Investor Presentaiton
15
ATTRIBUTABLE TO EQUITY AND NOTE HOLDERS OF THE GROUP
GROUP CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021
(1,608,126)
2,747,764
Issued
capital (a)
AED 000
Treasury
Tier I
capital
shares
AED 000
notes (b)
AED 000
.............
EMPPY_______
Balance as at 1 January 2020
6,316,598
(46,175)
9,468,272
Share
premium
reserve (a)
AED 000
17,954,164
reserve (c)
Legal and
statutory
AED 000
Currency
Non-
3,158,299
Other
AED 000
2,945,393
reserves (c)
Fair value
AED 000
reserve (c)
translation
reserve (c)
Retained
earnings
AED 000
AED 000
.............
-------------
131,484
(1,706,736) 43,375,416
Profit for the year
6,959,545
Total
AED 000
81,596,715
6,959,545
controlling
interest
Group
Total
AED 000
AED 000
10,146 81,606,861
5,624
6,965,169
Other comprehensive income for the
year
Tier I capital notes issued during the
year (Note 22)
2,747,764
Tier I capital notes redeemed during
the year (Note 22)
(1,836,250)
EMIRATES NBD BANK PJSC - GROUP CONSOLIDATED FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31 DECEMBER 2021
Interest on Tier 1 capital notes
Increase in non-controlling interest
Dividends paid*
Directors' fees (refer Note 32)
6,316,598
(46,175)
-------
10,379,786
17,954,164
____
...-------------
3,158,299
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.
Zakat
Balance as at 31 December 2020
16
Notes:
(a) For further details refer to Note 21
(b) For further details refer to Note 22
(c) For further details refer to Note 23
بنك الإمارات دبي الوطني
Emirates NBD
345,208
(1,900,937)
(52,397)
(1,608,126)
2,747,764
(1,836,250)
(651,088)
(651,088)
-
10,466
(2,524,278)
(31,000)
(61,420)
(2,524,278)
.------------
47,014,778
(31,000)
(61,420)
---------------
84,591,862
26,236
(1,836,250)
(651,088)
10,466
(2,524,278)
(31,000)
(61,420)
.---------------
84,618,098
2,945,393
476,692
(3,607,673)
-------------
NOTES TO THE GROUP CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1
2
3
CORPORATE INFORMATION
Emirates NBD Bank PJSC (the "Bank") was incorporated in the United Arab Emirates on 16 July 2007
consequent to the merger between Emirates Bank International PJSC ("EBI") and National Bank of Dubai
PJSC ("NBD"), under the Commercial Companies Law (Federal Law Number 8 of 1984 as amended) as a
Public Joint Stock Company.
The consolidated financial statements for the year ended 31 December 2021 comprise the financial
statements of the Bank and its subsidiaries (together referred to as the "Group").
The Bank is listed on the Dubai Financial Market (TICKER: "EMIRATESNBD"). The Group's principal business
activities are corporate and institutional banking, retail banking, treasury and Islamic banking. The Bank's
website is www.emiratesnbd.com. For details of activities of subsidiaries, refer to Note 37.
The registered address of the Bank is Post Box 777, Dubai, United Arab Emirates ("UAE").
The parent company of the Group is Investment Corporation of Dubai, a company in which the Government
of Dubai is the majority shareholder.
BASIS OF ACCOUNTING
Statement of Compliance
The Group consolidated financial statements have been prepared in accordance with International Financial
Reporting Standards (IFRSS) issued by the International Accounting Standards Board (IASB) and applicable
requirements of the laws of the UAE.
The principal accounting policies adopted in the preparation of the Group consolidated financial statements
are set out below. These policies have been consistently applied to all years presented, unless otherwise
stated.
FUNCTIONAL AND PRESENTATION CURRENCY
The presentation currency of the consolidated financial statements is the United Arab Emirates Dirham
(AED). The functional currency for a significant proportion of the Group's assets, liabilities, income and
expenses is also AED. However, certain subsidiaries have functional currencies other than AED and AED is
their presentation currency.View entire presentation