Bank of America : Interim Financial Disclosures Statements (unaudited)

BANC OF AMERICA SECURITIES ASIA LIMITED

Interim Financial Disclosures Statements (unaudited)

for the period ended 30 June 2022

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Banc of America Securities Asia Limited

Interim Financial Statements (Unaudited) for the period ended 30 June 2022

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The reports and statements set out below comprise the unaudited interim financial statements :

Contents	Page(s)
Condensed statement of comprehensive income (unaudited)		1
Condensed statement of financial position (unaudited)		2
Condensed statement of changes in equity (unaudited)		3
Condensed statement of cash flows (unaudited)		4
Notes to the interim financial statements (unaudited)	5	- 12
Supplementary financial information (unaudited)	13	- 29

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Banc of America Securities Asia Limited

Interim Financial Statements (Unaudited) for the period ended 30 June 2022

CONDENSED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE PERIOD ENDED 30 JUNE 2022

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	Note	JUN 30, 2022	JUN 30, 2021
		US$'000	US$'000
Interest income	16	861	84
Interest expense		(4,428)	-
Net interest (expense) / income	3	(3,567)	84
Fee and commission expense	4	(50)	(35)
Net trading income	5	9,085	489
Other operating income	6,16	8,176	4,526
Operating income		13,644	5,064
Operating expenses	7	(3,210)	(2,365)
Profit before taxation		10,434	2,699
Tax expense	8	(1,722)	(602)
Profit for the period		8,712	2,097
Total comprehensive profit for the period ended 30th June		8,712	2,097
Attributable to
Equity holders		8,712	2,097

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Banc of America Securities Asia Limited

Interim Financial Statements (Unaudited) for the period ended 30 June 2022

CONDENSED STATEMENT OF FINANCIAL POSITION (UNAUDITED) AS AT 30 JUNE 2022

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	Note	JUN 30, 2022	DEC 31, 2021	Cross
		US$'000	US$'000	references to
				definition of
				capital
				components in
				supplementary
				financial
				information
Assets
Cash and balances with banks	10	307,353	152,225
Financial assets at fair value through profit or loss	11	2,014,283	1,051,350
Derivative financial instruments	12,15	398,344	19,421
Amount due from intermediate holding company	15	385	1,235
Amount due from affiliates	15	16,566	579
Deferred income tax assets	9	-	205	(4)
Other assets		6,952	95
Total assets
	2,743,883	1,225,110
Liabilities
Deposits and balances from banks		1,721,932	657,585
Derivative financial instruments	12,15	1,881	8,008
Amount due to intermediate holding company	15	201,666	10,829
Amount due to affiliates	15	261,695	2,037
Current income tax liabilities		1,325	393
Other liabilities	13	1,209	795
Total liabilities
	2,189,708	679,647
Equity
Share capital		491,442	491,442	(1)
Retained earnings		56,266	47,554	(2)
Other reserves	14	6,467	6,467	(3)
Total equity
	554,175	545,463
Total equity and liabilities
	2,743,883	1,225,110

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Banc of America Securities Asia Limited

Interim Financial Statements (Unaudited) for the period ended 30 June 2022

CONDENSED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) AS AT 30 JUNE 2022

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Beginning balance at 1 January 2021

Total comprehensive profit for the period

Ending balance at 30 June 2021

Beginning balance at 1 January 2022

Total comprehensive profit for the period

Ending balance at 30 June 2022

Share capital	Retained	Other reserves	Total
earnings
US$'000	US$'000	US$'000	US$'000
491,442	42,287	6,467	540,196
-	2,097	-	2,097
491,442	44,384	6,467	542,293
491,442	47,554	6,467	545,463
-	8,712	-	8,712
491,442	56,266	6,467	554,175

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