2011 Annual Report - Khaleeji Commercial Bank BSC

KHALEEJI COMMERCIAL BANK BSC
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
as at 31 December 2011
BD 000’s
notes 31 December 31 December
2011 2010
ASSETS
Cash and bank balances 3 22,642 12,290
Placements with financial institutions 4 76,787 74,959
Financing assets 5 201,556 203,210
Investment securities 6 111,806 100,279
Assets acquired for leasing 7 11,712 5,979
Lease rentals receivable 7 1,946 2,001
Investment in associates 8 2,887 4,113
Investment property 9 6,583 3,943
Other assets 10 2,190 2,476
Property and equipment 11 9,406 9,966
Total assets 447,515 419,216
LIABILITIES
Placements from financial institutions 45,435 65,917
Placements from non-financial institutions and individuals 12 46,647 19,018
Customers’ current accounts 35,437 10,928
Other liabilities 13 5,706 6,975
Total liabilities 133,225 102,838
Equity of investment account holders 14 195,367 198,220
OWNER’S EQUITY
Share capital 15 115,416 115,416
Share premium 1,485 1,213
Statutory reserve 6,350 6,298
Treasury shares (6,043) (6,018)
Unvested employee incentive scheme shares (420) (937)
Share grant reserve 120 324
Investments fair value reserve 54 117
Retained earnings 1,961 1,745
Total owner’s equity (page 32) 118,923 118,158
Total liabilities, equity of investment account holders and owners’ equity 447,515 419,216
The consolidated financial statements, which consist of pages 30 to 78, were approved by the Board of directors on
26 January 2012 and signed on its behalf by:
Dr. Fuad Abdulla Al-Omar Abdulrahman Mohamed Jamsheer Ebrahim Hussain Ebrahim
Chairman Vice-Chairman Chief Executive Officer
& Board member
The accompanying notes 1 to 35 form an integral part of these consolidated financial statements.
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Annual Report 2011