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PROFIT
& LOSS ACCOUNT FOR THE YEAR ENDED 31st DECEMBER
2001
| PARTICULARS |
31st DEC., 2001
|
31st DEC., 2000
|
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Nu. ch
|
Nu. ch
|
| |
|
|
| Interest on loans |
151,285,030.69
|
125,763,278.90
|
| Interest on bills
& cheques |
58,590.31
|
35,302,82
|
| Interest on deposits
with other banks |
146,871,444.19
|
143,949,110.50
|
| Interest on RMA
bills & CRR |
12,270,262.28
|
5,365,406.40
|
| Interest
Income |
310,485,327.47
|
275,113,098.62
|
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|
|
| Interest on saving
deposits |
15,883,509.33
|
11,836,807.22
|
| Interest on fixed
deposits |
176,700,427.72
|
138,769,152.04
|
| Interest on recurring
deposits |
370,800.46
|
415,103.18
|
| Interest on fixed
term units |
3,364,079.00
|
4,572,545.13
|
| Interest on miscellaneous
accomodations |
104,661.30
|
181,758.14
|
| Interest Expenses |
196,432,477.81
|
155,775,367.71
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| Interes Differential |
114,061,849.66
|
119,337,732.91
|
| Exchange, commissions,
& recoveries |
15,093,957.93
|
13,370,914.62
|
| Forex gains |
6,439.275.00
|
6,034,780.00
|
| Surpluses on disposal
of assets |
32,261,348.15
|
49,248,062.51
|
| Rents & other
receipts |
293.169.44
|
0.00
|
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2,273,715.07
|
1,612,290.71
|
| Other Income |
56,361,465.59
|
70,266,047.84
|
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| Gross Operating
Income |
170,423,315.25
|
110,298,486.22
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| Employment costs |
25,437,156.46
|
22,001,818,48
|
| Establishment
overheads |
5,097,819.25
|
3,437,056.33
|
| Communication
costs |
3,246,517.38
|
2,544,303.04
|
| Travelling expenses |
2,261,880.75
|
1,384,771.31
|
| Vehicles expenses |
532,765.14
|
683,805.20
|
| Computerisation |
2,263,576.64
|
2,130,819.13
|
| Advertisements
& publicity |
919,367.75
|
667,616.10
|
| Entertainments |
121,510.55
|
146,176.30
|
| Gifts |
110,960.00
|
66,675.00
|
| Donations |
0.00
|
10,140,000.00
|
| HRD costs |
3,115,779.04
|
2,071,309.18
|
| Audit fees &
expenses |
120,000.00
|
120,000.00
|
| Legal & listing
expenses |
38,800.00
|
40,221.00
|
| Board meetings
expenses |
139,404.00
|
170,548.20
|
| Other banks charges |
589,528.34
|
359,932.63
|
| Miscellaneous
expenses |
820,988.71
|
344,784.35
|
| Deprication |
5,358,490.67
|
3,448,627.86
|
| Bank promotion
expenses |
0.00
|
0.00
|
| Operating Expenses |
50,174,544.68
|
49,758,464,11
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Net Operating
Income
(carried forward) |
120,248,770.57
|
139,845,316.64
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