Annual Report - Ahli United Bank

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Annual Report - Ahli United Bank

30 SEGMENT INFORMATION (continued)RetailbankingCorporatebanking,treasury andinvestmentsPrivatebankingand wealthmanagementTotalUS$ ’000 US$ ’000 US$ ’000 US$ ’000Year ended 31 December 2008:Net interest income 189,113 164,252 49,740 403,105Intersegment interest (46,398) 60,134 (13,736) -Fees and commisions - net 49,139 75,012 26,479 150,630Other operating income 4,472 107,204 122 111,798OPERATING INCOME 196,326 406,602 62,605 665,533Provision for loan losses and contingencies - net 37,135 62,065 (575) 98,625NET OPERATING INCOME 159,191 344,537 63,180 566,908Operating expenses 97,933 126,874 35,646 260,453PROFIT BEFORE TAX 61,258 217,663 27,534 306,455Income tax expense (credit) 1,680 (7,679) 2,712 (3,287)NET PROFIT FOR THE YEAR 59,578 225,342 24,822 309,742Less : Attributable to non-controlling interests 54,019NET PROFIT ATTRIBUTABLE TO THE BANK'S EQUITY SHAREHOLDERS 255,723Segment assets 3,357,446 16,558,530 1,832,939 21,748,915Goodwill (note 15) 181,287 218,144 115,086 514,517Investment in associates and joint venture 534,916Unallocated assets 784,379TOTAL ASSETS 23,582,727Segment liabilities 2,687,654 15,084,621 2,542,847 20,315,122Unallocated liabilities 872,828TOTAL LIABILITIES 21,187,950Geographic segmentationAlthough the management of the Group is based primarily on business segments, the Group’s geographic segmentation is basedon the countries where the Bank and its subsidiaries are incorporated. Thus, the operating income generated by the Bank and itssubsidiaries based in GCC are grouped together, while those generated by the Bank’s subsidiaries located outside the GCC region isgrouped under Rest of the world. Similar segmentation is followed for the distribution of total assets. The following table shows thedistribution of the Group’s operating income and total assets by geographical segment:GCC Rest of the world Total2009 2008 2009 2008 2009 2008US$ ’000 US$ ’000 US$ ’000 US$ ’000 US$ ’000 US$ ’000Operating income 574,571 629,570 121,815 35,963 696,386 665,533Total assets 16,700,194 17,121,640 6,873,789 6,461,087 23,573,983 23,582,727AUB Annual Report 200989

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