Which regarding the following are assets of commercial? banking institutions? I. Reserves. Ii. Loans. Iii. Deposits.
RECORDS INTO THE RECORDS FOR THE ENDED JUNE 30, 2003
3 year. CASH AND BANK BALANCES 3.1. RETURN ON THESE SAVINGS RECORDS IS ATTAINED AT RATES WHICH RANGE FROM 2 percent TO 5 percent
4. SHORT-TERM LOANS 4.1. These loans that are represent clients for a time period of as much as 12 months on mark-up basis and so are guaranteed by means of lien on Certificates of Investment. The price of mark-up ranges from 14% to 21.5percent per year.
4.2. These generally include cash market placements with different banking institutions along with other institutions that are financial. Return on these placements ranges from 5% to 13percent.
5. OPPORTUNITIES throughout the present 12 months, the business offered four federal government securities for Rs 182.288 million. The cost that is amortised of federal federal government installment loans near me securities had been Rs 159.394 million plus the revenue in the disposal of the securities amounted to Rs 22.894 million.
The management made a decision to offer these securities so that you can realise the gain arising on these securities underneath the reduced rate of interest environment.
As at June 30, 2003 the investment that is remaining of company in federal federal government securities amounted to Rs 52.634 million.
This investment has been reclassified as ‘held for trading’ and it is calculated at reasonable value. An increase of Rs 12.946 million happens to be credited to your loss and profit account in respect with this investment. There are not any assets that are financial as ‘held to readiness’ at June 30, 2003.
5.1. INFORMATION ON ASSETS IN SHARES/CERTIFICATES OF LISTED COMPANIES/MODARABAS 6. THE RETURN ON INDEXED TERM FINANCE CERTIFICATES RANGES FROM 12 per cent TO 18 percent
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