|
NOTES TO THE FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 DECEMBER 2002 |
|
|
|
|
|
|
|
|
Notes |
Le'000 |
|
Le'000 |
|
Interest Income |
2 |
|
|
|
|
Short Term Funds |
|
6,022,130 |
|
5,316,672 |
|
Advances |
|
1,911,666 |
|
1,716,423 |
|
|
|
7,933,796 |
|
7,033,095 |
|
Interest Income |
3 |
|
|
|
|
Current & Savings Accounts |
|
1,257,254 |
|
936,924 |
|
Time Deposits |
|
141,819 |
|
299,838 |
|
|
|
1,399,073 |
|
1,236,762 |
|
Other Operating Income |
4 |
|
|
|
|
Foreign Exchange Trading Income |
|
6,970,252 |
|
4,815,721 |
|
Commission from Banking & Other Services |
|
2,610,566 |
|
2,359,682 |
|
|
|
9,580,818 |
|
7,175,403 |
|
Charges for Bad & doubtful Debts |
5 |
|
|
|
|
Increase in Provision |
|
(830,299) |
|
(470,825) |
|
Recoveries |
|
963,723 |
|
1,401,463 |
|
|
|
133,424 |
|
930,638 |
|
Operating Expenses |
6 |
|
|
|
|
Staff Cost: |
|
|
|
|
|
Salaries & Allowances |
|
2,738,977 |
|
2,098,991 |
|
Gratuity Fund Contributions |
|
189,173 |
|
136,312 |
|
Training & Other Employee Costs |
|
1,238,544 |
|
1,152,949 |
|
|
|
4,166,694 |
|
3,388,252 |
|
Other Costs: |
|
|
|
|
|
Depreciation |
|
1,690,777 |
|
1,377,235 |
|
Occupancy Cost |
|
671,849 |
|
620,985 |
|
Audit Fees |
|
25,500 |
|
22,000 |
|
Donations |
|
74,974 |
|
94,200 |
|
Administration Costs |
|
3,087,226 |
|
2,143,279 |
|
|
|
5,550,326 |
|
4,257,699 |
|
Total Operating Expenses |
|
9,717,020 |
|
7,645,951 |
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