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Please download information |
2005
Audited Financial Statement of Accounts |
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BALANCE SHEET |
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As at 31st December 2003 |
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In thousands of Leones |
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2003 |
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2002 |
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Notes |
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Assets |
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Cash & Cash Equivalent |
10 |
20,772,618 |
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32,314,484 |
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Money Market Placements |
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1,750,000 |
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7,850,430 |
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Investments |
11 |
50,502,550 |
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47,800,800 |
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Loans & Advances to Customers |
12 |
20,567,751 |
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9,280,593 |
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Property & Equipment |
13 |
13,898,048 |
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12,083,633 |
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Other Assets |
14 |
7,834,555 |
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5,596,082 |
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Income Tax Receivable |
9 |
1,514,896 |
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1,746,718 |
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Total Assets |
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116,840,418 |
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116,672,740 |
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Liabilities |
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Deposits from Customers |
15 |
88,911,642 |
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87,840,856 |
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Other Liabilities |
16 |
6,124,096
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9,927,523
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Total Liabilities |
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95,035,738
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97,768,379
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Shareholders' Equity |
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Issued
Share Capital |
17 |
1,000,000 |
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1,000,000 |
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Reserves |
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5,759,938 |
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5,759,938 |
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Retained Earnings |
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15,044,742 |
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12,144,423 |
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Total Equity |
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21,804,680 |
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18,904,361 |
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Total Liabilities & Shareholders' |
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Equity |
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116,840,418 |
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116,672,740 |
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The Financial Statements were approved
by the Board of Directors on
25 March 2004 |
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I I MAY-PARKER (CHAIRMAN) |
A. KAKAY (MANAGING DIRECTOR) |
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DAVID WOOBAY (DIRECTOR) |
BANKOLE JOHN (DIRECTOR) |
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