Zenith Bank PLC

Earnings Release • Sep 30, 2014

National Storage Mechanism | Additional information NAME OF COMPANY: ZENITH BANK PLC AND ITS SUBSIDIARIES DATE: 15 October 2014.PERIOD: 30 September 2014.Statement of Comprehensive Income "Turnover/Revenue Unaudited 30/09/2014 (N�m) 273,738 Unaudited 30/09/2013 (N�m) 255,299 Interest and similar incomes Unaudited 30/09/2014 (N�m) 213,011 Unaudited 30/09/2013(N�m) 190,968 Interest and similar expense Unaudited 30/09/2014 (N�m) (69,644) (N�m) Unaudited 30/09/2013(N�m) (51,989) Impairment for credit losses Unaudited 30/09/2014 (N�m) (4,882) Unaudited 30/09/2013(N�m) (5,939) Fees and Commission income Unaudited 30/09/2014 (N�m) 34,855 Unaudited 30/09/2013(N�m) 36,490 Net gains on financial instruments measured at fair value through profit or loss Unaudited 30/09/2014 (N�m) 24,170 Unaudited 30/09/2013(N�m) 15,525 Other Operating Income Unaudited 30/09/2014 (N�m) 1,378 Unaudited 30/09/2013(N�m) 640 Share of Profit of Associate Unaudited 30/09/2014 (N�m) 324 Unaudited 30/09/2013 (N�m) Nil Operating Expenses Unaudited 30/09/2014 (N�m) (112,394) Unaudited 30/09/2013(N�m) (105,599) Profit before Tax from Discontinued Operations Unaudited 30/09/2014 (N�m) NIL Unaudited 30/09/2013 (N�m) 2,941 Profit before Tax Unaudited 30/09/2014 (N�m) 86,818 Unaudited 30/09/2013 (N�m) 83,037 Taxation Unaudited 30/09/2014 (N�m) (15,772) Unaudited 30/09/2013(N�m) (13,286) Profit after Tax Unaudited 30/09/2014 (N�m) 71,046 Unaudited 30/09/2013(N�m) 69,751 Earnings Per Share Unaudited (K) Basic 30/09/2014 226 k Unaudited 30/09/2013 220 k Earnings per Share Unaudited (k) Diluted 30/09/2014 226 k Unaudited 30/09/2013 220 k" Statement of Financial Position "Property, Plant & Equipment Unaudited 30/09/2014 (N�m) 70,951 Unaudited 30/09/2013 (N�m) 70,777 Intangible Assets Unaudited 30/09/2014 (N�m) 2,014 Unaudited 30/09/2013 (N�m) 1,475 Loans and Advances Unaudited 30/09/2014 (N�m) 1,526,109 Unaudited 30/09/2013(N�m) 1,108,872 Investment Securities Unaudited 30/09/2014 (N�m) 319,372 Unaudited 30/09/2013(N�m) 273,626 Investment in associates Unaudited 30/09/2014 (N�m) 548 Unaudited 30/09/2013(N�m) 227 Deferred Tax assets Unaudited 30/09/2014 (N�m) 36 Unaudited 30/09/2013 (N�m) 389 Cash and balances with central banks Unaudited 30/09/2014 (N�m) 556,330 Unaudited 30/09/2013(N�m) 535,092 Treasury bills Unaudited 30/09/2014 (N�m) 445,485 Unaudited 30/09/2013 (N�m) 464,899 Due from other banks Unaudited 30/09/2014 (N�m) 426,165 Unaudited 30/09/2013 (N�m) 284,343 Other Assets Unaudited 30/09/2014 (N�m) 59,653 Unaudited 30/09/2013(N�m) 85,255 Assets classified as held for sale Unaudited 30/09/2014 (N�m) NIL Unaudited 30/09/2013(N�m) 27,806 Derivative assets held for risk management Unaudited 30/09/2014 (N�m) 1,970 Unaudited 30/09/2013(N�m) NIL Total Assets Unaudited 30/09/2014 (N�m) 3,408,633 Unaudited 30/09/2013(N�m) 2,852,761 Customers� Deposits Unaudited 30/09/2014 (N�m) 2,309,614 Unaudited 30/09/2013(N�m) 2,033,971 Current Tax Liabilities Unaudited 30/09/2014 (N�m) 1,778 Unaudited 30/09/2013(N�m) 1,864 Other Liabilities Unaudited 30/09/2014 (N�m) 274,698 Unaudited 30/09/2013(N�m) 227,162 On-lending Facilities Unaudited 30/09/2014 (N�m) 92,176 Unaudited 30/09/2013(N�m) 61,041 Long term Borrowings Unaudited 30/09/2014 (N�m) 205,953 Unaudited 30/09/2013(N�m) 31,600 Deferred Tax Liabilities Unaudited 30/09/2014 (N�m) 482 Unaudited 30/09/2013(N�m) 5,578" "Liabilities classified as held for sale Unaudited 30/09/2014 (N�m) NIL Unaudited 30/09/2013(N�m) 9,036 Total Liabilities Unaudited 30/09/2014 (N�m) 2,884,701 Unaudited 30/09/2013(N�m) 2,370,252 Net Assets Unaudited 30/09/2014 (N�m) 523,932 Unaudited 30/09/2013(N�m) 482,509." Statement of Cash Flows "Cash Flow From Operating Activities Unaudited 30/09/2014 (N�m) (45,659) Unaudited 30/09/2013 (N�m) (42,452) Operating Cash Flow Changes: Working Capital Changes Unaudited 30/09/2014 (N�m) (353,447) Unaudited 30/09/2013(N�m) 69,120 Net Cash Generated from Operating Activities Unaudited 30/09/2014 (N�m) (240,409) Unaudited 30/09/2013(N�m) 188,496 Cash Flow From Investing Activities Unaudited 30/09/2014 (N�m) 5,362 Unaudited 30/09/2013(N�m) (8,769) Cash Flow From Financing Activities Unaudited 30/09/2014 (N�m) 127,019 Unaudited 30/09/2013 (N�m) (28,797) Net Increase/Decrease Cash and Cash Equivalent Unaudited 30/09/2014 (N�m) (108,028) Unaudited 30/09/2013 (N�m) 150,930 Cash and Cash Equivalent Beginning of the Year Unaudited 30/09/2014 (N�m) 866,721 Unaudited 30/09/2013 (N�m) 614,817 Cash and Cash Equivalent at End of the Year Unaudited 30/09/2014 (N�m) 780,564 Unaudited 30/09/2013 (N�m) 766,095" Corporate Actions Proposed Dividend Proposed Bonus Qualification Date "- Closure Date - AGM Date - "