ABK Strategic Overview and Financial Performance
Income Statement
Based on consolidated IFRS financials
الأهلي
авк
23
2014
2015
2016
2017
2018
2019
CAGR
(KD, 000)
%
Interest income
111,829
127,003
179,408
188,965
221,067
247,889
17.26%
Interest expense
(27,469)
(32,610)
(70,222)
(76,533)
(99,285)
(120,258)
34.36%
Net interest income
84,360
94,393
109,186
112,432
121,782
127,631
8.63%
Net fee and commission income
22,030
25,228
30,317
29,047
31,148
32,387
8.01%
Net foreign exchange gain
2,973
3,134
3,970
4,625
5,053
4,910
10.55%
Net (loss)/gain on investment securities
1,860
(1,008)
(2,549)
4,943
3,922
2,103
2.49%
Dividend income
2,671
3,478
2,162
1,999
2,614
1,739
-8.22%
Share of results of associate
1,976
2,506
2,571
2,173
3,220
2,894
7.93%
Other income
1,740
801
1,860
1,773
1,076
840
-13.55%
Operating income
117,610
128,532
147,517
156,992
168,815
172,504
7.96%
Staff expenses
Other operating expenses
Depreciation and amortisation
Operating expenses
(22,181)
(25,608)
(34,236)
(34,161)
(35,327)
(37,222)
10.91%
(11,524)
(13,849)
(19,435)
(21,182)
(24,882)
(22,582)
14.40%
(1,366)
(1,729)
(4,417)
(3,835)
(4,932)
(7,219)
39.51%
(35,071)
(41,186)
(58,088)
(59,178)
(65,141)
(67,023)
13.83%
82,539
87,346
89,429
97,814
103,674
105,481
5.03%
8,005
Operating profit for the
year
Net gain from business combination
Provisions on
Credit Facilities
(41,800)
(58,679)
(50,813)
(57,522)
(56,261)
(71,134)
11.22%
Net (impairment)/release on investment securities
(581)
(2,750)
(1,626)
(431)
82
and others
(507)
-2.69%
Profit for the year
40,158
33,922
36,990
39,861
47,495
33,840
-3.37%
Directors' fees
(360)
(480)
(375)
(495)
(593)
(395)
1.87%
Taxation
(2,212)
(3,074)
(4,103)
(3,616)
(4,693)
(4,620)
15.87%
Net profit for the year
37,586
30,368
32,512
35,750
42,209
28,825
-5.17%
Attributable to:
Shareholders of the Bank
37,586
30,360
32,472
35,661
42,115
28,678
-5.27%
Non-controlling interests
8
40
89
94
147
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