58 Access Bank Plc annual report and accounts 2004
Five-Year Financial Summary
2004 2003 2002 2001 2000
N=’000 N=’000 N=’000 N=’000 N=’000
ASSETS:
Cash and short-term funds 5,527,375 7,682,782 3,794,586 2,133,916 3,215,513
Short-term investments 7,777,742 1,859,887 1,669,490 1,532,444 534,952
Loans and advances 11,461,571 6,505,420 4,248,697 2,794,614 3,127,024
Other facilities 463,790 -- --
Advances under finance lease 45,437 2,874 42,451 - 36,349
Other assets 2,898,153 4,468,327 583,469 708,516 865,431
Long-term investments 307,000 257,000 114,018 122,250 115,250
Fixed assets 1,843,687 1,400,052 890,230 736,217 540,041
Equipment on lease 1,016,752 405,698 - - -
31,341,507 22,582,040 11,342,941 8,027,957 8,434,560
LIABILITIES:
Deposits and other accounts 22,724,035 9,308,990 6,475,336 4,859,315 4,400,596
Due to banks 849,947 1,356,799 - 563,357 151,000
Other facilities 468,475 -- --
Other liabilities 3,854,666 9,148,258 2,846,462 1,627,886 2,906,394
Taxation payable 215,335 153,519 69,249 57,906 44,820
Dividend payable 300,000 135,000 - - 90,000
Deferred taxation 226,219 114,117 8,110 - -
28,638,677 20,216,683 9,399,157 7,108,464 7,592,810
NET ASSETS: 2,702,830 2,365,357 1,943,784 919,493 841,750
CAPITAL AND RESERVES:
Share capital 1,500,000 1,350,000 1,350,000 600,000 600,000
Bonus issue reserve 500,000 150,000 - 150,000 -
Share premium - 329,536 479,536 - 115,882
Statutory reserves 487,785 296,543 129,571 129,571 106,248
Small and medium industries reserve 187,847 92,672 11,608 11,608 -
General reserve 27,198 146,606 (26,931) 28,314 19,620
2,702,830 2,365,356 1,943,784 919,493 841,750
Commitments and
Contingencies 13,125,940 6,376,970 2,735,705 1,318,690 1,410,698
Total Assets and Contingencies 44,467,447 28,959,010 14,078,646 9,346,647 9,845,258
Gross earnings 5,515,086 4,367,887 2,604,378 1,589,555 1,195,616
Profit/(loss) on ordinary activities before
exceptional charge 951,750 1,010,805 (17,947) 116,081 166,594
Exceptional charge - (200,166) - - -
Profit/(loss) before taxation 951,750 810,639 (17,947) 116,081 166,594
Profit/(loss) after taxation 637,473 556,573 (55,245) 77,743 130,079
Dividend 300,000 135,000 - - 90,000
Earnings/(loss) per share 21k 21k (2k) 6k 11k
Dividend per share 10k 5k - - 7.5k
Number of ordinary shares of 50k 3,000,000 2,700,000 2,700,000 1,200,000 1,200,000