2008 Financial Statement - Access Bank
2008 Financial Statement - Access Bank
2008 Financial Statement - Access Bank
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Access</strong> <strong>Bank</strong> Plc and Subsidiary Companies<br />
Group <strong>Financial</strong> <strong>Statement</strong>s – 31 March <strong>2008</strong><br />
Together with Directors’ and Auditor’s Reports<br />
9. Fixed assets:<br />
(a) Group<br />
The movement on these accounts during the year is as follows:<br />
Capital Freehold land, Furniture<br />
work in & Building and fixtures & Computer Motor<br />
progress leasehold imp. Equipment hardware vehicles Total<br />
N000 N000 N000 N000 N000 N000<br />
COST:<br />
Beginning of year 1,741,046 3,933,894 3,280,788 1,549,825 1,952,836 12,458,389<br />
Additions 1,965,599 1,456,786 1,873,968 1,034,007 1,410,286 7,740,646<br />
Disposals - - - - (142,007) (142,007)<br />
Write off - - (1,398) - - (1,398)<br />
Transfers (189,729) 120,541 60,243 4,285 4,660 -<br />
End of year 3,516,916 5,511,221 5,213,601 2,588,117 3,225,775 20,055,630<br />
ACCUMULATED<br />
DEPRECIATION:<br />
Beginning of year - 503,178 1,795,873 1,183,479 814,348 4,296,878<br />
Charge for the year - 160,481 620,085 376,941 584,559 1,742,066<br />
Disposals - - - - (90,892) (90,892)<br />
Write off - - (15) - - (15)<br />
End of year - 663,659 2,415,943 1,560,420 1,308,015 5,948,037<br />
NET BOOK VALUE:<br />
End of year 3,516,916 4,847,562 2,797,658 1,027,697 1,917,760 14,107,593<br />
Beginning of year 1,741,046 3,430,716 1,484,915 366,346 1,138,488 8,161,511<br />
(i)<br />
No leased movable assets are included in the above fixed assets.<br />
(ii) Authorized and contracted capital commitments as at the balance sheet date amounted to<br />
N777,722,022.<br />
43
Change language