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    B. Liabilities

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    Samuel Onyuma
    This document contains audited financial statements and other disclosures for Equity Bank Group as of December 31, 2012. It includes the statement of financial position, income statement, growth in key financial metrics like loans, deposits and assets. It shows strong growth across all metrics from 2007 to 2012. Key highlights include loans growing from 21.8 billion shillings in 2007 to 135.7 billion in 2012, deposits growing from 31.5 billion to 167.9 billion over the same period and assets growing from 50.3 billion to 243.2 billion shillings over that time frame. Ratios show the bank maintaining strong capital and liquidity positions above the minimum requirements.

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    B. Liabilities

    Uploaded by

    Samuel Onyuma
    27 views1 page
    This document contains audited financial statements and other disclosures for Equity Bank Group as of December 31, 2012. It includes the statement of financial position, income statement, growth in key financial metrics like loans, deposits and assets. It shows strong growth across all metrics from 2007 to 2012. Key highlights include loans growing from 21.8 billion shillings in 2007 to 135.7 billion in 2012, deposits growing from 31.5 billion to 167.9 billion over the same period and assets growing from 50.3 billion to 243.2 billion shillings over that time frame. Ratios show the bank maintaining strong capital and liquidity positions above the minimum requirements.

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    This document contains audited financial statements and other disclosures for Equity Bank Group as of December 31, 2012. It includes the statement of financial position, income statement, growth in key financial metrics like loans, deposits and assets. It shows strong growth across all metrics from 2007 to 2012. Key highlights include loans growing from 21.8 billion shillings in 2007 to 135.7 billion in 2012, deposits growing from 31.5 billion to 167.9 billion over the same period and assets growing from 50.3 billion to 243.2 billion shillings over that time frame. Ratios show the bank maintaining strong capital and liquidity positions above the minimum requirements.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views1 page

    B. Liabilities

    Uploaded by

    Samuel Onyuma
    This document contains audited financial statements and other disclosures for Equity Bank Group as of December 31, 2012. It includes the statement of financial position, income statement, growth in key financial metrics like loans, deposits and assets. It shows strong growth across all metrics from 2007 to 2012. Key highlights include loans growing from 21.8 billion shillings in 2007 to 135.7 billion in 2012, deposits growing from 31.5 billion to 167.9 billion over the same period and assets growing from 50.3 billion to 243.2 billion shillings over that time frame. Ratios show the bank maintaining strong capital and liquidity positions above the minimum requirements.

    Copyright:

    © All Rights Reserved
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    of 1

    EQUITY BANK GROUP

    AUDITED FINANCIAL STATEMENTS


    AND OTHER DISCLOSURES AS AT 31ST DECEMBER 2012
    STATEMENT OF FINANCIAL POSITION
    BANK GROUP CONSOLIDATED
    31/12/11
    31/12/12
    31/12/11
    31/12/12

    Shs. 000 Shs. 000 Shs. 000
    Shs. 000

    A. ASSETS Audited Audited Audited Audited
    1. Cash (both Local & foreign)

    2. Balances due from central Bank of Kenya

    3. Kenya Government securities

    4. Foreign Currency Treasury Bills and Bonds

    5. Deposits and balances due from banking institutions

    6. Deposits and balances due from banking institutions abroad

    7. Government and other securities held for dealing purposes

    8. Tax recoverable

    9. Loans and advances to customers (net)

    10. Investment securities

    11. Balances due from group companies

    12. Investments in associates

    13. Investments in subsidiary companies

    14. Investments in joint ventures

    15. Investment properties

    16. Property and equipment

    17. Prepaid lease rentals
    18. Intangible assets
    19. Deferred tax asset
    20. Retirement benefit asset
    21. Other assets

    22. TOTAL ASSETS

    23. Balances due to Central Bank of Kenya



    24. Customer deposits

    25. Deposits and balances due to Local banking institutions

    26. Deposits and balances due to Foreign banking institutions
    27. Other money market deposits
    28. Borrowed funds
    29. Balances due to group companies
    30. Tax payable
    31. Dividends payable.

