Annual Reports


2013 Annual report

Summary Statement of Financial Position


2013 2012

 Ushs '000   Ushs '000 
Assets  
Cash and cash equivalents 4,756,635 12,312,541
Held to maturity investments 8,717,831 20,082,459
Equity investments at fair value 365,360 361,799
Loans and advances 96,744,236 66,565,242
Staff loans and advances 1,319,460 1,005,754
Current income tax assets 618,832 348,966
Investment property 28,500,000 29,300,000
Property and equipment 2,865,060 548,880
Intangible assets 328,010 137,652
Other assets 2,682,683 4,857,429
Total assets 146,898,107 135,520,722
Liabilities  
Amounts due to Bank of Uganda 6,373,556 2,706,147
Borrowings 7,504,911 5,384,384
Kuwait Special Fund 19,685,288 19,672,910
Deferred tax liabilities 4,076,167 4,508,460
Other liabilities 3,703,816 3,305,106
Total liabilities 41,343,738 35,577,007
Equity  
Share capital 68,192,660 68,192,660
GOU capital contribution 6,673,995 1,683,998
Revaluation reserve 105,000 -
Retained earnings 30,582,714 30,067,057
Total equity 105,554,369 99,943,715
Total liabilities and equity 146,898,107 135,520,722

Summary Statement of Comprehensive Income


2013 2012

Ushs '000 Ushs '000
 
 
Interest income 11,090,048 11,945,356
Interest expense (86,667) (53,512)
Net interest income 11,003,381 11,891,844
Fee and commission income 684,805 288,505
Fee and commission expense (108,535)                 -
Net interest and fee income 11,579,651 12,180,349
Net foreign exchange (losses)/ gains (1,421,067) 3,205,915
Fair value gains on investment property 1,500,000 2,833,920
Other income 1,893,500 1,665,411
Net impairment loss on loans and advances (3,188,390) (7,943,506)
Operating income after impairment losses 10,363,694 11,942,089
Personnel expenses (4,932,331) (3,444,627)
Depreciation and amortization (327,663) (344,190)
Other operating expenses (4,481,361) (2,971,084)
Profit before income tax 622,339 5,182,188
Income tax expense (106,682) (1,508,001)
Profit for the year 515,657 3,674,187
Other comprehensive income              
Items that will never be reclassified to profit or loss  
Revaluation gain on property and equipment 150,000 -
Related tax (45,000)                -
Total other comprehensive income 105,000                -
Total comprehensive income 620,657 3,674,187
Basic/ diluted  earnings per share                   7.56                 53.88



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