Emirates Investment Bank P.J.S.C.
CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION
For the six month period ended 30 June 2022
Emirates Investment Bank P.J.S.C.
Review report and condensed consolidated interim financial information for the six month period ended 30 June 2022
Contents | Pages |
Review report on condensed consolidated interim financial information | 1 |
Condensed consolidated interim statement of financial position | 2 |
Condensed consolidated interim statement of profit or loss | 3 |
Condensed consolidated interim statement of other comprehensive income | 4 |
Condensed consolidated interim statement of cash flows | 5 |
Condensed consolidated interim statement of changes in equity | 6-7 |
Notes to the condensed consolidated interim financial information | 8 - 24 |
Emirates Investment Bank P.J.S.C.
CONDENSED CONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS
For the six month period ended 30 June 2022 (Unaudited)
Three month period ended | Six month period ended | ||||
30 June | 30 June | ||||
2022 | 2021 | 2022 | 2021 | ||
Notes | AED'000 | AED'000 | AED'000 | AED'000 | |
Interest income | 8 | 10,276 | 8,972 | 19,058 | 18,156 |
Net income from investments | 9 | 14,921 | 19,509 | 25,961 | 31,233 |
─────── | ─────── | ─────── | ─────── | ||
25,197 | 28,481 | 45,019 | 49,389 | ||
Interest expense | (7,759) | (6,938) | (15,261) | (13,684) | |
─────── | ─────── | ─────── | ─────── | ||
INTEREST AND INVESTMENT | 17,438 | 21,543 | 29,758 | 35,705 | |
INCOME, NET | |||||
Fee, commission and other income | 5,926 | 4,322 | 11,598 | 9,636 | |
Exchange gain, net | 954 | 380 | 1,448 | 1,117 | |
─────── | ─────── | ─────── | ─────── | ||
OPERATING INCOME | 24,318 | 26,245 | 42,804 | 46,458 | |
─────── | ─────── | ─────── | ─────── | ||
General and administrative expenses | (15,033) | (19,257) | (29,864) | (35,102) | |
Net impairment (loss)/reversal on | |||||
financial assets | 6.1 | (6,043) | 358 | (53,331) | 2,995 |
─────── | ─────── | ─────── | ─────── | ||
OPERATING EXPENSES | (21,076) | (18,899) | (83,195) | (32,107) | |
─────── | ─────── | ─────── | ─────── | ||
PROFIT/(LOSS) FOR THE PERIOD | 3,242 | 7,346 | (40,391) | 14,351 | |
═══════ | ═══════ | ═══════ | ═══════ | ||
Attributable to: | |||||
Equity holders of the parent | 3,242 | 7,346 | (40,391) | 14,351 | |
Non-controlling interests | - | - | - | - | |
─────── | ─────── | ─────── | ─────── | ||
PROFIT/(LOSS ) FOR THE PERIOD | 3,242 | 7,346 | (40,391) | 14,351 | |
═══════ | ═══════ | ═══════ | ═══════ | ||
BASIC AND DILUTED | |||||
EARNINGS/(LOSS) PER SHARE | |||||
ATTRIBUTABLE TO EQUITY | 10 | 4.63 | 10.49 | (57.70) | 20.50 |
HOLDERS OF THE PARENT (in AED) | |||||
═══════ | ═══════ | ═══════ | ═══════ |
The accompanying notes from pages 8 to 24 form an integral part of this condensed consolidated interim financial information.
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