Actual

Statement of Profit or Loss For The Period Ended March

2016
12 Mon
Notes K'000s
Interest income 5 -
Interest expense 6 -
Net interest income -
Expected credit losses 29 -
Net interest income after loan impairment Charges -
Fees and commision income 8 -
Other operating income - rental income 28 -
Other operating income - sundry income 28
Other operating income - profit/(loss) on exchange differences 28
Depreciation and amortisation 31
Finance costs 9 -
(Loss)/profit on disposal of assets -
Profit on disposal of investment property 17 -
Profit on property plant and equipment
Fair value gain on investment property 17 109,554
Reversal of provision 22 -
Operating expenses 10 -
Profit before tax 109,554
Income tax
Profit for the year 109,554
check
Statement of other comprehensive income
Profit for the year 109,554
Other comprehensive income:
Reversal of deferred income tax on revaluation -
Gain on revaluation of own use buildings -
Total Other comprehensive income -
Total Comprehensive income for the year 109,554

During the year ended 31 March 2016, th

Authority to clarify its Income Tax exempti
Revenue Authority and the Attorney Gene
body established by the Building Societies
1970 as a registered Society and is exempt
14 (a) (ii) of the Income Tax (Amendment)
Revenue Authority refunded the Society K
Check
 Actual Actual Actual Actual Actual Actual Actual Actual Actual
March March March March March March December December December
2017 2018 2018 2019 2020 2021 2022 2023 2023
12 Mon 12 Mon 9 Mon 12 Mon 12 Mon 12 Mon 12 Mon 12 Mon 12 Mon
P'000s P'000s P'000s P'000s P'000s P'000s P'000s P'000s P'000s
299,384 303,079 220,031 318,502 291,955 252,475 281,740 - -
(137,914) (135,258) (128,567) (206,001) (183,746) (162,737) (185,218) - -
161,470 167,821 91,464 112,501 108,209 89,738 96,522 - -
- - - - - - - - -
161,470 167,821 91,464 112,501 108,209 89,738 96,522 - -
- - - - - 17,119 20,049 - -
- - - - - 5,539 5,268 - -
202 992
- 142

- - - (323) - - - - -
(25) 70 118 227 (406) - (183) 1,516
- - - - - 197,714 292 -
-
14,830 41,258 4,437 3,257 2,824 10,480 539 1,042 -
- - - 15,645 48,160 - - - -
(8,000) (7,515) (6,621) (7,220) (16,330) (156,846) (145,866) - -
168,275 201,634 89,398 124,087 142,457 163,946 (22,537) 1,334 1,516
(2,905) 4,501 - - - - - - -
165,370 206,135 89,398 124,087 142,457 163,946 (22,537) 1,334 1,516
75,831 (184,535) (81,741)

165,370 206,135 89,398 124,087 142,457 163,946 (22,537) 1,334 1,516

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
165,370 206,135 89,398 124,087 142,457 163,946 (22,537) 1,334 1,516

e year ended 31 March 2016, the Society engaged the Zambia Revenue
to clarify its Income Tax exemption status as a statutory body. The Zambia
Authority and the Attorney General confirmed that the Society is a statutory
blished by the Building Societies (Amendment) Act 1970 on 24 December
registered Society and is exempt from income tax in accordance with Section
of the Income Tax (Amendment) Act No. 1 of 2009. Consequently, Zambia
Authority refunded the Society K4,501,000 in income taxes paid during the period between 2009 and 2015
Revised Budget CSP
December December
2024 2025
12 Mon 12 Mon
P'000s P'000s 0
- - 106,663 106,663
- -
- -
- -
- -
- -
- -

- -

- -
- -
- - -348584 348,584
- -
- -
- -
staff costs 62,572
admin expenses 19,142
- - general expenses 15,905
depreciation 9,587
- - property maintenance -2494.76
- -
- - 104,711
- - 107,206
Edward Actual
March
Statement of Financial Position As at 31 March 2016
Notes P'000s
Assets
Cash & cash equivalents 12 -
Placements with other financial institutions 13 -
Government securities 14 -
Loans and advances 15 -
Other assets 19 9,056
Investment properties 17 54,892
Property and equipment 18 110,204
Intangible Assets 19 9,282
Right of Use Asset 20 -
Total Assets 183,434
Liabilities
Customer deposits 21 246,273
Other liabilities 25 31,546
Provision for staff benefits 22 72,079
Borrowings 23 45,837
Lease Liability 20 -
Total Liabilities 395,735

