31.1 Products and services from which reportable segments derive their revenues

Information regarding the Group’s reportable segments is presented below:


Scroll Right & Left to View More Details

  Year ended 31 December 2017
  Commercial and retail financing

Investment

Islamic financing and investing

Construction

Brokerage

Insurance   Unallocated   Total
  AED’000   AED’000   AED’000   AED’000   AED’000   AED’000 AED’000 AED’000
Interest income and income from Islamic financing and investing assets 202,122   6,467   21,515     12,043   2,752     244,899
Interest expense and profit distributable to depositors (55,723)   (10,392)   (2,839)     (5,080)       (74,034)
Net income from perpetual instruments   25,773             25,773
Net fee and commission income 38,123     3,633     5,724       47,480
Net insurance income           12,681     12,681
Gain on fair valuation of investment property   (6,000)             (6,000)
Gain in disposal of subsidiary   15,001             15,001
Reversal of impairment charges on loans and advance 5,300               5,300
Net investment income   (1,159)             (1,159)
Share of results of an associate   1,243             1,243
Other operating income 8,065   7,494         2,493     18,052
Total operating income
197,887
 
38,427
 
22,309
 
 
12,687
 
17,926
 
 
289,236
Depreciation of property, fixtures and equipment   (178)   (776)     (571)   (950)   (4,695)   (7,170)
Other expenses and charges

(75,784)

 

(10,364)

 

(14,930)

 

 

(8,181)

 

(30,668)

 

(63,897)

 

(203,824)

Total expenses and other charges (75,784)   (10,542)   (15,706)     (8,752)   (31,618)   (68,592)   (210,994)
Profit for the year before impairment
122,103
 
27,885
 
6,603
 
 
3,935
 
(13,692)
 
(68,592)
 
78,242
Net impairment charges on loans and advances (48,736)               (48,736)
Net impairment charges on Islamic financing and investing assets     (12,523)           (12,523)
Profit(loss)  for the year after impairment
73,367
 
27,885
 
(5,920)
 
 
3,935
 
(13,692)
 
(68,592)
16,983
Income from assets classified as held for sale

 

15,631

 

 

 

 

 

 

15,631

Net Profit (loss)  for the year

73,367

 

43,516

 

(5,920)

 

 

3,935

 

(13,692)

 

(68,592)

 

32,614

Segmental assets

2,266,402

 

1,612,188

 

227,028

 

 

205,221

 

254,000

 

 

4,564,839

Segmental liabilities

2,225,109

 

1,005,166

 

144,252

 

 

124,608

 

162,505

 

 

3,661,640

Additions to non-current assets during the year

 

2

 

18

 

 

45

 

1,299

 

5,227

 

6,591

 

 



  Year ended 31 December 2016
  Commercial and retail financing

Investment

Islamic financing and investing

Construction

Brokerage

Insurance   Unallocated   Total
  AED’000   AED’000   AED’000   AED’000   AED’000   AED’000 AED’000 AED’000
           
Interest income and income from Islamic financing and investing assets 237,671 9,123 25,503 7,440 2,427 282,164
Interest expense and profit distributable to depositors (48,726) (8,608) (2,975) (2,088) (62,397)
Net income from perpetual instruments 25,605 25,605
Net fee and commission income 39,849 1,631 6,540 48,020
Net insurance income 7,663 7,663
Net income from investment 40,207 40,207
Share of results of an associate (1,210) (1,210)
Other operating income 2,484 3,076 5,457 60 2,984 14,061
Total operating income (loss)
231,278
68,193
24,159
5,457
11,952
13,074
354,113
Depreciation of property, fixtures and equipment (175) (932) (123) (646) (974) (4,459) (7,309)
Other expenses and charges

(47,174)

(10,044)

(15,700)

(4,555)

(8,033)

(30,674)

(77,640)

(193,820)

Total expenses and other charges (47,174) (10,219) (16,632) (4,678) (8,679) (31,648) (82,099) (201,129)
Profit (loss) for the year before impairment
184,104
57,974
7,527
779
3,273
(18,574)
(82,099)
152,984
Net impairment charges on loans and advances (95,195) (95,195)
Net impairment charges on Islamic financing and investing assets (26,575) (26,575)
Profit (loss) for the year after impairment
88,909
57,974
(19,048)
779
3,273
(18,574)
(82,099)
31,214
Income from assets classified as held for sale

6,885

6,885

Net Profit(loss) for the year

88,909

64,859

(19,048)

779

3,273

(18,574)

(82,099)

38,099

Segmental assets

1,873,560

1,813,226

281,369

4,368

192,680

217,238

4,382,441

Segmental liabilities

1,827,277

1,154,711

192,883

16,334

116,002

121,482

3,428,689

Additions to non-current assets during the year

34

806

59

804

4,738

6,441

Revenue reported above represents revenue generated from external customers. The inter-segment revenues and expenses have been eliminated in full.

For the purposes of monitoring segment performance and allocating resources between segments:

  • all assets are allocated to reportable segments. Assets used jointly by reportable segments are allocated on the basis of the revenues earned by individual reportable segments; and
  • all liabilities are allocated to reportable segments. Liabilities for which reportable segments are jointly liable are allocated in proportion to segment assets.