Intercontinental Bank Plc
Balance Sheet as at 31 December 2008
Cash and balances with central banks
125,881
58,801
Treasury bills and other eligible bills
144,885
87,909
Due from other banks
476,045
203,740
Loans and advances to customers
435,457
262,536
Advances under finance lease
14,605
16,074
Investment securities
92,768
31,302
Investments in subsidiaries
200
Investment in associates
2,798
2,238
Total Assets
1392210
704784
Deposits and borrowings
1,098,469
480,133
Current income tax
14,435
6,851
Deferred income tax liability
1,667
2,061
Other liabilities
68,740
57,164
Minority interests
8,486
1,686
Total Liabilities
1183311
546209
Shareholders funds
200,413
156,889
Acceptances and guarantees
322854
118502
For the year ended 31 December 2008
Interest income
114,786
51,733
Interest expense
-47,983
-17,222
Net interest income
66,803
34,511
Fee and commission income
36,305
25,627
Other operating income
22,480
10,008
Net operating income
125,588
70,146
Provision for loan losses
-8,657
-5,510
Operating expenses
-72,342
-42,567
Operating profit
44,589
22,069
Share of profit in associated companies
1,044
498
Profit before tax
45,633
22,567
Profit after tax
34,773
15,480
Minority interest
-779
-360
Profit attributable to parent shareholders
33994
15120
Basic earnings per share (kobo)
189
141
Diluted earnings per share (kobo)
183
141
Dividend per share (kobo)
75
65
For the period ended 31 December 2008
Cash flows from operating activities
Cash generated from operations
389,369
93,501
Corporate tax paid
-3,670
-2,172
Net cash from operating activities
385699
91329
cash flows from investing activities
Redemption of debt securities
37
Purchase of debt and equity securities
-61,466
-16,283
Dividend received from associate
188
Investment in subsidiaries
-273
Purchase of fixed assets
-20,166
-12,510
Proceeds from sale of fixed assets
686
74
Net cash used in investing activities
-80758
-28956
Cash flows from financing activities
Dividend paid
-12,407
-7,510
Proceeds from issuance of shares
15,646
Issue of shares to minoity interests
6,021
424
Dividend received from associate company
139
Net cash from financing activities
20929
89905
Net increase in cash and cash equivalents
325,870
152,278
Cash and cash equivalent at start of the year
264,429
112,151
Cash and cash equivalent at start of the year
590299
264429
Investment Valuation Ratios
Investment Valuation Ratios
Operating Profit Per Share (Rs)
0
Operating Profit Margin(%)
Return on Net Worth(%)
0.17%
Cost to income ratio
-0.58%
Capital Adequacy Ratio
0.14%
Equity capital to deposits
Loan-to-deposits (LTD)
0.40%
Interest Income/Gross Earnings
Non-Interest Income/Gross Earnings
Cash Flow Indicator Ratios
Earning Retention Ratio
1.36%