Consolidated Statement of Financial Position

Consolidated Statement of Financial Position

  As at 31 December
Note 2017   2016
    AED’000   AED’000
         
ASSETS
Cash balances 4 17,437 13,388
Due from banks 4 701,032 777,395
Investments carried at fair value through other comprehensive income 5 716,341 712,425
Investments carried at fair value through profit or loss 5 176,358 204,766
Investments carried at amortised cost 5 81,654 128,569
Loans and advances 6 2,335,801 2,053,529
Islamic financing and investing assets 7 173,370 180,016
Investment in an associate 8 51,720 50,477
Interest receivable and other assets 12 208,200 144,137
Property, fixtures and equipment 10 13,890 14,676
Intangibles 11 6,966 7,750
Investment properties 29

82,070

4,564,839 4,287,128
Assets classified as held for sale 28 125,215
Total assets  
4,564,839
4,412,343
     
EQUITY AND LIABILITIES  
EQUITY  
Share capital 16 310,050 310,050
Treasury shares 20 (21,402) (12,587)
Employees’ share-based payment scheme 17 (1,750) (1,750)
Statutory reserve 18 146,185 142,752
Cumulative changes in fair value of investments carried at fair value through other comprehensive income (6,305) 17,493
Retained earnings 117,349 133,327
Tier 1 Sukuk 9 283,550 288,700
Proposed directors’ remuneration

3,090

1,976

  830,767 879,961
Non-controlling interests 3

72,432

73,791

Total equity

903,199

953,752



  As at 31 December
Note 2017   2016
    AED’000   AED’000
LIABILITIES
Customers’ deposits and margin accounts 13 2,950,544 2,841,982
Due to banks and other financial institutions 4 23,831 47,175
Short term borrowings 14 266,410 192,500
Medium term loans 14 120,834 87,500
Interest payable and other liabilities 15 286,397 247,476
Provision for employees’ end of service benefits

13,624

12,056

3,661,640 3,428,689
Liabilities associated with assets classified as held for sale

29,902

Total liabilities 3,661,640 3,458,591
Total equity and liabilities
4,564,839
4,382,441
Commitments and contingent liabilities 21

1,950,461

1,969,881

These consolidated financial statements were approved and authorised for issue by the Board of Directors on 12 February 2018 and were signed on its behalf by:

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

Mr. Mohammed Alqubaisi                                                                   Mr. Hamid Taylor

CHAIRMAN                                                                                            GENERAL MANAGER