Mashreq Bank PSC Group

Consolidated Balance Sheets
         
  30/6/2001 31/12/2000 30/6/2000
  (Unaudited) (Audited) (Unaudited)
  AED.000 AED.000 AED.000
       

ASSETS

      
     Cash and deposits with Central Banks 4,861,660 5,684,607 3,351,616
     Deposits and balances due from banks 4,042,545 3,411,686 3,662,324
     Advances to customers less provisions 10,261,248 10,802,538 10,148,969
     Interest receivable and other assets 434,242 387,410 364,150
     Investments 1,725,669 1,547,270 1,291,268
     Fixed assets 227,189 253,618 272,484

TOTAL ASSETS

 21,552,553 22,087,129 19,090,811
       

LIABILITIES

      
     Deposits from customers 15,303,767 16,088,496 14,094,345
     Deposits and balances due to banks 2,578,773 2,455,870 1,563,055
     Long-term loans 69,330 72,495 76,308
     Interest payable and other liabilities 704,497 605,754 696,842
     Insurance and life assurance funds 80,836 73,318 68,960
     Minority interest 79,881 79,671 79,351
     Total Liabilities 18,817,084 19,375,604 16,578,861
       

SHAREHOLDERS' FUNDS

      
     Share capital 715,864 715,864 715,864
     Statutory and legal reserves 361,769 361,769 361,044

General reserve

 312,000 312,000 312,000

Retained earnings

 1,471,786 1,286,228 1,252,322

Cumulative translation adjustment

 (125,950) (121,826)

(129,280)
 

2,735,469

2,554,035

2,511,950

Proposed dividend

 -

157,490

-

Total shareholders' funds

2,735,469

2,711,525

2,511,950
       

TOTAL LIABILITIES & SHAREHOLDERS' EQUITY

 21,552,553 22,087,129 19,090,811
       

CONTRA ACCOUNTS (MEMORANDA)

13,119,697

10,981,712

10,928,754
       

Next (Page 1 of 4)