BankVic Annual Report 2019
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Balance Sheet<br />
As at 30 June <strong>2019</strong><br />
Assets<br />
Note<br />
<strong>2019</strong><br />
$’000<br />
2018<br />
$’000<br />
Cash and Cash Equivalents 6 53,457 47,275<br />
Receivables Due from Other Financial Institutions 7 336,511 332,466<br />
Accrued Receivables and Other Assets 8 2,799 2,856<br />
Loans and Advances (Net) 9 1,664,567 1,441,624<br />
Investments 10 2,225 2,225<br />
Property, Plant and Equipment 11 1,704 2,067<br />
Intangible Assets 12 – –<br />
Deferred Tax Asset 5 1,560 1,804<br />
TOTAL ASSETS 2,062,823 1,830,317<br />
Liabilities<br />
Deposits 13 1,850,261 1,595,735<br />
Payables 14 10,669 9,506<br />
Borrowings 15 13,159 44,670<br />
Current Tax Liability 515 237<br />
Provisions 16 2,583 2,537<br />
TOTAL LIABILITIES 1,877,187 1,652,685<br />
NET ASSETS 185,636 177,632<br />
Members’ Funds<br />
Reserves 21,998 15,677<br />
Redeemed Capital Reserve 487 451<br />
Retained Earnings 163,151 161,504<br />
TOTAL MEMBERS’ FUNDS 185,636 177,632<br />
The above Balance Sheet should be read in conjunction with the accompanying notes.<br />
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