Financial Statements
Consolidated Statement of Financial Position (AED)
as at December 31, 2012
Notes   2012 AED’000   2011 AED’000   2012 US$’000

ASSETS

 

 

 

 

 

 

 

Cash and balances with Central Banks

5

 

9,337,874

 

6,629,945

 

2,542,302

Deposits and balances due from banks

6

 

16,517,118

 

20,839,932

 

4,496,901

Trading securities

7

 

641,877

 

15,755

 

174,755

Derivative financial instruments

8

 

4,993,226

 

4,844,764

 

1,359,441

Investment securities

9

 

18,712,916

 

15,052,103

 

5,094,723

Loans and advances, net

10

 

123,195,295

 

124,754,737

 

33,540,783

Investment in associates

11

 

 

81,817

 

Investment properties

12

 

529,395

 

396,912

 

144,131

Other assets

13

 

5,925,962

 

10,021,494

 

1,613,385

Property and equipment, net

14

 

849,934

 

964,518

 

231,400

Intangible assets

15

 

92,126

 

123,653

 

25,082

Total assets

 

 

180,795,723

 

183,725,630

 

49,222,903

LIABILITIES

 

 

 

 

 

 

 

Due to Central Banks

 

 

 

48,100

 

Due to banks

16

 

4,411,271

 

3,090,386

 

1,200,999

Derivative financial instruments

8

 

4,768,338

 

4,821,568

 

1,298,213

Deposits from customers

17

 

109,216,925

 

109,170,825

 

29,735,074

Euro commercial paper

18

 

4,557,108

 

716,652

 

1,240,705

Borrowings

19

 

26,139,647

 

31,897,009

 

7,116,702

Other liabilities

20

 

6,994,845

 

11,903,567

 

1,904,396

Total liabilities

 

 

156,088,134

 

161,648,107

 

42,496,089

EQUITY

 

 

 

 

 

 

 

Share capital

21

 

5,595,597

 

5,595,597

 

1,523,440

Share premium

21

 

3,848,286

 

3,848,286

 

1,047,723

Other reserves

22

 

6,288,591

 

4,919,896

 

1,712,113

Retained earnings

 

 

4,537,315

 

3,708,227

 

1,235,316

Capital notes

25

 

4,000,000

 

4,000,000

 

1,089,028

Equity attributable to equity holders of the Bank

 

 

24,269,789

 

22,072,006

 

6,607,620

Non-controlling interests

 

 

437,800

 

5,517

 

119,194

Total equity

 

 

24,707,589

 

22,077,523

 

6,726,814

             
Total liabilities and equity   180,795,723   183,725,630   49,222,903
These consolidated financial statements were approved by the Board of Directors and authorized for issue on January 30, 2013.

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.