From the following information extracted from a reputed commercial bank in KSA p
ID: 2516654 • Letter: F
Question
From the following information extracted from a reputed commercial bank in KSA prepared a classified Balance sheet to find out the retained earnings of the Bank at the end of the financial year:
Description
Amount SAR’000
Cash and due from banks
4,600
Interest-bearing deposits in other banks
332
Funds sold and securities purchased under agreements to resell
1,313
Trading assets
2,800
Securities available for sale
26,500
Loans held for sale
13,000
Loans
115,000
Allowance for loan and lease losses
1,200
Premises and equipment1
1,850
Goodwill
6,830
Other intangible assets
1,120
Customers’ acceptance liability
12
Other assets
7,023
Noninterest-bearing consumer and commercial deposits
26,320
Interest-bearing consumer and commercial deposits
71,200
Brokered deposits
15,600
Foreign deposits
8,800
Funds purchased and securities sold under agreements to repurchase
10,374
Other short-term borrowings
1,930
Long-term debt
20,780
Acceptances outstanding
12
Trading liabilities
1,530
Other liabilities
6,140
Common stock,
370
Additional paid in capital
6,760
Accumulated other comprehensive income
940
Treasury stock, at cost, and other
490
Description
Amount SAR’000
Cash and due from banks
4,600
Interest-bearing deposits in other banks
332
Funds sold and securities purchased under agreements to resell
1,313
Trading assets
2,800
Securities available for sale
26,500
Loans held for sale
13,000
Loans
115,000
Allowance for loan and lease losses
1,200
Premises and equipment1
1,850
Goodwill
6,830
Other intangible assets
1,120
Customers’ acceptance liability
12
Other assets
7,023
Noninterest-bearing consumer and commercial deposits
26,320
Interest-bearing consumer and commercial deposits
71,200
Brokered deposits
15,600
Foreign deposits
8,800
Funds purchased and securities sold under agreements to repurchase
10,374
Other short-term borrowings
1,930
Long-term debt
20,780
Acceptances outstanding
12
Trading liabilities
1,530
Other liabilities
6,140
Common stock,
370
Additional paid in capital
6,760
Accumulated other comprehensive income
940
Treasury stock, at cost, and other
490
Explanation / Answer
Liabilities Assets Loans 115,000.00 Cash and Due from banks 4,600.00 Allowance for loan and lease losses 1,200.00 Interest bearing deposit in other banks 332.00 Loans held for sale 13,000.00 Funds sold and securities purchased 1,313.00 Noninterest-bearing consumer 26,320.00 under agreements to sell and commercial deposits Trading Assets 2,800.00 Interest-bearing consumer 71,200.00 Securities available for sale 26,500.00 and commercial deposits Premises And Equipment 1,850.00 Brokered Deposits 15,600.00 Goodwill 6,830.00 Foreign Deposits 8,800.00 Other Intangible assets 1,120.00 Other short term borrowings 1,930.00 Customers acceptance liability 12.00 Long term debt 20,780.00 Other Assets 7,023.00 Accesptnaces outstanding 12.00 Funds Secured and securities sold 10,374.00 Trading liabilities 1,530.00 Treasury Stock at cost 490.00 Other Liabilities 6,140.00 Common Stock 370.00 Additional paid up capital 6,760.00 Accumalated and other income 940.00 Retained Earnings (226,338.00) 63,244.00 63,244.00
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