PRU-EPRS 1.17 Instructional Guidelines

Past version: effective from 16/12/2007 - 13/04/2013
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1. All figures relating to income statement items, other expense accounts, volumes, activity levels, number of accounts or units sold/traded and any other data relating to amounts invested/deposited except outstanding balances in any of the quarterly returns must correspond to the current reporting period (quarter) and not cumulative or year-to-date amounts.
2. The instructional guidelines below are regarding certain specific data elements in the form:
Item No. Item Instructional Guidelines
B400_1010 Income from jointly financed accounts Authorised Firms should include in respect of this item income earned on funds from jointly financed investment accounts (i.e. unrestricted PSIAs and self-financed). The income should be gross before allocating to the unrestricted PSIAs and the bank's Mudarib fee.
B400_1020 Allocated to unrestricted account holders (before Mudarib fee) Authorised Firms should include in respect of this item the amount allocated from B40 item no. B400_1010 above to the unrestricted PSIAs as their share of the income. Note that this number should be entered as positive amount.
B400_1030 Authorised Firm's Mudarib fee from managing jointly financed accounts Authorised Firms should include in respect of this item the amount of the Mudarib fee that they are entitled to receive for the management of the unrestricted PSIAs.
B400_1040 Authorised Firm's fees from managing other (restricted) accounts Include any amounts owing to the Authorised Firm as fees for managing PSIAR accounts.
B400_2010 Authorised Firm's income from its own non-financing activities Authorised Firms should include in respect of this item the income received from non-financing activities (e.g. Murabaha sales) that results from the employment of the Authorised Firm's own funds and current accounts. The income should have been generated from funds that have been employed separately from the PSIA funds.
B400_2020 Authorised Firm's income from its own financing and investment activities Authorised Firms should include in respect of this item the income received from financing and investment activities that results from the employment of the Authorised Firm's own funds and current accounts. The Bank is solely entitled to profits/ (losses) from these activities.
B400_2030 Net fees and commission income Authorised Firms should include in respect of this item the income received for services provided such as trade related letters of credit, Corporate advice, Investment management and trustee services, Kefala (guarantees) and indemnities.
B400_2040 Other operating income Include income from any other source not included in any of the above.
B300_3700 Staff expenses Include costs such as:
•  Wages and salaries;
•  Social security contributions;
•  Contribution to any pension schemes (employer's share);
•  Costs of staff benefits paid.
B400_3040 Premises and equipment costs Should include rent, property tax, lighting, heating, maintenance costs etc.
B300_3800 Depreciation and amortisation Charges relating, for example, to depreciation / amortisation of property, plant and equipment and other amounts written off in respect of tangible and intangible fixed assets.
B400_3060 Provision for losses on Islamic contracts Provision for losses on Islamic Contracts: refer to FAS 11 of AAOIFI which requires the inclusion of bad and doubtful Islamic Financing and non financing contracts and investments.
B400_3070 Other provisions Include here all other provisions other than for Islamic contracts.
B300_3900 Other operating expenses Include all other expenses not included in any of the above.
B300_4100 Net income from subsidiaries and associated companies Report share of profits and losses of from subsidiaries and associated companies.
B300_4200 Profit (loss) from extraordinary items For example:

Profit or losses on sale or termination of an operation;

Profits or losses on disposal of fixed assts.
B400_3130 Zakah Include Zakah amount calculated with reference to FAS 9 of AAOIFI.
B300_5100 Tax on profit / loss Any amount that has been or is expected to be paid in taxation.
B300_7100 Dividends, and other distributions, declared or paid The amount to be distributed in the current year to shareholders out of the profits of a company.
B300_7300 Other adjustments Any other adjustments that affect the retained profits.
Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]