Development Bank of Ethiopia
Fiscal Year 2011 EC (2019/2020 GC)
Revenue
ETB 4.0B
Net Loss
ETB -1.7B
Total Assets
ETB 83.4B
Total Equity
ETB 5.7B
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 2011 EC
| Item | Amount (ETB) |
|---|---|
| Interest Income and Expense | |
| Interest Income (Effective Interest Method) | 5,761,780,000 |
| Interest Expense (Effective Interest Method) | -2,390,326,000 |
| Net Interest Income | 3,371,454,000 |
| Non-Interest Income | |
| Fee and Commission Income (Net) | 338,343,000 |
| Other Operating Income | 282,842,000 |
| Total Operating Income | 3,992,639,000 |
| Impairment Charges | |
| Loan Impairment Charge | -4,187,688,000 |
| Impairment Reversal/(Losses) on Other Assets | -408,110,000 |
| Net Operating Income/(Loss) | -603,159,000 |
| Operating Expenses | |
| Personnel Expenses | -492,705,000 |
| Depreciation of Investment Property | -3,906,000 |
| Amortization of Intangible Assets | -6,318,000 |
| Other Operating Expenses | -72,491,000 |
| Other Operating Expenses | -312,282,000 |
| Loss before Tax | -1,490,861,000 |
| Tax and Profit | |
| Income Tax Expense | -181,279,000 |
| Loss for the Year | -1,672,140,000 |
| Other Comprehensive Income | |
| Remeasurement Gain/(Loss) on Retirement Benefits | -7,912,000 |
| Equity Investments at FVOCI - Net Change in Fair Value | 16,138,000 |
| Deferred Tax on Remeasurement and Fair Value Changes | -2,468,000 |
| Total Other Comprehensive Income/(Loss), Net of Tax | 5,758,000 |
| Total Comprehensive Loss for the Year | -1,666,382,000 |
Statement of Financial Position
As at end of FY 2011 EC
| Item | Amount (ETB) |
|---|---|
| Assets | |
| Cash and Bank Balances | 7,595,676,000 |
| Loans and Advances to Customers | 40,248,990,000 |
| Financial Assets Measured at FVOCI | 25,390,000 |
| Financial Assets Measured at Amortized Cost | 31,038,403,000 |
| Investment in Subsidiary | 9,999,000 |
| Other Assets | 3,370,382,000 |
| Investment Property | 219,082,000 |
| Intangible Assets | 77,484,000 |
| Property, Plant and Equipment | 814,175,000 |
| Total Assets | 83,399,581,000 |
| Liabilities | |
| Deposits from Customers | 800,683,000 |
| Current Tax Liabilities | 106,236,000 |
| Other Liabilities | 4,363,118,000 |
| Debt Securities Issued | 9,800,005,000 |
| Borrowings | 62,315,634,000 |
| Retirement Benefit Obligations | 47,696,000 |
| Deferred Tax Liabilities | 240,050,000 |
| Total Liabilities | 77,673,422,000 |
| Equity | |
| Capital | 7,500,000,000 |
| Legal Reserve | 176,527,000 |
| Retained Earnings | -4,434,682,000 |
| Regulatory Credit Risk Reserve | 2,488,509,000 |
| Other Reserve | -4,195,000 |
| Total Equity | 5,726,159,000 |
| Total Equity and Liabilities | |
| Total Equity and Liabilities | 83,399,581,000 |
Cash Flow Statement
FY 2011 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Cash Generated from Operations | -6,136,893,000 |
| Income Tax Paid | -300,763,000 |
| Net Cash (Outflow)/Inflow from Operating Activities | -6,437,657,000 |
| Investing Activities | |
| Purchase of Investment Property | -7,711,000 |
| Purchase of Intangible Assets | -48,163,000 |
| Proceeds from Sale of Property, Plant and Equipment | 1,266,000 |
| Purchase of Property, Plant and Equipment | -205,892,000 |
| Net Cash (Outflow)/Inflow from Investing Activities | -260,500,000 |
| Financing Activities | |
| Proceeds from Issue of Debt Securities | 1,617,465,000 |
| Repayment of Debt Securities | -2,313,469,000 |
| Proceeds from Borrowings | 9,249,469,000 |
| Accrued Effective Interest and Rate Fluctuation | 1,819,164,000 |
| Repayment of Borrowings | -3,294,359,000 |
| Net Cash (Outflow)/Inflow from Financing Activities | 7,078,271,000 |
| Net Change in Cash | 380,115,000 |
| Closing Cash & Equivalents | 7,596,055,000 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.