EQUITY
Share capital 26 191,678
Other reserves 27 183,468
Accumulated profit 153,755
Total Equity 528,901

Total Equity and Liabilities 924,636

Check 741,202
 Actual Actual Actual Actual Actual Actual Actual Actual
March March March March March December December August
2017 2018 2019 2020 2021 2022 2023 2023
P'000s P'000s P'000s P'000s P'000s P'000s P'000s P'000s

- - - - 133,380 41,088 - -
- - - - - - - -
- - - - - - - -
- - (163) (441) 3,262,809 3,326,313 - -
22,012 27,006 20,495 44,467 182,494 72,167 131,482 323,031
96,150 103,896 108,185 112,195 90,322 106,158 107,200 121,646
96,714 96,770 103,011 105,356 106,903 96,405 - -
29,227 26,433 20,652 13,963 16,150 18,061 - -
- - - - 15,319 10,643 - -
244,103 254,105 252,180 275,540 3,807,377 3,670,835 238,682 444,677

267,455 342,392 373,513 493,384 748,374 1,127,680 1,266,388 1,427,395

51,518 58,270 42,431 57,631 60,934 85,159 93,615 223,469
54,260 35,941 48,723 (15,758) (29,743) (37,204) (45,749) 18,789
79,443 105,302 175,378 343,355 411,713 574,387 637,240 606,033
- - - 17,446 16,220 14,515 11,764 10,923
452,676 541,905 640,045 896,058 1,207,498 1,764,537 1,963,259 2,286,609

191,678 191,678 191,678 191,678 191,678 191,678 191,678 191,678

188,462 113,437 113,437 113,437 113,437 - - -
179,607 240,684 364,771 507,228 671,174 762,074 763,408 764,924
559,747 545,799 669,886 812,343 976,289 953,752 955,086 956,602

### ### ### 1,708,401 2,183,787 2,718,289 2,918,345 3,243,211

768,320 833,599 ### 1,432,861 (1,623,590) (952,546) 2,679,663 2,798,534
Revised Budget CSP
December December
2024 2025
P'000s P'000s

- -
- -
- -
- -
78,931 183,824
117,718 117,718 Net fair value gains not recognised
108,550 108,550 10% growth in assets as assumed in the CSP
- - 10% growth in assets as assumed in the CSP
- - 10% growth in assets as assumed in the CSP
305,199 410,092
Edward Mbombo:
Is rthis correct?
1,630,737 1,490,071 Balance sheet imbalance plug in this line
222,213 170,781 Reallocated IFR9 Provisions from here
300 74,273
481,436 558,249
12,220 8,012 match to CSP
2,346,906 2,301,386 Edward Mbombo:
subtracated dividends as at August 2023

191,678 191,678
- -
764,924 764,924
956,602 956,602

3,303,508 3,257,988
2,998,309.64 2,847,896
 Actual
March
Statement of Changes in Equity 2016
Notes P'000s
Opening Balance 12 Mon
Share Capital/Indefinite Period Shares
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings
-

Impact of Transition to IFRS 9

Share Capital
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings
-

Demutualisation entries
Share Capital
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings
-

Prior Year Adjustment

Share Capital
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings
-
Depreciation Written Back
Share Capital
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings
-

Income Tax on Revaluation

Share Capital
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings
-

Profit for the Year

Share Capital
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings 109,554
109,554

Transfer to General Market Risk Reserve

Share Capital
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings
-

Transfer of excess depreciation

Share Capital
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings
-

Transactions with owners - Issue of New Shares

Share Capital
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings
-

Transfer to retained earnings

Share Capital
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings
-

Other Comprehensive Income - Revaluation Gain

Share Capital
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings
-

Total comprehensive income for the year

Share Capital -
Statutory Reserve -
General Market Risk Reserve -
Banking Reserves -
Revaluation Reserves -
Retained Earnings -
-

Transactions with owners - Dividends Paid

Share Capital
Statutory Reserve
General Market Risk Reserve
Banking Reserves
Revaluation Reserves
Retained Earnings
-

Closing Balance
Share Capital -
Statutory Reserve -
General Market Risk Reserve -
Banking Reserves -
Revaluation Reserves -
Retained Earnings 109,554
109,554
Less Intangibles -
Tier 1 109,554
Tier 2 109,554
 Actual Actual Actual Actual Actual Actual Actual
March March March March March March December
2017 2018 2018 2019 2020 2021 2022
P'000s P'000s P'000s P'000s P'000s P'000s P'000s
12 Mon 12 Mon 9 Mon 12 Mon 12 Mon 12 Mon 12 Mon
846,970 872,709 945,716 487,014 487,453 487,453 487,453
114,680 119,468 124,462 113,437 113,437 113,437 113,437
64,000 64,000 64,000 - - - -
- - - - -
- - - - -
52,549 36,270 179,607 240,684 364,771 507,228 671,174
1,078,199 1,092,447 1,313,785 841,135 965,661 1,108,118 1,272,064

