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Questions about the Income Statement.  a. List 2 expense accounts AND their amounts for 2020. b. What was the net profit/(loss) for 2020? What about 2019? c. Compared with 2019, has the net profit/(loss) increased or decreased?  Questions about the Statement of Financial Position. a. How much was the Cash account balance at December 31, 2020? What about 2019? b. Mention the biggest liability with its amount for the company at December 31, 2020. c. What was the Total Equity for the company at December 31, 2020? What about December 31, 2019?

Questions about the Income Statement.  a. List 2 expense accounts AND their amounts for 2020. b. What was the net profit/(loss) for 2020? What about 2019? c. Compared with 2019, has the net profit/(loss) increased or decreased?  Questions about the Statement of Financial Position. a. How much was the Cash account balance at December 31, 2020? What about 2019? b. Mention the biggest liability with its amount for the company at December 31, 2020. c. What was the Total Equity for the company at December 31, 2020? What about December 31, 2019?

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter4: Internal Control And Cash
Section: Chapter Questions
Problem 60APSA
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Questions about the Income Statement. 

a. List 2 expense accounts AND their amounts for 2020.

b. What was the net profit/(loss) for 2020? What about 2019?

c. Compared with 2019, has the net profit/(loss) increased or decreased?

 Questions about the Statement of Financial Position.

a. How much was the Cash account balance at December 31, 2020? What about 2019?

b. Mention the biggest liability with its amount for the company at December 31, 2020.

c. What was the Total Equity for the company at December 31, 2020? What about December 31, 2019?

بنك بوبیان BOUBYAN BANK K.S.C.P. AND SUBSIDIARIES Boubyan Bank CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the year ended 31 December 2020 2020 2019 Notes KD'000s KD'000s Income Murabaha and other Islamic financing income 223,064 207,629 Finance cost and distribution to depositors (84,175) (88,170) Net financing income 138,889 119,459 Net investment income 6,836 6,195 Net fees and commission income 8 12,275 16,428 Net foreign exchange gain 5,157 3,687 Other income 35 4,325 Net operating income 167,482 145,769 Staff costs (45,230) (36,094) General and administrative expenses (20,011) (17,078) Depreciation (9,156) (7,892) Operating expenses (74,397) (61,064) Operating profit before provision for impairment 93,085 84,705 Provision for impairment 9 (59,015) (18,711) Operating profit before taxation and board of directors' remuneration 34,070 65,994 Тахation 10 (73) (2,867) Board of directors' remuneration (450) (450) Net profit for the year 33,547 62,677 Attributable to: Equity holders of the Bank 34,421 62,647 Non-controlling interests (874) 30 Net profit for the year 33,547 62,677 Basic and diluted earnings per share attributable to the equity holders of the Bank (fils) 11 9.66 19.41
Transcribed Image Text:بنك بوبیان BOUBYAN BANK K.S.C.P. AND SUBSIDIARIES Boubyan Bank CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the year ended 31 December 2020 2020 2019 Notes KD'000s KD'000s Income Murabaha and other Islamic financing income 223,064 207,629 Finance cost and distribution to depositors (84,175) (88,170) Net financing income 138,889 119,459 Net investment income 6,836 6,195 Net fees and commission income 8 12,275 16,428 Net foreign exchange gain 5,157 3,687 Other income 35 4,325 Net operating income 167,482 145,769 Staff costs (45,230) (36,094) General and administrative expenses (20,011) (17,078) Depreciation (9,156) (7,892) Operating expenses (74,397) (61,064) Operating profit before provision for impairment 93,085 84,705 Provision for impairment 9 (59,015) (18,711) Operating profit before taxation and board of directors' remuneration 34,070 65,994 Тахation 10 (73) (2,867) Board of directors' remuneration (450) (450) Net profit for the year 33,547 62,677 Attributable to: Equity holders of the Bank 34,421 62,647 Non-controlling interests (874) 30 Net profit for the year 33,547 62,677 Basic and diluted earnings per share attributable to the equity holders of the Bank (fils) 11 9.66 19.41
ہنك بوبیان BOUBYAN BANK K.S.C.P. AND SUBSIDIARIES Boubyan Bank CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 31 December 2020 2020 2019 Notes KD'000s KD'000s Assets Cash and balances with banks 12 286,718 232,393 Deposits with Central Bank of Kuwait 336,934 306,156 Deposits with other banks 13 180,092 330,046 Islamic financing to customers 14 4,823,266 3,826,073 Investment in Sukuk 15 523,046 306,315 Other investment securities 15 99,109 101,215 Investments in associates 17 4,073 33,144 Investment properties 18 47,133 46,555 Other assets 19 45,419 32,422 Property and equipment 91,359 86,229 Total assets 6,437,149 5,300,548 Liabilities and Equity Liabilities Due to banks 281,371 236,480 Depositors' accounts 5,107,728 4,347,226 Medium term financing 20 305,509 Other liabilities 21 115,811 63,661 Total liabilities 5,810,419 4,647,367 Equity Share capital 22 302,827 288,407 Share premium 23 156,942 156,942 Treasury shares 25 (54) (54) Statutory reserve 26 35,512 31,848 Voluntary reserve 27 30,468 30,468 Other reserves 27 (21,958) (8,354) Retained earnings 14,123 76,191 Equity attributable to equity holders of the Bank 517,860 575,448 Perpetual Tier 1 Sukuk 28 75,388 75,388 Non-controlling interests 33,482 2,345 Total equity 626,730 653,181 Total liabilities and equity 6,437,149 5,300,548 Adel Abdul Wahab Al Majed Vice Chairman & Group Chief Executive Officer Abdulaziz Abdúllah Dakheel Al-Shaya Chairman
Transcribed Image Text:ہنك بوبیان BOUBYAN BANK K.S.C.P. AND SUBSIDIARIES Boubyan Bank CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 31 December 2020 2020 2019 Notes KD'000s KD'000s Assets Cash and balances with banks 12 286,718 232,393 Deposits with Central Bank of Kuwait 336,934 306,156 Deposits with other banks 13 180,092 330,046 Islamic financing to customers 14 4,823,266 3,826,073 Investment in Sukuk 15 523,046 306,315 Other investment securities 15 99,109 101,215 Investments in associates 17 4,073 33,144 Investment properties 18 47,133 46,555 Other assets 19 45,419 32,422 Property and equipment 91,359 86,229 Total assets 6,437,149 5,300,548 Liabilities and Equity Liabilities Due to banks 281,371 236,480 Depositors' accounts 5,107,728 4,347,226 Medium term financing 20 305,509 Other liabilities 21 115,811 63,661 Total liabilities 5,810,419 4,647,367 Equity Share capital 22 302,827 288,407 Share premium 23 156,942 156,942 Treasury shares 25 (54) (54) Statutory reserve 26 35,512 31,848 Voluntary reserve 27 30,468 30,468 Other reserves 27 (21,958) (8,354) Retained earnings 14,123 76,191 Equity attributable to equity holders of the Bank 517,860 575,448 Perpetual Tier 1 Sukuk 28 75,388 75,388 Non-controlling interests 33,482 2,345 Total equity 626,730 653,181 Total liabilities and equity 6,437,149 5,300,548 Adel Abdul Wahab Al Majed Vice Chairman & Group Chief Executive Officer Abdulaziz Abdúllah Dakheel Al-Shaya Chairman
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