Dubai Islamic Bank P.J.S.C. Consolidated financial statements for the year ended 31 December 2016
Dubai Islamic Bank P.J.S.C. Report and consolidated financial statements for the year ended 31 December 2016
Pages
Independent auditors’ report
Consolidated statement of financial position
1-8
9
Consolidated statement of profit or loss
10
Consolidated statement of other comprehensive income
11
Consolidated statement of changes in equity
12
Consolidated statement of cash flows
13 & 14
Notes to the consolidated financial statements
15 – 94
Dubai Islamic Bank P.J.S.C. Consolidated statement of profit or loss for the year ended 31 December 2016 Note NET INCOME Income from Islamic financing and investing transactions Commissions, fees and foreign exchange income Income from other investments measured at fair value, net Income from properties held for development and sale, net Income from investment properties Share of profit from associates and joint ventures Other income Total income Less: depositors’ and sukuk holders’ share of profit
31 32 33 34 35 12.6 36
37
Net income
2016 AED’000
2015 AED’000
6,520,896 1,425,031 35,548 159,390 75,354 176,555 243,187 –––––––––– 8,635,961 (1,874,962) –––––––––– 6,760,999 ––––––––––
5,520,203 1,294,564 37,378 245,563 111,378 276,146 60,708 –––––––––– 7,545,940 (1,057,332) –––––––––– 6,488,608 ––––––––––
(1,564,577) (574,894) (38,348) (119,487) –––––––––– (2,297,306) ––––––––––
(1,479,638) (589,408) (28,823) (125,363) –––––––––– (2,223,232) ––––––––––
4,463,693 (391,806) –––––––––– 4,071,887 (21,836) –––––––––– 4,050,051 =========
4,265,376 (410,314) –––––––––– 3,855,062 (15,802) –––––––––– 3,839,260 =========
3,596,678 453,373 –––––––––– 4,050,051 =========
3,555,557 283,703 –––––––––– 3,839,260 =========
0.67 =========
0.74 =========
OPERATING EXPENSES Personnel expenses General and administrative expenses Depreciation of investment properties Depreciation of property and equipment
38 39 14.1 16
Total operating expenses
Net operating income before net impairment charges and taxation Impairment charges, net
40
Profit for the year before income tax expense Income tax expense
22.3
Net profit for the year Attributable to: Owners of the Bank Non-controlling interests
17.3
Net profit for the year
41
Basic and diluted earnings per share (AED per share)
The notes on pages 15 to 94 form an integral part of these consolidated financial statements. The independent auditors’ report is set out on pages 1 to 8.
10
Dubai Islamic Bank P.J.S.C. Consolidated statement of other comprehensive income for the year ended 31 December 2016
Net profit for the year
2016 AED’000
2015 AED’000
4,050,051 -------------------
3,839,260 -------------------
(107,945)
(74,446)
(95,246)
(80,499)
-------------------(203,191) -------------------3,846,860 ========
-------------------(154,945) -------------------3,684,315 ========
3,394,428 452,432 ------------------3,846,860 ========
3,401,135 283,180 ------------------3,684,315 ========
Other comprehensive income / (loss) items Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of foreign operations, net Items that will not be reclassified subsequently to profit or loss: Fair value loss on other investments carried at FVTOCI, net Other comprehensive loss f
