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    Cbd Financial Statements 31 December 2017 Eng

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    Cbd Financial Statements 31 December 2017 Eng

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    35 views77 pages

    CBD Financial Statements 31 December 2017 Eng

    Uploaded by

    haji joda
    Cbd Financial Statements 31 December 2017 Eng

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    Commercial Bank of Dubai PSC Consolidated Financial Statements SI December 2017 ‘These Acted Console Finca Statements are subject 1 Shrcoldes approval atthe Annual Genta Meaing. Commercial Bank of Dubai PSC Consolidated Financial Statements 31 Dacombr 2017 Contents Repor ofthe Autor tthe shacboles ‘Console stent of facil positon Conotited income statement Consoidted saement of compebensiv inane ‘Consolidated statment of changes inequity ‘Consolidated statement of cath owe ‘Noto the conoid anil statements EY ES ‘renin an” atone arenes ee INDEPENDENT AUDITORS! REPORT TO THE SHAREHOLDERS OF COMMERCIAL BANK OF DUBAI PSC Report on the ausit of the consolidated financial statements, Opinion We have ausltes the consolidated financial statements of Commercial Bank of Dubai PSC (the Bank") ane iis subsiclaries (colectvely referred to as the "Group"), which comprise the consolidated statement of financial postion as at 31 December 2017, and the consolidated Income statement, consolidated statement of comprehensive Income, consolidates statement of cash lows and consolidated statement of changes inequity fr the year then ended, and notes to the consolidated financial statements, Including a summary of significant accounting policies. In our opinion, the accompanying consolidated financial statements present fil, in all material respects, the consolidated financial position of the Group as at 31 December 2017, and Is oneoidated financia! performance and its consolidates cash flows for the year then endee in ‘accordance with International Financial Reporting Standards, Bass of opinion We conducted our aust in accordance with International Standards on Auditing ("ISAS"). Our responsibilties under those standards are further deseribed inthe auditor's responsibilities for the aut ofthe consolidated financial statements section of our report. We are independent ofthe Group in accordance withthe international thie Standards Board for Keeauntants Code of Ethie for Professional Accountants (the "IESBA Code") together withthe ethical requirements that are relevant fo our suit ofthe consolidated financial statements inthe United Arab Emirates, and we have flfles our other ethleal responsibilities In accordance with these requirements and the IESBA Code, We believe that the audit evidence we have obtained is suffcient and appropriate to provide a basi for our opinion Key audit matters Key aut matters are those matters that, in our professional judgment, were of most significance Inour aval of the consolidated financial statements fr te year ended 31 December 2027. These matters ware aadressed in the context of our aust of the consolidates financial statements as 8 woe ang in forming our opinion thereon, and we do not provide a separate opinion on these ‘matters. For eacn matter below, our descriston of now our ueltadaessea the matters provides Inthat context We have fulflled the responsibilities described inthe Auditors responsibilities for the audit ofthe consolidated financial statements section of our report, including in relation to these matters. ‘Accordingly, cur suclt included the performance of procedures designed to respond to cur assessment of the risks of material misstatement of the consolidated financial statements. The ‘results of our aut proceeures, including the procedures performestto address the matters below, brovide tne basis for our aut opinion an the accompanying consolidated financial statements, — EY rng a INDEPENDENT AUDITORS! REPORT TO THE SHAREHOLDERS OF ‘COMMERCIAL BANK OF DUBAI PSC (continued) Report on the auait ofthe consolidated financial statements (continuea) Key audit matters (continued) (Impairment of loans and advances and Islamic financing Impairment allowances represent management's best estimate ofthe losses Incurred within the loans and advances and islamic financing portfolio at the balance sheet date. The amount of impalement Is estimated by management through the application of judgement and the use of subjective assumptions. The amount of impairment is determined at both a specific asset and Collective level. The calculation of both Indivloual and collective impalement aionances Is innerentlyjucamental. Theresa isk that the amount of impairment may be misstated, As at 31 December 2017, the gross loans and advances and Islamic financing of the Group mounted to AED 50,185 milion against which impelrment allowances amounting to AED 2,910 milion were maintaines Due to the above factors, the significance of loans and advances and Islamic financing Cepresenting 67.1% of total assets) and related estimation uncertainty, this is considered 2s a key uci matter, ‘The risks outlined above were addressed by us as follows 1+ We assessed the design and implementation, and tested the operating effectiveness of key Controls over management's processes In respect of the approval, recorcing and monitoring Of loans and advances and islamic financing, and evaluated the methodologies, Inputs and fssumtions used bythe Graup in calculating collectively assessed impairments, and assessing the adequacy of impairment allowances for individually assessed loans and advances. ‘+ For loan portfolios which are subject to individual assessment, the appropriateness of provisioning methodologies and policies were Independent assessed for @ sample of loans cross the loan portflio selected on the basis of a defined threshold and risk eitevia. We ‘ssessed the levels of provisions based on cscussion withthe senior management and the ‘etailed loan and counterparty information, which is maintained by management in the credit file + For collective impairment assessment, impairment is determined by analyzing the overdue ‘status, considering the history of sses experienced on such oans adjusted for current market Concitions. We have assessed the accuracy of key data from the porto, the provision Calculations and critiealy assessed management estimates and assumptions used in etermination of collective impairment allowance. 1+ Moreover, we nave also assessed the adequacy and appropriateness of consolidated financial statement cleclosures wih respect fo impairment of loans and advances and islamic financing Refer the significant accounting policies note 3(2}) tothe consoliated financial statements for the accounting poley relating ta impairment of foans and advances and Islamic financing, note Staa) which contain the dlslosure of significant accounting estimates relating to impairment against loans and advances and islamic financing, nole 7 which contains the disclosure of impairment sgainst loans and advances and islamic financing and eote 33(b) which explain the Impairment assessment methodology used by the Group. im i Hi i INDEPENDENT AUDITORS’ REPORT TO THE SHAREHOLDERS OF COMMERCIAL BANK OF DUBAI PSC (continues) Report on the ausit ofthe conselidated financial statements (continued) Key audit matters continued) (o) Impairment oflnvestment properties “ihe Group's accounting policy is to state its Investment properties at cost less accumulated epreciation and accumulated impairment losses, the fae value of investment properties as atthe Feporting date has been assessed internally by management and/or through third party valuations. ‘The valuation of investment properties involves significant estimation and assumptions. Any ‘Variation inthe estimation or assumptions