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Standard Chartered Bank Limited (Zambia) HY 2013 financial results
 

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Standard Chartered Bank Limited (Zambia) HY 2013 financial results

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Standard Chartered Bank Limited (Zambia) listed on the Lusaka Stock Exchange has released its half year results. Check out ...

Standard Chartered Bank Limited (Zambia) listed on the Lusaka Stock Exchange has released its half year results. Check out
insights into this company in their presentation which appears below.
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Standard Chartered Bank Limited (Zambia) HY 2013 financial results Presentation Transcript

  • 1. STANDARD CHARTERED BANK ZAMBIA PLC Six months to Six months to June-13 June-12 Interest Income From: Loans and Overdrafts 130,060 97,737 Securities (TBs & GRZ Bonds) 89,970 78,923 Other Investments 19,093 27,690 Total Interest Income 239,123 204,350 Interest Expense On Deposits (21,055) (21,080) Other (15,467) (13,261) Net Interest Income 202,601 170,009 Provision for Loan Losses (14,886) 600 Net Interest Income after Loan Losses Provision 187,715 170,609 Non Interest Income 132,114 126,122 Operating Income 319,829 296,731 Operating Expenses (158,731) (130,469) Profit Before Taxation 161,098 166,262 Taxation (55,644) (61,372) Net Income after Taxation 105,454 104,890 Profit atttributable to; Equity holders of the bank 105,454 104,890 Net Income per share 0.06 0.06 Interim dividends Proposed for 2013/Interim K0.05 K0.00 dividends Proposed for 2012 K'000 SUMMARY STATEMENT OF FINANCIAL POSITION ASSETS Kelvin Musana Niza Musawa ACTING MANAGING DIRECTOR ACTING CHIEF FINANCIAL OFFICER Note: These results have not been audited and are derived from the company’s management accounts. K’000 STATEMENT OF INCOME AND EXPENSES Share Capital Balance at the beginning of year 329,785 Transfer from retained earnings 86,960 Redemptions during the year - Balance at the end of the year 416,745 Share Premium Increases during the year - Balance at the end of the year - Retained earnings Balance at the beginning of year 93,511 Profit for the period 237,583 Dividends-2011 - Transfer to credit reserves (86,960) Transfer to share capital & statutory reserves - Deferred Tax on fair value revaluation 244,134 Balance at the end of the year Statutory Reserves Balance at the beginning of year 12,285 Transfer from retained earnings - Balance at the end of the year 12,285 Available-for-sale Reserves Balance at the beginning of year 20,785 Revaluation reserve-available for sale investment (23,400) Balance at the end of the year (2,615) Revaluation Reserves Balance at the beginning of year - Additions during the year - Transfer to retained earnings - Deferred tax on realisation of revaluation reserves - Balance at the end of the year - Capital Contribution Balance at the beginning of year 17,312 Additions during the year - Balance at the end of the year 17,312 Total Shareholders' equity 687,861 K'000 STATEMENT OF CHANGES IN EQUITY for the 6 months ended 30 June 2013 Summary unaudited Results for the half Year Ended 30 June 2013 In accordance with the requirements of the Securities Act No.38 of 1993, and the listing rules of Lusaka Stock Exchange. Standard Chartered Bank of Zambia PLC announces the interim results of the half year ended 30 June 2013 [Incorporated in the Republic of Zambia] Company registration number: 6525 Share Code: SCZ ISIN: ZM0000000094 [“SCBZ” or “the company”] June-13 June-12 Notes and Coins 190,911 141,136 Balances held with Bank Of Zambia 528,446 313,852 Balances held with Commercial Banks - 33,500 Balances held with Banks Abroad 615,745 1,046,327 Government of Zambia Securities 479,160 534,526 Treasury Bills Issued by the Government. 1,048,521 679,273 Loans and Advances 2,501,895 1,936,535 Derivative Financial Instruments 9,995 12,574 Intangible Assets 32,774 37,976 Fixed Assets 23,380 25,295 Other Assets 185,117 151,405 Total Assets 5,615,944 4,912,399 LIABILITIES Demand Deposits 2,682,826 2,543,398 Savings Deposits 485,282 424,803 Time Deposits 894,261 749,125 Amounts Owing to Other Banks 381,196 19,160 Amounts Owing to Banks Abroad 189,096 372,900 Cheques in course of collection - - Amounts Owing to Branches - - Derivative Financial Instruments - - Dividends Payable 1,327 1,329 Subordinated liabilities 21,956 20,585 Other Liabilities 272,139 307,421 Other Borrowed Funds - - Capital 416,745 329,785 Reserves 271,116 143,893 Total Liabilities 5,615,944 4,912,399 Contingent liabilities Guarantees 292,957 469,543 Letters of Credit 16,500 159,785 Assets Pledged as Collateral Security - - Other 9,846 (538) 319,303 628,790