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Investment Bank of Iraq
Balance Sheet As On 31/12/2007
(Figures are in Billion of Iraqi Dinars)
Assets:
Circulating Assets:
A/C No. |
|
Amount 2007 |
Amount 2006 |
18 |
Cash (in safe and in banks) | 99.664 |
114,944 |
15 |
Investments |
1.303 |
1.810 |
Total |
100.967 |
116.754 |
|
14 |
Cash Credit Facilities |
||
144 |
Commercial Bills Discounts & Bought |
1.499 |
2.890 |
14 |
Loans & Advances |
22.868 |
42.637 |
Total |
24.368 |
45.527 |
|
16 |
Debtors |
1.255
| 0.064 |
Total Circulating assets |
126.591 |
162.346 |
|
11 |
Fixed Assets (rolling at books value) |
1.713 |
2.171 |
118 |
Expenditures for deferred revenues |
0.759 |
1.129 |
12 |
projects under construction |
2.048 |
2.083 |
Total Fixed Assets |
4.521 |
5.384 |
|
Total Assets |
131.112 |
167.731 |
|
19 |
Contra Accounts |
||
192/292 |
Customers obligators against banking operations |
28.157 |
33.364
|
293/193 |
Customers obligators against Outward documentary credits |
||
159.269 |
201.095 |
||
Liabilities Circulating Liabilities |
|||
25 |
Current accounts and deposits |
76.236 |
119.522 |
26 |
Creditors |
15.925 |
17.024 |
Total circulating liabilities |
92.162 |
136.546 |
|
Fixed Liabilities |
|||
211 |
Paid up capital |
29.750 |
29.750 |
212 |
Reserves |
9.200 |
1.434 |
Total fixed liabilities |
38.950 |
31.184 |
|
Total liabilities |
131.112 |
167.731 |
|
29 |
Contra Accounts |
||
192/ 292 |
Bank Obligations against banking operation |
28.157
|
33.364 |
193/293 |
Bank obligations against documentary credits |
||
159.269 |
201.095 |
Investment Bank of Iraq
Profits & Losses Account For the year
Ending on 31/12/2007
A/C No. |
Revenue of current Activity |
Amount 2007 |
Amount 2006 |
44 |
Revenue of Banking of Operations |
7.923 |
10.049 |
46 |
Revenue of Investments |
11.166 |
3.401 |
Total |
19.089 |
13.451 |
|
| Deduct Expenditures Of current Activity | |||
34 |
Expenditures of Banking activity |
3.981 |
2.257 |
37 |
Consumption & Redemption |
0.843 |
0.861 |
31-32 |
Administration Expenses |
2.780 |
1.960 |
Total |
7.604 |
5.078 |
|
16 |
Surplus of Banking operation |
11.484
|
8.372 |
43-49 |
Total Circulating assets |
0.016 |
0.022 |
Less Deduct Transferred Expenditure & other
A/C No. |
|
Amount 2007 |
Amount 2006 |
38-39 |
Transferred Expenditure And others |
1. 820 |
7.897 |
Surplus distributed on |
9.680 |
0.497 |
|
| Legal Reserve as per central Bank of Iraq | 0.405 |
0.024 |
|
| Deduct Expenditures Of current Activity | |||
Profits Ready for Distribution |
7.703 |
------ |
|
Income Tax |
1.571 |
0.473 |
|
| Total | 9.680 |
0.497 |
Executive Manager General Manager Chairman of Board of Directories
May Mohammed Yass Hamza D. Salman Halboon Thamir Rzooki Abdulwahab
Charter Accountant and Auditor
Adil Mohammed Al-Hasoon
