Balance Sheet as at 31 December 2012
Cash and balances with Central Bank
63,622,016
36,810,450
Due from banks
33,878,671
53,695,139
Pledged assets
57,412,053
49,700,219
Loans and advances to Customers
229,420,874
162,063,156
Held for Trading
1,998,860
Available for Sale
16,857,561
3,233,254
Held to Maturity
155,935,974
169,242,661
Other assets
6,132,005
13,258,260
Property, plant and equipment
7,793,316
8,930,814
Intangible assets
203,465
143,115
Deferred tax assets
6,971,145
6,971,145
TOTAL ASSETS
580225940
504048213
Deposits from Banks
3,118,775
17,744,296
Deposits from Customers
463,726,325
392,049,881
Current income tax liabilities
803,422
677,926
Other borrowed funds
30,356,039
27,301,377
Debt securities in issue
4,563,612
4,562,000
Other liabilities
31,015,373
20,655,397
TOTAL LIABILITIES
533583546
462990877
Share capital
7,851,931
7,851,931
Share premium
18,689,788
18,689,788
Retained earnings
6,019,078
2,780,714
Other components of equity
14,081,597
11,734,903
TOTAL EQUITY AND LIABILITIES
580225940
504048213
For the year ended 31 December 2012
Gross Earnings
68,856,815
47,740,668
Profit before taxation
7,499,651
5,640,306
Taxation
-546,112
1,268,292
Profit after taxation
6,953,539
6,908,598
Other Comprehensive Income
Fair value loss on available for sale investments
148,935
-102,115
Reclassification adjustments for gain
included in the income statement
98,714
Other comprehensive income for the
period net of tax
247,649
-102,115
Profit attributable to:
Equity holders of the Bank
6,953,539
6,908,598
Total comprehensive income attributable: Equity holders of the Bank
7,201,188
6,806,483
Earnings per share - basic and diluted (in
kobo)
44k
53k
Earnings per share - adjusted (in kobo)
44k
53k
Total non-performing loan as % of gross
loan
0
0
Investment Valuation Ratios
Return on Net Worth(%)
0.00%
Cash Flow Indicator Ratios
Capital Adequacy Ratio
0.08%
Equity capital to deposits
0%
Non-Interest Income/Gross Earnings
7%