audited financial statements and other disclosures …
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1,174,945 1,973,662
- -
- - -
- -
2,215,670 1,141,192
119,6459,909,696
94,400
846,828
50,282 555,748
782,774 18,864,842
16,125,643
158,901
303,375
-
814,89317,402,812
390,800 1,172,401
(411,112)309,941
1,462,03018,864,842
879,061 -
121,720
1,000,782
187,434 17,364 40,435
245,233755,549
65,601 292,243 79,272
16,823 453,940
1,209,489
(345,152) 465,372
18,500 405
50,239 24,476
810,167 1,024,007
185,482
185,482 (21,127)
26,572190,927
190,927
4,699,124 591,373
4,107,751 1,332,148
2,775,6032,685,833
89,770
572,372301,940
874,312
194,120
194,120
617,1821,000,000
(382,818)513,316
1,130,498 13,962,683
3.8%8.0%
-4.2%4.4%
10.5%-6.1%8.1%
14.5%-6.4%4.2%4.8%8.5%
35.1%20.0%15.1%
31-Dec-19Audited
AUDITED FINANCIAL STATEMENTS AND OTHER DISCLOSURES AS AT 31ST DEC 2020HEAD OFFICE: P.O Box 26219 GPO 00100 NAIROBI, •• TEL: 2843000
3. OTHER DISCLOSURES
2. STATEMENT OF COMPREHENSIVE INCOME
1. STATEMENT OF FINANCIAL POSITION
A 1 2 3 4 5
6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21
B 22 23 24 25 26 27 28 29 30 31 32 33 34
C 35 36 37 38 39 40 41 42 43 44
ASSETSCash balances ( both local & foreign)Balances due from Central Bank of KenyaKenya Government and other securities held for dealing purposesFinancial Assets at Fair value through Profit and lossInvestment Securitiesa) Held to Maturity; i. Kenya Government securities i. Other securitiesa) Available for sale; i. Kenya Government securities i. Other securitiesDeposits and balances due from local banking institutionsDeposits and balances due from banking institutions abroadTax recoverableFinancing Activities (net) Balances due from Banking instituion in the groupInvestments in associatesInvestments in subsidiary companiesInvestment in joint venturesInvestment propertiesProperty and equipment Prepaid operating rental leasesIntangible assetsDeferred tax assetRetirement benefit assetOther assetsTOTAL ASSETS LIABILITIESBalances due to Central Bank of KenyaCustomer depositsDeposits and balances due to local banking institutions Deposits and balances due to foreign banking institutions Other money market depositsBorrowed fundsBalances due to Banking instituion in the groupTax payableDividends payableDeferred tax liabilityRetirement benefit liabilityOther liabilitiesTOTAL LIABILITIESSHAREHOLDERS' EQUITYPaid up/Assigned capital Share premiumRevaluation reservesRetained earnings/ Accumulated lossesStatutory financing loss reserveOther ReservesProposed dividendsCapital grantsTOTAL SHAREHOLDERS' FUNDSTOTAL LIABILITIES AND SHAREHOLDERS' FUNDS
1
2
3 4
5 6
7 8 9 10 11 12 13
14 15
1.11.21.31.41.5
2.12.22.32.4
4.14.24.34.44.54.6
6.16.26.36.46.56.66.76.8
13.113.213.313.413.5
OPERATING INCOMEFinancing Activities (Deals)Government securities.Deposits and placements with banking institutionsOther related incomeTotal Operating incomeEXPENSES ON DEPOSITSCustomer depositsDeposits and placements from banking institutionsOther related expensesTotal Expenses on DepositsNET OPERATING INCOMENON- OPERATING INCOMEFees and commissions on financing activity'sOther fees and Commissions incomeForeign exchange incomeDividend IncomeOther income.Total Non Operating IncomeTOTAL INCOMEOPERATING EXPENSESFinancing loss provisionStaff costsDirectors' emolumentsRental chargesDepreciation on property and equipmentAmortization chargesOther operating expensesTotal Other Operating ExpensesProfit/(loss) before tax and exceptional itemsExceptional itemsProfit/(loss) before tax Current taxDeferred tax assetProfit / (loss) after tax & exceptional itemsOther Comprehensive IncomeGains/Losses from Translating the F/S of Foreign OperationsFair Value changes in Availabe for sale Financial assetsRevaluation surplus on property,plant & equipmentsShare of other comprehensive income of associatesIncome tax relating to components of other comprehensive incomeOther comprehensive Income for the year net of taxTotal Comprehensive Income for the year
1
2
3
4
5
NON PERFORMING FACILITIESa) Gross Non-Performing Facilitiesb) Less suspended Incomec)Total Non Performing Facilities (a-b)d) Less financing loss provisionse) Net NPLs (c-d)f) Discounted value of securitiesg) Net NPLs exposure (e-f)INSIDER FACILITYa) Directors, shareholders and associatesb) Employeesc) Total Insider FacilityOFF BALANCE SHEET ITEMSa) Letter of Credit, guarantees, acceptancesb) Forward, swaps & Optionsc) Other contigent Liabilitiesd) Total Contigent LiabilitiesCAPITAL STRENGTHa) Core Capitalb) Minimum statutory capitalc) Excess/ deficiency (a-b)d) Supplementary capitale) Total Capital (a+d)f) Total Risk Weighted Assetsg) Core Capital/ Total Deposit Liabilitiesh) Minimum Statutory ratioi) Excess/deficiency (g-h)j) Core Capital/ Total Risk Weighted Assetsk) Minimum statutory ratiol) Excess/deficiency (j-k)m) Total Capital/ Total Risk Weighted assetsn) Minimum statutory ratioo) Excess/deficiency (m-n)
LIQUIDITYa) Liquidity ratiob) Minimum statutory ratioc) Excess/deficiency (a-b)
The Adjusted Capital includes the expected credit loss provisions added back to Capital in line with CBK Guidance Note issued in April 2018 on implementation of IFRS 9.
MESSAGE FROM DIRECTORSThese Financial Statements are extracts from the books of the institution as audited by PricewaterhouseCoopers (PWC) LLP and received an unqualified opinion. The complete set of the audited Statements,Statutory and qualitative disclosures can be accessed on the institution's website www.firstcommunitybank.co.ke or at our Headoffice located at FCB MihrabBuilding, Mezzanine 1, Lenana Road/Ring Road Kilimani,Nairobi .
FCB MIHRAB BUILDING, MEZZANINE 1, LENANA ROAD/RING ROAD KILIMANI, NAIROBI
31-Dec-20Audited
785,393 838,483
- -
- - -
- -
2,248,730 3,260,340
19,33812,618,737
94,400
871,476
53,575 603,341
552,735 21,946,547
18,819,060
218,846
126,433
-
731,412 19,895,752
491,578 1,474,735
(571,959) 656,441
2,050,79521,946,547
900,513 -
114,908
1,015,421
84,143 17,854 28,933
130,930884,491
17,927 284,391 95,010
10,243 407,571
1,292,062
33,090 381,970
1,500 335
58,076 16,062
562,660 1,053,694
238,369
238,369 (100,307)
47,593185,655
185,655
5,257,704 932,370
4,325,334 1,563,532
2,761,8022,785,426
23,624
450,047317,616
767,663
122,105
122,105
836,0491,000,000
(163,951)782,874
1,618,923 17,453,100
4.4%8.0%
-3.6%4.8%
10.5%-5.7%9.3%
14.5%-5.2%4.9%5.3%9.8%
37.2%20.0%17.2%
Abdullatif Essajee Dr. Hussein Hassan : Chief Executive Officer
: Chairman