2011 Annual Report - Khaleeji Commercial Bank BSC

KHALEEJI COMMERCIAL BANK BSC
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
for the year ended 31 December 2011
BD 000’s
23. RELATED PARTY TRANSACTIONS (continued)
The related party balances and transactions (except for compensation of key managerial personnel) included in these
consolidated financial statements are as follows:
31 December 2011 associates Key Significant Assets under Total
management shareholders / management
personnel entities in (including
which directors special purpose
are interested
entities)
Assets
Investment securities - - - 47,715 47,715
Financing assets 1,359 - - 12,076 13,435
Investment in associates 2,887 - - - 2,887
Other assets 411 - - 558 969
Liabilities
Customers’ current accounts 207 1 19 433 660
Equity of investment account holders 104 7 331 19,966 20,408
Other liabilities - 421 13 - 434
Placement from financial institutions - - 1,132 - 1,132
Transactions
Purchase of investment property - - 2,640 - 2,640
31 December 2010 Associates Key Significant Assets under Total
management shareholders / management
personnel entities in (including
which directors special purpose
are interested
entities)
Assets
Investment securities - - - 44,690 44,690
Financing assets 1,102 - - 11,832 12,934
Investment in associates 4,113 - - - 4,113
Other assets 385 - - 946 1,331
Liabilities
Customers’ current accounts 262 1 25 1,138 1,426
Equity of investment account holders 130 1,734 330 29,822 32,016
Other liabilities - 1,649 78 - 1,727
Transaction
Acquisition of investment securities - - 22,991 - 22,991
Disposal of investment securities - - 18,850 - 18,850
Purchase of properties - - 10,657 - 10,657
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Annual Report 2011