| |
Group |
|
|
Bank |
|
|
| |
2008 |
2007 |
|
2008 |
2007 |
|
| As at December 31, |
US$ ’000 |
US$ ’000 |
Change % |
US$ ’000 |
US$ ’000 |
Change % |
| ASSETS |
|
|
|
|
|
|
| Cash and short-term funds |
213,785 |
149,385 |
43.11 |
213,783 |
149,384 |
43.11 |
| Balances with Central Banks |
91,511 |
106,687 |
(14.22) |
91,511 |
106,687 |
(14.22) |
| Government Treasury Bills and Bonds |
331,589 |
380,335 |
(17.02) |
313,505 |
378,509 |
(17.17) |
| Securities purchased under resale agreements |
30,146 |
35,061 |
(14.02) |
30,146 |
35,061 |
(14.02) |
| Dealing Securities |
517 |
1,910 |
(72.93) |
517 |
1,910 |
(72.93) |
| Investments held for sale |
– |
3,499 |
– |
– |
1,894 |
– |
| Investment Securities |
10,613 |
16,185 |
(34.43) |
10,613 |
16,185 |
(34.43) |
| Treasury Bonds maturing after one year |
144,237 |
81,058 |
77.94 |
144,237 |
81,058 |
77.94 |
| Bills of Exchange |
27,118 |
29,447 |
(7.91) |
27,118 |
29,447 |
(7.91) |
| Loans and advances |
1,487,541 |
1,476,288 |
0.76 |
1,488,107 |
1,476,350 |
0.80 |
| Lease receivable within one year |
26,676 |
32,826 |
(18.74) |
26,991 |
33,200 |
(18.70) |
| Lease receivable from one to five years |
56,009 |
66,613 |
(15.92) |
56,938 |
67,571 |
(15.74) |
| Lease receivable over five years |
148 |
100 |
48.00 |
148 |
100 |
48.00 |
|
2,403,890 |
2,379,394 |
1.03 |
2,403,614 |
2,377,356 |
1.10 |
| Investments in Associates |
629 |
578 |
8.82 |
393 |
409 |
(3.91) |
| Investments in Subsidiaries |
– |
– |
– |
3,845 |
3,997 |
(3.80) |
| Interest and fees receivable |
20,754 |
19,538 |
6.22 |
20,754 |
19,538 |
6.22 |
| Other assets |
28,717 |
33,676 |
(14.73) |
28,092 |
33,462 |
(16.05) |
| Property, Plant & Equipment |
38,499 |
36,839 |
4.51 |
32,994 |
31,499 |
4.75 |
| Leasehold Property |
1,042 |
1,096 |
(4.93) |
719 |
755 |
(4.77) |
| Intangible assets |
2,631 |
2,475 |
6.30 |
2,619 |
2,475 |
5.82 |
| Total Assets |
2,496,162 |
2,473,596 |
0.91 |
2,493,030 |
2,469,491 |
0.95 |
| LIABILITIES AND EQUITY |
|
|
|
|
|
|
| Deposits from customers |
1,771,855 |
1,687,446 |
5.00 |
1,771,995 |
1,687,651 |
5.00 |
| Preference Dividends payable |
– |
1,037 |
– |
– |
1,037 |
– |
| Borrowings |
120,741 |
172,833 |
(30.14) |
120,741 |
172,833 |
(30.14) |
| Securities sold under repurchase agreements |
221,273 |
214,175 |
3.31 |
222,297 |
215,135 |
3.33 |
| Other liabilities |
89,486 |
89,780 |
(0.33) |
89,568 |
89,913 |
(0.38) |
| Tax Liabilities |
14,745 |
15,477 |
(4.73) |
14,757 |
15,651 |
(5.71) |
| Deferred tax |
5,996 |
6,561 |
(8.61) |
4,813 |
5,091 |
(5.46) |
| Debentures |
39,327 |
61,571 |
(36.13) |
39,327 |
61,571 |
(36.13) |
| Total Liabilities
|
2,263,423 |
2,248,880 |
0.65 |
2,263,498 |
2,248,882 |
0.65 |
|
|
|
|
|
|
|
EQUITY ATTRIBUTABLE TO
EQUITY HOLDERS OF THE PARENT |
|
|
|
|
|
|
| Stated capital |
84,646 |
96,911 |
(12.66) |
84,646 |
96,911 |
(12.66) |
| Statutory Reserve Fund |
16,382 |
15,064 |
8.75 |
16,375 |
15,057 |
8.75 |
| Reserves |
131,472 |
112,522 |
16.84 |
128,511 |
108,641 |
18.29 |
| Shareholders’ Funds |
232,500 |
224,497 |
3.56 |
229,532 |
220,609 |
4.04 |
| Minority Interest |
239 |
219 |
9.13 |
– |
– |
– |
| Total Equity |
232,739 |
224,716 |
3.57 |
229,532 |
220,609 |
4.04 |
|
|
|
|
|
|
|
| Total Liabilities and Equity |
2,496,162 |
2,473,596 |
0.91 |
2,493,030 |
2,469,491 |
0.95 |
| Commitments and contingencies |
1,026,672 |
1,071,082 |
(4.15) |
1,026,672 |
1,071,082 |
(4.15) |
| Net Assets Value per Ordinary Share (US $) |
0.93 |
0.91 |
8.14 |
0.92 |
0.89 |
8.24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange Rate of 1 US$ was Rs. 112.80 as at 31.12.2008 (Rs. 108.50 as at 31.12.2007).
|
