Balance Sheet

(Un-audited)

At The End Of 31 December 2018

          US$1,000
Assets Items Current FY Prior FY Liabilities Items Current FY Prior FY
Cash and due from Central Bank 32,899 41,536 Due to Central Bank - -
      Due to other banks and credit institutions - -
Due from Commercial Banks 44,373 21,640 Loans at calls - -
      Call deposits - -
Due from Other Deposit Taking Institutions - - Others - -
           
Investment securities - - Securities sold under rephurcase - -
      agreements    
Loans and Advances to Customers 82,056 96,585 Due to other depositors 121,210 114,169
Provision for Loans and Loses     (1,966) (576) Demand deposits 41,798 23,068
      Time deposits 2,966 22,922
Fixed Assets 9,900 8,367 Others 76,446 68,179
Accumulated for depreciation (4,813) (3,532)      
      Other Liabilities 4,768 13,634
Other Assets 1,537 2,467 Capital 38,008 38,684
      Capital paid up and assigned 25,020 25,020
      Share premium - -
      Reserves 4,067 3,555
      Retained earnings/(Accumulated deficit) 8,921 10,109
           
Total Assets 163,986 166,487 Total Liabilities & Capital 163,986 166,487

Income Statement

(Un-audited)

Period of : 01 January 2018 - 31 December 2018

    US$1,000
  Current FY Prior FY
Interest and Similar Income 11,563 13,196
Interest Expenses 601 294
     
Net Interest Income 10,962 12,902
     
Other Operating Income 1,105 2,499
     
Gross Operating Income/(Loss) 12,067 15,401
     
Specific Loss Provisions and Write-Offs 1,420 2,334
a. Specific Loss Provision Expenses (NET) 1,420 2,334
aa. Specific Loss Provision on Loans to Customers 1,420 2,334
ab. Specific Loss Provision on Other Assets - -
b. Bad Loans Written Off (not previously provided for) - -
     
Operating Income/(Loss) Net of Specific Loss Provisions 10,647 13,067
Operating Expenses 7,776 7,132
a. Salaries and Employee Benefits 3,338 2,800
b. Administrative Expenses 1,331 1,598
c. Auditing and Consulting Expenses 365 398
d. Rents Paid 187 231
e. Depreciatiation and Amortization 1,337 936
f. Other 1,218 1,169
     
Other Provisions and Write-Offs - -
a. Investment - -
b. Other Balance Sheet Items - -
c. Off-Balance Sheet Items - -
     
Net Operating Income/(Loss) 2,871 5,935
     
Extraordinary Gains/(Losses) - -
a. Gains/(Losses) on Revaluation of Assets (NET) - -
b. Adjustment for prior period (NET) - -
c. Other Gains/(Losses) - -
     
Net Income/(Loss) Before Tax 2,871 5,935
     
Income Tax 278 565
Net Income/(Loss) After Tax 2,593 5,370
Transfer to General Provisions - -
Dividends Declared   -
Retained Earnings for the Year - -
Retained Earnings at the Beginning of the Year - -
Retained Earnings at the End of the Year   -

Memorandum Items

  • Acceptances Guarantees, Letters of Credit and Other Confirmed Paper
  • Commitments
  • Nominal Value of Trading Portfolio
  • Nominal Value of Investment Portfolio
  • Market Value of Investment Portfolio

Approved By

Brigido de Sousa
President Director
Fausto Bernardino
Executive Director