Annual Report 2017

Your Partner for Growth

Financial Statements

Statement of Changes in Equity

For the year ended 31 December 2018

  •  
  • Balance as at 01 January 2017
  • Profit for the year
  • Other comprehensive income, net of tax:
  • Fair value reserve (available-for-sale
    financial assets):
  • Net change in fair value
  • Related tax on available for sale financial
    assets
  • Reclassification adjustments relating to
    available for sale investments disposed
    off during the year – net
  • Related tax on loss on disposal of available
    for sale investments during the year
  • Total comprehensive income
  • Transferred to capital reserve
  • Transactions with owners of the bank
  • Dividend paid
  • Balance as at 31 December 2017
  • Share capital
    AFN ‘000’
  • 1,465,071
  • -
  •  
  •  
  • -
  • -
  • -
  • -
  •  
  • -
  •  
  • -
  • 1,465,071
  • Surplus on available
    for sale on investments
    AFN ‘000’
  • 5,564
  • -
  •  
  •  
  • (15,382)
  • 3,076
  • 12,862
  • (2,572)
  •  
  • -
  •  
  • -
  • 3,548
  • Capital reserve
    AFN ‘000’
  • 218,600
  • -
  •  
  •  
  • -
  • -
  • -
  • -
  •  
  • 17,897
  •  
  • -
  • 236,497
  • Retained earnings
    AFN ‘000’
  • 2,211,835
  • 357,945
  •  
  •  
  • -
  • -
  • -
  • -
  •  
  • (17,897)
  •  
  • (406,500)
  • 2,145,383
  • Total
    AFN ‘000’
  • 3,901,070
  • 357,945
  •  
  •  
  • (15,382)
  • 3,076
  • 12,862
  • (2,572)
  •  
  • -
  •  
  • (406,500)
  • 3,850,499
  •  
  • Balance as at 01 January 2018
  • Effect due to adoption of IFRS 9
  • Restated opening balance under
    IFRS 9
  • Profit for the year
  • Other comprehensive income, net of tax:
  • Fair value reserve (available-for-sale
    financial assets):
  • Net change in fair value
  • Related tax on available for sale financial
    assets
  • Reclassification adjustments relating to
    available for sale investments disposed
    off during the year – net
  • Related tax on loss on disposal of available
    for sale investments during the year
  • Total comprehensive income
  • Transferred to capital reserve
  • Transactions with owners of the bank
  • Dividend paid
  • Balance as at 31 December 2018
  • Total comprehensive income
  • Balance as at 31 December 2018
  • Share capital
    AFN ‘000’
  • 1,465,071
  • -
  • 1,465,071
  • -
  •  
  •  
  • -
  • -
  • -
  • -
  •  
  • -
  •  
  • -
  • 1,465,071
  •  
  • 1,465,071
  • Revaluation loss on debt
    instruments at fair value through other
    comprehensive income AFN ‘000’
  • 3,548
  • -
  • 3,548
  • -
  •  
  •  
  • (107,431)
  • 21,486
  • (5,565)
  • 1,113
  •  
  • -
  •  
  • -
  • (90,397)
  •  
  • (86,849)
  • Capital reserve
    AFN ‘000’
  • 236,497
  • -
  • 236,497
  • -
  •  
  •  
  • -
  • -
  • -
  • -
  •  
  • 23,908
  •  
  • -
  • 23,908
  •  
  • 260,405
  • Retained earnings
    AFN ‘000’
  • 2,145,383
  • (8,110)
  • 2,137,273
  • 478,165
  •  
  •  
  • -
  • -
  • -
  • -
  •  
  • (23,908)
  •  
  • (645,000)
  • (190,743)
  •  
  • 1,946,530
  • Total
    AFN ‘000’
  • 3,850,499
  • (8,110)
  • 3,842,389
  • 478,165
  •  
  •  
  • (107,431)
  • 21,486
  • (5,565)
  • 1,113
  •  
  • -
  •  
  • (645,000)
  • (257,232)
  •  
  • 3,585,157

Chief Executive Officer

Chief Financial Officer

Chairman

The annexed notes 1 to 34 form an integral part of these financial statements.