CREDUT UNION REPORT 2013.pdf April 2013 | Page 57
STATEMENT OF FINANCIAL POSITION AT 31ST DECEMBER, 2013
2013
2012
165,618,297
4,697,865
14,101,362
941,090
145,332,804
4,673,129
15,595,836
979,450
185,358,614
166,581,219
7
2,870,311
2,774,459
8
9
1,496,052
4,389,991
2,494,648
4,361,849
8,756,354
9,630,956
Notes
EARNING ASSETS
Members’ loans
4
Investment property
5
Loans and receivables financial assets
6
Available-for-sale financial assets
6
Total earning assets
NON-EARNING ASSETS
Property, plant and equipment
OTHER ASSETS
Accounts receivables and prepayments
Cash and cash equivalents
Total non-earning assets
TOTAL ASSETS
EQUITY AND LIABILITIES
Equity
Members’ equity shares
Statutory reserve
$194,114,968 $176,212,175
OTHER FUNDS AND RESERVES
Development fund
Education fund
Education savings plan fund
Provident fund
LP/LS insurance fund
6,673,159
8,277,641
6,101,870
5,473,453
7,740,088
5,443,929
13
14
94,243
71,504
86,308
105,209
583,957
101,313
50,281
73,173
85,289
576,840
21,993,891
19,544,366
16
5,528,445
6,400,252
16
867,996
80,963,969
80,169,838
4,367,132
223,697
807,413
76,247,301
67,361,735
43,599
5,081,743
725,766
166,592,632
Accumulated surplus
10
11
150,267,557
172,121,077
156,667,809
12
15
Total equity
Non-Current liabilities
Long-term borrowings
Current Liabilities
56
Short-term borrowings
Members’ regular shares
Members’ deposits
Grant fund
Non-interest bearing liabilities
Other liabilities
TOTAL LIABILITIES
TOTAL EQUITY AND LIABILITIES
17
18
$194,114,968 $176,212,175
: Director
: Director
The notes on pages 59 to 82 form an integral part of these financial statements
:Director :Director