|
|
 |
Balance Sheet |
|
|
|
 |
|
As At 30 June 2004 |
Notes |
|
2003 |
|
Assets |
|
|
|
|
Cash
and balances with other banks |
|
|
|
|
Cash
on hand |
|
77,215,256 |
102,797,325 |
|
Deposits with local commercial banks |
|
80,540,449 |
34,175,425 |
|
Deposits with foreign banks |
|
190,113,126 |
245,141,844 |
|
Reserve
account
with National Bank of Ethiopia |
|
224,472,042 |
138,292,965 |
|
|
572,340,873 |
520,407,559 |
|
Treasury Bills |
|
299,039,000 |
129,445,600 |
|
Investments |
3 |
25,551,795 |
22,801,795 |
|
Items
in course of collection from other banks |
4 |
80,177,858 |
46,130,214 |
|
Loans and advances to customers |
5 |
1,627,369,234 |
1,217,873,555 |
|
other assets |
6 |
32,868,517
|
28,898,556
|
|
Fixed assets |
7 |
39,296,772
|
25,914,557
|
|
Total Assets |
|
2,676,644,049
|
1,991,471,836
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
Customers' deposits |
|
|
|
|
Demand deposits |
|
623,230,151 |
466,326,634 |
|
Saving deposits |
|
1,447,755,549 |
1,056,330,662 |
|
Fixed deposits |
|
106,748,362 |
98,727,688
|
|
|
2,177,734,062 |
1,621,384,984
|
|
Margin held on letters of credit |
|
100,681,544 |
94,101,523
|
|
Other liabilities |
8 |
165,789,128 |
116,766,380 |
|
provision for proposed dividends |
14
|
38,000,000 |
20,000,000 |
|
provision for taxation |
12
|
22,289,956 |
10,331,984 |
|
|
|
|
|
TOTAL LIABILITIES |
|
2,504,494,690 |
1,862,584,871 |
|
|
|
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
Share capital |
9 |
100,000,000 |
75,000,000
|
|
Legal reserve |
|
38,787,340 |
24,721,741 |
|
Retained earnings |
14 |
33,362,019 |
29,165,224 |
|
|
172,149,359 |
128,886,965 |
|
TOTAL LIABILITIES AND
SHAREHOLDERS' FUNDS
|
|
|
|
|
2,676,644,049 |
1,991,471,836 |
|
|
|
