30th Jul 2008 16:56
Bank Audi SAL-
Audi Saradar Group
|
Consolidated Balance Sheet |
||
|
|
|
(LL millions) |
|
Assets |
30/06/2008 |
31/12/ 2007 |
|
Cash and balances with Central Banks |
7,584,702 |
6,888,098 |
|
Cash |
175,224 |
140,036 |
|
Credit risk ceded |
|
210,748 |
|
Net Exposure |
7,409,478 |
6,537,314 |
|
Due from banks & financial institutions |
4,858,395 |
4,899,819 |
|
Due from head office, sister,related banks and financial institutions |
|
|
|
Financial assets given as collateral and reverse repurchase agreements |
120,600 |
|
|
Derivative financial instruments |
27,454 |
23,345 |
|
Financial assets held for trading |
548,581 |
714,533 |
|
Financial assets designated at fair value through profit & loss |
438,579 |
480,041 |
|
Net loans & advances to customers * |
8,284,784 |
7,416,354 |
|
Net loans & advances to related parties |
304,004 |
268,278 |
|
Debtors by acceptances |
225,273 |
198,288 |
|
Available for sale financial instruments |
4,026,843 |
3,455,626 |
|
Credit risk ceded |
1,026,184 |
778,072 |
|
Net exposure |
3,000,659 |
2,677,554 |
|
Financial assets classified as loans and receivables |
322,345 |
408,671 |
|
Held to maturity financial instruments |
349,657 |
427,180 |
|
Investments in associates |
23,815 |
22,630 |
|
Investment properties |
|
|
|
Property & equipment |
466,189 |
455,661 |
|
Intangible fixed assets |
22,639 |
13,502 |
|
Non current assets held for sale |
38,855 |
40,254 |
|
Deferred taxes assets |
1,647 |
14,722 |
|
Other assets |
199,080 |
165,493 |
|
Goodwill |
207,562 |
215,131 |
|
Total Assets |
28,051,004 |
26,107,626 |
|
* After deduction of provisions amounting to LL 197,232 from loans and advances to customers as per IAS 39, of wich |
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|
LL 3,620 representing provisions on collective assessment . |
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Bank Audi SAL-
Audi Saradar Group
|
Consolidated Balance Sheet |
||
|
|
(LL millions) |
|
|
Liabilities & Shareholders' Equity |
30/06/2008 |
31/12/ 2007 |
|
Due to Central Banks |
|
|
|
Due to banks & financial institutions |
658,103 |
956,076 |
|
Due to head office, sister, related banks and financial institutions |
|
|
|
Financial assets taken as collateral & repurchase agreement |
|
|
|
Derivative financial instruments |
|
|
|
Financial liabilities held for trading |
|
|
|
Financial liabilities designated at fair value through P&L |
|
|
|
Customers deposits |
23,176,057 |
21,163,808 |
|
Deposits from related parties |
276,674 |
392,097 |
|
Debt issued & other borrowed funds |
153,148 |
153,148 |
|
Engagements by acceptances |
225,273 |
198,288 |
|
Current tax liabilities |
33,299 |
58,364 |
|
Deferred tax liabilities |
787 |
7 |
|
Other liabilities |
625,842 |
396,376 |
|
Liabilities related to non-current assets held for sale |
|
|
|
Provisions for risks & charges |
10,323 |
14,723 |
|
End of service benefits |
26,154 |
25,482 |
|
Subordinated loans & similar debts |
|
|
|
Total Liabilities |
25,185,660 |
23,358,369 |
|
Shareholders' Equity - Group Share |
2,544,632 |
2,628,100 |
|
Capital - Common shares |
361,925 |
361,925 |
|
Capital - Preferred shares |
57,750 |
57,750 |
|
Issue premium - Common shares |
1,007,647 |
1,007,647 |
|
Issue premium - Preferred shares |
267,734 |
267,734 |
|
Cash contribution to capital |
72,586 |
72,586 |
|
Capital reserves |
483,890 |
328,693 |
|
Treasury shares |
(5,739) |
(1,531) |
|
Retained earnings |
87,982 |
56,305 |
|
Revaluation reserve of real estate |
18,600 |
18,600 |
|
Reserve on revaluation of financial Instruments |
31,287 |
30,095 |
|
Reserve for cash flow hedges |
|
|
|
Foreign currency translation reserve |
28,786 |
27,046 |
|
Other reserves |
