AUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES …
1
1,174,945 1,973,662 - - - - - - - 2,215,670 1,141,192 119,645 9,909,696 94,400 846,828 50,282 555,748 782,774 18,864,842 16,125,643 158,901 303,375 - 814,893 17,402,812 390,800 1,172,401 (411,112) 309,941 1,462,030 18,864,842 879,061 - 121,720 1,000,782 187,434 17,364 40,435 245,233 755,549 65,601 292,243 79,272 16,823 453,940 1,209,489 (345,152) 465,372 18,500 405 50,239 24,476 810,167 1,024,007 185,482 185,482 (21,127) 26,572 190,927 190,927 4,699,124 591,373 4,107,751 1,332,148 2,775,603 2,685,833 89,770 572,372 301,940 874,312 194,120 194,120 617,182 1,000,000 (382,818) 513,316 1,130,498 13,962,683 3.8% 8.0% -4.2% 4.4% 10.5% -6.1% 8.1% 14.5% -6.4% 4.2% 4.8% 8.5% 35.1% 20.0% 15.1% 31-Dec-19 Audited AUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES AS AT 31 ST DEC 2020 HEAD OFFICE: P.O Box 26219 GPO 00100 NAIROBI, • • TEL: 2843000 3. OTHER DISCLOSURES 2. STATEMENT OF COMPREHENSIVE INCOME 1. STATEMENT OF FINANCIAL POSITION A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 B 22 23 24 25 26 27 28 29 30 31 32 33 34 C 35 36 37 38 39 40 41 42 43 44 ASSETS Cash balances ( both local & foreign) Balances due from Central Bank of Kenya Kenya Government and other securities held for dealing purposes Financial Assets at Fair value through Profit and loss Investment Securities a) Held to Maturity; i. Kenya Government securities i. Other securities a) Available for sale; i. Kenya Government securities i. Other securities Deposits and balances due from local banking institutions Deposits and balances due from banking institutions abroad Tax recoverable Financing Activities (net) Balances due from Banking instituion in the group Investments in associates Investments in subsidiary companies Investment in joint ventures Investment properties Property and equipment Prepaid operating rental leases Intangible assets Deferred tax asset Retirement benefit asset Other assets TOTAL ASSETS LIABILITIES Balances due to Central Bank of Kenya Customer deposits Deposits and balances due to local banking institutions Deposits and balances due to foreign banking institutions Other money market deposits Borrowed funds Balances due to Banking instituion in the group Tax payable Dividends payable Deferred tax liability Retirement benefit liability Other liabilities TOTAL LIABILITIES SHAREHOLDERS' EQUITY Paid up/Assigned capital Share premium Revaluation reserves Retained earnings/ Accumulated losses Statutory financing loss reserve Other Reserves Proposed dividends Capital grants TOTAL SHAREHOLDERS' FUNDS TOTAL LIABILITIES AND SHAREHOLDERS' FUNDS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1.1 1.2 1.3 1.4 1.5 2.1 2.2 2.3 2.4 4.1 4.2 4.3 4.4 4.5 4.6 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 13.1 13.2 13.3 13.4 13.5 OPERATING INCOME Financing Activities (Deals) Government securities. Deposits and placements with banking institutions Other related income Total Operating income EXPENSES ON DEPOSITS Customer deposits Deposits and placements from banking institutions Other related expenses Total Expenses on Deposits NET OPERATING INCOME NON- OPERATING INCOME Fees and commissions on financing activity's Other fees and Commissions income Foreign exchange income Dividend Income Other income. Total Non Operating Income TOTAL INCOME OPERATING EXPENSES Financing loss provision Staff costs Directors' emoluments Rental charges Depreciation on property and equipment Amortization charges Other operating expenses Total Other Operating Expenses Profit/(loss) before tax and exceptional items Exceptional items Profit/(loss) before tax Current tax Deferred tax asset Profit / (loss) after tax & exceptional items Other Comprehensive Income Gains/Losses from Translating the F/S of Foreign Operations Fair Value changes in Availabe for sale Financial assets Revaluation surplus on property,plant & equipments Share of other comprehensive income of associates Income tax relating to components of other comprehensive income Other comprehensive Income for the year net of tax Total Comprehensive Income for the year 1 2 3 4 5 NON PERFORMING FACILITIES a) Gross Non-Performing Facilities b) Less suspended Income c)Total Non Performing Facilities (a-b) d) Less financing loss provisions e) Net NPLs (c-d) f) Discounted value of securities g) Net NPLs