Investor Presentaiton
GROUP CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2021
GROUP CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2021
2021
Notes
AED 000
2020
AED 000
Interest and similar income
Interest and similar expense
Net interest income
Income from Islamic financing and investment products
24
23,663,509
25,228,101
24
(8,929,717)
(9,191,762)
Group profit for the year after tax
2021
AED 000
9,305,970
2020
AED 000
6,965,169
14,733,792
16,036,339
Other comprehensive income
25
2,822,009
2,789,375
Distribution on Islamic deposits and profit paid to Sukuk holders
Net income from Islamic financing and investment products
Net interest income and income from Islamic financing and
investment products net of distribution to depositors
Fee and commission income
26
(631,241)
(1,338,514)
Items that will not be reclassified subsequently to the income statement:
Actuarial gains/(losses) on retirement benefit obligations
(34,939)
(52,397)
2,190,768
1,450,861
Movement in fair value reserve (equity instruments):
- Net change in fair value
(23,547)
(468,848)
16,924,560
17,487,200
Fee and commission expense
Net fee and commission income
Net gain on trading securities
Other operating income
Total operating income
General and administrative expenses
6,475,045
(2,639,234)
5,626,623
(1,972,060)
27
29
282
3,835,811
3,654,563
Items that may be reclassified subsequently to the income statement:
Cost of hedging for forward element of a forward and currency basis spread
excluded from hedge effectiveness testing:
28
150,818
2,910,461
23,821,650
23,210,708
30
(7,991,521)
(7,856,307)
Operating profit before impairment
15,830,129
15,354,401
180,044
1,888,901
Net changes in the cost of hedging
Cash flow hedges:
Effective portion of changes in fair value
Fair value reserve (debt instruments):
- Net change in fair value
(179,138)
(13,776)
-
(333,459)
509,082
Net impairment loss on financial assets
31
(5,898,857)
(7,936,109)
- Net amount transferred to income statement
Operating profit after impairment
9,931,272
7,418,292
- Related deferred tax
Share of profit of associate and (loss) on its disposal
15
Group profit for the year before tax
(21,137)
9,910,135
12,173
7,430,465
Taxation charge
Group profit for the year after tax
(604,165)
9,305,970
(465,296)
6,965,169
Other comprehensive income for the year
Total comprehensive income for the year
(644,244)
423,587
(182,728)
(71,795)
160,609
(33,042)
Currency translation reserve
(4,720,325)
(1,864,182)
Hedge of a net investment in foreign operations
28,733
(36,755)
(5,929,038)
3,376,932
(1,608,126)
5,357,043
Attributable to:
Equity holders of the Group
Non-controlling interest
Group profit for the year after tax
Earnings per share
34
9,297,537
8,433
9,305,970
6,959,545
5,624
Attributable to:
Equity holders of the Group
6,965,169
Non-controlling interest
1.38
1.00
Total comprehensive income for the year
3,368,499
8,433
5,351,419
5,624
3,376,932
5,357,043
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.
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.
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EMIRATES NBD BANK PJSC - GROUP CONSOLIDATED FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31 DECEMBER 2021
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