Which for the after are assets of commercial? banking institutions? I. Reserves. Ii. Loans. Iii. Deposits.
NOTES TO YOUR REPORTS FOR THE 12 MONTHS ENDED JUNE 30, 2003
3. MONEY AND BANK BALANCES 3.1. RETURN ON THESE SAVINGS REPORTS IS MADE AT RATES INCLUDING 2 percent TO 5 percent
4. SHORT-TERM LOANS 4.1. These express loans to customers for a time period of as much as 12 months on mark-up basis and are also guaranteed by means of lien on Certificates of Investment. The price of mark-up ranges from 14% to 21.5percent per year.
4.2. These generally include cash market placements with different banking institutions as well as other institutions that are financial. Return on these placements ranges from 5% to 13percent.
5. ASSETS through the year that is current the business offered four federal federal government securities for Rs 182.288 million. The cost that is amortised of government securities ended up being Rs 159.394 million therefore the revenue from the disposal of those securities amounted to Rs 22.894 million.
The administration made a decision to offer these securities so that you can realise the gain arising on these securities beneath the reduced rate of interest environment.
As at June 30, 2003 the staying investment associated with business in federal government securities amounted to Rs 52.634 million.
This investment has been reclassified as ‘held for trading’ and it is calculated at reasonable value. Læs resten