Balance Sheet

(Un-audited)

At The End Of 31 December 2017

          US$1,000
Assets Items Current FY Prior FY Liabilities Items Current FY Prior FY
Cash and due from Central Bank 41,536 38,415 Due to Central Bank - -
      Due to other banks and credit institutions - -
Due from Commercial Banks 21,640 30,182 Loans at calls - -
      Call deposits - -
Due from Other Deposit Taking Institutions - - Others - -
           
Investment securities - - Securities sold under rephurcase - -
      agreements    
Loans and Advances to Customers 96,585 60,486 Due to other depositors 114,169 97,234
Provision for Loans and Loses     (576) (47) Demand deposits 23,068 28,032
      Time deposits 22,922 2,741
Fixed Assets 8,367 4,367 Others 68,179 66,461
Accumulated for depreciation (3,532) (2,694)      
      Other Liabilities 13,634 3,774
Other Assets 2,467 2,815 Capital 38,684 32,516
      Capital paid up and assigned 25,020 25,020
      Share premium - -
      Reserves 3,355 1,212
      Retained earnings/(Accumulated deficit) 10,109 6,284
           
Total Assets 166,487 133,524 Total Liabilities & Capital 116,487 133,524

Income Statement

(Un-audited)

Period of : 01 January 2017 - 31 December 2017

    US$1,000
  Current FY Prior FY
Interest and Similar Income 13,196 7,847
Interest Expenses 294 232
     
Net Interest Income 12,902 7,615
     
Other Operating Income 2,499 1,394
     
Gross Operating Income/(Loss) 15,401 9,009
     
Specific Loss Provisions and Write-Offs 2,334 371
a. Specific Loss Provision Expenses (NET) 2,334 371
aa. Specific Loss Provision on Loans to Customers 2,334 371
ab. Specific Loss Provision on Other Assets - -
b. Bad Loans Written Off (not previously provided for) - -
     
Operating Income/(Loss) Net of Specific Loss Provisions 13,067 8,638
Operating Expenses 7,132 6,279
a. Salaries and Employee Benefits 2,800 3,189
b. Administrative Expenses 1,598 947
c. Auditing and Consulting Expenses 398 227
d. Rents Paid 231 85
e. Depreciatiation and Amortization 936 631
f. Other 1,169 1,200
     
Other Provisions and Write-Offs - -
a. Investment - -
b. Other Balance Sheet Items - -
c. Off-Balance Sheet Items - -
     
Net Operating Income/(Loss) 5,935 2,359
     
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 5,935 2,359
     
Income Tax 565 227
Net Income/(Loss) After Tax 5,370 2,132
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 Sousa
President Director
Fausto Bernardo
Executive Director