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CRDB Bank Q3 2020 Financial Statement PDF

This document contains financial statements for CRDB Bank PLC as of September 30, 2020. It includes a statement of financial position showing the bank's assets and liabilities, as well as a statement of cash flows. The statement of financial position shows that as of September 30, 2020 the bank had total assets of 6.2 trillion Tanzanian shillings, with the majority comprised of loans, advances and investments. The statement of cash flows indicates that for the period ended September 30, 2020, the bank experienced a net cash outflow from operating activities of 368.8 billion Tanzanian shillings.

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0% found this document useful (0 votes)
751 views1 page

CRDB Bank Q3 2020 Financial Statement PDF

This document contains financial statements for CRDB Bank PLC as of September 30, 2020. It includes a statement of financial position showing the bank's assets and liabilities, as well as a statement of cash flows. The statement of financial position shows that as of September 30, 2020 the bank had total assets of 6.2 trillion Tanzanian shillings, with the majority comprised of loans, advances and investments. The statement of cash flows indicates that for the period ended September 30, 2020, the bank experienced a net cash outflow from operating activities of 368.8 billion Tanzanian shillings.

Uploaded by

Patric Cletus
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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CRDB BANK PLC

Issued pursuant to regulations 7 and 8 of the banking and Financial Institutions (Disclosures) Regulations, 2014

STATEMENT OF FINANCIAL POSITION AS AT 30TH SEPTEMBER, 2020 STATEMENT OF CASH FLOW FOR THE PERIOD ENDED 30ST SEPTEMBER, 2020
(Amounts in Million Shillings) (Amounts in Million Shillings)

GROUP BANK GROUP BANK GROUP BANK


Current Qtr Previous Qtr Current Qtr Previous Qtr Previous
Current Previous Current Previous Current Yr Current Yr Previous Yr
30/09/2020 30/06/2020 30/09/2020 30/06/2020 Yr
Quarter Quarter Quarter Quarter Cumulative Cumulative Cumulative
A. ASSETS Cumulative
30/09/2020 30/06/2020 30/09/2020 30/06/2020 30/09/2020 30/09/2020 30/09/2019
1. Cash 305,809 289,569 300,916 282,839 30/09/2019
2. Balances with Bank of Tanzania 282,900 573,842 274,291 564,348 I: Cash flow from operating activities:
3 Investment in Government Securities 1,525,659 1,606,484 1,378,703 1,464,798 Net income (Loss) 70,078 54,524 65,293 51,185 170,308 131,745 159,967 131,858
4 Balances with Other Banks and financial institutions 212,987 200,608 226,154 219,889 Adjustment for :
5 Cheques and items for clearing 5,718 10,894 2,139 8,099 - Impairment / Amortization 42,436 34,837 41,749 34,210 118,882 127,270 116,926 125,517
6 Interbranch float items - - - - - Net change in loans and Advances (110,307) (121,401) (108,383) (128,784) (326,409) (96,224) (317,360) (94,344)

7 Bills negotiated - - - - - Gain / loss on Sale of Assets 23 64 23 64 87 - 87 -

8 Customers Liabilities on acceptances - - - - - Net change in Deposits (472,791) 375,608 (481,269) 377,903 (212,305) 175,306 (244,826) 149,040

Interbank Loans Receivables - Net change in Short Term Negotiable - - - - - - - -


9 - - - -
Securities - - - - - (22,607) - 111,278
10 Investment in other securities 4,654 4,518 4,654 4,518 - Net change in Other Liabilities 5,784 76,167 5,720 77,282 68,609 (7,939) 66,914 57,339
11 Loans, Advances and Overdrafts 3,732,094 3,617,179 3,665,497 3,550,909 - Net change in Other Assets 85,906 (134,878) 93,075 (134,456) (87,587) 1,891 (72,159) (14,078)
(Net of Allowances for Probable Losses) - Tax paid (11,754) (11,694) (11,754) (11,500) (34,948) (38,743) (34,754) (38,334)

