Gulf African Bank Quarterly Financial Statements and Other Disclosures -31 March 2017

Transcription

1. ���������������������������������������������������� STATEMENT OF FINANCIAL POSITION AS AT A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 ASSETS Cash (both Local & Foreign) Balances with Central Bank of Kenya Kenya Government & other Securities held for dealing purposes Financial Assets at Fair Value through Profit & Loss Investment Securities: (i) Held to Maturity: (a) Kenya Government Securities (b) Other Securities (ii) 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, Plant and Equipment Prepaid Lease Rentals Intangible Assets Deferred Tax Asset Retirement Benefit Asset Other Assets TOTAL ASSETS B 21 22 23 24 25 26 27 28 29 30 31 32 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 Group Companies Tax Payable Dividends Payable Deferred Tax Liability Retirement Benefit Liability Other liabilities TOTAL LIABILITIES C 33 34 35 36 37 38 39 40 SHAREHOLDERS’ FUNDS Paid Up/ Assigned Capital Share Premium (Discount) Revaluation Reserves Retained Earnings/Accumulated Losses Statutory Loan Reserves Other Reserves Proposed Dividends Capital Grants TOTAL SHAREHOLDERS’ FUNDS TOTAL LIABILITIES AND SHAREHOLDERS’ FUNDS BANK 31 March 31 December 2016 2016 Unaudited Audited Shs ‘000 Shs ‘000 31 March 2017 Unaudited Shs ‘000 GROUP 31 March 31 December 2016 2016 Unaudited Audited Shs ‘000 Shs ‘000 31 March 2017 Unaudited Shs ‘000 676,112 1,304,709 4,413,107 181,141 324 15,850,662 361,327 55,129 181,396 366,973 23,390,880 1,404,587 2,066,860 5,368,190 916,482 12,828 16,193,046 385,078 66,574 195,019 541,015 27,149,679 763,596 3,229,228 4,815,556 594,059 1,119 15,669,349 363,635 65,278 195,019 508,269 26,205,108 18,004,078 555,998 291,713 485,355 19,337,144 21,742,716 626,747 409,360 22,778,823 21,053,407 206,076 29,873 52,738 373,579 21,715,673 366,324 2,282,112 1,585,446 27,077 109,897 4,370,856 366,324 2,282,112 1,669,967 61,135 109,897 4,489,435 676,112 1,304,709 - 1,404,587 2,066,860 - 763,596 3,229,228 - - - - 4,413,107 181,141 15,850,662 5,368,190 916,482 12,267 16,193,046 4,815,556 594,059 558 15,669,349 1,000 361,301 51,234 180,590 378,667 23,398,523 1,000 385,056 63,458 195,019 550,299 27,156,264 1,000 363,612 62,356 195,019 518,734 26,213,067 18,011,159 555,998 21,754,942 626,747 21,065,954 206,076 29,873 291,713 484,175 19,343,045 398,868 22,780,557 52,738 363,032 21,717,673 366,324 2,282,112 366,324 2,282,112 366,324 2,282,112 1,360,200 46,842 1,590,297 27,077 1,675,927 61,135 109,897 109,897 4,055,478 4,375,707 4,495,395 366,324 2,282,112 1,358,458 46,842 4,053,736 23,398,523 27,156,264 26,213,068 23,390,880 27,149,679 26,205,108 2,175,954 339,573 2,515,527 500,829 82,557 583,386 STATEMENT OF COMPREHENSIVE INCOME FOR PERIOD ENDED PROFIT INCOME Financing arrangements Government Securities Deposits and Placements with Banking Institutions Other Profit Income Total Profit Income 556,123 159,919 2,175,954 339,573 500,829 82,557 716,042 2,515,527 583,386 556,123 159,919 716,042 PROFIT EXPENSE 5 Customer Deposits 6 Deposits and Placement from Banking Institutions 7 Other Profit Expenses Total Profit Expenses NET PROFIT INCOME 117,385 8,686 126,071 589,971 431,320 34,029 465,349 2,050,178 111,853 5,852 117,705 465,681 117,385 8,686 126,071 589,971 431,320 34,029 465,349 2,050,178 111,853 5,852 117,705 465,681 67,690 39,962 273,583 123,913 76,150 74,768 234 107,886 697,857 338 397,834 2,448,012 150,918 616,599 68,831 39,962 234 109,027 698,998 279,905 123,913 338 404,156 2,454,334 76,917 74,768 151,685 617,366 21,180 227,209 16,095 25,039 29,109 2,957 102,280 423,869 273,988 52,356 878,026 62,035 107,429 117,599 12,257 464,388 1,694,090 753,922 28,292 