|
|
 |
Balance Sheet |
|
|
|
 |
|
As At 30 June 2003 |
Notes |
|
2002 |
|
Assets |
|
|
|
|
Cash
and balances with other banks |
|
|
|
|
Cash
on hand |
|
102,797,325 |
57,653,937 |
|
Deposits with local commercial banks |
|
34,175,425 |
27,652,760 |
|
Deposits with foreign banks |
|
245,141,844 |
191,928,832 |
|
Reserve
account
with National Bank of Ethiopia |
|
138,292,965 |
101,233,307 |
|
|
520,407,559 |
378,468,836 |
|
Treasury Bills |
|
129,445,600 |
129,954,200 |
|
Government
bonds |
|
|
10,000,000 |
|
Investments |
3 |
22,801,795 |
21,347,398 |
|
Items
in course of collection from other banks |
4 |
46,130,214 |
62,284,675 |
|
Loans and advances to customers |
5 |
1,217,873,555 |
845,024,455 |
|
other assets |
6 |
28,898,556 |
16,854,554 |
|
Fixed assets |
7 |
25,914,557 |
22,413,247 |
|
Total Assets |
|
1,991,471,836 |
1,486,347,365 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
Customers' deposits |
|
|
|
|
Demand deposits |
|
466,326,634 |
393,335,151 |
|
Saving deposits |
|
1,056,330,662 |
737,269,441 |
|
Fixed deposits |
|
98,727,688 |
60,557,797 |
|
|
1,621,384,984 |
1,191,162,389 |
|
Margin held on letters of credit |
|
94,101,523 |
60,124,576 |
|
Other liabilities |
8 |
116,766,380 |
83,000,838 |
|
provision for proposed dividends |
14
|
20,000,000 |
15,000,000 |
|
provision for taxation |
12
|
10,331,984 |
14,699,117 |
|
|
|
|
|
TOTAL LIABILITIES |
|
1,862,584,871 |
1,363,986,920 |
|
|
|
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
Share capital |
9 |
75,000,000 |
75,000,000
|
|
Legal reserve |
|
24,721,741 |
18,090,112 |
|
Retained earnings |
14 |
29,165,224 |
29,270,333 |
|
|
128,886,965 |
122,360,445 |
|
TOTAL LIABILITIES AND
SHAREHOLDERS' FUNDS
|
|
|
|
|
1,991,471,836 |
1,486,347,365 |
|
|
|
