BANK OF INDIA
KENYA BRANCHESAUDITED FINANCIAL STATEMENTS AND OTHER
DISCLOSURES |
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Institution: |
BANK OF INDIA KENYA BRANCHES |
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Financial Year: |
2007 |
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Start Date: |
01.01.2007 |
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End Date: |
31.12.2007 |
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A: |
BALANCE SHEET |
BANK |
BANK |
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31st Dec, 2007 |
31st Dec, 2006 |
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Shs '000 |
Shs '000 |
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1 |
ASSETS |
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1.1 |
Cash ( both Local & Foreign) |
35,230
|
34,390 |
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1.2 |
Balances due from Central Bank of
Kenya |
566,335
|
432,664 |
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1.3 |
Kenya Government securities |
5,563,188
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4,464,604 |
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1.4 |
Foreign Currency Treasury Bills &
Bonds |
-
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- |
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1.5 |
Deposits and balances due from local
banking institutions |
215,000
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- |
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1.6 |
Deposits and balances due from
banking institutions abroad |
178,420
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260,594 |
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1.7 |
Kenya Government and other
securities held for dealing purposes |
-
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- |
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1.8 |
Tax recoverable |
-
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- |
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1.9 |
Loans and advances to customers
(net) |
3,564,024
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3,232,253 |
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1.10 |
Investment securities |
-
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- |
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1.11 |
Balances due from group companies |
-
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- |
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1.12 |
Investments in associates |
-
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- |
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1.13 |
Investments in subsidiary companies |
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- |
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1.14 |
Investments in joint ventures |
-
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- |
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1.15 |
Investment properties |
-
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- |
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1.16 |
Property and equipment |
98,050
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107,835 |
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1.17 |
Prepaid lease rentals |
82
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157 |
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1.18 |
Intangible assets |
1,961
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3,654 |
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1.19 |
Deferred tax asset |
12,944
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13,216 |
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1.20 |
Retirement benefit asset |
-
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- |
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1.21 |
Other assets |
109,028
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153,110 |
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1.22 |
TOTAL ASSETS |
10,344,262
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8,702,477 |
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2 |
LIABILITIES |
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2.1 |
Balances due to Central Bank of
Kenya |
-
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- |
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2.2 |
Customer deposits |
8,607,550
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7,145,828 |
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2.3 |
Deposits and balances due to local
banking institutions |
31,850
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171,000 |
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2.4 |
Deposits and balances due to foreign
banking institutions |
-
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2.5 |
Other money market deposits |
-
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2.6 |
Borrowed funds |
-
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2.7 |
Balances due to group companies |
26,170
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119,391 |
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2.8 |
Tax payable |
62,423
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45,340 |
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2.9 |
Dividends payable |
-
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2.10 |
Deferred tax liability |
-
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2.11 |
Retirement benefit liability |
-
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2.12 |
Other liabilities |
304,044
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197,983 |
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2.13 |
TOTAL LIABILITIES |
9,032,037
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7,679,542 |
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3 |
SHAREHOLDERS' FUNDS |
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3.1 |
Paid up /Assigned capital |
450,000
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450,000 |
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3.2 |
Share premium |
-
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3.3 |
Revaluation reserves |
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9,278 |
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3.4 |
Retained earnings |
862,225
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563,657 |
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3.5 |
Statutory loan reserves |
-
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3.6 |
Proposed dividends |
-
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3.7 |
Capital grants |
-
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3.8 |
TOTAL SHAREHOLDERS' FUNDS |
1,312,225
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1,022,935 |
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3.9 |
TOTAL LIABILITIES AND SHAREHOLDERS'
FUNDS |
10,344,262
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8,702,477 |
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B: |
PROFIT AND LOSS ACCOUNT |
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