Development Bank of Ethiopia

Fiscal Year 2013 EC (2021/2022 GC)

Unmodified

Revenue

ETB 5.4B

Net Profit

ETB 3.9B

Total Assets

ETB 123.0B

Total Equity

ETB 32.0B

Key income statement items

Net cash from each activity

Breakdown of total assets

FY 2013 EC

Item	Amount (ETB)
Interest Income and Expense
Interest income calculated using the effective interest method	7,558,236,000
Interest expense calculated using the effective interest method	-2,872,352,000
Net interest income	4,685,884,000
Non-Interest Income
Fee and commission income (net)	256,478,000
Other operating income	462,606,000
Total operating income	5,404,968,000
Impairment
Loan impairment (charge)/reversal	1,263,883,000
Impairment losses on other assets	-206,589,000
Net operating income/(loss)	6,462,262,000
Operating Expenses
Personnel expenses	-1,079,656,000
Depreciation of investment property	-3,000
Amortization of intangible assets	-19,895,000
Depreciation and impairment of property, plant and equipment	-91,340,000
Depreciation of right-of-use assets	-28,974,000
Interest expense on lease liability	-2,098,000
Other operating expenses	-568,827,000
Profit and Tax
Profit/(Loss) before tax	4,671,469,000
Income tax income/(expense)	-808,061,000
Profit/(Loss) after tax	3,863,408,000
Other Comprehensive Income
Remeasurement gain/(loss) on retirement benefits obligations	-70,848,000
Net change in fair value of equity investments measured at FVOCI	7,436,000
Income tax related to the above	19,024,000
Total other comprehensive income/(loss) for the year, net of tax	-44,388,000
Total comprehensive income/(loss) for the year	3,819,019,000

As at end of FY 2013 EC

Item	Amount (ETB)
Assets
Cash and bank balances	13,029,527,000
Loans and advances to customers	50,462,984,000
Financial assets measured at FVOCI	45,867,000
Financial assets measured at amortized cost	44,521,817,000
Deferred day one loss on investment securities	8,817,420,000
Other assets	5,090,395,000
Rights-of-use-assets	62,415,000
Investment property	152,000
Intangible assets	74,865,000
Property, plant and equipment	922,519,000
Total Assets	123,037,961,000
Liabilities
Deposits from customers	746,476,000
Current tax liabilities	987,141,000
Other liabilities	4,779,920,000
Lease liabilities	38,043,000
Debt securities issued	11,026,475,000
Borrowings	73,099,599,000
Retirement benefit obligations	173,775,000
Deferred tax liabilities	187,233,000
Total Liabilities	91,038,663,000
Equity
Capital	28,520,000,000
Legal reserve	1,595,913,000
Accumulated loss	-1,360,174,000
Regulatory credit risk reserve	3,261,572,000
Other reserves	-18,014,000
Total equity attributable to owner of the Bank	31,999,298,000
Total equity	31,999,298,000
Total Equity and Liabilities
Total equity and liabilities	123,037,961,000

FY 2013 EC

Item	Amount (ETB)
Operating Activities
Cash generated from operations	-1,368,774,000
Income tax paid	-406,601,000
Interest payment on tax	-60,476,000
Retirement benefit paid	-9,085,000
Net cash (outflow)/inflow from operating activities	-1,844,936,000
Investing Activities
Purchase of property, plant and equipment	-86,645,000
Net cash (outflow)/inflow from investing activities	-86,645,000
Financing Activities
Proceeds from issue of debt securities	1,763,467,000
Repayment of debt securities	-172,465,000
Proceeds from borrowings	3,950,553,000
Repayment of borrowings	-4,273,543,000
Repayment of principal portion of lease payments	-14,570,000
Net cash (outflow)/inflow from financing activities	1,253,442,000
Net Change in Cash	-678,139,000
Closing Cash & Equivalents	13,030,176,000

Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.