|
|
Annual Report 2006
Balance Sheet
AT 31ST DECEMBER, 2006
EARNINGS ASSETS
|
Notes
|
2006
|
2005
|
| Loans |
3 |
28,245,632
|
23,855,254
|
| Investments - held to maturity |
4 |
5,336,636
|
5,892,991
|
| other |
5 |
73,855
|
73,855
|
|
Total earning assets
|
|
33,656,123
|
29,822,100
|
NON-EARNING ASSETS
|
| Fixed assets |
6 |
2,423,159
|
2,383,219
|
|
|
|
|
| Other Assets |
| Inventory |
|
70
|
150
|
| Receivables and prepayments |
7 |
396,840
|
281,191
|
| Cash on hand and in bank |
8 |
739,147
|
857,261
|
| Total non-earning assets |
|
3,559,216
|
3,521,821
|
|
Total assets
|
|
$37,215,339
|
$33,343,921
|
LIABILITIES
|
| Deposits |
|
29,509,230
|
26,630,246
|
| Non-interest bearing liabilities |
|
192,434
|
210,576
|
|
Total liabilities
|
|
29,701,664
|
26,840,822
|
CAPITAL
|
| Institutional capital |
| Shares |
9 |
4,205,625
|
3,502,720
|
| Statutory reserve |
|
1,168,893
|
1,051,935
|
| Accumulated surplus |
|
1,986,677
|
1,753,627
|
| Other Funds and Reserves |
| Institutional strengthening grant |
|
-
|
29,484
|
| Rural Development fund |
|
1,869
|
1,124
|
| Development fund |
|
28,939
|
38,112
|
| Micro-capital grant |
10 |
54,696
|
54,696
|
| Special fund |
|
50,000
|
50,000
|
| Capital reserve |
|
16,976
|
21,401
|
|
Total capital
|
|
7,513,675
|
6,503,099
|
|
Total liabilities and capital
|
|
$37,215,339
|
$33,343,921
|
The notes on pages 32-36 form part of these financial statements
|
