2011 Annual Report - Khaleeji Commercial Bank BSC
2011 Annual Report - Khaleeji Commercial Bank BSC
2011 Annual Report - Khaleeji Commercial Bank BSC
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KHALEEJI COMMERCIAL BANK <strong>BSC</strong><br />
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
for the year ended 31 December <strong>2011</strong><br />
BD 000’s<br />
27. SEGMENT REPORTING (continued)<br />
<strong>2011</strong> investment <strong>Commercial</strong> Unallocated Total<br />
<strong>Bank</strong>ing <strong>Bank</strong>ing<br />
Income from investment banking services - - - -<br />
Management fees 703 - - 703<br />
Income from placements with financial institutions 1 258 - 259<br />
Income from financing assets and assets acquired for leasing - 16,812 - 16,812<br />
Income from investment securities 5,438 583 - 6,021<br />
Share of losses from associate companies (1,226) - - (1,226)<br />
Other income 258 102 - 360<br />
Total income before return to investment account holders 5,174 17,755 - 22,929<br />
Less: Return to investment account holders<br />
before <strong>Bank</strong>’s share as Mudarib - (9,022) - (9,022)<br />
<strong>Bank</strong>’s share as a Mudarib - 2,393 - 2,393<br />
Return to investment account holders - (6,629) - (6,629)<br />
Less: Expense on placement from financial institutions (420) - - (420)<br />
Less: Expense on placement from<br />
non-financial institutions and individuals - (1,156) - (1,156)<br />
Total segment revenue 4,754 9,970 - 14,724<br />
Staff cost 877 1,754 3,218 5,849<br />
Depreciation - - 1,169 1,169<br />
Other expenses 46 - 3,553 3,599<br />
Total segment cost 923 1,754 7,940 10,617<br />
Segment results before impairment allowances 3,831 8,216 (7,940) 4,107<br />
Impairment allowances 1,795 1,794 - 3,589<br />
Segment results 2,036 6,422 (7,940) 518<br />
58<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>
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