    32. Deferred tax liability

    33. Retirement benefit liability
    34. Other liabilities

    35. TOTAL LIABILITIES

    36. Paid up/Assigned capital



    37. Share premium / (discount)
    38. Revaluation reserve
    39. Retained earnings / Accumulated losses
    40. Statutory Loan Loss reserve
    41. Proposed dividends

    42. Capital grants

    INTEREST EXPENSES

    OTHER OPERATING INCOME

    OPERATING EXPENSES

    162,008,349

    1,851,388
    12,161,021
    (1,062,134)
    17,974,523
    419,845
    3,702,777
    -

    173,157,537

    1,851,388
    12,161,021
    (731,853)
    24,308,413
    454,323
    4,628,471
    -

    42,671,763
    215,829,300

    15,266,771

    2,664,817

    444,422

    -

    25,383,447
    2,794,769
    311,683
    6,626

    3,140,853
    4,913,791
    821,075
    188,196
    842,557

    12,103,514

    Current tax
    Deferred tax

    Earnings Per Share (Shs)


    Dividend Per Share (Shs)

    OTHER DISCLOSURES

    3,282,313
    5,187,917
    696,827
    180,078
    415,915

    9,763,050
    31,874,668

    1,455,875
    5,884,522
    20,110
    846,935
    1,734,133
    283,953
    5,589,533

    5,166,764
    258,598
    1,458,452

    3,353,706
    5,923,170
    1,969,830
    23,269
    1,177,033

    1,629,648
    5,988,598
    26,085
    927,935
    1,581,625
    163,723
    5,673,288

    (5,568,537)
    505,769

    2.64
    1.00

    2.97
    1.25

    10,996,839

    12,863,346
    36,827,479

    1,608,316
    7,145,470
    26,887
    1,460,912
    2,028,220
    287,775
    7,021,225

    154,876

    170,733

    (2,696,218)
    187,356

    12,834,019

    3,560,952
    6,309,445
    1,900,459
    5,195
    1,087,295

    16,059,607

    10,325,157

    (In Kshs millions)

    17,419

    16,000
    14,000

    12,834

    12,000
    10,000

    9,045

    8,000
    6,000
    4,000

    5,022

    5,278

    2008

    2009

    2,378

    2,000
    0

    2007

    2010

    2011

    2012

    GROWTH IN LOAN PORTFOLIO


    (In Kshs millions)

    140,000
    120,000

    135,692

    113,824

    100,000
    80,000

    78,302
    63,378

    60,000
    44,194
    40,000
    21,836
    20,000
    0

    2007

    2008

    2009

    2010

    2011

    2012

    30,847,947

    15,990,902
    12,679,143

    GROWTH IN PROFIT BEFORE TAX

    180,000

    GROWTH IN CUSTOMER DEPOSITS


    (In Kshs millions)

    160,000

    167,913

    144,165

    140,000
    120,000
    104,431
    100,000
    80,000

    69,843

    60,000
    40,000

    50,334
    31,536

    20,000
    0

    2007

    2008

    2009

    2010

    2011

    2012

    19,578,805
    17,248,674
    17,419,407

    (5,878,980)
    539,828

    2.79
    1.00

    12,080,255

    3.26
    1.25
    250,000

    243,170

    4,018,405
    1,227,189

    3,250,727
    561,970

    1,086,410
    1,462,198

    1,982,429
    808,787

    1,118,456
    1,570,301

    167,877

    3,279,331
    2,809,179

    6,088,510

    3,464,360
    3,394,249

    3,279,331
    2,895,314

    7,005,822

    a) Letter of Credit, guarantees, acceptances


    b) Forwards, Swaps and Options
    c) Other contigent Liabilities

    d) Total contigent Liabilities

    4,900,656
    826
    2,334,733

    5,166,588
    8,873
    2,294,355

    5,415,359
    826
    2,336,846

    6,029,673
    8,873
    2,294,355

    a) Core Capital
    b) Minimum statutory capital

    19,589,322
    700,000

    29,524,772
    1,000,000

    These financial statements are extracts from the books of


    the institution as audited by Ernst & Young and received
    unqualified opinion.