12 Other Assets 332,931 338,013 326,515 333,495 - Others (specify) (10,965) (48,762) (6,714) (53,599) (65,431) - (37,703) -
Net cash provided ( used ) by operating
13 Equity Investments 6,697 7,479 28,987 29,770 (401,590) 224,465 (402,260) 212,305 (368,794) 270,699 (362,908) 428,276
activities
14 Underwriting accounts - - - - II: Cash flow from investing activities:

15 Property, Plant and Equipment 361,867 351,682 349,986 338,185 Dividend Received - - 23 523 - - 2,722 -
Purchase of Fixed Assets (13,906) (39,991) (12,097) (39,309) (57,094) (45,984) (54,592) (45,350)
16 TOTAL ASSETS 6,771,316 7,000,268 6,557,842 6,796,850 Proceeds from Sale of Fixed Assets - - - - - - - -
Purchase of Non - Dealing Securities - - - - - - - -
B. LIABILITIES
Proceeds from Sale Non - Dealing
- - - - - - - -
17 Deposits from other banks and financial institutions 111,349 25,833 4,347 5,387 Securities
Others (Intangible) (748) (58) (558) (58) (1,196) (4,475) (1,006) (4,471)
18 Customer deposits 4,875,952 5,425,532 4,798,628 5,268,989
Net cash provided (used ) by investing
19 Cash letters of credit - - - - (14,654) (40,045) (12,631) (38,843) (58,290) (50,459) (52,877) (49,821)
activities
20 Special deposits 32,668 33,118 32,668 33,118 III: Cash flow from financing activities:
Repayment of Long-term Debt (118,047) (15,970) (118,047) (12,017) (151,745) (61,223) (147,793) (61,223)
21 Payment orders / transfers payable 1,903 2,862 1,473 2,007
Proceeds from Isuance of Long Term Debt - - - - - - - -
22 Bankers' cheques and drafts issued 1,444 1,584 654 612
Proceeds from Issuance of Share Capital - - - - - - - -
23 Accrued taxes and expenses payable 46,935 35,449 44,887 34,011
Payment of Cash Dividends (2,095) (41,285) (2,095) (41,252) (43,380) (20,131) (43,380) (20,131)
24 Acceptances outstanding - - - -
Proceeds from borrowings and subordi-
290,963 46,019 290,963 42,067 412,200 (46,773) 408,247 (56,190)
25 Interbranch float items - - - - nated debt
Others (Grant received and refund) - - - - - - - -
26 Unearned income and other deferred charges 41,431 36,941 40,420 36,012
Net Cash Provided (used ) by Financing
27 Other Liabilities 95,928 108,215 97,107 108,766 170,821 (11,236) 170,821 (11,203) 217,074 (128,127) 217,074 (137,544)
activities
28 Borrowings 589,947 417,030 589,947 417,030 IV: Cash and Cash Equivalents:
Net Increase/ (Decrease ) in Cash and Cash
29 TOTAL LIABILITIES 5,797,557 6,086,564 5,610,131 5,905,932
Equivalent (245,424) 173,180 (244,069) 162,261 (210,010) 92,112 (198,711) 240,911
30 NET ASSETS / ( LIABILITIES ) 973,759 913,704 947,711 890,918 Cash and Cash Equivalents at the
C. SHAREHOLDERS' FUNDS Beginning of
the Quarter / Year 782,512 609,332 782,774 620,513 747,098 703,650 737,416 690,723
31 Paid up share capital 65,296 65,296 65,296 65,296
Cash and Cash Equivalents at the
32 Capital Reserves - - - - end of 537,088 782,512 538,705 782,774 537,088 795,762 538,705 931,634
33 Retained earnings 574,792 574,769 563,055 563,055 the Quarter / Year

