BANK of INDIA 33X3 (27-8).Indd
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P.O. Box 30246 00100 Nairobi Branches in Nairobi * Mombasa * Industrial Area * Westlands * Eldoret Telephone: 2221414-7 Email: [email protected], [email protected] UNAUDITEDUNAUDITEDUNAUDITED FINANCIAL FINANCIAL FINANCIAL STATEMENTS STATEMENTS STATEMENTS AND AND OTHER AND OTHER DISCLOSURESOTHER DISCLOSURES DISCLOSURES FOR THE FORPERIODFOR PERIOD THE ENDED PERIOD ENDED 31ST MARCH 3OENDEDTH JUNE 2019 30 2018TH JUNE 2019 BANK I STATEMENT OF FINANCIAL POSITION BANK BANK I. STATEMENT OF FINANCIAL POSITION I STATEMENT OF FINANCIAL POSITION 30th June 2017 31st December 2017 31st March 2018 30th June 2018 Shs.31st ‘000’ March 2018 30th Shs. 31stJune ‘000’ December 31st December 2018Shs. ‘000’ 31st March 31st 2019Shs.March ‘000’ 30th June A ASSETS UnauditedShs. ‘000’ 2018Audited Shs. ‘000’Unaudi2018ted Shs.Unaudi ‘000’2019ted 2019 A ASSETS1 Cash ( both Local & Foreign) 62,964Unaudited 69,114 Audited91,440 Unaudited76,769 1 Cash ( both Local & Foreign) 91,440Shs. ‘000’ 69,666Shs. ‘000’ Shs. 87,228 ‘000’ Shs. ‘000’ A ASSETS2 Balances2 Balances due from due Central from CentralBank of Bank Kenya of Kenya 1,242,0262,228,916Unaudited 2,145,709 2,059,558Audited 2,22 8,916 2,379,869Unaudited 2,956,662 Unaudited 1 Cash3 Kenya ( both3 Government KLocalenya Government& Foreign) and other and securities other securities held for held dealing for dealing purposes purposes 76,769 69,666 87,228 92,665 4 Financial4 Financial Assets at Assets fair value at fair through value through profit profitand loss and loss 2 Balances5 Investment5 dueInvestment from Securities: Central Securities: Bank of Kenya 2,956,662 2,059,558 2,379,869 5,186,527 3 Kenyaa) GovernmentHeld toa) Maturity:Held to and Maturity: other securities held for dealing purposes 27,307,314 -30,079,138 - - - - 4 Financial a. KenyaAssets a.Government Katenya fair Government value securities through securities profit and loss 27,307,314 -30,079,138 - - - - b. Other b.securities Other securities 5 Investmentb) Available Securities: for sale: 31,312,226 38,620,202 39,509,240 a) Held a. to Kenya Maturity:b) AGovernmentvailable for sale: securities 31,312,226 - - - 38,620,20231,31 2,2 2- 6 39,509,24034,293,665 - - a. Kenya b. Other Government a.securities Kenya Government securities securities - - - 31,312,22 - 6 34,293,665 - - 6 Deposits and b. Otherbalances securities due from local banking institutions - - - b.7 DepositsOther6 securitiesDeposits and balances and balances due from due banking from local institutions banking institutions abroad 2,889,0811,471,925 2,064,634 2,168,351 - 3,822,033 - b) Available8 Tax7 recoverable Depositsfor sale: and balances due from banking institutions abroad 439,785 34,293,665- 587,02 2 143,51038,620,202 1,47 1,92 5 39,509,240 6,812,4- 32 38,764,017 a.9 LoansKenya8 and GovernmentTax advances recoverable to securities customers (net) 19,237,174 - 34,293,665 23,242 18,426,559 38,620,202 - 12,814,306 39,509,24020,083 38,764,017 10 b. BalancesOther9 securitiesLoans due from and advancesbanking institutionsto customers in (net) the group 24,018,211 20,641,381 19,237,174 18,965,929 11 Investments in