Imperial Bank Financial Statements - 2Q 2015

Transcription

1. Head Office , Imperial Court, Westlands, Tel: 020 287 4000, info@imperialbank.co.ke, www.imperialbankgroup.com QUARTERLY FINANCIAL STATEMENTS AND OTHER DISCLOSURES FOR THE PERIOD ENDED 30TH JUNE 2015 GROUP BANK 30 th - Jun -14 31st - Dec -14 31st - Mar -15 30 th - Jun-15 Shs. ‘000’ Shs. ‘000’ Shs. ‘000’ Shs. ‘000’ Unaudited Audited Unaudited Unaudited 1. 1.0 1.1 1.2 1.3 1.4 1.5 30 th - Jun -14 31st - Dec -14 Shs. ‘000’ Shs. ‘000’ Unaudited Audited GROUP BANK 30 th - Jun -15 Shs. ‘000’ Unaudited STATEMENT OF FINANCIAL POSITION 30 th - Jun -14 31st - Dec -14 31st - Mar -15 30 th - Jun -15 30 th - Jun -14 31st - Dec -14 30 th - Jun -15 Shs. ‘000’ Shs. ‘000’ Shs. ‘000’ Shs. ‘000’ Shs. ‘000’ Shs. ‘000’ Shs. ‘000’ Unaudited Audited Unaudited Unaudited Unaudited Audited Unaudited II. STATEMENT OF COMPREHENSIVE INCOME 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 ASSETS Cash (both local & foreign) 447,185 Balances due from Central Banks 2,315,364 Kenya Government and other securities held for dealing purposes Financial assets at fair value through profit and loss Investment securities: a) Held to Maturity: 5,877,658 i. Kenya Government securities 5,877,658 ii. Other securities 7,077,882 b) Available for sale: i. Kenya Government securities 7,077,882 ii. Other securities Deposits and balances due from local banking institutions 12,571 Deposits and balances due from banking institutions abroad 70,941 Tax recoverable 8,987 Loans and advances to customers (net) 30,527,447 Balances due from banking institutions in the group Investments in associates Investments in subsidiary companies 871,972 Investments in joint ventures Investment properties Property and equipment 502,374 Prepaid lease rentals Intangible assets 252,761 Deferred tax asset 176,006 Retirement benefit asset Other assets 811,397 TOTAL ASSETS 48,952,545 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 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 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10 3.11 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 455,056 486,443 511,045 6,017,704 3,091,296 4,497,975 578,865 537,462 3,094,850 6,743,386 445,869 694,231 5,178,638 5,810,644 6,199,140 6,287,513 6,302,765 6,759,209 5,810,644 6,199,140 6,287,513 5,877,658 6,531,251 425,107 227,958 9,405,440 9,976,226 9,742,872 7,077,882 9,518,650 9,405,440 9,976,226 9,742,872 7,077,882 9,518,650 7,343,913 6,287,513 1,056,400 9,742,872 9,742,872 288,585 41,941 1,025,416 2,412,158 1,425,727 2,416,932 1,149,432 112,349 157,997 1,050,888 1,378,078 417,761 100,225 100,225 100,225 8,987 100,225 112,986 30,997,838 36,021,869 36,266,564 34,714,179 36,071,211 41,500,484 858,174 900,140 955,580 512,576 490,366 474,309 646,296 656,934 587,483 245,254 192,102 347,004 192,101 343,377 192,101 290,531 273,539 283,708 335,377 374,612 321,139 566,331 843,692 1,021,730 894,287 766,697 1,642,642 56,599,361 58,802,792 61,576,704 57,791,096 64,576,664 70,333,693 39,084,153 47,147,812 46,000,559 50,212,048 46,936,502 54,234,728 58,108,616 2,198,752 1,046,451 2,814,703 1,165,217 2,815,912 1,423,540 1,345,089 713,556 478,928 323,214 442,108 715,391 478,928 442,108 75,000 562,500 562,500 223,701 76,309 25,000 9,211 75,000 562,500 3,608 77,446 25,000 559,966 431,932 488,450 488,834 775,651 632,491 892,063 42,631,427 49,130,123 50,413,127 52,947,016 51,327,667 56,794,687 61,431,430 1,248,400 1,248,400 1,748,400 1,748,400 1,248,400 1,248,400 1,748,400 (149,035) (22,554) (124,095) (361,742) (149,035) (22,555) (361,742) 