(28,321)
- - (28,321) - - - -

(458,702)
(11,025)
(64,000)

- - (533,727) - - - -

- - - - - - -
 - - - - - - -

- - - - - - -

165,370 206,135 89,398 124,087 142,457 163,946 (22,537)

165,370 206,135 89,398 124,087 142,457 163,946 (22,537)

-
- - - - - - -
 - - - - - - -

25,739 73,007 439

25,739 73,007 - 439 - - -

4,788 4,994 (113,437)

(4,788) (4,994) 113,437

- - - - - - -

- - - - - - -

25,739 73,007 - 439 - - -

4,788 4,994 - - - - (113,437)
- - - - - - -
- - - - - - -
- - - - - - -
(4,788) (4,994) (28,321) - - - 113,437
25,739 73,007 (28,321) 439 - - -
 (59,376) (57,804)
(59,376) (57,804) - - - - -

872,709 945,716 487,014 487,453 487,453 487,453 487,453

119,468 124,462 113,437 113,437 113,437 113,437 -
64,000 64,000 - - - - -
- - - - - - -
- - - - - - -
153,755 179,607 240,684 364,771 507,228 671,174 762,074
1,209,932 1,313,785 841,135 965,661 1,108,118 1,272,064 1,249,527
(9,282) (29,227) (26,433) (20,652) (13,963) (16,150) -
1,200,650 1,284,558 814,702 945,009 1,094,155 1,255,914 1,249,527
153,755 179,607 240,684 364,771 507,228 671,174 762,074
414,333 285,473
 Actual Actual Revised Budget CSP #NAME? #NAME?
December December December December #NAME? #NAME?
2023 2023 2024 2025 #NAME? #NAME?
P'000s P'000s P'000s P'000s P'000s P'000s
12 Mon 12 Mon 12 Mon 12 Mon 12 Mon 12 Mon
487,453 487,453 487,453 487,453 487,453 487,453
- - - - - -
- - - - - -
- - - - - -
- - - - - -
762,074 763,408 764,924 764,924 764,924 #NAME?
1,249,527 1,250,861 1,252,377 1,252,377 1,252,377 #NAME?

- - - - - -

- - - - - -

- - - - - -
 - - - - - -

- - - - - -

1,334 1,516 - - #NAME? #NAME?

1,334 1,516 - - #NAME? #NAME?

- - - - - -

- - - - - -
- - - - - -
- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
 - - - - - -

487,453 487,453 487,453 487,453 487,453 487,453

- - - - - -
- - - - - -
- - - - - -
- - - - - -
763,408 764,924 764,924 764,924 #NAME? #NAME?
1,250,861 1,252,377 1,252,377 1,252,377 #NAME? #NAME?
- - - #VALUE! - -
1,250,861
763,408 (66,748) 618603.81893
146,321
#NAME?
#NAME?
#NAME?
P'000s
12 Mon
487,453
-
-
-
-
#NAME?
#NAME?

-
 -

#NAME?
#NAME?

-
-
-

-
-
-
-
-
-
-
 -

487,453
-
-
-
-
#NAME?
#NAME?
-
 Actual
March
Statement of Cash Flows For The Year Ended 31 March 2016
Notes P'000s
Cash flows from Operating Activities
Profit before tax and other comprehensive income 168,275
Adjusted for
Depreciation of plant property and equipment 16 8,000
Income tax refund -
Amortisation of intangible assets 18 3,220
Depreciation of right of use assets 20 -
Fair value gain on investment properties 17 (14,830)
Provisions for staff benefits 22 -
Other income -Reversal of long service gratuity provision 22 -
(Profit)/ loss on disposal of asset 25
Lease liabilities interest expense 20 -
Interest Charged on Borrowings 6 -
Movements in operating funds
Net decrease in loans and advances -
Net increase in other assets (9,056)
Net increase in customer deposits 246,273
Net decrease in other liabilities 31,546
Prior Year's Adjustment - Increase in other liabilities -
Staff benefits payments (6,316)
Lease liability interest payment -
Net cash inflow / (outflow) from operating activities 427,137
Cash flows from investing activities
Purchase of property, plant & equipment 16 (13,358)
Purchase of investment property 17 -
Purchase of intangible assets 18 (35)
Investment in Government securities -
Principal lease payments -
Proceeds from disposal of property and equipment (18)
Net cash (outflow) from investing activities (13,411)

