4th Jun 2010 08:31
Bank Audi s.a.l. - Audi Saradar Group
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Stand alone (unconsolidated) Audited Balance Sheet as at December 31, 2009 |
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(LBP million) |
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Assets |
31/12/2009 |
31/12/2008 |
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Cash and balances with Central Banks |
3,982,195 |
2,942,579 |
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Due from banks & financial institutions |
5,131,835 |
3,380,147 |
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Due from head office, sister, related banks and financial institutions |
662,209 |
841,441 |
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Financial assets given as collateral and reverse repurchase agreements |
63,272 |
65,608 |
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Derivative financial instruments |
4,313 |
17,682 |
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Financial assets held for trading . |
247,892 |
6,696 |
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Financial assets designated at fair value through profit & loss |
|
323,887 |
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Net loans & advances to customers * |
5,761,833 |
5,444,329 |
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Net loans & advances to related parties |
38,913 |
56,316 |
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Debtors by acceptances |
136,576 |
114,069 |
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Available for sale financial instruments |
5,025,586 |
2,393,852 |
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Financial assets classified as loans and receivables |
6,833,875 |
5,342,536 |
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Held to maturity financial instruments |
305,751 |
179,174 |
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Investments in associates |
1,315,712 |
1,280,039 |
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Investment properties |
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Property & equipment |
240,353 |
242,363 |
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Intangible fixed assets |
4,652 |
5,443 |
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Non current assets held for sale |
14,395 |
24,693 |
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Deferred taxes assets |
2,067 |
1,003 |
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Other assets |
50,879 |
73,540 |
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Goodwill |
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Total Assets |
29,822,308 |
22,735,397 |
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* After deduction of provisions amounting to LL (million) 141,845 from loans and advances to customers as per IAS 39, of which |
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LL (million) 40,610 representing provisions on collective assessment . |
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Bank Audi s.a.l. - Audi Saradar Group
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Stand alone (unconsolidated) Audited Balance Sheet as at December 31, 2009 |
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(LBP million) |
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Liabilities |
31/12/2009 |
31/12/2008 |
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Due to Central Banks |
133,359 |
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Due to banks & financial institutions |
433,728 |
444,871 |
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Due to head office, sister, related banks and financial institutions |
1,722,940 |
1,188,703 |
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Financial assets taken as collateral & repurchase agreement |
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Derivative financial instruments |
1,354 |
11,666 |
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Financial liabilities held for trading |
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Financial liabilities designated at fair value through profit & loss |
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Customers deposits |
24,381,316 |
18,198,459 |
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Deposits from related parties |
280,786 |
228,851 |
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Debt issued & other borrowed funds |
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Engagements by acceptances |
136,576 |
114,069 |
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Current tax liabilities |
24,964 |
11,255 |
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Deferred tax liabilities |
18,789 |
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Other liabilities |
42,763 |
56,599 |
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Liabilities related to non-current assets held for sale |
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Provisions for risks & charges |
55,796 |
50,718 |
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End of service benefits |
24,854 |
20,979 |
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Subordinated loans & similar debts |
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Total Liabilities |
27,257,225 |
20,326,170 |
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Shareholders' Equity - Group Share |
2,565,083 |
2,409,227 |
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Capital - Common shares |
421,632 |
376,083 |
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Capital - Preferred shares |
15,313 |
57,750 |
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Issue premium - Common shares |
862,611 |
1,036,637 |
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Issue premium - Preferred shares |
173,125 |
281,437 |
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Merger premium |
36,006 |
36,006 |
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Cash contribution to capital |
72,586 |
72,586 |
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Capital reserves |
565,339 |
307,990 |
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Treasury shares |
(59,461) |
(57,633) |
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Retained earnings |
17,601 |
24,386 |
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Revaluation reserve of real estate |
18,600 |
18,600 |
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Reserve on revaluation of financial Instruments |
125,172 |
2,898 |
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Reserve for cash flow hedges |
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Foreign currency translation reserve |
(99) |
(137) |
