Annual Report - Ahli United Bank

ahliunited.com

Annual Report - Ahli United Bank

Auditors’ Report andConsolidated FinancialStatements 2009Independent auditors’ report to the shareholders of Ahli United Bank B.S.C ................................. 45Consolidated Statement of Income ................................................................................................................ 46Consolidated Statement of Comprehensive Income ............................................................................... 47Consolidated Balance Sheet .............................................................................................................................. 48Consolidated Statement of Cash Flows ......................................................................................................... 49Consolidated Statement of Changes in Equity ........................................................................................... 50Notes to the Consolidated Financial Statements ...................................................................................... 521 Corporate information ............................................................................................................................ 522 Basis of consolidation .............................................................................................................................. 523 Accounting policies .................................................................................................................................. 533.1 Basis of preparation .................................................................................................................................. 533.2 Significant accounting judgements and estimates ...................................................................... 543.3 Summary of significant accounting policies ................................................................................... 544 Interest income .......................................................................................................................................... 635 Interest expense ........................................................................................................................................ 646 Fees and commissions - net .................................................................................................................. 647 Trading income - net ................................................................................................................................ 648 Net loss on available-for-sale investments ...................................................................................... 649 Cash and balances with central banks ............................................................................................... 6510 Loans and advances ................................................................................................................................. 6511 Non-trading investments ....................................................................................................................... 6812 Investment in associates and joint venture ..................................................................................... 6913 Premises and equipment ........................................................................................................................ 7014 Other assets ................................................................................................................................................. 7015 Goodwill and other intangible assets ................................................................................................ 7116 Customers’ deposits ................................................................................................................................. 7217 Term debts ................................................................................................................................................... 7218 Other liabilities ........................................................................................................................................... 7219 Subordinated liabilities ........................................................................................................................... 7320 Share capital ................................................................................................................................................ 7421 Reserves ........................................................................................................................................................ 7622 Corporate taxation .................................................................................................................................... 7923 Earnings per share .................................................................................................................................... 7924 Cash and cash equivalents ..................................................................................................................... 8025 Related party transactions ..................................................................................................................... 8126 Employee benefits .................................................................................................................................... 8227 Managed funds .......................................................................................................................................... 8428 Derivatives ................................................................................................................................................... 8429 Commitments and contingent liabilities .......................................................................................... 8730 Segment information............................................................................................................................... 8831 Credit risk ..................................................................................................................................................... 9032 Concentration analysis ............................................................................................................................ 9333 Market risk.................................................................................................................................................... 9334 Fair value of financial instruments ...................................................................................................... 9535 Liquidity risk ................................................................................................................................................ 9636 Capital adequacy ....................................................................................................................................... 9937 Deposit protection scheme ................................................................................................................... 10038 Islamic banking .......................................................................................................................................... 10044 AUB Annual Report 2009

More magazines by this user
Similar magazines