Cash flows from financing activities

Dividends paid (59,376)
Interest paid on borrowings 23 (3,783)
Repayment of borrowings 23 (3,250)
Proceeds from borrowings 23 18,390
Net cash generated from financing activities (48,019)
Net increase in cash and cash equivalents 365,707
Cash and cash equivalent at start of year -
Cash and cash equivalents at end of year 28 365,707
Check 365,707
 Actual Actual Actual Actual Actual Actual Actual Actual
March March March March March December December August
2017 2018 2019 2020 2021 2022 2023 2023
P'000s P'000s P'000s P'000s P'000s P'000s P'000s P'000s

201,634 89,398 124,087 142,457 163,946 (22,537) 1,334 1,516

7,515 6,621 7,220 9,510 8,004 7,382 - -

4,501 - - - - - - -
4,559 5,857 7,593 6,820 6,825 #NAME? - -
- - - 2,315 2,722 3,193 - 5,785
(41,258) (4,437) (3,257) (2,824) (10,480) (539) (1,042) -
- - - - 2,197 2,215 - -
- - (15,645) (48,160) - - - -
(70) (118) (227) 406 - 183 - (1,516)
- - - 3,058 3,063 2,505 - 10,935
40,580 29,427 48,502 40,363 42,695 43,271 - -

- - 24,504 278 (3,263,250) (3,326,754) 3,326,313 -

(12,956) (4,994) (14,161) (23,972) (138,027) (27,700) (59,315) (191,549)
21,182 74,937 31,121 119,871 254,990 634,296 138,708 161,007
19,972 6,752 (15,839) 15,200 3,303 27,528 8,456 129,853
(3,086) - - - - - - -
(27,239) (18,319) (9,979) (28,482) (16,182) (9,676) (8,545) 64,538
- - - (3,058) (3,063) (2,505) - (10,935)
215,334 185,124 183,919 233,782 (2,943,257) #NAME? 3,405,910 169,633

(18,435) (6,677) (12,575) (12,027) (9,601) (11,064) - -

- (3,309) (1,032) (1,186) (57) (1,465) - (14,446)
(94) - (390) - (9,012) 3,054 - -
- - - - - - - -
- - - (1,130) (1,525) (2,392) (2,751) (841)
70 4,458 341 (234) - 215 - 1,516
(18,459) (5,528) (13,656) (14,577) (20,195) (11,652) (2,751) (13,770)

(57,804) - - - - - - -
(5,901) (11,755) (13,020) (55,022) (56,954) (49,612) - (55,022)
(5,135) (5,831) (20,638) (3,750) (51,800) (42,120) - (3,750)
35,000 26,450 81,658 168,000 119,984 200,494 - -
(33,840) 8,864 48,000 109,228 11,230 108,762 - (58,772)
163,035 188,460 218,263 328,433 (2,952,222) #NAME? 3,403,159 97,091
- - - - - - 41,088 -
163,035 188,460 218,263 328,433 (2,952,222) #NAME? 3,444,247 97,091
163,035 188,460 218,263 328,433 (3,085,602) #NAME? 3,444,247 97,091
(88,761) (88,761) (88,761) (47,673) (88,761)
3,086
166,121
 Revised
Budget CSP
December December
2024 2025
P'000s P'000s

- -

- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

- -
244,100 (104,893)
203,342 (140,666)
(1,255) (51,432)
- -
46,049 73,973
- -
492,236 (223,019)

- -
- -
- -
- -
456 (4,208)
- -
456 (4,208)

- -
- -
- -
- -
- -
492,692 (227,227)
- -
492,692 (227,227)
492,692 (227,227)
(88,761) (88,761)
 2016
Note P'000s

Long-term loans and advances

Short-term loans and advances
5 Cash and cash equivalents and investments with banks
5 Interest Income -
5 Interest charged on non-perfomring loans

5 Fixed Deposits
5 Savings Deposits
Indefinite period savings
Debentures
Paidup and subscription savings
Vunani Fund Managers
Lease interest
Interest on borrowings from Financial Institutions
5 Unsecured long-term bonds
African Banking Corporation of Botswana Limited
International Finance Corporation
Stanlib Investment management services (pty) Ltd
term loans
DPCFL loans
Bonds
fixed period paid up and subscription shares
5 Interest Expense -

