Agricultural Bank of China Limited (SEHK:1288) > Financials > Income Statement

In Millions of the reported currency, except per share items. Template: Bank   Restatement: Latest Filings
Period Type: Annual   Order: Latest on Right
Currency: Reported Currency   Conversion: Historical
Units: S&P Capital IQ (Defaul   Decimals: Capital IQ (Default)
Source: Capital IQ & Proprietar  

Income Statement
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2016 Dec-31-2017 Dec-31-2018 Dec-31-2019 Dec-31-2020 Mar-31-2021
Currency CNY CNY CNY CNY CNY CNY

Interest Income On Loans 657,190.0 713,699.0 784,724.0 873,140.0 930,932.0 945,084.0

Total Interest Income 657,190.0 713,699.0 784,724.0 873,140.0 930,932.0 945,084.0
Interest On Deposits 259,086.0 271,769.0 306,964.0 372,270.0 385,853.0 393,641.0
Total Interest Expense 259,086.0 271,769.0 306,964.0 372,270.0 385,853.0 393,641.0
Net Interest Income 398,104.0 441,930.0 477,760.0 500,870.0 545,079.0 551,443.0

Income From Trading Activities 5,457.0 (8,829.0) 16,069.0 19,067.0 16,405.0 19,342.0
Gain (Loss) On Sale Of Assets (Rev) 285.0 850.0 1,104.0 1,017.0 1,172.0 1,172.0
Gain on Sale of Invest. & Secur (Rev) 937.0 (3,108.0) 8,490.0 5,793.0 (7,311.0) (11,147.0)
Total Other Non-Interest Income 105,345.0 112,055.0 99,134.0 102,603.0 103,987.0 106,106.0
Non-Oper. Income (Exp.) - - - - - -
Total Non Interest Income 112,024.0 100,968.0 124,797.0 128,480.0 114,253.0 115,473.0
Revenue Before Loan Losses 510,128.0 542,898.0 602,557.0 629,350.0 659,332.0 666,916.0

Provision For Loan Losses 86,445.0 98,065.0 136,647.0 138,605.0 164,699.0 170,081.0
Total Revenue 423,683.0 444,833.0 465,910.0 490,745.0 494,633.0 496,835.0

Salaries and Other Empl. Benefits 111,777.0 113,762.0 123,357.0 124,206.0 123,340.0 123,340.0
Amort. of Goodwill & Intang. Assets - - - - - -
Occupancy Expense 19,037.0 18,279.0 16,413.0 18,711.0 19,551.0 19,551.0
Selling General & Admin Exp., Total 44,440.0 45,024.0 47,173.0 48,246.0 49,452.0 49,452.0
(Income)/Loss from Affiliates 9.0 (14.0) 22.0 (45.0) (518.0) (750.0)
Total Other Non-Interest Expense 22,036.0 28,126.0 27,014.0 32,990.0 37,753.0 40,744.0
Total Non-Interest Expense 197,299.0 205,177.0 213,979.0 224,108.0 229,578.0 232,337.0
 EBT Excl. Unusual Items 226,384.0 239,656.0 251,931.0 266,637.0 265,055.0 264,498.0

Restructuring Charges 241.0 (77.0) (257.0) (61.0) (5.0) (5.0)

Impairment of Goodwill - - - - - -
Asset Writedown (1.0) (101.0) - - - -
Other Unusual Items - - - - - -
EBT Incl. Unusual Items 226,624.0 239,478.0 251,674.0 266,576.0 265,050.0 264,493.0

Income Tax Expense 42,564.0 46,345.0 49,043.0 53,652.0 48,650.0 46,270.0

Earnings from Cont. Ops. 184,060.0 193,133.0 202,631.0 212,924.0 216,400.0 218,223.0

Earnings of Discontinued Ops. - - - - - -

Extraord. Item & Account. Change - - - - - -
Net Income to Company 184,060.0 193,133.0 202,631.0 212,924.0 216,400.0 218,223.0

Minority Int. in Earnings (119.0) (171.0) 152.0 (826.0) (475.0) (624.0)

Net Income 183,941.0 192,962.0 202,783.0 212,098.0 215,925.0 217,599.0

Pref. Dividends and Other Adj. 4,600.0 4,600.0 4,600.0 4,600.0 9,530.0 9,530.0

NI to Common Incl Extra Items 179,341.0 188,362.0 198,183.0 207,498.0 206,395.0 208,069.0
NI to Common Excl. Extra Items 179,341.0 188,362.0 198,183.0 207,498.0 206,395.0 208,069.0

Per Share Items

Basic EPS 0.55 0.58 0.59 0.59 0.59 0.59
Basic EPS Excl. Extra Items 0.55 0.58 0.59 0.59 0.59 0.59
Weighted Avg. Basic Shares Out. 324,794.0 324,794.0 337,423.0 349,983.0 349,983.0 352,308.0

Diluted EPS 0.55 0.58 0.59 0.59 0.59 0.59

Diluted EPS Excl. Extra Items 0.55 0.58 0.59 0.59 0.59 0.59
Weighted Avg. Diluted Shares Out. 326,074.5 324,794.0 337,423.0 349,983.0 349,983.0 352,308.0

Normalized Basic EPS 0.44 0.46 0.47 0.47 0.47 0.47

Normalized Diluted EPS 0.43 0.46 0.47 0.47 0.47 0.47

Dividends per Share 0.17 0.18 0.17 0.18 0.19 0.19

Payout Ratio % 32.0% 31.0% 30.8% 30.9% 33.9% 33.5%
Shares per Depository Receipt 25.0 25.0 25.0 25.0 25.0 25.0
Supplemental Items
Effective Tax Rate % 18.8% 19.4% 19.5% 20.1% 18.4% 17.5%
Total Current Taxes 37,872.0 53,292.0 64,126.0 63,713.0 58,858.0 58,858.0
Total Deferred Taxes 4,692.0 (6,947.0) (15,083.0) (10,061.0) (10,208.0) (10,208.0)

Normalized Net Income 141,371.0 149,614.0 157,608.9 165,822.1 165,184.4 164,687.3

NI per SFAS 123 (after Options) NA NA NA NA NA NA
Non-Cash Pension Expense (241.0) 77.0 257.0 61.0 5.0 -
Filing Date Mar-26-2018 Mar-29-2019 Mar-30-2020 Mar-30-2021 Mar-30-2021 Apr-29-2021
Restatement Type NC NC NC NC O O
Calculation Type REP REP REP REP REP LTM

Note: For multiple class companies, per share items are primary class equivalent, and for foreign companies listed as primary ADRs, per share items are ADR-equivalent.