used forthe valuation could have a material impact on the consolidates Financial statements ofthe Group, Due to significant estimation involves, thishas been consiseres as a key audit matter. We assessed the assumptions usee by management and third party valuers for appropriateness. ‘This nvelved using our internal specialist to review the basis of valuation for selected investment properties to assess whether the valuation approach and methods used are in accordance with tstablshed standards for valuation of properties and sultabe for use in determining far vate for the purpose of impairment loss and disclosure of fair value in the consolidated financial statements eter the significant accounting polices note 3¢P) to the consolidate financial statements forthe [accounting policy relating to Investment properties, note 2(2e) which contains the disclosure of Significant accounting estimates relating to Impairment of investment properties and note 10 ‘which contains the cisclosure of impairment of investment properties, ‘other information included inthe Bank's 2037 Annual Report Management. is responsiole for the other information. Other information consists of the information included in the Aank’s 2017 Annual Report other than tne consolidated financial statements and our auditors’ report theceon. We ebtained the report of the Bank's Board of Director, oror ta the date of our aultors report, and we expec to receive the remaining sections fol the Bank's 2017 Annual Report afte the date af our aucttor’s report ‘Our opinion onthe consolidated financial statements doesnot cover the other Information and we ‘donot express any form of assurance concision thereon. In connection with our aust f the consolidated financial statements, our responsibity isto read the ther information identified above and, in doing so, consider whether the other information is materially Inconsistent with the consolidated financial statements or aur knowledge obtained in the aval, or otherwise appears to be materaly misstated. I based on the work we have performes fon the other information that we abtaines prior tothe cate ofthis auditors’ report, we conclude that there is material misstatement ofthis other information, we ae require to report that fact. We nave nothing to report tis regara INDEPENDENT AUDITORS’ REPORT TO THE SHAREHOLDERS OF ‘COMMERCIAL BANK OF DUBAI PSC (continued) Report on the ausit ofthe consolidated financial statements (continues) Responsibilities of management and those charged with governance for the consolidates financial statements, Management = responsible for the preparation anc fair presentation of these consolidated financlal statements in accordance with IFRS ang in complance withthe applicable provisions of the Bank's Articles of Association and the UAE Federal Law No. (2) af 2015, and for such internal Control az management cetermines is necessary to enable the preparation of consolidated financial statements that are fre from material misstatement, whether due to fraud or erro. In preparing the consolidates financial statements, management is responsible for assessing the Group's sbilty to continue asa going concern asclsing, as appicabe, matters related to going concern and using the going concern basis of accounting unless management ether intencs to ligidate the Group or to cease operations, or has no realistic alternative Dut todo so. ‘Those charged with governance are responsible for overseeing the Group's financial reporting process, ‘Ausitor’s responsibtes forthe audit ofthe consolidated financial statements ‘Our objectives are to obtain reasonable assurance about whether the consolidated financial Statements asa whole are free from material misstatement, whether due to fraud or erro, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but fs not 8 guarantee that an auet conducted in accordance with ISAS will alas Getect a material misstatement when itexsts. Misstatements can efse from fraud or error and fare considered material if, inavigually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism throughout the aut. We also: + entity and assess the risks of material misstatement ofthe consolidated financial statements, tnnether due to fraud or error, design and perform auclt procedures responsive to those ris, ‘nd obtain aust evidence that is sutficient and appropriate to provide a basis for our opinion. ‘The risk of not detecting a material misstatement resulting trom frau fs higher than for one fesuiting from efror, as fraud. may Involve collusion, forgery, Intentional omissions, mmisrepresentations, of the averrie of Internal contol, “+ Obtain an understanding of internal control relevant to the auelt in order to design ausit procecures that are appropriate Inthe circumstances, out not for the purpose of expressing Sn opinion on the effectiveness ofthe Groups Interna control. ‘+ Evaluate the appropriateness of accounting policies used and the reasonableness of ‘accounting estimates and related esciosures made by management. —_ EY Seng Sard INDEPENDENT AUDITORS REPORT TO THE SHAREHOLDERS OF COMMERCIAL BANK OF DUBAI PSC (continued) Report on the ault of the consolidated financial st foments (continued) ‘Aucitor's responsibilities forthe aust of the consolidated financial statements (continued) Conclude on the appropriateness of management's use of the going concern basis of accounting sng, based onthe audit evidence obtained, whether a material uncertainty exists Felated to events or concitlons that may cast significant douot on the Group's ability to Continue asa going concern, ime conclude that a material uncertainty exists, we are required toaraw attention in our aucito’s reprt tothe related csclosues nthe consolidate financial statements or, i uch disclosures are inadequate, to modify our pinion. Our conclusions are based on the audit evidence oblained up tothe cate of our audit's report. However, future {events oF concltions may cause the Group to cease to continue asa going concern, ‘+ Evaluate the overall presentation, structure and content of the consolidated financial Statements, including the disclosures, and whether the consolidated financial statements Fepresent the underlying transaction and events in a manner that achieves far presentation. ‘+ obtain suticient appropriate alt evidence regarding the financial information ofthe entities for business activities within the Group to express an opinion on the consolidated financial Statements. We are responsible far the rection, supervision and performance ofthe Group ‘ual We remain soley responsibie for our aut opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the aust and significant audlt findings, inclucing any significant {ellcencis in internal control that we identity during our aut We also provide those charged with governance with a statement that we have complied with Felevant ethical requirements regarding Independence, and to communicate with them all Felationship and other matters that may reasonably be thought to bear on our independence, and lhere applcaole, related safeguard. From the matters communicated with those charged with governance, we determine those ‘matters that were of most significance Inthe aualt ofthe consolidated financial statements ofthe Current period and are therefore the key 2ult matters We describe these matters In our auditor's Feport unless law or regulation precludes pubic disclosure about the matter or when. inextremely fare circumstances, we determine that @ matter should not be communicated in our report because the adverse consequences of doing so Would reasonably be expected to outweigh the publi Interest benefits of such communication. —= EY Senin” INDEPENDENT AUDITORS’ REPORT TO THE SHAREHOLDERS OF COMMERCIAL BANK OF DUBAI PSC (continued) Report on ather legal and regulatory requirements