CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Assets
Cash, balances with Central Banks and due from banks Loans and advances to customers
Securities
Property and equipment Other assets Intangible assets
Assets of disposal group classified as held for sale and discontinuing operations
Total assets
Liabilities
Customer deposits and other borrowed funds Other liabilities
Debt securities in issue
Liabilities of disposal group classified as held for sale and discontinuing operations
Total liabilities
Equity attributable to equity holders of the parent Issued capital and reserves
Retained earnings
Non-controlling interests
Total equity
Total liabilities and equity
Unaudited | Unaudited | Audited |
Jul 31, 2022 | Jul 31, 2021 | Oct 31, 2021 |
3,398,511 | 3,016,477 | 2,702,080 |
6,578,712 | 6,510,594 | 6,388,795 |
2,808,893 | 2,526,319 | 2,550,410 |
189,304 | 190,897 | 189,587 |
268,700 | 213,626 | 323,187 |
44,372 | 44,372 | 44,372 |
13,288,492 | 12,502,285 | 12,198,431 |
307,920 | - | 657,117 |
13,596,412 | 12,502,285 | 12,855,548 |
11,902,002 | 11,219,414 | 10,796,962 |
166,779 | 170,755 | 227,589 |
26,220 | 26,220 | 26,599 |
12,095,001 | 11,416,389 | 11,051,150 |
297,070 | - | 653,183 |
12,392,071 | 11,416,389 | 11,704,333 |
1,090,719 | 1,053,648 | 1,101,880 |
83,000 | 2,524 | 19,936 |
1,173,719 | 1,056,172 | 1,121,816 |
30,622 | 29,724 | 29,399 |
1,204,341 | 1,085,896 | 1,151,215 |
13,596,412 | 12,502,285 | 12,855,548 |
Director | Director |
Unaudited | Unaudited | Audited | |||||||
Quarter ended | Nine months ended | Year ended | |||||||
Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2022 | Jul 31, 2021 | Oct 31, 2021 | |||||
Net income for the period | 39,795 | 37,065 | 124,851 | 90,589 | 125,721 | ||||
Other comprehensive loss | |||||||||
(net of tax) to be reclassified to net | |||||||||
income in subsequent periods | |||||||||
Net (losses)/gains on debt securities | 258 | (23,180) | (6,197) | ||||||
at fair value through OCI | (1,975) | (13,700) | |||||||
Net exchange gains/(losses) on | (1,036) | (177) | (4,632) | ||||||
translation of foreign operations | 537 | (4,130) | |||||||
Other comprehensive income | (1,438) | (778) | (23,357) | (10,829) | (17,830) | ||||
(net of tax) not to be reclassified | |||||||||
to net income in subsequent periods: | |||||||||
Re-measurement gains of retirement | - | - | - | ||||||
benefit obligations | - | 55,900 | |||||||
Other comprehensive (loss)/income | (778) | (23,357) | (10,829) | ||||||
for the period, net of tax | (1,438) | 38,070 | |||||||
Comprehensive income for | 36,287 | 101,494 | 79,760 | ||||||
the period, net of tax | 38,357 | 163,791 | |||||||
Comprehensive income for | |||||||||
the period attributable to: | 38,525 | 36,546 | 105,576 | 79,183 | |||||
Continuing operations | 174,002 | ||||||||
Discontinued operations | - | (481) | (1,848) | (755) | (3,332) | ||||
Discontinuing operations | (168) | 222 | (2,234) | 1,332 | (6,879) | ||||
Comprehensive income for the | 38,357 | 36,287 | 101,494 | 79,760 | 163,791 | ||||
period attributable to: | 37,437 | 35,304 | 99,236 | 77,106 | |||||
Equity holders of the parent | 158,528 | ||||||||
Non-controlling interests | 920 | 983 | 2,258 | 2,654 | 5,263 | ||||
38,357 | 36,287 | 101,494 | 79,760 | 163,791 | |||||
Unaudited | |||||
July 31, 2021 | |||||
RBB | CIB | WM | Admin | Total | |
Nine months ended | 106,636 | 123,095 | 1,187 | 38,217 | 269,135 |
External revenue | |||||
Internal revenue | 5,701 | 6,965 | 14,012 | (26,678) | - |
Net interest income | 112,337 | 130,060 | 15,199 | 11,539 | 269,135 |
Operating income | 49,197 | 48,079 | 33,515 | (711) | 130,080 |
Total revenue | 161,534 | 178,139 | 48,714 | 10,828 | 399,215 |
Depreciation | 5,919 | 1,543 | 1,313 | 20,449 | 29,224 |
Operating expenses | 68,804 | 26,996 | 25,473 | 137,206 | 258,479 |
Indirect expenses | 70,460 | 61,472 | 19,293 | (151,225) | - |
Credit loss expense on financial assets | 7,676 | 7,811 | (257) | 1,107 | 16,337 |
Income before taxation | 8,675 | 80,317 | 2,892 | 3,291 | 95,175 |
