— Who We Are — Our financials — Balance sheet
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
|