Further, as requires by UAE Federal Law No. 2) of 2018, we report that (the Group has maintained proper books of account; Gd we have obtained all the information and explanations we considered necessary for the purposes of our auatt; i) the consolidates financial statements have been prepared and comoly, in all material respects, with the apolcable provisions of the Bank's Articles of Association and the UAE Federal Law No, (2) of 2015; (Gv) the consolidated financial information Included inthe Directors’ report is consistent withthe books of account of the Group; (0) Investments in shares and stocks are included in note 8 to the consolidated financial ‘Statements andinclude purchases and investments made y the Group during the year ended ‘31 December 2017; (ui) note 34 retlecs the disclosures relating to related party transactions and the terms under which they were conducted; (wi based on the information that has been made avaliable to us nathing has come to our attention which eauses uso believe that the Bank has contravened, duting the financial year tended 31 December 2017, any ofthe apalicable provisions of the UAE Federal Law No. (2) of 2018 oF ofits Articles of Astacation which would materaly affect ts activities or its ‘onsoidated financial postion as at 31 December 2017; anc (vip note 23 reflects the social contributions mage during tne year. For Ernst & Young \MM Unply Signes by: “Joseph Alexander Murphy Partner Registration number: 492 22 February 2018 Dubai, United Arab Emirates ‘Commercial Bank of Dubai PSC Consolidated statement of financial position 450431 December 207? Asser ash nd ales ith Cel Bak 5 6308.59 712466 ef bls ‘ 2534710 Saas [cana abancs anda ann 5 mamsms aoa Invent sees * ama80 aie lnveaten nen eri ° s1ass 7768 Invent opr 0 194980 mas Progr and eainent ” ssa Berkesacrpance 036956 Others 2 93 Laxwusries Dyeto banks » moms sins Coster depen ein ster dps Wo gsm aire ete andi er Brtovings 5 nso. 6000337 Doe for eade access 21186 3.085986 ‘ner tites 6 31488 S788 TOTAL LIAmHLiTIES sae Sas eourry Cia ene a S838 (Genera sone v isons ‘TOTAL EQUITY Eee ‘TOTAL LIABILITIES AND EQUITY =e ar ‘These consid fan stents were prov and ated rie bye Bord itr 87 February 218 ‘Teach tase ages 121975 em part of ex cosas Fran sate ‘Me Sms Ae Got De Ben van Linde ‘Caiman het Eestne Otter ‘Thereof inn ie ot on pss 106, Commercial Bank of Dubai PSC ‘Consolidated income statement Forte yar ended 31 Decenber 2017 leer income a nome Itami acing feces expense and dibs tose deposons Netintrat income nd et income from lame ‘inancng Ne fs nd sommison nome "Ne gino feign exchange nd derivatives "Necginfom invests ta vale oh rote ot os eld or ing \Netgain fom se of aaibeforsae investments Shure of pot ofan assoeige Dividend income her ioame “otal operating meome Impact allowances on leas a advances nd inane femcng Ingnionet llowance ives eres Impionet lovance on neste rope Imprint allowance on ter stats 1. Send other expenses Depreciation and amortisation “otal opernting expense et profit or year ‘asicand ied caring per share ote ” 207 AeDow pata (4.038) sr seu990 119,368 sats i. 6730 1013 east Yon.ne ‘The atached notes on pags 1216 75 form yr of hes consoled fara statements Appoprisions have been fete inthe onslded ettemet of hangs in si: ‘The repo ofthe Atos is set out on page 1196 2016 ‘ADU 2oer0s 562.60 bss 9320 base ou sana sos 2818 Ten coxa rey 6225 02320) oa rss) (38137) ‘e70530) inane AED 036 Commercial Bank of Dubai PSC Consolidated statement of comprehensive income Fur the ear ended 31 December 2077 2007 2016 arpano EDU Net prot for the year oon 918 tems nat ay note else subsequent Income ratemet Actos o retiemen bent lions 68 : ‘ems that may be subaequenty said sebsequenty to fncome states ‘Otter compretesive income: Change in fre of ete patna ah oe ede «any aes ‘Changes in avalabefr-sle(AFS) investments: Relsed gains ons of AFS invests Ta aia) ‘evaluation of APS investments et fiom) 4003) 7333 -Netehange im AFS investments i) 335 ‘Other comprehensive (ls) income forthe year eas) 24508 ‘ota eomprebesive income for a Ee ‘The atached notes on paps 12105 fom part f tee consoled rani stents ‘Therspor ofthe Aton ist out on paps 1126 tog gos Ie pap aC 0 ‘ano uy soBuego jo mowayes parpl}osu0g, Sd Jean Jo ue feForoUILIED, ‘Commercial Bank of Dubai PSC Consolidated statement of cashflows aimee Depend anon mon sum (Slasvimse opener pepe ey - Shed oe 2 oy ‘orto of reson Same rns Sir ‘Niwas seme se ‘heap potest ene as octets ancy sa ated paces rene tam ‘Neco ore te tape of AS tee * as ‘ele npn vem pps o ar ‘Soule eemscn ot crs dood em orn: a TRS nar ary mee wh Co Bask een, (Garon aces apt Cd Banco “goa wth gl uty ote tn emo amon onsen Dec ino) fm tak wih re ia of _ Section nd en gt eanin asian hoc hear ann ‘incom pes (ce neocon rts asa aioe (eres /ceert ‘is ass (Se adorn ing ati of mast ee mr cam) isa hese ean it ai, tie, ete on en om ota thes TE saat investi activins Rarer nem oss) sing onic 2 Can ou Pre om a oes oats aru Sree ° er ea Gea om oe vein tes Sar es Doon a sonsen Dela nom enn ses Tat Neds ine cand cs eqs gost Schandau xy 30035 Cann cnn emai a3) Deemer F Sia Sunita Ince rane ic Bor ani Hang eae aos 2assom Ices pce ter at pan ‘out sm ‘Teens on gs 12 5 ptf ese ia ac anes a Commercial Bank of Dubai PSC Notes to the consolidated financial statements 1 LEGALSTATUS AND ACTIVITIES ‘Comer Bank of Dub Pte Ban) wanes in Dui, United Anb Emi (UAE) Jn 909 sn reir wa atic Sharcoling Campa (PSC) mazda with Fda! Loy No.2 (12015. The Foe La Ne. 201205, ocring Coste Copaes hs cme hn et en Sop 2015 pcg the Fei Law Ni Bf TRL Inder comply ih the new Commer ‘Corps Lean hei i Goel Astembly meting op 2 Jane 20160 amends ries ‘Soon, The enemies proved by the pry suey ding the tee meth prod {oT hare 017 an as aed the bank Te Buk ised a the Dbl Fncal Ma. The Buk’ ia activ commer barking ‘elo he Ban oly owned aire (gee lel "the Gro" a he RAPS Tevet ines wae 1 CBD Fnac Sov LLC epi a innit conpany ia accra wih Fle! Law ‘e201 2015in Dat Und Arb mine. The Ba bole 10% ies pel sti Air Propet LC sete aon ily xan acorn with del aw No.2 ‘12013 Dus nko Aah Emirs. The Ban his» 1B rarely Sa ‘heed perp mannpsment sve td taping & lingo al ae ©) CBD (Coma) Lima is spel pup ey (SPE) repel Bh Vio ends. The SPE Iason eal fr a fare isan of et ste: Te SPE i te ny aes dg 8 CD Coma Ln, hich api prpon cy (SPE eee eB Vien lan. Te ‘Pt foo etalk trata an ete eae eee ©) Noa Genel inane Cs (PSC) sso th Bark a se ose Db Finca Mir Handrail clas of ean orl nse Rees at wll eatin rnarance nies. The an ols 74st i hac Te mmo lees th sine Intunce onthe ove y vite ving esi obo Gea oe aso, “herein ft anki AI Wad St, P.O. oe 4, Dus, Utd Arb mate 1 Statement of ompace ‘he erst mc sements hve bee pepe in scans wil neal Fea Repning Ste (RS) a lly the Iemma Accu Sandals Beal ASS) ad opi een neste UAE, ‘Along withthe comnts stents he Go has sel But Pr 5 sss Inacewlnce wits th adele ued by Br Cn Burk of e UAE The wplieon of Base! UL Pi’ piss has pase te type and aunt of dale mae i ae econ an ‘Stents Bt he none repre profi o Gail pin of the Gre. sere ‘sb ements Bail, the Grey as rove Sal conor rma, As iy the UAE Sei an Ces Asi (SA) notion mb 82008 dtd Saar 6 208 Group's exon In ath and anes wth Cel Da of he UAE. De fen ks wd ivesmen Seas sie the UAE fave ben seme ander pete me, Noes tothe cso ancl tates comin) 2 IASIS OF PREPARATION (ominsed) 1 Bast measvement ‘Tho ned mi stenenne beer pepe one hiro isnt forth flowing: + snive anal nsrmens met falas 1 Pehranet cid fa lo ong pao los, a ea able free eset i ale «Reng anc sd ich has am in i value le tansy ar ese tae Invepesof the ic ti ede. © Funtina an presentation aren Real nec ments prs io Und Arsh eines Dans AED", whlch he i's intone, wl te eve aan eet a (4) Ue timate an dente “The peaaion of fac stemcts in cofoay with IRS