Equity Group Holdings Plc
The Board of Directors of Equity Group Holdings Plc is pleased to announce the unaudited results of the Group for the six months period ended 30 June 2020
Condensed directors’ remuneration report For the 6 months ended 6 months ended Year ended 30.06.2020 30.06.2019 31.12.2019 Unaudited Unaudited Audited Shs’ 000 Shs’ 000 Shs’ 000 Aggregate directors’ emoluments 50,351 100,129 121,968 Condensed consolidated statement of profit or loss For the 6 months ended 6 months ended 12 months ended 30.06.2020 30.06.2019 31.12.2019 Unaudited Unaudited Audited Shs’ millions Shs’ millions Shs’ millions Net interest income 24,635 21,079 44,983 Net fee and commission income 7,005 8,234 17,170 Other income 4,853 6,061 9,078 Fair value loss on loan notes at FVTPL – – (1,000) Provision for impairment losses on loans and advances (7,699) (466) (3,458) Net operating income 28,795 34,908 66,773 Operating expenses (16,817) (17,919) (35,295) Profit before income tax 11,977 16,989 31,478 Income tax expense (2,900) (4,981) (8,917) Profit for the period 9,077 12,008 22,561 Condensed consolidated statement of other comprehensive income For the 6 months ended 6 months ended 12 months ended 30.06.2020 30.06.2019 31.12.2019 Unaudited Unaudited Audited Shs’ millions Shs’ millions Shs’ millions Profit for the period 9,077 12,008 22,561 Other comprehensive income: FVOCI investment securities, net of tax 1,323 3,324 2,630 Exchange differences on translation of foreign operations 1,183 (3) (824) Other comprehensive income for the period 2,506 3,321 1,806 Total comprehensive income for the period, net of tax 11,583 15,329 24,367 Earnings per share (basic and diluted) (Shs) 2.39 3.16 5.93 Condensed consolidated statement of financial position At 30.06.2020 30.06.2019 31.12.2019 Unaudited Unaudited Audited Shs’ millions Shs’ millions Shs’ millions Assets Cash, deposits and balances due from financial institutions 86,578 90,733 86,434 Investment securities 216,386 179,619 172,208 Loans and advances to customers 391,633 320,886 366,440 Other assets 14,755 11,976 12,745 Property and equipment 11,166 10,170 11,031 Right-of-use assets 6,859 8,715 7,342 Intangible assets (including goodwill) 10,643 10,175 10,347 Deferred income tax 8,280 6,080 6,492 Total assets 746,469 638,663 673,682 Liabilities Deposits from customers 543,894 458,595 482,752 Borrowed funds 57,573 55,877 56,714 Other liabilities 13,922 11,934 12,865 Lease liabilities 6,789 8,538 7,496 Total liabilities 623,109 535,923 561,905 Share capital 1,887 1,887 1,887 Share premium 16,063 16,063 16,063 Retained earnings and other reserves 104,298 83,819 92,769 Equity attributable to owners of the company 122,248 101, 769 110,719 Non-controlling interests 1,112 971 1,058 Total equity 123,360 102,740 111,777 Total […]