CONSOLIDATED FINANCIAL STATEMENTS
BANKING UNION FOR COMMERCE AND INDUSTRY
-UBCI-
Headquarters: 139 Liberty Avenue – Tunis
Union Bancaire pour le commerce et l’Industrie -UBCI- publishes below its consolidated financial statements as of December 31, 2021 as they will be submitted for approval to the ordinary general meeting to be held on April 29, 2022. These statements are accompanied by the report of the Statutory Auditors Mr Mourad GUELLATY and Mr Wael KETATA.
BADVERTISEMENT VSSURSOLID ARETRIEVE AT 31 DECEMBER 2021
(IN THOUSANDS OF DINARS)
Remarks
ASSETS
Cash and assets with the BCT, CCP, and TGT Claims on banking and financial institutions Receivables from customers
Commercial securities portfolio Investment portfolio Fixed assets Deferred tax assets Other assets
31/12/2021
31/12/2020
C.1
327 304
270,050
C.2
411 267
224 225
C.3
2,542,620
C.5
528 102
363 424
C.6
42 114
35,626
C.7
6,172
15,300
C.8
132,997
112,408
TOTAL ASSETS
LIABILITIES
Deposits and assets of banking and financial establishments Deposits and assets of customers
Loans and Special Resources Other Liabilities
3,490,424
C.9
124,017
51,451
C.10
3 076418
2,629,166
C.11
93,353
172 172
C.12
237,040
185 166
TOTAL LIABILITIES
3,037,955
Minority interests in the result Minority interests in the reserves
266
319
2,992
100,008
100,008
327,090
306,662
30,510
42,459
TOTAL GROUP EQUITY
C.13
457 608TOTAL LIABILITIES, MINORITY INTERESTS AND CONSOLIDATED EQUITY
:
The figures for the 2020 financial year have been restated for the purposes of comparability (See note A.2.9 on restatements and reclassifications).E STATEMENT OF CONSOLIDATED OFF-BALANCE SHEET COMMITMENTS A RETRIEVE AT
31
DECEMBER
2021
(IN THOUSANDS OF DINARS)
Remarks
CONTINGENT LIABILITIES
Sureties, endorsements and other guarantees given Documentary credits 31/12/2021
31/12/2020
994 277 294 218 –
1,288,495
C.14
Assets pledged TOTAL CONTINGENT LIABILITIES
COMMITMENTS GIVEN
Financing commitments in favor of customers Commitments on securities
(Participations not paid up)
TOTAL COMMITMENTS GIVEN
COMMITMENTS RECEIVED
Guarantees received TOTAL COMMITMENTS RECEIVED
C.15
1,049,564 289,558 –
1,339,122 C.17
C.18189 468 8
189,476E CONSOLIDATED STATEMENT OF INCOMEP PERIOD FROM 1 IS JANUARY TO
31
DECEMBER
2021
(IN THOUSANDS OF DINARS)
Remarks
Banking products
Interest and similar income Commissions (in income)
Gains on commercial securities portfolio and financial transactions Income from the investment portfolio
Total banking income Banking expenses
Interest incurred and similar charges Commissions incurred
Losses on commercial securities portfolio and financial transactions
Total banking operating expenses
NET BANKING INCOME
Allocations to provisions and result of value adjustments on receivables, off balance sheet and provisions for liabilities
Year ended Year ended 12/31/2021 12/31/2020
C.20
239,024
C.21
61,886
C.22
29,894
C.23
27,718
358,522
C.24
(87,194) (6,838)
(50)
237,964
56,449
25 203
24,855
344 471 (93,490) (7,344) (121)
(100,955) 264,440
(8,493)
-
243,516 (14,395)
Allocations to provisions and results of value adjustments on the investment portfolio
C.27
(134,585) (98,766)
General charges of exploitation
Allocations to depreciation and provisions on fixed assets
OPERATING RESULT
Balance in gain / loss from other ordinary items Income taxes RESULT OF ORDINARY ACTIVITIES
Balance of gain/loss from other extraordinary items Minority interests CONSOLIDATED NET INCOME FOR THE YEAR
Effects of accounting changes
NET INCOME FOR THE YEAR AFTER ACCOUNTING CHANGES CONSOLIDATED EARNINGS PER SHARE
(60,789) (7,668) 59,958 (357) (24,091) 35,510 (4,735) (266)
30,510
–
30,510 1,525 (45,848) C.29 (8,557) 81,977
554 (28,594) 53,937 (11,159) (319)
42,459– 42,459 2,123E CONSOLIDATED CASH FLOW STATEMENTP PERIOD FROM 1 IS JANUARY TO
31
DECEMBER
2021
(IN THOUSANDS OF DINARS)
Remarks
Year ended Year ended
31/12/2021
31/12/2020 Banking operating income received Banking operating expenses disbursed
OPERATING ACTIVITIES
Loans and advances / Repayment of loans and advances granted to financial institutions
Deposits / Withdrawals deposits from other banking and financial institutions
Loans and advances / Reimbursement of loans and advances granted to customers
Deposits / Withdrawals deposits with customers Amounts paid to staff and sundry creditors Other operating cash flows
Society taxes
311,580 (102,408)
11,413
(13,782)
(38)
(68)
(89,582)
79,623
449 504
193,070
(163,840)
(148,935) 7,971 2,312
(25,175)
(53,164)
Operating cash flow from non-banking activities
Cash flows allocated to from
operating activities
INVESTMENT ACTIVITIES
Income received from the investment portfolio Acquisitions / Disposals of the investment portfolio Acquisitions and disposals of fixed assets
Cash flows used in investing activities FUNDING ACTIVITIES
Issue/Redemption of shares
Increase / decrease in special resources Dividends paid
Cash received from contributions restricted for the acquisition of fixed assets
Cash flow from (used in)
fundraising activities
Net change in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at year-end
(1,211) 30,847 (163,668) (14,148)
(146,969)
18,154 46,961 (182)
64,933
124 (100,159) (10) (78,831) (21,442)
(134) (87,240) (1,691) (4,907) C.31
(93,972)