opis the we of ean el weno ‘Siem lores mirage cabs tome the con of ape he Go's ean Ses The eon fier degre age or copy edna Nae 32. The iso anc sas copi the Sani ee ofthe ak nd ssid, which omy ara Decne 207, Cn hcl ston he Gr ir xp, hs vile ‘Sr ais nln wh hee nha he ity ae thse ums dough is over ve ie inves Specials he Go otlan inet and en ifthe Grp as ‘lve one ie esx ath ee ce Si i he van ate of be ‘peony lpr or is varie rtm om it nohenet ‘When he Gop bases tan amy of he aig sla sf ak nets, Be rep consis at ‘Sv in ccs ing wher ith poner overan vest, leg “hector range wh te he Wehr of eines pean om ero range The Gp ig is nd pt ong is “he Group eases wht oot coi ove f at on cnt nite a ee we ‘hinges an oma th re me of al Conor aur eps whe th Grose ‘Shs conor lay dees when te rac oe onl of he ssi Ase ii insecure ery aque dpe! 0 Suing ear cde the conoid nocache Groom he debe Gap xn contr ul eda te Grose cnt messi Pro erle mien cmponet of arcmin me (OCT aed he ey halos of be fret of he Croup and norontaing tnt When secs snes are mate te ancl {tnencn ef oa rng th tui plies in ne wi th Group’ asenning pies. A Ineepp tte td alles equi, mone cxpms and ast ening ees Fv none o he Gow lina lon eso, ‘Commercial Bank of Dubai PSC ‘Note ohe consolidate anil snteent Comins) 2 GASIS OF PREPARATION (oatinued) ©) Base of cmsin (oad) A change te ones est fa ssl, bt a ss of ons aesum or an egy ‘retin he Gro le cool ont aba + Deeps th sna asset a abies of he mir 1 Reconstr ti cern ced * Resogis th i ae of ayes eed 1 Recopis sur den cosa Wome ten 1 Reif pens sae of ceaponents peu rege in OC opie seine asin ‘Soper oud bind he Gp a Sly ge etl sto aie 0 Sabin ‘cic a ty it cnt ye Bk The Group conta ty hn the Group expat {orgs ee lene wh te ey an a ity af thse es ‘ough zr poe ovr teeny. Tae Grup reasene woe HK ols an vee bs a ‘Stats ae soa he of ection, sng te ate wh he Gy bs con ‘toc te cna ee dha ah tales (i desi ‘cia ea ety ver hich be Gro ae Sica iadure Sie nec i the pve 9 ari inte onl nd psig py dens fhe estes ats at nl ee eon over The Gr inven le ase fr igh guy mot Under te ety mtd he vse nani ins ei cos. The ami mown he Invest sed opie shange the Groups she of at state of the mie sine the Stine, Cooling tease nue! i the ing aan ofthe SEN as ste sorseor ada se ipa. econo seme of inome efits the Gros sho the of pron of he sai. A ange OC1 a tne iver rested pr othe Gongs OC Tao, hae a oon ‘Song emi it nth ey ofthe aot he Gre pr sae a ny an hen Soll i he ment of canes ncn. The spent oe Go's he of poi oF Bs fe ‘Sse shown nthe ev the consid nce tne ‘he Oni seme of te seis ae ppd fr these orig per a he Grou. When ‘ea aomens ae made ng te ecg pacer nine ra oie Gra, "er apo ofthe uty mato. te Gp determines wher cou gti a pes Io ont este ate At ec pring atthe Gp Stress hoe aj ‘Sis tse tsa rte sie Ie psies ae iatch eve, he Gro cals he ‘oun of niente irene: betwen eee ono te ascites eying ee, ‘hen cogs te ls Shop rhs a on ascine Upon br of spn lens vere sete Gop mess opis aye ves ‘Xin torah: An ile tstocon the sry ing amount the ssa po bs fie ince ‘ale ivan of eed ese and proses ons org the cna ee ‘Commercial Bank of Dubai PSC ‘Nowe the consisted anil sateen continued) 2 GASIS OF PREPARATION (oatinued) 1) anf cmsatn (cetaed) (iy Tense lain colton Ineoarup flrs nce nd exes (il Fran ce) nso pis sis) we fr itp macs mite in sparg he ole ancients Una as ‘elimina ih me youre ut, baton heen eo cid np ‘he mcing plies stot bw Ave Bon apple consitely tall he eum preset i ese ‘Sa anil tnt, 1) Financ eseamens ‘nuns ott ha ps tbe ani mat the ropa i bly (pty nar rt ry rie ro The Gugp css saa wc a {nib owing ones 0 Costas + Bani att ical hohe bs EVEL his cag has te fowing Wo shatprs ‘rani ane ed rts "ral ect eid tain ae hose hte ail incall fr he purpose fale in he ce They ae rede oe Fl alu hss ae ened cali ome see. The Gr digs eet a al ough urea elongates ‘nema mange chun! nd epordneatlyon w s These clits oS res m cong mech unc wukatberce ‘Troan cone an bolded deve hat sgl moet ca os at ud Lamas snd ates: Loans sd nance toda Gris with ed nd doe ‘omen ht a mud in acne are Thee wie when he Gen pier my Sia othe + Hes JET, esis w Delsarte Hc at wit fd fold mati TM wet areca tora at ss inser bs ‘Sect gts eallowe ony der halving extn “einen hc ca oy mem mon va “ied ne ond he Gro’ emo “tr buns combina donor nee eso capt eens + Auuiblefeale (ATS): Avishai imsiet we nie noedave Anil al hit ae ‘Sepa aaron’) Eno sacra ar alu rough oi on (las {ad abonceso (i) helms APS sts wc vale Wi a ae stages ‘espn te somos nee (OCD, The sc my Beso repr oes iy ot (hangs re ty cchnge ero Commercial Bank of Dubai PSC Notsto the assed mca sare (cued) 5 SIGNIFICANT ACCOUNTING POLICIES (cntnned) 1) Fauci strments(oatinued) (6 tie exition Fre asks of vmet ses ae eopied o he edie wih he eon which be Ihe borowes, Fa ei ae ial oped ae esata cos whieh epoxies [econ al an et ol a au ough roto Pinal nc a ale es riers ely cos a ale which aprox seo (0 acs Fal sets ae droge whe hight rose ah lows fo ie False end or see de Gop has tase sts a ess nl movado oes. A anil Bailly ‘decngised when coca ian sche ctor xd, 0) Suber meaenent nil es alors i vale droh profi oes ae seat cai at i ue rl sas ox ai fal vale are caved amore eb uig ete nest ein ss ‘mpm allownes (0 Eades {Gihan acraver ented in oer fi arnt ae wel a epee when the ‘srt irl tog otros: Thoe embed eet we mesure aor ih change ‘rae coined nth oneal ste sere. “9 - GEES ERS SG ae charges ir vob of he iment av thvegh pro st ‘sopra lees in te cond cre sence n the parol wih hy sin snd iene rss or chagrin ei a of ane fralinvesimetare reaped Sal ie ‘er conpchnivefcme (OCH, wil he nll set deep oF lmao ich Ue he tn ces whee aniabeforale iesnens with « al may ae redasifed oy helena ‘Semen, he i legato css ul edt of eesti a eld OCL alanis over ‘Eeronnng eo he bln. ity nen ing tbe fener mao (0 eae mene nes RE duper rt, uk dives liven uy an cel ad soe Fawr te pr ht woul be ted sn at opi io br fay ede ton etwas nas prat he meen ce. Te fate memoria he pre ‘at tans osel ie torn Se abit hes ple ner Inte ppt mat forte set aio nth sence of ppl mre, th mon nen mks forte eto aly ‘The lca othe mst ndanapous cet De see yh CAD ‘The ral ofan ct nly snd sing he saon at mrt pions well ae wha ing arising ha mrt prkpns ot nthe coos Dt ies ‘fi valve mewurenet of worn set les io essa ck pps ily geese ‘enamine ihe an be ate sling tothe math! tpt at ‘ou se tists ges nl est we The Groupes aluson exile at ports in he cuss an ow sist dw ae ‘Commercial Bank of Dubai PSC Nove othe corolla fl teres comes) 3. SIGNIFICANT ACCOUNTING POLICIES (ented) 1) Financ isrement contac) omy ete erate Al sts nals rw vie nen or cls te Hal tomes ae etn ‘hin ae rey dere ellos tase the ot ve! pat hs peo Be it Lave 1 ont mre i (ute) ina ave mata na name A Sancta ‘Groped gute non ve mare guste pis ae eu dey aim a exc ae, ok, Inn, wt, ing ev regu gen ad hve pe ree tila ‘etry cing mare nrc na ar engl eel Vato ges ao obra ns ier Sry (i. pis) or ny Le ‘fom pi) Th cp cues ramen lt wing ted wht rs te mak sine ‘Stamens gd rw fr eel rr tua or heaton ius wr al sin {el Vaan cig ing icant antom ables. Ts age insane where ‘Scrat sue ids ints bd on bole sud unbeenale pata a nies ‘cto thinner Ti ery lente ae ies se pis he ‘Sirens woe sigan mse gs oF wsnplons weed ei ens ‘Theirs wn ty be Gap sot ines 42 Forms a Inte ta reco in te Sci tates recon e io tenis ‘whether tues ve soared vce Klin th irhy by Yassin eepizaton (basa on he ‘ct apt cant ase ears ha) ah emo ech eerie? ‘The Group dein the pots an proces fr th ein ir eo mene cht vse roe sd unusod AFS Onl or nonecry asre sxh swrsal ale AL eonting de, he Gopaacsthe menses in te aves wet a Hie bh ar et ‘Stcremanwcl or teal sc ee Gaus wananing pti, Fr his oan te Groop vers oe ‘joe pt apt nthe it vtnion by sci the mnin ion opal cote todether rece Soames. ‘he are, hrc