Statement of Financial Position (US Dollars)
| GROUP | BANK | |||||
| As at December 31, | 2016
US $ ’000 |
2015
US $ ’000 |
Change
% |
2016
US $ ’000 |
2015
US $ ’000 |
Change
% |
| Assets | ||||||
| Cash and cash equivalents | 219,861 | 139,487 | 57.62 | 201,627 | 139,046 | 45.01 |
| Balances with Central Banks | 293,391 | 195,775 | 49.86 | 292,976 | 195,775 | 49.65 |
| Placements with banks | 78,254 | 119,275 | (34.39) | 78,254 | 119,275 | (34.39) |
| Securities purchased under resale agreements | – | 55,512 | – | – | 55,512 | – |
| Derivative financial assets | 7,031 | 28,569 | (75.39) | 7,031 | 28,569 | (75.39) |
| Other financial instruments – Held-for-trading | 33,307 | 53,114 | (37.29) | 33,307 | 53,114 | (37.29) |
| Loans and receivables to banks | 4,170 | 4,170 | – | 4,170 | 4,170 | – |
| Loans and receivables to other customers | 4,141,098 | 3,537,448 | 17.06 | 4,113,644 | 3,524,905 | 16.70 |
| Financial investments – Available-for-sale | 1,069,065 | 1,417,010 | (24.55) | 1,068,604 | 1,416,887 | (24.58) |
| Financial investments – Held-to-maturity | 424,885 | – | – | 407,221 | – | – |
| Financial investments – Loans and receivables | 346,070 | 400,447 | (13.58) | 346,070 | 400,447 | (13.58) |
| Investments in subsidiaries | – | – | – | 16,263 | 8,582 | 89.50 |
| Investments in associates | 727 | 725 | 0.28 | 296 | 308 | (3.90) |
| Property, plant & equipment | 77,260 | 77,568 | (0.40) | 68,834 | 69,157 | (0.47) |
| Intangible assets | 7,564 | 6,133 | 23.33 | 4,278 | 3,232 | 32.36 |
| Leasehold property | 708 | 745 | (4.97) | 491 | 517 | (5.03) |
| Deferred tax assets | 4,462 | – | – | 6,437 | – | – |
| Other assets | 110,067 | 83,920 | 31.16 | 109,771 | 83,903 | 30.83 |
| Total assets | 6,817,920 | 6,119,898 | 11.41 | 6,759,274 | 6,103,399 | 10.75 |
| Liabilities | ||||||
| Due to Banks | 474,781 | 220,530 | 115.29 | 451,478 | 210,330 | 114.65 |
| Derivative financial liabilities | 10,117 | 13,117 | (22.87) | 10,117 | 13,117 | (22.87) |
| Securities sold under repurchase agreements | 464,968 | 778,701 | (40.29) | 466,561 | 779,638 | (40.16) |
| Other financial liabilities – Held-for-trading | – | – | – | – | – | – |
| Due to other customers/Deposits from customers | 4,963,677 | 4,328,971 | 14.66 | 4,938,654 | 4,329,530 | 14.07 |
| Other borrowings | 61,904 | 69,273 | (10.64) | 61,904 | 69,273 | (10.64) |
| Current tax liabilities | 23,136 | 20,990 | 10.22 | 22,977 | 20,825 | 10.33 |
| Deferred tax liabilities | – | 3,244 | – | – | 1,600 | – |
| Other provisions | 13 | 13 | – | 13 | 13 | – |
| Other liabilities | 120,402 | 109,256 | 10.20 | 118,267 | 107,861 | 9.65 |
| Due to subsidiaries | – | – | – | 134 | 182 | (26.37) |
| Subordinated liabilities | 165,940 | 83,165 | 99.53 | 165,940 | 83,061 | 99.78 |
| Total liabilities | 6,284,938 | 5,627,260 | 11.69 | 6,236,045 | 5,615,430 | 11.05 |
| Equity | ||||||
| Stated capital | 166,798 | 161,322 | 3.39 | 166,798 | 161,322 | 3.39 |
| Statutory reserves | 37,716 | 34,148 | 10.45 | 37,715 | 34,147 | 10.45 |
| Retained earnings | 30,400 | 30,994 | (1.92) | 29,810 | 30,447 | (2.09) |
| Other reserves | 292,571 | 265,825 | 10.06 | 288,906 | 262,053 | 10.25 |
| Total equity attributable to equity holders of the Bank | 527,485 | 492,289 | 8.29 | 523,229 | 487,969 | 7.23 |
| Non-controlling interest | 5,497 | 348 | 1,479.60 | – | – | – |
| Total equity | 532,982 | 492,637 | 8.19 | 523,229 | 487,969 | 7.23 |
| Total liabilities and equity | 6,817,920 | 6,119,898 | 11.41 | 6,759,274 | 6,103,399 | 10.75 |
| Contingent liabilities and commitments | 3,320,727 | 3,615,902 | (8.16) | 3,318,964 | 3,615,902 | (8.21) |
| Net assets value per ordinary share (US $) | 0.59 | 0.56 | 5.36 | 0.59 | 0.56 | 5.36 |
Exchange Rate of 1 US $ was Rs. 149.75 as at December 31, 2016 (Rs. 144.15 as at December 31, 2015).