FINANCIAL RESULTS MARCH-2010 33.5 X 26.5primebank audit adjusted.cdr

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UNAUDITED FINANCIAL STATEMENTS AND DISCLOSURES AS AT 31ST MARCH 2010MMAARR 22000099 DDEECC 22000099 MMAARR 22001100 MMAARR 22000099 DDEECC 22000099 MMAARR 22001100BALANCE SHEET PROFIT & LOSS ACCOUNT(Unaudited) (Audited) (Unaudited) (Unaudited) (Audited)) ((UUnnaauuddiitteedd)) Shs. ‘000 Shs. ‘000 Shs. ‘000 Shs. ‘000 Shs. ‘0000 SShhss.. ‘‘000000 ASSETS INTEREST INCOME 149,492 171,287 326,889 1,375,685 373,51373,5111Cash (both local and foreign) 186,375 Loans and advancesBalances Due from Central Bank of Kenya 930,904 1,074,940 1,138,044 Government securities 88,646 484,966 205,595 205,595 Kenya Government securities 3,708,857 6,715,477 9,532,521 Deposits and placements with banking institutions 9,454 49,906 10,785 10,785 Foreign Currency treasury bills and bonds - - 61,216 20,277 69,226 16,527 16,527 Other Interest Income 827,644 381,752 Deposits and balances due from local banking institutions 159,416 606,418 606,418 Total Interest Income 445,266 1,979,783 1,562,116 1,324,198 Deposits and balances due from institutions abroad 1,447,798 -- -- --Government and other securities held for dealing purposes INTEREST EXPENSES TTax recoverable -- 2,8962,896 -- 222,077 222,077 1,074,242 1,074,242 326,450 326,450 Customer ...

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• Publié par: Enya
• Nombre de lectures: 39
• Langue: English

