BOB_2017_SMALL
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NOTES TO THE FINANCIAL STATEMENTS<br />
ANNUAL REPORT AND<br />
FINANCIAL STATMENTS <strong>2017</strong><br />
25. Deferred Tax<br />
<strong>2017</strong> 2016<br />
Kshs '000 Kshs '000<br />
deferred tax asset / (liability)<br />
Deferred tax 69,694 53,482<br />
reconciliation of deferred tax asset (liability)<br />
At beginning of the year 53,482 47,033<br />
Accelerated capital allowances 4,035 7,230<br />
Provisions 12,177 (4,997)<br />
Prior year underprovision - 4,216<br />
69,694 53,482<br />
Recognition of deferred tax asset / liability.<br />
Deferred tax is calculated on all temporary differences under the liability method using a principal tax rate of 30% (2016: 30%)<br />
26. Customer deposits<br />
<strong>2017</strong> 2016<br />
Kshs '000 Kshs '000<br />
26 customer deposits<br />
Savings Deposits 8,168,924 7,725,509<br />
Current Deposits 5,610,441 4,817,119<br />
Term deposits 59,225,520 52,330,976<br />
73,004,885 64,873,604<br />
analysis of customer deposits by maturity<br />
Payable within 90 days 54,136,747 58,398,436<br />
Payable after 90 days and within one year 18,185,380 6,088,955<br />
Payable after one year 682,758 386,213<br />
73,004,885 64,873,604<br />
The economic sector concentrations within the customer deposits portfolio were as follows:<br />
<strong>2017</strong> <strong>2017</strong> 2016 2016<br />
kshs % kshs %<br />
Non profit institutions and individuals 58,715,537 80.43% 53,497,600 82.46%<br />
Private companies 13,815,935 18.92% 10,579,155 16.31%<br />
Insurance companies 473,413 0.65% 796,849 1.23%<br />
73,004,885 100% 64,873,604 100%<br />
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