ik fe so alate eel he a ae eure xp (0) Aner essconet The snore cos of 2 Gace o ity the sown eh he Sl ae oF Hail Is ‘nwa ial engin misprints pie asthe culation wig ‘ny rion fr iprment The efletve toet ei the rte ht exc dicount cntnated Far cash ‘cps or py tieugs teed i fe Sal eo Gari aby to he Oe ‘vt ofthe aac ae oat ai Commercial Bank of Dubai PSC ‘ots he consolidated neal stements Comins) 43 SIGNIFICANT ACCOUNTING POLICIES (cnt) 1) Financ nsirument contin) (0 ecto mre inp Ata epaing dhe Group air wha hr Bjctve eid tal Gana aut ot aed at ‘rae tough ro or ls ae ieptedAusal wt oo pp oft ss pled whet ‘Sela cc gc the ch we he se ib onal ay. bisector ses sting iy et) np enna sigan ran ‘ey of boron ose deta odes ya beaver esac ofan he Py ‘Be Group oc rm at he Gop wold ot bre cries hsb oer er ensue te cuopearance oi nse mr rs ery ope obrte Sat lig o = eof ‘ea sok water chugs ath pment san tower rent ro sano condone ater wit det he ru. lon fray esa na eu crip sence oe loge lene fa uve below ison bth evens tng ‘The Group conse iden of ipmet bosandas al e->- nary nese sce Ichi aassdoass ‘Aveo pring dite te Group assess oes ose hss wth te ny ejve eine hata ‘ing ann ofthe fossa he psa ae of ete Rae as ows douse we ern The cr alah we oe iy + he G's zeae expose jhe eseene he Wi ofthe tess md ancy wae sissy ot mei is ad (goonte lint ct nev det obliges + Pura ining of xpd mp tar 1 ely vend ile gan or bape 1 iets ote redo ommne ring ed pps th he row and she thon of «Se tompleiy of determining the agp ane and ranking ofa roe cis a he extent which Iga ad nue cars eve ‘ier tle of ear (ooh cen) an todo sacs repose ‘ey aul of ceed a sey of anus orig an. {testy ofthe tor ean, ale pages in ther Fenian Wher avait the sod mart pie Ipsimct nra recpnidin nied one steered nan lloras scout lors advance When absent ence eo fayette dae Iniment need hgh poor Collate essed ars Inpsimct seein on calesiv bi vo dire sz + for jes Io tii eames cove fers ach ve ben ire Oe ot yet bom Sent nd + fobomegeut oop of any hte tard nual sip Commercial Bank of Dubai PSC ‘Noe tothe cooled nc ate cotined) 5 SIGNIFICANT ACCOUNTING POLICIES 1» Finan ntrament (otal) © Hewitinanineanesne fines canine mca ant ties inpiment ladle fl has en eid (pm ans) ae me teeter cing hc tr arctic uae fein mes ltr “hires rm tl nn egies at throng dt which wl oly be pci ited he fer ‘Tecate inpsiment stoi arian ace ‘sors expres porn of snr Tk chars (ramp by nays, an rae post St paral beeen ingen ecu ate os bing eid and ednca By he ‘tse of nappies ce pint te nin ee - ngoomn lane same cua cos sa sms escheat el of Inherent ve ke abe por oat tha mgr by ie croc The pd Reem ls curing is ein i ia by he manage each onto Homogencess groups flats Ferhomojntnn gro on ht econ inl silat, he Gop uta eds ‘fe abby of el digo sve and the ant bee rel, alte oe manages [lynn oo wither carn canoe and et coin ch ht he css Hebe ‘Beato es Defi ate os re ad he xpeced ing 0 Rare cove ae ely Dench ‘ann ate uc toes a hy enn oer Iapavmen an sens clad os abe sete ‘The Group demi tht aber lysine pe hen te hs ben sisi or roland dst nth i alu lon set pin leon isles eam eee teresa yng he cate et a sen rosa Gl conoie ne ‘Sent apa eg ase The cum las thal reget fom OCI conse ine ‘Semen lew tte action cn no ay ical eee nt aro. he ‘nent i ae, my spain lu preva rgred in ema nme amet. Cane ‘ime proviso anaes in vc aeons compne of iene, {ina suongen poole ir vale of imal ealto‘orse eb ery nese ale incese ‘ne bjectnel rin eh csuig ser te ipseent tego nome ‘Scot eps! os reese gh cron sn see he eM oF caer ‘le ea sey oat overdo teenie trent ie coed Sey et onseense in Inset sine laid x cies "Naan eves shar of vests nae ses Imenton splash dete sinning ecovonle ous ise in we gus he Gap make an esate af fe expe te fs lows fesse sel cooing ne dacan aH re fo lene th prev of 1» Dera ence ntronents Olatetee ‘The Grup ees in drvane Handles nig far, fas, suas and oss ia he fasgn exchange pal masts Dera anil errs ut 8 ot ul fr hp ees tml FPL ancl ntl igen Commercial Bank of Dubai PSC Notes the consoled faci stares (eosin) 3 SIGNIFICANT ACCOUNTING POLICIES ( Dera nc iseumens (oni) (0 tat ant sneeze. ete somal cou of bases, te ir val fa deacon Ht rcpaton is the ama pe chen toil rg, een fan iste a el i vlc. F alae solo yes gut mar pa nate mara, ry ing alongs whe he okve me 9 mare vale aid ei) of rratve fac nan oi in ter Tout Wiles te eceine mark ut see eal re of dave franc Fame Ile iter abi (i) ai dle non mene “Te ein or los om dot aol lexus cael at Held fr ting re akon the sinaet) edging instrament ‘spat tant an ay anaes be Gp deen x heing prs. {ihe dere dpa ar eles hers lit thom ste + frogs wich beth cage inter ae of recog caer ‘Suh aw nde wnch dpe esr vasa a hyp awe sh ws BUA & Tidp cating ic apd drives spate feng nt et rae roth fw ge oral ctlcin eet edge ccuning 1 Hed decumetation ‘tthe inspn oft, eal dsm of Maas eonaip ast be essed. The ge ‘conse pepe ate mtn of thea tle ein oe loin: + TheGrup'srataeaguman cette sd ener aig ble ‘The nmur ofa ng es tenn oti helped anh eg ens at "the Gop il st ftom heb ions onan ongoing ss (8 Hae ieee ‘Thee repre gly tne but fh flowing soni ree + Athen ibe ed in sit ey he es aged ob gly ten fctng ‘Bechagrn fa vase ah Aw fe henge ihcoespnting rs he eet Fk «Th oe oft flees eg hin aang of 801 125 eat. ln-ce of oath fw eds, romerve age coven x asd by mating he cite ens af egg ees beds oe (Fats a ‘The cargr he i ale of eats tat are dss if wae ep insane i (09 Casi is “he ffeive pore of hangs i ef vae of eee: tare deg aed guy cu ow ee np a OC ay uno se val retin a ctv por I epi ‘Sf the naa come see ‘Commercial Bank of Dubai PSC Notes tothe consol Fanci sntermentsComtns) 13 SIGNIFICANT ACCOUNTING POLICIES centnad) © Medgngiastruments (stint) (0 contac ae ssn: “he hg sang edi when ang rumen cps esl wen eo ge she et fo eg sesuning A ptf ne, eslave gino Toss onthe bing ‘ve When fret atin eo longer eid cer cumulant Wa ep ‘Gower campense icone matty asters a Oe cna cae een (0) tds a anit so bd scouring Forbes tt otal orbs sung, ny gloss sng ro hanger a of ‘he hie nanan ey he cose coe set the Bod 4) Dae rom banks ‘Aouad es ans ens ep ot fie nd sae mea tanec et ese (0) Loanan advances and oui ening Ls al aancs a ieily eae ta alu yantonl det anand sequny ‘ra attest so wing eens net mba, ecap when be Grup coos oy he ‘nv an advance ough rotor oe, Inline conventions ng ots th Gro fe i cnr ei anc Fancing rod ‘hich pone ty Soe Seperanry Boar amie Peng sso Oe wing uta ‘An agrrmet whety te Grp S86 ner, comma ot aie a). which he Gp as cas! qe, Nd oe promi reed fom the cst xO cs song pes mead sons The sling re sop sof he Bett and an ped oe ‘rin nce rgd on an cab at achalce whe esl a Toe et one of he mt wich he lop Laman) cos ce prei p eses (La) ‘st had a poise se tht fr a asc ot linet ic en ‘nce hoary oft ate tine ara i Baal Mand [ist wry the Group an a nomer crite ein energie aon 2 ising ‘Sngcnant coding op wh susan ye cn he fl ownersip. The p's stare pt ie ‘rumen se hewn oth pre whe be ese poo the shes 0 cal he Etanic Fomcng pc ei nae a la an agunty mee snes {sie eee ot mai le aey mnt rie vans fr SoA cnt and need “he ctv pie tei ht ay Scouse ae cash om Brough he expects of ‘eal tor ay Commercial Bank of Dubai PSC Notsto the conoid fei statement (cosine) 3. SIGNIFICANT ACCOUNTING POLICES (cntiued) 9 lnvestmet propre a cad el fre The Grup tld cin proper rhc wl a eo The eed Oo nad oe ot ‘empath ben csi nein popes hese proper re eas al inating easton css. Te crag amount codes eet ol epcisprtaf ing vt opr a he ine at nt nore he enter arta esr he cont of Sey ‘vim tn veto propery Sibrquat ial mopiten wv ropes oe ot ‘ysl dooce an canal ingame Drie hadi ee mati we el e Esndd o Inseam pope desoil whn ede ty ave endo of when meet poy {it pemamey whee Sem te nn te comic ea enpse fn ts opal Ay ot Ise onthe spa ofan sont pope een neces oe seme {iter nme ate yf cee or dpe “Trastos re maie oven rope. eal wh he changin ee evi by ening of cneraupain,commencomen of a opting lose of tot part of wing of castvton oF Trt ae mde fom ncenent rperieswhe and ony whe hes chng nae evidenced by ‘ommenconet ef onneracspt, Finca hough alannah da tough cnn Th codon ol m0 ‘on esas Hh bean tant ie rnin pre onion marae scone othe land he le expand ane ben comple wits one yea fo he of seen, 1) Property an equine Pope a ete sate tat sacar ipsa ses ee fe gate ‘trop an ape: end the aig vl tee as pba at ete soars ‘elengevgnss of rope al equipo eee thecal ae Semen ee The nor sun dps fn temo proper a eqns deen ty comping he roses om pl decom amitf he temo pe Tee ae eon Forts asp ipa he aig amount a he sos cath eet wl (CG) ext inrecveblseunt The inpaimens et renga cnt! coe rere. ‘Teast popry an eel ethan fl and a cal rk prowes eesaed slag ‘testi neti on elongated fle ins aoe Feitequpmentandvchider 30S yems Dereon mth, wf ies a esa aes me ese a ih epg dt and propel ‘shed apropie ipod west progr ily rece cos, td ipo colon i ana oe apopite ‘Ste of opr en esi nd re depreciate wish Orn oe Commersial Bank of Dubai PSC ‘Note tothecomolidated anil statements coins) 43 SIGNIFICANT ACCOUNTING FO! 1 cnn) 1) Duet asl, Notes mei erm oreo ‘Aunt oe bn, nd mam er Rong we iy menue vee ps east ‘Sind senuenty mre ane tag th eae ont th 1 Neprease ere ‘Whe he Gop le ans set snl ern aren eps the st Tne ps on fr ie he gem ror fora er ong Spending on pti ie ‘reer nthe usersng cots te soe in th ots ial ne 1) Comer deposits and ni Cusomer depts ast depts iy engin a val, big he ef tecnica ine. Ase ‘a sea aps nue nsec! amie eat wing the ele nee thd ‘moras ot eed by aig cnt ay son 68 ta ae ey atu he ‘ion ei a usame eo, Thea cso depois ae resi eting in flowing of ements Mot [mages een he Go and ind py why ane pry wou rove cain ano of fs hihi eer ary (Made Ul ten eins pie seo aps pee a the ot Te Moh woud tear he neve of Sets lips a natn of ny the es a ‘Maal ‘ho atoment hee roy an hi pay whey eve pty Maal) poi ein aunt fs ‘ih oer ny (Wa) one cng the toms and ones of Wl inet fo aceain {Eb The Wal odpm de veil mt ce Beta peso ain of yf ‘Sand oma Wala ic mer deo ily etre i le pla anstin es an bss mee at thor oie ot ing eee profit etd 1 Protons | provision resp fa ss of pee he Group has eet el consuve gon ‘alan esos yey nl pate ome ent wl eee sete he lpton Povo re cre Uso het ites ws at tat ele cent 1) Employ termina bent an eg-erm incentive srangemets Pros sade fe amounts abe vde th UAE Fete! Lato Lew applabl oon UAE non eimulusl pede of soe ae mpring The Crop ps Hs crus In resp of UAE tiated GCC ces uth UAE Pan nd Sol Scr L The pent val fhe boss ded ons mer ffs th oe deerined on acti bass ‘igs mmber fasts wich od uae no ie to Scout Any atl as oF set ‘recon ugh ober compere eee fo 1 anny 200th rou ee ong term nine plane pla) Une span ‘Slay employer ple fran nent he ofng acting pan he Goa peace ‘ison svar ic. The vad the percentage of Oe st ry fhe ihe ey eployes. The sy eich se alan allowance, aoa lose nd ont of ng aware a atthe ete da. The ‘lation towards th pln fe ssa he pra when heey anployes ae ge fr sch ami in ‘eon ite pn Commercial Bank of Dubai PSC ‘Noe tothe cna anc sateen cond) 1) Share xpi ‘he Group clases capil naomi Hl! aie itso’ in sconce wt he ‘Suances om of he ramen. cements etl aba othe hse of a ois nsumen re dec om th oa rene he ee anon. 1 Did om adn shares ‘iin ppb nay hres ae onda ati pv a we hy prove the 9 oneing Fini stand Hai fit tet an eon ine Steet offal pon ‘thon od ely ve the Oop hale crcl ih tse he roped sown an nes ‘Shore cnt et srt le tan eee ay anos. Ince expen eres ont ison wh mid der IFRS. or of ins a loss aig From rout sins ston sh i roading Forth paper thc eth ow somes ah an cs ives xs of hon hand and enor wath he Cena an exading ary eve fd ere dc om ad 1 bs wih ‘sl sy sha oe noth Case eens eerie more com nthe tenet Pani postion 4) Reve ecg (9 terete dss Inst cme nd expanse al intra bing en isrumets exe fr hse id a el fr {hinge ep a rac oup rotor, reece est ic” ares pre ‘tie tonobea soe sameton a sero ts igh sv ret tr fe Gael a of nana niles och ty cae ret nome wd expewe e all nse sied w Bold Ivano dso it sae hrsgh pools sob tang came ‘asl str hilly hou tpl io whe eon bone ood tent ash Sieur ofthe fsa sto ian The seiner ees on tal resgison a ‘heft ail angi eis bse Wa aang ete net te he Gow nats cn vs consi lcm ems of he uc une, bo fare cet me The econ nce ams uo weed by ‘rupee a cp pu of te fe not tig sco ose nl th Pema ot Income fom nic Fs eee inthe como Inowe stent sng eet po ‘te ‘The eal fh ftp ne nas ls ldo reed macnn an ce oF femme tha ov aged fhe ae pra re. Trmton Coss we eee es at ‘Gey salen esos Se rds of alm Diaibaono dps (sane pac) aed arn te Gros an proce and is toorve yh Group's Shr Servs Ro ‘Commercial Bank of Dubai PSC ites tothe consolidated inca stmt Cowon) 3 SIGMFICANT ACCOUNTING POLICIES (cn 1) Reve reegsiton conte) (i) Fees and commision Fes ant commis ace and epee neal he efter on Hcl aso (bef comision one ee fom he povison sve ue spas seven. an whe eset ween ora tne proprio sas psa, (0) cme fo memes evi fom ven tela rh poi orl asa ses slg Hom {open td om tar whan of ch inven te spd when hy ese Ga ring om ‘Sea of APS ives ae sla ptr shen ry aca Ca esuling om vain we ‘sca nO i aon whch wl eee rors, (9 Proper ame Proper ie coos lds el ene, wc apie ve el ie ase tem fe (9 Died ace Dien ns seg he he Goer te pants sbi (9 Sar ofan sel ‘Shr of rok mole eect Grate of te oo opons of be soc ony furtenceais For ey tomas ae eda wah of cane ala the ae de of he scons ‘Moosary mts aa bi termined Ie fren caren te epg Je Which re sed ‘ior co ne ate ir ech lng te oon asta bliss enon in righ care, whi ae sted tel cow ae “rue at he sign nage ae ing a he dea he omc. Noman) as aes ‘Sorin novi coveces teste vlc raed o AED te en cag as a) Forvar forson exclng onc ae as ny AED a mae: of xchange ing te poring fe Foun esp ditoenos asin nan we ergot de oso ce aenen ‘The Gop hs exer ns eng rings wb aad on te rtf he ema condone ‘sing angen ot sn cid aperaing se. Les west opera es kad towed ince onan ofc te net ew ene, Sree: ‘Ase sled oprng ea sein te ernst of Sani potion acing to ‘Si nbs em Sromatiesse. Les ayes uno ns eget xp on ain bs oe fe em. “The ep ove weh management soos o mans lo wt: Teese el he Group's ‘se ade ved ao he con he pry fds ete ses he tnd and su, ‘Those wets and acme ang fom thse sts ae Snel inte Gra’ cooled franca ‘ova ian eosin omer se ass le wah cle ‘Commercial Bank of Dubai PSC Note othe contd fran steers (coated) {SIGNIFICANT ACCOUNTING POLICIES (omiued) 1) Fnac pearance tote eri core of uit Group gee Sava gurat, casning fetes of re and ‘ror ner gros al fon! he Saal nso a valeting the ‘eyed Silsoen sa eget Gro abl der ch urn sews a Be Figo the scout italy pnd es live amoral conoise ame {Sten an et int fant eed osetia weal ean ais ars of he ‘rae 1) Acepanes ‘csp tie when Rsk ero ign mk ayes apis cues dn ue eter ‘terse Acspences sith amt of money, a epoch te payee Ae Secopace he iene teamer an snl aiiy ie ta) of ie Bu and rte ‘oozed asa tunel Hay othe cmd tenet of init pen ih aconemnig ontecalgt of inatene! oe omer epi! ma nal ‘Aseyanes have brn camden wii he wpe of IAS 39 ~ Fine Ise: Recogsion a ‘te Seth tt ym de of Sal i oh ‘Scopus hve hc acne nals Sac aie +) Devas produc pee Fara conan eens Str yo pci nny, sanyo anal ses ogi ce sd do ne fue: Forwavs ind cars rnin horse sour ‘rape ae onal cons boween i area ects est fg caren dierent st ‘psi nota sun For net rac saps cuter erly change fd a tinge ‘nhc ppm ocd noel al singles ar cueneysap the ering anes ‘tng in fee came ‘pts wr aaron ht can he gt at othe pan ier by rl ace ‘owe cml or ui narment ts Ret proce 2 ed a lot any tie wi 1. Dera elated rei risk ‘Gre i inept of dre Fins nomen a fo te pola cattery of on {conc