associates 6 Deposits12 Investments10 andBalances balances in subsidiary due duefrom companies frombanking local institutions banking in theinstitutions group - - - - 7 Deposits13 Investments11 andInvestments balances in joint venturesindue associates from banking institutions abroad 6,812,432 2,168,351 3,822,033 4,432,513 8 Tax14 recoverableInvestment12 Investments properties in subsidiary companies 20,083 143,510 - 103,152 15 Property13 Investmentsand equipment in joint ventures 888,564 862,950 840,937 9 Loans16 Prepaid and14 advances leaseInvestment rentals to prope customersrties (net) 18,965,929 18,426,559 12,814,306 12,518,524 10 Balances17 Intangible15 duePrope fromassetsrty bankingand equipment institutions in the group 971,589 - 915,152 888, - 564 879,- 876 11 Investments18 Deferred16 Prepaidintax associates asset lease rentals - 214,051 214,050 19 Retirement17 Intan benefitgible assets asset - - - - 12 Investments20 Other assets in subsidiary companies 98,303 124,287 108,905 13 Investments21 TOTAL18 ASSETS Deferredin joint taxventures asset 55,328,548 - - 62,689,134 - 59,776,568 - 14 Investment19 propertiesRetirement benefit asset B LIABILITIES20 Other assets 25,627 105,264 98,303 92,869 15 Property22 Balances21 andT dueOequipmentTAL toA SCentralSETS Bank of Kenya 56,956,597 879,87656,630,65 6 862,95055,328,548 64,098,840,937285 818,210 16 Prepaid23 CustomerB leaseLIA depositsrentalsBILITIES 32,163,816 40,636,396 41,353,684 17 Intangible24 Deposits22 assetsBalances and balances due to due Central to local Bank banking of Kenya institutions - - - - - - - 25 Deposits23 Customer and balances deposits due to foreign banking institutions 28,366,4111,300,4507 3 1,285,769 8,619,99232,163, 816 4,428,62341,732,6 33 18 Deferred26 Other tax money asset market deposits - 214,051 214,050 214,050 19 Retirement27 Borrowed24 benefitDeposits funds andasset balances due to local banking institutions - - - - 20 Other28 Balances assets25 Deposits due to banking and balances institutions due to inforeign the group banking institutions 17,933,281 192,8693,538,960 1124,2871,300,45 0 108,90510,173,824 95,495 29 Tax2 payable6 Other money market deposits 136,758 - 16,490 21 TOTAL30 Dividends ASSETS27 Borrowed payable funds 64,098,285 62,689,134 59,776,568 62,225,153 31 Deferred28 Balances tax liability due to banking institutions in the group 2,842 - - B LIABILITIES32 Retirement29 Tax benefitpayable liability 21,592 95,890 - 82,80713 6,758 75,557 - 33 Other30 liabilitiesDividends payable 126,671 158,561 175,161 22 Balances34 TOTAL due LIABILITIES to Central Bank of Kenya 43,826,427 49,497,756 46,049,515 23 Customer31 depositsDeferred tax liability 1,497 41,732,633 2,84 1 40,636,396 2,842 41,353,684 2,842 45,731,394 24 Deposits C SHAREHOLDERS’32 andRetirement balances FUNDSbenefit due toliability local banking institutions 99,250 97,7 -89 95,890 - 87,2 62- - 35 Paid33 up /AssignedOther liabilities capital 121,9701,000,000 80,282 1,000,00012 6,671 1,000,000147,591 25 Deposits36 Share34 and premium/(discount)TO balancesTAL LIABI LITdueIES to foreign banking institutions 46,544,007 10,173,824 45,005,64 1 8,619,992 43,826,42 7 4,428,62352,144,152 1,897,735 26 Other37 