34 Profit /(Loss) account 120,358 70,378 111,977 66,270


STATEMENTS OF CHANGES IN EQUITY AS AT 30TH SEPTEMBER, 2020
35 Others Capital Accounts 213,313 203,261 207,383 196,297 (Amounts in Million Shillings)
36 Minority Interest - - - -
GROUP
37 TOTAL SHAREHOLDERS' FUNDS 973,759 913,704 947,711 890,918
General
Share Share Retained Regulatory
38 Contingent Liabilities 1,670,213 1,663,289 1,669,619 1,662,033 Provision Others Total
Capital Premium Earnings Reserves
Reserves
39 Non performing loans & advances 184,085 179,759 183,455 179,030
Current Year - 30/09/2020
40 Allowances for probable losses 140,727 138,463 139,307 138,287
41 Other non performing assets - - - - Balance as at the beginning of the year 65,296 158,314 619,407 - 695 29,357 873,069
Profit for the year - - 120,358 - - - 120,358
D. SELECTED FINANCIAL CONDITION INDICATORS
Other Comprehensive Income - - (511) - - 25,190 24,679
(i) Shareholders Funds to Total assets 14.4% 13.1% 14.5% 13.1% Transactions with owners - - - - - - -

(ii) Non performing loans to Total gross loans 4.6% 4.6% 4.7% 4.7% Dividend paid - - (44,401) - - - (44,401)
Regulatory Reserve - - - - - - -
(iii) Gross Loans and advances to Total deposits 78.9% 68.8% 78.8% 69.6%
General Provision Reserve - - - - (243) - (243)
(iv) Loans and Advances to Total assets 55.1% 51.7% 55.9% 52.2%
Others - - 297 - - - 297
(v) Earnings Assets to Total Assets 80.9% 77.6% 80.4% 77.1% Balance as at the end of the current period 65,296 158,314 695,150 - 452 54,547 973,759
(vi) Deposits Growth -8.5% 7.5% -8.9% 7.7% Previous Year - 31st December 2019
(vii) Assets growth -3.3% 6.5% -3.5% 6.6% Balance as at the beginning of the year 65,296 158,314 489,227 - 31,020 29,763 773,620
Profit for the year - - 120,145 - - - 120,145

CONDENSED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Other Comprehensive Income - - - - - 328 328
FOR THE PERIOD ENDED 30TH SEPTEMBER, 2020 Transactions with owners - - - - - - -
(Amounts in Million Shillings) Dividend paid (20,894) (20,894)
Regulatory Reserve - - - - - - -
GROUP BANK GROUP BANK
General Provision Reserve - - 30,195 - (30,325) - (130)
Current Qtr Comparative Current Qtr Comparative Current Yr Previous Yr Current Yr Previous Yr
Qtr Qtr Qtr Qtr Cumulative Cumulative Cumulative Cumulative Others - - 734 - - (734) -
30/09/2020 30/09/2019 30/09/2020 30/09/2019 30/09/2020 30/09/2019 30/09/2020 30/09/2019 Balance as at the end of the previous
65,296 158,314 619,407 - 695 29,357 873,069
period
1. Interest Income 177,452 162,252 171,204 156,170 513,312 477,630 492,420 460,260
2. Interest expense (27,939) (30,366) (26,883) (28,172) (87,773) (87,964) (82,391) (81,164)
3. Net interest income 149,513 131,885 144,321 127,999 425,539 389,667 410,029 379,096 STATEMENTS OF CHANGES IN EQUITY AS AT AS AT 30TH SEPTEMBER, 2020
4. Bad debts written off - - - - - - - - (Amounts in Million Shillings)
5. Impairment Losses on Loans and Advances (23,022) (23,816) (22,815) (23,607) (64,023) (74,841) (63,339) (74,654)
6. Non-Interest Income 75,413 67,427 70,894 61,946 204,159 187,392 195,917 183,361 BANK
6.1 Foreign Currency Dealings and Transla-
11,868 8,538 9,531 7,658 27,642 29,893 25,350 28,959 General
tion Gain / (Loss) Share Share Retained Regulatory
Provision Others Total
6.2 Fees and Commissions 55,629 55,134 53,424 50,533 157,799 150,732 149,127 141,136 Capital Premium Earnings Reserves
Reserves
6.3 Dividend Income - - 23 - - - 2,722 6,500
Current Year - 30/09/2020
6.4 Other Operating Income 7,916 3,756 7,916 3,756 18,718 6,767 18,718 6,767
Balance as at the beginning of the year
Non-Interest Expense 65,296 158,314 607,181 - - 23,528 854,319
7. (131,826) (130,401) (127,107) (124,879) (395,367) (370,472) (382,640) (355,944) (Restated)
7.1 Salaries and Benefits Profit for the year - - 111,977 - - - 111,976
(71,210) (62,205) (68,860) (60,064) (219,169) (189,779) (212,288) (183,635)
Other Comprehensive Income - - - - - 25,541 25,541
7.2 Fees and Commissions (11,175) (9,079) (11,164) (8,066) (32,546) (22,725) (32,500) (20,526)
Transactions with owners - - - - - - -
7.3 Other Operating Expenses (49,441) (59,116) (47,083) (56,749) (143,652) (157,968) (137,852) (151,783)
Dividend paid - - (44,401) - - - (44,401)
8. Operating Income/(Loss) 70,078 45,097 65,293 41,459 170,308 131,745 159,967 131,858
Regulatory Reserve - - - - - - -
9 Income tax provision (20,099) (14,015) (19,588) (12,438) (49,950) (39,580) (47,990) (39,557) General Provision Reserve - - - - - - -
10 Net Income (Loss ) After Income Tax 49,979 31,082 45,705 29,021 120,358 92,166 111,977 92,301 Others - - 275 - - - 275

