|
PROFIT
& LOSS ACCOUNT FOR THE YEAR ENDED 31st DECEMBER
1999
| PARTICULARS |
31st DEC., 1999
|
31st DEC., 1998
|
| |
Nu. ch
|
Nu. ch
|
| |
|
|
| Interest on loans |
108,504,117.06
|
104,971,385.17
|
| Interest on bills
& cheques |
96,488.25
|
173,683.93
|
| Interest on deposits
with other banks |
54,586,860.34
|
10,721,665.67
|
| Interest on RMA
bills & CRR |
7,543,812.70
|
5,129,359.14
|
| Interest
Income |
2,816,145,387.22
|
1,402,817,153.06
|
| |
|
|
| Interest on saving
deposits |
8,199,336.54
|
5,444,263.90
|
| Interest on fixed
deposits |
73,499,156.37
|
43,977,399.76
|
| Interest on recurring
deposits |
558,368.13
|
604,183.00
|
| Interest on fixed
term units |
6,677,966.70
|
10,815,388.84
|
| Interest on personal
funds |
0.00
|
176,247.29
|
| Interest Expenses |
88,934,827.74
|
61,017,477.79
|
| |
|
|
| Interes Differential |
9,337,193.18
|
59,978,616.12
|
| Exchange, commissions,
& recoveries |
7,842,800.00
|
4,864,998.36
|
| Forex gains |
9,648,630.23
|
10,988,033.08
|
| Surpluses on disposal
of assets |
80,000.75
|
5,871.42
|
| Rents & other
receipts |
1,593,411.45
|
621,755.03
|
| Other Income |
28,502,035.61
|
21,632,447.89
|
| |
|
|
| Gross Operating
Income |
110,298,486.22
|
81,611,064.01
|
| |
|
|
| Employment costs |
19.895,467.56
|
16,232,998.01
|
| Establishment
overheads |
3,318,329.37
|
2,464,197.72
|
| Communication
costs |
2,266,001.50
|
1,786,114.00
|
| Travelling expenses |
1,001,651.75
|
1,140,055.51
|
| Vehicles expenses |
708,023.86
|
557,498.40
|
| Computerisation |
1,696,912.76
|
1,556,540.05
|
| Advertisements
& publicity |
980,314.50
|
456,384.00
|
| Entertainments |
980,314.50
|
456,384.00
|
| Gifts |
199,518.02
|
100,431.60
|
| Donations |
1,025,000.00
|
90,000.00
|
| HRD costs |
2,204,537.42
|
469,192.60
|
| Audit fees &
expenses |
120,000.00
|
120,000.00
|
| Legal & listing
expenses |
71,130.00
|
34,889.00
|
| Board meetings
expenses |
202,562.80
|
94,798.40
|
| Other banks charges |
191,356.37
|
343,176.88
|
| Miscellaneous
expenses |
257,829.88
|
439,640.73
|
| Deprication |
3,095,722.19
|
2,580,588.47
|
| Bank promotion
expenses |
668,646.68
|
1,645,544.65
|
| Operating Expenses |
38,022,038.66
|
30,235,005.02
|
| |
|
|
Net Operating
Income
(carried forward) |
72,276,447.56
|
51,376,058.99
|
| |
|
|
|
|
