Investor Presentaiton
65
NOTES TO THE GROUP CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
28
NET GAIN ON TRADING SECURITIES
Realised gain/(loss) on trading securities
Unrealised gain/(loss) on trading securities
29
OTHER OPERATING INCOME
NOTES TO THE GROUP CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
31
NET IMPAIRMENT LOSS ON FINANCIAL ASSETS
The charge to the income statement for the net impairment loss on financial assets is made up as follows:
2021
2020
AED 000
AED 000
2021
AED 000
2020
AED 000
164,528
211,643
(13,710)
(31,599)
Net impairment of cash and deposits with central bank
Net impairment of due from banks/other assets
(878)
122
23,166
123,349
150,818
180,044
Net impairment of investment securities
(12,481)
22,955
Net impairment of loans and receivables (refer note 46 I)
6,234,860
7,875,539
Net impairment of unfunded exposures
64,678
Bad debt written off/(recovery) - net
(410,488)
5,898,857
70,914
(156,770)
7,936,109
2021
2020
AED 000
AED 000
Dividend income on equity investment measured at FVOCI
Dividend income on equity investments measured at FVTPL
Gain from sale of debt investment securities measured at FVOCI
Gain/(loss) from investment securities designated at fair value
through profit or loss
1,604
5,228
17,138
16,831
32
32
182,728
71,795
12,282
Rental income
27,921
(314,973)
32,618
33
Gain/(loss) on sale of properties (investment properties /
inventories)
(3,063)
Foreign exchange income/(loss)*
(3,011,929)
(34)
1,855,252
Derivative income/(loss)
34
4,740,191
(82,617)
Other income (net)**
943,589
304,801
2,910,461
1,888,901
*Foreign exchange income/(loss) comprises trading and translation gain/(loss) and gain/(loss) on dealings
with customers.
**Includes gain on sale of Dubai Bank (P.J.S.C) amounting to AED 0.3 billion.
30
GENERAL AND ADMINISTRATIVE EXPENSES
DIRECTOR'S FEES
This comprises of fees payable to the Director's of the Group of AED 31 million (2020: AED 31 million).
TAXATION
At 31 December 2021 provisions for tax primarily relates to overseas branch operations and subsidiaries
amounting to AED 227 million (2020: AED 312 million) (refer Note 20).
EARNINGS PER SHARE
The Group presents basic and diluted Earnings Per Share (EPS) data for its ordinary shares. Basic EPS is
calculated by dividing the profit or loss attributable to ordinary shareholders (further adjusted for interest
expense on Tier I capital notes) of the Group by the weighted average number of ordinary shares outstanding
during the year. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders
and the weighted average number of ordinary shares outstanding for the effects of all diluted potential
ordinary shares, if any.
2021
2020
Staff cost
Occupancy cost
AED 000
4,565,721
AED 000
Profit for the year attributable to equity holders
4,616,680
Deduct: Interest on Tier 1 capital notes
275,830
321,071
Net profit attributable to equity holders
Equipment and supplies
197,258
220,854
Information technology cost
361,392
312,638
Weighted average number of equity shares in issue ('000)
Earnings per share* (AED)
Communication cost
267,563
265,037
*The diluted and basic EPS were the same at the year end.
Service, legal and professional fees
282,528
224,881
Marketing related expenses
162,317
165,251
Depreciation
780,682
840,285
Amortisation of intangibles
163,296
163,296
Others
934,934
726,314
7,991,521
7,856,307
EMIRATES NBD BANK PJSC - GROUP CONSOLIDATED FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31 DECEMBER 2021
66
99
2021
AED 000
2020
AED 000
9,297,537
6,959,545
(592,233)
(651,088)
8,705,304
6,308,457
6,310,696
6,310,696
1.38
1.00
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