Annual Report - Ahli United Bank

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Annual Report - Ahli United Bank

1. CAPITAL STRUCTURETABLE - 1A. NET AVAILABLE CAPITAL Tier 1 Tier 2US$ ’000 US$ ’000Paid-up share capital 1,199,910Less : Loans against Employee Stock Purchase Plan (18,737)ReservesShare premium 538,297Capital reserve 307Statutory reserve 126,624Others 14,025Retained earnings 180,970Minority interest in the equity of subsidiaries 367,908Less : Goodwill (505,251)Less : Unrealized gross losses arising from fair valuing equities (2,249)Current year profit 200,718Asset revaluation reserves- property, plant and equipment (45% only) 33,023Unrealized gains arising from fair valuing equities (45% only) 5,391Collective impairment provisions 94,744Eligible subordinated term debt 564,986TOTAL CAPITAL BEFORE REGULATORY DEDUCTIONS 1,901,804 898,862Less : Regulatory deductions :Material holdings of equities 209,952 209,9521,691,852 688,910Add : Proportionate aggregation 220,181 36,992NET AVAILABLE CAPITAL 1,912,033 725,902TOTAL ELIGIBLE CAPITAL BASE (Tier 1 + Tier 2) 2,637,935The terms and conditions and main features of the capital instruments listed above as part of the Tier 1 and Tier 2 capital are explainedin note 19 and note 20 to the audited consolidated financial statements of the Group for the year ended 31 December 2009.B. CAPITAL ADEQUACY RATIOAs at 31 December 2009, the capital adequacy ratio of the Group and significant subsidiaries were:ConsolidatedThe Bankof Kuwaitand MiddleEast K.S.C.(BKME)SubsidiariesAhli UnitedBank(U.K.)P.L.C.(AUB UK)Ahli UnitedBank(Egypt)S.A.E.(AUBE)Tier 1 - Capital Adequacy Ratio 10.9% 15.3% 15.1% 14.8%Total - Capital Adequacy Ratio 15.1% 16.8% 16.9% 16.2%AUB Annual Report 2009105

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