tfg 2012 financial highlights 4q (unaudited)
TRANSCRIPT
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7/28/2019 TFG 2012 Financial Highlights 4Q (Unaudited)
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TenGer Financial Group LLC
Consolidated Financial Statements (Unaudited)
December 31st
, 2012 (4Q12)
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7/28/2019 TFG 2012 Financial Highlights 4Q (Unaudited)
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Financial Highlights 4Q, 2012
All figures are YTD
975
1,133
3Q12 4Q12
(MN
Tbillions)
Total Assets
16%
643
669
3Q12 4Q12
(MN
Tbillions)
Loan and Lease Advances
4%
513
579
3Q12 4Q12
(MNTbillions)
Due to Customers
13%104
129
3Q12 4Q12
(MNTbillions)
Total Equity
24%
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7/28/2019 TFG 2012 Financial Highlights 4Q (Unaudited)
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All figures are YTD
57,87759,843
3Q12 4Q12
(MNTmillions)
Net Interest Income
53,764
69,571
3Q12 4Q12
(MNTmillions)
Total Operating Income
29%36%
17,522
20,313
3Q12 4Q12
(MNTmillions)
Profit Before Taxes
16%
13,049
15,207
3Q12 4Q12
(MNTmillions)
Net Profit
17%
Return on Equity 14.6% Loan Loss Prov. Exp. 0.3%
Return on Assets 1.6% Non-earning liq.assets/Avg.Assets 27.5%
Profit Margin 11.0% Commercial Liab./Avg.Assets 33.0%
Equity/Total Assets 11.4% Total Expense 12.7%
Loan Portfolio/Total Assets 59.0% Operating Cost 66.6%
Debt/Equity, times 2.0x Overhead Cost 66.3%
Profitability
Financial Structure
Risk
Efficiency and Expenses
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Summary of Consolidated Balance Sheet
TenGer Financial Group and Subsidiaries
Actual Actual Actual
MNT in millions 31-Dec-12 30-Sep-12 31-Dec-11 Qtrly YOY
ASSETS
Cash And Cash Equivalent 380,641 258,528 222,835 47% 71%
Due From Banks 38,224 22,881 43,418 67% -12%
Financial Investments 445 435 80 2% 453%
Loans And Lease Advances 669,015 643,079 537,656 4.0% 24.4%
Other Assets 13,186 20,974 8,208 -37% 61%
Property, Plant And Equipment 25,537 22,957 19,474 11% 31%
Intangible Assets 4,267 4,276 3,938 0% 8%
Investment In Associates 1,956 1,956 2,486 0% n/a
Goodwill - - 34 n/a n/a
TOTAL ASSETS 1,133,270 975,086 838,129 16.2% 35.2%
LIABILITIES
Due To Customers 579,299 513,087 411,234 13% 41%
Due To Banks 54,083 41,857 53,544 n/a 1%
Borrowed Funds 305,819 253,344 236,905 20.7% 29.1%
Deffered Grants 668 684 508 -2% n/a
Other Liabilities 14,764 24,769 7,988 -40% 85%
Tax Payables 584 906 271 -36% 116%
Deferred Tax Liabilities 336 336 336 0% n/a
Subordinated Debt 48,372 35,904 35,955 35% 35%
TOTAL LIABILITIES 1,003,924 870,887 746,741 15% 34%
EQUITY
Ordinary Shares 16,585 14,933 14,933 11% 11%
Treasury Shares - - - n/a n/a
Share Premium 56,970 46,894 46,895 21% 21%
Other Reserves 11,341 11,341 11,341 0% 0%
Retained Earnings 33,062 31,031 18,220 7% 81%
Minority Interest 11,389
TOTAL EQUITY 129,346 104,199 91,388 24% 42%
TOTAL EQUITY AND LIABILITIES 1,133,270 975,086 838,129 16% 35%
Book Value per Share (MNT) 7,799.14 6,977.89 6,120.00 12% 27%
Change (%)
Q4 2012 Management Report
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Summary of Consolidated Income Statement
TenGer Financial Group and Subsidiaries
Actual Actual Actual Actual Actual
MNT in millions 31-Dec-12 30-Sep-12 H / (L) 31-Oct-12 30-Nov-12 31-Dec-12
Interest and Similar Income 128,291 93,182 38% 11,747 11,781 11,581
Interest and Similar Expenses 68,448 49,251 39% 6,300 6,592 6,305
Net Interest Income 59,843 43,931 36% 5,447 5,189 5,276
Net Fees & Comissions Income 9,496 9,512 0% 327 (998) 656
Other Operating Income 231 322 -28% 20 649 (760)
Operating Income 69,571 53,764 29% 5,794 4,840 5,172
Operating Expenses 46,160 34,142 35% 3,671 4,281 4,065
Operating Profit Before CLE 23,411 19,622 19% 2,123 559 1,108
Credit Loss Expense (CLE) 3,071 2,258 36% 492 448 (128)
Other Non Operating Income 1,583 1,145 38% 58 132 248
Other Non Operating Expenses 1,611 988 63% 104 90 429
Profit Before Taxes 20,313 17,522 16% 1,585 152 1,054
Income Tax Expense (Benefit) 5,233 4,473 17% 218 173 369
Minority Interest (127) (90) (37)
Total Comprehensive Income 15,207 13,049 17% 1,366 69 723
Note
H = Higher
L = Lower
YTD Quarterly 2012 For the Quarter-Ended