Consolidated Statement of Financial Position

Consolidated Statement of Financial Position

 

As at 31 December

Note 2018   2017
    AED’000   AED’000
         
ASSETS
Cash balances 4 17,599 17,437
Due from banks 4 512,563 701,032
Investments carried at fair value through other comprehensive income 5 560,578 716,341
Investments carried at fair value through profit or loss 5 161,384 176,358
Investments carried at amortised cost 5 1,837 81,654
Loans and advances 6 2,300,504 2,335,801
Islamic financing and investing assets 7 142,614 173,370
Investment in an associate 8 50,485 51,720
Interest receivable and other assets 12 236,489 208,200
Property, fixtures and equipment 10 24,532 13,890
Intangibles 11 6,705 6,966
Investment properties 28 79,478 82,070
Total assets  
4,094,768
 
4,564,839
     
EQUITY AND LIABILITIES  
EQUITY  
Share capital 16 310,050 310,050
Treasury shares 20 (21,402) (21,402)
Employees’ share-based payment scheme 17 (1,750) (1,750)
Statutory reserve 18 147,367 146,185
Cumulative changes in fair value of investments carried at fair value through other comprehensive income (44,690) (6,305)
Retained earnings 20,146 117,349
Tier 1 Sukuk 9 281,500 283,550
Proposed directors’ remuneration

1,064

3,090

  692,285 830,767
Non-controlling interests 3

75,888

72,432

Net equity

768,173

 

903,199

   


 

As at 31 December

Note 2018   2017
    AED’000   AED’000
LIABILITIES  
Customers’ deposits and margin accounts 13 2,747,275 2,950,544
Due to banks and other financial institutions 4 15,014 23,831
Short term borrowings 14 27,600 266,410
Medium term loans 14 183,335 120,834
Interest payable and other liabilities 15 339,291 286,397
Provision for employees’ end of service benefits

14,080

13,624

Total liabilities

3,326,595

3,661,640

Total equity and liabilities

4,094,768

4,564,839

Commitments and contingent liabilities 21

1,544,002

1,950,461

 

 

These consolidated financial statements were approved and authorised for issue by the Board of Directors on 13 February 2019 and were signed on its behalf by:

………………………………                                                                                                 ………………………………

Mr. Mohammed Alqubaisi                                                                   Mr. Hamid Taylor

CHAIRMAN                                                                                            GENERAL MANAGER