Financial Statements
| Notes | 2012 AED’000 | 2011 AED’000 | 2012 US$’000 | ||||
Interest income |
26 |
7,469,680 |
7,347,673 |
2,033,672 |
|||
Interest expense |
27 |
(2,356,370) |
(2,805,554) |
(641,538) |
|||
Net interest income |
|
5,113,310 |
4,542,119 |
1,392,134 |
|||
Income from Islamic financing |
23 |
354,045 |
351,073 |
96,391 |
|||
Islamic profit distribution |
23 |
(260,124) |
(211,093) |
(70,820) |
|||
Net income from Islamic financing |
|
93,921 |
139,980 |
25,571 |
|||
Total net interest and Islamic financing income |
|
5,207,231 |
4,682,099 |
1,417,705 |
|||
Net fees and commission income |
28 |
940,035 |
898,157 |
255,931 |
|||
Net trading income |
29 |
302,686 |
334,769 |
82,408 |
|||
Decrease in fair value of investment properties |
12 |
(28,836) |
(11,900) |
(7,850) |
|||
Other operating income |
30 |
174,032 |
166,287 |
47,381 |
|||
Operating income |
|
6,595,148 |
6,069,412 |
1,795,575 |
|||
Operating expenses |
31 |
(2,069,264) |
(2,063,225) |
(563,371) |
|||
Operating profit before impairment allowances |
|
4,525,884 |
4,006,187 |
1,232,204 |
|||
Impairment allowances |
32 |
(1,709,719) |
(2,397,828) |
(465,483) |
|||
Share of profit of associates |
11 |
– |
158,658 |
– |
|||
Net gain on sale of investment in associate |
11 |
– |
1,314,315 |
– |
|||
Profit before taxation |
|
2,816,165 |
3,081,332 |
766,721 |
|||
Overseas income tax expense |
|
(5,830) |
(36,221) |
(1,588) |
|||
Net profit for the year |
|
2,810,335 |
3,045,111 |
765,133 |
|||
Attributed to: |
|
|
|
|
|||
Equity holders of the Bank |
|
2,735,810 |
3,025,865 |
744,843 |
|||
Non-controlling interests |
|
74,525 |
19,246 |
20,290 |
|||
Net profit for the year |
|
2,810,335 |
3,045,111 |
765,133 |
|||
Basic earnings per share (AED/USD) |
33 |
0.45 |
0.51 |
0.12 |
|||
Diluted earnings per share (AED/USD) |
33 |
0.45 |
0.50 |
0.12 |