onan int te ponte a ae of ramen ue vol fo Croup {npc are feos The ery he ar ale vor contac and etree) 1, Derive Held ord for tang prpees Now a he Gos doave rang atc rote w ae pon coverage Sales ates oe {Mfg podic enim comeing ps aro ble em tae, dior ae ce Indexed is Imes derivate rig econ nr Baad pprovl ‘erates a tiny soi these anil tne 1 ie valu, he eo ‘esp. Subst ol coon drat hl gate messed i ale wit it ‘er cbrgssspasn nh comet incon atone 1) Earning per eae “The Group rots tes ted casings per tre (EPS) da or bs okiney sues. Basle PS is ‘Sholay ng ioral ody sarod oth Buk ye weed eg ‘sere osnay shes aig rng he yar Died EFS ody ating he rt or Ws ‘re ony shoes an he weed average nb of ody saws onsen fr ‘Soc fl ae etal oxy Shas Commercial Bank of Dubai PSC ‘Neto conslidsted fil semen Comin) SIGNIFICANT ACCOUNTING POLICIES conte 2) Sepmeat eeertog ‘Aa open epnet is «coupe oh Gow ha aes aes anes om which mye ‘her conposets, ae opening eh ae rviend rely tye Duss Cone of he Crag ‘mae eco shut eres alld i he pment aed ess performance fr whlch itt Trac inomosion seal Sept su hat we toed «he Basis Commie of be Gey 19 Relate Parts Ave is eased ea party of be Grp «)Aposonoeacse mnt ftha pesos ay lad he Gop ha yess 4. espe nln ver be Go oF Tis ment of heey memgenet personel of te Grup by Anetra Grp a of heaving cnn pbs 1 fae te Gye men ft oop (his ns a Ah Pr ‘bi nl elon nhl eer nec ron aati arf he her ny fran ater jit etc mene sup of wht oer en ro ment). ‘i Bo nese it ene oe soe hie pay 5 One ens jer ere ety ad the other iyi ansehen ety 1 Thc conasor nly cool bys psn eri in “Aono end n (0 basi inns oer he ery eiememter ey trast psn of (of apr ee). (ter va esto dike nt 31, he Gop sre Mo tsctons wih herGorenent i Insc wth xenon vie ate rave AS 24th Ecos with Shh eat [Coven ent et olen ein igen snot be cha in 31 2) Ipirment omnia 5 [Ake sd ofeach reporing ere Grp eviews the crying amon of he otf ses remite whee thee ty eine tat ose ass hve su a ipa bs 1 ay sch ‘Spain ia Whew is ot oie weit te sve anc a an nl he Gio ssc he rsoveie sot of Se easvaseaing wns och the stat Beas Whee = ‘cose al comstet haf alain canbe Moles. irae tes aso alloted fo a ‘e-news o serse heated oth malo papa genta fr ch x Recover fae sss ol avast. the sve ama ofa {aor eubrgeating inetd een scan es te ing mount of eset ot sng) fetal eoveble ams. Ae ple os epi Imei fe olde ene tne ‘Where an ingeinen lm stseaey revere he ering sou ofthe to eng ei 6 Inset othe evens i rveabie anny, btn ha enced ying ut ce at ‘oct te crying tnset at old ne ben ee ano ngs be eager ie ‘et [or srgeresing ii Top ers A reveal fo ime recogni nei 5) Uso etna: ‘The prin ofthe cone fastens es manapaes emake cated uns tae eucsion of wecunting poer rd portlets wel ables, fad xpos ‘Stenostints re nsession suv es oling varying dears ent Sn uncer sl nar hardier, eating in changes no oes ‘Commercial Bank of Dubai PSC ‘Note to he contd fini steer comin) 2 SIGNIFICANT ACCOUNTING POLICIES (continued) 1) Use festa ad jg onus) ‘pra onidesbe magento ire in pet the allowing te ‘The Group revs ts or pie oases ingen ack otto deeming weer a ‘paiment old he ese he cml! Pe tne. he Gra Makes jg eter he ay ebsenaie wa inning tthe a emcee fe exe Ke ea ‘This dence may inde able dating ht ere has esnan ar hag in te pape a Down. Minne wes evntes to on sores experone fr ses wi oe ik chass fn bate eee of ipurnentsar fe i th poola when singe cath fos (Goong re xt creases he have ye ten tro The mel ad mp ed ewes sess nae sexe Hedman scones ‘The Group flows te aioe of IAS 39 in csibng neva fos ses WHO Hed ot cera payments fd marty helt Th cate eae i eet In ing hs pment he Gop eva neon a sity eld mh vee ory Hi ‘Group alae nae nents omy hn fr te pee ease cape alg ‘engi sat ne mtr it be requ ori he oie oso sabes ‘Theimreoments wold het be mene ural st aera co “nee fates same, ‘The Group doug tt bees out isin eine en Gres esgic ot oaeed dana fr ae lw i ne This ination wht iene poet ees Jaleo ating isda the Group castes aman te othe mr ey ah pce Inada. gainer mo be eet en re evo Seon nth fail ba fs ‘vse ny ster parma charen cor operon! nd ann ch De note an ata se “The Grp mea cach rep de whet he nnn finan mse ay be np, any indo eas, or hen sal inant sing for 9 wet ged te Go esis the ‘rove anon teaver amo ee igh oan a'r COU’ sa es 0 Sclundar sabe ‘fering i ve kss cos To sl my ooqitevolaon fos sed. These eakulos oe tacos eGo mma mam meh min aS ied a Sy mr nts ht may ct lat Sb on te Ban ality one se agnor. Three nl tame ones erp oh ingen ass Commercial Bank of Dubai PSC Notes te consoled acl ste comin) 3 SIGNIFICANT ACCOUNTING POLICIES oan) sy Standard and interpretation ‘sata et fc scom ro bexont naa 2017 148 7 Sita fe foes “odie oon dso eee need w ies iso concer as eae ae ‘nebo nse manaponent of a en's niga Tou dics of mao bing sos tale crs nies rng Fo facing + Soot prone api oma fr Gone bot ees ht ca al beet ty eo apie ari set hat age bts sng om Teen bt ‘ie nef or sounds enon rater Jars 2018 ‘nly 20 TASB sc TRS ian Irs (RS 9), which ope AS 39 Fen somes: ‘Recon and Meaneenen (AS 9) IFRS 9 ees new a fe nl tunes esos ‘nd mesure impotent vith amor ep cots pare path) ad al cca [esfecve ral pas bpning oo afr # aay 2018 ‘The Grup dor tee rest compres ol piso of RS 999 ary 2018 Dience {nari sure of an ta fms abil esting ne aS of RS 9 ml Be 1.Gastigaion and Meant Foetincl ants RS es ht sii teed esr ood The sandra tbe Grp ‘coi wing te primey msuement cages (amore cost {i le hgh ter compere iso (Can (iy fae trough poland oe ‘Thea ofan depend te Grays sie del a srr eat ow charac "purr ani ase. The Gopal meee Hcl se tr ave rep peo fs (FVPL) {os ey acid cide os memed amoral nor enema i ae ugh C1 (VOC, ‘A ani sti mene amis’ cos iit es hf elon soon: Shell ihe a bane nol wise beth i alata ot otal sh DO mrss ge be ede cash Mow hse ly met rad ines {spt cote penal moun ost. A Sanit srl ale gh OCI VOCH Ft ea th fe lowing nos: ‘ivi wt abn ease nose cle lsc by th leg cna ear lows at 2slng ae ct "actors! ie ison ps aes th we hat te ley ppm of ipl and itt Sethe pei anno In ation, il emp te Grup ayia signe a facet ha cherie me the ‘ete an asin mann at wi era, Egat semen ae mere FVPL Hoe he Group ni rion of nei vee tat tbl fr wating. reso lw ps ako emg inn alae OCI ih mo “suet costing pated fee whe coping den eae in oh so owe Tis coat oie onan nvm vetne ai Forfa! bies, te ween chang cision an maureen cet fr resin of Chepuin om cet vik mor cnprsve ce, isis Sena va, otgs pm or Commercial Bank of Dubai PSC ost be consisted asl statement cota) 3. SIGMPICANT ACCOUNTING POLICIES (catined) a Standards nd eter (tine) eet tel fascia sas esl afr Januar 2818 continued. {TERS 9- Flaca iesumens (comin) 2 fopatnes {FR 9 noc snl npn mde hich wil ite Grp gine ea nc {CL bl on wb raring intra al ani seceding fon os a et ‘eerie ened tama ot FOC The ECL mods enna thee sage arin which teseon he sage in Cet guy offic ss Sie ini eogsoe. The LCI orl olga ees he i fens supose cat of fe oon ven ine erin of snare in ck sal cc TFRS 9 ries the Gro demise wbter te rt ko fala! sno stent sen espinal a guinea gta ecient. Wi he xeon of pushed or rind eet pled faces ECL seed on he sof ‘hesge ow suet gr Sag I Stage 2a Si Sage Fn! orem i wich tsi tno inetd sic sme inal sogston ‘hosted ne 1 IFRS 9 oer mpi of 12th ECL (hep cd er fom ta ‘sem fa we eget wt 12 mm porting dat) fetes ms Sncy nese ome ‘etrecenion Sop? Fence fr which he Group ets at he cet rs as ince iia sc na repo a citi sage 2. This scent i erred oh una ad ive Ss ‘Quien nd on chaps ring pre terete enon te sd erting Sa, ‘isomer ech seme an the rete i: Qin Sonate ao eb dtc Sli incre In ett rik Exgaes bk ae sore Sen 3 gs pst deme cio he ‘ected ian out gay and cane nape xg tt Jena pone a ‘cet uli sso big sing ape? a conse fe caseion ack sap on he ‘omar isa thy ger net heer ig tee eh, sage 3 ori cr ind a Sage 3 ware the Gop aie bene vn ht aca at ‘Sel ingied Ther of sch abjcte evince i sia thes ing crea he Gop unter ae: 18 39 impact weedy. When ferace rs be dcop fhe i a, thee on il te afd gina rah np, Ose an rgd tens ane we stored Hm ot ofS th onan eco eine num iin re nC isk ‘Amen pict ness net wl be permed tt amt fr cach nln xpos Teton oe get ices nc a bend Bo moot ct ages rete wo i esopion,Quliaive ews aes presses nag ve dae ‘usin sessayoBeteefle h psios vi he sige fare nk Fan i ht hs esa 3d ust dor ae come Rae operand iit nate rsh Denia af sil and se. impacts ‘The defen of dei rth pros a deeming exe ro bss slp he Rar Cop ngas avast treme aris sans ame tana Sees panes o sasusan anos Deets : : 2 tse eae Casement . 