Consolidated Statement of Changes in Equity

Consolidated statement of changes in equity

    Share

capital

  Treasury

shares

  Employees’

share-based

payment

scheme

  Statutory

reserve

  Cumulative

changes in

fair value

  Retained

earnings

  Proposed

directors’

remuneration

   

 

 

Tier 1 Sukuk

  Attributable

to shareholders

of the parent

company

  Non

 controlling

interests

  Total
  Note AED’000   AED’000   AED’000   AED’000   AED’000   AED’000   AED’000   AED’000   AED’000   AED’000   AED’000
2018
Balance at 1 January 2018   310,050 (21,402) (1,750) 146,185 (6,305) 117,349 3,090 283,550 830,767 72,432   903,199
Change  on Initial  application of IFRS9 (Note 2.3)   (66,361) (66,361)   (66,361)
Restated balance at 1st January 2018   310,050 (21,402) (1,750) 146,185 (6,305) 50,988 3,090 283,550 764,406 72,432 836,838
Profit for the year   11,825 11,825 6,015   17,840
Change in fair value of investments carried at fair value through other comprehensive income   (41,165) (41,165) (1,264)   (42,429)
Loss on disposal of investments carried at fair value through other comprehensive income   2,780 (2,780) 93   93
Directors’ remuneration paid   (3,090) (3,090)   (3,090)
Proposed directors’ remuneration   (1,064) 1,064  
Cash dividends paid 19 (15,141) (15,141)   (15,141)
Transfer to statutory reserve 1,182 (1,182)  
Purchase of treasury shares 20  
Elimination of Tier I Sukuk held by subsidiaries  

9

(2,050) (2,050)   (2,050)
Increase (decrease) in non- Treasury shares (1,388)   (1,388)
Tier I Sukuk coupon paid   (22,500) (22,500)   (22,500)
Balance at 31 December 2018  
310,050
 
(21,402)
 
(1,750)
 
147,367
 
(44,690)
 
20,146
 
1,064
 
281,500
 
692,285
 
75,888
 
768,173


    Share

capital

  Treasury

shares

  Employees’

share-based

payment

scheme

  Statutory

reserve

  Cumulative

changes in

fair value

  Retained

earnings

  Proposed

directors’

remuneration

   

 

 

Tier 1 Sukuk

  Attributable

to shareholders

of the parent

company

  Non

 controlling

interests

  Total
  Note AED’000   AED’000   AED’000   AED’000   AED’000   AED’000   AED’000   AED’000   AED’000   AED’000   AED’000
2017
Balance at 1 January 2017   310,050 (12,587) (1,750) 142,752 17,493 133,327 1,976 288,700 879,961 73,791   953,752
Profit for the year   34,330            34,330 (1,716)   32,614
Change in fair value of investments carried at fair value through other comprehensive income   (26,913)          (26,913) (334)   (27,247)
Loss on disposal of investments carried at fair value through other comprehensive income   3,115 (3,115) 691   691
Directors’ remuneration paid   (1,976) (1,976)   (1,976)
Proposed directors’ remuneration (3,090) 3,090  
Cash dividends paid 19 (18,170) (18,170)   (18,170)
Transfer to statutory reserve 3,433 (3,433)  
Purchase of treasury shares  

20

(8,815) (8,815)   (8,815)
Elimination of Tier I Sukuk held by subsidiaries  

 

9

(5,150) (5,150)   (5,150)
Tier I Sukuk coupon paid   (22,500) (22,500)   (22,500)
Balance at 31 December 2017  
310,050
 
(21,402)
 
(1,750)
 
146,185
 
(6,305)
 
117,349
 
3,090
 
283,550
 
830,767
 
72,432
 
903,199