FirstCaribbean International Bank (Bahamas) Limited

Notes to Consoliddated Financial Statements
For the year ended October 31, 2004
(expressed in thousands of Bahamian dollars)
10. Deposits
Payable Payable Payable
on demand after notice at a fixed 2004 2003
date $ $
Individuals 138,211 158,647 686,707 983,565 927,325
Business and Governments 660,436 12,408 999,616 1,672,460 1,644,677
Banks 11,927 – 39,669 51,596 98,895
810,574 171,055 1,725,992 2,707,621 2,670,897
The effective rate of interest on deposits was 1.9% during the year (2003: 1.9%).
11. Other liabilities
2004 2003
$ $
Accounts payable and accruals 2,149 12,957
Accrued interest 14,964 12,068
Restructuring provision (note 17) 2,011 6,883
Other post-retirement medical benefits (note 18) 9,064 7,998
Other 82 1,757
12. Share capital
28,270 41,663
Number of shares $
Share capital at October 31, 2002 119,463,600 472,828
Shares issued during the year in rights offering 752,604 4,402
Share capital at October 31, 2003 120,216,204 477,230
Share capital at October 31, 2004 120,216,204 477,230
The company is authorised to issue 150 million ordinary shares with a par value of $0.10 each and 50
million preference shares with a par value of $0.10 per share.
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