Balance Sheet
| |
|
Group |
Group |
Company |
Company |
| |
Notes |
2010 |
2009 |
2010 |
2009 |
| ASSETS: |
|
|
|
|
|
N’000 |
N’000 |
N’000 |
N’000 |
|
|
|
|
| Cash and balances with CBN |
8 |
204,755 |
48,586 |
204,660 |
48,530 |
| Treasury Bills |
9 |
279,088 |
1,811,091 |
279,088 |
1,811,091 |
| Due from other banks |
10 |
3,801,520 |
7,649,618 |
3,223,488 |
6,590,094 |
| Loans and Advances |
11 |
9,043,425 |
13,584,090 |
9,042,624 |
13,573,855 |
| Investment Securities |
14 |
126,261,753 |
36,678,351 |
124,827,951 |
36,522,460 |
| Investment in subsidiaries |
15 |
- |
- |
250,000 |
250,000 |
| Deferred tax asset |
17 |
1,451,019 |
1,166,618 |
1,446,666 |
1,162,265 |
| Other assets |
18 |
21,774,411 |
61,111,024 |
21,723,095 |
61,059,546 |
| Property and equipment |
19 |
352,913 |
93,776 |
349,641 |
87,855 |
| TOTAL ASSETS |
|
163,168,884 |
122,143,154 |
161,347,213 |
121,106,596 |
| |
|
|
|
|
|
| LIABILITIES: |
| Customer deposits |
20 |
17,569,758 |
6,207,938 |
16,232,910 |
5,532,455 |
| Due to other banks |
21 |
109,538,688 |
44,359,668 |
109,538,688 |
44,359,668 |
| Other liabilities |
22 |
22,509,982 |
60,787,711 |
22,336,008 |
60,772,819 |
| Current income tax |
7b |
258,046 |
799,556 |
185,308 |
725,315 |
| TOTAL LIABILITIES |
|
149,876,474 |
112,154,873 |
148,292,914 |
111,390,257 |
| NET ASSETS |
|
13,292,410 |
9,988,281 |
13,054,229 |
9,716,339 |
| |
|
|
|
|
|
| CAPITAL AND RESERVES: |
| Share capital |
23 |
4,000,000 |
4,000,000 |
4,000,000 |
4,000,000 |
| Share premium |
24 |
3,000,000 |
3,000,000 |
3,000,000 |
3,000,000 |
| Statutory reserve |
25 |
2,087,353 |
1,586,659 |
2,087,353 |
1,586,659 |
| General reserve |
25 |
4,480,829 |
2,915,234 |
4,233,580 |
2,619,904 |
| SHAREHOLDERS’
FUNDS |
|
13,292,410 |
9,988,281 |
13,054,299 |
9,716,339 |
|
 |
