ABK Financial and Strategic Overview
Income Statement
Based on consolidated IFRS financials
الأهلي
авк
2
2014
2015
2016
2017
2018
CAGR
9M 2018
9M 2019
(KD, 000)
%
Interest income
Interest expense
111,829
127,003
179,408
188,965
221,067
18.57%
161,745
184,711
(27,469)
(32,610)
(70,222)
(76,533)
(99,285)
37.88%
(71,676)
(89,444)
Net interest income
84,360
94,393
109,186
112,432
121,782
9.61%
90,069
95,267
Net fee and commission income
22,030
25,228
30,317
29,047
31,148
9.04%
23,044
24,147
Net foreign exchange gain
2,973
3,134
3,970
4,625
5,053
14.18% i
4,409
3,824
Net (loss)/gain on investment securities
1,860
(1,008)
(2,549)
4,943
3,922
20.50%
4,010
1,952
Dividend income
2,671
3,478
2,162
1,999
2,614
-0.54%
2,551
1,690
Share of results of associate
1,976
2,506
2,571
2,173
3,220
12.98%
2,206
2,180
Other income
1,740
801
1,860
1,773
1,076
-11.32%
514
644
Operating income
117,610
128,532
147,517
156,992
168,815
9.46%
126,803
129,704
Staff expenses
Other operating expenses
(22,181)
(25,608)
(34,236)
(34,161)
(35,327)
12.34%
(26,211)
(28,325)
(11,524)
(13,849)
(19,435)
(21,182)
(24,882)
21.22%
(18,251)
(18,160)
Depreciation and amortisation
(1,366)
(1,729)
(4,417)
(3,835)
(4,932)
37.85%
(3,647)
(4,034)
Operating expenses
(35,071)
(41,186)
(58,088)
(59,178)
(65,141)
16.74%
(48,109)
(50,519)
Operating profit for the year
82,539
87,346
89,429
97,814
103,674
5.87% !
78,694
79,185
Net gain from business combination
8,005
Provisions on credit facilities
General
(21,604)
(43,993)
(21,488)
(25,336)
Specific
(20,196)
(14,686)
(29,325)
(32,186)
(11,649)
(44,530)
-14.31%
21.86%
(48,435)
(60,597)
Net impairment on investment securities and
(581)
(2,750)
(1,626)
(431)
others
-100.00% !
Profit for the year
40,158
33,922
36,990
39,861
47,495
4.28%
30,259
18,588
Directors' fees
(360)
(480)
(375)
(495)
(593)
13.29%
Taxation
(2,212)
(3,074)
(4,103)
(3,616)
(4,693)
20.69%
(3,136)
(3,037)
Net profit for the year
37,586
30,368
32,512
35,750
42,209
2.94%
27,123
15,551
Attributable to:
Shareholders of the Bank
37,586
30,360
32,472
35,661
42,115
2.89%
27,058
15,428
Non-controlling interests
8
40
89
94
65
123
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