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
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


 

  Share capital Treasury shares Employees’share-based payment scheme Statutory reserve Cumulative changes in fair value Retained earnings Proposed directors’ remuneration Tier 1 Sukuk Attributableto shareholdersof the parentcompany 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
2016
Balance at 1 January 2016

310,050

(9,750)

(1,750)

138,722

 

(57,858)

196,234

5,371

297,850

878,869

75,316

954,185

Profit for the year 40,296 40,296 (2,197) 38,099
Increase in fair value of investments carried at fair value through other comprehensive income 31,577 31,577 196 31,773
Loss on disposal of investments carried at fair value through other comprehensive income 43,774 (43,774) 491 491
Directors’ remuneration paid (5,371) (5,371) (5,371)
Proposed directors’ remuneration (1,976) 1,976
Cash dividend paid 19 (30,945) (30,945) (30,945)
Transfer to statutory reserve 20 4,030 (4,030)
Purchase of treasury shares (2,837)                         – (2,837) (2,837)
Decrease in non-controlling interest (15) (15)
Elimination of Tier I Sukuk held by subsidiaries 9 (9,150) (9,150) (9,150)
Tier I Sukuk coupon paid (22,478) (22,478) (22,478)
Balance at 31 December 2016
310,050
(12,587)
(1,750)
142,752
17,493
133,327
1,976
288,700
879,961
73,791
953,752