First Security Islami Bank: Half Yearly Financial Statement - 30 June 2017

Transcription

1. Half Yearly Financial Statement June , 2017 Head Office
2. FIRST SECURITY ISLAMI BANK LIMITED CONSOLIDATED BALANCE SHEET (Un-audited) AS AT 30 JUNE 2017 30.06.2017 Taka PROPERTY AND ASSETS Cash In hand (Including Foreign Currencies) Balance with Bangladesh Bank and its Agent Bank(s) (Including foreign currencies) 31.12.2016 Taka 24,553,539,467 1,847,675,404 22,705,864,063 32,300,518,914 1,709,030,260 30,591,488,654 1,264,514,783 195,125,989 1,069,388,794 516,948,766 84,689,825 432,258,941 Placement with Banks & Other Financial Institutions 13,436,500,000 14,509,000,000 Investments in Shares & Securities Government Others 14,967,263,085 13,900,000,000 1,067,263,085 14,855,836,534 13,900,000,000 955,836,534 248,475,865,947 247,677,766,071 798,099,876 225,889,892,521 225,345,248,091 544,644,430 3,457,815,627 3,450,117,792 10,656,714,682 25,145,280 316,837,358,870 10,121,788,567 25,145,280 301,669,248,374 10,352,742,228 711,115,048 Deposits and Other Accounts Al-Wadia Current Deposits and Other Deposit Accounts Bills Payable Mudaraba Savings Deposits Mudaraba Term Deposits Other Mudaraba Deposits 275,473,229,444 26,235,388,476 1,918,397,596 21,914,679,610 176,992,749,353 48,412,014,409 274,224,785,993 15,946,290,541 1,477,937,977 18,421,853,013 188,431,972,412 49,946,732,050 Mudaraba Subordinated Bond Other Liabilities Total Liabilities Capital/Shareholders' equity Paid-up Capital Statutory Reserve Other Reserve Asset Revaluation Reserve Retained Earnings Total Shareholders' Equity 1,000,000,000 18,358,747,773 305,184,719,445 1,382,000,000 14,290,910,754 290,608,811,795 6,788,738,880 2,665,574,305 402,850,965 362,198,654 1,116,377,455 11,335,740,259 6,788,738,880 2,412,128,110 402,850,965 362,198,654 793,919,776 10,759,836,385 Non-controlling Interest Total Liabilities and Shareholders' Equity 316,899,166 316,837,358,870 300,600,194 301,669,248,374 Balance with other Banks and Financial Institutions In Bangladesh Outside Bangladesh Investments General Investment etc. Bills Purchased and Negotiated Fixed Assets Including Premises, Furniture & Intangible Assets Other Assets Non Banking Assets Total Assets LIABILITIES AND CAPITAL Liabilities Placement from Banks & Other Financial Institutions 1
3. FIRST SECURITY ISLAMI BANK LIMITED CONSOLIDATED BALANCE SHEET (Un-audited) AS AT 30 JUNE 2017 30.06.2017 Taka 31.12.2016 Taka OFF- BALANCE SHEET ITEMS Contingent Liabilities Acceptances and Endorsements Letters of Guarantee 23,972,782,749 21,750,937,662 6,080,141,267 6,317,021,800 Irrevocable Letters of Credit 5,211,807,070 4,335,806,257 Bills for Collection 1,352,849,324 1,165,010,799 36,617,580,410 33,568,776,518 Other Contingent Liabilities Total Other Commitments Documentary credits and short term trade related transactions - - Forward assets purchased and forward deposits placed - - Undrawn note issuance and revolving underwriting facilities - - Undrawn formal standby facilities, credit lines and other commitments Total - - Total Off -Balance Sheet Items Including Contingent Liabilities Head of FAD Company Secretary 36,617,580,410 Managing Director Dhaka, 23 July 2017 2 Director 33,568,776,518 Chairman
