Year In Oman, at present there are 149
Year
NET
PROFIT(OMR IN MILLIONS)
CHANGE
IN %
2011
117,546
15.70%
2012
139,206
18.43%
2013
152,192
9.33%
2014
163,227
7.25%
2015
175,451
7.5%
2016
176,560
0.63%
Net
Profit:
TABLE: 1
SOURCE:http://www.bankmuscat.com/enus/InvestorRelation/fi/Pages/financialhighlights.aspx
FIGURE: 1
The above table and bar diagram
shows the net profit of Bank Muscat from the year 2011-2016.
There has been a significant
growth in the overall profitability of the bank. The net profit of Bank Muscat
as of 2011 was 117.546 million OMR, which increased by 59.014 million OMR, to
176,560 million OMR at the end of 2016.
The change in the % was observed
as from 15.70% in 2011 to 0.63% in 2016.
CUSTOMER
DEPOSIT:The below table and graph shows
the total number of customer deposits from the year 2011-2016
Table: 2
YEAR
AMOUNT(0MR)
CHANGE
%
2011
4,749,489
34.66%
2012
5,324,016
12.10%
2013
5,645,870
6.05%
2014
6,582,109
16.58%
2015
7,363,448
6.5%
2016
7,457,727
1.28%
SOURCE: http://www.bankmuscat.com/en-us/InvestorRelation/fi/Pages/AnnualReports.aspx
Figure:2
The customer deposit in 2011 was
47.49 million OMR, which increased to 74.57 million OMR in 2016.
The customer deposit increased by
27.08 million OMR with a change % from 34.66% to 1.28%.
The customer deposit basically
signifies that the bank has a lot of customers who have their deposits in the
bank and they trust the bank with their money.
BRANCH EXPANSION:
There has
been a significant increase in the growth of Bank Muscat especially related to
the expansion of the Bank. Bank Muscat has branches not only in Oman and other
G.C.C. countries but also has branches in many other countries. Since this
research is on the Banking sector in Oman, we will not discuss about the
branches of Bank Muscat in G.C.C countries or other countries.
TABLE:
3
YEAR
NO:OF BRANCHES
2011
120
2012
127
2013
132
2014
138
2015
140
2016
149
SOURCE:http://www.bankmuscat.com/en-us/InvestorRelation/fi/Pages/AnnualReports.aspx
In Oman,
at present there are 149 branches of Bank Muscat (as of 2016). The number of
branches in 2011 was 120 which kept on increasing with each year passing by.
Since
2011, there have been 29 branches of Bank Muscat added.
FIGURE: 4
TOTAL ASSETS:
The above
table and diagram shows the total assets of Bank Muscat from the year 2011 to
2016.
TABLE: 4
YEAR
TOTAL ASSETS(OMR)
2011
7,228
2012
20,555
2013
22,043
2014
25,268
2015
32,581
2016
33,428
SOURCE: http://www.bankmuscat.com/en-us/InvestorRelation/fi/Pages/AnnualReports.aspx
FIGURE: 4
The total assets of any bank can
be categorized by the amount of cash at hand and at the amount of cash at bank
and all the assets that a bank owns.
There has been a significant
increase in the total assets of Bank Muscat from 2011 to 2016.
In the year 2011, the total assets
worth of Bank Muscat was 7.228 million OMR which increased to 33.428 million
OMR by the end of 2016. The total assets increased by 26.2 million OMR from the
year 2011-2016.
LIABILITIES:
The above
table and diagram shows the total liabilities of Bank Muscat from the year 2011
to 2016.
TABLE: 5
YEAR
TOTAL LIABILITIES
2011
16,945
2012
17,769
2013
18,894
2014
21,860
2015
28,954
2016
30,560
SOURCE:
http://www.bankmuscat.com/en-us/InvestorRelation/fi/Pages/AnnualReports.aspx
FIGURE:5
In this
case, it refers to mainly the loans and advances that customers take from the
bank and what they have to return, for what the bank usually charges an
interest. As more people take loans, the return will be greater as a result of
the interest charged which ultimately is beneficial for the bank.
There has
been a significant increase in the total liabilities of Bank Muscat from 2011
to 2016.
The total
liabilities of Bank Muscat at the end of 2011 were 16.945 million OMR, which
increased to 30.56 million OMR by the end of 2016. The total liabilities
increased by 13.615 million OMR.
Financial Statement of Bank Muscat
Year
over year, Bank Muscat SAOG has been able to grow revenues from
RO89.4M OMR to RO100.2M OMR. Most impressively, the company has
been able to reduce the percentage of sales devoted to selling, general and
administrative costs from 25.48% to 24.78%. This was a driver that led to a
bottom line growth from RO139.2M OMR to RO152.2M OMR.
Income
Statement
Currency in
Millions of Oman Rials
As of:
Reclassified
OMR
Dec 31
2011
Reclassified
OMR
Dec 31
2012
Reclassified
OMR
Dec 31
2013
OMR
TOTAL REVENUES
232.0
260.9
295.4
317.6
GROSS PROFIT
232.0
260.9
295.4
317.6
Selling General &
Admin Expenses, Total
16.2
23.2
22.8
24.8
EBT, EXCLUDING UNUSUAL ITEMS
117.8
136.2
156.8
174.9
EBT, INCLUDING UNUSUAL ITEMS
117.8
136.2
156.8
174.9
Income Tax Expense
16.2
18.7
17.5
22.7
Minority Interest In
Earnings
0.1
0.1
0.0
0.0
Earnings From
Continuing Operations
101.6
117.5
139.2
152.2
NET INCOME
101.7
117.6
139.2
152.2
NET INCOME TO COMMON INCLUDING EXTRA ITEMS
101.7
117.6
139.2
152.2
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS
101.7
117.6
139.2
152.2
Balance
Sheet of Bank Muscat:
The balance sheet of each bank from
the domestic and the foreign shows us the number of assets, liabilities, and
shareholder’s equity in total. Using these figures the calculation of certain
efficiency ratios, profitability ratios and liquidity ratios are will be done. Bank Muscat SAOG uses little or no debt in
its capital structure and may have less financial risk than the industry
aggregate.
