Emirates Investment Bank P J S C : Financial statements for the 2nd QTR of 2022

Emirates Investment Bank P.J.S.C.

CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION

For the six month period ended 30 June 2022

Emirates Investment Bank P.J.S.C.

Review report and condensed consolidated interim financial information for the six month period ended 30 June 2022

Contents	Pages
Review report on condensed consolidated interim financial information	1
Condensed consolidated interim statement of financial position	2
Condensed consolidated interim statement of profit or loss	3
Condensed consolidated interim statement of other comprehensive income	4
Condensed consolidated interim statement of cash flows	5
Condensed consolidated interim statement of changes in equity	6-7
Notes to the condensed consolidated interim financial information	8 - 24

Emirates Investment Bank P.J.S.C.

CONDENSED CONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS

For the six month period ended 30 June 2022 (Unaudited)

		Three month period ended	Six month period ended
		30 June	30 June
		2022	2021	2022	2021
	Notes	AED'000	AED'000	AED'000	AED'000
Interest income	8	10,276	8,972	19,058	18,156
Net income from investments	9	14,921	19,509	25,961	31,233
		───────	───────	───────	───────
		25,197	28,481	45,019	49,389
Interest expense		(7,759)	(6,938)	(15,261)	(13,684)
		───────	───────	───────	───────
INTEREST AND INVESTMENT		17,438	21,543	29,758	35,705
INCOME, NET
Fee, commission and other income		5,926	4,322	11,598	9,636
Exchange gain, net		954	380	1,448	1,117
		───────	───────	───────	───────
OPERATING INCOME		24,318	26,245	42,804	46,458
		───────	───────	───────	───────
General and administrative expenses		(15,033)	(19,257)	(29,864)	(35,102)
Net impairment (loss)/reversal on
financial assets	6.1	(6,043)	358	(53,331)	2,995
		───────	───────	───────	───────
OPERATING EXPENSES		(21,076)	(18,899)	(83,195)	(32,107)
		───────	───────	───────	───────
PROFIT/(LOSS) FOR THE PERIOD		3,242	7,346	(40,391)	14,351
		═══════	═══════	═══════	═══════
Attributable to:
Equity holders of the parent		3,242	7,346	(40,391)	14,351
Non-controlling interests		-	-	-	-
		───────	───────	───────	───────
PROFIT/(LOSS ) FOR THE PERIOD		3,242	7,346	(40,391)	14,351
		═══════	═══════	═══════	═══════
BASIC AND DILUTED
EARNINGS/(LOSS) PER SHARE
ATTRIBUTABLE TO EQUITY	10	4.63	10.49	(57.70)	20.50
HOLDERS OF THE PARENT (in AED)
		═══════	═══════	═══════	═══════

The accompanying notes from pages 8 to 24 form an integral part of this condensed consolidated interim financial information.

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