DIAMOND BANK PLC

Statement of Comprehensive Income for the period ended

September 30, 2012
Note
Interest and similar income
Dividend Income

Interest and similar Expense

Net interest income

Impairment charge for credit losses

Net interest income after impairment charge for credit losses
Fee and Commission income
Fee and Commission Expense
Net Fee and Commission Income

Net gains / (losses) from financial instruments at fair value

Foreign exchange income
Other operating income
Operating Income
Personnel Expenses
General and Administrative Expenses
Depreciation & Amortization
Other Operating Expenses
Total Operating expenses
Operating profit
Share of profit / (loss) of associates

Profit /(Loss) from discontinued Operations

Other comprehensive income:

Foreign currency translation differences
Revaluation of financial instruments
Tax effect of revaluation of financial instruments
Other comprehensive income for the year, net of tax
Total Comprehensive Income for the year
Profit attributable to:
Equity Owners of the parent
Non-controlling interests

Total comprehensive income attributable to:

Equity Owners of the parent
Non-controlling interests

Earnings per share for profit attributable to owners

Basic (k)
Diluted (k)

GROUP
30 Sep. 2011
N'000

31 Dec. 2011
N'000

30 Sep. 2012
N'000

BANK
30 Sep. 2011
N'000

31 Dec. 2011
N'000

88,286,347
138,344
88,424,691
(16,037,847)
72,386,844

59,832,832
870,760
60,703,592
(8,543,258)
52,160,334

77,686,567
515,115
78,201,682
(12,502,541)
65,699,141

83,696,745
138,344
83,835,089
(14,123,422)
69,711,667

56,705,947
401,907
57,107,854
(7,168,832)
49,939,022

73,286,168
51,462
73,337,630
(10,685,517)
62,652,113

(23,425,141)

(26,400,460)

(37,393,523)

(23,174,185)

(26,408,523)

(38,970,925)

48,961,703

25,759,874

28,305,618

46,537,482

23,530,499

23,681,188

17,020,913
(460,149)
16,560,764

12,299,085
(256,429)
12,042,656

16,647,231
(360,675)
16,286,556

15,335,578
(460,148)
14,875,430

11,266,888
(247,537)
11,019,351

15,282,751
(348,223)
14,934,528

2,220,251
2,442,722
(160,110)

(5,598,008)
1,643,995
(60,605)

(1,263,879)
2,020,274
799,447

2,220,250
2,285,480
(160,110)

(5,598,980)
1,564,879
(120,991)

(1,330,067)
2,006,686
111,693

70,025,330

33,787,912

46,148,016

65,758,532

30,394,758

39,404,028

(15,628,670)
(11,568,982)
(4,075,023)
(15,545,798)
(46,818,473)

(12,582,611)
(12,321,608)
(4,116,404)
(11,695,339)
(40,715,962)

(16,924,297)
(19,955,033)
(5,367,202)
(13,516,123)
(55,762,655)

(14,354,061)
(11,568,982)
(3,306,460)
(13,681,773)
(42,911,276)

(11,438,650)
(12,321,608)
(3,344,374)
(9,311,210)
(36,415,842)

(15,194,393)
(19,955,033)
(4,669,927)
(10,715,412)
(50,534,765)

23,206,857

(6,928,050)

(9,614,639)

22,847,256

(6,021,084)

(11,130,737)

8,766

Profit before tax

Income tax expense
Profit for the Year from Continuing Operation

Profit For The Year

30 Sep. 2012
N'000

23,215,623
(5,045,473)
18,170,150
18,170,150

3,967
(6,924,083)
823,198
(6,100,885)
-

5,288
(9,609,351)
3,067,224
(6,542,127)
22,802

(6,100,885)

(6,519,325)

(427,357)
837,896
(251,369)

(223,529)
(184,244)
55,273

(62,720)
58,473
(17,542)

159,170

(352,500)

