Page 3 - AB

Diabierna, 22 di April 2022 |11

2021
Abbreviated Corporate Financial Statements

Independent auditor’s report

To the Management Board, Board of Supervisory Directors and the ABBREVIATED CORPORATE STATEMENT OF FINANCIAL POSITION AS AT
Shareholders of DECEMBER 31, 2021
AIB Bank N.V.
Aruba December 31, 2021 December 31, 2020
(In Afl.)
Our ref.: 133189/ A-32480

Our Opinion Assets
The abbreviated corporate financial statements, which comprise the Cash and Cash Equivalents 32,520,185 32,675,472
abbreviated corporate statement of financial position as at December 31,
2021, the abbreviated corporate statement of comprehensive income for Loans - Amortized Cost 156,561,394 155,355,599
the year 2021 and notes to the abbreviated corporate financial statements, Investments 58,390,357 55,266,599
are derived from the audited corporate financial statements of AIB Bank Property and Equipment 4,174,033 4,443,922
N.V. (‘the Company’) for the year ended December 31, 2021.
Other Assets 4,968,629 2,286,338
In our opinion, the accompanying abbreviated corporate financial statements
are consistent, in all material respects, with the audited corporate financial Total Assets 256,614,598 250,027,930
statements of the Company, as described in note 1 “General information”.

The Abbreviated Corporate Financial Statements Liabilities
The abbreviated corporate financial statements do not contain all the Borrowings 126,509,025 123,686,735
disclosures required by International Financial Reporting Standards.
Reading the abbreviated corporate financial statements and the auditor’s Other Liabilities 8,112,596 9,757,173
report thereon, therefore, is not a substitute for reading the audited Shareholders’ Equity 121,992,977 116,584,022
corporate financial statements and the auditor’s report thereon. The
audited corporate financial statements, and the abbreviated corporate
financial statements do not reflect the effects of events that occurred Total Liabilities and Equity 256,614,598 250,027,930
subsequent to the date of our report on the audited corporate financial
statements.

The Audited Corporate Financial Statements and Our Report Thereon ABBREVIATED CORPORATE STATEMENT OF COMPREHENSIVE INCOME
We expressed an unmodified audit opinion on the audited corporate FOR THE YEAR 2021
financial statements in our report dated March 25, 2022.
2021 2020
The Management Board’s Responsibility for the Abbreviated (In Afl.)
Corporate Financial Statements
The Management Board is responsible for the preparation of the
abbreviated corporate financial statements in accordance with the basis as Net Interest Income 6,447,442 5,826,950
described in note 1 “General information”. Other Income 7,554,997 4,641,136
Total Income 14,002,439 10,468,086
Auditor’s Responsibility
Our responsibility is to express an opinion on whether the abbreviated
corporate financial statements are consistent, in all material respects, with Operating Expenses (8,948,037) (7,756,794)
the audited corporate financial statements based on our procedures, which Release/(addition) to Allowance
were conducted in accordance with International Standard on Auditing for Credit Impaired Losses (1,585,720) (193,412)
810, Engagements to Report on Summary Financial Statements.
Total Operating Expenses (10,533,757) (7,950,206)
Aruba, April 21, 2022
Grant Thornton Aruba Operating Result before 3,468,682 2,517,880
Profit Tax
Result Subsidiaries 3,123,758 4,243,224
Operating Result before
Original signed by Edsel N. Lopez 6,592,440 6,761,104
Profit Tax
Profit Tax (1,183,485) (840,344)

Comprehensive Income 5,408,955 5,920,760