2009 Full Year & 2010 First Quarter Result Presentation - Access Bank

Summary of Balance Sheet
Group Group % Bank Bank %
Dec-09 Mar-09 Changes Dec-09 Mar-09 Changes
N'000 N'000 N'000 N'000
ASSETS
Cash and balance with CBN 64,592,701 50,244,054 28.6% 58,242,924 47,208,865 23.4%
Treasury bills 17,207,973 12,781,254 34.6% 10,926,086 11,480,869 -4.8%
Due from other banks 93,177,108 102,784,916 -9.3% 76,191,705 88,114,393 -13.5%
Loans and advances to customers 383,778,169 418,194,487 -8.2% 360,387,649 391,688,687 -8.0%
On-lending facilities 3,131,963 5,092,026 -38.5% 3,131,963 5,092,026 -38.5%
Advances under finance lease 4,249,973 3,725,766 14.1% 3,774,020 3,725,766 1.3%
Investment securities 75,057,381 72,286,917 3.8% 72,732,689 71,449,604 1.8%
Investment in subsidiaries - - 23,299,346 20,390,610 14.3%
Investment properties 1,404,000 - 1,404,000 -
Investment in associates 300,155 650,547 -53.9% 145,000 145,000 0.0%
Other assets 17,292,653 17,846,304 -3.1% 13,677,803 15,841,206 -13.7%
Deferred tax asset 1,701,554 - 1,338,268 4,346 30693.1%
Property and equipment 27,944,990 23,390,109 19.5% 20,154,091 18,132,114 11.2%
Equipment on lease 2,169,175 1,591,555 36.3% 2,169,175 1,591,555 36.3%
Goodwill 1,738,148 1,738,148 0.0% - -
TOTAL ASSETS 693,745,943 710,326,082 -2.3% 647,574,719 674,865,041 -4.0%
LIABILITIES
Customer deposits 442,072,331 430,096,946 2.8% 409,349,424 405,657,055 0.9%
Due to other banks 43,216,841 30,183,025 43.2% 39,025,683 30,511,299 27.9%
On-lending facilities 3,131,964 5,143,461 -39.1% 3,131,964 5,143,461 -39.1%
Debt securities in issue 2,604,277 8,961,189 -70.9% 2,604,277 8,961,189 -70.9%
Current income tax 6,982,030 6,586,353 6.0% 6,736,626 6,471,362 4.1%
Other liabilities 27,392,451 44,156,931 -38.0% 13,575,722 33,289,918 -59.2%
Deferred taxation - 10,053 -100%# - -
TOTAL LIABILITIES 525,399,894 525,137,958 0.0% 474,423,696 490,034,284 -3.2%
NET ASSETS 168,346,049 185,188,124 -9.1% 173,151,023 184,830,757 -6.3%
CAPITAL AND RESERVES
Share capital 8,131,024 8,107,130 0.3% 8,131,024 8,107,130 0.3%
Capital reserve 3,489,080 3,489,080 0.0% 3,489,080 3,489,080 0.0%
Share premium 146,160,837 146,446,833 -0.2% 146,160,837 146,446,833 -0.2%
Other reserves 9,706,816 26,116,548 -62.8% 15,370,082 26,787,714 -42.6%
Attributable to equity holders of the Bank 167,487,757 184,159,591 -9.1% 173,151,023 184,830,757 -6.3%
Non-controlling interest 858,292 1,028,533 -16.6% - -
SHAREHOLDERS' FUNDS 168,346,049 185,188,124 -9.1% 173,151,023 184,830,757 -6.3%
Acceptances, bonds, guarantees and other
obligations for the account of customers
138,055,510 142,633,973 -3.2% 125,636,911 134,224,075 -6.4%
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31 December 2009 2009 FULL YEAR RESULTS PRESENTATION