NOTES ON ACCOUNTS : (1999)

1. In conformity with the Accounting Policy and guidelines (issued by the Royal Monetary Authority of Bhutan), interest earned (but, not collected) amounting to Nu. 19,738,437.39 - previous year: Nu. 24,025,674.78 have not been recognised as income.

2. Guarantees given and letters of credit issued (on behalf of various clients), outstanding at the year-end, amount to Nu. 112,465,852.62 and
Nu. 13,497,378.21 (net of margins) respectively - previous year:
Nu. 97,399,175.84 and Nu. 10,343,009.60 (net) respectively.

3. Depreciation on assets acquired (through capital grants) has been charged-off to revenue, instead of adjusting the same against capital reserve.

4. Balances appearing under loans, advances, & other receivables are awaiting confirmations.

5. Previous year's figures have been re-arrangedlre-grouped, wherever necessary.