Question No. Four: Based on the actual financial statements, provide some decent analysis of the Royal Jordanian. Your answer should take into consideration COVID-19 and its likely impact. ARAB BANK PLC Notes 7 B 9 10 12 Cash and balances with central bankes Balances with banks and financial institutions Deposits with banks and financal 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 Others Deferred tax assets TOTAL ASSETS 31 December 2020 2019 4833 256 3752594 3498 702 3 254 458 3 451 154609 18657 169020 3227 23 497 11649 462 11 926 366 154564 157 764 5078 701 5 183 740 1074381 921524 225 022 228 223 381058 440 320 138 612 96 069 27 189 093 26 328 685 ASSETS 11 13 14 15 16 17 18 19 20 42 21 Banks and financial institutions' deposits Customer deposits Cashmangen Financial derivatives negative fair value Borrowed funds Provision for income tax Other provisions Other abilities Deferred tax liabilities Total Liabilities 2031064 18 483 736 1672.994 53 063 352 203 108031 145 503 487 307 2 123 23 336 524 1980 915 17425837 2081052 19854 181 582 157562 142882 542 562 1197 22 533 443 22 23 24 25 LIABILITIES AND OWNERS' EQUITY 9 26 27 640 800 859626 640 800 28 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 540 300 859626 640 300 614 920 583 695 108494 (159966 (2159581 29 614920 583 695 108 795 30 31 32 (198397 214946 33 780 168 3 852 569 27 189 093 759 949 3795 242 26 328 685 Statement of Income: JD 000 Notes 2020 2019 14 1377051 502140 35 462 421 573 566 120 400 774 911 146 9212 REVENUE ARAB BANK PLC interest income Les interest expense Net interest income Net commission income Net Interest and Commission income Foreign exchange differences Cain from financial assets at falt value through profit or loss Dividends from financial assets at fair value through other comprehensive Dividends from subsidiaries and associates Other revenue TOTAL INCOME NO7240 30 50411 32 2617 4100 11 1159 30 | income 38 52742 19730 121 253 15 5 39 928 798 1116 723 40 230 016 252255 41 166 EXPENSES Employees expenses otherwise Depreciation and amortization Provision for impairment- Other provisions TOTAL EXPENSES . 23 404 70 10 169 360 127 125 S60 SO3 68 621 556 220 PROFIT FOR THE YEAR BEFORE INCOME Les Income tax expense PROFIT FOR THE YEAR 22 46821 132660 423560 21 800 JD 000 ARAB BANK PK Notes 2020 2019 21 800 423 560 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 comprehansive income Total Other Comprehensive Income Items - After Tax TOAL COMPREHENSIVE INCOME FOR THE YEAR 32 (2 904) 41 (1022) 241 (1882) (200) 35 527 (8150) 415 410 57327 Question No. Four: Based on the actual financial statements, provide some decent analysis of the Royal Jordanian. Your answer should take into consideration COVID-19 and its likely impact. ARAB BANK PLC Notes 7 B 9 10 12 Cash and balances with central bankes Balances with banks and financial institutions Deposits with banks and financal 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 Others Deferred tax assets TOTAL ASSETS 31 December 2020 2019 4833 256 3752594 3498 702 3 254 458 3 451 154609 18657 169020 3227 23 497 11649 462 11 926 366 154564 157 764 5078 701 5 183 740 1074381 921524 225 022 228 223 381058 440 320 138 612 96 069 27 189 093 26 328 685 ASSETS 11 13 14 15 16 17 18 19 20 42 21 Banks and financial institutions' deposits Customer deposits Cashmangen Financial derivatives negative fair value Borrowed funds Provision for income tax Other provisions Other abilities Deferred tax liabilities Total Liabilities 2031064 18 483 736 1672.994 53 063 352 203 108031 145 503 487 307 2 123 23 336 524 1980 915 17425837 2081052 19854 181 582 157562 142882 542 562 1197 22 533 443 22 23 24 25 LIABILITIES AND OWNERS' EQUITY 9 26 27 640 800 859626 640 800 28 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 540 300 859626 640 300 614 920 583 695 108494 (159966 (2159581 29 614920 583 695 108 795 30 31 32 (198397 214946 33 780 168 3 852 569 27 189 093 759 949 3795 242 26 328 685 Statement of Income: JD 000 Notes 2020 2019 14 1377051 502140 35 462 421 573 566 120 400 774 911 146 9212 REVENUE ARAB BANK PLC interest income Les interest expense Net interest income Net commission income Net Interest and Commission income Foreign exchange differences Cain from financial assets at falt value through profit or loss Dividends from financial assets at fair value through other comprehensive Dividends from subsidiaries and associates Other revenue TOTAL INCOME NO7240 30 50411 32 2617 4100 11 1159 30 | income 38 52742 19730 121 253 15 5 39 928 798 1116 723 40 230 016 252255 41 166 EXPENSES Employees expenses otherwise Depreciation and amortization Provision for impairment- Other provisions TOTAL EXPENSES . 23 404 70 10 169 360 127 125 S60 SO3 68 621 556 220 PROFIT FOR THE YEAR BEFORE INCOME Les Income tax expense PROFIT FOR THE YEAR 22 46821 132660 423560 21 800 JD 000 ARAB BANK PK Notes 2020 2019 21 800 423 560 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 comprehansive income Total Other Comprehensive Income Items - After Tax TOAL COMPREHENSIVE INCOME FOR THE YEAR 32 (2 904) 41 (1022) 241 (1882) (200) 35 527 (8150) 415 410 57327