|
PROFIT
& LOSS ACCOUNT FOR THE YEAR ENDED 31st DECEMBER
2002
| PARTICULARS |
31st DEC., 2002
|
31st DEC., 2001
|
| |
Nu. ch
|
Nu. ch
|
| |
|
|
| Interest on loans |
195,858,597.01
|
151,285,030.69
|
| Interest on bills
& cheques |
33,750.50
|
58,590.31
|
| Interest on deposits
with other banks |
87,183,259.64
|
146,871,444.19
|
| Interest on RMA
bills & CRR |
23,783,950.13
|
12,270,262.28
|
| Interest
Income |
306,859,557.28
|
310,485,327.47
|
| |
|
|
| Interest on saving
deposits |
17,191,140.57
|
15,883,509.33
|
| Interest on fixed
deposits |
181,516,572.36
|
176,700,427.72
|
| Interest on recurring
deposits |
188,046.20
|
370,800.46
|
| Interest on fixed
term units |
1,280,894,25
|
3,364,079.00
|
| Interest on miscellaneous
accomodations |
0.00
|
104,661.30
|
| Interest Expenses |
200,176,653.38
|
196,432,477.81
|
| |
|
|
| Interes Differential |
106,682,903.90
|
114,061,849.66
|
| Exchange, commissions,
& recoveries |
18,315,427.05
|
15,093,957.93
|
| Forex gains |
1,138,430.00
|
6,439.275.00
|
| Surpluses on disposal
of assets |
13,780,261.30
|
32,261,348.15
|
| Rents & other
receipts |
420,000.00
|
293.169.44
|
| |
3,306,207.69
|
2,273,715.07
|
| Other Income |
36,960,326.04
|
56,361,465.59
|
| |
|
|
| Gross Operating
Income |
143,643,229.94
|
170,423,315.25
|
| |
|
|
| Employment costs |
27,484,071.26
|
25,437,156.46
|
| Establishment
overheads |
6,352,201.57
|
5,097,819.25
|
| Communication
costs |
3,379,006.50
|
3,246,517.38
|
| Travelling expenses |
2,489,339.70
|
2,261,880.75
|
| Vehicles expenses |
396,651.16
|
532,765.14
|
| Computer running
& maintenances |
2,996,325.64
|
2,263,576.64
|
| Advertisements
& publicity |
759,092.80
|
919,367.75
|
| Entertainments |
136,746.00
|
121,510.55
|
| Gifts |
101,677.00
|
110,960.00
|
| Donations |
265,000.00
|
0.00
|
| HRD costs |
6,922,424.70
|
3,115,779.04
|
| Audit fees &
expenses |
120,000.00
|
120,000.00
|
| Legal & listing
expenses |
93,550.00
|
38,800.00
|
| Board meetings
expenses |
217,533.00
|
139,404.00
|
| Other banks charges |
851,785.90
|
589,528.34
|
| Miscellaneous
expenses |
1,566,794.85
|
820,988.71
|
| Deprecation |
5,976,479.42
|
5,358,490.67
|
| Operating Expenses |
60,108,679.50
|
50,174,544.68
|
| |
|
|
Net Operating
Income
(carried forward) |
83,534,550.44
|
120,248,770.57
|
| |
|
|
|
|