18,329,320

8,766
22,856,022
(4,921,285)
17,934,737
-

5,288
(11,125,449)
3,886,992
(7,238,457)
(11,887,341)

(4,934,989)

(19,125,798)

837,896
(251,369)

(34,324)
10,297

58,473
(17,542)

(21,789)

586,527

(24,027)

(6,453,385)

(6,541,114)

18,521,264

(4,959,016)

(19,084,867)

18,161,421
8,729
18,170,150

(6,104,344)
3,459
(6,100,885)

(6,530,706)
11,381
(6,519,325)

17,934,737

(4,934,989)

(19,125,798)

18,329,327
(7)
18,329,320

(6,442,566)
(10,819)
(6,453,385)

(6,550,657)
9,543
(6,541,114)

18,521,264

(4,959,016)

(19,084,867)

(42.15)
(42.15)

(45.04)
(45.04)

123.90
123.90

(34.09)
(34.09)

(132.14)
(132.14)

125.53
125.53

17,934,737

3,967
(6,017,117)
1,082,128
(4,934,989)

40,931

DIAMOND BANK PLC

Statement of Financial Position as at
September 30, 2012
Note
Assets
Cash and balances with central banks
Loans and advances to banks
Loans and advances to customers
Investments Securities
Interest in associates and Joint Venture Operations
Investment in Subsidiaries
Pledged assets
Investment Property
Property, plant and equipment
Intangible assets
Deferred tax asset
Other assets

6
7
8
9
10
11

12
13
14

Assets classified as Held for Sale and Discontinued Operations

Total assets

GROUP
30 Sep. 2012
31 Dec. 2011
N'000
N'000

BANK
30 Sep. 2012
N'000

31 Dec. 2011
N'000

96,101,394
114,993,980
539,596,904
139,453,800
2,100,619
57,642,867
4,058,714
42,664,346
642,661
14,131,415
16,779,797
1,028,166,497
450,000
1,028,616,497

55,789,764
90,642,326
391,964,296
182,769,472
3,388,758
13,520,000
3,833,335
38,613,848
819,076
10,844,963
10,472,216
802,658,054
10,000
802,668,054

76,380,365
97,019,452
489,032,000
117,051,552
2,100,619
7,865,622
57,642,867
3,911,714
39,411,184
524,872
14,011,298
13,395,873
918,347,418
450,000
918,797,418

54,402,209
72,093,161
347,253,164
164,268,751
3,388,758
7,865,622
13,520,000
3,686,335
35,226,207
624,139
10,819,970
6,338,067
719,486,383
10,000
719,496,383

10,958,251
776,775,166
51,925,316
4,193,907
1,127,648
50,198,901
26,743,509
921,922,698
921,922,698

20,982,788
603,021,743
54,877,883
1,346,904
506,649
29,628,078
710,364,045
710,364,045

6,160,460
695,406,422
51,925,316
3,975,963
877,582
30,144,906
26,743,509
815,234,158
815,234,158

3,939,956
545,179,659
54,877,883
1,249,616
506,649
24,680,410
630,434,173
630,434,173

Liabilities
Deposits from banks
Deposits from customers
Borrowings
Current income tax liabilities
Deferred income tax liability
Other liabilities
Long Term Debt

15
16
17

18

Liabilities included in Assets Held for Sale and Discontinued Operation

Total liabilities
Equity
Share capital
Share premium
Retained earnings
Other reserves
Statutory reserve
SMEIS reserve
Revaluation reserve
Foreign currency translation reserve
Non-controlling interest
Total equity
Total equity and liabilities

19
20

7,237,622
89,629,324
(5,154,965)
14,789,387
11,369,161
2,812,957
817,532
(210,263)
192,431

7,237,622
89,629,324
(20,395,058)
15,652,676
11,394,523
2,812,957
1,201,222
243,974
179,445