4. FIRST SECURITY ISLAMI BANK LIMITED CONSOLIDATED PROFIT AND LOSS ACCOUNT (Un-audited) FOR THE 2nd QUARTER ENDED 30 JUNE 2017 Jan-June '17 Taka Jan-June '16 Taka Apr-June '17 Taka Apr-June '16 Taka Investments Income Profit Paid on Deposits 13,784,343,447 (9,728,180,427) 12,904,355,761 (9,443,797,692) 7,032,140,623 (4,929,798,648) 6,510,511,843 (4,666,434,630) Net Investment Income 4,056,163,020 3,460,558,069 2,102,341,975 1,844,077,213 Income from Investment in shares & Securities Commission, Exchange and Brokerage Other Operating Income 49,569,223 314,281,304 371,178,809 (45,629,246) 164,684,473 192,022,837 15,968,611 178,417,472 249,327,552 (50,379,703) 75,492,343 134,734,657 735,029,336 311,078,064 443,713,635 159,847,297 Total Operating Income Less: Operating Expenses Salary and Allowances Rent, Taxes, Insurances, Electricity etc. Legal Expenses Postage, Stamps, Telecommunication etc. Stationery, Printings, Advertisements etc. Managing Director's Salary and Fees Auditors' Fees Directors' Fees Shariah Committee's Fees Depreciation and Repair of Bank's Assets Zakat Expenses Other Expenses 4,791,192,356 3,771,636,133 2,546,055,610 2,003,924,510 1,407,027,201 273,504,272 5,623,867 13,819,315 60,773,705 5,951,125 385,076 832,200 211,270,031 35,794,078 505,862,799 1,138,230,209 237,071,495 5,319,065 12,000,031 71,838,233 5,682,903 365,126 1,092,800 92,000 191,895,468 25,124,304 518,903,040 641,726,433 148,038,769 5,257,787 6,990,321 31,401,383 2,738,625 202,513 544,900 109,596,394 17,897,039 314,238,528 572,622,020 149,728,583 1,556,750 6,297,392 39,226,458 2,557,500 182,564 322,000 46,000 99,127,807 12,562,152 285,573,780 Total Operating Expenses 2,520,843,669 2,207,614,674 1,278,632,693 1,169,803,007 Profit before Provision and tax 2,270,348,687 947,500,000 2,849,570 950,349,570 1,319,999,117 1,564,021,459 391,000,000 (35,351,799) 355,648,201 1,208,373,258 1,267,422,917 617,500,000 (245,975) 617,254,025 650,168,892 834,121,504 202,000,000 (72,883,898) 129,116,102 705,005,402 727,796,271 504,373,595 406,991,766 270,893,957 727,796,271 504,373,595 406,991,766 270,893,957 592,202,846 793,919,776 1,386,122,622 703,999,663 555,733,247 1,259,732,909 243,177,126 1,005,538,314 1,248,715,440 434,111,444 724,749,633 1,158,861,077 253,446,195 16,298,972 269,745,167 1,116,377,455 0.87 242,287,878 (1,593,332) 342,409,037 583,103,583 676,629,326 1.04 124,550,095 7,787,890 132,337,985 1,116,377,455 0.36 141,846,996 (2,024,282) 342,409,037 482,231,751 676,629,326 0.64 Provisions for Investments including off-B/S items Provisions for diminution in value of investment in shares Total Provisions Total Profit before Taxes Provision for Taxation Net Profit after tax for the period Retained Earnings Brought Forward Appropriations: Statutory Reserve Non-Controlling Interest Cash Dividend Retained Earnings Carried Forward Earnings Per Share (EPS) Head of FAD Company Secretary Managing Director Dhaka, 23 July 2017 3 Director Chairman
5. FIRST SECURITY ISLAMI BANK LIMITED CONSOLIDATED CASH FLOW STATEMENT (Un-audited) FOR THE 2nd QUARTER ENDED 30 JUNE 2017 Jan-June, 2017 Taka A. Cash Flow from Operating Activities Investment Income Receipt Profit paid on Deposits Dividend Receipts Fees & Commission Receipt Payment to Employees Payment to Suppliers Income Tax Paid Receipts from Other Operating Activities Payment for other Operating Activities Jan-June, 2016 Taka 14,166,770,071 (7,638,791,017) 5,563,494 314,281,304 (1,412,978,326) (103,400,371) (713,415,305) 371,178,809 (787,723,853) 4,201,484,806 12,060,231,713 (7,980,083,330) 3,829,907 164,684,473 (1,143,913,112) (108,171,380) (446,516,603) 192,022,837 (763,187,602) 1,978,896,903 Investments to Customers Other Assets Deposits Received from Customers Other Liabilities (22,609,877,878) (238,626,084) 1,248,443,451 366,741,395 (21,233,319,116) (21,096,495,022) 745,508,420 13,302,385,150 373,475,288 (6,675,126,165) Net Cash Inflow from Operating Activities (17,031,834,310) (4,696,229,262) B. Cash Flow from Investing Activities Investment in Shares and Securities Purchase of Property, Plant and Equipment Sale of