Your SlideShare is downloading. ×
DCB COMMERCIAL BANK PLC
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2012
STATEMENT OF PROFIT OR LOSS AND OTHER COM...
DCB COMMERCIAL BANK PLC
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2012
STATEMENT OF FINANCIAL POSITION AS AT 31 ...
DCB COMMERCIAL BANK PLC
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2012
STATEMENT OF CHANGE IN EQUITY
(18)
Share
...
DCB COMMERCIAL BANK PLC
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2012
STATEMENT OF CASH FLOWS
(19)
2012 2011
Ca...
Upcoming SlideShare
Loading in...5
×

Dar es Salaam Community Bank Ltd FY 2012 results

155

Published on

Dar es Salaam Community Bank Ltd FY 2012 results

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
155
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Transcript of "Dar es Salaam Community Bank Ltd FY 2012 results"

  1. 1. DCB COMMERCIAL BANK PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2012 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (16) 2012 2011 Notes TZS’000’ TZS‟000‟ Interest income 6 18,600,164 17,314,403 Interest expense 7 (8,068,640) (5,880,966) Net interest income 10,531,524 11,433,437 Loan impairment charge 20 179,475 (532,356) Net interest income after loan impairment 10,710,999 10,901,081 Fees and commission income 8 2,097,451 1,142,200 Foreign exchange income 9 135,069 113,918 Other operating income 10 50,164 6,689 Total non-interest income 2,282,684 1,262,807 Operating expenses Personnel expenses General and administrative expenses Depreciation and amortisation Other operating expenses 11 12 13 14 (4,384,338) (4,237,508) (511,157) (1,020,114) (3,418,977) (3,198,110) (433,771) (675,764) Total operating expenses (10,153,117) (7,726,622) Profit before income tax 2,840,566 4,437,267 Income tax expense 15 (932,136) (1,175,619) Profit for the year 1,908,430 3,261,648 Profit for the year 1,908,430 3,261,648 Other comprehensive income - - Total comprehensive income for the year 1,908,430 3,261,648 Earnings per share (basic and diluted) 31 51 100
  2. 2. DCB COMMERCIAL BANK PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2012 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2012 (17) 2012 2011 Notes TZS’000’ TZS‟000‟ Assets Cash and balances with Bank of Tanzania 17 12,970,028 15,304,297 Loans and advances to Banks 18 8,600,241 8,892,926 Government securities held to maturity 19 23,259,916 10,848,324 Loans and advances to customers 20 65,096,300 57,439,888 Equity investment 21 1,120,000 1,100,000 Property and equipment 22 4,751,401 3,770,541 Intangible assets 23 181,252 186,498 Deferred income tax asset Other assets 26 24 6,961 1,453,970 16,349 1,800,132 Total assets 117,440,069 99,358,956 Liabilities Deposits from banks 25.1 19,287,438 16,108,421 Deposits from customers 25.2 71,645,881 64,963,720 Income tax payable 348,855 516,091 Other liabilities 27 1,955,416 1,245,741 Total liabilities 93,237,590 82,833,973 Equity Share capital 28 9,636,698 8,098,309 Advance towards rights issue 29 5,850,338 - Share premium 30 551,684 551,684 Proposed dividend 954,215 1,619,662 Retained earning 7,209,544 6,255,329 Total equity 24,202,479 16,524,984 Total liabilities and equity 117,440,069 99,358,956 These financial statements were authorised for issue by the Board of Directors and signed on its behalf by: Amb. Paul M. Rupia – Chairman Date Prof. Lucian A. Msambichaka - Vice Chairman Date
  3. 3. DCB COMMERCIAL BANK PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2012 STATEMENT OF CHANGE IN EQUITY (18) Share capital Share premium Advance towards share capital Proposed dividend Retained earnings Staff loan special reserve Total TZS’000’ TZS’000’ TZS’000’ TZS’000’ TZS’000’ TZS’000’ TZS Year ended 31 December 2012 At 1 January 2012 8,098,309 551,684 - 1,619,662 6,255,329 - 16,524,984 Profit and total comprehensive income for the year - - - - 1,908,430 - 1,970,566 Transactions with owners: Advance towards rights issue - - 5,850,338 - - - 5,850,338 Bonus issue 1,538,389 - - - - Dividend paid for 2011 - - (1,619,662) - - (1,619,662) Proposed dividend for 2012 - - - 954,215 (954,215) - - At 31 December 2012 9,636,698 551,684 5,850,338 954,215 7,209,544 - 24,202,479 Year ended 31 December 2011 At 1 January 2011 8,098,309 551,684 - 1,554,875 4,163,343 450,000 14,818,211 Profit and total comprehensive income for the year - - - 3,261,648 - 3,261,648 Transfer from staff loan reserve - - 450,000 (450,000) - Transactions with owners: Dividend paid for 2010 - - - (1,554,875) - (1,554,875) Proposed dividend for 2011 - - - 1,619,662 (1,619,662) - - At 31 December 2011 8,098,309 551,684 - 1,619,662 6,255,329 - 16,524,984
  4. 4. DCB COMMERCIAL BANK PLC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2012 STATEMENT OF CASH FLOWS (19) 2012 2011 Cash flows from operating activities Notes TZS’000’ TZS‟000‟ Profit before income tax 2,840,566 4,437,267 Adjustments for: Depreciation of property and equipment 434,212 371,438 Amortisation of intangible assets 76,945 62,332 Gain on sale of property and equipment (33,784) (3,734) Impairment and credit losses on loans and advances (179,475) 532,356 Cash flow from operating profits before working capital changes 3,138,464 5,399,660 Changes in operating assets and liabilities: Net change in statutory minimum reserve 17 (950,000) - Net change in loans and advances (7,397,807) (1,779,436) Net change in other assets 346,242 (1,501,309) Net change in deposits from banks 3,179,017 1,884,419 Net change in deposits from customers 6,682,161 22,222 Net change in other liabilities 694,432 567,801 Net change in government securities with maturity over three months (3,950,326) (1,937,732) Cash generated from operations 1,744,250 2,655,625 Income tax paid (770,000) (1,227,574) Net cash flows from operating activities 892,898 1,428,051 Cash flows from investing activities Purchases of property and equipment 22 (1,061,182) (1,315,323) Purchases of intangible assets 23 (71,699) (121,670) Acquisition of unquoted equity investment (20,000) (1,100,000) Proceeds from sale of property and equipment 33,784 3,734 Net cash used in investing activities (1,119,097) (2,533,259) Cash flows from financing activities Dividend paid - (1,554,875) Dividends utilized on bonus issue (1,619,662) - Advance towards share capital 5,850,338 - Net used in financing activities 4,230,676 (1,554,875) Increase/(decrease) in cash and cash equivalents 4,855,750 (2,660,082) Cash and cash equivalents at the beginning of the year 18,714,824 21,380,732 Effects of exchange rate changes on cash and cash equivalents 26,291 (5,825) Cash and cash equivalents at the end of the year 32 23,596,793 18,714,824

×