7,237,622
89,629,324
(6,368,303)
13,064,617
11,189,501
2,812,957
(937,841)
-

7,237,622
89,629,324
(23,008,417)
15,203,681
11,189,502
2,812,957
1,201,222
-

106,693,799

92,304,009

103,563,260

89,062,210

1,028,616,497

802,668,054

918,797,418

719,496,383

DIAMOND BANK PLC

Summarized Consolidated Statement of Cashflows for the period ended
30, September 2012
GROUP
30 Sep. 2012
31 Dec. 2011
N'000
N'000
Net cash generated from operating activities

BANK
30 Sep. 2012
N'000

31 Dec. 2011
N'000

43,497,504

92,804,086

30,737,928

77,656,350

(10,746,785)
(37,838,970)
(225,379)
-

(8,955,654)
(37,631,630)
(225,379)
-

(40,326,944)
(36,325)
(2,730,602)

(7,848,262)
575,290
(56,084,106)

(125,775,611)
(309,401)
300,000
(10,157,624)
87,032
4,417,149
(131,438,455)

(6,540,218)
479,408
(52,873,473)

(6,975,228)
112,538
8,332,022
(41,624,539)

Financing Activities
Dividend paid
Proceeds from new borrowings
Repayment of borrowings
Proceeds from long term borrowing (Tier 2 Capital)
Net Cash From Financing Activities

(1,635)
6,723,990
(2,915,441)
26,743,509
30,550,423

(2,180,041)
34,040,130
(7,480,384)
24,379,705

(1,635)
6,723,990
(2,915,441)
26,743,509
30,550,423

(2,171,288)
34,040,130
(7,480,384)
24,388,458

Increase In Cash and Cash Equivalents

17,963,821

(14,254,664)

8,414,878

60,420,269

128,305,957
(595,622)
145,674,156
17,963,821

142,347,487
213,134
128,305,957
(14,254,664)

179,480,606
187,895,484
8,414,878

119,060,337
179,480,606
60,420,269

Investing Activities
Net sale/(purchase) of investment securities
Purchase of held To maturity investments
Additions to investment property
Additional investment in subsidiaries
Proceed from sale of investment property
Purchase of fixed and intangible assets
Proceed from sale of fixed and intangible assets
Proceed from sale of subsidiaries
Net Cash From Investing Activities

Analysis of Changes In Cash and Cash Equivalents

Balance as at beginning of period
Exchange gains/losses on cash & cash equivalents
Balance as at end of period
Increase In Cash and Cash Equivalents

NOTES TO THE FINANCIAL STATEMENT

30 Sep. 2012
N'000
1. Interest income
Placements and short-term funds
Treasury bills and investment securities
Loans and advances
Advances under finance leases

2. Interest expense
Inter-bank takings
Current accounts
Time deposits
Savings deposits
Credit related borrowings
Tier 2 Capital

3.

GROUP
30 Sep. 2011
N'000

31 Dec. 2011
N'000

BANK
30 Sep. 2011
N'000

30 Sep. 2012
N'000

31 Dec. 2011
N'000

7,046,144
11,346,063
68,312,884
1,581,256
88,286,347

4,113,807
5,078,067
49,664,209
976,749
59,832,832

5,084,346
9,142,379
62,041,517
1,418,325
77,686,567

6,610,234
11,185,194
64,320,061
1,581,256
83,696,745

3,947,902
5,044,729
46,736,567
976,749
56,705,947

4,768,243
7,819,586
59,287,462
1,410,877
73,286,168

286,091
1,014,016
8,338,356
3,824,603
2,295,754
279,027
16,037,847

10,309
396,492
3,788,649
2,362,100
1,985,708
8,543,258

670,525
694,223
6,607,582
3,575,387
954,824
12,502,541

230,635
1,014,016
8,165,746
3,824,602
609,396
279,027
14,123,422

10,309
396,492
3,759,714
2,362,102
640,215
7,168,832

120,963
539,753
5,673,784
3,396,193
954,824
10,685,517

4,198,697
1,684,203
11,138,013
17,020,913

2,960,818
826,667
8,511,600
12,299,085

3,960,910
1,359,660
17,313
11,309,348
16,647,231

3,499,654
1,684,203
10,151,721
15,335,578

2,823,059
826,667
7,617,162
11,266,888

3,966,417
1,253,722
10,062,612
15,282,751

3,067,224

4,921,285

(1,082,128)

