| |
2007 |
2006 |
2005 |
2004 |
2003 |
|
N'000 |
N'000 |
N'000 |
N'000 |
N'000 |
|
|
|
|
|
|
| ASSETS EMPLOYED |
|
|
|
|
|
|
|
|
|
|
|
Cash and short
term funds |
563,581,290 |
360,291,162 |
180,407,249 |
121,891,453 |
77,140,805 |
| Loans and advances |
218,305,419 |
199,707,860 |
122,494,396 |
53,391,209 |
27,290,021 |
| Other Facilities |
4,701,891 |
2,263,125 |
3,168,585 |
- |
- |
Advances under finance
lease |
2,444,566 |
1,716,364 |
841,165 |
847,861 |
474,589 |
| Other assets |
14,839,588 |
9,105,717 |
4,755,887 |
3,294,490 |
1,310,860 |
| Investments |
45,524,242 |
14,581,735 |
6,139,063 |
4,427,083 |
721,114 |
| Fixed assets |
34,543,930 |
23,102,337 |
15,078,751 |
9,469,393 |
5,597,249 |
| |
883,940,926 |
610,768,300 |
332,885,096 |
193,321,489 |
112,534,638 |
|
|
|
| FINANCED BY |
|
|
|
|
|
|
|
|
|
|
|
| Share capital |
4,632,762 |
4,586,744 |
3,000,000 |
1,548,555 |
1,548,555 |
| Share premium |
69,237,062 |
67,759,567 |
18,224,108 |
- |
- |
Reserves for
Small Scale
Industries |
3,729,204 |
3,729,204 |
2,580,324 |
1,864,731 |
1,224,242 |
| Other reserves |
35,234,295 |
24,325,150 |
13,985,230 |
12,261,082 |
9,878,780 |
| Deposits |
568,012,091 |
392,863,699 |
233,413,428 |
131,095,341 |
61,574,455 |
| Other liabilities |
170,087,697 |
98,183,675 |
56,013,477 |
44,920,930 |
36,812,938 |
| Other Facilities |
4,749,385 |
2,263,125 |
3,168,585 |
- |
- |
| Taxation |
5,124,697 |
3,857,258 |
2,050,066 |
1,363,979 |
1,147,640 |
Deferred
taxation |
1,186,018 |
449,878 |
449,878 |
266,871 |
348,028 |
| Borrowings |
21,947,715 |
12,750,000 |
- |
- |
- |
|
883,940,926 |
610,768,300 |
332,885,096 |
193,321,489 |
112,534,638 |
|
|
Acceptances and
guarantees |
294,444,783 |
103,745,045 |
41,004,756 |
21,905,277 |
40,911,386 |
| |
| Gross Earnings |
|
89,193,780 |
58,221,823 |
34,913,462 |
23,931,255 |
17,844,230 |
| Interest expense |
|
(18,733,167) |
(10,462,632) |
(5,620,169) |
(3,331,910) |
(2,289,282) |
| Operating expenses |
|
(45,388,460) |
(31,298,175) |
(18,153,540) |
(13,797,311) |
(10,049,072) |
| |
| Loan loss expense |
|
(1,783,325) |
(1,306,925) |
(1,974,966) |
(397,149) |
(65,405) |
|
|
|
|
|
|
Profit before
tax |
23,288,828 |
15,154,091 |
9,164,787 |
6,404,885 |
5,440,471 |
| Income tax |
|
(5,779,683) |
(3,665,291) |
(2,008,861) |
(1,214,117) |
(1,016,285) |
|
|
Profit after
tax |
17,509,145 |
11,488,800 |
7,155,926 |
5,190,768 |
4,424,186 |
|
|
Transfer to
reserves |
14,843,621 |
9,088,800 |
5,123,903 |
4,106,780 |
4,264,189 |
| |
|
Earnings per
share (basic): |
189k |
191k |
136k |
168k |
375k |
Earnings per
share(adjusted): |
189k |
124k |
119k |
86k |
74k |
Declared Dividend per
share**: |
100 k |
110k |
36k |
35k |
30 k |
| |
|
|
|
|
|
|
