UNION BANK
CONSOLIDATED BALANCE SHEET AT 30 JUNE 2009 ( Unaudited)
(In Jordanian Dinars) |
|
Assets
|
2009
|
2008
|
| Cash and balances with Central Banks |
198,426,701
|
137,039,173
|
| Balances at banks and financial institutions |
167,654,691
|
204,677,269
|
| Deposits at banks and financial institutions |
2,007,260
|
5,197,760
|
| Financial assets held for trading |
7,165,106
|
884,553
|
| Direct credit facilities |
649,361,701
|
601,551,048
|
| Financial assets available for sale |
154,580,462
|
147,777,908
|
| Financial assets held to maturity |
2,690,863
|
2,734,939
|
| Financial assets pledged as collateral |
-
|
5,973,283
|
| Property and equipment |
14,563,366
|
12,084,961
|
| Intangible assets |
696,398
|
666,263
|
| Deferred tax assets |
2,720,831
|
3,156,004
|
| Other assets |
39,304,225
|
12,726,283
|
| Total Assets |
1,239,171,604
|
1,134,469,444
|
| Liabilities And Equity |
| Liabilities |
| Banks and financial institutions’ deposits |
143,634,826
|
122,876,622
|
| Customers' deposits |
713,574,205
|
653,175,345
|
| Margin accounts |
106,550,648
|
91,709,022
|
| Loans and borrowings |
15,525,134
|
24,141,627
|
| Sundry provisions |
578,579
|
213,205
|
| Income tax liabilities |
9,226,234
|
13,490,219
|
| Deferred tax liabilities |
1,203,361
|
276,235
|
| Other liabilities |
29,661,664
|
10,069,352
|
| Total Liabilities |
1,019,954,651
|
915,951,627
|
| Equity |
| Paid in capital |
100,000,000
|
95,000,000
|
| Share premium |
79,255,311
|
79,255,311
|
| Statutory reserve |
13,548,162
|
13,548,162
|
| Voluntary reserve |
3,159,659
|
3,159,659
|
| General banking risk reserve |
5,996,895
|
5,519,193
|
| Cumulative changes in fair value |
3,239,165
|
698,984
|
| Retained earnings |
6,836,508
|
21,336,508
|
| Net Profit |
7,181,253
|
-
|
| Total Equity |
219,216,953
|
218,517,817
|
| Total Liabilities and Equity |
1,239,171,604
|
1,134,469,444
|
| UNION BANK CONSOLIDATED INCOME STATEMENTFOR THE PERIOD ENDED JUNE 30 , 2009 ( Unaudited)(In Jordanian Dinars) |
| |
|
|
|
|
|
For The Six Months Ended On
|
|
For The Three Months Ended On
|
|
|
|
|
|
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|
30 حزيران2009
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30 حزيران2008
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30 حزيران2009
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30 حزيران2008
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|
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|
|
|
|
|
| Interest income |
|
|
|
|
34,430,513
|
|
33,627,428
|
|
17,803,258
|
|
17,071,454
|
| Interest expense and similar charges |
|
|
19,225,197
|
|
18,209,902
|
|
9,730,876
|
|
8,810,864
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Interest Income |
|
|
|
15,205,316
|
|
15,417,526
|
|
8,072,382
|
|
8,260,590
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net commission |
|
|
|
|
5,217,467
|
|
3,177,874
|
|
2,845,565
|
|
1,753,707
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net interest and commission income |
|
20,422,783
|
|
18,595,400
|
|
10,917,947
|
|
10,014,297
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other income- |
|
|
|
|
|
|
|
|
|
|
|
| Net gain from foreign currencies |
|
|
2,425,638
|
|
3,174,125
|
|
2,182,688
|
|
907,223
|
| Net gain from financial assets held for trading |
|
293,021
|
|
2,301,492
|
|
242,327
|
|
2,352,499
|
| Net gain (loss) from financial assets available for sale |
116,129
|
|
(547,452)
|
|
57,025
|
|
(1,157,669)
|
| Other income |
|
|
|
|
982,059
|
|
1,255,769
|
|
496,859
|
|
736,950
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
|
|
|
24,239,630
|
|
24,779,334
|
|
13,896,847
|
|
12,853,300
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Employees' expenses |
|
|
|
4,134,077
|
|
3,341,630
|
|
2,427,089
|
|
1,846,418
|
| Depreciation and amortization |
|
|
540,068
|
|
446,365
|
|
274,795
|
|
228,858
|
| Other expenses |
|
|
|
|
2,876,068
|
|
1,970,201
|
|
1,493,441
|
|
1,067,724
|
| Impairment losses (reversals) in direct credit facilities |
5,743,953
|
|
309,613
|
|
4,226,328
|
|
(130,144)
|
| Sundry provisions |
|
|
|
435,374
|
|
241,419
|
|
341,676
|
|
(516,577)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total expenses |
|
|
|
13,729,540
|
|
6,309,228
|
|
8,763,329
|
|
2,496,279
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Profit before tax |
|
|
|
10,510,090
|
|
18,470,106
|
|
5,133,518
|
|
10,357,021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income tax expense |
|
|
|
(2,851,135)
|
|
(4,838,337)
|
|
(1,405,650)
|
|
(2,165,026)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Profit for the period |
|
|
|
7,658,955
|
|
13,631,769
|
|
3,727,868
|
|
8,191,995
|
|
|
|
|
|
|
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|
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|
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|
|
JD/Fils
|
|
JD/Fils
|
|
JD/Fils
|
|
JD/Fils
|
| Basic and diluted earnings per share |
|
|
0.077
|
|
0.136
|
|
0.037
|
|
0.082
|