5,101,366 6,173,526 6,638,020 7,113,707 4,881,415 5,910,244 6,852,049 120,387 69,866 127,340 129,323 120,387 187,166 206,131 (7,951) (26,038) ( 51,030) 6,321,118 7,469,238 8,389,665 8,629,688 6,093,216 7,297,217 8,393,807 370,213 484,760 508,456 48,952,545 56,599,361 58,802,792 61,576,704 57,791,096 64,576,664 70,333,693 4.0 4.1 4.2 4.3 4.4 4.5 INTEREST INCOME Loans and advances Government securities Deposits and placements with banking institutions Other interest income Total interest income 5.0 5.1 5.2 5.3 5.4 5.5 INTEREST EXPENSE Customer deposits Deposits and placement from banking institutions Other interest expenses Total interest expenses NET INTEREST INCOME/(LOSS) 6.0 6.1 6.2 6.3 6.4 6.5 6.6 6.7 NON-INTEREST INCOME Fees and commissions on loans and advances Other fees and commissions Foreign exchange trading income/(Loss) Dividend income Other income Total non-interest income TOTAL OPERATING INCOME 7.0 7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9 7.10 7.11 7.12 7.13 7.14 7.15 7.16 OTHER OPERATING EXPENSES Loan loss provision 91,514 Staff costs 487,714 Directors' emoluments 43,984 Rental charges 147,417 Depreciation charge on property and equipment 87,270 Amortisation charges 18,982 Other operating expenses 503,721 Total other operating expenses 1,380,602 Profit/(loss) before tax and exceptional items 1,204,067 Exceptional items Profit/(loss) after exceptional items 1,204,067 Current tax 361,220 Deferred tax Profit/(loss) after tax and exceptional items 842,847 Other comprehensive income Gains/(Losses) from translating the financial statements of foreign operations Fair value changes in available for sale financial assets 59,700 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 59,700 Total comprehensive income for the year 902,547 7.17 7.18 7.19 7.20 7.21 7.22 8.0 EARNINGS PER SHARE - BASIC & DILUTED 9.0 DIVIDEND PER SHARE - DECLARED 2,695,435 5,443,737 1,333,690 2,696,798 2,975,538 6,012,426 3,016,083 574,862 1,273,307 399,726 809,587 613,434 1,366,639 878,998 967 1,777 4,811 9,239 43,412 66,873 21,187 50,159 114,856 37,145 88,501 60,171 148,151 98,255 3,321,423 6,833,677 1,775,372 3,604,125 3,692,555 7,594,089 4,014,523 1,140,278 2,232,895 151,803 264,283 540,252 1,007,816 1,323,060 2,620,294 1,186,402 40,209 128,009 158,714 285,436 141,540 4,685 19,610 19,610 1,292,081 2,497,178 585,146 1,155,435 1,481,775 2,905,730 1,347,552 2,029,342 4,336,499 1,190,226 2,448,690 2,210,780 4,688,359 2,666,971 124,637 260,472 163,856 165,693 644,459 322,092 97,094 135,598 100,334 139,213 285,702 210,549 149,363 298,145 192,941 177,720 756,937 380,713 165,232 331,973 247,627 6,362 8,187 7,786 9,110 6,362 8,187 9,110 555,327 1,140,431 340,812 644,574 646,812 1,323,557 753,942 2,584,669 5,476,930 1,531,038 3,093,264 2,857,592 6,011,916 3,420,913 178,954 1,098,157 78,459 296,505 172,567 36,028 927,675 2,788,345 2,688,585 86,413 241,922 90,596 283,260 578,390 611,112 15,055 52,065 45,308 77,259 155,079 174,846 41,588 81,625 110,180 11,396 23,810 21,831 270,398 532,308 568,359 785,369 1,665,199 1,622,233 745,669 1,428,065 1,235,359 2,688,585 640,190 (16,096) 2,064,491 745,669 1,428,065 1,235,359 2,609,832 1,432,033 223,701 428,420 376,892 656,073 429,610 (63,703) 521,968 999,645 858,467 2,017,462 1,002,423 186,180 (101,540) (339,187) 186,180 (101,540) (339,187) 2,250,671 420,428 660,458 1,654 160 (12,521) 59,700 242,191 277,528 1,306,145 730,207 136,497 53,540 354,584 186,230 216,778 101,205 41,981 26,576 1,103,908 613,595 3,402,084 1,988,880 