Izola Bank p.l.c.
Appendix II - Five-Year Summary
xvi
Statement of Financial Position
2023
2022 (Restated)
2021
2020
2019
€
€
€ € €
ASSETS
Balances with Central Bank of Malta
and cash
56,242,720
17,598,287 16,193,768 18,612,618 39,087,309
Financial investments
101,589,059
103,542,260 118,340,310 109,304,630 81,369,795
Loans and advances to banks
6,757,337
10,214,993 25,420,282 22,695,594 40,549,407
Factored receivables
140,049,872
118,363,724 95,051,834 99,155,608 105,412,199
Loans and advances to customers
180,964,061
160,329,282 131,369,341 121,555,833 86,522,549
Property and equipment
13,939,136
11,712,225 12,565,395 11,994,449 11,618,961
Intangible assets
3,630,203
1,975,593 1,774,370 1,550,091 1,633,259
Other assets
2,391,356
3,181,811 1,971,720 3,603,758 1,576,048
Deferred tax asset
2,200,649
1,723,958 - - -
Current tax asset
183,341
641,499 793,029 824,359 562,378
----------------- ----------------- ------------------- ------------------- -------------------
Total assets
507,947,733
429,283,632 403,480,049 389,296,940 368,331,905
========== ========== =========== =========== ===========
LIABILITIES
Amounts owed to institutions
20,000,000
40,000,000 55,000,000 - -
Amounts owed to banks
271,105
275,815 274,715 250,576 250,322
Amounts owed to customers
429,743,262
335,660,870 297,780,509 304,384,729 319,737,813
Debt securities in issue
16,861,501
16,820,322 11,940,167 11,923,078 11,905,989
Deferred tax liability
808,057
436,414 540,870 845,309 777,023
Accruals and other liabilities
8,393,356
4,759,914 3,975,122 2,809,505 1,989,742
------------------ ------------------ ------------------- ------------------- -------------------
Total liabilities
476,077,281
397,953,335 369,511,383 355,213,197 334,660,889
========== ========== =========== =========== ===========
EQUITY
Called up share capital
29,000,000
29,000,000 10,000,000 10,000,000 10,000,000
Property revaluation reserve
3,967,372
2,977,302 3,521,238 3,521,238 3,696,144
Fair value reserve
(1,708,321)
(2,500,774) 76,192 639,250 436,837
Depositor compensation scheme reserve
1,038,647
831,860 1,288,168 1,707,717 628,571
Reserve for general banking risk
55,025
72,782 45,091 3,860 3,860
Capital contribution reserve
32,675
32,675 17,032,675 17,032,675 17,032,675
Accumulated Losses/Retained Earnings
(514,946)
916,452 2,005,302 1,179,003 1,872,929
------------------ ------------------ ------------------- ------------------- -------------------
Total equity attributable to
equity holders of the Bank
31,870,452
31,330,297 33,968,666 34,083,743 33,671,016
========== ========= ======== ======== ========
Total liabilities and equity
507,947,733
429,283,632 403,480,049 389,296,940 368,331,905
========== ========= ======== ======== ========
Memorandum items Commitments
288,377,842
185,068,135 92,738,305 96,000,451 71,868,667
========== ========= ======== ======== ========