Dubai Islamic Bank Kenya: Un-audited Financial Statements 31-March-2018

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1. UN-AUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES FOR THE PERIOD ENDED 31ST MARCH 2018 I STATEMENT OF FINANCIAL POSITION A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 B 22 23 24 25 26 27 28 29 30 31 32 33 34 C 35 36 37 38 39 40 41 42 43 44 45 ASSETS Cash ( both Local & Foreign) Balances due from Central Bank of Kenya Kenya Government and other securities held for dealing purposes Financial Assets at fair value through profit and loss Investment Securities: a) Held to Maturity: a. Kenya Government securities b. Other securities b) Available for sale: a. Kenya Government securities b. Other securities Deposits and balances due from local banking institutions Deposits and balances due from banking institutions abroad Tax recoverable Financing arrangements to customers (net) Balances due from banking institutions in the group Investments in associates Investments in subsidiary companies Investments in joint ventures Investment properties Property and equipment Prepaid lease rentals Intangible assets Deferred tax asset Retirement benefit asset Other assets TOTAL ASSETS LIABILITIES Balances due to Central Bank of Kenya Customer deposits Deposits and balances due to local banking institutions Deposits and balances due to foreign banking institutions Other money market deposits Borrowed funds Balances due to banking institutions in the group Tax payable Dividends payable Deferred tax liability Retirement benefit liability Other liabilities TOTAL LIABILITIES SHAREHOLDERS’ FUNDS Paid up /Assigned capital Share premium/(discount) Revaluation reserves Retained earnings/Accumulated losses Statutory loan loss reserves Other Reserves Proposed dividends Capital grants TOTAL SHAREHOLDERS’ FUNDS Minority Interest TOTAL LIABILITIES AND SHAREHOLDERS’ FUNDS Mar 2018 Shs 000 (Unaudited) Dec 2017 Shs 000 (Audited) 46,696 290,040 70,744 38,840 - - 512,268 131,838 182 919,690 659,064 102,336 182 290,621 306,891 336,996 487,083 521,470 492,607 521,470 96,674 3,312,834 97,449 2,610,309 1,617,248 - 1,181,421 103,337 144,689 1,761,938 56,711 1,341,469 3,061,494 2,561,270 (1,512,370) 1,772 (1,294,202) 1,772 1,550,896 1,268,840 3,312,834 2,610,309 II STATEMENT OF COMPREHENSIVE INCOME 1.0 1.1 1.2 1.3 1.4 1.5 2.0 2.1 2.2 2.3 2.4 3.0 4.0 4.1 4.2 4.3 4.4 4.5 4.6 5.0 6.0 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0 15.0 15.1 15.2 15.3 15.4 15.5 16.0 17.0 PROFIT INCOME Financing activities Government securities Deposits and placements with banking institutions Other profit Income Total profit income PROFIT EXPENSE Customer deposits Deposits and placements with banking institutions Other related expenses Total profit expenses NET PROFIT INCOME/( LOSS) OTHER OPERATING INCOME Fees and commissions on financing arrangement Other fees and commissions Foreign exchange trading income/(loss) Dividend Income Other income Total other operating income TOTAL OPERATING INCOME OTHER OPERATING EXPENSES Financing arrangements Loss Provision Staff costs Directors’ emoluments Rental charges Depreciation charge on property and equipment Amortisation charges Other operating expenses Total Other Operating Expenses Profit/(Loss) before tax and exceptional items Exceptional items Profit/(Loss) after exceptional items Current tax Deferred tax Profit /(Loss) after tax and exceptional items Minority Interest Profit /(Loss) after tax, exceptional items and Minority Interest Other Comprehensive Income Gains/(Losses) from translating the financial statements of foreign operations Fair value changes in available for sale financial assets Revaluation surplus on Property,plant and equipment Share of other comprehensive income of associates Income tax relating to components of other comprehensive income Other Comprehensive Income for the year net of tax Total comprehensive income for the year Mar 2018 Shs 000 (Unaudited) Dec 2017 Shs 000 (Audited) 14,364 5,198 7,964 13,162 4,863 19,227 20,257 917 21,174 (1,947) 15,111 8,909 8,909 4,253 19,798 17,851 6,320 2,917 9,237 13,490 (10,275) 103,523 2,550 21,790 32,541 15,710 70,181 236,019 (218,168) 1,146 387,344 8,566 82,073 125,325 34,737 213,600 852,791 (839,301) (218,168) (218,168) (839,301) 239,454 (599,847) (218,168) (599,847) - - (218,168) (599,847) 4,687 III OTHER DISCLOSURES 1.0 NON-PERFORMING FINANCING ARRANGEMENTS (a) Gross Non-performing Financing arrangements (b) Less Profit in Suspense (c)Total Non-Performing financing arrangements (a-b) (d) Less Financing arrangements Losses Provision (e) Net Non-Performing financing arrangements (c-d) (f) Discounted Value of Securities (g) Net NPLs Exposure (e-f) Mar 2018 Shs 000 (Unaudited) Dec 2017 Shs 000 (Audited) - - - - - - - - 2.0 INSIDERFINANCING ARRANGEMENTS (a) Directors, Shareholders and Associates (b) Employees (c)Total Insider financing arrangements and other facilities 241,730 241,730 80,418 80,418 3.0 OFF-BALANCE SHEET ITEMS (a)Letters of credit,guarantees, acceptances (b) Forwards, swaps and options (c)Other contingent liabilities (d)Total Contingent Liabilities 102,654 102,654 9,740 9,740 1,027,654 1,000,000 27,654 1,772 1,029,426 2,303,241 63.5% 8.00% 55.5% 44.6% 10.50% 34.1% 44.7% 14.5% 30.2% 63.2% 44.4% 44.5% 1,267,069 1,000,000 267,069 1,772 1,268,840 1,811,320 107.2% 8.00% 99.2% 70.0% 10.50% 59.5% 70.1% 14.5% 55.6% 60.6% 20.0% 40.6% 65.0% 20.0% 45.0% 4.0 CAPITAL STRENGTH (a)Core capital (b) Minimum statutory capital (c)Excess (a-b) (d) Supplementary capital (e) Total capital (a+d) (f)Total risk weighted assets (g) Core capital/Total deposits liabilities (h) Minimum statutory Ratio (I) Excess/(Deficiency) (j) Core capital / Total risk weighted assets (k) Minimum statutory Ratio (l) Excess ( Deficiency) (j-k) (m) Total capital/Total risk weighted assets (n) Minimum statutory Ratio (o) Excess/ ( Deficiency) (m-n) (P) Adjusted Core Capital/Total Deposit Liabilities* (q) Adjusted Core Capital/Total risk weighted assets* (r) Adjusted Total Capital/Total risk weighted assets* 5.0 LIQUIDITY (a) Liquidity Ratio (b) Minimum statutory Ratio (c) Excess/ ( Deficiency) (a-b) * The Adjusted Capital Ratios include the expected credit loss provisions added back to Capital in line with the CBK Guidance Note issued in April 2018 on implementation of IFRS 9. The above Statement of Financial Position and Statement of Comprehensive Income are extracts from the institution’s financial statements. These financial statements and other disclosures can be accessed on the institution’s website; www.dibkenya.co.ke. They may also be accessed at the institution’s Head Office located at DIB Bank Kenya Ltd Headquarters, Bunyala Road / Lower Hill Road Junction. Peter Makau Managing Director/CEO Mohamed Al Sharif Director DIB Bank Kenya is regulated by the Central Bank of Kenya.