European Regional Development Fund
Mar
2013
€ '000
Year-End
Sep
2013
€ '000
Interim
Mar
2014
€ '000
Year-End
Sep
2014
€ '000
Interim
Mar
2015
€ '000
Year-End
Sep
2015
€ '000
Interim
Mar
2016
€ '000
Year-End
Sep
2017
€ '000
Interim
Assets
Balances with Central Bank of Malta, Treasury Bills and cash 70,055 45,080 18,091 6,664 14,068 33,408 33,280 206,539
Financial investments 1,564,034 1,554,745 1,477,940 1,805,466 1,561,176 1,022,857 872,497 596,084
Derivative assets held for risk management 279 391 404 1,001 3,197 4,265 3,964 615
Derivative assets held for trading - 334 404 0 - - - -
Loans and advances to banks 20,131 115,527 87,714 57,171 174,157 59,091 59,558 111,098
Loans and advances to customers 402,174 386,939 571,144 735,835 978,845 1,204,131 1,238,966 1,556,965
Investment in subsidiaries 65 2 1 - - - - -
Intangible assets 228 196 128 102 60 715 27 580
Property, plant & equipment 2,485 2,175 1,908 1,893 1,363 1,214 923 322
Assets held for sale - - - - - - - 1,785
Income tax receivable - - - - - - 5,633 14,196
Deferred tax assets - 1,100 3,764 7,372 - 9,615 15,000 8,973
Other assets 14,471 18,255 18,889 20,822 20,904 32,287 26,733 24,434
Prepayments & accrued income 27,996 24,948 23,261 32,115 20,675 18,109 17,720 16,500
Total Assets 2,101,918 2,149,692 2,203,648 2,668,441 2,774,445 2,385,692 2,274,301 2,538,091
Equity
Share capital 62,350 83,350 98,050 117,450 117,450 55,738 117,450 55,738
Share premium account 13,464 13,464 13,464 13,464 13,464 13,756 13,464 13,756
Revaluation reserve - - (5,691) (3,879) - - - -
Retained earnings 21,191 11,076 19,496 23,217 7,113 89,784 18,348 110,639
Capital Contribution Reserve - - 9,750 18,640 2,103 28,700 60,803 69,700
Other reserve/s 9,578 (851) 91 851 - - - -
Other equity components 8,500 9,750 - - - (1,076) - -
Reserve for general banking risk - - - - 660 1,502 1,194 1,694
Fair Value reserve - - - - 28,436 (9,289) (7,580) (3,529)
Total Equity 115,083 116,789 135,160 169,743 169,226 179,115 203,679 247,998
Liabilities
Other liabilities 1,100 1,732 1,109 2,543 1,641 5,583 3,235 17,931
Subordinated liabilities 12,341 22,319 22,385 22,628 47,777 47,762 47,380 46,862
Debt securities in issue 15,664 229,891 230,127 230,321 157,137 9,175 - -
Deferred tax liability 5,062 - - - 1,901 138 - -
Amounts owed to banks 1,368,995 1,106,485 1,008,976 1,266,223 1,166,347 712,828 541,925 266,010
Amounts owed to customers 566,047 649,020 776,715 952,743 1,196,752 1,392,945 1,447,355 1,916,255
Tax payable 7,660 6,349 10,794 962 3,968 6,216 69 4,075
Accruals & deferred Income 9,966 13,749 15,409 18,740 24,466 23,220 23,321 31,812
Derivative liabilities held for risk management - 3,358 2,973 4,538 5,230 8,710 7,337 7,148
Total Liabilities 1,986,835 2,032,903 2,068,488 2,498,698 2,605,219 2,206,577 2,070,622 2,290,093
Total Equity and Liabilities 2,101,918 2,149,692 2,203,648 2,668,441 2,774,445 2,385,692 2,274,301 2,538,091
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