Old MathJax webview

Old MathJax webview

deleted schedule

deleted schedule

Statement of Income: JD'000 ARAB BANK Pic Notes 2020 2019 34 1 141 265 1 377 OSI 35 462 421 602 140 678 844 774 911 36 128 404 146 471 807 248 921 382 REVENUE interest income Less: Interest expense Net Interest Income Net commission income Net Interest and Commission Income Foreign exchange differences Gain from financial assets at fair value through profit or loss Dividends from financial assets at fair value through other comprehensive income Dividends from subsidiaries and associates 43 302 50 411 37 2617 4 100 11 3 159 3 989 38 52 742 121 253 Other revenue 39 19 730 15 SBS TOTAL INCOME 928 798 1 116 723 40 230 016 232 255 182 234 164 942 15816 32 888 31 563 EXPENSES Employees expenses Other expenses Depreciation and amortization Provision for impairment - ECL Other provisions TOTAL EXPENSES 6 404 870 118 858 23 10 169 12 885 860 177 560 503 68 621 556 220 PROFIT FOR THE YEAR BEFORE INCOME TAX Less: Income tax expense PROFIT FOR THE YEAR 22 46 821 132660 423 560 21 800 JD'000 ARAB BANK PLC Notes 2020 2019 21 800 423 560 31 38 431 (8191) Profit for the year Add: Other comprehensive income items - after tax Items that will be subsequently transferred to the statement of income Exchange differences arising on the translation of foreign operations items that will not be subsequently transferred to the statement of Income Change in fair value of financial assets at fair value through other comprehansice income Net change in fair value of financial assets at fair value through other comprehensive income (Loss) from sale of finacial assets at fair value through the statement of comprehansive income Total Other Comprehensive Income items. After Tax TOAL COMPREHENSIVE INCOME FOR THE YEAR 32 (2.904) 41 (1022) 241 (1882) (200) 35 527 (8150) 415 410 57327 Statement of Financial Position: JD'000 ARAB BANK PLC Notes 7 8 9 10 42 12 Cash and balances with central banks Balances with banks and financial institutions Deposits with banks and financial institutions Financial assets at fair value through profit or loss Financial derivatives positive fair value Direct credit facilities at amortized cost Financial assets at fair value through other comprehensive income Other financial assets at amortized cost Investments in subsidiaries and associates Fixed assets Other assets Deferred tax assets TOTAL ASSETS 31 December 2020 2019 4833 256 3752 594 3498 702 3264 458 63 451 164 609 48 657 169 020 43227 23 497 11 649 462 11 926 366 154 564 157 764 5078 701 5183 740 1 074 381 921524 225022 228 723 381 058 440 321 138 612 96 069 27 189093 26 328 685 ASSETS 11 13 14 15 16 17 18 1 980 915 19 17425 837 2081 052 20 42 19 854 Banks and financial institutions' deposits Customer deposits Cash margin Financial derivatives negative fair value Borrowed funds Provision for income tax Other provisions Other liabilities Deferred tax liabilities Total Liabilities 2031 064 18 483 736 1672 994 53063 352 203 108031 145 503 487 807 21 22 23 181 582 157562 142 882 542 562 1 197 22 533 443 24 25 2123 23 336 524 LIABILITIES AND OWNERS' EQUITY 26 640 800 640 800 859626 26 27 640 800 614 920 28 29 583 695 Share capital Share premium Statutory reserve Voluntary reserve General reserve General banking risks reserve Foreign currency translation reserve Investment revaluation reserve Retained earnings Total Shareholders' Equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 30 108 795 859626 640 800 614 920 583 695 108 494 (159 966) (215 968) 780 168 3852 569 27 189 093 31 (198 397) (214 946) 32 33 759 949 3795 242 26 328 685 Question No. Two: Good financial analysis rests on the availability of a highly liquid secondary market. Discuss