3,886,992

Fee and commission income

Commission on turnover
Letters of credit commission
Corporate finance fees
Other fees and commissions

4. Taxation
Provision for income tax

5. Profit/(Loss) from discounted operations

Profit/(loss) on disposal of subsidiaries
Write down/losses on restructuring of subsidiaries
Net restructuring expenses

5,045,473

(823,198)

GROUP
30 Sep. 2012
31 Dec. 2011
N'000
N'000
6. Cash and balances with central banks
Cash
Operating accounts with central banks
Included in cash and cash equivalents
Mandatory reserve deposits with central banks

7. Loans and Advances to Banks

Current balances with banks within Nigeria
Current balances with banks outside Nigeria
Placements with banks and discount houses
OBB Placement

8. Loans and advances to Customers

Overdrafts
Term loans
Commercial papers
Advances under Finance Lease
Staff Loans
Loan loss provision

Provision for losses

The charge for the period is analysed as follows:
Loans and advances
Advances under finance lease
Other facilities
Direct write-offs
Recovery on previously written-off accounts
Other assets

9. Investments
Debt securities - at cost
Treasury Bills
Federal Government Bonds
AMCON Bond

Equity Securites - at cost

Listed
Unlisted
Impairment Allowance Account

328,132
(305,330)
22,802

BANK

30 Sep. 2012
N'000

31 Dec. 2011
N'000

23,525,794
7,154,382
30,680,176
65,421,218
96,101,394

11,878,439
11,531,624
23,410,063
32,379,701
55,789,764

7,773,457
5,320,631
13,094,088
63,286,277
76,380,365

10,490,884
11,531,624
22,022,508
32,379,701
54,402,209

250,066
67,428,189
46,726,125
589,600
114,993,980

57,816,542
32,825,784
90,642,326

56,154,166
40,865,286
97,019,452

46,935,227
25,157,934
72,093,161

110,912,110
452,177,323
11,153,118
3,838,521
578,081,072
(38,484,168)
539,596,904

97,002,754
303,669,261
1,288,493
9,476,675
6,051,332
417,488,515
(25,524,219)
391,964,296

106,754,203
403,924,725
11,118,998
3,838,521
525,636,447
(36,604,447)
489,032,000

91,513,510
265,979,980
9,476,675
6,051,332
373,021,497
(25,768,333)
347,253,164

24,203,693
(109,862)
371,317
163,790
(1,203,797)
23,425,141

32,959,558
94,767
492,043
4,177,005
(1,414,013)
1,084,163
37,393,523

23,952,736
(109,862)
371,317
163,790
(1,203,796)
23,174,185

34,580,733
94,767
492,043
4,177,005
(1,414,013)
1,040,390
38,970,925

48,475,137
36,321,729
42,524,411
127,321,277

4,861,944
16,738,567
21,600,511
(9,467,988)
12,132,523

81,068,452
43,201,776
38,079,488
162,349,716

11,728,837
15,446,321
27,175,158
(6,755,402)
20,419,756

39,685,085
25,395,357
41,640,011
106,720,453

4,861,944
16,698,327
21,560,271
(11,229,172)
10,331,099

71,863,123
33,929,477
38,079,488
143,872,088

11,728,837
15,405,275
27,134,112
(6,737,449)
20,396,663

Total Investment Securities

139,453,800

182,769,472

117,051,552

164,268,751

Financial Instruments Available for Sale

Financial Instruments Held for Trading
Financial Instruments Held to Maturity

36,018,126
51,153,117
52,282,557
139,453,800

10,521,079
1,207,758
171,040,635
182,769,472

14,817,711
51,153,117
51,080,724
117,051,552

10,521,079
1,207,758
152,539,914
164,268,751

(2,972,739)
(8,609,272)
(305,330)
(11,887,341)