    15,216,709

    The complete set of audited financial statements, statutory and


    qualitative disclosures can be accessed on the Institutions

    d) less Loan loss provision


    e) Net non - performing loans (c-d)

    f) Discounted value of securities


    g) Net NPLs Exposure (e-f)

    2) INSIDER LOANS AND ADVANCES

    a) Directors, shareholders and associates


    b) Employees

    c) Total insider Loans and Advances and other Facilities


    3) OFF BALANCE SHEET ITEMS

    2,548,608

    2,791,216

    1,294,321

    630,798

    d) Supplementary capital

    e) Total Capital (a+d)

    18,889,322

    8,044,140

    27,633,462

    1,570,301

    177,989

    6,858,609

    7,236,216
    7,469,816
    4) CAPITAL STRENGTH
    c) Excess / (defficiency)

    2,688,757

    28,524,722
    44,741,481

    f) Total Risk Weighted Assets 127,548,066 148,659,773


    Ratios
    g) Core Capital / Total Deposit Liabilities
    16%
    21%
    h) Minimum statutory ratio

    8%

    8%

    i) Excess / (defficiency) (g-h)

    8%

    13%

    l) Excess / (defficiency) (j-k)

    7%

    12%

    o) Excess / (defficiency) (m-n)


    5) LIQUIDITY

    10%

    18%

    j) Core Capital / Total Risk Weighted Assets


    15%
    20%
    k) Minimum statutory Ratio
    8%
    8%
    m) Total Capital / Total Risk Weighted assets
    n) Minimum statutory Ratio

    22%
    12%

    30%
    12%

    a) Liquidity Ratio
    b) Minimum statutory Ratio
    c) Excess / (defficiency) (a-b)

    37%
    20%
    17%

    46%
    20%
    26%

    6,174,645

    7,753,031

    4,312,567
    1,257,238

    GROWTH IN TOTAL ASSETS


    (In Kshs millions)

    3,091,732
    543,124

    c) Total Non-Performing loans and advances (a-b)

    2,131,451
    179,068
    806,014

    15,815,061
    16,059,607

    1) NON PERFORMING LOANS AND ADVANCES


    a) Gross non performing loans and advances
    b) Less Interest in suspense

    27,471,533
    3,020,913
    271,147
    84,354

    12,447,008
    28,670,045

    (2,507,167)
    177,510

    9,773,857

    3,116,533
    6,883,814
    16,223,036 23,964,133

    18,000

    42,916,388
    243,170,458

    19,339,570

    Profit/(loss) after exceptional items

    16,580,710
    2,669,330
    84,202
    5,329

    13,363,488
    12,103,514

    1,851,388
    12,161,021
    (1,372,213)
    25,034,934
    566,733
    4,628,471
    46,054

    28,496,525

    9,906,472
    25,467,002
    1,533,233
    5,164,421
    20,986
    687,361
    1,338,748
    144,918
    4,473,821

    1,851,388

    12,161,021

    (1,712,012)

    17,715,214

    567,159

    3,702,777
    -

    4,736,298
    140,999
    1,507,610

    165,812,458
    2,100,325
    26,568,809
    2,365,036
    16,246
    38,122
    3,353,074

    200,254,070

    34,285,547
    196,293,896

    7,703,654
    13,395,120
    22,844,379
    7,959,084
    9,997,868
    14,037,451
    9,993,377
    55,330
    135,692,125
    304,520
    2,286
    1,456,447
    8,494
    9,071,802
    292,358
    2,301,522
    819,876
    7,234,765

