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

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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.