| |
|
|
|
|
| |
|
2,022 |
|
2,021 |
| |
Note |
AED’000 |
|
AED’000 |
| |
|
|
|
|
| Interest income and income from Islamic financing and investing assets |
10 |
193,317 |
|
180,945 |
| Interest expense and profit distributable to depositors |
10 |
(55,069) |
|
(43,749) |
| |
|
————————- |
|
————————- |
| Net interest income and income from Islamic financing and investing assets |
10 |
138,248 |
|
137,196 |
| |
|
————————- |
|
————————- |
| Fee and commission income |
11 |
31,079 |
|
29,251 |
| Fee and commission expenses |
11 |
(12,768) |
|
(13,388) |
| |
|
————————- |
|
————————- |
| Net fee and commission income |
11 |
18,311 |
|
15,863 |
| |
|
————————- |
|
————————- |
| |
|
|
|
|
| Net insurance premium earned |
|
134,666 |
|
129,840 |
| Net commission paid |
|
(5,634) |
|
(9,705) |
| Net insurance claims incurred |
|
(89,712) |
|
(66,636) |
| Other underwriting expenses |
|
(6,173) |
|
(11,608) |
| |
|
————————- |
|
————————- |
| Net insurance income |
|
33,147 |
|
41,891 |
| |
|
————————- |
|
————————- |
| |
|
|
|
|
| Net investment income |
12 |
12,363 |
|
25,008 |
| Credit impairment loss on loans and advances |
19 |
(44,009) |
|
(52,892) |
| Credit impairment reversal / (loss) on Islamic financing and investing assets |
|
5,721 |
|
(200) |
| 20 |
| Other operating income – net |
13 |
26,258 |
|
26,534 |
| |
|
————————- |
|
————————- |
| Net operating income |
|
190,039 |
|
193,400 |
| |
|
————————- |
|
————————- |
| |
|
|
|
|
| Salaries and employees related expenses |
14 |
(109,561) |
|
(102,846) |
| Depreciation of property, fixtures and equipment |
24 |
(9,154) |
|
(13,450) |
| Interest on lease liabilities |
|
(5) |
|
(23) |
| General and administrative expenses |
15 |
(46,266) |
|
(51,417) |
| |
|
————————- |
|
————————- |
| Operating profit for the year |
|
25,053 |
|
25,664 |
| |
|
————————- |
|
————————- |
| Share of losses of equity accounted investees |
21 |
(4,268) |
|
(2,906) |
| |
|
————————- |
|
————————- |
| Profit for the year |
|
20,785 |
|
22,758 |
| |
|
————————- |
|
————————- |
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
| |
|
|
|
|
| |
|
|
|
|
| |
|
2,022 |
|
2,021 |
| |
Note |
AED’000 |
|
AED’000 |
| |
|
|
|
|
| Profit for the year |
|
20,785 |
|
22,758 |
| |
|
|
|
|
| Other comprehensive income: |
|
|
|
|
| Items that will not be reclassified to profit or loss: |
| Equity investments at FVOCI – net change in fair value |
|
(19,073) |
|
59,954 |
| Items that are reclassified subsequently to profit or loss: |
|
|
|
|
| Debt investments at FVOCI – net change in fair value |
|
(11,083) |
|
1,083 |
| |
|
————————- |
|
————————- |
| Other comprehensive (loss) / income for the year |
|
(30,156) |
|
61,037 |
| |
|
————————- |
|
————————- |
| Total comprehensive (loss) / income for the year |
|
(9,371) |
|
83,795 |
| |
|
============= |
|
============= |
| |
|
|
|
|
| Profit attributable to: |
|
16,562 |
|
15,484 |
| Equity holders of the parent |
| Non-controlling interests |
|
4,223 |
|
7,274 |
| |
|
————————- |
|
————————- |
| |
|
20,785 |
|
22,758 |
| |
|
============= |
|
============= |
| Total comprehensive income attributable to: |
|
|
|
|
| Equity holders of the parent |
|
(13,282) |
|
72,677 |
| Non-controlling interests |
|
3,911 |
|
11,118 |
| |
|
————————- |
|
————————- |
| |
|
(9,371) |
|
83,795 |
| |
|
============= |
|
============= |
| Basic and diluted loss per share |
|
|
|
|
| attributable to ordinary shares (AED) |
16 |
(0.01) |
|
(0.01) |
| |
|
============= |
|
============= |
