CREDUT UNION REPORT 2013.pdf April 2013

Tied to our vision, anchored by our values, building on our strengths GPSCCU Annual Report 2013 Budgeted Statement of Financial Position for year ended 2014 and 2015 Budget 2013 Actual 2013 Budget 2014 Budget 2015 Earning Assets Gross Loans 167,139,187 Less: Provision for loan bad debts Net loans 169,675,663 182,754,794 196,929,357 (4,057,366) (4,057,366) (4,557,366) (5,057,366) 163,081,821 165,618,297 178,197,428 191,871,991 Short Term Investments 22,105,375 14,101,362 18,884,373 21,847,848 Long Term Investments 1,229,450 941,090 941,090 941,090 Development Lands 4,673,129 4,697,865 4,697,865 4,697,865 191,089,775 185,358,614 202,720,756 219,358,794 Fixed Assets 5,106,585 2,870,311 4,482,890 6,212,411 Building WIP - - 1,000,000 6,000,000 1,794,648 1,496,052 2,000,772 2,753,128 (2,535) 4,389,991 4,819,933 3,147,603 6,898,698 8,756,354 12,303,595 18,113,142 197,988,473 194,114,968 215,024,351 237,471,936 Members’ Regular Shares 83,043,343 80,963,969 84,807,681 89,232,228 Savings 77,868,732 80,169,838 94,582,093 109,963,682 External Credit 6,246,751 6,396,441 5,374,665 4,437,470 Non Interest Bearing Liabilities 6,425,341 4,367,132 4,364,348 4,355,779 Staff pension benefit 1,089,934 223,697 226,481 235,050 174,674,101 172,121,077 189,355,267 208,224,209 Total Earning Assets Non Earning Assets Receivables & prepayments Cash on Hand & in Bank Total Non-Earning Assets Total Assets Liabilities Total Liabilities Capital Members’ Equity Shares 7,246,148 6,673,159 8,696,696 10,886,788 Statutory Reserve 7,740,088 8,277,641 8,631,265 8,982,540 Accumulated Surplus 4,865,069 6,101,870 7,302,878 8,124,851 Earnings for Current Year 2,627,948 - - - 22,479,253 21,052,670 24,630,839 27,994,178 Total Instituitional Capital Development Fund Reserve 101,313 94,243 150,725 148,184 Education of Members Reserve 40,281 71,504 116,866 191,994 Education Savings Plan Fund 78,173 86,308 94,808 180,485 560,063 583,957 595,636 607,549 55,289 105,209 80,209 125,336 LP/LS Insurance Fund Provident Fund Total Capital Total Liabilities & Capital 835,119 941,221 1,038,244 1,253,550 197,988,473 194,114,968 215,024,351 237,471,936 83

CREDUT UNION REPORT 2013.pdf April 2013 | Page 84