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Year they trust the bank with their

Year

NET
PROFIT(OMR IN MILLIONS)

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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

 

 

 

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