Property, Plant and Equipment Net Cash Inflow/(Outflow) from Investing Activities (111,426,551) (188,279,749) (299,706,300) (375,672,189) (315,951,417) (691,623,606) C. Cash Flow from Financing Activities Receipt/(Payment) of Mudaraba Subordinated Bond Increase/(Decrease) in Placement from Banks & Fls Dividend Paid in Cash Net Cash Inflow/(Outflow) from Financing Activities (382,000,000) 9,641,627,180 9,259,627,180 (382,000,000) 418,422,083 (342,409,037) (305,986,954) (8,071,913,430) 47,326,467,680 39,254,554,250 (5,693,839,822) 42,472,440,933 36,778,601,111 1,847,675,404 37,406,878,846 39,254,554,250 1,030,461,361 35,748,139,750 36,778,601,111 Operating Profit before changes in Operating Assets & Liabilities Increase /(Decrease) in Operating Assets & Liabilities D. Net Increase/Decrease of Cash & Cash Equivalent (A+B+C) Effect of Exchange Rate on Cash & Cash Equivalent E. Opening Cash & Cash Equivalent F. Closing Cash & Cash Equivalent (D+E) Cash in Hand (Including Foreign Currencies) Balance with Bangladesh Bank,other banks, FIS & Placement Head of FAD Dhaka, 23 July 2017 Company Secretary Managing Director 4 Director Chairman
6. FIRST SECURITY ISLAMI BANK LIMITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Un-audited) FOR THE 2nd QUARTER ENDED 30 JUNE 2017 Particulars Paid-up Capital Statutory Reserve Other Reserve Taka Taka Taka Assets Reval. Reserve Taka Retained Earnings Taka Non-Controlling Interest Taka Total Taka Balance as on 01 January 2017 6,788,738,880 2,412,128,110 402,850,965 362,198,654 793,919,776 300,600,194 11,060,436,579 Changes in Accounting Policy Restated Balance Surplus/Deficit on account of Revaluation of Properties Surplus/Deficit on account of Revaluation of Investments Net Gains and Losses not Recognized in the Income Statement 6,788,738,880 2,412,128,110 402,850,965 362,198,654 793,919,776 300,600,194 11,060,436,579 - - - - - - - - Net Profit for the period - Cash Dividends - Transfer to Statutory Reserve - - - - - - - - - - - - - - - - - - - - 253,446,195 Transfer to Other Reserve - - - Revaluation reserve to Other Reserve - - - - Noncontrolling Interest in Subsidiary Profit - - - - 592,202,846 (253,446,195) - 592,202,846 - - - - - - (16,298,972) 16,298,972 - Balance as on 30 June 2017 6,788,738,880 2,665,574,305 402,850,965 362,198,654 1,116,377,455 316,899,166 11,652,639,425 Balance as on 30 June 2016 6,788,738,880 2,144,534,671 75,556,891 372,259,728 676,629,326 296,386,515 10,354,106,010 Head of FAD Company Secretary Managing Director Dhaka, 23 July 2017 5 Director Chairman
7. FIRST SECURITY ISLAMI BANK LIMITED BALANCE SHEET (Un-audited) AS AT 30 JUNE 2017 30.06.2017 Taka PROPERTY AND ASSETS Cash In hand (Including foreign currencies) Balance with Bangladesh Bank and its agent bank(s) (Including foreign currencies) 31.12.2016 Taka 24,553,521,028 1,847,656,965 22,705,864,063 32,300,509,774 1,709,021,120 30,591,488,654 Balance with other Banks and Financial Institutions In Bangladesh Outside Bangladesh 1,262,159,520 192,770,726 1,069,388,794 514,632,409 82,373,468 432,258,941 Placement with Banks & other Financial Institutions 13,436,500,000 14,509,000,000 Investments in Shares & Securities Government Others 14,800,591,131 13,900,000,000 900,591,131 14,786,490,432 13,900,000,000 886,490,432 248,747,375,648 247,949,275,772 798,099,876 226,065,271,502 225,520,627,072 544,644,430 3,444,186,592 3,430,730,939 10,012,497,755 25,145,280 316,281,976,954 9,596,694,604 25,145,280 301,228,474,940 LIABILITIES AND CAPITAL Liabilities Placement from Banks & other Financial Institutions 10,352,742,228 711,115,048 Deposits and Other Accounts Al-Wadia Current Deposits and Other Deposit Accounts Bills