HSBC Bank Armenia cjsc

Transcription

1 HSBC Bank Armenia cjsc Interim Financial Statements for 3Q 2015

2 Income Statement Name 01/07/ /09/ /01/ /09/ /07/ /01/2014 Interest income 5,099,636 15,260,212 5,046,027 14,641,213 Interest expense (1,365,772) (4,957,711) (1,250,401) (3,713,749) Net interest income* 3,733,864 10,302,501 3,795,626 10,927,464 Fee and commission income 961,906 2,623, ,142 1,959,363 Fee and commission expense (141,272) (449,234) (157,893) (395,468) Net fee and commission income 820,634 2,174, ,249 1,563,895 Dividend income Net income from trade operations 832,155 1,958, ,715 1,183,811 Other operating income 32, ,344 39, ,173 Operating income 5,419,301 14,548,146 4,964,116 13,823,343 Impairment losses (1,677,639) (1,986,660) (179,965) (838,615) General administrative expenses (1,857,110) (5,303,830) (1,683,732) (4,981,037) Other operating expenses (356,936) (1,031,211) (341,161) (978,060) Net profit/(loss) from investments in controlled entities Profit/(loss) before taxes* 1,527,616 6,226,445 2,759,258 7,025,631 Income tax expense (179,799) (1,223,168) (586,151) (1,426,022) Profit/(loss) after taxes 1,347,817 5,003,277 2,173,107 5,599,609 Net Profit (loss) for the period 1,347,817 5,003,277 2,173,107 5,599,609 Other comprehensive income Currency translation differences of the financial statements with a foreign operation Revaluation of availableforsale assets 122,749 (746,267) 98,999 (47,495) Cash Flow hedges Revaluation of not current assets Income tax on comprehensive income (24,550) 149,253 (19,800) 9,499 Other comprehensive income after tax 98,199 (597,014) 79,199 (37,996) Total comprehensive income 1,446,016 4,406,263 2,252,306 5,561,613 * See additional information on Balance Sheet page Chief Financial Officer

3 Statement of Financial Position Name As at the end of the current period As at the end of prior Financial Year Assets 1.1 Cash and balances with the Central Bank of Armenia 45,365,121 46,115, Precious metals bullions 1.3 Placement with banks and other financial institutions 15,763,402 34,928, Financial assets held for trading 796,814 1,563, Loans and advances to customers* 185,456, ,472, Financial assets availableforsale 18,667,517 33,074, Investments held to maturity 1.8 Investments in share capital of controlled entities 1.9 Not current assets held for disposal 1.10 Property, plant and equipment and other intangible assets 3,630,167 3,865, Deferred tax assets 1.12 Other assets 1,669, ,529 Total assets 271,349, ,609,112 2 Liabilities 2.1 Deposits and balances from banks and other financial institutions 50,778,557 69,950, Current accounts and deposits from customers 151,853, ,769, Securities issued by the Bank 2.4 Liability held for trading 36, , Amounts payable 728, , Deferred tax liabilities 2,064, , Provisions 2.8 Other liabilities 14,525,388 15,221,529 Total liabilities 219,986, ,648,710 3 Equity 3.1 Share capital 18,434,350 18,434, Share premium 3.3 Reserves: General reserve 1,958,838 1,958, Revaluation reserves (398,847) 198, Retained earnings/(loss) 31,279,858 26,276, Other equity components 87,963 92,466 Total equity 51,362,162 46,960,402 Total equity and liabilities 271,349, ,609,112 * Additional information on loans and advances to customers provided by HSBC Group Name as at as at Loans to customers provided by HSBC Bank plc, London as referred by HSBC Bank Armenia cjsc 53,303,150 45,279,283 Total loans including loans to customers provided by HSBC Bank plc, London as referred by the Bank 238,759, ,751,791 Total assets including loans to customers provided by HSBC Bank plc, London as referred by the Bank 324,652, ,888,395 Name as at as at Net interest income from loans to customers provided by HSBC Bank plc, London as referred by the Bank 1,252, ,218 Profit/(loss) before taxes including net interest income from loans to customers provided by HSBC Bank plc, London as referred by the Bank 7,479,310 7,614,849

