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| NATIONAL BANK
OF COMMERCE LTD |
| REPORT
OF THE CONDITION OF BANK PURSUANT TO SECTION 32(3) OF THE BANKING |
| AND FINANCIAL INSTITUTION ACT 2006. |
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| BALANCE SHEET
AS AT 31 MARCH 2007 |
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(AMOUNT IN MILLION SHILLINGS) |
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Position as at |
Position as at |
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31-Mar-07 |
31-Dec-06 |
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| A |
ASSETS |
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| 1 |
Cash |
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25,481 |
35,237 |
| 2 |
Balances with Bank of Tanzania |
50,085 |
72,548 |
| 3 |
Balances with other banks |
177,502 |
150,419 |
| 4 |
Cheques in the course of collection |
13,018 |
14,280 |
| 5 |
Investment in Government securities |
163,764 |
149,174 |
| 6 |
Investment in other securities |
- |
- |
| 7 |
Loans, Advances & Overdraft |
372,253 |
358,126 |
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(Net of
allowances for Probable Losses) |
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| 8 |
Bills negotiated |
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1,941 |
1,654 |
| 9 |
Equity Investments |
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- |
- |
| 10 |
Customer liabilities on acceptances |
- |
- |
| 11 |
Fixed assets (less depreciation) |
25,837 |
23,200 |
| 12 |
Interbranch Suspense (Net) |
346 |
462 |
| 13 |
Deferred Tax |
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3,896 |
3,402 |
| 14 |
Other assets |
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3,960 |
3,668 |
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TOTAL ASSETS |
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838,084 |
812,172 |
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| B |
LIABILITIES |
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| 1 |
Customer deposits |
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709,278 |
678,679 |
| 2 |
Deposits From Other Banks |
1,977 |
2,360 |
| 3 |
Cash Letters of Credit and Guarantees |
2,593 |
2,760 |
| 4 |
Bills Payable |
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7,206 |
11,005 |
| 5 |
Bankers' Cheques & Drafts Issued |
3,194 |
2,832 |
| 6 |
Accrued Taxes and expenses payable |
7,042 |
5,459 |
| 7 |
Acceptances Outstanding |
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| 8 |
Interbranch Suspense (Net) |
3,067 |
948 |
| 9 |
Proposed Dividend |
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- |
- |
| 10 |
Deferred
Tax |
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1,871 |
1,701 |
| 11 |
Other Liabilities |
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12,628 |
24,556 |
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TOTAL LIABILITIES |
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748,855 |
730,300 |
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NET ASSETS/(LIABILITIES) |
89,229 |
81,871 |
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| C |
CAPITAL AND RESERVES |
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| 1 |
Paid-Up Share Capital |
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12,000 |
12,000 |
| 2 |
Recapitalisation Reserves |
- |
- |
| 3 |
Retained Earnings |
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69,871 |
43,468 |
| 4 |
Profit/(Loss) |
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7,358 |
26,403 |
| 5 |
Others (Statutory Reserve) |
- |
- |
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TOTAL SHAREHOLDERS' FUNDS |
89,229 |
81,871 |
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TOTAL LIABILITIES AND SHAREHOLDERS' FUNDS |
838,084 |
812,172 |
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| 1 |
Contingent Liabilities |
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41,646 |
49,975 |
| 2 |
Non Performing Loans & Advances |
15,872 |
16,259 |
| 3 |
Allowance For Probable Losses |
11,927 |
10,318 |
| 4 |
Other Non Performing Assets |
- |
- |
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| D |
PERFORMANCE INDICATORS |
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| (I) |
Total Capital to Total Assets |
11% |
10% |
| (ii) |
Non Performing Loans & Advances |
4% |
5% |
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to Total Advances |
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| (iii) |
Gross Loans and Advances to Total Deposits |
54% |
54% |
| (iv) |
Loans and Advances to Total Assets |
46% |
45% |
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