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BOB_2017_SMALL

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS STATEMENT OF PROFIT OR LOSS AND COMPREHENSIVE INCOME 2017 2016 Note(s) kshs '000 kshs '000 Interest income 4 10,445,555 9,587,612 Interest expense 5 (4,670,010) (4,597,226) net interest income 5,775,545 4,990,386 Fees and commission income 166,123 171,234 Foreign exchange trading income 90,477 88,899 Other income 6 523,631 113,148 Non interest expenses 7 (1,138,506) (1,051,782) Increase in impairment losses on loans and advances 11 (363,837) (436,075) Profit before taxation 5,053,433 3,875,810 Taxation 12 (1,130,437) (929,051) Profit for the year 3,922,996 2,946,759 earnings per share Basic and diluted (Shs. per share) 79.28 59.55 dividend Proposed final dividend for the year 989,717 494,858 dividend per share (kshs. per share) 20.00 10.00 The accounting policies on Page 22 to 30 and the notes on Page 18-59 form an integral part of the financial statements. 2017 2016 Note(s) kshs '000 kshs '000 Profit for the year 3,922,996 2,946,759 other comprehensive income: Fair value gain and (losses) on financial assets classified as 'available-for-sale' - government securities 13 251,292 199,210 - corporate bonds 13 (5,413) 4,487 - quoted shares 13 1,012 (692) other comprehensive income for the year net of taxation 13 246,891 203,005 total comprehensive income 4,169,887 3,149,764 The accounting policies on Page 22 to 30 and the notes on Page 18-59 form an integral part of the financial statements. 18

FINANCIAL STATEMENTS STATEMENT OFFINANCIAL POSITION ANNUAL REPORT AND FINANCIAL STATMENTS 2017 2017 2016 assets note(s) kshs '000 kshs '000 Cash in hand 14 398,001 371,492 Balances with Central Bank of Kenya 15 3,975,943 3,683,022 Government securities 16 46,549,619 41,209,970 Deposits and balances due from other banking institutions 17 2,013,676 333,663 Other assets 18 594,584 475,740 Loans and advances to customers 19 42,207,280 36,400,900 Investment securities 20 94,393 129,232 Current tax receivable 21 - - Non-current asset held for sale 23 - 22,284 Intangible assets 22 4,312 4,877 Investment property 23 - - Property and equipment 24 224,598 222,813 Deferred tax 25 69,694 53,482 total assets 96,132,100 82,907,475 equity and liabilities liabilities Customer deposits 26 73,004,885 64,873,604 Deposits and balances due to other banking institutions 27 4,688,938 2,899,978 Other liabilities 28 393,220 492,420 Current tax Payable 21 145,121 416,566 total liabilities 78,232,164 68,682,568 equity Share capital 29 989,717 989,717 Fair value reserve (Statement of Changes in Equity) 13 (68,629) (315,520) Statutory loan loss reserve (Statement of Changes in Equity) 706,320 486,363 Retained income (Statement of Changes in Equity) 15,282,811 12,569,489 Proposed dividends (Statement of Changes in Equity) 989,717 494,858 total equity 17,899,936 14,224,907 total equity and liabilities 96,132,100 82,907,475 The financial statements and the notes on pages 18 to 59, were approved by the board of directors on March 26, 2018 and were signed on its behalf by: managing director director director company Secretary 19