4 Statement of Changes in Shareholders Equity Equity components Share capital Share capital General reserve Revaluation of availableforsale assets Share based payments reserve Retained earnings/(loss) Total Captions Comparative interim period of prior financial year (Table I) 9. Balance at the beginning of the current period, as at 1 January ,434,350 1,585,119 1,087,892 87,893 20,085,831 41,281, Total impact of changes in accounting policy and material errors 10. Restated balance 18,434,350 1,585,119 1,087,892 87,893 20,085,831 41,281, Transactions with shareholders (owners) with respect to shares (shareholdings) Investments in share capital and increase of share capital Decrease in share capital as a result of purchased back shares 12. Comprehensive Income (37,996) 5,599,609 5,561, Dividends distributed 14. Other increase/(decrease) of equity components Increase or decrease in derivatives classified as equity components 15. Internal movements Allotment to general reserve Cover of loss from general reserve Cover of share discount Decrease in value of property, plant and equipment and other intangible assets caused by revaluation Internal movements of other equity components 5,306 5, Balance at the end of the current period, as at 30 September ,434,350 1,585,119 1,049,896 93,199 25,685,440 46,848,004 Interim period of current financial year (Table II) 9. Balance at the beginning of the current period, as at 1 January ,434,350 1,958, ,167 92,466 26,276,581 46,960, Total impact of changes in accounting policy and material errors 10. Restated balance 18,434,350 1,958, ,167 92,466 26,276,581 46,960, Transactions with shareholders (owners) with respect to shares (shareholdings) Investments in share capital and increase of share capital Decrease in share capital as a result of purchased back shares 12. Comprehensive Income (597,014) 5,003,277 4,406, Dividends distributed 14. Other increase/(decrease) of equity components Increase or decrease in derivatives classified as equity components 15. Internal movements Allotment to general reserve Cover of loss from general reserve Cover of share discount Decrease in value of property, plant and equipment and other intangible assets caused by revaluation Internal movements of other equity components (4,503) (4,503) 16. Balance at the end of the current period, as at 30 September ,434,350 1,958,838 (398,847) 87,963 31,279,858 51,362,162

5 Statement of Cash Flows 01/01/201530/09/15 01/01/ Cash flows from operating activities x Net cash flows before changes in operating assets and liabilities 8,045,144 9,189,483 Interest receipts 13,940,019 14,791,571 Interest payments (5,283,697) (3,550,133) Fee and commission receipts 2,565,808 2,039,195 Fee and commission payments (448,593) (395,045) Net receipts/(payments) from financial assets held for trading 1,026, ,428 Net receipts/(payments) from foreign exchange 1,568,167 1,034,032 Recovery of assets previously writtenoff 43, ,731 Salary paid and other related payments (2,887,674) (2,860,836) Other income and expenses from operating activities (2,478,595) (2,197,460) Cash flows from changes in operating assets and liabilities (596,685) (17,828,454) Decrease/(increase) of operating assets, including: 19,551,503 (19,495,097) Decrease/(increase) of loans and advances 5,826,888 (18,979,530) Decrease/(increase) of securities held for trading and availableforsale 13,712,611 (361,842) Decrease/(increase) of finance lease receivables Decrease/(increase) of other operating assets 12,005 (153,725) Increase/(decrease) of operating liabilities, including: (20,148,188) 1,666,643 Increase/(decrease) of current accounts and deposits from customers (19,234,782) 1,877,386 Increase/(decrease) of other operating liabilities (913,406) (210,743) Net cash flows from operating activities before income tax paid 7,448,459 (8,638,970) Income tax paid (1,382,553) (1,813,501) Net cash flows from operating activities 6,065,907 (10,452,471) 2. Cash flows from investing activities x x Decrease/(increase) of investments heldto maturity Decrease/(increase) of investments in share capital of other entities Decrease/(increase) of deposits allocated in other banks Decrease/(increase) of capital investments in property, plant and equipment and intangible assets (232,952) 104,843 Purchase of property, plant and equipment and intangible assets (271,946) (584,227) Disposal of property, plant and equipment and intangible assets 10,226 (10) Net cash flows from other investing activities Net cash flows from investing activities (494,672) (479,394) 3. Cash flows from financing activities x x Dividends paid Increase/(decrease) of borrowings received from the Central Bank of Armenia (13,575,212) (89,000) Increase/(decrease) of borrowings received from banks (1,524,524) 1,622,916 Increase/(decrease) of other borrowings received (2,384,718) (2,319,857) Increase/(decrease) of securities issued by the Bank Investments of shareholders in share capital Increase/(decrease) of finance lease payables Net cash flows from other financing activities Net cash flows from financing activities (17,484,453) (785,941) Effect of changes in exchange rates on cash and cash equivalents (731,882) (25,515) Net increase/(decrease) of cash and cash equivalents (12,645,101) (11,743,321) Cash and cash equivalents at the beginning of the period 71,926,650 52,531,482 Cash and cash equivalents at the end of the period 59,281,549 40,788,161 T. Clemenz A. Drambyan