Balance Sheet

(Un-audited)

At The End Of 31 March 2018

          US$1,000
Assets Items Current FY Prior FY Liabilities Items Current FY Prior FY
Cash and due from Central Bank 18,965 22,484 Due to Central Bank - -
      Due to other banks and credit institutions - -
Due from Commercial Banks 33,019 24,041 Loans at calls - -
      Call deposits - -
Due from Other Deposit Taking Institutions - - Others - -
           
Investment securities - - Securities sold under rephurcase - -
      agreements    
Loans and Advances to Customers 89,137 63,451 Due to other depositors 104,685 78,159
Provision for Loans and Loses     (501) (59) Demand deposits 21,425 24,683
      Time deposits 22,796 2,696
Fixed Assets 8,392 4,463 Others 60,464 50,780
Accumulated for depreciation (3,839) (2,889)      
      Other Liabilities 3,761 2,683
Other Assets 3,340 3,006 Capital 40,067 33,655
      Capital paid up and assigned 25,020 20,020
      Share premium - -
      Reserves 3,448 1,293
      Retained earnings/(Accumulated deficit) 11,599 7,342
           
Total Assets 148,513 114,497 Total Liabilities & Capital 148,513 114,497

Income Statement

(Un-audited)

Period of : 01 January 2018 - 31 March 2018

    US$1,000
  Current FY Prior FY
Interest and Similar Income 3,042 2,361
Interest Expenses 143 63
     
Net Interest Income 2,899 2,298
     
Other Operating Income 580 282
     
Gross Operating Income/(Loss) 3,410 2,480
     
Specific Loss Provisions and Write-Offs 69 100
a. Specific Loss Provision Expenses (NET) 69 100
aa. Specific Loss Provision on Loans to Customers 69 100
ab. Specific Loss Provision on Other Assets - -
b. Bad Loans Written Off (not previously provided for) - -
     
Operating Income/(Loss) Net of Specific Loss Provisions 3,410 2,480
Operating Expenses 1,870 1,393
a. Salaries and Employee Benefits 700 601
b. Administrative Expenses 267 297
c. Auditing and Consulting Expenses 101 18
d. Rents Paid 82 22
e. Depreciatiation and Amortization 322 221
f. Other 398 234
     
Other Provisions and Write-Offs - -
a. Investment - -
b. Other Balance Sheet Items - -
c. Off-Balance Sheet Items - -
     
Net Operating Income/(Loss) 1,540 1,087
     
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 1,540 1,087
     
Income Tax 14 64
Net Income/(Loss) After Tax 1,526 1,023
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