JPS & Partners 2016 Annual Report
Full report on our 2016 Activities, Financials, Resolutions and the Team that serves our Members
Full report on our 2016 Activities, Financials, Resolutions and the Team that serves our Members
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Treasurer’s <strong>Report</strong> (Continued)<br />
5 YEAR COMPARATIVE FINANCIAL SUMMARY<br />
<strong>2016</strong> 2015 2014 2013 2012<br />
Income Statement $M $M $M $M $M<br />
Interest Income 399.49 396.65 390.74 314.02 275.47<br />
Interest Expense 125.05 133.71 135.13 108.44 107.17<br />
Net Interest Income 274.44 262.94 255.61 205.58 168.30<br />
Increase in Prov. For Loan Loss 12.11 12.13 14.83 14.19 (4.70)<br />
Net Interest Income after Provision 262.32 250.81 240.78 191.38 173.00<br />
Non - Interest Income 41.47 36.20 32.71 30.83 19.04<br />
Gross Margin 303.78 287.01 273.49 222.21 192.04<br />
Operating Expense 273.17 245.65 231.68 191.74 161.40<br />
Net Surplus 30.61 41.36 41.82 30.47 30.64<br />
Balance Sheet $M $M $M $M<br />
Total Assets 4,110.37 3,700.35 3,675.19 3,703.51 2,583.43<br />
Members' Voluntary Shares 1,208.67 947.58 893.73 831.10 496.16<br />
Permanent Shares 74.14 70.48 70.12 60.03 40.63<br />
Loans to Members 2,445.36 2,071.42 1,957.32 1,905.40 1,271.85<br />
Members' Savings Deposits 1,915.27 1,858.46 1,901.55 2,005.02 1,543.39<br />
Financial Investments & Liquid<br />
Assets 1,364.51 1,387.11 1,429.78 1,467.08 1,152.47<br />
Institutional Capital 672.77 600.29 592.01 578.64 336.30<br />
<strong>JPS</strong> & <strong>Partners</strong> Co-operative Credit Union Ltd. 34 ANNUAL REPORT <strong>2016</strong>
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