Annual Report - Ahli United Bank

ahliunited.com

Annual Report - Ahli United Bank

Notes to theConsolidated Financial Statements (Contd.)12 INVESTMENTS IN ASSOCIATES AND JOINT VENTURE (continued)b) Joint ventureName Country of incorporation Holding2009 2008Legal & General Gulf B.S.C. (c) Kingdom of Bahrain 50.0% 50.0%The summarised financial information of the Group’s associates and joint venture was as follows:2009 2008US$ ’000 US$ ’000Assets 6,801,870 6,172,919Liabilities 5,892,726 5,399,011Revenues 231,341 292,243Net profit for the year 100,642 167,16713 PREMISES AND EQUIPMENTThe net book values of the Group’s premises and equipment are:2009 2008US$ ’000 US$ ’000Freehold land 138,101 195,439Freehold buildings 22,987 22,607Leasehold land and buildings 83,953 61,636Capital work-in-progress 55,927 54,454Others 54,988 54,873355,956 389,00914 OTHER ASSETS2009 2008US$ ’000 US$ ’000Tax assets (note 22) 4,605 9,423Interest receivable 85,332 173,494Derivative assets (note 28) 191,329 143,098Prepayments and others 202,685 191,856483,951 517,87170 AUB Annual Report 2009

More magazines by this user
Similar magazines