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
27. SEGMENT REPORTING (continued)
2010 Investment Commercial Unallocated Total
Banking Banking
Income from investment banking services 47 - - 47
Management fees 1,260 - - 1,260
Income from placements with financial institutions 12 903 - 915
Income from financing assets and assets acquired for leasing - 16,092 - 16,092
Income from investment securities 1,376 822 - 2,198
Share of losses from associate companies (1,005) - - (1,005)
Other income (30) 108 - 78
Total income before return to investment account holders 1,660 17,925 - 19,585
Less: Return to investment account holders before
Bank’s share as Mudarib - (8,254) - (8,254)
Bank’s share as a Mudarib - 2,469 - 2,469
Return to investment account holders - (5,785) - (5,785)
Less: Expense on placement from financial institutions (320) - - (320)
Less: Expense on placement from non-financial
institutions and individuals - (975) - (975)
Total segment revenue 1,340 11,165 - 12,505
Staff cost 1,189 1,012 2,869 5,070
Depreciation - - 1,342 1,342
Other expenses 285 - 3,781 4,066
Total segment cost 1,474 1,012 7,992 10,478
Segment results before impairment allowances (134) 10,153 (7,992) 2,027
Impairment allowances (2,566) (5,994) - (8,560)
Segment results (2,700) 4,159 (7,992) (6,533)
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Annual Report 2011