132,184 |
111,566 |
|
Result of the year |
|
289,684 |
|
Minority Interest |
123,989 |
121,157 |
|
Profit & Loss Accounts |
196,723 |
|
|
Total Shareholders' Equity |
2,865,344 |
2,749,257 |
|
Total Liabilities & Shareholders' Equity |
28,051,004 |
26,107,626 |
Bank Audi SAL-
Audi Saradar Group
|
Consolidated Off Balance Sheet |
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|
|
(LL millions) |
|
|
OFF Balance Sheet |
30/06/2008 |
31/12/ 2007 |
|
Financing Commitments |
|
|
|
- Financing commitments given to banks & financial institutions |
605,328 |
468,751 |
|
- Financing commitments received from banks & financial institutions |
187,651 |
172,143 |
|
- Engagement to customers |
223,807 |
390,751 |
|
Bank guarantees : |
|
|
|
- Guarantees given to banks & financial institutions |
270,220 |
230,499 |
|
of which: credit derivatives |
|
|
|
- Guarantees received from banks & financial institutions |
|
|
|
of which: credit derivatives |
|
|
|
- Guarantees given to customers |
1,027,088 |
958,921 |
|
- Guarantees received from customers |
3,756,196 |
3,537,056 |
|
Financial Notes Commitments |
|
|
|
- Financial notes commitments to be received |
|
|
|
of which: financial instruments sold with a buy back option |
|
|
|
- Financial notes commitments to be delivered |
|
|
|
of which: financial instruments purchased with a buy back option |
|
|
|
Foreign Currencies Forwards |
|
|
|
- Foreign currencies to receive |
1,081,772 |
1,705,167 |
|
- Foreign currencies to deliver |
1,083,485 |
1,706,867 |
|
Commitments on term financial instruments |
442,943 |
594,294 |
|
Other commitments |
|
|
|
Claims from legal cases |
|
|
|
Fiduciary assets |
3,152,106 |
3,159,896 |
|
Asset under management |
3,016,366 |
2,260,941 |
|
Mutual funds |
|
|
|
Structured financial products |
|
|
|
Engagement unlikely to be executed |
|
|
|
Bad debts fully provided for |
280,285 |
282,040 |
Bank Audi SAL-
Audi Saradar Group
|
(LL millions) |
||
|
Consolidated Income statement |
Period ended 30/06/2008 |
Period ended 30/06/2007 |
|
Interest & similar income |
824,938 |
715,803 |
|
Interest & similar expenses |
(522,667) |
(469,460) |
|
Net Interest Income |
302,271 |
246,343 |
|
Fees & commissions income |
128,174 |
88,741 |
|
Fees & commissions expenses |
(19,111) |
(15,658) |
|
Net Fees & Commissions Income |
109,063 |
73,083 |
|
Net trading income/loss |
75,854 |
30,540 |
|
Net gain or loss on financial assets or liabilities designated at fair value through profit & loss |
325 |
|
|
Net gain or loss on financial investments |
11,197 |
14,359 |
|
Other operating Income |
38,420 |
18,839 |
|
Total Operating Income |
537,130 |
383,164 |
|
Net provisions for credit losses |
(18,570) |
(1,312) |
|
Provision on impairement of financial instruments |
(754) |
3,262 |
|
Net Operating income |
517,806 |
385,114 |
|
Personnel expenses |
(152,556) |
(114,991) |
|
Depreciation of property & equipment |
(15,290) |
(15,705) |
|
Amortization of intangible assets |
(2,122) |
(1,906) |
|
Impairement of goodwill |
|
|
|
Other operating expenses |
(110,129) |
(87,696) |
|
Total Operating Expenses |
(280,097) |
(220,298) |
|
Operating Profit |
237,709 |
164,816 |
|
Share of profit of associates under equity method |
481 |
600 |
|
Net gain (loss) on sale or disposal of other assets |
|
|
|
Profit Before Tax |
238,190 |
165,416 |
|
Income tax |
41,467 |
27,754 |
|
Profit After Tax from Operating Activities |
196,723 |
137,662 |
|
Result of discontinued operations |
|
|
|
Net Profit |
196,723 |
137,662 |
|
Minority Interest |
10,215 |
2,233 |
|
Net Profit - Group share |
186,508 |
135,429 |
|
Basic earnings per share LL |
5,256 |
3,714 |
|
Diluted earnings per share LL |
4,959 |
3,537 |
Related Shares:
BQAD.L