Payable Mudaraba Savings Deposits Mudaraba Term Deposits Other Mudaraba Deposits 275,654,504,129 26,416,663,161 1,918,397,596 21,914,679,610 176,992,749,353 48,412,014,409 274,252,894,129 15,974,398,677 1,477,937,977 18,421,853,013 188,431,972,412 49,946,732,050 Mudaraba Subordinated Bond Other Liabilities Total Liabilities Capital/Shareholders' equity Paid-up Capital Statutory Reserve Other Reserve Assets Revaluation Reserve Retained Earnings Total Shareholders' Equity 1,000,000,000 18,013,824,164 305,021,070,521 1,382,000,000 14,180,498,968 290,526,508,145 6,788,738,880 2,665,574,305 402,850,965 362,198,654 1,041,543,629 11,260,906,433 6,788,738,880 2,412,128,110 402,850,965 362,198,654 736,050,186 10,701,966,795 Total Liabilities and Shareholders' Equity 316,281,976,954 301,228,474,940 Investments General Investment etc. Bills Purchased and Negotiated Fixed Assets Including Premises, Furniture & Intangible Assets Other Assets Non Banking Assets Total Assets 6
8. FIRST SECURITY ISLAMI BANK LIMITED BALANCE SHEET (Un-audited) AS AT 30 JUNE 2017 30.06.2017 Taka 31.12.2016 Taka OFF- BALANCE SHEET ITEMS Contingent Liabilities Acceptances and Endorsements Letters of Guarantee 23,972,782,749 21,750,937,662 6,080,141,267 6,317,021,800 Irrevocable Letters of Credit 5,211,807,070 4,335,806,257 Bills for Collection 1,352,849,324 1,165,010,799 36,617,580,410 33,568,776,518 Other Contingent Liabilities Total Other Commitments Documentary credits and short term trade related transactions - - Forward assets purchased and forward deposits placed - - Undrawn note issuance and revolving underwriting facilities - - Undrawn formal standby facilities, credit lines and other commitments - - Total - - 36,617,580,410 33,568,776,518 Total Off -Balance Sheet Items Including Contingent Liabilities Head of FAD Company Secretary Managing Director Dhaka, 23 July 2017 7 Director Chairman
9. FIRST SECURITY ISLAMI BANK LIMITED PROFIT AND LOSS ACCOUNT (Un-audited) FOR THE 2nd QUARTER ENDED 30 JUNE 2017 Investments Income Profit Paid on Deposits Net Investment Income Income from Investment in shares & Securities Commission, Exchange and Brokerage Other Operating Income Jan-June '17 Taka Jan-June '16 Taka Apr-June '17 Taka Apr-June '16 Taka 13,746,090,958 (9,728,180,427) 12,839,182,357 (9,443,797,692) 7,012,008,482 (4,929,798,648) 6,465,649,576 (4,666,434,630) 4,017,910,531 3,395,384,665 2,082,209,834 1,799,214,946 42,273,106 287,326,652 358,465,327 15,250,505 133,709,297 186,645,959 14,661,498 165,086,086 237,342,570 10,500,048 57,697,946 130,099,779 688,065,085 335,605,761 417,090,154 198,297,773 Total Operating Income Less: Operating Expenses Salary and Allowances Rent, Taxes, Insurances, Electricity etc. Legal Expenses Postage, Stamps, Telecommunication etc. Stationery, Printings, Advertisements etc. Managing Director's Salary and Fees Auditors' Fees Directors' Fees Shariah Committee's Fees Depreciation and Repair of Bank's Assets Zakat Expenses Other Expenses 4,705,975,616 3,730,990,426 2,499,299,988 1,997,512,719 1,396,743,568 270,726,674 5,623,867 13,625,225 60,620,463 5,951,125 365,126 607,200 205,390,533 35,794,078 497,117,329 1,129,633,677 234,639,373 5,319,065 11,915,796 71,731,253 5,682,903 365,126 792,800 92,000 186,242,770 25,124,304 483,863,770 637,120,343 146,660,329 5,257,787 6,926,451 31,316,271 2,738,625 182,563 432,400 106,682,682 17,897,039 308,251,114 568,714,107 148,422,062 1,556,750 6,254,573 39,163,575 2,557,500 182,563 322,000 46,000 96,317,033 12,562,152 274,563,325 Total Operating Expenses 2,492,565,188 2,155,402,837 1,263,465,604 1,150,661,640 Profit before Provision and tax 2,213,410,428 947,500,000 (1,320,547) 