exposure (e-f) INSIDER FACILITY a) Directors, shareholders and associates b) Employees c) Total Insider Facility OFF BALANCE SHEET ITEMS a) Letter of Credit, guarantees, acceptances b) Forward, swaps & Options c) Other contigent Liabilities d) Total Contigent Liabilities CAPITAL STRENGTH a) Core Capital b) Minimum statutory capital c) Excess/ deficiency (a-b) d) Supplementary capital e) Total Capital (a+d) f) Total Risk Weighted Assets g) Core Capital/ Total Deposit Liabilities h) Minimum Statutory ratio i) Excess/deficiency (g-h) j) Core Capital/ Total Risk Weighted Assets k) Minimum statutory ratio l) Excess/deficiency (j-k) m) Total Capital/ Total Risk Weighted assets n) Minimum statutory ratio o) Excess/deficiency (m-n) LIQUIDITY a) Liquidity ratio b) Minimum statutory ratio c) Excess/deficiency (a-b) The Adjusted Capital includes the expected credit loss provisions added back to Capital in line with CBK Guidance Note issued in April 2018 on implementation of IFRS 9. MESSAGE FROM DIRECTORS These Financial Statements are extracts from the books of the institution as audited by PricewaterhouseCoopers (PWC) LLP and received an unqualified opinion. The complete set of the audited Statements,Statutory and qualitative disclosures can be accessed on the institution's website www.firstcommunitybank.co.ke or at our Headoffice located at FCB MihrabBuilding, Mezzanine 1, Lenana Road/Ring Road Kilimani,Nairobi . FCB MIHRAB BUILDING, MEZZANINE 1, LENANA ROAD/RING ROAD KILIMANI, NAIROBI 31-Dec-20 Audited 785,393 838,483 - - - - - - - 2,248,730 3,260,340 19,338 12,618,737 94,400 871,476 53,575 603,341 552,735 21,946,547 18,819,060 218,846 126,433 - 731,412 19,895,752 491,578 1,474,735 (571,959) 656,441 2,050,795 21,946,547 900,513 - 114,908 1,015,421 84,143 17,854 28,933 130,930 884,491 17,927 284,391 95,010 10,243 407,571 1,292,062 33,090 381,970 1,500 335 58,076 16,062 562,660 1,053,694 238,369 238,369 (100,307) 47,593 185,655 185,655 5,257,704 932,370 4,325,334 1,563,532 2,761,802 2,785,426 23,624 450,047 317,616 767,663 122,105 122,105 836,049 1,000,000 (163,951) 782,874 1,618,923 17,453,100 4.4% 8.0% -3.6% 4.8% 10.5% -5.7% 9.3% 14.5% -5.2% 4.9% 5.3% 9.8% 37.2% 20.0% 17.2% Abdullatif Essajee Dr. Hussein Hassan : Chief Executive Officer : Chairman
Transcript of AUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES …
1,174,945 1,973,662
- -
- - -
- -
2,215,670 1,141,192
119,6459,909,696
94,400
846,828
50,282 555,748
782,774 18,864,842
16,125,643
158,901
303,375
-
814,89317,402,812
390,800 1,172,401
(411,112)309,941
1,462,03018,864,842
879,061 -
121,720
1,000,782
187,434 17,364 40,435
245,233755,549
65,601 292,243 79,272
16,823 453,940
1,209,489
(345,152) 465,372
18,500 405
50,239 24,476
810,167 1,024,007
185,482
185,482 (21,127)
26,572190,927
190,927
4,699,124 591,373
4,107,751 1,332,148
2,775,6032,685,833
89,770
572,372301,940
874,312
194,120
194,120
617,1821,000,000
(382,818)513,316
1,130,498 13,962,683
3.8%8.0%
-4.2%4.4%
10.5%-6.1%8.1%
14.5%-6.4%4.2%4.8%8.5%
35.1%20.0%15.1%
31-Dec-19Audited
AUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES AS AT 31ST DEC 2020HEAD OFFICE: P.O Box 26219 GPO 00100 NAIROBI, •• TEL: 2843000
3. OTHER DISCLOSURES
2. STATEMENT OF COMPREHENSIVE INCOME
1. STATEMENT OF FINANCIAL POSITION
A 1 2 3 4 5
6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21
B 22 23 24 25 26 27 28 29 30 31 32 33 34
C 35 36 37 38 39 40 41 42 43 44
ASSETSCash balances ( both local & foreign)Balances due from Central Bank of KenyaKenya Government and other securities held for dealing purposesFinancial Assets at Fair value through Profit and lossInvestment Securitiesa) Held to Maturity; i. Kenya Government securities i. Other securitiesa) Available for sale; i. Kenya Government securities i. Other securitiesDeposits and balances due from local banking institutionsDeposits and balances due from banking institutions abroadTax recoverableFinancing Activities (net) Balances due from Banking instituion in the groupInvestments in associatesInvestments in subsidiary companiesInvestment in joint venturesInvestment propertiesProperty and equipment Prepaid operating rental leasesIntangible assetsDeferred tax assetRetirement benefit assetOther assetsTOTAL ASSETS LIABILITIESBalances due to Central Bank of KenyaCustomer depositsDeposits and balances due to local banking institutions Deposits and balances due to foreign banking institutions Other money market depositsBorrowed fundsBalances due to Banking instituion in the groupTax payableDividends payableDeferred tax liabilityRetirement benefit liabilityOther liabilitiesTOTAL LIABILITIESSHAREHOLDERS' EQUITYPaid up/Assigned capital Share premiumRevaluation reservesRetained earnings/ Accumulated lossesStatutory financing loss reserveOther ReservesProposed dividendsCapital grantsTOTAL SHAREHOLDERS' FUNDSTOTAL LIABILITIES AND SHAREHOLDERS' FUNDS
