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Audited Financial Statements

Balance Sheet

	31 Mar 2018	31 Mar 2017
ASSETS
Cash on hand	182,515,562	314,891,012
Balances with other banks	495,044,192	2,057,361,344
Loans and advances to customers	32,118,918,174	20,975,180,424
Other assets	1,828,400,332	1,177,306,818
Property and equipment	122,600,255	29,489,015
Intangible assets	1,674,400	-
Total assets	34,749,152,915	24,554,228,613

LIABILITIES
Due to other banks	-	-
Deposits from customers	34,749,152,915	1,020,426,851
Other liabilities	643,264,280	306,635,004
Borrowings	643,264,280	11,197,500,000
Provision for income tax	1,045,291,278	596,601,529
Total liabilities	20,325,638,460	13,121,163,384

EQUITIES
Capital – value per share K1,000 Authorised - 8,000,000 shares	8,000,000,000
Share capital	8,000,000,000	8,000,000,000
Retained earning	4,817,635,840	2,574,798,921
Reserves	1,605,878,615	858,266,308
Total equities	14,423,514,455	11,433,065,229
Total liabilities & equities	34,749,152,915	24,554,228,613

FINANCIAL INCOME	31 Mar 2018	31 Mar 2017
Interest incomes	8,303,899,078	4,644,605,736
Interest expenses	(2,329,598,126)	(846,764,242)
Net interest incomes	5,974,300,952	3,797,841,494
Provision for loan losses	(362,707,350)	(8,781,379)
Net interest income after provision for loan losses	5,611,593,602	3,789,060,115
Fee and commission incomes	522,265,251	292,751,628
Fee and commission expenses	(139,679,060)	(84,405,001)
Net fee and commission income	382,586,191	208,346,627
Other incomes	308,922,910	509,676,396
Personnel Costs	(1,573,160,039)	(1,531,791,813)
Administrative and operating expenses	(655,491,785)	(531,196,338)
Foreign exchange translation	4,216,027	(14,946,620)
Depreciation and amortisation	(41,316,140)	(42,742,259)
	(1,956,829,027)	(1,611,000,634)
Profit/(loss) before income tax	4,037,350,766	2,386,406,108
Income tax expense	(1,046,901,540)	(625,988,268)
Net profit/(loss) for the year	2,990,449,226	1,760,417,840

Note: These financial statements are audited by Win Thin & Associates.