Financial Updates
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JORDAN KUWAIT BANK |
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CONSOLIDATED BALANCE SHEETS |
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As at September 30, 2006 & December 31,2005
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In US Dollars |
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September 30,
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December 31, |
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2006 |
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2005 |
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ASSETS |
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Cash and balances at central banks |
274,947,254
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420,667,893 |
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Balances at banks and financial institutions |
318,428,570
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316,508,166 |
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Deposits at banks and financial institutions |
10,436,420
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|
11,941,193 |
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Trading financial assets |
2,885,456
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3,887,961 |
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Direct credit facilities - net |
1,240,937,410
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971,756,511 |
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Available-for-sale financial assets |
157,410,523
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124,159,777 |
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Held-to-maturity investments - net |
56,555,659
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62,059,238 |
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Fixed assets - net |
16,672,315
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16,314,803 |
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Intangible assets-net |
1,759,405
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1,820,683 |
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Other assets |
55,293,931
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57,280,039 |
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Deferred tax assets |
1,788,305
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1,573,539 |
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TOTAL ASSETS |
2,137,115,248
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1,987,969,803 |
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LIABILITIES AND OWNERS' EQUITY |
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LIABILITIES |
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Banks and financial institutions deposits |
151,052,784
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159,614,983 |
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Customers deposits |
1,212,418,657
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1,112,757,419 |
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Deposits (Founders /PLC companies) |
78,614,262
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223,333,698 |
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Cash margins |
215,107,532
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224,341,037 |
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Borrowed funds |
16,834,965
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22,453,994 |
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Provisions |
16,048,597
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13,587,645 |
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Provision for income tax |
18,651,213
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16,229,495 |
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Deferred tax liabilities |
774,626
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|
690,860 |
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Other liabilities |
166,378,882
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62,058,435 |
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TOTAL LIABILITIES |
1,875,881,518
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1,835,067,566 |
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OWNERS' EQUITY |
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Equity - Bank Shareholders: |
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Paid-up capital |
105,782,793
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56,417,489 |
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Share premium reserve |
42,313,117
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- |
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Statutory reserve |
21,840,911
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21,840,911 |
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Voluntary reserve |
27,396,199
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36,459,779 |
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General banking reserve |
11,402,863
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|
8,734,038 |
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Cumulative change in fair value |
2,461,169
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|
928,708 |
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Retained earnings |
1,573,539
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20,718,704 |
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Income for the Period |
39,479,518
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- |
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TOTAL EQUITY - BANK SHAREHOLDERS |
252,250,109
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145,099,629 |
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Minority Interest |
8,983,621
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7,802,608 |
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TOTAL OWNERS' EQUITY |
261,233,730
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152,902,237 |
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TOTAL LIABILITIES AND OWNERS' EQUITY |
2,137,115,248
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1,987,969,803 |
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