Annual Report 2006 - Faisal Finance Switzerland SA

Notes to the Financial Statements
as at December 31, 2006 and 2005 37
All the Bank’s shares are dividend-bearing.
Annual Report 2006
(in ‘000 CHF)
Shamil Finance (Luxembourg) SA is wholly-owned by Shamil Bank of Bahrain E.C. which is 60% owned
by Ithmaar Bank B.S.C., Manama, Bahrain.
Faisal Finance (Luxembourg) SA is ultimately 100% owned by Ithmaar Bank B.S.C., Manama, Bahrain.
3.9 Changes in Shareholders’ Equity
31/12/2006 31/12/2005
Shareholders’ Equity at Beginning of Year
Paid-Up Share Capital 20’000 20’000
General Legal Reserve 4’100 4’100
Retained Earnings
Total Shareholders’ Equity at Beginning of Year
31’014 26’766
before Profit Distribution 55’114 50’866
Profit for the Year
Total Shareholders’ Equity at End of Year
1’744 4’248
before Profit Distribution 56’858 55’114
Represented by:
Paid-Up Share Capital 20’000 20’000
General Legal Reserve 4’100 4’100
Retained Earnings 32’758 31’014
56’858 55’114
Annual Report 2006