1,575,587,589 391,000,000 (26,851,799) 1,235,834,384 617,500,000 (4,416,092) Provisions for Investments including off-B/S items Provisions for diminution in value of investment in shares Total Provisions Total Profit before Taxes Provision for Taxation Net Profit after tax for the period Retained Earnings Brought Forward Appropriations: Statutory Reserve Other Reserve Cash Dividend Retained Earnings Carried Forward 946,179,453 364,148,201 613,083,908 137,616,102 1,267,230,975 1,211,439,388 622,750,476 709,234,977 708,291,337 504,188,028 395,467,003 270,992,345 708,291,337 558,939,638 736,050,186 1,294,989,824 504,188,028 707,251,360 500,590,957 1,207,842,317 395,467,003 227,283,473 938,810,251 1,166,093,724 270,992,345 438,242,632 669,158,803 1,107,401,434 253,446,195 253,446,195 242,287,878 342,409,037 584,696,915 124,550,095 124,550,095 141,846,996 342,409,037 484,256,033 1,041,543,629 623,145,402 1,041,543,629 623,145,402 0.82 1.04 0.33 0.65 Earnings Per Share (EPS) Head of FAD Company Secretary 846,851,079 202,000,000 (64,383,898) Managing Director Dhaka, 23 July 2017 8 Director Chairman
10. FIRST SECURITY ISLAMI BANK LIMITED CASH FLOW STATEMENT (Un-audited) FOR THE 2nd QUARTER ENDED 30 JUNE 2017 Jan-June, 2017 Taka A. Cash Flow from Operating Activities Investment Income Receipt Profit paid on Deposits Dividend Receipts Fees & Commission Receipt Payment to Employees Payment to Suppliers Income Tax Paid Receipts from Other Operating Activities Payment for other Operating Activities Jan-June, 2016 Taka 14,114,637,866 (7,638,791,017) 5,563,494 287,326,652 (1,402,694,693) (91,222,930) (713,415,305) 358,465,327 (787,700,295) 4,132,169,099 12,043,149,864 (7,980,083,330) 3,829,907 133,709,297 (1,135,316,580) (96,337,395) (446,516,603) 186,645,959 (736,987,930) 1,972,093,189 Investments to Customers Other Assets Deposits Received from Customers Other Liabilities (22,791,672,142) (27,935,089) 1,401,610,000 156,583,735 (21,261,413,496) (20,876,495,022) (71,221,300) 13,783,150,645 12,610,588 (7,151,955,089) Net Cash Inflow from Operating Activities (17,129,244,397) (5,179,861,900) B. Cash Flow from Investing Activities Investment in Shares and Securities Purchase of Property, Plant and Equipment Sale of Property, Plant and Equipment Net Cash Inflow/(Outflow) from Investing Activities (14,100,699) (188,243,719) (202,344,418) (521,829,079) (306,158,835) (827,987,914) C. Cash Flow from Financing Activities Receipt/(Payment) of Mudaraba Subordinated Bond Increase/(Decrease) in Placement from Banks & Fls Dividend Paid in Cash Net Cash Inflow/(Outflow) from Financing Activities (382,000,000) 9,641,627,180 9,259,627,180 (382,000,000) 1,037,359,905 (342,409,037) 312,950,868 (8,071,961,635) 47,324,142,183 39,252,180,548 (5,694,898,946) 42,470,442,048 36,775,543,102 Operating Profit before changes in Operating Assets & Liabilities Increase /(Decrease) in Operating Assets & Liabilities D. Net Increase/Decrease of Cash & Cash Equivalent (A+B+C) Effect of Exchange Rate on Cash & Cash Equivalent E. Opening Cash & Cash Equivalent F. Closing Cash & Cash Equivalent (D+E) Cash in Hand (Including Foreign Currencies) Balance with Bangladesh Bank,other banks, FIS & Placement Head of FAD Company Secretary Managing Director Dhaka, 23 July 2017 9 1,847,656,965 1,030,448,549 37,404,523,583 35,745,094,553 39,252,180,548 36,775,543,102 Director Chairman
