| CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER, 2007 |
| |
Group |
Group |
Bank |
Bank |
| |
2007 |
2006 |
2007 |
2006 |
ASSETS |
N'000 |
N'000 |
N'000 |
N'000 |
| |
|
|
|
|
| Cash and balances with CBN |
191,872,199 |
20,613, 473 |
186,871,542 |
20,589,296 |
| Treasury bills |
287,879,611 |
25,900,387 |
287,879,611 |
25,900,387 |
| Due from other banks |
122,163,536 |
180,300,894 |
121,287,431 |
180,208,013 |
| Loans & advances to customers |
339,498,600 |
99,119,594 |
338,338,721 |
98,839,459 |
| Advances under finance lease |
2,528,240 |
2,382,728 |
2,528,240 |
2,382,728 |
| Insurance receivables |
140,714 |
11,519 |
- |
- |
| Investment securities |
32,724,951 |
16,390,914 |
31,876,387 |
15,693,312 |
| Investment in subsidiaries |
67,698 |
30,000 |
6,013,528 |
1,113,066 |
| Other assets |
31,464,450 |
12,557,961 |
26,083,115 |
12,500,084 |
| Investment property |
369,623 |
270,349 |
- |
- |
| Property and equipment |
29,726,956 |
14,457,328
|
29,562,312 |
14,399,699 |
| |
|
|
|
|
| |
1,038,436,578 |
372,035,147 |
1,030,440,887 |
371,626,044 |
| |
|
|
|
|
| LIABILITIES |
|
|
|
|
| Customer deposits |
693,924,840 |
310,032,611 |
690,394,946 |
310,386,227 |
| Due to other banks |
50,741,716 |
9,088,695 |
49,372,532 |
8,839,511 |
| Liability on investment contracts |
61,441 |
- |
- |
- |
| Liabilities on insurance contracts |
477,364 |
78,487 |
- |
- |
| Borrowed funds |
21,460,070 |
- |
21,460,070 |
- |
| Current income tax |
4,184,958 |
1,402,184 |
3,952,555 |
1,396,215 |
| Other liabilities |
40,462,569 |
11,653,306 |
39,035,221 |
11,115,375 |
| Deferred income tax liabilities |
3,112,360 |
1,452,746 |
3,077,686 |
1,452,746 |
| Retirement benefit obligations |
880,882 |
765,814 |
672,491 |
765,814 |
| |
815,306,200 |
334,473,843 |
807,965,501 |
333,955,888 |
| |
|
|
|
|
| Minority interest |
354,146 |
(10,739) |
- |
- |
| |
|
|
|
|
| SHAREHOLDERS' FUND |
|
|
|
|
| Share capital |
5,821,003 |
4,656,803 |
5,821,003
|
4,656,803
|
| Share premium |
14,677,493
|
14,677,493 |
14,677,493 |
14,677,493 |
| Retained earnings |
16,284,975 |
6,117,622 |
16,013,220 |
6,217,666 |
| Other reserves |
14,409,901 |
12,120,125 |
14,380,810 |
12,118,194 |
| Deposit for shares |
171,582,860 |
- |
171,582,860 |
- |
| |
222,776,232 |
37,572,043 |
222,475,386 |
37,670,156 |
| |
|
|
|
|
| Liabilities, minority interest and equity |
1,038,436,578 |
372,035,147 |
1,030,440,887 |
371,626,044 |
| |
|
|
|
|
| Acceptances and guarantees |
219,535,338 |
94,867,608 |
224,135,338 |
94,867,608
|
|
|
|
