EQUITY GROUP HOLDINGS PLC AUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES FOR THE YEAR ENDED 31ST DECEMBER 2020
STATEMENT OF FINANCIAL POSITION AS AT
A. ASSETS
1. Cash (both local & foreign)
2. Balances due from Central Bank of Kenya
3. Kenya Government and other securities held for dealing purposes
4. Financial assets at fair value through profit and loss
5. Investment securities:
a) Held to maturity:
a. Kenya Government securities
b. Other securities
b) Available for sale:
a. Kenya Government securities
b. Other securities
6. Deposits and balances due from local banking institutions
7. Deposits and balances due from banking institutions abroad
8.
Tax recoverable
9. Loans and advances to customers (net)
10. Balances due from group companies
11. Investments in associates
12. Investments in subsidiary companies
13. Investments in joint ventures
14. Investment properties
15. Property and equipment
16. Prepaid lease rentals
17. Intangible assets
18. Deferred tax asset
19. Retirement benefit asset
20. Other assets
21. TOTAL ASSETS
B. LIABILITIES
22. Balances due to Central Bank of Kenya
23.
Customer deposits
24. Deposits and balances due to local banking institutions
25. Deposits and balances due to foreign banking institutions
26. Other money market deposits
27. Borrowed funds
28. Balances due to group companies
29. Tax payable
30. Dividends payable
31. Deferred tax liability
32. Retirement benefit liability
33. Other liabilities
34. TOTAL LIABILITIES
C. SHAREHOLDERS' FUNDS
35. Paid up / assigned capital
36. Share premium / (discount)
37. Revaluation reserve
38. Retained earnings / accumulated losses
39. Statutory loan loss reserve
40. Other reserves
41. Proposed dividends
42. Non controlling interests
43. TOTAL SHAREHOLDERS' FUNDS
44. TOTAL LIABILITIES AND SHAREHOLDERS' FUNDS
STATEMENT OF COMPREHENSIVE INCOME
1. INTEREST INCOME
1.1 Loans and advances
1.2 Government securities
1.3 Deposits and placements with banking institutions
1.4 Other interest Income
1.5 Total interest income
2.
INTEREST EXPENSES
2.1 Customer deposits
2.2 Deposits and placements from banking institutions
2.3 Other interest expense
2.4 Total interest expenses
3. NET INTEREST INCOME
4. NON-INTEREST INCOME
4.1 Fees and commissions income on loans & advances
4.2 Other fees and commissions income
4.3 Foreign exchange trading income
4.4 Dividend income
4.5 Other income
4.6 Total non-interest income 5. TOTAL OPERATING INCOME
6. OPERATING EXPENSES
6.1 Loan loss provision
6.2 Staff costs
6.3 Directors' emoluments
6.4 Rental charges
6.5 Depreciation on property and equipment
6.6 Ammortisation charges
6.7 Other operating expenses 6.8 Total operating expenses
7. Profit / (loss) before tax and exceptional items 8. Exceptional items-Gain on bargain purchase
9. Profit / (loss) after exceptional items
10. Current tax
11. Deferred tax
12. Profit / (loss) after tax and exceptional items 12.1 Minority Interest
13. Profit / (loss) after tax and exceptional items and minority interest
14. Other comprehensive income
14.1 Gains / (losses) from translating the financial statements of foreign operations
14.2 Fair value changes in available-for-sale financial assets
14.3 Revaluation surplus on property and equipment
14.4 Share of other comprehensive income of associates
14.5 Income tax relating to components of other comprehensive income
15. Other comprehensive income for the year net of tax
16. Total comprehensive income for the year
Earnings per share - basic & diluted Dividend per share - declared OTHER DISCLOSURES
1) NON PERFORMING LOANS AND ADVANCES
a) Gross non performing loans and advances
b) Less interest in suspense c) Total non-performing loans and advances (a-b)
d) Less loan loss provision
e) Net non- performing loans (c-d)
f) Discounted value of securities g) Net NPLs exposure (e-f)
2) INSIDER LOANS AND ADVANCES
a) Directors, shareholders and associates
b) Employees c) Total insider loans and advances and other facilities
3) OFF-BALANCE SHEET ITEMS
a) Letter of credit, guarantees and acceptances
b) Forwards,swaps and options
c) Other contigent liabilities d) Total contigent liabilities
4) CAPITAL STRENGTH a) Core capital b) Minimum statutory capital c) Excess / (deficiency)
d) Supplementary capital
e) Total capital (a+d)
f) Total risk weighted assets
Ratios 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)
p) Adjusted core capital / total deposit liabilities*
q) Adjusted core capital / total risk weighted assets*
r) Adjusted total capital / total risk weighted assets*
5) LIQUIDITY a) Liquidity ratio b) Minimum statutory ratio c) Excess / (deficiency) (a-b)
EQUITY BANK (KENYA) LIMITED
BANK
Equity Bank (Kenya) Limited and Equity Group Holdings Plc are regulated by the Central Bank of Kenya.
COMPANYEQUITY GROUP HOLDINGS PLCGROUP
GROWTH IN DEPOSITS
(In KShs. Millions)
GROWTH IN TOTAL ASSETS
(In KShs. Millions)
GROWTH IN PROFIT BEFORE TAX
(In KShs. Millions)
*The adjusted capital ratios include the expected credit loss provisions added back to capital in line with the CBK guidance note issued in April 2018 on implementation of IFRS 9.
Dividend
The Board of Directors do not recommend payment of a dividend in respect of the year ended 31 December 2020.
Message from the Directors
The above Statement of Comprehensive Income and Statement of Financial Position are extracts of financial statements audited by PricewaterhouseCoopers (PwC). They can be assessed on the company's websitewww.equitygroupholdings.com/investor-relations. To get a full picture of the Group's performance, the complete set of audited financial statements will be available on www.equitygroupholdings. com/investor-relations after 15 April 2021 or from the Company Secretary at our offices at Equity Centre, 9th Floor, Hospital Road, Upper Hill.
Dr. James Njuguna Mwangi Group Managing Director & CEOMary Wamae Group Executive Director
Attachments
- Original document
- Permalink
Disclaimer
Equity Group Holdings Limited published this content on 29 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2021 09:33:04 UTC.