S T O P A N S K A B A N K A AD – S K O P J E
DECISION
on approval of the Annual Account and Annual Financial Statements of Stopanska Banka
AD - Skopje for the year ended 31 December 2015
Skopje, May 2016
1
On the basis of Articles 26 of the Statute of Stopanska Banka AD-Skopje (A.D.
No 284/28.05.2015, revised text) the Shareholders Assembly of Stopanska Banka ADSkopje on the meeting held on _________05.2016, passed a
DECISION
on approval of the Annual Account and Annual Financial Statements of Stopanska Banka
AD - Skopje for the year ended 31 December 2015
1. The Annual Account and Annual Financial Statements of Stopanska Banka AD
- Skopje for the year 2015, is hereby approved as follows:
- Total assets
- Total liabilities and equity
- Total revenue
- Total expense
- Income
(in thousands of MKD)
84,885,630
84,885,630
5,869,415
3,727,477
2,141,938
2. The structure of total assets and total liabilities as at December 31st, 2015 is
determined as follows:
Assets
- Cash and cash equivalents
- Trading financial assets
- Investments in securities
- Placement with, and loans to, banks
- Loans to customers
- Property and equipment
- Assets acquired through foreclosure proceedings
- Other assets
Total assets
Liabilities&Equity
- Deposits from banks and financial institutions
- Deposits from customers
- Loans payable
- Other liabilities
- Share capital
- Reserves
- Accumulated earnings
Total liabilities and Equity
(in thousands of MKD)
16,896,236
329,981
10,488,640
172,202
55,575,859
915,070
289,023
218,619
84,885,630
731,949
67,103,738
745,600
2,186,509
3,511,242
805,849
9,800,743
84,885,630
3. The structure of total income and total expenses, in accordance with the figures
in Item 1, is determined as follows:
(in thousands of MKD)
5,869,415
A. Total revenues
- interest income
- fees
- trading (expense)/income, net
- foreign exchange gains, net
- other income
4,501,309
1,033,688
13,307
71,670
249,441
B. Total expenses
3,727,477
- interest expense
- fees
- impairment losses, net
- personnel expenses
- other expenses
1,130,620
98,587
510,231
796,253
1,191,786
4. Realized income in 2015 year is 2,141,938 thousands denars.
Realized income is distributed as follows:
(in thousands of MKD)
- Income tax
- Not distributed income
225,239
1,916,699
5. The not distributed income will be distributed with separate Decision for
distribution of income for 2015.
6. The Annual Financial Statements - Balance Sheet and Income Statement for the
year 2015 are integral part of this Decision.
7. This Decision shall enter into force on the day it is passed.
A.D. No.
________.05.2016
Skopje
SHAREHOLDERS ASSEMBLY
Chairman,
EXPLANATORY NOTE
The Bank maintains its accounting records and prepares its financial report in
compliance with the Methodology for recording and valuating the accounting items and
for preparing the financial statements (“Official Gazette No. 169/2010, 165/2012,
50/2013 and 110/2013), (hereinafter “Methodology“), prescribed by the Central Bank
which is in application as of January 1, 2011.
The structure of the funds and sources, and revenues and expenses is as follows:
1.
The Balance Sheet
Total assets at the level of the Bank are MKD 84,885,630 thousand.
According to the share of each of the items in total assets, the positions are as
follows:
-
Cash and cash equivalents participate with
Trading financial assets
Investments in securities
Placement with, and loans to, banks participate with
Loans to customers participate with
Property and equipment participate with
Assets acquired through foreclosure proceedings
The other categories of assets account for
19.90 %;
0.39 %;
12.36 %;
0.20 %;
65.47 %;
1.08 %;
0.34 %;
0.26 %.
According to the share of participation in the given items, the structure of
liabilities is as follows:
-
Deposits from banks and financial institutions participate with
Deposits from customers participate with
Loans payable participate with
Other liabilities
Share capital participate with
Reserves
Accumulated earnings together with realized
income for current year participate with
0.85 %;
79.05 %;
0.88 %,
2.58 %;
4.14 %;
0.95 %;
11.55 %.
The Bank's shareholding capital as of December 31, 2015, without taking in
consideration of accumulated earnings in previous years and realized income in current
year, is MKD 3,511,242 thousand.
II.
