Page 84 - CCB_Annual Report_2022

84 Financial Statements 85

Statement of Financial Position

As at 31 December 2022

Financial £’000 Note 286,680 240,158
2021
2022
Assets
Cash and balances at central banks
13
Statements Loans and advances to banks 15 1,037,710 977,834
14
13,931
12,293
Debt securities
30,412
37,137
17
Loans and advances to customers
Other assets and prepayments 20 2,573 2,091
Property plant and equipment 18 2,366 2,587
Statement of Profit or Loss and Other Comprehensive Income Intangible assets 19 1,774 1,589

Current tax asset – 407
For the year ended 31 December 2022
Deferred tax asset 12 1,099 775
Total assets 1,376,545 1,274,871

£’000 Note 2022 2021
Liabilities
Interest income calculated using the effective interest rate 6 75,977 55,335
Customers’ accounts 22 1,103,256 1,025,520
Interest expense 6 (16,753) (10,408)
Central Bank facilities 23 78,000 78,000
Net interest income 59,224 44,927
Derivative financial liabilities 21 1,010 254
Other income 7 28 23
Other liabilities and accruals 24 9,107 7,280
Total operating income 59,252 44,950
Current tax liability 24 326 –
Administrative expenses 9 (25,034) (21,965)
Total liabilities 1,191,699 1,111,054
Depreciation and amortisation 18,19 (906) (971)
Operating profit before impairment losses 33,312 22,014
Equity
Impairment losses on loans and advances to customers 16 (4,773) (3,524)
Share capital 25 44,955 44,955
Profit before tax 28,539 18,490
Convertible loan notes 25 22,900 22,900
Taxation charge 12 (5,337) (3,024)
Fair value through other comprehensive income reserve 25 (1,209) (475)
Profit after tax 23,202 15,466
Retained earnings 118,200 96,437
Other comprehensive income
Total equity 184,846 163,817
Items that are or may be reclassified subsequently to the
income statement

Fair value through other comprehensive income Total liabilities and equity 1,376,545 1,274,871
Fair value movements taken to reserves 25 (1,233) (411)
Taxation 25 499 (90) The financial statements on pages 84 – 87 were approved by the Board of Directors
on 30 March 2023 and signed on its behalf by:
Total other comprehensive expense, net of tax (734) (501)

Total comprehensive income attributable to owners of the Bank 22,468 14,965
All profit for the year arises from continuing operations.
The Notes on pages 88 – 130 are an integral part of these financial statements.
Donald Kerr Andrea Hodgson
Chief Executive Officer Chief Financial Officer
Company registered number: 07972522