Your financial statement analysis must include the calculation and interpretation of the following ratios for the assigned company; i. Liquidity Ratios - (10 marks) Section 1: Financial Statement Analysis Liquidity Ratios \begin{tabular}{c|c} Current Ratio =CurrentLiabilitiesCurrentAssets & Quick Ratio =CurrentLiabilitiesCurrentAssetsInventories \\ Cash Ratio =CurrentLiabilitiesCash & \end{tabular} Notes KD000s2021 Income Murabaha and other Islamic financing income Finance cost and distribution to depositors Net financing income Net investment income Net fees and commission income Net foreign exchange gain Other income Net operating income Staff costs General and administrative expenses Depreciation Operating expenses Operating profit before provision for impairment Provision for impairment Operating profit before taxation and board of directors' remuneration 678,80016,7954,679 Taxation Board of directors' remuneration Net profit for the year Attributable to: Equity holders of the Bank Non-controlling interests Net profit for the year Basic and diluted earnings per share attributable to the equity holders of the Bank (fils) 10 13.57 KD000s2021 Net profit for the year 47,955 Other comprehensive income/(loss) Items that are or may be reclassified to consolidated statement of profit or loss in subsequent periods: Change in fair value of debt investments at fair value through other comprehensive income Foreign currency translation adjustments 4,789 (1,839) Items that will not be reclassified to consolidated statement of profit or loss in subsequent periods: Change in fair value of equity investments at fair value through other comprehensive income Re-measurement loss on post-employment benefits (note 19). Other comprehensive income/(loss) for the year Total comprehensive income for the year (157)(484)2,30950,264 Attributable to: Equity holders of the Bank Non-controlling interests Total comprehensive income for the year 51,636(1,372)50,264 Notes KD000s2021 Assets Cash and balances with banks 11350,500 Deposits with Central Bank of Kuwait Deposits with other banks 12387,915 Islamic financing to customers 135,513,074 Investment in Sukuk 14529,253 Other investment securities Investment properties 14125,875 Other assets \begin{tabular}{rr} 16 & 21,706 \\ 17 & 89,515 \\ 108,203 \\ \hline 7,351,899 \\ \hline \end{tabular} Property and equipment Total assets Liabilities and Equity Liabilities Due to banks Depositors' accounts Medium term financing Other liabilitics Total liabilities Equity Share capital Share premium Proposed bonus shares Treasury shares Statutory reserve Voluntary reserve Other reserves Retained earnings 395,1505,618,787485,371102,5196,601,827 Proposed cash dividends Equity attributable to equity holders of the Bank Perpetual Tier 1 Sukuk Non-controlling interests Total equity Total liabilities and equity \begin{tabular}{rr} 20 & 317,970 \\ 21 & 156,942 \\ 22 & 15,898 \\ 23 & (54) \\ 24 & 40,651 \\ 25 & 15,327 \\ 25 & (3,193) \\ & 4,100 \\ 22 & 15,896 \\ \hline & 563,537 \\ 26 & 150,385 \\ & 36,150 \\ \hline 750,072 \\ \hline 7,351,899 \\ \hline \end{tabular} OPERATING ACTIVITIES Notes Net profit for the year Adjustments for: Provision for impaiment Depreciation Foreign currency translation adjustments 47,955 Net gain from financial assets at fair value through profit or loss Net gain from sale of debt investments at FVOCI Share of results of associates Net gain os acquisition of subsidiary Unrealized (gainy loss from change in fair value of investment properties (577) Realized gain oa sale of invetment properties (475) Dividend income Operating profit before changes in operating assets and liabilities 99,679(3,053) Changes in operating assets and liabilities: Deposits with Central Bank of Kuwait Deposits with other banks Eslamic financing to customers Orber assets Due to banks Depositars' accounts Oeher liabilities Net cash used in operating activities INVESTING ACTIVITIES Purchase of invostment securities Procecds froen sale/redenaption of investment securities Transaction costs related to acquisition of a subsidiary Acquisition of a sabsidiary, net of cash acquired Dividends received from associates Proceeds from sale of investment in associates Procecds from sale of investment peoperties Purchase of investment properties Purchase of propenty and equipment Dividend income received Net cash used in investing activities FINANCING ACTIVITIES Transaction costs on issue of Perpetual Tier I Sukuk Redemption of Tier I Sukuk Profit distribution on perpetual Tite I Sukuk Net procceds from issue of Perpetual Tier 1 Sukuk Dividends paid Net movement of non-coatrolling interest Net movement in modium term financing Net cash generated from financing activities Net increase in cash and cash equivalents Net foreign exchange difference Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year (239,113) 203,675 1.028 7,258 (3,097) 113,779511,059(3,970)(45,717)