Instruction No. 2016-01 on the Publication of Annual Accounts

CENTRAL BANK OF DJIBOUTI

INSTRUCTION NO. 2016-01 ON THE PUBLICATION OF ANNUAL ACCOUNTS

The Governor of the Central Bank of Djibouti,

Having regard to Law No. 191/AN/86/1er L of 03 February 1986 on the rights of commercial companies, Having regard to Decree No. 86-116/PRE of 30 November 1986 relating to commercial companies, Having regard to Law No. 119/AN/11/6ème L of 22 January 2011 on the establishment and supervision of credit institutions and financial auxiliaries, Having regard to Law No. 118/AN/11/6ème L of 22 January 2011 amending the statutes of the Central Bank, Having regard to Decree No. 2013-009/PRE of 29 January 2013 appointing the Governor of the Central Bank of Djibouti, Having regard to Circular No. 2012-01 of 22 October 2012 setting out the procedures for transmitting periodic statements to the Central Bank.

Decrees:

Article 1: Credit institutions must close their annual accounts on 31 December each year.

Article 2: Annual accounts comprise: the balance sheet, the income statement, and the off-balance sheet items, according to a standard template attached to this instruction.

Article 3: They are therefore required to publish their annual accounts in a national press journal of the Republic of Djibouti within 45 days following the approval of the balance sheet and income statement by the general meeting, in accordance with applicable regulatory provisions.

Article 4: Credit institutions are requested to transmit to the Central Bank of Djibouti, upon approval of the accounts by the deliberative body, two certified true copies of the following documents:
a. The annual accounts; b. The board of directors' report on the annual accounts submitted to shareholders;
c. The general report of the statutory auditor(s) as well as the special report provided for in Article 36 of Law No. 119/AN/11/6ème L on the establishment and supervision of credit institutions and financial auxiliaries of 22 January 2011.

Article 5: Subject institutions must scrupulously comply with this instruction under penalty of disciplinary sanctions, as provided for in Article 58 of Law No. 119/AN/11/6ème L of 22 January 2011.

Article 6: Instruction No. 2016-01 on the publication of annual accounts enters into force upon its signature.

Done in Djibouti, on 03 May 2016

Mr. AHMED OSMAN
The Governor

Declaring Institution Annexes Confidential

PUBLISHABLE BALANCE SHEET IN MILLIONS FDJ
Date of closing:
Name of institution:

CODE	ASSETS	N	N-1
10100	CASH, ISSUING INSTITUTIONS & NATIONAL TREASURY
10300	CLAIMS ON CREDIT INSTITUTIONS
20000	OPERATIONS WITH CUSTOMERS
30030	INVESTMENT SECURITIES
40100	EQUITY SECURITIES AND SUBSIDIARIES
40110	INTERESTS IN AFFILIATED COMPANIES
40600	FINANCE LEASES AND RENTAL WITH PURCHASE OPTION/SIMPLE LEASE
40400	INTANGIBLE FIXED ASSETS
40410	TANGIBLE FIXED ASSETS
50720	SUBSCRIBED CAPITAL NOT PAID
30799	OTHER ASSETS
	DEFERRED CHARGES
10999	TOTAL ASSETS	0	0

Declaring Institution Annex Confidential

PUBLISHABLE BALANCE SHEET IN MILLIONS FDJ
Date of closing:
Name of institution:

CODE	LIABILITIES	N	N-1
11100	ISSUING INSTITUTIONS & NATIONAL TREASURY
11300	DEBTS TO CREDIT INSTITUTIONS
21000	OPERATIONS WITH CUSTOMERS
31000	DEBT SECURITIES
31899	OTHER LIABILITIES
31800	DEFERRED INCOME AND CHARGES
40600	FINANCE LEASE OPERATIONS
51400	SUBORDINATED DEBT
51500	GENERAL BANKING RISK RESERVE (GBRR)
51950	EQUITY EXCLUDING GBRR (+/-)
51700	SUBSCRIBED CAPITAL
51610	SHARE PREMIUMS
51600	RESERVES
51650	REVALUATION SURPLUSES/DEFICITS
51200	REGULATORY PROVISIONS AND INVESTMENT GRANTS
51800	CARRIED FORWARD (+/-)
51910	YEAR-END RESULT (+/-)
51999	TOTAL LIABILITIES	0	0

Declaring Institution Annex Confidential

PUBLISHABLE OFF-BALANCE SHEET IN MILLIONS FDJ
Date of closing:
Name of institution:

CODE	OFF-BALANCE SHEET	N	N-1
90000	GIVEN COMMITMENTS	0	0
90010	FINANCING COMMITMENTS
90100	GUARANTEE COMMITMENTS
90200	SECURITIES COMMITMENTS	0	0
91000	RECEIVED COMMITMENTS	0	0
91010	FINANCING COMMITMENTS
91100	GUARANTEE COMMITMENTS
91200	SECURITIES COMMITMENTS	0	0

Declaring Institution Annex Confidential

PUBLISHABLE INCOME STATEMENT IN MILLIONS FDJ
Date of closing:
Name of institution:

CODE	PUBLISHABLE INCOME STATEMENT IN MILLIONS FDJ	N	N-1
70110	(+) Interest and similar income
60110	(-) Interest and similar expenses
08900	NET INTEREST MARGIN	0	0
70400	(+) Income on finance lease and rental fixed assets
60400	(-) Expenses on finance lease and rental fixed assets
08914	RESULT FROM FINANCE LEASE AND RENTAL OPERATIONS	0	0
70120	(+) Commissions received
60120	(-) Commissions paid
08920	NET COMMISSION MARGIN	0	0
08330	(±) Result from trading securities operations
08340	(±) Result from investment securities operations
08600	(±) Result from foreign exchange operations
08700	(±) Result from derivative products operations (difference account)		0
08930	RESULT FROM MARKET OPERATIONS	0	0
70000	(+) Banking operating income
60000	(-) Banking operating expenses
08990	NET BANKING INCOME	0	0
65000	(-) General expenses (1)

66000	(-) Depreciation and impairment of intangible and tangible fixed assets
19990	GROSS OPERATING RESULT	0	0
05000	(±) Cost of risk
	OPERATING RESULT	0	0
04600	(±) Gains or losses on fixed assets
29990	CURRENT RESULT BEFORE TAX	0	0
04600	(±) Extraordinary result
06900	(-) Income taxes
05000	(±) Provisions for/against GBRR and regulatory provisions
99990	NET RESULT	0	0.0

(1) General Expenses: Personnel expenses + Taxes and levies + External services