AMCON declares FY 2013 results, Total Liabilities now at N5.21trillion

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Friday, September 12, 2014 2.45 PM / Research
 
 

Highlights
FY2013 was the Corporation’s Third full operational year in which it undertook its mandate to stimulate the recovery of the Nigerian financial system

 

Balance Sheet

  • Total Assets:            N1.75 trillion
  • Total liabilities:         N5.21 trillion
  • Total Equity:            N(3.46) trillion
     

Income Statement 

  • Net Interest Income:                            N(437.02) billion
  • Net Fee & Comm Income:                      N1.27 billion
  • Loss for the year:                                N(635.88) billion
  • Total Comprehensive Loss for the year:     N(636.79) billion
     

Operational Highlights
AMCON prepared its financial statements in accordance with the IFRS for the first time.
 

AMCON bonds of N4.5 trillion face value was redeemed in December. The bonds was part refinanced by a loan of N3.8 trillion from CBN
 

Financials

 

 

Corporate Declaration                         

Proposed Dividend                  Nil
Proposed Bonus                      Nil   

Payment Date                         Nil        

Closure Date                           Nil       

AGM Date                                Nil       

AGM Venue                              Nil   


Download Abridged PDF Report Here

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