 |
|
|
|
For the year ended 31 December 2002 |
|
2001
US$
|
|
2002
US$ |
|
|
Notes |
|
2002
RO |
|
2001
RO
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
57,803,434 |
|
388,393,914 |
|
Cash and balances with Central
banks |
4 |
|
149,531,657 |
|
22,254,322 |
|
176,881 |
|
74,588 |
|
Trading
investments |
|
|
28,717 |
|
68,099 |
|
243,550,608 |
|
169,894,818 |
|
Placements with banks |
5 |
|
65,409,505 |
|
93,766,984 |
|
2,852,120,829 |
|
3,183,974,499
|
|
Loans
and advances |
6 |
|
1,225,830,182 |
|
1,098,066,519 |
|
281,421,016 |
|
192,603,708 |
|
Non
trading investments |
7 |
|
74,152,427 |
|
108,347,091 |
|
19,498,160 |
|
25,343,798 |
|
Tangible
fixed assets |
8 |
|
9,757,362 |
|
7,506,792 |
|
42,717,763 |
|
46,040,282 |
|
Other
assets |
9 |
|
17,725,509 |
|
16,446,339 |
|
3,497,288,691 |
|
4,006,325,607 |
|
|
|
|
1,542,435,359
|
|
1,346,456,146 |
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES
AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
585,613,530 |
|
596,223,457 |
|
Deposits
from banks |
10 |
|
229,546,031 |
|
225,461,209 |
|
2,120,267,337 |
|
2,502,134,332 |
|
Customers'
deposits |
11 |
|
963,321,718 |
|
816,302,925 |
|
191,552,369 |
|
247,977,273 |
|
Certificates
of deposit |
|
|
95,471,250 |
|
73,747,662 |
|
87,105,050 |
|
104,882,196 |
|
Other
liabilities |
12 |
|
40,379,646 |
|
33,535,444 |
|
8,744,007 |
|
16,501,308 |
|
Taxation |
13 |
|
6,353,003 |
|
3,366,443 |
|
173,793,699 |
|
140,287,205 |
|
Subordinated
liabilities |
14 |
|
54,010,574 |
|
66,910,574 |
|
3,167,075,992 |
|
3,608,005,771 |
|
|
|
|
1,389,082,222 |
|
1,219,324,257 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
EQUITY |
|
|
|
|
|
|
118,279,169 |
|
127,370,078 |
|
Share
Capital |
15 |
|
49,037,480 |
|
45,537,480 |
|
460,078 |
|
11,641,896 |
|
Share
Premium |
15 |
|
4,482,130 |
|
177,130 |
| - |
|
6,368,503 |
|
Proposed issue of bonus
shares |
15 |
|
2,451,874 |
|
- |
|
70,384,044 |
|
70,389,610 |
|
Convertible bonds |
16 |
|
27,100,000 |
|
27,097,857 |
|
29,563,836 |
|
40,259,940 |
|
General
reserve |
17 |
|
15,500,077 |
|
11,382,077 |
|
56,160,652 |
|
56,160,652 |
|
Legal
reserve |
17 |
|
21,621,851 |
|
21,621,851 |
|
2,141,569 |
|
3,155,117 |
|
Revaluation
reserve |
8 |
|
1,214,720 |
|
824,504 |
|
38,322,078 |
|
38,015,584 |
|
Subordinated
loan reserve |
18 |
|
14,636,000 |
|
14,754,000 |
|
12,737,008 |
|
19,105,513 |
|
Proposed dividends |
32 |
|
7,355,622 |
|
4,903,748 |
|
2,164,265 |
|
25,852,943 |
|
Retained
profit |
|
|
9,953,383 |
|
833,242 |
|
330,212,699 |
|
398,319,836 |
|
|
|
|
153,353,137 |
|
127,131,889 |
|
3,497,288,691 |
|
4,006,325,607 |
|
|
|
|
1,542,435,359 |
|
1,346,456,146 |
|
|
|
|
|
|
|
|
|
|
|
|
893,943,857 |
|
845,982,057 |
|
Letters of credit,
acceptances, guarantees and other obligations on behalf of
customers |
20 |
|
325,703,092 |
|
344,168,385 |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
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|
|
Chairman |
Sheikh AbdulMalik bin Abdullah Al Khalili
|
|
|
|
Director |
Sheikh Khalid bin Mustahail Al Mashani |
|
|
|
Chief
Executive |
Abdulrazak
bin Ali bin Issa |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
financial statements were authorised for issue in
accordance with a resolution of the directors on 13 March
2003.
The attached notes 1 to 38 form part of these financial
statements. |
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|
