notes - Mauritius Housing MHC

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NOTES financial to the STATEMENTS FOR THE YEAR ENDED 30 JUNE 2002 2. INTEREST INCOME 2002 2001 Rs’000 Rs’000 Interest on housing loans 489,470 473,894 Interest subsidy from Government of <strong>Mauritius</strong> 60,226 68,046 Interest on Government grants 22,700 24,606 Interest on bank deposits 40,093 7,194 Other interests 8,248 587 620,737 574,327 3.INTEREST EXPENSE 2002 2001 Rs’000 Rs’000 Bank overdrafts 3 1,491 Bank and other loans repayable by instalments within one year 5,470 5,571 between one to five years 7,408 19,070 after more than five years 254,623 216,381 Other loans not repayable by instalments 1,054 1,116 ANNUAL REPORT 2001 - 2002 Debentures 85,641 95,485 Exceptional Saving Scheme - 98 Plan Epargne Logement 57,447 45,873 Others - 1,215 NHDC loans 18,935 21,113 <strong>Housing</strong> Deposit Certificates 19,241 - 449,822 407,413 40
NOTES financial to the STATEMENTS 4. OTHER INCOME 2002 2001 Rs’000 Rs’000 Administration fees and other commissions 24,662 33,084 Rent received 1,914 1,908 Profit on disposal of fixed assets 364 279 Gain on disposal of housing estates - 325 Policy fees and charges on loans 1,878 - Others 579 - 29,397 35,596 ANNUAL REPORT 2001 - 2002 41
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 and 34: BALANCE SHEET - 30 JUNE 2002 Notes
Page 35 and 36: STATEMENT OF CHANGES IN EQUITY FOR
Page 37 and 38: NOTES financial to the STATEMENTS F
Page 39: NOTES financial to the STATEMENTS (
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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