US$ Accounts
Statement of Financial Position
| Company | ||
| As at 31st March | 2013/14 | 2012/13 |
| US$ | US$ | |
| Assets | ||
| Cash and cash equivalents | 3,530,956 | 1,616,742 |
| Deposits with commercial banks | 20,657,802 | 10,513,951 |
| Loans and receivables to customers | 196,373,621 | 153,154,227 |
| Financial investments - available-for-sale | 6,027,481 | 4,440,501 |
| Financial investments - held-to-maturity | 14,005,275 | 9,059,766 |
| Financial investments - loans and receivable | 1,740,458 | 1,103,654 |
| Investment in subsidiary | 20,958 | 21,618 |
| Investment properties | 154,183 | 159,039 |
| Property, plant and equipment | 7,667,716 | 5,178,880 |
| Intangible assets | 593,769 | 544,216 |
| Other assets | 7,002,913 | 6,758,048 |
| Total assets | 257,775,132 | 192,550,641 |
| Liabilities | ||
| Deposit from customers | 187,161,777 | 139,930,493 |
| Debentures | 8,949,106 | 2,042,349 |
| Other interest-bearing borrowings | 23,984,776 | 19,714,209 |
| Current tax liabilities | 368,956 | 732,010 |
| Deferred tax liabilities | 1,109,796 | 251,278 |
| Retirement benefit obligations | 1,215,585 | 812,316 |
| Other liabilities | 7,680,449 | 5,720,755 |
| Total liabilities | 230,470,444 | 169,203,411 |
| Equity | ||
| Stated capital | 9,046,272 | 9,331,194 |
| Reserve fund | 3,801,178 | 3,037,101 |
| Revaluation reserve | 1,013,473 | 1,045,394 |
| Investment fund reserve | 669,813 | 401,049 |
| Available-for-sale reserve | 5,264,816 | 3,653,815 |
| Retained earnings | 7,509,135 | 5,878,677 |
| Total parent company shareholders’ equity | 27,304,688 | 23,347,230 |
| Non-controlling interests | – | – |
| Total equity | 27,304,688 | 23,347,230 |
| Total equity and liabilities | 257,775,132 | 192,550,641 |
| Net asset value per ordinary US$ | 0.50 | 0.43 |
US$ Accounts
The Statement of Financial Position and the Statement of Comprehensive Income given in the Annexes are solely for the convenience of shareholders, investors, bankers and other users of Financial Statements and do not form part of the Financial Statements.Statement of Comprehensive Income
Company |
Group |
|||
| For the year ended 31st March | 2013/14 | 2012/13 | 2013/14 | 2012/13 |
| US$ | US$ | US$ | US$ | |
| Income | 46,756,958 | 33,951,575 | 46,756,958 | 33,951,575 |
| Interest income | 45,004,607 | 32,184,151 | 45,004,607 | 32,184,151 |
| Interest expenses | 27,125,212 | 18,791,892 | 27,125,212 | 18,791,892 |
| Net interest income | 17,879,395 | 13,392,259 | 17,879,395 | 13,392,259 |
| Fees and commission income | 1,219,151 | 944,215 | 1,219,151 | 944,215 |
| Less: Fee and commission expense | ||||
| Net fee and commission income | 1,219,151 | 944,215 | 1,219,151 | 944,215 |
| Net Interest, fee and commission income | 19,098,546 | 14,336,474 | 19,098,546 | 14,336,474 |
| Net trading income | ||||
| Other operating income | 533,200 | 823,209 | 533,200 | 823,209 |
| Total operating income | 19,631,746 | 15,159,684 | 19,631,746 | 15,159,684 |
| Less: Impairment charges for loans and other losses | 2,587,687 | 1,014,079 | 2,587,687 | 1,014,079 |
| Net operating income | 17,044,060 | 14,145,604 | 17,044,060 | 14,145,604 |
| Less: Operating expenses | ||||
| Staff costs | 3,991,960 | 3,406,070 | 3,991,960 | 3,406,070 |
| Premises, equipment and establishment expenses | 4,903,958 | 3,513,896 | 4,903,958 | 3,514,683 |
| Other operating expenses | 2,173,875 | 1,987,379 | 2,173,875 | 1,987,379 |
| 11,069,793 | 8,907,345 | 11,069,793 | 8,908,133 | |
| Operating profit before value added tax | 5,974,267 | 5,238,259 | 5,974,267 | 5,237,472 |
| Value added tax (vat) on financial services, Crop insurance levy Nation building tax on financial services |
401,991 | 322,648 | 401,991 | 322,648 |
| Profit before taxation | 5,572,275 | 4,915,611 | 5,572,275 | 4,914,823 |
| Income tax expense | 1,288,208 | 1,063,925 | 1,288,208 | 1,063,925 |
| Profit for the year | 4,284,067 | 3,851,686 | 4,284,067 | 3,850,898 |
| Profit attributable to- | ||||
| Non-controlling interests | ||||
| Parent company shareholders | 4,284,067 | 3,851,686 | 4,284,067 | 3,850,898 |
| Profit for the year | 4,284,067 | 3,851,686 | 4,284,067 | 3,850,898 |
| Other comprehensive income: | ||||
| Net actuarial gain/(loss) on defined benefit plans | (196,290) | 53,570 | (196,290) | 53,570 |
| Net gain/(loss) on re-measuring of available-for-sale financial investment |
1,722,568 | 832,677 | 1,722,568 | 832,677 |
| Net change in revaluation surplus | 950,384 | 950,384 | ||
| Other comprehensive income for the year net of taxation | 1,526,278 | 1,836,630 | 1,526,278 | 1,836,630 |
| Total comprehensive income for the year | 5,810,345 | 5,688,316 | 5,810,345 | 5,687,529 |
| Total comprehensive income attributable to - | ||||
| Non-controlling interests | ||||
| Parent company shareholders | ||||
| Total comprehensive income for the year | 5,810,345 | 5,688,316 | 5,810,345 | 5,687,529 |
| Basic earnings per ordinary share US$ | 0.08 | 0.07 | 0.08 | 0.07 |
| Dividend per Share US$ | 0.02 | 0.02 | 0.02 | 0.02 |