    243,170,458

    -
    -
    -
    121,774,061
    140,285,671
    140,446,501

    3,718,360

    2,100,325

    3,718,360

    -
    -
    -

    -
    -
    -
    13,768,876
    25,755,053
    14,792,277

    -
    -
    -
    417,108

    2,257,874

    487,452

    17,265

    16,246

    17,265

    -

    -

    536

    -
    -
    -

    2,167,906

    2,742,368

    2,545,957

    6.8 Total Operating Expenses


    Profit/(loss) before tax and exceptional items

    Profit / (loss) after tax and exceptional items

    196,293,896

    2,815,480
    6,384,907
    15,560,530 22,111,618

    6.1 Loan Loss Provision


    6.2 Staff costs
    6.3 Directors emoluments

    6.4 Rental charges

    6.5 Depreciation on property and equipment

    6.6 Ammortisation charges
    6.7 Other operating expenses

    Exceptional items-share of profit of associate



    7,166,639


    8,565,694


    22,616,694



    26,301



    1,734,925


    17,814,951



    7,594,887



    53,484


    113,823,792


    264,588



    123,080



    1,365,892



    -


    -



    8,494



    7,593,617



    28,661



    2,237,346



    243,546


    -


    5,031,306

    215,829,300

    1,849,599
    159,867
    806,015

    4.1 Fees and commissions income on loans & advances


    4.2 Other Fees and commissions income

    4.3 Foreign exchange trading income

    4.4 Dividend Income
    4.5 Other income

    4.6 Total Non-Interest Income

    TOTAL OPERATING INCOME

    18,376,010

    2.1 Customer deposits


    2.2 Deposits and placements from banking institutions
    2.3 Other Interest expense

    2.4 Total interest Expenses

    NET INTEREST INCOME

    35,047,420
    176,910,996

    1.1 Loans and advances


    1.2 Government securities.

    1.3 Deposits and placements with banking institutions

    1.4 Other

    1.5 Total Interest income


    4,878,652
    13,395,120
    22,798,317



    9,941,086

    7,252,137

    9,993,377


    122,410,013


    983,421

    1,113,049

    8,204,101



    8,494

    6,529,844

    4,138

    1,122,641

    744,341


    6,450,569

    141,863,576

    C. SHAREHOLDERS FUNDS

    STATEMENT OF COMPREHENSIVE INCOME


    INTEREST INCOME

    176,910,996

    B. LIABILITIES

    43. TOTAL SHAREHOLDERS FUNDS


    44. TOTAL LIABILITIES AND SHAREHOLDERS FUNDS

    4,507,264
    8,565,694
    22,604,042
    1,734,925
    4,322,572
    7,594,887
    106,486,367
    1,318,595
    1,259,696
    6,672,186
    8,494
    6,044,159
    4,184
    1,075,697
    238,571
    4,473,664

    3,055,329

    2,099,320
    956,009

    778,019

    177,990

    200,000

    196,294

    150,000

    143,018

    100,000
    53,076

    78,879

    100,812

    50,000
    0

    2007

    2008

    2009

    2010

    2011

    2012

    3,464,360
    3,541,462

    8,332,901

    Website: www.ke.equitybankgroup.com
    They may also be accessed at the institutions head office located at
    Equity Centre, 9th floor, Hospital Road, Upper Hill, after approval by
    members at the Annual General Meeting.
    Signed: DR. JAMES MWANGI, CBS
    CHIEF EXECUTIVE OFFICER/ MANAGING DIRECTOR
    Signed: MR. PETER K. MUNGA, CBS
    CHAIRMAN

    HEAD OFFICE: Equity Centre, 9th floor, P.O. Box 75104-00200 Nairobi Tel: 020-2262000/0711026000/0732112000 Fax:0202737276
    Email:[email protected] Website:www.ke.equitybankgroup.com

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