(Jamaica) Limited - FirstCaribbean International Bank

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Consolidated Balance Sheet As at 31 October 2009 (Expressed in <strong>Jamaica</strong>n dollars unless otherwise indicated) LIABILITIES AnD STOCKHOLDERS’ EQUITY LIABILITIES notes 2009 2008 $’000 $’000 Customer deposits 13 43,900,172 41,368,967 Derivative financial instruments 5 400,343 210,858 Other liabilities 14 757,628 647,343 Taxation payable 85,938 211,871 Deferred tax liabilities 11 216,276 182,756 Debt securities in issue 15 – 499,950 Retirement benefit obligation 12 39,330 57,180 TOTAL LIABILITIES 45,399,687 43,178,925 STOCKHOLDERS’ EQUITY Share capital 16 1,396,667 1,396,667 Reserves 16 5,473,571 4,312,247 Retained earnings 385,925 738,229 TOTAL STOCKHOLDERS’ EQUITY 7,256,163 6,447,143 TOTAL LIABILITIES AnD STOCKHOLDERS’ EQUITY 52,655,850 49,626,068 The accompanying notes form an integral part of these financial statements. Approved for issue by the Board of Directors on 17 December 2009 and signed on its behalf by: Michael Mansoor Anthony Bell Clovis Metcalfe Allison Rattray 18
Consolidated Statement of Changes in Equity Year Ended 31 October 2009 (Expressed in <strong>Jamaica</strong>n dollars unless otherwise indicated) notes Share Reserves Retained Total Capital Total $’000 $’000 $’000 $’000 Balance at 31 October 2007 1,396,667 3,341,334 879,658 5,617,659 Net income for the year – – 835,053 835,053 Expense recognised directly in equity - Loss on available-for-sale investment securities 18 – (5,569) – (5,569) Transfer to statutory reserve fund 19 – 940,000 (940,000) – Transfer to loan loss reserve 21 – 36,482 (36,482) – Balance at 31 October 2008 1,396,667 4,312,247 738,229 6,447,143 Net income for the year – – 886,658 886,658 Income recognised directly in equity - Gain on available-for-sale investment securities, net of taxes 18 – 28,665 – 28,665 Transfer to statutory reserve fund 19 – 50,000 (50,000) – Transfer to retained earnings reserve 20 – 840,000 (840,000) – Transfer to loan loss reserve 21 – 242,659 (242,659) – Dividends paid – – (106,303) (106,303) Balance at 31 October 2009 1,396,667 5,473,571 385,925 7,256,163 The accompanying notes form an integral part of these financial statements. 19
Page 2 and 3: Corporate Profile .................
Page 4 and 5: Financial Highlights 2009 Earnings
Page 6 and 7: Managing Director Clovis Metcalfe M
Page 8 and 9: 6 Senior Management and Advisors
Page 10 and 11: Our Communities FirstCaribbean Inve
Page 12 and 13: Management’s Discussion and Analy
Page 14 and 15: Total Assets ($’B) Deposits (‘$
Page 16 and 17: 14 Management’s Discussion and An
Page 18 and 19: CharteredÊ Accountants 8 Oliver Ro
Page 22 and 23: Consolidated Statement of Income Ye
Page 24 and 25: Balance Sheet As at 31 October 2009
Page 26 and 27: Statement of Changes in Equity Year
Page 28 and 29: Statement of Cash Flow Year Ended 3
Page 30 and 31: notes to the Financial Statements Y
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notes to the Financial Statements Y
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94 Ownership Structure
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Notice of Meeting nOTICE IS HEREBY
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98 Notes
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