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UNAUDITED FINANCI ASLTATEMENTSA ND DISCLOSURAESAT 31STMARCH 2010 BALANCESHEET (U M n A au R  d 2 it 0 ed 90 )( D A E u C di 2 t 0 e 09 d)(U M n AR ua   d 2 itd)e 100 PROFIT&LOSSACCOUNT (U M n A au R  di 002 dte 9 ) DCE  (dAui 2 t 0 de 09 )(Un M au RA d   i 2 t 0 e 1 d 0 ) Shs. ‘000Shs.‘000Shs. ‘000Shs. ‘000         Shs. ‘000         Shs. ‘000 ASSETS INTEREST INCOME      Cash (both local and foreign)  149,492 171,287 186,375 Loans and advances 326,8891,375,685 373,511 Balances Due from Central Bank of Kenya  930,904  1,074,940   1,138,044 Government securities  88,646 484,966  205,595 Kenya Government securities  3,708,857 6,715,477  9,532,521 Deposits and placements with banking institutions  9,454    49,906  10,785 Foreign Currency treasury bills and bonds -- 61,216 Other Interest Income  20,277    69,226  16,527 Deposits and balances due from local banking institutions  827,644 381,752 159,416 Total Interest Income 2   1,979,783  606,418 Deposits and balances due from institutions abroad  1,562,116  1,324,198  1,447,798  445, 66 Government and other securities held fordealing purposes -- - INTEREST EXPENSES       Tax recoverable 2,896 - Loans and advances to customers (net) ,059843 - ,8  10,615,380  11,304,945 nosts and p ts Deposi  redopisCsuotem tinstitukian ingrf sb moecaltnem  222,077                      1    ,   0   7 1 4 1 , , 2 2 4 6 2 6      6,32     03 6 54 0      Investment securities  2,095,605  2,087,870 Balances due from group companies 80 -   2,213,5 -   - - T O o t t h a e l r     I I n nt t e e r r e e s s t t E E x x pe p n e s n e s s es                             2   3 1 4 2 , , 7 6 6 8 3 6 -      1,085,508 -   326,756  -         Investments in associates - - Investments in subsidiary companies -- - NET INTEREST INCOME/ (LOSS)  210,503 894,275  279,662 Investment in joint ventures -- - Investment properties - - -  TINGOTHER OPERA INCOME Property and equipment 2,65 -      3 24 339,460  348,820 F Ot e h e e s r     a fe n e d s c a o n m d m c i o ss m io m n i s s   s o io n n l s oans and advances                          3   9 4 , ,5 7 8 2 5 6      62,250         1         8,17 57                           4   8 4 , , 4 6 2 8 2 2     Prepaid lease rentals  24,041 - - 13,506  61,524  16,271 Intangible assets  16,858 17,483 Foreign Exchange trading income (Loss) Deferred tax asset  49,018 50,956  50,956 D    ividend Income  861 36,103  2,378 Retirement benefit asset - - - Other Income  16,256 97,798  46,357 Other assets  1,216,845 911,143  866,094 Total Non-Interest Income  74,934 429,550  118,110 TOTAL ASSETS 19,975,101    23,699,95 2  27,201,538 TOTALOPERATING INCOME  285,43 7     1,323,825  397,772 LIABILITIES  EXPENSESOPERA TING Balances due to Central Bank of Kenya 1 -   5,937,554 - - Loan loss provision            7 8 7 ,0 2 0 1 0 6      96,719  27,000 Customer deposits  19,184,208  21,996,412 Staff costs  39 Deposits and balances due to local banking institutions            18  2 615,64   2 648,  37,900  240,425 Directors' emoluments                          6 7 , , 6 7 0 3 8 6                  3 2 3 7 2 , , 9 9 00 5         ,793    18     2   59,2 Deposits and balances due to foreign banking institutions  387,409  644,171 Other money market deposits - - Rentals charges  ,    31,047  10,691 Borrowed funds - - - - - se empi mA tndna uqe   conrghatiortisa  nhctaoiericDpeertyprop on arge         71        50,4  -                   251  39,     0,07  31             79 41 ,6         -  Balances due to group companies 70,215 - - Other operating expenses              1 4 6 9 6 , , 6 6 1 2 4 4         219,282  55,893 Tax payable -  -  44,102 Total Other Operating Expenses  760,208  227,294 Dividends payable - - Deferred tax liability --- - E Pr x o c f e i p t ti / o ( n l a o l s i s t ) e   m b s efore tax and exceptional items      8,81  11 3 - 17  - 5   6,36     074,87 -  1        Retirement benefit liability 1,043,907 - - Profit / (loss) after exceptional ite  118,813 563,617  170,478 Other liabilities 17,037,22   1  1,025,668  891,153 ms  (29,000)     ( 61,477)  (47,000) TOTAL LIABILITIES    20,635,185  23,816,263 Current tax   1 Deferred Tax  -  1,938  - SHAREHOLDERS'EQUITY      Profit / (loss) after tax and exceptional items  89,813    404,078  123,478 Paid up / Assignedcapital  1,000,000 1,200,000   1,200,000 Share Premium (discount) 240,  1,412                 -     -  - MESSAGE FROM THEDIRECTORS Revaluation reserves  1,153,034     1,400,064 Retained earnings/Accumulated losses  697,468 661,733   785,211 Proposed dividends - 50,000  - The above are extracts from the financial statements and TOTAL SHAREHOLDERS FUNDS 2,937,88    0    3,064,767 3,385,275 records of the Bank.      TOTAL LIABILITIES AND SHAREHOLDERS FUNDS  27,201,538 19,975,101 23,699,952 OTHERDISCLOSURES M U(na A u R dit 02 de 90 ) 9 ( 00 2ECD Audited) 102  nU( 0 idua)det ARM Bharat Jani- CEO K. Sha S.-h  Director a) Gross non-performing loans and advances 619,381581,389 ra NON-PERFORMING LOANS AND ADVANCES Sh 6 s 8 3 . 7 2 ‘ ,2 5 0 7 2 00           7         2 S    hs. ‘000Shs. ‘000 corpo te e-banking 7 day Less:           b) Interest in suspense 77,800 79,059 c) Total Non-Performing Loans and advances(a - b)  541,581502,330 Less:         4 5 2 4 4 4 , 4 ,6 05 5     5           banking services banking         d) Loan loss Provision ,395,675347,732 e) Net-Non Performing Loans (c-d)  120,250 145,906 154,598 icvSl iaodstCukemB Piresr f) Realizable value of securities  120,250 145,906154,598 g) Net NPLs Exposure (e-f) --- an INSIDER LOANS AND ADVANCES      a) Directors, shareholders and associates  995,381 759,984790,326 b) Employees  20,114 50,115  52,323 c) Total Insider Loans andAdvances  1,015,495       810,09 9 842,649 OFF-BALANCE SHEET ITEMS a) Letters of Credit, guarantees, acceptances  1,745,080 2,361,1962,492,051 b) Other contingent liabilities  636,910 880,955     1,636,791 c) Total contingent liabilities    2,381,99 0    3,242,15 14,128,842 CAPITAL STRENGTH                  a) Core capital 1,642,2321,851,4041,913,143 b) Minimum Statutory Capital  250,000 350,000  350,000 c) Excess / (Deficiency)  1,392,232 1,501,404   1,563,143 d) Supplementary capital -- - e) Total Capital (a+d)  1,642,232 1,851,404  1,913,143 f) Total risk weighted assets  10,2 1 7 0 3 . , 6 6 0 1 % 1 11,763,212 11,238,691 t F a  o   r +   22 m 55 o 44 r -- e 22 i 00 n -- f 44 o 22 r 00 m 33 a 22 ti 11 o 66 n      oo C rr al + l 22 u 5 s 54   4- T -2 o 2 0 d t0-o a 4- 4 y s2   2c00h33e11d33ot 3ued ch syourule  i l n e v y e o s u t r nni leno col oita  yngtiucbr ouecneinednoc fo  ctivnt as alitieem g) Core capital / total deposit liabilities 8.00% 9.90%8.70% initial consult aotri [e-mail] h) Minimum Statutory Ratio 8.00% 8.00% i) Excess / (Deficiency) 2.60% 16.00% 1.90%0.70% HEAD OFFICE j) Core capital /total risk weighted assets 16.20%15.40% k) Minimum Statutory Ratio 8.00%8.00%8.00% Riverside Drive,. PO. Box 4382-500100 GPO, Nairobi, KEANY l) Excess / (Deficiency) (j-k) 8.00%8.20% 7.40% 24 / 0003024.02.54+2: elT024.52.4:x+   aF810 44506 / 031145712Swift Code: PRIEKENX m) Total capital / total risk weighted assets 16.20%15.40% n) Minimum Statutory Ratio 61 0%0.21 %00. 12.00%12.00% adhek-knabe.co.ke  [e-mail] o) Excess / (Deficiency) (m-n) 4.00%4.20%3.40% BRANCHES LIQUIDITY 41.80% BiasharaStreet | Capital Centre| Hurlingham|Industrial Area a) Liquidity Ratio 46.40%51.40% Kamukunji | KenIndia House|Parklands | Riverside Drive|Westlands b) Minimum Statutory Ratio 20.00%20.00% c) Excess / (Deficiency) (a-b) 2 2 1 0 . . 8 0 0 0% %26.40%31.40% Kisumu | Mombasa|Nyali