Amount

Amount

Amount

Code      

#’ 000

#’ 000

#’ 000

10100        CASH

10110        Notes

     225

10120        coins

               3

10130         TOTAL  CASH

     228

10200        DUE  FORM

10250       Banks In Nigeria.

10260       Balances with Banks (schedule, MMFFBR 261)  

                359

10300        Placement with:

10310        Banks/Discount  Houses:

              5,000

10311       Secured / unsecured with Treasury Bills  
( schedule, MMFBR 312 & 313)                        

10400       Total  Due From

      5,359

10500         Short – Term Investments

              1,838

     1,838

10510          Treasury  Bills

10600           LOANS  AND ADVANCES/LEASES 

10610           Micro – loans (schedule MMFBR 611)

10620           Small  And Medium Enterprises  Loans

10630          Hire  Purchase

10640          Advances Under  Micro- Leases

10645          Other  Loans  (specify )

29,029

10650          Staff  Loans

         32

10660          Total  loans and Advances/Leases 

  29,061

10670           Specific loan/Lease Loss Provision            

                      (schedule  MMFBR 671)

10780             General  Loan/Lease Loss  provision

10690              Total  loan/ Lease  loss provision

10695              Net  Loans And Advances/Leases

10700            OTHER  ASSETS:

10710             Total other  assets  ( schedule,                           MMFBR 711)

   9,540

10720           Provision  for  loesses on other                                    Assets

    9,540

10730          Other  Assets (Net)

10800          FIXED  ASSETS

10810          Land  and Buildings ( owned)

       199

10820          Plant And Machinery

       206

10830           Furniture  And Fixtures

       421

10840           Motor  vehicles

10850           Office  Equipment

       612

10860           Total  Fixed  Assets

    1,438

10870           Accumulated  provision for                                          Depreciation

  (331)

    (331)

10880           Net  Fixed  Assets

   1,108

10900           TOTAL  ASSETS

  47,134

LIABILITIES

Item        Item Description

Amount

Amount

Amount

 Code    

#’ 000

#’ 000

#’ 000

20100      DEPOSITS

 20110      Demand  Deposits

     6,288

20120       Mandatory  Deposits

20125       Voluntary  Savings Deposits

        3,090

20130        Time/Term  Deposits

        8,633

20140         Special  Deposits

20145         Other  deposits (specify )

20200         Total Deposits

   18,011

20300      TAKINGS FROM

20310       Banks  in Nigeria  (specify)

20320        Total  takings

24050       Re-Financing Facilities

20500       other liabilities  (MMFBR 1501)

     22,934

22,934

20600  Borrowings  (on  - lending ):

20610     Federal  Government

20620     State  Government

20630     Local  Government

20640     others (specify)

20650     Total  Borrowings

20700     DEBENTURE/LOAN STOCK

20710    Irredeemable Debenture

20750     Total  Debentures/Loans  Stock

2080      CAPITAL & RESERVES

20810     Authorized Capital 

5,000

20820   Issued  and fully paid –up capital 

5,000

20825      Donated  Capital 

20830      Total  Capital

   5,000

2084        RESERVES:

20850       Statutory Reserve 

20860       Share  premium

20870        General Reserve   

       (185)

20880       Other  Reserves

20890        Retained  profit (Loss)

       1,37

20900        Total  Reserves

       1,189

      6189

20910         TOTAL  CAPITAL & RESERVES

20960        GRANTS/DONATIONS  (specify)

20970        TOTAL  LIABILITIES

   47,134

Amount #’ 000

Amount #’ 000

Amount
#’ 00

 10000    INTEREST  INCOME

7.114

10100     LESS: INTEREST EXPENSES

(2,708)

10110     NET INTEREST INCOME

4,406

10200     OTHER INCOME:

10210      COMMISSION

975

10220       FEES/CHARGES

453

10230       INCOME  FROM INVESTMENTS

NIL

10240       OTHER  INCOME FROM NON FINANCIAL                                                                                     SERVICES

NIL

1050           TOTAL OTHER INCOME

1428

10300         NET TOTAL  INCOME

5,834

20000         OPERATING   EXPENSES

20100         STAFF  COST

2009

20130         DEPRECIATION

20140         PROVISION FOR BAD DEBTS

20151         BAD  DEBTS  WRITTEN – OFF

20155         PENALTIES PAID

788

20160         OVERHEADS

1,663

20170         LESS: TOTAL  OTHER  EXPENSES:

4,460

20180         PROFIT/ (LOSS) BEFORE TAX

1374

20190        LESS: PROVISION FOR TAXATION

NIL

20200        PROFIT/(LOSS) AFTER  TAX

1,374