11. FIRST SECURITY ISLAMI BANK LIMITED STATEMENT OF CHANGES IN EQUITY (Un-audited) FOR THE 2nd QUARTER ENDED 30 JUNE 2017 Particulars Balance as on 01 January 2017 Changes in Accounting Policy Restated Balance Surplus/Deficit on account of Revaluation of Properties Surplus/Deficit on account of Revaluation of Investments Net Gains and Losses not Recognized in the Income Statement Paid-up Capital Statutory Reserve Other Reserve Taka Taka Taka 6,788,738,880 2,412,128,110 6,788,738,880 402,850,965 2,412,128,110 402,850,965 Assets Reval. Reserve Taka 362,198,654 362,198,654 Retained Earnings Taka 736,050,186 736,050,186 Total Taka 10,701,966,795 10,701,966,795 - - - - - - - - - - - - - - - - - - Net Profit for the period - - - - Cash Dividends - - - - Transfer to Statutory Reserve - - - Transfer to Other Reserve - - Revaluation reserve to Other Reserve - - 253,446,195 558,939,638 (253,446,195) 558,939,638 - - - - Balance as on 30 June 2017 6,788,738,880 2,665,574,305 402,850,965 362,198,654 1,041,543,629 11,260,906,433 Balance as on 30 June 2016 6,788,738,880 2,144,534,671 75,556,891 372,259,728 623,145,402 10,004,235,572 Head of FAD Dhaka, 23 July 2017 Company Secretary Managing Director 10 Director Chairman
12. Selective Notes to the Financial Statements As at and for the 2nd quarter ended 30 June 2017 01 . Basis of Accounting The financial statements as at and for the 2nd quarter ended 30 June 2017 have been prepared in accordance with Bangladesh Accounting Standard (BAS)-34 “Interim Financial Reporting”, Bangladesh Financial Reporting Standard, Income Tax Ordinance 1984, Bangladesh Bank Circulars, the Securities and Exchange Rules 1987 and other laws and rules applicable in Bangladesh. 02. Accounting Policies In case of preparing these financial statements, the Accounting Policies which have been followed are same as applied in the financial statements of the Bank for preceding period. 03. Cash and Cash Equivalent As per BRPD circular no. 15 dated November 09, 2009 and BAS-7, cash and cash equivalents include notes and coins in hand, balances lying with ATM, unrestricted balance held with Bangladesh Bank and its agent Bank, balance with other Banks and Financial Institutions, Placement with Banks and other Financial Institutions. 04. Basis of Consolidation The consolidated financial statements have been prepared in accordance with Bangladesh Financial Reporting Standards 10-“Consolidated Financial Statements”. The Consolidated Financial Statements are prepared as at and for the 2nd quarter ended 30 June 2017. All intra-group transactions, balances, income and expenses are eliminated at the time of consolidation. 05. Provisions a) General Investments and Investment in Shares & Securities Provision for general investment and investment in shares & securities has been made as per directives of Bangladesh Bank issued from time to time. b) Taxation Provision for income tax has been made on taxable income after necessary add back in accordance with the provisions of Finance Act 2016, Income Tax Ordinance 1984 and other relevant legislation as applicable. 06. Depreciation on Property, Plant and Equipment As required in paragraph 43 of IAS 16-Property, Plant and Equipment, depreciation has been charged at the reducing balance method, except on motor vehicles and building on which straight-line method is applied. Depreciation on addition to fixed assets is charged when the asset is available for use and the charge of depreciation is ceased after the asset is sold out/disposed off/fully depreciated. 07. Retirement Benefits of Employees Required in BAS-19 Employee Benefit, provident fund and gratuity benefits are given to eligible staff of the bank in accordance with the locally registered rules and the entity shall disclose the amount recognized as an expense for defined contribution plan. 08. Others Figures relating to previous year/period included in this period have been rearranged wherever considered necessary. 11