notes - Mauritius Housing MHC

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BALANCE SHEET - 30 JUNE 2003 EQUITY AND LIABILITIES CAPITAL AND RESERVES Share capital 14 100,000 100,000 Revaluation and other reserves 15 466,058 320,269 Revenue reserves 16 729,341 634,622 1,295,399 1,054,891 NON-CURRENT LIABILITIES Borrowings 17 3,000,167 3,003,031 Retirement benefit obligations 18 16,480 15,410 PEL and other savings accounts 19 1,248,024 780,973 Long term liability - NHDC 20 231,999 257,035 4,496,670 4,056,449 CURRENT LIABILITIES Trade and other payables 21 44,332 40,107 Borrowings 17 357,153 324,594 Dividends 7 17,102 15,000 418,587 379,701 TOTAL EQUITY AND LIABILITIES 6,210,656 5,491,041 ANNUAL REPORT 2001 - 2002 Approved by the Board of Directors on 16 Oct 2002 Mr L. D. Unmole ) DIRECTORS Mr K. Dawonauth ) The <strong>notes</strong> on pages 11 to 28 form an integral part of these financial statements. 34
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2002 Share Revaluation Capital and other Reserves Revenue Reserves Total Rs’000 Rs’000 Rs’000 Rs’000 Balance at 1 July 2000 100,000 278,088 598,410 976,498 Net movement on reserves - 42,181 (17,976) 24,205 Dividends - - (15,000) (15,000) Net profit for the year - - 119,838 119,838 Prior year adjustment (Note 16)- -- - (50,650) (50,650) Balance at 30 June 2001-restated 100,000 320,269 634,622 1,054,891 Balance at 1 July 2001 100,000 320,269 634,622 1,054,891 Net movement on reserves - 145,789 (19,733) 126,056 Dividends - - (17,102) (17,102) Net profit for the year - - 131,554 131,554 Balance at 30 June 2002 100,000 466,058 729,341 1,295,399 ANNUAL REPORT 2001 - 2002 The <strong>notes</strong> on pages 11 to 28 form an integral part of these financial statements. FINANCIAL statements 35
Page 1 and 2: Annual Report 2001 - 2002
Page 3 and 4: CONTENTS 1. Our Vision 4 2. Our Mis
Page 5 and 6: Mission Our Mission To help as many
Page 7 and 8: REGISTERED OFFICE MHC Building, Rev
Page 9 and 10: SENIOR Management Mr. L. D UNMOLE M
Page 11 and 12: The Directors are pleased to presen
Page 13 and 14: CORPORATE Governance MHC is committ
Page 15 and 16: MANAGING DIRECTOR’S REPORT 15
Page 17 and 18: However, MHC’s dedication to plac
Page 19 and 20: Reserves have in consequence increa
Page 21 and 22: 3.5.1 Loans Approved During the yea
Page 23 and 24: 3.5.5 TOTAL LOANS APPROVED - (MAURI
Page 25 and 26: 3.8 NEW SCHEMES/ SERVICES With the
Page 27 and 28: The strength of the company is depi
Page 29 and 30: REPORT FROM THE SECRETARY TO THE ME
Page 31 and 32: Auditors’ report to the members o
Page 33: BALANCE SHEET - 30 JUNE 2002 Notes
Page 37 and 38: NOTES financial to the STATEMENTS F
Page 39 and 40: NOTES financial to the STATEMENTS (
Page 41 and 42: NOTES financial to the STATEMENTS 4
Page 45 and 46: NOTES financial to the STATEMENTS 1
Page 51 and 52: NOTES FOR THE YEAR ENDED 30 JUNE 20
Page 53 and 54: NOTES FOR THE YEAR ENDED 30 JUNE 20

notes - Mauritius Housing MHC

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