MANAGEMENT ACCOUNTING STATEMENT at December 31, 2022(thousand MAD)
NONPERFORMING CUSTOMER LOANS at December 31 2022thousand MAD
SALES at December 31 2022thousand MAD
I - RESULTS ANALYSIS 12/31/2022 12/31/2021
+ Interest and similar income 11 222 867 11 029 346
- Interest and similar expenses 2 496 665 2 523 001
NET INTEREST MARGIN 8 726 202 8 506 345
+ Income from participatory financing
- Expenses on participatory financing
PARTICIPATORY FINANCING MARGIN
+ Income from lease-financed fixed assets 162 256 82 540
- Expenses on lease-financed fixed assets 93 623 234 859
NET INCOME FROM LEASING ACTIVITIES 68 633 -152 319
+ Income from fixed assets given in Ijara
- Expenses on fixed assets given in Ijara
NET INCOME FROM IJARA ACTIVITIES
+ Fees received 2 153 237 2 012 070
- Fees paid 1 859 1 380
NET FEE INCOME 2 151 378 2 010 690
+ Income from trading securities 6 904 1 249 501
+ Income from available-for-sale securities 15 835 2 360
+ Income from foreign exchange activities 1 178 128 1 014 536
+ Income from derivatives activities 830 186 98 466
INCOME FROM MARKET ACTIVITIES 2 031 053 2 364 863
+ Result of Moudaraba and Moucharaka Securities Trasactions
+ Other banking income 2 037 189 1 733 767
- Other banking expenses 1 539 446 1 393 856
NET BANKING INCOME 13 475 010 13 069 490
+ Income from long-term investments-711 902 -256 722
+ Other non-banking operating income 64 805 165 053
- Other non-banking operating expenses 1 174
- General operating expenses 4 853 219 4 732 623
GROSS OPERATING INCOME 7 973 520 8 245 198
+ Net provisions for non-performing loans and signature loans-955 269 -2 725 085
+ Other net provisions-674 812 378 369
NET OPERATING INCOME 6 343 438 5 898 481
NON OPERATING INCOME-376 707 -253 201
- Income tax 1 731 891 1 545 796
NET INCOME FOR THE FINANCIAL YEAR 4 234 840 4 099 484
II- TOTAL CASH FLOW
12/31/2022 12/31/2021
+ NET INCOME FOR THE FINANCIAL YEAR
4 234 840 4 099 484
+ Depreciation, amortisation and provisions for fixed asset impairment 600 268 573 541
+ Provisions for impairment of long-term investments 718 107 442 440
+ General provisions 593 895 455 767
+ Regulated provisions
+ Extraordinary provisions
- Reversals of provisions for depreciation of long-term investments 132 205 1 162 709
- Capital gains on disposal of fixed assets 3 236 72 001
+ Losses on disposal of fixed assets 1 140
- Capital gains on disposal of long-term investments 715 629
+ Losses on disposal of long-term investments 529 912
- Write-backs of investment subsidies received
+ TOTAL CASH FLOW 6 012 809 4 150 804
- Distributions 3 227 112 2 308 456
+ SELF-FINANCING 2 785 697 1 842 348
Disbursed loans Signature loans Amount
Provisions for
disbursed loans
Provisions for
signature loans
Amount
12312022 16 460 759 1 395 505 17 856 264 11 743 122 853 585 12 596 707
2022 2021 2020
19 569 227 18 737 597 18 580 424