2,609,832 1,432,033 (40,322) (86,479) 186,180 (339,187) 47,179 145,858 905,646 2,163,320 (425,666) 576,757 1,616 160 The above financial statements are extracts from the books of the institution. The complete set of quarterly financial statements, statutory and qualitative disclosures can be accessed on the institution’s website www.imperialbankgroup.com They may also be accessed at the institution’s Head Office located at Imperial Court Building, along Westlands Road, Nairobi. ALNASHIR POPAT CHAIRMAN ABDULMALEK JANMOHAMED GROUP MANAGING DIRECTOR III. OTHER DISCLOSURES 10.0 10.1 10.2 10.3 10.4 10.5 10.6 10.7 NON-PERFORMING LOANS AND ADVANCES (a) Gross non-performing loans and advances (b) Less: interest in suspense (c) Total non-performing loans and advances (a-b) (d) Less: loan loss provision (e) Net non-performing loans and advances(c-d) (f) Discounted value of securities (g) Net NPLs exposure (e-f) 1,765,494 174,561 1,590,932 589,318 1,001,614 832,036 169,578 11.0 11.1 11.2 11.3 INSIDER LOANS AND ADVANCES (a) Directors, Shareholders and Associates (b) Employees (c) Total insider loans & advances & other facilities 1,552,196 1,468,079 1,687,275 1,733,860 1,562,596 1,482,733 1,857,142 394,044 467,989 483,762 520,043 404,767 476,368 530,239 1,946,240 1,936,068 2,171,037 2,253,903 1,967,362 1,959,101 2,387,382 12.0 12.1 12.2 12.3 12.4 OFF-BALANCE SHEET ITEMS (a) Letters of credit,guarantees, acceptances (b) Forwards, swaps and options (c) Other contingent liabilities (d) Total contingent liabilities 6,092,926 6,740,233 6,776,240 6,559,926 6,642,739 7,047,830 7,370,387 867 11,448 1,436 867 1,436 1,503,395 3,593,320 1,473,406 1,543,024 2,027,952 4,234,657 2,112,106 7,597,188 10,333,553 8,261,094 8,104,386 8,671,558 11,282,487 9,483,929 13.0 13.1 13.2 13.3 13.4 13.5 13.6 13.7 13.8 13.9 13.10 13.11 13.12 13.13 13.14 13.15 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 deposits 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) 5,056,371 1,000,000 4,056,371 120,387 5,176,758 40,853,524 12.0% 8.0% 4.0% 12.4% 8.0% 4.4% 12.7% 12.0% 0.7% 6,563,752 1,000,000 5,563,752 69,866 6,633,618 43,219,474 13.5% 8.0% 5.5% 15.2% 8.0% 7.2% 15.3% 12.0% 3.3% 7,225,296 1,000,000 6,225,296 689,840 7,915,136 49,836,520 14.7% 8.0% 6.7% 14.5% 10.5% 4.0% 15.9% 14.5% 1.4% 7,406,705 1,000,000 6,406,705 691,823 8,098,528 49,950,321 14.3% 8.0% 6.3% 14.8% 10.5% 4.3% 16.2% 14.5% 1.7% 14.0 14.1 14.2 14.3 LIQUIDITY (a) Liquidity ratio (b) Minimum statutory ratio (c) Excess (Deficiency) (a-b) 31.9% 20.0% 11.9% 44.2% 20.0% 24.2% 35.7% 20.0% 15.7% 40.7% 20.0% 20.7% 2,020,286 172,856 1,847,430 655,952 1,191,478 1,033,879 157,599 2,232,180 176,849 2,055,331 689,274 1,366,057 1,120,089 245,968 2,259,959 177,123 2,082,836 830,602 1,252,234 1,114,414 137,820 2,003,893 196,207 1,807,687 693,998 1,113,688 1,113,688 2,196,534 188,469 2,008,065 699,985 1,308,080 1,193,787 114,293 2,434,264 187,638 2,246,625 841,748 1,404,878 1,404,878 As East Africa’s first financial institution to sign the Children’s Rights and Business Principles, we are committed to championing and fulfilling children's rights. We have worked closely with our development partners to position the bank as a child-friendly institution and have developed a framework and guidelines to enhance child participation in the bank's activities as well as facilitate our engagement with children in our communities. We strongly believe that it is the responsibility of every corporate citizen to protect the rights of children. Find out more on www.imperialbankgroup.com.