1Q11_Financial_Analysis - Eurasian Bank JSC Unconsolidated...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Eurasian Bank JSC Unconsolidated Financial Comparatives (Regulatory Accounts) for the quarter ended 31 March 2011 (unaudited) / BALANCE SHEET " / AO Eurasian Bank " ( 01 ) 2011 / at 1 April 2011 . '000 KZT Item ( ) « » ASSETS Funds Account at National Bank of Kazakhstan Refined precious metals Trading securities (net of reserves for possible losses) Receivables from reverse repurchase agreements " Derivatives 01.04.2011 . 9,246,620 4,707,975 4,424 ( 01.01.2011 . YTD .) Variance YTD Variance % 8,386,851 859,769 22,798,348 -18,090,373 41,359 -36,935 ( 01.04.2010 . .) YOY Variance % YOY Variance 10.3% -79.3% -89.3% 9,615,531 37,415,114 379,531 -368,911 -32,707,139 -375,107 -3.8% -87.4% -98.8% 1,518,840 387,393 1,131,447 292.1% 20,094,317 5,009,002 -20,094,317 -3,490,162 -100.0% -69.7% 8,006,270 11,491,196 -3,484,926 -30.3% 12,839,105 -4,832,835 -37.6% 227,543,560 21,517,668 51,052,266 212,007,091 15,536,469 33,662,372 -12,144,704 40,286,307 10,765,959 7.3% -36.1% 26.7% 160,068,817 58,099,388 0 67,474,743 -36,581,720 51,052,266 42.2% -63.0% 3,245,353 964,416 3,228,904 11,503,171 688,072 16,056,776 359,284,315 3,245,353 586,631 3,480,963 11,673,255 719,883 9,975,200 358,742,202 0 377,785 -252,059 -170,084 -31,811 6,081,576 542,113 0.0% 64.4% -7.2% -1.5% -4.4% 61.0% 0.2% 0 564,769 3,884,277 10,836,579 728,495 9,585,483 329,120,408 3,245,353 399,647 -655,373 666,592 -40,423 6,471,293 30,163,907 70.8% -16.9% 6.2% -5.5% 67.5% 9.2% 26,212,454 1,162,726 4,500,000 1,405,033 504,371 240,056,904 26,091,547 24,514,345 24,719,436 1,493,018 1,008,804 153,922 15,283,435 -10,783,435 402,696 1,002,337 360,429 143,942 244,159,690 -4,102,786 23,190,282 2,901,265 19,365,588 5,148,757 6.0% 15.3% -70.6% 248.9% 39.9% -1.7% 12.5% 26.6% 25,433,221 481,378 9,850,000 5,009,683 172,886 231,903,821 11,151,223 16,683,374 779,233 681,348 -5,350,000 -3,604,650 331,485 8,153,083 14,940,324 7,830,971 3.1% 141.5% -54.3% -72.0% 191.7% 3.5% 134.0% 46.9% ( ) , ) Placements with other banks (net of reserves for possible losses) ( Loans to customers (net of reserves for possible losses) Assets available for sale Held to maturity , , " " ) ( ( ) ( ) , « : , » Other debt instruments in the category "loans and receivables" Investments in equity and subordinated debt Prepaid income tax Deferred tax assets Fixed assets (net of depreciation) Intangible assets (net of depreciation) Other assets (net of reserves for possible losses) TOTAL ASSETS LIABILITIES Deposits from banks and other financial institutions Loans from the Government of the Republic of Kazakhstan Payables under repurchase agreements Derivatives Arrears of income tax Current accounts and deposits from customers Debt securities issued Subordinated debt securities Deferred tax liability Other liabilities Dividends payable 7,814,066 4,701,596 3,112,470 66.2% 5,406,256 2,407,810 44.5% TOTAL LIABILITIES SHAREHOLDERS 'EQUITY Share capital including: common shares Preferred shares Additional paid-in capital Withdrawal of capital Provision for general banking risks Reserve for revaluation of assets available for sale Retained earnings 332,261,446 333,191,956 -930,510 -0.3% 306,091,842 26,169,604 8.5% 24,210,204 24,210,204 0 0.0% 24,210,204 0 0.0% 24,210,204 0 25,632 0 5,304,320 -105,633 -2,411,654 24,210,204 0 25,632 0 5,304,320 -451,707 -3,538,203 0 0 0 0 0 346,074 1,126,549 0.0% 24,210,204 0.0% 0.0% 25,632 0.0% -76.6% -31.8% 5,304,320 -920,728 -5,590,862 0 0 0 0 0 815,095 3,179,208 0.0% -88.5% -56.9% TOTAL EQUITY TOTAL LIABILITIES AND SHAREHOLDERS 'EQUITY 27,022,869 