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Other reserves |
2,402 |
1,609 |
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Result of the year |
314,256 |
251,015 |
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Minority Interest |
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Profit & Loss Accounts |
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Total Shareholders' Equity |
2,565,083 |
2,409,227 |
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Total Liabilities & Shareholders' Equity |
29,822,308 |
22,735,397 |
Bank Audi s.a.l. - Audi Saradar Group
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Stand alone (unconsolidated) Audited Off Balance Sheet |
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(LBP million) |
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OFF Balance Sheet |
31/12/2009 |
31/12/2008 |
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Financing Commitments |
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- Financing commitments given to banks & financial institutions |
417,414 |
309,246 |
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- Financing commitments received from banks & financial institutions |
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- Engagement to customers |
306,711 |
492,984 |
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Bank guarantees : |
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- Guarantees given to banks & financial institutions |
309,672 |
252,676 |
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of which: credit derivatives |
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- Guarantees received from banks & financial institutions |
153,836 |
124,582 |
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of which: credit derivatives |
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- Guarantees given to customers |
1,484,538 |
799,829 |
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- Guarantees received from customers |
5,309,357 |
4,025,036 |
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Financial Notes Commitments |
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- Financial notes commitments to be received |
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of which: financial instruments sold with a buy back option |
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- Financial notes commitments to be delivered |
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of which: financial instruments purchased with a buy back option |
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Foreign Currencies Forwards |
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- Foreign currencies to receive |
189,619 |
363,992 |
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- Foreign currencies to deliver |
187,941 |
371,600 |
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Engagements on term financial instruments |
34,922 |
20,110 |
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Claims from legal cases |
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Fiduciary assets |
171,595 |
140,806 |
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Assets under management |
4,334,294 |
4,262,719 |
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Mutual funds |
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Structured financial products |
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Engagements unlikely to be executed |
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Bad debts fully provided for |
187,471 |
215,932 |
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Bank Audi s.a.l. - Audi Saradar Group
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(LBP million) |
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Stand alone (unconsolidated) Audited Income statement |
2009 |
2008 |
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Interest & similar income |
1,365,061 |
1,211,428 |
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Interest & similar expenses |
(971,314) |
(802,206) |
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Net Interest Income |
393,747 |
409,222 |
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Fees & commissions income |
144,232 |
134,481 |
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Fees & commissions expenses |
(30,236) |
(27,100) |
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Net Fees & Commissions Income |
113,996 |
107,381 |
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Net trading income/loss |
59,994 |
47,373 |
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Net gain or loss on financial assets or liabilities designated at fair value through profit & loss |
1,481 |
(32,084) |
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Net gain or loss on financial investments |
111,679 |
50,929 |
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Other operating Income |
10,636 |
23,534 |
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Total Operating Income |
691,533 |
606,355 |
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Net provisions for credit losses |
(35,316) |
(6,086) |
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Provision on impairment of financial instruments |
(6,482) |
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Net Operating income |
649,735 |
600,269 |
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Personnel expenses |
(150,453) |
(154,273) |
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Depreciation of property & equipment |
(18,347) |
(18,975) |
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Amortization of intangible assets |
(1,972) |
(2,170) |
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Goodwill Impairment |
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Other operating expenses |
(105,576) |
(117,811) |
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Total Operating Expenses |
(276,348) |
(293,229) |
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Operating Profits |
373,387 |
307,040 |
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Share of profits of associates under equity method |
(36) |
(3,109) |
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Net gain (loss) on sale or disposal of other assets |
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Profits Before Tax |
373,351 |
303,931 |
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Income tax |
(59,095) |
(52,916) |
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Profits After Tax from Operating Activities |
314,256 |
251,015 |
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Result of discontinued operations |
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Net Profits |
314,256 |
251,015 |
Related Shares:
BQAD.L