Français/English - Arab Banking Corporation, ALGERIA
Français/English - Arab Banking Corporation, ALGERIA
Français/English - Arab Banking Corporation, ALGERIA
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Financial Statements 2012<br />
Note 7 : Cash Flows in fixed assets<br />
2012 2011 Variation<br />
Land 142 000 142 000 -<br />
Administrative Building 2 000 2 000 -<br />
Business Building 445 648 445 648 -<br />
Machinery and equipment 159 847 114 554 45 293<br />
IT Equipment 251 145 241 159 9 986<br />
Touristic Cars 43 558 36 384 7 174<br />
Furniture and equipment 116 415 78 141 38 274<br />
Safes 32 146 27 984 4 162<br />
Divers Equipment 22 53 86 446 - 64 293<br />
Building Fixtures and Fittings 756 856 532 667 224 189<br />
Building under Construction 81 428 202 386 - 120 958<br />
Variation related to tangible and intangible assets 2 053 196 1 909 369 143 827<br />
Note 8 : Cash Flows in fixed assets<br />
The amount of profit before tax in 2011 was subjected of a correction of material error in the statement of cash-flow. The right amount is<br />
DZD 1,250,313 K instead of DZD 925,007 K.<br />
6. Change in re-evaluation differences of fixed assets<br />
Note 1 : Change in revaluation of fixed assets<br />
The participation in ALC is booked as per the equity method wich consists of increasing investments and equity (evaluation defference)<br />
as at 30/11/2012.<br />
DZD thousands<br />
Total equity ALC (as at 30/06/2012) 4 001 884<br />
Amount relating to ABC Algeria (41.11%) 1 645 175<br />
Book value 1 438 954<br />
Revaluation difference (equity) 206 221<br />
7. Risk management<br />
Risk management and organisation<br />
When performing its activities, the Bank is, depending on the case, faced with a multitude of risks managed through a series of tools<br />
and procedures that are periodically monitored. Risk management is thus an operational management tool which also helps in strategic<br />
decision-making.<br />
Effective risk management can help to improve the Bank’s performance by contributing in particular to simplifying the decisions made<br />
and avoiding pointless expenditure, facilitating change management and optimising the use of resources. To do this, the Bank has put<br />
in place clear strategies which set out its degree of tolerance to risks, and a series of detailed procedures which set out, amongst other<br />
information, the means of identifying, measuring, monitoring and controlling risks.<br />
67
Change language