FIDELITY BANK PLC. STATEMENT TO THE NIGERIAN STOCK EXCHANGE AND SHAREHOLDERS ON THE ... Current income tax liability. 3,
FIDELITY BANK PLC
STATEMENT TO THE NIGERIAN STOCK EXCHANGE AND SHAREHOLDERS ON THE BANK'S UNAUDITED RESULTS FOR THE PERIOD ENDED 31ST SEP 2015 INCOME STATEMENT FOR THE PERIOD ENDED 30 SEPTEMBER, 2015 30 Sep 2015 N'million
30 Sep 2014 N'million
31 Dec 2014 N'million
NOTE Gross Earnings Interest and similar income Interest and similar expense
106,570 1 2
Net interest income Impairment charge for credit losses
3
Net interest income after impairment charge for credit losses
96,023
132,401
84,690 (44,085)
76,818 (40,160)
104,307 (55,481)
40,605
36,658
48,826
(3,940)
(1,898)
(4,306)
36,665
34,761
44,520
13,650 497 7,733 (44,756)
13,492 (653) 6,263 (40,473)
15,173 (3,693) 14,598 (55,083)
Share of profit / (loss) of associates accounted for using the equity method Profit before income tax from continuing operations
13,789
13,389
15,515
Profit before income tax from continuing operations
13,789
13,389
15,515
Income tax expense from continuing operations
(2,344)
(2,142)
(1,719)
Net fee and commission income Net gains / (losses) from financial instruments classified as held for trading Net gains/(losses) on investment securities Other operating income Other operating expenses
4 5 7 8
Profit after income tax from continuing operations
11,445
11,247
13,796
PROFIT FOR THE PERIOD
11,445
10,845
13,796
Profit attributable to: Equity holders of the bank Non-controlling interests
11,445
11,247
13,796
158
155
190
Earnings per share for profit attributable to owners of the parent Basic (kobo)
SIGNED ON BEHALF OF THE BOARD OF DIRECTORS NNAMDI OKONKWO
EZINWA UNUIGBOJE
11
FIDELITY BANK PLC STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 30 SEP, 2015
PROFIT FOR THE PERIOD Other comprehensive income: Items that may be reclassified subsequently to profit or loss: Net gains/(losses) on Available-for-sale financial assets - Unrealised net gains/(losses) arising during the period - Net reclassification adjustments for realised net gains/(losses) Tax effect of revaluation of equity financial assets Items that may not be reclassified subsequently to profit or loss Remeasurement Gains/(losses) Share of other comprehensive income of associates Tax effect of other comprehensive income of associates
Other comprehensive income for the period, net of tax
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD Total comprehensive income attributable to: Equity holders of the bank Non-controlling interests
30 Sep 2,015 N'million
30 Sep 2,014 N'million
31 December 2014 N'million
11,445
11,247
13,796
(1,103)
(1,011) (595) -
996
-
1,524
996
12,441
(1,103)
10,144
(82)
13,714
FIDELITY BANK PLC STATEMENT OF FINANCIAL POSITION AS AT 30 SEP, 2015 30 Sep 2015 N'million ASSETS
Note
Cash and balances with central banks Due From Banks Loans and advances to customers Investments: Held for trading(Fair value through profit and loss) Available for sale Held to maturity Property and equipment Intangible assets Deferred tax asset Other assets Assets classified as held for sale
12,13
30 Sep 2014 N'million
31 Dec 2014 N'million
229,567 59,322 547,703
194,343 107,685 489,506
15 15 15
54,689 92,211 89,558 40,735 -
105,852 108,197 52,299 37,142
16
45,398
20,897
258,131 68,735 541,686 83,363 90,864 69,526 37,958 506 36,256
1,159,184
1,115,922
1,187,025
18
765,785 3,565 1,410 59,960
811,857 2,559 1,955 45,830
820,034 1,719 1,410 66,230
14
TOTAL ASSETS
LIABILITIES Deposits from customers Current income tax liability Deferred income tax liability Other liabilities Liabilities included in assets classified as held for sale Retirement benefit obligations
17
18
6,271
7,240
6,980
Debt Issued and Other Borrowed Funds
19
141,852
77,852
117,541
978,844
947,293
1,013,914
14,481 101,272 17,953
14,481 101,272 14,183
14,481 101,272 11,721
20,930 764 23,950 989 180,339
18,862 764 1,723 18,373 (1,028) 168,629
20,930 764 23,950 (7) 173,111
180,339
168,629
173,111
1,159,183
1,115,922
1,187,025
TOTAL LIABILITIES
EQUITY Share capital Share premium Retained earnings Other reserves Statutory reserve SSI Reserve Contingency reserve Non-distributable reserve Revaluation reserve
Non-controlling interest Total equity
TOTAL EQUITY & LIABILITIES
Fidelity Bank Plc STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 30 SEP 2015 Share
At 31 December 2013
capital N'million 14,481
Share premium N'million 101,272
Profit for the year Other comprehensive income
Attributable to equity holders Small scale investment Statutory earnings reserve reserve N'million N'million N'million 7,395 18,861 764 Retained
Contingency reserve N'million 1,723
NDR N'million 18,884
Revaluation reserve N'million 75
13,796
13,796 -
Unrealised net gains/(losses) arising during the year Net reclassification adjustments for realised net gains/(losses) Remeasurement loss Total comprehensive income Dividend Transfer between reserves At 31 December 2014 14,481
-
101,272
Profit for the year Other comprehensive income
13,796 (4,057) (5,412) 11,721
Total equity N'million 163,455
2,069 20,931
-
764
-
-
(1,723) -
5,066 23,950
11,445
(1,011)
(1,011)
(595) 1,524 (82)
(595) 1,524 13,714 (4,057) 0 173,112
(7) 996
12,441 -
Unrealised net gains/(losses) arising during the year
-
Net reclassification adjustments for realised net gains/(losses) Arising during the year Actuarial losses (Note 27) Total comprehensive income Dividend Transfer between reserves
-
As at Sep 30 , 2015
-
14,481
-
101,272
11,445 (5,213)
-
17,952
20,930
-
-
-
996
764
-
23,950
989
12,441 (5,213) 180,339
FIDELITY BANK PLC STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2015 31 Sep 2015 N'million
Note
31 December 2014 N'million
Operating Activities Cash flow generated/ (used in) from operations Income taxes paid Interest received Retirement benefits paid Interest paid
(13,347) (654) 84,690 (1,922) (44,085)
13,269 (1,852) 89,603 (994) (56,237)
Net cash flows (used)/ from operating activities
24,682
43,789
Investing activities Purchase of property, plant and equipment Proceeds from sale of property and equipment Purchase of intangible assets Acquisition of investment securities Dividend received
(3,504) 48 (423) (21,380) 1,372
(4,956) 875 (565) (95,851) 945
Net cash flows (used)/from investing activities
(23,886)
(99,552)
Financing activities Dividend paid Repayment of long term borrowings Proceeds of debt issued and other borrowed funds
(5,213) (23,014) 39,945
(4,057) (8) 47,221
Net cash flows from Financing activities
11,718
43,156
Increase in cash and cash equivalents
12,513
(12,607)
Cash and cash equivalents at begining of year
Cash and cash equivalents at end of year
18
126,743
139,351
139,256
126,743
