Balance Sheet

(Un-audited)

At The End Of 31 March 2017

          US$1,000
Assets Items Current FY Prior FY Liabilities Items Current FY Prior FY
Cash and due from Central Bank 22,484 43,496 Due to Central Bank - -
      Due to other banks and credit institutions - -
Due from Commercial Banks 24,041 10,103 Loans at calls - -
      Call deposits - -
Due from Other Deposit Taking Institutions - - Others - -
           
Investment securities - - Securities sold under rephurcase - -
      agreements    
Loans and Advances to Customers 63,451 44,876 Due to other depositors 78,159 72,992
Provision for Loans and Loses     (59) (53) Demand deposits 24,683 26,492
      Time deposits 2,696 2,641
Fixed Assets 4,463 3,652 Others 50,780 43,859
Accumulated for depreciation (2,889) (2,496)      
      Other Liabilities 2,683 2,302
Other Assets 3,006 1,282 Capital 33,655 25,566
      Capital paid up and assigned 25,020 20,020
      Share premium - -
      Reserves 1,293 900
      Retained earnings/(Accumulated deficit) 7,342 4,646
           
Total Assets 114,497 100,860 Total Liabilities & Capital 114,497 100,860

Income Statement

(Un-audited)

Period of : 01 January 2017 - 31 March 2017

    US$1,000
  Current FY Prior FY
Interest and Similar Income 2,361 1,740
Interest Expenses 63 56
     
Net Interest Income 2,298 1,684
     
Other Operating Income 282 444
     
Gross Operating Income/(Loss) 2,580 2,128
     
Specific Loss Provisions and Write-Offs 100 35
a. Specific Loss Provision Expenses (NET) 100 300
aa. Specific Loss Provision on Loans to Customers 100 35
ab. Specific Loss Provision on Other Assets - -
b. Bad Loans Written Off (not previously provided for) - -
     
Operating Income/(Loss) Net of Specific Loss Provisions 2,480 2,093
Operating Expenses 1,393 1,555
a. Salaries and Employee Benefits 601 749
b. Administrative Expenses 297 236
c. Auditing and Consulting Expenses 18 66
d. Rents Paid 22 24
e. Depreciatiation and Amortization 221 172
f. Other 234 308
     
Other Provisions and Write-Offs - -
a. Investment - -
b. Other Balance Sheet Items - -
c. Off-Balance Sheet Items - -
     
Net Operating Income/(Loss) 1,087 538
     
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 1,087 538
     
Income Tax 64 43
Net Income/(Loss) After Tax 1,023 495
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