Income tax expense | (4,683) | 5,342 | 151 | 4,664 | 5,474 |
Net income for the period from | 13,358 | 74,975 | 2,741 | (1,373) | 89,701 |
continuing operations | |||||
Loss from discontinued operations | (1,783) | (13) | - | 1,041 | (755) |
Income from discontinuing operations | (265) | 1,349 | - | 559 | 1,643 |
Net income for the period | 11,310 | 76,311 | 2,741 | 227 | 90,589 |
Balance as at | |||||
Total assets and liabilities by segment are | |||||
as follows: | 2,619,791 | 3,861,686 | 214,130 | 5,806,678 | 12,502,285 |
Segment assets | |||||
Segment liabilities | 4,401,648 | 4,207,785 | 2,724,282 | 82,674 | 11,416,389 |
Audited | |||||
October 31, 2021 | |||||
RBB | CIB | WM | Admin | Total | |
Year ended | 144,138 | 161,553 | 1,787 | 51,565 | 359,043 |
External revenue | |||||
Internal revenue | 7,604 | 9,635 | 18,459 | (35,698) | - |
Net interest income | 151,742 | 171,188 | 20,246 | 15,867 | 359,043 |
Operating income | 68,803 | 62,388 | 45,756 | (1,754) | 175,193 |
Total revenue | 220,545 | 233,576 | 66,002 | 14,113 | 534,236 |
Depreciation | 7,559 | 2,075 | 1,743 | 25,595 | 36,972 |
Operating expenses | 89,383 | 35,841 | 33,760 | 176,023 | 335,007 |
Indirect expenses | 90,879 | 78,077 | 25,562 | (194,518) | - |
Credit loss expense on financial assets | 1,050 | 14,240 | (202) | 270 | 15,358 |
Income before taxation | 31,674 | 103,343 | 5,139 | 6,743 | 146,899 |
Income tax expense | (3,616) | 8,670 | 163 | 6,271 | 11,488 |
Net income for the year from continuing | 35,290 | 94,673 | 4,976 | 472 | 135,411 |
operations | |||||
Net loss from discontinuing operations | (7,551) | 3,459 | - | (5,598) | (9,690) |
Net income for the year | 27,739 | 98,132 | 4,976 | (5,126) | 125,721 |
Balance as at | |||||
Total assets and liabilities by segment are | |||||
as follows: | |||||
Segment assets | 2,516,932 | 3,815,600 | 233,187 | 5,632,712 | 12,198,431 |
Segment assets of disposal group | |||||
classified as held for sale and | |||||
discontinuing operations | 159,999 | 149,196 | - | 347,922 | 657,117 |
Total segment assets | 2,676,931 | 3,964,796 | 233,187 | 5,980,634 | 12,855,548 |
Segment liabilities | 3,975,536 | 3,944,750 | 2,989,832 | 141,032 | 11,051,150 |
Segment liabilities of disposal group | |||||
classified as held for sale and | |||||
discontinuing operations | 421,627 | 229,846 | - | 1,710 | 653,183 |
Total segment liabilities | 4,397,163 | 4,174,596 | 2,989,832 | 142,742 | 11,704,333 |
Notes:
1. The Group's operations are organized into four segments: Retail and Business Banking ("RBB"), Corporate and Investment Banking ("CIB") and Wealth Management ("WM"), which are supported by the functional units within the Administration ("Admin") segment (which includes Treasury, Finance, Human Resources, Technology & Operations, Risk and Other). RBB, CIB and WM are charged or credited by Treasury with a market-based cost of funds on assets, liabilities and capital, respectively. The offset of these charges or credits are reported in the Treasury function within the Admin segment.
Management monitors the operating results of its business segments separately for the purpose of making decisions about resource allocation and performance assessment. Transfer prices between operating segments are on an arm's length basis in a manner similar to transactions with third parties. We review our transfer pricing methodologies on an ongoing basis to ensure they reflect changing market environments and industry practices. Transactions between the business segments are on normal commercial terms and conditions. Segment assets and liabilities comprise operating assets and liabilities, being the majority of the statement of financial position, but exclude intangible assets. Securities and cash placements are normally held within the Treasury unit within the Admin segment.
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Firstcaribbean International Bank (Trinidad & Tobago) Ltd. published this content on 01 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2022 20:20:09 UTC.