1
2
3 4
5 6
7 8 9 10 11 12 13
14 15
1.11.21.31.41.5
2.12.22.32.4
4.14.24.34.44.54.6
6.16.26.36.46.56.66.76.8
13.113.213.313.413.5
OPERATING INCOMEFinancing Activities (Deals)Government securities.Deposits and placements with banking institutionsOther related incomeTotal Operating incomeEXPENSES ON DEPOSITSCustomer depositsDeposits and placements from banking institutionsOther related expensesTotal Expenses on DepositsNET OPERATING INCOMENON- OPERATING INCOMEFees and commissions on financing activity'sOther fees and Commissions incomeForeign exchange incomeDividend IncomeOther income.Total Non Operating IncomeTOTAL INCOMEOPERATING EXPENSESFinancing loss provisionStaff costsDirectors' emolumentsRental chargesDepreciation on property and equipmentAmortization chargesOther operating expensesTotal Other Operating ExpensesProfit/(loss) before tax and exceptional itemsExceptional itemsProfit/(loss) before tax Current taxDeferred tax assetProfit / (loss) after tax & exceptional itemsOther Comprehensive IncomeGains/Losses from Translating the F/S of Foreign OperationsFair Value changes in Availabe for sale Financial assetsRevaluation surplus on property,plant & equipmentsShare of other comprehensive income of associatesIncome tax relating to components of other comprehensive incomeOther comprehensive Income for the year net of taxTotal Comprehensive Income for the year
1
2
3
4
5
NON PERFORMING FACILITIESa) Gross Non-Performing Facilitiesb) Less suspended Incomec)Total Non Performing Facilities (a-b)d) Less financing loss provisionse) Net NPLs (c-d)f) Discounted value of securitiesg) Net NPLs exposure (e-f)INSIDER FACILITYa) Directors, shareholders and associatesb) Employeesc) Total Insider FacilityOFF BALANCE SHEET ITEMSa) Letter of Credit, guarantees, acceptancesb) Forward, swaps & Optionsc) Other contigent Liabilitiesd) Total Contigent LiabilitiesCAPITAL STRENGTHa) Core Capitalb) Minimum statutory capitalc) Excess/ deficiency (a-b)d) Supplementary capitale) Total Capital (a+d)f) Total Risk Weighted Assetsg) Core Capital/ Total Deposit Liabilitiesh) Minimum Statutory ratioi) Excess/deficiency (g-h)j) Core Capital/ Total Risk Weighted Assetsk) Minimum statutory ratiol) Excess/deficiency (j-k)m) Total Capital/ Total Risk Weighted assetsn) Minimum statutory ratioo) Excess/deficiency (m-n)
LIQUIDITYa) Liquidity ratiob) Minimum statutory ratioc) Excess/deficiency (a-b)
The Adjusted Capital includes the expected credit loss provisions added back to Capital in line with CBK Guidance Note issued in April 2018 on implementation of IFRS 9.
MESSAGE FROM DIRECTORSThese Financial Statements are extracts from the books of the institution as audited by PricewaterhouseCoopers (PWC) LLP and received an unqualified opinion. The complete set of the audited Statements,Statutory and qualitative disclosures can be accessed on the institution's website www.firstcommunitybank.co.ke or at our Headoffice located at FCB MihrabBuilding, Mezzanine 1, Lenana Road/Ring Road Kilimani,Nairobi .
FCB MIHRAB BUILDING, MEZZANINE 1, LENANA ROAD/RING ROAD KILIMANI, NAIROBI
31-Dec-20Audited
785,393 838,483
- -
- - -
- -
2,248,730 3,260,340
19,33812,618,737
94,400
871,476
53,575 603,341
552,735 21,946,547
18,819,060
218,846
126,433
-
731,412 19,895,752
491,578 1,474,735
(571,959) 656,441
2,050,79521,946,547
900,513 -
114,908
1,015,421
84,143 17,854 28,933
130,930884,491
17,927 284,391 95,010
10,243 407,571
1,292,062
33,090 381,970
1,500 335
58,076 16,062
562,660 1,053,694
238,369
238,369 (100,307)
47,593185,655
185,655
5,257,704 932,370
4,325,334 1,563,532
2,761,8022,785,426
23,624
450,047317,616
767,663
122,105
122,105
836,0491,000,000
(163,951)782,874
1,618,923 17,453,100
4.4%8.0%
-3.6%4.8%
10.5%-5.7%9.3%
14.5%-5.2%4.9%5.3%9.8%
37.2%20.0%17.2%
Abdullatif Essajee Dr. Hussein Hassan : Chief Executive Officer
: Chairman