GROUP
30 Sep. 2012
31 Dec. 2011
N'000
N'000
10. Investment in subsidiaries
Diamond Bank WAMU Zone (DBB) 97.07%
Diamond Pension Fund Custodian Limited (DPFC) 100%

BANK
30 Sep. 2012
N'000

31 Dec. 2011
N'000

5,865,622
2,000,000
7,865,622

5,865,622
2,000,000
7,865,622

31,372,867
26,270,000
57,642,867

13,520,000
13,520,000

11. Pledged Assets

Treasury Bills
Bonds

12. Intangible assets

Computer software
Cost
At start of period
Additions
Disposals
On disposal of subsidiaries
Exchange difference
Accumulated amortisation
At start of period
Charge for the period
Disposals
On disposal of subsidiaries
Exchange difference

Net book value

13. Deferred tax
The balance sheet amounts comprise:
Deferred tax assets
Deferred tax liabilities
Net deferred tax asset/(liability)

14. Other assets

Prepayments
Accrued interest and fees receivable
Accounts receivable
Others
Provision for doubtful receivables

15. Deposit from banks

Items in course of collection
Overnight borrowing
Current balances with banks

16. Customer deposits

Demand
Time
Savings

17. Borrowings
Local banks
Foreign banks

18. Other liabilities

Customers' deposit for letters of credit
Accounts payable
Accrued expenses
Other

31,372,867
26,270,000
57,642,867

13,520,000
13,520,000

2,671,467
77,466
(15,315)
2,733,618

1,883,940
555,752
(44,781)
(160,230)
436,786
2,671,467

2,214,338
73,551
2,287,889

1,883,940
353,158
(22,760)
2,214,338

1,852,391
252,536
(13,970)
2,090,957

1,287,915
431,376
(22,760)
(109,630)
265,490
1,852,391

1,590,199
172,818
1,763,017

1,287,915
325,044
(22,760)
1,590,199

642,661

819,076

524,872

624,139

14,131,415
(1,127,647)
13,003,768

10,844,963
(506,649)
10,338,314

14,011,298
(877,582)
13,133,716

10,819,970
(506,649)
10,313,321

10,865,910
4,928,892
1,444,201
17,239,003
(459,206)
16,779,797

8,275,282
40,868
3,867,014
12,183,164
(1,710,948)
10,472,216

8,794,834
4,831,306
228,939
13,855,079
(459,206)
13,395,873

5,910,355
9,780
2,120,177
8,040,312
(1,702,245)
6,338,067

6,167,300
884,401
3,906,550
10,958,251

4,468,893
16,513,895
20,982,788

6,160,460
6,160,460

3,939,956
3,939,956

493,603,072
141,949,386
141,222,708
776,775,166

344,615,031
133,403,725
125,002,987
603,021,743

449,808,850
112,419,704
133,177,868
695,406,422

314,837,917
112,406,671
117,935,071
545,179,659

41,409,866
10,515,450
51,925,316

42,072,399
12,805,484
54,877,883

41,409,866
10,515,450
51,925,316

42,072,399
12,805,484
54,877,883

9,626,727
2,489,696
6,651,078
31,431,400
50,198,901

15,055,283
2,574,753
4,109,909
7,888,133
29,628,078

9,626,727
1,398,600
4,666,517
14,453,062
30,144,906

12,747,735
1,604,086
3,339,724
6,988,865
24,680,410

10,000,000

10,000,000

10,000,000

10,000,000

7,237,622

7,237,622

7,237,622

7,237,622

89,629,324

89,629,324

89,629,324

89,629,324

19. Share capital

Ordinary shares
i.
Authorised:
20 billion ordinary shares of 50k each
ii.
Issued and fully paid :
Beginning and end of period
14,475,243,000 ordinary shares of 50k each
20. Share premium
Beginning and end of period