Revaluation moneyC SHA market reservesREHOLDERS’ depositsFUNDS 742,014 730,530 730,530 27 Borrowed38 Retained35 fundsP earnings/Accumulatedaid up /Assigned capital losses 1,000,0009,760,107 1,000,000 11,460,848 1,000,000 11,996,523 1,000,000 39 Statutory36 Share loan premium/(discount)loss reserves - - - 28 Balances40 Other due Reserves to banking institutions in the group 29 Tax41 payableProposed37 Revaluation dividends reserves 743,180 742,01 - 4 742,0 1- 4 16,490742,014 - 30 Dividends42 Capital38 payable grantsRetained earnings/Accumulated losses 8,418,410 9,665,001 9,760,107 10,212,119 43 TOTAL39 SHAREHOLDERS’Statutory loan loss FUNDSreserves 251,00011,502,121 218,000 13,191,378 - 13,727,053 - 31 Deferred44 Minority40 tax Other Interestliability Reserves 2,842 - - - 32 Retirement45 TOTAL41 LIABILITIES benefitProposed liability dividends AND SHAREHOLDERS’ FUNDS 55,328,548 87,262 62,689,134 82,807 59,776,568 75,557 76,788 33 Other liabilities42 Capital grants 147,591 158,561 175,161 225,425 34 TOTALII STATEMENT LIABILITIES43 TOTAL OF SHA COMPREHENSIVEREHOLDERS’ FUN DSINCOME 10,412,590 52,144,15211,625,01 5 49,497,75611,502,12 1 46,049,51511,954,133 47,931,342 C SHAREHOLDERS’44 Minority FUNDS Interest 1.0 INTEREST45 TO INCOMETAL LIABILITIES AND SHAREHOLDERS’ FUNDS 56,956,597 56,630,656 55,328,548 64,098,285 35 Paid1.1 Loansup /Assigned and advances capital 453,679 1,000,000 1,826,969 1,000,000 425,6961,000,000 1,000,000 36 Share1.2 Government premium/(discount)II STATE securitiesMENT OF COMPREHENSIVE INCOME 861,340 3,879,392 1,043,177 37 Revaluation1.3 Deposits1.0 I reservesNTEandR placementsEST INCOM Ewith banking institutions 16,902 742,014 87,484 730,530 19,495 730,530 730,530 1.4 Other1.1 InterestLoans Incomeand advances 937,309 - 1,992,411 4 -5 3,679 920,- 302 38 Retained1.5 Total1.2 earnings/AccumulatedinterestGovernment income securities losses 1,483,3831,331,921 10,212,119 3,127,37 0 5,793,845 11,460,848 86 1,340 1,488,368 11,996,523 1,785,442 12,563,281 39 Statutory1.3 loanDeposits loss reserves and placements with banking institutions 24,544 65,4 -3 6 16,902 - 36,8 0-7 - 40 Other2.0 INTEREST Reserves EXPENSE 2.1 Customer1.4 Other deposits Interest Income - 505,135 - 2,286,580 - 588,663 - 41 Proposed2.2 Deposits1.5 dividendsT andotal placementinterest income from banking institutions 2,445,236 81,356 5,185,217 348,054 1,33 1,921 78,258 2,742, 551 42 Capital2.3 Other 2.0grants interestINTER expensesEST EXPENSE 43 TOTAL2.4 Total SHAREHOLDERS’2.1 interestCustomer expenses deposits FUNDS 872,548 586,491 11,954,133 1,845,57 4 2,634,634 13,191,378505, 13 5 13,727,053 666,921 1,047,498 14,293,811 3.0 NET2.2 INTERESTDeposits INCOME/(LOSS) and placement from banking institutions 148,907 745,430 327,433 3,159,2118 1,356 821,447169, 206 44 Minority2.3 InterestOther interest expenses 45 TOTAL4.0 NON-INTEREST LIABILITIES2.4 Total int erestINCOME AND expenses SHAREHOLDERS’ FUNDS 1,021,455 64,098,285 2,173,00 7 62,689,134586,49 1 59,776,568 1,216,704 62,225,153 4.1 Fees and commissions on loans and advances 23,403 76,570 23,029 4.2 Other3.0 feesNE andT INTE commissionsREST INCOM E/(LOSS) 1,423,781 16,706 3,012,210 66,079745,4 30 17,240 1,525,8 47 II.