Annual Report 2007
Annual Report 2007
Annual Report 2007
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A n n u a l R e p o r t 2 0 0 7<br />
Balance Sheets<br />
As at 31 December <strong>2007</strong> and 2006<br />
in thousand Meticais<br />
Assets<br />
Notes <strong>2007</strong> 2006<br />
Cash and cash equivalents 3 111,920 44,351<br />
Loans and advances to customers 4 582,524 343,413<br />
Fixed assets 5 102,245 41,302<br />
Other assets 6 27,597 8,286<br />
Total assets 824,286 437,352<br />
Liabilities<br />
Loans 8 78,126 60 312<br />
Deposits from customers 7 376,296 209,046<br />
Other liabilities 9 166,186 53,842<br />
Allowances for general credit risk 10 17,951 10,695<br />
Total liabilities 638,559 333,895<br />
Shareholders’ Equity<br />
Share capital 11 129,020 77,000<br />
Legal reserve 12 6,633 993<br />
Retained earnings 19,824 (12,134)<br />
Profit / (Loss) for the year 30,250 37,598<br />
Total Shareholders’ Equity 185,727 103,457<br />
Total Liabilities and Shareholders’ Equity 824,286 437,352<br />
Ernesto Lisboa Yann Groeger<br />
The Accounting Technician The General Manager