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SUMMARISED FINANCIAL STATEMENT AS AT 31 MARCH 2009
ASSETS BANK
2009
N'000
BANK 2008
N '000
BANK 2007
N '000
BANK 2006
N '000
Cash and short-term funds 135,323,258 585,809,897 158,433,251 46,263,777
Short-term investments 18,387,927 103,675,713 39,011,418 38,242,133
Loans and advances 391,688,687 244,595,621 107,750,578 54,111,173
On-lending facilities 5,092,026 5,096,061 3,256,564 1,634,579
Advances under finance lease 3,725,766 2,497,683 1,024,185 295,834
Other assets 15,841,206 24,898,063 5,521,365 16,611,122
Long-term investments 85,078,156 62,163,896 4,384,982 5,724,873
Equipment on lease 1,591,555 1,363,474 1,071,340 1,124,780
Fixed assets 18,132,114 13,364,613 8,161,511 3,953,161
Goodwill - - - 6,592,434
TOTAL ASSETS 674,865,041  1,043,465,021 328,615,194 174,553,866
 
LIABILITIES
Deposits and other accounts 405,657,055 351,789,279 205,234,734 110,879,330
Due to banks 30,511,299 69,248,044 6,616,718 7,210,170
On-lending facilities 5,143,461 5,147,536 3,289,458 1,651,090
Other liabilities 33,289,918 427,348,624 82,821,752 24,939,089
Taxation payable 6,471,362 2,659,923 1,751,833 699,109
Deferred taxation - 617,584 515,808 281,192
Borrowings 8,961,189 14,652,005 - -
TOTAL LIABILITIES 490,034,284 490,034,284 300,230,303 145,659,980
NET ASSETS 184,830,757 184,830,757 28,384,891 28,893,886
 
CAPITAL & RESERVES
Share capital 8,107,130 8,107,130 3,489,081 6,978,161
Bonus issue reserve - - - -
Capital reserve 3,489,080 3,489,080 3,489,080 -
Share premium 146,446,833 146,047,149 20,277,386 20,277,386
Other reserves 26,787,714 14,394,545 1,129,344 1,638,339
SHAREHOLDERS' FUND 184,830,757 172,002,026 28,384,891 28,893,886
Acceptances, bonds, guarantees and other obligations for the account of customers 134,224,075 155,035,766 80,130,170 30,090,825
 
PROFIT & LOSS ACCOUNT
Gross earnings 109,341,056 57,627,098 27,881,451 13,360,358
Profit before taxation 26,185,429 19,042,106 8,043,165 1,119,449
PROFIT AFTER TAX 20,814,216 16,056,464 6,083,439 737,149

 

Foreign Partners
The Netherlands Development Finance Company (FMO)
http://www.fmo.nl/

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