First Community Bank: Audited Financial Statements and Other Disclosures - 31 December 2019

Transcription

1. HEAD OFFICE : FCB MIHRAB BUILDING, MEZZANINE 1, LENANA ROAD/RING ROAD KILIMANI, NAIROBI • P.O Box 26219 GPO 00100 NAIROBI, • TEL: 2843000 AUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES AS AT 31ST DEC 2019 1. 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 ASSETS Cash balances ( 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; i. Kenya Government securities i. Other securities a) Available for sale; i. Kenya Government securities i. Other securities Deposits and balances due from local banking institutions Deposits and balances due from banking institutions abroad Tax recoverable Financing Activities (net) Balances due from Banking instituion in the group Investments in associates Investments in subsidiary companies Investment in joint ventures Investment properties Property and equipment Prepaid operating rental leases 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 instituion in the group Tax payable Dividends payable Deferred tax liability Retirement benefit liability Other liabilities TOTAL LIABILITIES SHAREHOLDERS' EQUITY Paid up/Assigned capital Share premium Revaluation reserves Retained earnings/ Accumulated losses Statutory financing loss reserve Other Reserves Proposed dividends Capital grants TOTAL SHAREHOLDERS' FUNDS TOTAL LIABILITIES AND SHAREHOLDERS' FUNDS 2. STATEMENT OF COMPREHENSIVE INCOME OPERATING INCOME 1 1.1 Financing Activities (Deals) Government securities. 1.2 Deposits and placements with banking institutions 1.3 Other related income 1.4 Total Operating income 1.5 EXPENSES ON DEPOSITS 2 Customer deposits 2.1 Deposits and placements from banking institutions 2.2 Other related expenses 2.3 Total Expenses on Deposits 2.4 NET OPERATING INCOME 3 NON- OPERATING INCOME 4 Fees and commissions on financing activity's 4.1 Other fees and Commissions income 4.2 Foreign exchange income 4.3 Dividend Income 4.4 Other income. 4.5 Total Non Operating Income 4.6 TOTAL INCOME 5 OPERATING EXPENSES 6 Financing loss provision 6.1 Staff costs 6.2 Directors' emoluments 6.3 Rental charges 6.4 Depreciation on property and equipment 6.5 Amortization charges 6.6 Other operating expenses 6.7 Total Other Operating Expenses 6.8 Profit/(loss) before tax and exceptional items 7 Exceptional items 8 Profit/(loss) before tax 9 Current tax 10 Deferred tax asset 11 Profit / (loss) after tax & exceptional items 12 Other Comprehensive Income 13 13.1 Gains/Losses from Translating the F/S of Foreign Operations 13.2 Fair Value changes in Availabe for sale Financial assets 13.3 Revaluation surplus on property,plant & equipments 13.4 Share of other comprehensive income of associates 13.5 Income tax relating to components of other comprehensive income Other comprehensive Income for the year net of tax 14 Total Comprehensive Income for the year 15 3. OTHER DISCLOSURES NON PERFORMING FACILITIES 1 a) Gross Non-Performing Facilities b) Less suspended Income c)Total Non Performing Facilities (a-b) d) Less financing loss provisions e) Net NPLs (c-d) f) Discounted value of securities g) Net NPLs exposure (e-f) 2 INSIDER FACILITY a) Directors, shareholders and associates b) Employees c) Total Insider Facility 3 OFF BALANCE SHEET ITEMS a) Letter of Credit, guarantees, acceptances b) Forward, swaps & Options c) Other contigent Liabilities d) Total Contigent Liabilities 4 CAPITAL STRENGTH a) Core Capital b) Minimum statutory capital c) Excess/ deficiency (a-b) d) Supplementary capital e) Total Capital (a+d) f) Total Risk Weighted Assets g) Core Capital/ Total Deposit Liabilities h) Minimum Statutory ratio i) Excess/deficiency (g-h) 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) 5 LIQUIDITY a) Liquidity ratio b) Minimum statutory ratio c) Excess/deficiency (a-b) 31-Dec-19 Audited 1,174,945 1,973,662 - 31-Dec-18 Audited Ksh'000' 1,019,888 1,252,991 - - - - - 2,215,670 1,141,192 119,645 9,909,696 3,558,968 1,101,289 140,772 9,027,389 94,400 94,400 846,829 50,282 555,748 532,736 8,000 46,108 529,176 680,774 18,762,844 568,746 17,880,462 16,125,643 14,618,089 158,901 923,120 303,375 303,440 - - 712,894 17,300,813 764,711 16,609,359 390,800 1,172,401 390,800 1,172,401 (411,083) 309,941 (292,098) - 1,462,059 18,762,844 1,271,103 17,880,462 879,061 121,720 Ksh'000' 855,056 132,676 1,000,782 987,732 187,434 17,369 40,435 245,233 755,549 204,166 13,115 50,634 267,915 719,817 65,601 292,243 79,272 48,109 262,694 132,893 3,389 440,506 1,196,055 16,168 459,864 1,179,681 (345,152) 300,948 796,733 1,010,573 185,482 550,128 1,458,092 (278,411) 185,482 (21,127) 26,572 190,927 (278,411) (17,520) 83,869 (212,062) 190,927 (212,062) 465,372 18,500 405 50,239 24,476 441,176 5,000 68,083 66,731 26,027 Ksh'000' 4,699,124 591,373 4,107,751 1,332,148 2,775,603 4,940,176 533,283 4,406,893 1,130,266 3,276,667 572,372 301,940 874,312 604,620 317,312 921,931 194,120 205,620 194,120 205,620 2,685,833 89,770 617,182 3,266,669 9,998 774,637 1,000,000 1,000,000 (382,818) (225,363) 1,130,498 13,962,683 1,078,077 11,828,591 35.1% 20.0% 15.1% 48.3% 20.0% 28.3% 513,316 3.8% 8.0% -4.2% 4.4% 10.5% -6.1% 8.1% 14.5% -6.4% 4.2% 4.8% 8.5% 303,440 5.3% 8.0% -2.7% 6.5% 10.5% -4.0% 9.1% 14.5% -5.4% 7.6% 9.3% 11.9% The Adjusted Capital includes the expected credit loss provisions added back to Capital in line with CBK Guidance Note issued in April 2018 on implementation of IFRS 9. MESSAGE FROM DIRECTORS These Financial Statements are extracts from the books of the institution as audited by Ernts & Young LLP and received an unqualified opinion. The complete set of the audited Statements,Statutory and qualitative disclosures can be accessed on the institution's website www.firstcommunitybank.co.ke or at our Headoffice located at FCB MihrabBuilding, Mezzanine 1, Lenana Road/Ring Road Kilimani,Nairobi . Mohamed Mbaye : Chairman Abdullatif Essajee : Director Dr. Hussein Hassan : Chief Executive Officer