Currency in
Millions of Oman Rials
As of:
Dec 31
2010
Reclassified
OMR
Dec 31
2011
Reclassified
OMR
Dec 31
2012
Reclassified
OMR
Dec 31
2013
OMR
Assets
Cash And Equivalents
1,138.3
1,716.7
1,462.3
1,250.6
Trading Asset Securities
39.9
48.1
41.9
28.2
TOTAL CASH AND SHORT
TERM INVESTMENTS
1,344.0
1,809.1
1,504.2
1,278.8
Other Receivables
—
80.8
223.7
441.5
TOTAL RECEIVABLES
—
80.8
223.7
441.5
Restricted Cash
2.2
1.0
0.5
0.5
Other Current Assets
—
—
—
5.7
TOTAL CURRENT ASSETS
1,451.1
1,996.0
1,860.9
1,867.9
Gross Property Plant And Equipment
130.5
121.1
129.6
137.6
Accumulated Depreciation
-55.7
-49.4
-60.3
-70.9
NET PROPERTY PLANT AND
EQUIPMENT
74.8
71.8
69.3
66.7
Deferred Tax Assets, Long Term
11.1
12.1
5.4
5.8
Other Long-Term Assets
14.2
3.3
5.8
5.2
TOTAL ASSETS
5,851.1
7,228.0
7,913.7
8,486.5
LIABILITIES & EQUITY
Accrued Expenses
35.0
38.8
30.0
40.4
Short-Term Borrowings
53.7
55.7
52.9
32.7
Current Portion Of Long-Term Debt/Capital Lease
9.6
75.8
25.0
29.8
Current Income Taxes Payable
32.1
36.7
26.9
31.9
Other Current Liabilities, Total
92.4
90.1
117.8
118.6
TOTAL CURRENT
LIABILITIES
4,254.8
5,599.2
5,937.7
6,303.8
Long-Term Debt
653.6
598.6
749.1
792.7
Capital Leases
38.0
38.2
38.3
38.3
Minority Interest
0.3
0.2
0.2
0.2
Unearned Revenue, Non-Current
3.9
4.5
4.8
6.4
Pension & Other Post-Retirement Benefits
3.4
3.9
4.8
5.2
Deferred Tax Liability Non-Current
0.6
0.4
0.5
1.5
Other Non-Current Liabilities
100.4
112.7
122.0
126.2
TOTAL LIABILITIES
5,054.7
6,357.4
6,857.2
7,274.2
Common Stock
134.6
154.8
203.9
215.2
Additional Paid In Capital
301.5
301.5
388.1
451.8
Retained Earnings
234.8
272.1
396.9
437.9
Comprehensive Income And Other
125.2
141.9
67.4
107.1
TOTAL COMMON EQUITY
796.1
870.3
1,056.3
1,212.1
TOTAL EQUITY
796.4
870.6
1,056.5
1,212.3
TOTAL LIABILITIES AND
EQUITY
5,851.1
7,228.0
7,913.7
8,486.5
Statement of Cash Flow of Bank
Muscat
Currency in
Millions of Oman Rials
As of:
Dec 31
2010
Reclassified
OMR
Dec 31
2011
Reclassified
OMR
Dec 31
2012
Reclassified
OMR
Dec 31
2013
OMR
NET INCOME
101.7
117.6
139.2
152.2
Depreciation & Amortization
8.8
11.2
11.2
11.0
DEPRECIATION &
AMORTIZATION, TOTAL
8.8
11.2
11.2
11.0
(Gain) Loss From Sale Of Asset
0.0
-0.1
0.0
-0.2
(Gain) Loss On Sale Of Investment
-0.7
-1.6
1.4
-1.6
Other Operating Activities
-1.9
0.9
-4.9
3.3
Provision For Credit Losses
32.9
30.6
24.4
17.9
(Income) Loss On Equity Investments
12.6
3.5
3.4
-1.3
Change In Other Working Capital
-31.1
-1,184.9
-515.6
-584.6
CASH FROM OPERATIONS
122.3
-1,022.8
-340.8
-403.2
Capital Expenditure
-57.3
-9.0
-7.5
-8.7
Sale Of Property, Plant, And Equipment
0.1
0.9
0.1
0.5
Investments In Marketable & Equity Securities
-110.5
-45.5
-43.7
-22.0
CASH FROM INVESTING
-166.7
-50.7
-48.7
-28.2
Long-Term Debt Issued
—
157.5
8.0
—
TOTAL DEBT ISSUED
—
157.5
8.0
—
Long Term Debt Repaid
-5.0
-6.4
-82.8
-12.8
TOTAL DEBT REPAID
-5.0
-6.4
-82.8
-12.8
Issuance Of Common Stock
—
—
96.3
75.1
Common Dividends Paid
-21.5
-33.7
-38.7
-51.0
TOTAL DIVIDEND PAID
-21.5
-33.7
-38.7
-51.0
Other Financing Activities
0.1
—
—
0.0
CASH FROM FINANCING
342.5
1,399.0
495.6
179.5
NET CHANGE IN CASH
298.1
325.6
106.1
-251.9
