Development Bank of Ethiopia
Fiscal Year 2010 EC (2018/2019 GC)
Revenue
ETB 4.7B
Net Loss
ETB -1.9B
Total Assets
ETB 73.2B
Total Equity
ETB 2.6B
Profit Breakdown
Key income statement items
Cash Flow Activities
Net cash from each activity
Asset Composition
Breakdown of total assets
Statement of Profit or Loss and Other Comprehensive Income
FY 2010 EC
| Item | Amount (ETB) |
|---|---|
| Interest Income and Expense | |
| Interest Income | 4,682,203,000 |
| Interest Expense | -1,585,699,000 |
| Net Interest Income | 3,096,504,000 |
| Non-Interest Income | |
| Fee and Commission Income (Net) | 278,323,000 |
| Other Operating Income | 88,510,000 |
| Total Operating Income | 3,463,337,000 |
| Impairment Charges | |
| Loan Impairment Charge | -4,412,448,000 |
| Impairment Reversal/(Losses) on Other Assets | 68,059,000 |
| Net Operating Income/(Loss) | -881,052,000 |
| Operating Expenses | |
| Personnel Expenses | -475,801,000 |
| Depreciation of Investment Property | -8,995,000 |
| Amortization of Intangible Assets | -4,578,000 |
| Depreciation and Impairment of Property, Plant and Equipment | -75,200,000 |
| Other Operating Expenses | -229,590,000 |
| Loss before Tax | -1,675,216,000 |
| Tax and Profit | |
| Income Tax Expense | -202,629,000 |
| Loss for the Year | -1,877,845,000 |
| Other Comprehensive Income | |
| Remeasurement Gain/(Loss) on Retirement Benefits Obligations | -12,285,000 |
| Deferred Tax Expense/(Income) on Remeasurement Gain or Loss | 3,686,000 |
| Total Other Comprehensive Income/(Loss) for the Year, Net of Tax | -8,600,000 |
| Total Comprehensive Loss for the Year | -1,886,444,000 |
Statement of Financial Position
As at end of FY 2010 EC
| Item | Amount (ETB) |
|---|---|
| Assets | |
| Cash and Bank Balances | 6,973,920,000 |
| Loans and Advances to Customers | 29,414,327,000 |
| Investment Securities - Available for Sale | 11,376,000 |
| Investment Securities - Loans and Receivables | 31,624,349,000 |
| Investment in Subsidiary | 9,999,000 |
| Other Assets | 4,092,917,000 |
| Investment Property | 215,278,000 |
| Intangible Assets | 35,639,000 |
| Property, Plant and Equipment | 823,229,000 |
| Total Assets | 73,201,034,000 |
| Liabilities | |
| Deposits from Customers | 1,112,935,000 |
| Debt Securities Issued | 10,496,009,000 |
| Borrowings | 54,541,222,000 |
| Current Tax Liabilities | 276,498,000 |
| Other Liabilities | 3,994,223,000 |
| Retirement Benefit Obligations | 35,631,000 |
| Deferred Tax Liabilities | 187,439,000 |
| Total Liabilities | 70,643,956,000 |
| Equity | |
| Capital | 7,500,000,000 |
| Retained Earnings | -7,231,355,000 |
| Other Reserve | -8,471,000 |
| Regulatory Credit Risk Reserve | 2,120,377,000 |
| Legal Reserve | 176,527,000 |
| Total Equity | 2,557,078,000 |
| Total Equity and Liabilities | |
| Total Equity and Liabilities | 73,201,034,000 |
Cash Flow Statement
FY 2010 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Cash Generated from Operations | -4,137,829,000 |
| Income Tax Paid | 6,568,000 |
| Net Cash (Outflow)/Inflow from Operating Activities | -4,131,261,000 |
| Investing Activities | |
| Purchase of Investment Securities in Equity, Treasury Bills and Bonds | -16,587,405,000 |
| Purchase of Investment in Subsidiary | -9,999,000 |
| Purchase of Investment Property | -129,000 |
| Purchase of Intangible Assets | -17,075,000 |
| Proceeds from Property, Plant and Equipment | 4,076,000 |
| Purchase of Property, Plant and Equipment | -60,482,000 |
| Net Cash (Outflow)/Inflow from Investing Activities | -16,671,014,000 |
| Financing Activities | |
| Proceeds from Issue of Debt Securities | 2,410,895,000 |
| Repayment of Debt Securities | -1,222,230,000 |
| Proceeds from Borrowings | 26,636,355,000 |
| Repayment of Borrowings | -4,486,972,000 |
| State Dividend Paid | -225,955,000 |
| Net Cash (Outflow)/Inflow from Financing Activities | 23,112,093,000 |
| Net Change in Cash | 2,309,818,000 |
| Closing Cash & Equivalents | 6,973,920,000 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.