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% NetProfit: TABLE: 1SOURCE:http://www.bankmuscat.com/enus/InvestorRelation/fi/Pages/financialhighlights.aspx FIGURE: 1 The above table and bar diagramshows the net profit of Bank Muscat from the year 2011-2016.
There has been a significantgrowth in the overall profitability of the bank. The net profit of Bank Muscatas of 2011 was 117.546 million OMR, which increased by 59.014 million OMR, to176,560 million OMR at the end of 2016.
The change in the % was observedas from 15.70% in 2011 to 0.63% in 2016. CUSTOMERDEPOSIT:The below table and graph showsthe 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.
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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:2The customer deposit in 2011 was47.49 million OMR, which increased to 74.57 million OMR in 2016.
The customer deposit increased by27.08 million OMR with a change % from 34.66% to 1.28%.The customer deposit basicallysignifies that the bank has a lot of customers who have their deposits in thebank and they trust the bank with their money.
BRANCH EXPANSION:There hasbeen a significant increase in the growth of Bank Muscat especially related tothe expansion of the Bank. Bank Muscat has branches not only in Oman and otherG.C.C.
countries but also has branches in many other countries. Since thisresearch is on the Banking sector in Oman, we will not discuss about thebranches 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.aspxIn Oman,at present there are 149 branches of Bank Muscat (as of 2016). The number ofbranches in 2011 was 120 which kept on increasing with each year passing by.Since2011, there have been 29 branches of Bank Muscat added.
FIGURE: 4 TOTAL ASSETS:The abovetable and diagram shows the total assets of Bank Muscat from the year 2011 to2016. 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 canbe categorized by the amount of cash at hand and at the amount of cash at bankand all the assets that a bank owns.There has been a significantincrease in the total assets of Bank Muscat from 2011 to 2016.
In the year 2011, the total assetsworth of Bank Muscat was 7.228 million OMR which increased to 33.428 millionOMR by the end of 2016. The total assets increased by 26.2 million OMR from theyear 2011-2016. LIABILITIES:The abovetable and diagram shows the total liabilities of Bank Muscat from the year 2011to 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:5In thiscase, it refers to mainly the loans and advances that customers take from thebank and what they have to return, for what the bank usually charges aninterest. As more people take loans, the return will be greater as a result ofthe interest charged which ultimately is beneficial for the bank.There hasbeen a significant increase in the total liabilities of Bank Muscat from 2011to 2016.The totalliabilities of Bank Muscat at the end of 2011 were 16.
945 million OMR, whichincreased to 30.56 million OMR by the end of 2016. The total liabilitiesincreased by 13.615 million OMR.
Financial Statement of Bank MuscatYearover year, Bank Muscat SAOG has been able to grow revenues fromRO89.4M OMR to RO100.2M OMR. Most impressively, the company hasbeen able to reduce the percentage of sales devoted to selling, general andadministrative costs from 25.48% to 24.78%. This was a driver that led to abottom line growth from RO139.
2M OMR to RO152.2M OMR.IncomeStatement 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 BalanceSheet of Bank Muscat:The balance sheet of each bank fromthe domestic and the foreign shows us the number of assets, liabilities, andshareholder’s equity in total. Using these figures the calculation of certainefficiency ratios, profitability ratios and liquidity ratios are will be done.
Bank Muscat SAOG uses little or no debt inits capital structure and may have less financial risk than the industryaggregate. 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 BankMuscat 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