11 Other Comprehensive Income 11,111 9,827 11,086 7,910 25,190 (10,867) 25,541 (11,019) Balance as at the end of the current period 65,296 158,314 675,032 - - 49,069 947,711
Translation+Revaluation Reserve+Shares
11,111 9,827 11,086 7,910 25,190 (10,867) 25,541 (11,019)
Traded Previous Year - 31/12/2019
Total Comprehensive income/(loss)for
12 61,090 40,908 56,791 36,931 145,548 81,299 137,518 81,281 Balance as at the beginning of the year
the year 65,296 158,314 474,991 - 30,195 24,604 753,400
(Restated)
13 Number of Employees 3,639 3,393 3,518 3,277 3,639 3,393 3,518 3,277
Profit for the year 122,646 122,646
14 Basic Earnings Per Share 19.1 11.9 17.5 11.1 46.1 35.3 42.9 35.3
Other Comprehensive Income - - - - - (833) (833)
15 Number of Branches 244 240 241 237 244 240 241 237
Transactions with owners - - - - - - -
SELECTED PERFORMANCE INDICATORS: Dividend paid - - (20,894) - - - (20,894)

(i) Return on Average Total Assets 4.1% 2.9% 4.0% 2.8% 3.4% 2.9% 3.3% 2.9% Regulatory Reserve - - - - - - -

(ii) Return on Average Shareholders' Funds 20.9% 15.3% 19.6% 14.6% 17.3% 15.4% 16.5% 15.8% General Provision Reserve - - 30,195 (30,195) -

(iii) Non interest Expense to Gross Income 56.4% 65.4% 56.8% 65.7% 60.8% 64.2% 61.1% 63.3% Others - - 243 - - (243) -

Net Interest Income to Average Earning Balance as at the end of the previous
(iv) 10.9% 11.0% 10.9% 11.0% 8.0% 10.9% 8.0% 10.9% 65,296 158,314 607,181 - - 23,528 854,319
Assets period

SELECTED EXPLANATORY NOTES FOR THE QUARTER ENDED 30TH SEPTEMBER, 2020
In preparation of the quartely statements, consistent accounting policies have been used as those applicable to the previous year audited financial statements (there were no changes during the quarter to be explained as per IAS 34 and IAS 8)
Mr. Abdulmajid M. Nsekela : Group CEO & Managing Director
Mr. Frederick B. Nshekanabo : Chief Financial Officer
Mr. Godfrey Sigalla : Director of Internal Audit
We the undersigned directors attest to the faithful representation of the above statements. We declare that the statements have been examinated by us, and to the best of our knowledge and belief have been prepared in conformance with International Financial Reporting Standards and requirements of
the Banking and Financial Institution Act, 2016 and they present a true and fair view.
Dr. Ally H. Laay : Board Chairman
Mr.Hosea E. Kashimba : Board Member

Dated: :21st October, 2020

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