Annual Report 2012 - National Savings Bank

239THE RESULTS OF A CHALLENGING YEARNOTES TO THE FINANCIAL STATEMENTS34. Other LiabilitiesBankGroupFor the year ended 31st December 2012 2011 2012 2011Rs. ‘000 Rs. ‘000 Rs. ‘000 Rs. ‘000Sundry creditors 272,194 276,906 272,194 277,048Interest payable 125,822 128,000 125,822 128,000Other payables (Refer Note 34.(a)) 4,228,702 4,301,890 4,242,382 4,304,431Total 4,626,718 4,706,796 4,640,398 4,709,47934 (a) Provision for Un-Funded Pension SchemeBankGroupAs at 31st December 2012 2011 2012 2011Rs. ‘000 Rs. ‘000 Rs. ‘000 Rs. ‘000Opening balance 2,025,553 - 2,025,553 -Amount Recognised in the Income Statement (126,935) 2,025,553 (126,935) 2,025,553Closing balance 1,898,618 2,025,553 1,898,618 2,025,55335. Stated Capital/Assigned CapitalBankGroupFor the year ended 31st December 2012 2011 2012 2011Rs. ‘000 Rs. ‘000 Rs. ‘000 Rs. ‘000Authorised1 Billion Ordinary Shares of Rs.10/= each 10,000,000 10,000,000 10,000,000 10,000,000Issued and fully Paid320 Million Ordinary Shares of Rs.10/= each 3,200,000 3,200,000 3,200,000 3,200,000Total 3,200,000 3,200,000 3,200,000 3,200,00036. Statutory Reserve FundBankGroup2012 2011 2012 2011Rs. ‘000 Rs. ‘000 Rs. ‘000 Rs. ‘000Opening balance 1,626,500 1,338,543 1,626,500 1,338,543Transfer during the period 86,627 287,957 86,627 287,957Closing balance 1,713,127 1,626,500 1,713,127 1,626,500NATIONAL SAVINGS BANK . ANNUAL REPORT 2012