Question

From the following information extracted from a reputed commercial bank in KSA prepared a classified Balance sheet to find out the retained earnings of the Bank at the end of the financial year:

	Description	Amount SAR’000
	Cash and due from banks	4,600
	Interest-bearing deposits in other banks	332
	Funds sold and securities purchased under agreements to resell	1,313
	Trading assets	2,800
	Securities available for sale	26,500
	Loans held for sale	13,000
	Loans	115,000
	Allowance for loan and lease losses	1,200
	Premises and equipment1	1,850
	Goodwill	6,830
	Other intangible assets	1,120
	Customers’ acceptance liability	12
	Other assets	7,023
	Noninterest-bearing consumer and commercial deposits	26,320
	Interest-bearing consumer and commercial deposits	71,200
	Brokered deposits	15,600
	Foreign deposits	8,800
	Funds purchased and securities sold under agreements to repurchase	10,374
	Other short-term borrowings	1,930
	Long-term debt	20,780
	Acceptances outstanding	12
	Trading liabilities	1,530
	Other liabilities	6,140
	Common stock,	370
	Additional paid in capital	6,760
	Accumulated other comprehensive income	940
	Treasury stock, at cost, and other	490

Answer 1

Liabilities						Assets
Loans				115,000.00		Cash and Due from banks				4,600.00
Allowance for loan and lease losses				1,200.00		Interest bearing deposit in other banks				332.00
Loans held for sale				13,000.00		Funds sold and securities purchased				1,313.00
Noninterest-bearing consumer				26,320.00		under agreements to sell
and commercial deposits						Trading Assets				2,800.00
Interest-bearing consumer				71,200.00		Securities available for sale				26,500.00
and commercial deposits						Premises And Equipment				1,850.00
Brokered Deposits				15,600.00		Goodwill				6,830.00
Foreign Deposits				8,800.00		Other Intangible assets				1,120.00
Other short term borrowings				1,930.00		Customers acceptance liability				12.00
Long term debt				20,780.00		Other Assets				7,023.00
Accesptnaces outstanding				12.00		Funds Secured and securities sold				10,374.00
Trading liabilities				1,530.00		Treasury Stock at cost				490.00
Other Liabilities				6,140.00
Common Stock				370.00
Additional paid up capital				6,760.00
Accumalated and other income				940.00
Retained Earnings				(226,338.00)
				63,244.00						63,244.00