Analysis of Statement of Financial Position, National Bank of Kuwait (NBK), (2500 words)
This is basically deliverable 2, in which the balance sheet of NBK is examined in detail
Selected listed company: National Bank of Kuwait (NBK)
The basic requirements that might be used to make the statement of financial position
FAIR VALUE
HISTORICAL COST
PAR VALUE
NRV
PRESENT VALUE
MARKET VALUE
The basic components of statements of financial position
CASH AND SHORT TERM FUNDS
DEPOSITS WITH BANKS
LOANS AND ADVANCES TO CUSTOMERS
Carrying value
Renegotiated loans
ISLAMIC FINANCING TO CUSTOMERS
Murabaha
Wakala
Leased assets - the Group as a lessor
FINANCIAL INVESTMENTS
Held to maturity
Available For Sale
Investments carried at fair value through statement of income
REPURCHASE AND RESALE AGREEMENTS
OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES
DE-RECOGNITION OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES
Financial assets
Financial liabilities
DERIVATIVE FINANCIAL INSTRUMENTS
TRADE AND SETTLEMENT DATE ACCOUNTING
INVESTMENT PROPERTIES
LAND, PREMISES AND EQUIPMENT
BUSINESS COMBINATIONS
GOODWILL AND INTANGIBLE ASSETS
Goodwill
Intangible assets
PROPERTY ACQUIRED ON SETTLEMENT OF DEBT
ISLAMIC CUSTOMER DEPOSITS
FINANCIAL GUARANTEES
TREASURY SHARES
FIDUCIARY ASSETS
SIGNIFICANT ACCOUNTING JUDGMENTS AND ESTIMATES
BASIS OF TRANSLATION
The basis the that the statements was prepared in accordance with (Accrual or cash basis)
References
The basic requirements that might be used to make the statement of financial position
FAIR VALUE
HISTORICAL COST
PAR VALUE
NRV
PRESENT VALUE
MARKET VALUE
The basic components of statements of financial position
CASH AND SHORT TERM FUNDS
DEPOSITS WITH BANKS
LOANS AND ADVANCES TO CUSTOMERS
Carrying value
Renegotiated loans
ISLAMIC FINANCING TO CUSTOMERS
Murabaha
Wakala
Leased assets - the Group as a lessor
FINANCIAL INVESTMENTS
Held to maturity
Available For Sale
Investments carried at fair value through statement of income
REPURCHASE AND RESALE AGREEMENTS
OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES
DE-RECOGNITION OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES
Financial assets
Financial liabilities
DERIVATIVE FINANCIAL INSTRUMENTS
TRADE AND SETTLEMENT DATE ACCOUNTING
INVESTMENT PROPERTIES
LAND, PREMISES AND EQUIPMENT
BUSINESS COMBINATIONS
GOODWILL AND INTANGIBLE ASSETS
Goodwill
Intangible assets
PROPERTY ACQUIRED ON SETTLEMENT OF DEBT
ISLAMIC CUSTOMER DEPOSITS
FINANCIAL GUARANTEES
TREASURY SHARES
FIDUCIARY ASSETS
SIGNIFICANT ACCOUNTING JUDGMENTS AND ESTIMATES
BASIS OF TRANSLATION
The basis the that the statements was prepared in accordance with (Accrual or cash basis)
References
