Investor Presentaiton
INDEPENDENT AUDITORS' REPORT (CONTINUED)
To the Shareholders of Emirates NBD Bank PJSC (continued)
Auditor's Responsibilities for the Audit of the Consolidated Financial Statements (continued)
We also provide those charged with governance with a statement that we have complied with relevant ethical
requirements regarding independence, and to communicate with them all relationships and other matters that
may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with the Group's Audit Committee, we determine those matters that were of
most significance in the audit of the consolidated financial statements of the current period and are therefore the
key audit matters. We describe these matters in our auditor's report unless law and regulations preclude public
disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be
communicated in our report because the adverse consequences of doing so would reasonably be expected to
outweigh the public interest benefits of such communication.
Report on Other Legal And Regulatory Requirements
As required by the UAE Federal Law No. (2) of 2015, we report that, for the year ended 31 December 2021
• We have obtained all the information we considered necessary for the purposes of our audit;
•
•
The consolidated financial statements have been prepared and comply, in all material respects, with the
applicable provisions of the UAE Federal Law No. (2) of 2015 (as amended);
The Bank has maintained proper books of account;
The financial information included in the Directors' report is consistent with the books of account and records
of the Bank;
⚫ Note 11 to the consolidated financial statements discloses the Bank's purchases or investments in shares during
the year ended 31 December 2021;
Note 39 to the consolidated financial statements discloses material related party transactions and the terms
under which they were conducted and principles of managing conflict of interest;
⚫ Based on the information that has been made available to us nothing has come to our attention which causes
us to believe that the Bank has contravened during the year ended 31 December 2021 any of the applicable
provisions of the UAE Federal Law No. (2) of 2015 (as amended) or of its Articles of Association which would
materially affect its activities or its financial position as at 31 December 2021; and
•
Note 48 to the consolidated financial statements of the Group discloses social contributions made during the
year ended 31 December 2021.
Further, as required by UAE Federal Law No. (14) of 2018, we report that we have obtained all the information and
explanations we considered necessary for the purpose of our audit.
Deloitte & Touche (M.E.)
GROUP CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021
ASSETS
Cash and deposits with Central Bank
Due from banks
Investment securities
Loans and receivables
Positive fair value of derivatives
Customer acceptances
Property and equipment
Goodwill and intangibles
Other assets
TOTAL ASSETS
LIABILITIES
Due to banks
Customer deposits
Debt issued and other borrowed funds
Sukuk payable
Negative fair value of derivatives
Customer acceptances
Other liabilities
TOTAL LIABILITIES
EQUITY
Issued capital
Treasury shares
Tier I capital notes
Share premium reserve
Legal and statutory reserve
Other reserves
Fair value reserve
Currency translation reserve
Retained earnings
TOTAL EQUITY ATTRIBUTABLE TO EQUITY AND NOTE HOLDERS
OF THE GROUP
Non-controlling interest
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY
2021
Notes
9
AED 000
70,753,613
2020
AED 000
100,841,896
10
45,343,248
34,997,680
11
106,156,886
72,695,287
12
422,272,390
443,541,469
35
10,658,925
13,697,399
38
11,343,522
8,837,724
3,747,621
4,080,042
11
14
5,981,491
6,313,171
15
11,178,922
687,436,618
13,082,805
698,087,473
678038 2
16
17
43,755,207
456,483,888
51,672,068
464,197,034
18
19
63,387,228
3,672,500
54,662,670
5,510,933
35
9,186,321
10,775,231
20
11,343,522
16,028,263
603,856,929
8,837,724
17,813,715
613,469,375
21
21
222222
6,316,598
(46,175)
9,128,652
6,316,598
(46,175)
10,379,786
17,954,164
17,954,164
23
3,158,299
3,158,299
23
2,945,393
2,945,393
23
(725,815)
476,692
23
(8,299,265)
53,088,213
83,520,064
(3,607,673)
47,014,778
84,591,862
59,625
26,236
83,579,689
687,436,618
84,618,098
698,087,473
Akbar Ahmad
Registration No. 1141
25 January 2022
Dubai
United Arab Emirates
9
EMIRATES NBD BANK PJSC - GROUP CONSOLIDATED FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31 DECEMBER 2021
10
The attached notes 1 to 50 form an integral part of these Group consolidated financial statements.
The independent auditors' report on the Group consolidated financial statements is set out on pages 4 to 9.
Chairman
Vice Chairman
#
Chief Executive Officer
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