(Jamaica) Limited - FirstCaribbean International Bank
(Jamaica) Limited - FirstCaribbean International Bank
(Jamaica) Limited - FirstCaribbean International Bank
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notes to the Financial Statements<br />
Year Ended 31 October 2009<br />
(Expressed in <strong>Jamaica</strong>n dollars unless otherwise indicated)<br />
13. Customer Deposits<br />
The Group<br />
The <strong>Bank</strong><br />
2009 2008 2009 2008<br />
$’000 $’000 $’000 $’000<br />
Individuals 17,467,383 14,568,518 14,989,290 12,656,876<br />
Business and Government 13,384,248 10,424,046 11,783,956 10,306,610<br />
<strong>Bank</strong>s 12,813,700 16,079,097 12,023,888 15,558,433<br />
43,665,331 41,071,661 38,797,134 38,521,919<br />
Interest payable 234,841 297,306 169,061 220,659<br />
14. Other Liabilities<br />
43,900,172 41,368,967 38,966,195 38,742,578<br />
The Group<br />
The <strong>Bank</strong><br />
2009 2008 2009 2008<br />
$’000 $’000 $’000 $’000<br />
Accounts payable and accruals 407,433 559,259 284,160 472,355<br />
Withholding tax 12,732 8,395 – –<br />
Other 337,463 79,689 334,647 75,296<br />
757,628 647,343 618,807 547, 651<br />
15. Debt Securities In Issue<br />
The Group and The <strong>Bank</strong><br />
2009 2008<br />
Floating rate notes due 2012 – 499,950<br />
In April 2007, the Group issued redeemable floating rate notes with a face value of $1,500,000 due April 2012. During<br />
the year the Group redeemed $499,950 (2008:$1,000,050) of these notes. The interest on the notes was payable at a rate<br />
of weighted average Government Growth Treasury Bill plus 1.65% per annum. The average effective interest rate during<br />
2009 was 22.82% (2008:15.85%).<br />
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