of  

or
Sign in to continue reading...

First Community Bank: Unaudited Financial Statements and Other Disclosures - 31 March 2020

IM Insights
By IM Insights
3 years ago
First Community Bank: Unaudited Financial Statements and Other Disclosures - 31 March 2020

Reserves


Create FREE account or Login to add your comment
Comments (0)


Transcription

  1. 'UNAUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES AS AT 31ST March 2020 A 1 2 3 ASSETS Cash balances ( both local & foreign) Balances due from Central Bank of Kenya Kenya Government and other securities held for dealing purposes 5 6 7 8 9 10 11 12 13 14 15 16 17 18 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 20 21 B 22 23 24 25 26 27 28 29 30 31 31-Mar-20 Unaudited 31-Dec-19 Audited 31-Mar-19 Unaudited 1,356,160 239,909 - 1,174,945 1,973,662 - 824,281 178,582 - - - - 189,943 102,172 99,641 10,113,290 2,215,670 1,141,192 119,645 9,909,696 2,788,017 691,542 117,614 9,059,195 94,400 94,400 94,400 866,295 4,922 50,986 555,748 846,829 50,282 555,748 523,759 7,230 45,953 529,176 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 2,381,028 16,054,493 680,774 18,762,844 351,782 15,211,531 14,058,355 16,125,643 - 158,901 13,173,442 56,467 313,445 303,375 313,426 33 34 C 35 36 37 38 Other liabilities TOTAL LIABILITIES SHAREHOLDERS' EQUITY Paid up/Assigned capital Share premium Revaluation reserves Retained earnings/ Accumulated losses 215,131 14,586,931 712,894 17,300,813 411,893 13,955,227 390,800 1,172,401 390,800 1,172,401 390,800 1,172,401 40 41 42 43 44 Other Reserves Proposed dividends Capital grants TOTAL SHAREHOLDERS' FUNDS TOTAL LIABILITIES AND SHAREHOLDERS' FUNDS (511,686) 416,047 (411,083) 309,941 (306,898) - 1,467,563 16,054,493 1,462,060 18,762,844 1,256,304 15,211,531 190,213 30,768 879,061 121,720 183,852 32,720 220,981 1,000,782 216,572 33,792 3,031 10,070 46,893 174,087 187,434 17,369 40,435 245,233 755,549 49,997 4,412 9,986 64,395 152,177 18,081 60,552 25,251 65,601 292,243 79,272 18,134 53,750 48,522 2,016 105,900 279,987 3,389 440,506 1,196,055 5,527 125,933 278,109 127,830 1500 17,139 12,733 3,696 111,556 274,454 5,533 (345,152) 465,372 18,500 405 50,239 24,476 796,733 1,010,573 185,482 13,880 117,221 5,000 16,129 15,323 6,215 118,395 292,163 (14,053) 5,533 - 185,482 (21,127) 26,572 190,927 (14,053) (775) 1 2 3 4 5 6 7 8 1.1 1.2 1.3 1.4 1.5 2.1 2.2 2.3 2.4 4.2 4.3 4.4 4.5 4.6 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 14 15 1 2 3 4 Other fees and Commissions income Foreign exchange income Dividend Income Other income. Total Non Operating Income TOTAL INCOME OPERATING EXPENSES Financing loss provision Staff costs Directors' emoluments Rental charges Depreciation on property and equipment Amortization charges Other operating expenses Total Other Operating Expenses Exceptional items 10 11 13 OPERATING INCOME Financing Activities (Deals) Government securities. Deposits and placements with banking institutions Other related income Total Operating income EXPENSES ON DEPOSITS Customer deposits Deposits and placements from banking institutions Other related expenses Total Expenses on Deposits NET OPERATING INCOME NON- OPERATING INCOME Current tax Deferred tax asset 13.1 13.2 13.3 13.4 13.5 Other Comprehensive Income Gains/Losses from Translating the F/S of Foreign Operations Fair Value changes in Availabe for sale Financial assets Revaluation surplus on property,plant & equipments 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 NON PERFORMING FACILITIES a) Gross Non-Performing Facilities b) Less suspended Income c)Total Non Performing Facilities (a-b) e) Net NPLs (c-d) f) Discounted value of securities g) Net NPLs exposure (e-f) INSIDER FACILITY a) Directors, shareholders and associates b) Employees c) Total Insider Facility OFF BALANCE SHEET ITEMS a) Letter of Credit, guarantees, acceptances b) Forward, swaps & Options c) Other contigent Liabilities d) Total Contigent Liabilities CAPITAL STRENGTH a) Core Capital b) Minimum statutory capital d) Supplementary capital e) Total Capital (a+d) f) Total Risk Weighted Assets g) Core Capital/ Total Deposit Liabilities h) Minimum Statutory ratio j) Core Capital/ Total Risk Weighted Assets k) Minimum statutory ratio m) Total Capital/ Total Risk Weighted assets n) Minimum statutory ratio 5 p) Adjusted Core Capital/Total Deposit Liabilities* q) Adjusted Core Capital/Total Risk Weighted Assets* r) Adjusted Total Capital/Total Risk Weighted Assets* LIQUIDITY a) Liquidity ratio b) Minimum statutory ratio - 5,533 5,533 - 190,927 (14,828) (14,828) 4,800,671 629,996 4,170,676 1,439,126 2,731,550 2,710,679 20,871 4,699,124 591,373 4,107,751 1,332,148 2,775,603 2,685,833 89,770 4,793,938 572,891 4,221,047 1,170,761 3,050,286 2,834,569 215,717 562,088 294,018 856,106 572,372 301,940 874,312 536,186 311,525 847,710 166,470 194,120 231,318 166,470 194,120 231,318 503, 476 1,000,000 (496,524) 629,491 1,132,968 15,406,220 3.6% 8.0% -4.4% 3.3% 10.5% -7.2% 7.4% 14.5% -7.1% 4.6% 4.2% 8.2% 617,182 1,000,000 (382,818) 513,316 1,130,498 13,962,683 3.8% 8.0% -4.2% 4.4% 10.5% -6.1% 8.1% 14.5% -6.4% 4.2% 4.8% 8.5% 758,358 1,000,000 (241,642) 313,426 1,071,784 12,501,222 5.8% 8.0% -2.2% 6.1% 10.5% -4.4% 8.6% 14.5% -5.9% 9.9% 10.4% 12.9% 28.0% 20.0% 8.0% 35.1% 20.0% 15.1% 37.2% 20.0% 17.2% 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. The complete set of quartely financial 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