Statement of Revenues and Expenses
The total revenue achieved in the year 2015 accounted for MKD 5,869,415
thousand against the total expenses of MKD 3,727,477 thousand which result in income
before taxes of MKD 2,141,938 thousand.
Total revenue
Participation of each of the items in the overall revenue figure is as follows:
-
Interest income share is up to
76.69 %;
-
The fees are at the level of
17.61 %;
-
Trading (expense)/income, net
0.23 %
-
Foreign exchange gains, net
1.22 %;
-
The other revenue accounts for
4.25 %.
\
Total expenses
Participation of each of the items in the overall expense figure is as follows:
-
Interest expense share is
30.34 %;
-
Fees account for
-
Net impairment losses, account for
13.69 %;
-
Personal expenses
21.36 %;
-
Other expenses take a portion of
31.97 %.
2.64 %;
Income and income distribution
In the fiscal year 2015, the Bank made an income before taxation of MKD
2,141,938 thousand.
In accordance with regulation from income before taxation, was calculated tax of
income of MKD 225,239 thousand. Thus, not distributed income that will be distributed
with separate Decision for distribution of income for 2015 year is MKD 1,916,699
thousand.
The Supervisory Board approved the enclosed decision on its meeting, held on
April 22, 2016.
In view of the above it is proposed the Shareholders assembly to pass the enclosed
Decision.
Skopje May, 2016
BALANCE SHEET
in the period from January 1st. to December 31, 2015
(in thousand MKD)
2015
2014
16,896,236
329,981
18,459,379
293,003
-
-
172,202
55,575,859
10,488,640
131,909
289,023
86,710
915,070
84,885,630
251,665
51,408,295
11,765,150
141,786
415,236
86,824
879,744
83,701,082
-
-
-
-
731,949
67,103,738
745,600
167,918
76,451
1,942,140
70,767,796
293,181
65,906,558
854,848
2,775,970
185,160
172,665
1,311,715
71,500,097
EQUITY
Share capital
Share premia
Registered shares
Other equity instruments
Revaluation Reserves
Other Reserves
Retained earnings
Total equity and reserves
Total liabilities and equity and reserves
3,511,242
(25,524)
831,373
9,800,743
14,117,834
84,885,630
3,511,242
(25,675)
831,373
7,884,045
12,200,985
83,701,082
Contingent liabilities
Contingent assets
11,587,216
-
11,571,496
-
ASSETS
Cash and cash equivalents
Trading financial assets
Financial assets at fair value through income statement
determined as such at initial recognition
Derivative assets held for risk management
Placements with, and loans to banks
Loans to customers
Investments in securities
Investments in associates
Receivables for income tax (current)
Other receivables
Collateralized assets
Assets acquired through foreclosure proceedings
Intangible assets
Property and equipment
Deferred tax assets
Non-current assets held for sale and group for sale
Total assets
LIABILITIES
Trading financial liabilities
Financial liabilities at fair value through income statement
determined as such at initial recognition
Derivative obligation held for risk management
Deposits from banks and financial institutions
Deposits from customers
Issued debt securities
Loans payable
Subordinated debt
Special reserve and provisions
Income tax payable (current)
Deferred tax liabilities
Other liabilities
Liabilities directly related to group of assets for sale
Total liabilities
INCOME STATEMENT
in the period from January 1st to December 31, 2015
(in thousand MKD)
2015
Interest income
Interest expense
Net interest income
Fee and commission income
Fee and commission expense
Net fee and commission income
Trading (expense)/income, net
Trading (expense)/income from other financial instruments,
net
Foreign exchange gains, net
Other operating income
Share in the profit of associates
Impairment losses on financial assets, net
Impairment losses on non-financial assets, net
Personnel expenses
Depreciation and amortization
Other operating expenses
Share in the loss of associated companies
Profit before tax
Income tax
Net profit for the year
Earning per shares
Basic earnings per share (in MKD)
Diluted earnings per share (in MKD)
2014
4,501,309
(1,130,620)
3,370,689
4,672,715
(1,542,181)
3,130,534
1,033,688
(98,587)
935,101
1,053,074
(89,562)
963,512
13,307
71,670
249,441
(510,231)
(73,256)
(796,253)
(108,845)
(1,009,685)
2,141,938
(225,239)
41,874
79,910
209,363
(631,950)
(111,524)
(757,658)
(111,740)
(1,122,137)
1,690,184
(177,841)
1,916,699
1,512,343
109.77
109.77
86.61
86.61