219,425 15,966 27,402 29,562 4,226 107,592 432,465 184,134 21,180 228,919 16,095 25,039 29,111 2,957 102,398 425,699 273,299 52,356 923,755 62,035 107,429 117,603 13,036 427,190 1,703,404 750,930 28,292 230,522 15,966 27,402 29,562 4,421 98,174 434,339 183,027 273,988 95,896 178,092 753,922 270,030 (14,429) 498,321 184,134 64,447 119,687 273,299 95,896 (207) 177,610 750,930 270,030 (13,830) 494,730 183,027 64,447 118,580 - - - - - - 178,092 498,321 119,687 177,610 494,730 118,580 1 2 3 4 8 9 10 11 12 OTHER OPERATING INCOME Fees and Commissions on Financing arrangements Other Fees and Commissions Foreign Exchange Trading Income (Loss) Dividend Income Other Income Total Other Operating Income TOTAL OPERATING INCOME OPERATING EXPENSES Financing arrangements Loss Provision Staff Costs Directors’ Emoluments Rental Charges Depreciation Charge on Property and Equipment Amortisation Charges Other Operating Expenses Total Operating Expenses Profit/(Loss) Before Tax and Exceptional Items 20 Exceptional Items Profit/(Loss) After Exceptional Items 21 Current tax 22 Deferred tax Profit/(Loss) After Tax and Exceptional Items 13 14 15 16 17 18 19 Other Comprehensive Income: 23 Gains/(Losses) from Translating the Financial Statements of Foreign Operations 24 Fair Value changes in Available-fo-sale Financial Assets 25 Revaluation Surplus on Property, Plant and Equipment 26 Share of other Comprehensive Income of Associates 27 Income Tax Relating to Components of other Comprehensive Income Other Comprehensive Income for the Year Net of Tax TOTAL COMPREHENSIVE INCOME FOR THE YEAR OTHER DISCLOSURES BANK 31 March 31 December 2016 2016 Unaudited Audited Shs ‘000 Shs ‘000 31 March 2017 Unaudited Shs ‘000 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 NON-PERFORMING FINANCING ARRANGEMENTS (a) Gross Non-Performing Financing arrangements (b) Less Profit in Suspense (c)Total Non-PerformingFinancing 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) 1,492,138 95,415 1,396,723 352,615 1,044,108 1,142,252 (98,144) 1,617,177 123,110 1,494,067 369,612 1,124,455 1,182,431 (57,976) 1,310,938 128,143 1,182,795 361,783 821,012 825,101 (4,089) 2.0 2.1 2.2 2.3 INSIDER FINANCING ARRANGEMENTS (a) Directors, Shareholders and Associates (b) Employees (c)Total Insider Financing arrangements and other facilities 512,032 542,090 1,054,122 585,038 670,651 1,255,689 560,248 679,558 1,239,806 3.0 3.1 3.2 3.3 3.4 OFF-BALANCE SHEET ITEMS (a) Letters of credit, Guarantees & Acceptances (b) Forwards Swaps & Options (c) Other Contingent Liabilities (d)Total Contingent Liabilities 765,150 1,106,703 114,512 1,986,365 1,010,058 1,129,489 278,636 2,418,183 1,213,943 1,685,758 130,997 3,030,698 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 4.10 4.11 4.12 4.13 4.14 4.15 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) 3,919,590 1,000,000 2,919,590 46,842 3,966,432 21,254,147 21.8% 8.0% 13.8% 18.4% 10.5% 7.9% 18.7% 14.5% 4.2% 4,238,733 1,000,000 3,238,733 27,077 4,265,810 22,788,106 19.5% 10.5% 9.0% 18.6% 10.5% 8.1% 18.7% 14.5% 4.2% 4,264,520 1,000,000 3,264,520 61,135 4,325,655 23,843,100 20.2% 8.0% 12.2% 17.9% 10.5% 7.4% 18.1% 14.5% 3.6% 32.4% 20.0% 12.4% 41.0% 20.0% 21.0% 37.4% 20.0% 17.4% 5.0 5.1 5.2 5.3 LIQUIDITY (a) Liquidity Ratio (b) Minimum Statutory Ratio (c) Excess/(Deficiency) (a-b) These financial statements are extracts of the books of the institution. The complete set of quarterly financial statements, statutory and other qualitative disclosures can be accessed in the institution’s website www.gulfafricanbank.com They may also be accessed at the institution’s head office at Geminia Insurance Plaza, Upperhill, Nairobi. Jamal Al Hazeem Chairman Abdalla Abdulkhalik Managing Director