Kuwait International Bank K.S.C.P. and its Subsidiaries State of Kuwait
Interim Condensed Consolidated Financial Information 30 September 2023 (Unaudited)
Kuwait International Bank K.S.C.P. and its Subsidiaries
State of Kuwait
I N D E X
Page | |
Independent Auditors' Report on Review of Interim Condensed Consolidated Financial Information | 1 - 2 |
Interim Condensed Consolidated Statement of Profit or Loss (Unaudited) | 3 |
Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (Unaudited) | 4 |
Interim Condensed Consolidated Statement of Financial Position (Unaudited) | 5 |
Interim Condensed Consolidated Statement of Changes in Equity (Unaudited) | 6 |
Interim Condensed Consolidated Statement of Cash Flows (Unaudited) | 7 |
Notes to the Interim Condensed Consolidated Financial Information (Unaudited) | 8 - 18 |
Ahmed Al-Jaber Street, Sharq | ||
Ernst & Young | Tel: +965 2295 5000 | Dar Al-Awadi Complex, Floors 7 & 9 |
Al Aiban, Al Osaimi & Partners | Fax: +965 2245 6419 | P.O. Box 20174, Safat 13062 |
P.O. Box 74 | kuwait@kw.ey.com | Kuwait |
18-20th Floor, Baitak Tower | ey.com/mena | Tel : + 965 22408844, 22438060 |
Ahmed Al Jaber Street | Fax: + 965 22408855, 22452080 | |
Safat Square 13001, Kuwait | www.deloitte.com | |
REPORT ON REVIEW OF INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION TO THE BOARD OF DIRECTORS OF KUWAIT INTERNATIONAL BANK K.S.C.P.
Introduction
We have reviewed the accompanying interim condensed consolidated statement of financial position of Kuwait International Bank K.S.C.P. (the "Bank") and its Subsidiaries (together the "Group") as at 30 September 2023, and the related interim condensed consolidated statements of profit or loss, profit or loss and other comprehensive income for the three and nine-months periods then ended, and the related interim condensed consolidated statements of changes in equity and cash flows for the nine- month period then ended. The management of the Bank is responsible for the preparation and presentation of this interim condensed consolidated financial information in accordance with the basis of presentation set out in Note 2. Our responsibility is to express a conclusion on this interim condensed consolidated financial information based on our review.
Scope of Review
We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with the basis of presentation set out in Note 2.
Report on Other Legal and Regulatory Requirements
Furthermore, based on our review, the interim condensed consolidated financial information is in agreement with the books of account of the Bank. We further report that, to the best of our knowledge and belief, we have not become aware of any violation of the Companies Law No. 1 of 2016, and its Executive Regulations, as amended, or of the Bank's Memorandum of Incorporation and the Articles of Association, as amended, during the nine-month period ended 30 September 2023 that might have had a material effect on the business of the Bank or on its financial position.
REPORT ON REVIEW OF INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION TO THE BOARD OF DIRECTORS OF KUWAIT INTERNATIONAL BANK K.S.C.P. (CONTINUED)
Report on Other Legal and Regulatory Requirements (continued)
We further report that, during the course of our review, to the best of our knowledge and belief, we have not become aware of any violation of the provisions of Law No. 32 of 1968, as amended, concerning currency, the Central Bank of Kuwait and the organisation of banking business, and its related regulations, during the nine-month period ended 30 September 2023 that might have had a material effect on the business of the Bank or on its financial position.
BADER A. AL-ABDULJADER | BADER A. AL-WAZZAN |
LICENCE NO. 207 A | LICENCE NO. 62A |
EY | DELOITTE & TOUCHE |
AL AIBAN, AL OSAIMI & PARTNERS | AL-WAZZAN & CO. |
31 October 2023
Kuwait
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Kuwait International Bank KSC published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 11:51:08 UTC.