| |
|
BALANCE
SHEET AS OF 31st DECEMBER 1998
| |
SCHEDULE
|
31st DEC., 1998
|
31st DEC., 1997
|
| |
|
Nu. ch
|
Nu. ch
|
| ASSETS |
|
|
|
| Cash & Bank
Balances |
1
|
|
309,299,357.65
|
| Equity Investments |
2
|
11,266,675.00
|
10,441,000.00
|
| Loans |
3
|
732,062,952.01
|
686,998,463.64
|
| Other Assets |
4
|
6,697,095.80
|
5,862,366.01
|
| Fixed Assets (at
cost, less depreciation) |
5
|
21,509,412.10
|
20,694,010.81
|
| Total
Assets |
|
1,402,817,153.06
|
1,033,295,198.11
|
| |
|
|
|
| LIABILITIES |
|
|
|
| Share Capital |
6
|
59,504,000.00
|
59,504,000.00
|
| Reserves |
7
|
98,218,497.34
|
80,185,371.49
|
| Deposits |
8
|
1,110,848.56
|
767,365,651.22
|
| Current Liabilities |
9
|
15,766,191.76
|
20,602,525.48
|
| Provisions |
10
|
118,479,868.40
|
105,637,649.92
|
| Total Liabilities |
|
1,402,817,153.06
|
1,033,295,198.11
|
| |
|
|
|
| Significant
Accounting Policies & Notes on Accounts |
11
|
|
|
|
|
The Schedules referred to above
form part of the Balance Sheet. This is the Balance
Sheet referred to in our report of even date.
Sd/-
DELOITTE HASKINS AND
SELLS
Chartered Accountants
25th March, 1999
|
