|
|
 |
Balance Sheet |
|
|
|
 |
|
As At 30 June 2005 |
Notes |
|
2004 |
|
Assets |
|
|
|
|
Cash
and balances with other banks |
|
|
|
|
Cash
on hand |
|
109,768,024 |
77,215,256 |
|
Deposits with local commercial banks |
|
75,207,630 |
80,540,449 |
|
Deposits with foreign banks |
|
419,626,669 |
190,113,126 |
|
Deposit with National Bank of Ethiopia |
3
|
415,648,794 |
224,472,042 |
|
|
1,020,251,117 |
572,340,873 |
|
Investments |
4
|
27,801,795 |
25,551,795 |
|
Items
in course of collection from other banks |
5
|
122,774,202 |
80,177,858 |
|
Loans and advances to customers |
6
|
2,160,632,436 |
1,627,369,234 |
|
other assets |
7
|
42,557,514
|
32,868,517 |
|
Fixed assets |
|
45,791,652 |
39,296,772 |
|
Total Assets |
|
3,419,808,716 |
2,676,644,049 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
Customers' deposits |
|
|
|
|
Demand deposits |
|
793,030,926 |
623,230,151 |
|
Saving deposits |
|
1,897,045,435 |
1,447,755,549 |
|
Fixed deposits |
|
142,930,754 |
160,748,362 |
|
|
2,833,007,115 |
2,177,734,062 |
|
Margin held on letters of credit |
|
103,601,739 |
100,681,544 |
|
Other liabilities |
9
|
213,869,232 |
165,789,128 |
|
provision for taxation |
13
|
26,447,616 |
22,289,956
|
|
|
|
|
|
TOTAL LIABILITIES |
|
3,176,925,702 |
2,504,494,690 |
|
|
|
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
Share capital |
10
|
100,000,000 |
100,000,000
|
|
Legal reserve |
|
56,576,329 |
38,787,340 |
|
Retained earnings |
15
|
86,306,685 |
33,362,019 |
|
|
242,883,014 |
172,149,359 |
|
TOTAL LIABILITIES AND
SHAREHOLDERS' FUNDS
|
|
|
|
|
3,419,808,716 |
2,676,644,049 |
|
|
|