2} ama amine eee = samsor msi Devrthdcosepunes : FL kaos aasaass seria sie ‘esa nase Stone abies SE eee ‘recat nel tan Tait (at late tae re sie ‘ae ret a abe Commercial Bank of Dubsi PSC ‘Notes tthe consaiated ancl semen oti) 4 FINANCIAL ASSES AND LIABILITIES cote) 462 Paine mensrement— Fev earch ‘heh tb swe recy fe uci ane nde cal abies ett tet Lats Te seven Anon seo we AES Rida od wie RSet grams : Te eg a Te theme mt ie Ot een whet woe ° " ape natveoterd ‘oye cca ocr "ng Sm ego aie Te ate 2 fem San Gees, tad rca ow ee dims has) ce, "ic aententoonowines aan emt tatty TC anv AnD AED WD AEDT ARDS 2a fone wg agg tga lads vier Sine Pie eeedesartis nan 87 Synth na olive mt eft ‘Seen cchaye cnr er eat, - ae oy HE er hae 5 > Re ie Hes reas ee tte 5 soo "Soar Soren rig - om a iam 1 re ge es 2 “Gut “ins, te rx ol 3 Gy tsp ‘oes dmanwmbonoles 35551) QMS) = G15 _ ago Se Gas —— Tanti Ea sng he yer he war mo tie meen Level and Level? athe fi alu ley ate ano Free isons ts sed wi eve! 3 he i ae ley an ie ig the cae ce Por se Fre, thse cn no change he aon ig i ela olson of asi nora suing cer pe. Commercial Bank of Dubai PSC ‘Noes te consolidated ancl sateen (conned ‘5 CASILAND BALANCES WITH CENTRAL BANK swgis sisi canon and aes sh Cem Bank DAE ‘lew asc as fessor ris208 Sty rsees sonass 247806 {Negi eee of emt amon _ 200000, gs — eT os ‘Sty eerie ot tl fr nin i rs ay ps not ew wont the apa ofthe Coan Rak The eel of ane oe cages pera arc wi ‘Cure un demand pose roeerns—_siease ‘von aad ho mice sores 2636461 net Banks sana “Sass suis “Teplice i clin et 38 ‘Commercial Bank of Dubai PSC ‘ote whe consoled anil semen Coins) 17 LOANS AND ADVANCES AND ISLAMIC FINANCING “Tnecomoson te has aliasing ef ia ll: rou mis Loans and advances agp As0000 Oven sous iene Hinsis 2482 (Gree ees nod src Biante WHITE Sarah Toa aysoses nuns thn uae 21463 oer gest ast 705 Gr ami ning Fass Sint BAAS fa)Gisis00) ans 19a "he moves alone ringlets flows Interest Specie Catlestne suspended provsinns —prviens Total Opening alnce | Senary 2917 Seat 1s008 st300 Tees na cog new poles asd piss “Gules “Sser tas ees Went ange meer) = T6368 Tatra Specie Callethe| “seo "AEDw0 "ARNO AEDom pening talanetSouary 2016 Sean aise) ‘Sani 2areaas Ins reg ne poo ad gion ‘Sem “sn “574350 Weert Gian msm. caw esr / ee name etic) “Gens 1875) (Ching bate December 2016 Sis ate FST IST ‘The comic ea composton fc el ava lan ancien te 38 Dass year endl 31 Deemer 207 te Rk ie pope, ing ava of AED ‘rs ile, wins yt steno See The le operas "el and ave ‘een tuner "erste poe au insti of 2 (oe 1), The Goa as ged he ‘iro erin fd a fue ad dane nce Tae ing ae f Ds os 2 ‘anes a Ione aig AED 271 milion QOIGAED 295 min). Net pose ftv of he teed conponet AED 1931 howl 16 negate sau of AED 18 Bowne. ‘Commercial Bank of Dubai PSC eth cnslited fn sateen Comins) Ano ation |“SeDwe ARO an ator rating Pedr voces “ovens nse sor att 0 Avaibeforste ie z siase dots ma ig siss “ovens some ase ssT9416 Loner ous anus Ping to prc sect to “hs “hess Fen epee series san was ge “etalon serie jee “Gverment : a . Cone : : : "ews tas haga Ft finds a eo “Givens 236608 Tome wate aassH9 conse Tuas ines — Sw 3389910 Fost eaves sees tsi sine as ‘Paedrtromatveranet scaics pongo 3.63 S208 “ott levee secures SCTE TE lee in sles lester sa aunt of AED 1.99 ion (2016; ABD 13992 illo pt une repre rene ith ks 1) “There ceri AFS sos whch va signin plage eins in i ith i a ome {ethiss hi etelnanipmentos of AD 23 ilo (116: AED 82 iin ‘31 Doster 2017 ef HIM ect AED 133. ifn (2016: AD 3479 alo The fate reel evel be al racy Commercial Bank of Dubai PSC Notes to he consolidated fei semen (cuted) 8 INVESTMENT SECURITIES (ontinued) SAPS dbesecarier ‘The nw le sows thet of dso epee anpDO0 fated Aso Aad sassasy 1201308 aedAT Ww AS heen ese ate Bas oes Haast 221360 blow fd er Uae -Goerment Mauss (atesee alow Hae Sova “ss eos TS ‘The atovererso proved ing fo Eel Cut Asem ns (ECA pe st ar 12 Pando nde vestments ‘hs opens iin lol depos manage fh A pt ofthe Go's aay of {Seong hl Tse nese ae ail net tact ale provid y he rape ak 9 INVESTMENT IN AN ASSOCIATE uty acuning ws pti wing mage ifort ula he ef the eed spa tn susomc chong nt conse mai. Te follwing be ees fal noon he Amnon —asoai0 ane taasue 1261276 es ‘isis ‘7028 Reve ‘39a “26761 arpew — AnO00 0 aay na eamn9 Share posto aac eos) “Sane Dang ssved 6.96862 Shreo Dre emi of sie 20) “Go ones 5 aon, [ST esate mag thes essen Ban's tof assets vere rcp ie de cay apt of ew near rua conpanes 2013 Commercial Bank of Dubai PSC Notes he consol Snel sees (cat) Fert ret 3! Date 217 1 INVESTENT PROPERTIES ‘he moremet i oes ropes ring pears flows a 016 Aepem —ASDON asses. — 50 wes ae ati aary my war Charge rey aay 9817 Diposls ean leet me ‘svat December T3301 etbeskraue ~ Invert prope cis Wiles, Rell nae om inset oper eed ne pean Ion eos mather come AED 368 ion O16: AEDS alin) opr, The van scare ott poesia vars we oi eos and reve rote {fuliionon sl ne rest ees in ton aay of mene ropes Bing a $e vier nee halon oe (vetmen mathe aun. To vole he nein pepe he seal el ile a Thien nl oie mh ‘Gace sing» sated cash Now apoac a's mast spite Sscu a Any lift Inova nthe supose fo fr akan fname sch al etl owt ‘eto rar cece feel Sic Tower ihr i ae of hee Fale oe of ‘hesoet proper reps 3 ne 2) Be a vale Nery, Ase hears npn eine Gnphs ted an ington of AED 378 lin GH ALD ht a a aed ‘Stiscoanla came stead cid nguoen allan on sin pO tn June 207 se Grau las ven prop cost of AED S44 won teres a ied {Cool nk UAE npamet of ED 349 milion 216: AED 121 win) ws so ose acing. ‘esr cnprav ances pring ac opr ine as en else ora Tse opr ere ace ihe setae ts 9203 a 206 ‘Commercial Bank of Dubai PSC ‘Noes tote conoiated ancl statements (ote) 11 PROPERTY AND ROUUPMENT fund aed—inprve- eum Inproress tings "ens vhs CWP) Taal AEDS AED “AEDWE —AEDWO —AED‘O Nanay 2007 sis Sok LS Shae ‘sion ring eae taint nants Sasa RTH Taner fom CMP aim ato any Dion Seas ars naam Ae esate 2017 Tie Eat Kata co ana 007 Isiioe srg anes - asa hag ee Sass SSIS Mas err Onion di aezan stam, NH Baxmte 217 iis ase NI Deer 207 a a a Lecold Frnitre, Capa work improve equipment ie popes Imes Aehides(CWIP) Ta Aeb'ow “AEDOO — AEDW — AEDIO cou [A Janey 2016 ana snast 2 aon ‘adios ing ear sae “mas stow onti2 Santer om CP aan da Dagens ian san sy resent 2016 z Sar sas ans Deprecatan ‘et aay 016 x93 36643 21900 = s6506 Charge they vat Sue an ar] Gnatpos det, en eis == eee indaon of mparen ‘je 31Desie 216, boa and ling cae he mae a a of lind raed oe ‘Gon bythe Goce Da sn 198 stale marr on date go ote 73. Dring the parent 31 Dobe 207 the ed has Bast svt fe The eae eso ‘eorovaehne eon el dng he erent 31 Deer 27 ‘Commercial Bank of Dubai PSC Noteto the conolted fail sateen Comin’) tre ese ‘esr canta preps Proper cad neta 2 1) Poti mk one ar of eras) 15 DUETOMANKs: Soriom orang: 1M CUSTOMER DEPOSTTS AND ISLAMIC CUSTOMER DEPOSITS Cute depts Seve enone Time sepsis. Cart an ead ets “otal eatomer depose and Itami custome epost Byer Coperse Perma AED ARDUOO sassa 202390 ‘9 “Sopa maser 1268 ‘oer 77330, 1 5935 air mi6 AEDs AEDNN mssoe _a9sais Sse 15583

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