BOB_2017_SMALL
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NOTES TO THE FINANCIAL STATEMENTS<br />
Included in customer accounts were deposits of K Sh 3,187.04 million (2016: K Sh 2,730.67 million) held as collateral for loans<br />
and advances. The fair value of those deposits approximates the carrying amount.<br />
27. Deposits and Balances due to other banking institutions<br />
<strong>2017</strong> 2016<br />
Kshs '000 Kshs '000<br />
Parent bank 30,703 142,122<br />
Foreign banks 4,658,235 2,757,856<br />
4,688,938 2,899,978<br />
28. Other Liabilities<br />
Staff leave and gratuity accrual 238,019 181,495<br />
Bills payable 2,600 2,794<br />
Other accounts payable 152,601 308,131<br />
393,220 492,420<br />
Other liabilities are expected to be settled within no more than 12 months after the date of the statement of the financial<br />
position.<br />
29. Share capital<br />
Authorised<br />
49,485,838 Ordinary shares of Kshs. 20.00 each 989,717 989,717<br />
Issued<br />
49,485,838 Ordinary shares of Kshs. 20.00 each 989,717 989,717<br />
30. Fair value reserve<br />
The fair value reserve relates to the cumulative net change in fair value of Available-for-sale financial assets until the investment<br />
is derecognised. The current year movements have been set out in note 12.<br />
31. Statutory loan loss reserve<br />
Where impairment losses required by legislation or regulation exceed those computed under International Financial Reporting<br />
Standards (IFRS’s), the excess is recognised as a statutory reserve and accounted for as an appropriation of Retained<br />
Earnings. The reserves are not distributable.<br />
32. Dividends<br />
<strong>2017</strong> 2016<br />
Proposed dividends (989,717) (494,858)<br />
54
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