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Question No. Two: Good financial analysis rests on the availability of a highly liquid secondary market. Discuss. Statement of Income: JD'000 Notes 2019 2020 1 141 265 34 T 377051 602 140 35 462421 578 844 774 911 36 128 404 146471 921 382 307 248 REVENUE ARAB BANK PLC Interest income Less: Interest expense Net Interest Income Net commission income Net Interest and Commission Income Foreign exchange differences Gain from financial assets at fair value through profit or loss Dividends from financial assets at fair value through other comprehensive income Dividends from subsidiaries and associates Other revenue TOTAL INCOME 13302 SO 411 37 2617 4100 TI 3159 52742 121 253 39 19730 15 588 928 798 1116 723 40 230 016 232 255 164 942 41 182 234 15616 32 858 31 563 EXPENSES Employees expenses Other expenses Depreciation and amortization Provision for impairment ECL Other provisions TOTAL EXPENSES 6 1188 404870 10 169 360 177 12885 560 503 556 220 PROFIT FOR THE YEAR BEFORE INCOME TAX Less: Income tax expense PROFIT FOR THE YEAR 22 68 621 46821 21 ROO 132660 423 560 JD 000 ARAB BANK PLC Notes 2020 2019 423 560 21 800 31 38 431 (8191) Profit for the year Add: Other comprehensive income items after tax Items that will be subsequently transferred to the statement of income Exchange differences arising on the translation of foreign operations Items that will not be subsequently transferred to the statement of income Change in fair value of financial assets at fair value through other comprehansice income Net change in fair value of financial assets at fair value through other comprehensive income (Loss) from sale of finacial assets at fair value through the statement of compreharsive income Total Other Comprehensive Income Items - After Tax TOAL COMPREHENSIVE INCOME FOR THE YEAR 32 (2904 41 (1022) 241 (1 882) (200) 35 527 57327 (8150) 415 410 Statement of Financial Position: JD'000 ARAB BANK PIC Notes 31 December 2020 2019 7 8 4833 256 3498 702 3752594 3 264 458 164609 169020 63 451 48 657 10 Cash and balances with central banks Balances with banks and financial institutions Deposits with banks and financial institutions Financial assets at fair value through profit or loss Financial derivatives positive fair value Direct credit facilities at amortized cost Financial assets at fair value through other comprehensive income Other financial assets at amortized cost Investments in subsidiaries and associates Fixed assets Other assets Deferred tax assets TOTAL ASSETS 42 12 11 23 497 11 926 366 ASSETS 43 227 11 649 462 154564 5078 701 1 074 381 225 022 381 058 157 764 5183 740 13 921 524 15 228 723 440 321 16 17 138 612 27 189 093 96 069 26 328 685 18 19 2031 064 18 483 736 1672 994 53063 352 203 1 980 915 17425837 2081 052 20 42 21 19854 181 582 Banks and financial institutions' deposits Customer deposits Cash margin Financial derivatives negative fair value Borrowed funds Provision for income tax Other provisions Other liabilities Deferred tax liabilities Total Liabilities 22 23 24 25 108 031 145 503 487 807 157 562 142 882 542 562 1 197 22 533 443 2 123 23 336 524 LIABILITIES AND OWNERS' EQUITY 26 26 27 540 800 859626 640 800 640 800 859626 640 800 28 29 Share capital Share premium Statutory reserve Voluntary reserve General reserve General banking risks reserve Foreign currency translation reserve Investment revaluation reserve Retained earnings Total Shareholders' Equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 614 920 583 695 108 795 30 31 32 33 614920 583 695 108.494 ( 159 966) (215 968) 780 168 3 852 569 27 189093 (198 397 (214946 759 949 3795 242 26 328 685