359,284,315 25,550,246 358,742,202 1,472,623 542,113 5.8% 0.2% 23,028,566 329,120,408 3,994,303 30,163,907 17.3% 9.2% 0.0% / PROFIT AND LOSS ACCOUNTS " / AO EURASIAN BANK " ( ) 01 2011 / at 1 April 2011 Item Interest income correspondent accounts and the deposit on loans and finance leases issued by banks on loans to customers Securities REPO Other income related to obtaining bank fees , , , Interest expenses on customer accounts Correspondent accounts and deposits attracted by banks Borrowing from banks on debt securities on subordinated debt other costs associated with fee , , , Net interest income before provision for losses on loans Provision for impairment of assets Net interest income Dividends received Fee and commission income Fee and commission expense ( ( ( ) ) ) ( Gains (losses) on securities available for sale (net) Gains (losses) on foreign currency transactions (net) Revenues associated with participation in associates Other income ) , ( ), Net income (loss) is not bound to receipt of interest: : Operating expenses including: - Labor costs - Expenses for travel - Depreciation and amortization - Expenses for payment of taxes and other mandatory payments to the budget, except for corporate income tax Other expenses : , Operating profit Formation of reserves to cover off-balance sheet credit risk Profit before tax and minority interest Income tax expense ( ) NET INCOME (LOSS) BEFORE MINORITY INTEREST 1 2011 . 8,515,278 25,796 1 2010 . 6,827,789 169,060 7,999,806 489,349 327 6,057,367 578,566 22,796 5,152,600 3,398,017 44,628 10,949 660,502 596,670 441,834 5,883,027 4,616,854 21,283 14,472 289,355 463,480 477,583 3,362,678 944,762 2,417,916 1,002,928 -58,166 -89.2% Profit 781,143 103,679 648,933 47,183 -895,090 3,313,006 0 132,210 56,496 ( ( TOTAL NET INCOME (LOSS) ) ), ) Other comprehensive income/(loss), net of income tax Total comprehensive income/(loss) for the year ) 20.4% 119.7% 63,477 28,042 35,435 126.4% 707,613 404,968 74.7% 267,293 143,559 302,645 0 123,734 1,715,847 1,178,319 537,528 45.6% 2,781,018 1,955,298 825,720 42.2% 1,438,721 33,306 330,425 971,643 28,038 302,117 467,078 5,268 28,308 48.1% Accrual of KZT150m of bonuses in 1st quarter 2011 (none in 2010) 18.8% 9.4% 266,103 172,447 93,656 781,484 1,408,185 495,684 -1,330,829 285,800 2,739,014 86.2% 54.3% 57.7% Expenses of PK for orgination and servicing portfolio Profit 0 0 0 1,408,185 281,637 -1,330,829 88,736 2,739,014 192,901 Profit 217.4% 1,126,548 -1,419,565 2,546,113 Profit 1,126,548 346,074 1,472,622 -1,419,565 422,131 -997,434 0 2,546,113 -76,057 2,470,056 Profit -18.0% Profit 1,212,818 1,558,892 -617,223 -195,092 1,830,041 1,753,984 Profit Profit 70.1% 28.3% 115.4% 45.8% -45.3% -17.4% -39.2% -38.1% 17.1% -24.1% 41.3% Profit 22.4% -17.0% 39.4% Profit 4.13% 1.41% 2.7% 192.9% PRE PROVISION INCOME (LOSS): ( ( ) ) Pre-provision operating income (tax effected) Pre-provision comprehensive income (tax effected) KEY FINANCIAL RATIOS: CIR Cost/Income Ratio Compensation to Income Ratio , , , , ROE (Return on Equity), YTD, annualized ROC (Return on Capital), YTD, annualized NIM (Net Interest Margin) Notes 255.9% 107,838 3,254,840 Minority ( ( . YOY YOY % Variance Variance 1,687,489 24.7% -143,264 -84.7% 0 1,942,439 32.1% -89,217 -15.4% -22,469 -98.6% 0 -730,427 -12.4% -1,218,837 -26.4% 23,345 109.7% -3,523 -24.3% 371,147 128.3% 133,190 28.7% -35,749 -7.5% ...
View Full Document

This note was uploaded on 09/19/2011 for the course ECONOMICS eco3345 taught by Professor Smith during the Spring '10 term at Kazakhstan Institute of Management, Economics and Strategic Research.

Ask a homework question - tutors are online