i. Comparing the Net Profit in two years (2018 & 2019), state weather the Net Profit
h. What was the Net Profit (Net Income or Profit of the year)/ Net Loss for the company in 2018?
i. Comparing the Net Profit in two years (2018 & 2019), state weather the Net Profit
National Bank of Kuwait Group CONSOLIDATED STATEMENT OF INCOME For the year ended 31 December 2019 2019 KD 000's 2018 KD 000's Notes 897,218 330,882 Interest income Interest expense Net interest income 986,526 421,618 564,908 366,336 211,317 87,001 186,089 61.972 124,316 124,117 689,224 690,453 7 157,152 8,419 39,343 1,379 150,176 2,140 39,026 1.424 206,293 192,766 895,517 883,219 175,731 98,852 Murabaha and other Islamic financing income Finance cost and Distribution to depositors Net income from Islamic financing Net interest income and net income from Islamic financing Net fees and commissions Net investment income Net gains from dealing in foreign currencies Other operating income Non-interest income Net operating income Staff expenses Other administrative expenses Depreciation of premises and equipment Amortisation of intangible assets Operating expenses Operating profit before provision for credit losses and impairment losses Provision charge for credit losses and impairment losses Operating profit before taxation Taxation Profit for the year Attributable to Shareholders of the Bank Non-controlling interests 24 24 15 159,984 98,555 14,703 3,096 26,493 3,198 304,274 276,338 591,243 606,881 8 129,715 179,692 461,528 427,189 9 35,536 33,240 425,992 393,949 401,291 24,701 370,709 23.240 425,992 393,949 Basic earnings per share attributable to shareholders of the Bank 10 60 fils SS fils The attached notes 1 to 32 form part of these consolidated financial statements National Bank of Kuwait Group CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 31 December 2019 2019 KD 000's 2018 KD 0005 Notes 11 13 13 3,787,173 823,229 662,175 1,909,081 Assets Cash and short term funds Central Bank of Kuwait bonds Kuwait Government treasury bonds Deposits with banks Loans, advances and Islamic financing to customers Investment securities Investment in associates Land, premises and equipment Goodwill and other intangible assets Other assets 16,352 598 12 13 14 24 15 16 4,214,562 35.297 433,340 $82,927 270,171 2,966,707 809,871 872,042 2,364,242 15,503.402 3,678,032 31,423 362,801 578,973 260,445 27,427,940 Total assets 29.270,753 7,581,929 15.930,577 538,611 227,159 124,801 608,516 8,090,484 14,388,836 451,128 220,124 124,768 451,290 17 18 19 25,011,593 23,726,630 Liabilities Due to banks and other financial institutions Customer deposits Certificates of deposit issued Global medium term notes Subordinated Tier 2 bonds Other liabilities Total liabilities Equity Share capital Proposed bonus shares Statutory reserve Share premium account Treasury shares Treasury share reserve Other reserves Equity attributable to shareholders of the Bank Perpetual Tier 1 Capital Securities Non-controlling interests Total equity Total liabilities and equity 20 21 20 20 20 20 20 652,399 32,620 326,199 803,028 (39,258) 25.115 1,633,641 621,332 31,067 310,666 803,028 (65.425) 14,010 1,448,579 3.163.257 210,700 327,353 3,701,310 22 26 3,433,744 438,438 386,978 4,259.160 29,270,753 27,427,940 I sam asy Nasser Musaed Abdullah Al-Sayer Chairman Isam J. Al Sager Group Chief Executive Officer The attached notes 1 to 32 form part of these consolidated financial statements 10
