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Njenge Bank

Statement of financial position

As at 31 December 2012

2012Kmillion

2011Kmillion

Assets

Cash on hand and balances at Bank of Zambia 680,535 335,956

Cash and cash equivalents 921,312 1,226,863

Pledged assets 50,000 106,000Investment securities 1,104,442 954,110

Derivative financial instrument 8,624 11,980

Loans and advances to customers 2,233,265 1,797,251Operating lease prepayments 545 660

Prepayments and other receivables 101,134 86,342

Property and equipment 28,449 25,872Intangible assets 35,312 40,640

Total assets 5,163,618 4,585,674

LiabilitiesAmounts payable to group banks 525,033 357,943

Amounts payable to non-group banks 40,139 10,405

Deposits from customers 3,681,026 3,573,822Dividends payable 1,329 1,329

Derivative financial instruments 5,625 1,717

Accruals and other payables 240,818 177,724

provisions 14,061 15,457Current tax liabilities 35,263 43,050

Subordinated liabilities 20,710 20,480Deferred tax liabilities 5,324 10,799

Total liabilities 4,569,328 4,212,726

EquityShare capital 416,745 12,285

Statutory reserves 12,285 12,285

Fair value reserves 6,479 6,258Credit reserves 4,194 7,220

Capital contribution 17,312 17,312Retained earnings 137,275 317,588Total equity attributable to equity holders of the bank 594,290 372,948

Total liabilities and equity 5,163,618 4,585,674

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Njenge Bank Statement of comprehensive income for the year ended 31 December 2012

2012

Kmillion

2011

Kmillion

Interest income 405,617 314,540Interest expense (83,921) (57,127)

Net interest income 321,696 257,413

Fee and commission income 173,815 139,613Fee and commission expense (18,183) (14,033)

Net fee and commission income 155,632 125,580

Net trading income 114,055 86,212

Net income from financial instruments at fair value through profit or loss 22,452 9,318

Other income 6,582 794

143,089 96,324Revenue 620,417 479,317

Personal expenses (169,155) (143,389)Depreciation, amortization, premises and equipment expenses (38,202) (33,709)

Other expenses (70,164) (68,813)

Impairment on loans and advances (3,278) (7,319)Profit before income tax 339,618 226,087

Income tax expense (118,625) (93,634)

Profit for the year 220,993 132,453

Other comprehensive income, net of income tax

Net changes in fair value reserve on available for sale securities 2,071 (379)Net amount transferred to profit and loss on available for sale securities (1,850) (2,737)Other comprehensive income for the year, net of income tax 221 (3,116)

Total comprehensive income for the year 221,214 129,337

Profits attributable to:Equity holders of the bank

220,993 132,453

Profit for the year 220,993 132,453

Total comprehensive income attributable:

Equity holders of the banks

221,214 129,337

Total comprehensive income for the year 221,214 129,337

Earnings per share

Basic and diluted earnings per share

132.57 79.46

Note: Dividends paid in 2012 amounted to K81,926,000,000.