Financial Statements
Consolidated Statement of Financial Position (AED)
as at December 31, 2011
Notes   2011 AED’000   2010 AED’000   2011 US$’000
ASSETS      
Cash and balances with Central Banks 5   6,629,945   5,887,630   1,805,049
Deposits and balances due from banks 6   20,839,932   18,397,534   5,673,818
Trading securities 7   15,755   –   4,289
Loans and advances, net 8   124,754,737   122,771,870   33,965,352
Derivative financial instruments 9   4,844,764   3,976,969   1,319,021
Investment securities 10   15,052,103   8,263,138   4,098,041
Investments in associates 11   81,817   5,358,199   22,275
Investment properties 12   396,912   289,192   108,062
Other assets 13   10,021,494   12,101,161   2,728,422
Property and equipment, net 14   964,518   1,070,321   262,597
Intangible assets 15   123,653   155,180   33,665
Total assets   183,725,630   178,271,194   50,020,591
LIABILITIES      
Due to Central Banks   48,100   –   13,095
Due to banks 16   3,090,386   4,841,865   841,379
Deposits from customers 17   109,887,477   106,134,185   29,917,636
Mandatory convertible securities – liability component 21   –   29,131   –
Short and medium term borrowings 18   30,808,557   21,019,694   8,387,846
Derivative financial instruments 9   4,821,568   3,854,327   1,312,706
Long term borrowings 19   1,088,452   8,906,109   296,339
Other liabilities 20   11,903,567   13,912,535   3,240,830
Total liabilities   161,648,107   158,697,846   44,009,831
EQUITY      
Share capital 21   5,595,597   4,810,000   1,523,441
Share premium 21   3,848,286   –   1,047,723
Statutory and legal reserves   3,309,351   2,704,179   900,994
General and contingency reserves   2,150,000   2,150,000   585,353
Employees’ incentive plan shares, net 24   (104,595)   (36,677)   (28,477)
Foreign currency translation reserve   (27,521)   136,676   (7,493)
Hedge reserve   (2,581)   (537,904)   (703)
Cumulative changes in fair values   (404,758)   174,799   (110,198)
Other reserve   –   5,630   –
Retained earnings   3,708,227   1,524,201   1,009,590
Capital notes 25   4,000,000   4,000,000   1,089,028
Mandatory convertible securities – equity component 21   –   4,633,883   –
Equity attributable to equity holders of the parent   22,072,006   19,564,787   6,009,258
Non-controlling interests   5,517   8,561   1,502
Total equity   22,077,523   19,573,348   6,010,760
Total liabilities and equity   183,725,630   178,271,194   50,020,591
These consolidated financial statements were approved by the Board of Directors and authorized for issue on January 26, 2012.

Eissa Al Suwaidi
Chairman

Ala’a Eraiqat
Chief Executive Officer

Deepak Khullar
Chief Financial Officer

The accompanying notes are an integral part of these consolidated financial statements.