Commercial Bank of Dubai (CBD) 2008 FY annual report

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2008 FY result list | CBD forum | Commercial Bank of Dubai - details & pdf annual reports

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AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
CBD (listed on DFM)   Auditor:   KPMG
CBD accounts in UAE dirhams    
Date of results and share price AED 3.00 on 18 Feb 2009    
Current share price AED 3.19 on 15 Apr 2009    
Chairman
CEO Peter Baltussen
Balance Sheet (AED) 31 Dec 2007 31 Dec 2008   %Δ   ? notes
Total Assets 30,436,017,000 36,399,154,000 20%
Total Liabilities (25,677,119,000) (31,556,008,000) 23%
Shareholders Equity 4,758,898,000 4,843,146,000 2%
Income Statement (AED) 2007 FY  2008 FY       
Revenue (Sales) 1,377,951,000     Interest Income
Cost of Revenues (COGS) (506,215,000)   Interest Expense
Gross Profit 871,736,000     Net Interest Income
Other Income 512,486,000        
Other Expenses (448,305,000)        
Net Profit 935,917,000        
Minority Interests 0        
Net Profit due to shareholders 935,917,000 771,000,000 -18%
Earnings Per Share stated 0.84    
Ratio Calculations As on 18 Feb 2009      
Number of shares outstanding   1,411,845,525    
EPS calculated 0.66 0.55 -18%   2007 FY EPS restated
Price to Earnings ratio (PE) 4.5 5.5   Calculated EPS used
Price to Book Value (PBV) 0.9 0.9 -2%  
Return on Assets (ROA) 3.1% 2.1% -31%
Return on Equity (ROE) 19.7% 15.9% -19%
Return on Sales (ROS) or Profit Margin 67.9%  
Dividends          
Cash Dividend   15%     Approved at AGM
Dividend Yield (cash)   5.0%    
Share Dividend   25%     Approved at AGM
Important Dates Record Date 29 Mar 2009 AGM Date 18 Mar 2009
Comments about Commercial Bank of Dubai FY 2008 results

18 February 2009 (am): Limited information supplied in CBD press release / management statement. ESCA preliminary results proforma not supplied. Chairman name not supplied (previous information was Ahmed Humaid Al Tayer), auditor name not supplied but assumed to be the same as for Q3. Balance sheet information not supplied except for Total Assets of AED 36 billion. To preserve consistency for calculation of ROA, ROE, and PBV, we have used 30 September 2008 figures to give approximate values.

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