6 Loans and advances

Mortgages
Banking Loans
Home Improvement Loans
Friendly/Bmater & Salary Advances (LOAN PROVISIONS-UNSECURED)
6 Government securities
6 Impairment charges -

27 Fees and Commission Income

27 Administration fees
27 Account services
27 Transactional
27 Commissions
27 Interbank transactional fees

29 Mortgages Loans and advances

29 Mortgages loan commitments
29 Short-term loans
29 Staff loans
29 Staff loan written off
29 Write-down on mortgage loans - loss on repossession of collateral
29 Write-down on mortgage loans - loss on derecognition at auction sales
29 Gain on disposal of non-financial assets - PIP
29 Loss on disposal of non-financial assets - PIP
29 Unrecognised contractual interest - Mortgage loans and advances
29 Unrecognised contractual interest - Shot-term loans and advances
29 Unrecognised contractual interest - Staff debtors
29
29 Expected credit losses -

Loan arrangement expenses

Lease liability interest expense
9 African Development Bank USD Loan
9 Finance Costs -

Update on note so not

10 Expenses By Nature here
30 Personnel expenses (Notes 30) -
16 Depreciation of property and equipment(Note 16) -
Amortisation of Right of Use Assets
Amortisation of intangible assets
Directors fees
Audit fees - current year
Audit fees - prior year overprovision/cost overruns
Advertising and marketing
Computer maintenance expenses
Insurance
Legal and professional expenses
Consulting and professional fees
License fees
Repairs and maintenance
Printing and stationery
Telephone and postage
Travel and subsistence costs
Office supplies
Security expenses
 Subscriptions
Water & electricity
Premises - Straight line charge
Other expenses
VAT expense - unclaimed portion

-
Check

30 Personnel expenses
30 Salaries and wages
30 Employer pension contributions
30 Leave pay expense
30 Fair value adjustments-off market staff loans
30
30
30
30
30 Personnel expenses -

3 Cash in hand
3 Current accounts with banks
3
3 Cash and Cash Equivalents -

13 Investments with banks

Redeemable within one year

Current -
Non-current
-

14 Treasury Bills
Government Bonds
14 Discount income receivable
14 Allowance for expected credit losses
 Government Securities -

Current
Non-current
-

Reconciliation of allowance for expected credit losses

20 Opening balance
Effect of additions
Effect of derecogition
22 Expected credit loss for the year
-

44 Loans and advances - On balance sheet

Gross Carrying Amount -
Mortgages -
Short-term loans -
Staff loans advances -

Impairment -
Mortgages -
Short-term loans -
Staff loans advances -

Carrying Amount -
Mortgages -
Short-term loans -
Staff loans advances -

15 Loans and advances - Off balance sheet

Approved mortgages not disbursed:

Gross Carrying Amount

Impairment
 Carrying Amount -

Total on and off-balance sheet

Gross Carrying Amount -
Impairment -
Carrying Amount -

Current
Non-current -
-

Reconcilition of loans and advances

44 TOTAL PORTFOLIO- Gross Carrying Amount By Stage -

Stage 1 (Performing) -
Stage 2 (Performing) -
Stage 2 (Non-performing/Past Due) -
Stage 3 (Non-performing) -

44 MORTGAGES - Gross Carrying Amount By Stage -

Stage 1 (Performing)
Stage 2 (Performing)
Stage 2 (Non-performing/Past Due)
Stage 3 (Non-performing)

44 SHORT-TERM LOANS - Gross Carrying Amount By Stage -

Stage 1 (Performing)
Stage 2 (Performing)
Stage 2 (Non-performing/Past Due)
Stage 3 (Non-performing)

44 STAFF LOANS - Gross Carrying Amount By Stage -

Stage 1 (Performing)
Stage 2 (Performing)
Stage 2 (Non-performing/Past Due)
Stage 3 (Non-performing)

44 TOTAL PORTFOLIO- ECL Allowance By Stage -

Stage 1 (Performing) -
Stage 2 (Performing) -
Stage 2 (Non-performing/Past Due) -
Stage 3 (Non-performing) -

44 MORTGAGES- ECL Allowance By Stage -

 Stage 1 (Performing)
Stage 2 (Performing)
Stage 2 (Non-performing/Past Due)
Stage 3 (Non-performing)

44 SHORT-TERM LOANS - ECL Allowance By Stage -

Stage 1 (Performing)
Stage 2 (Performing)
Stage 2 (Non-performing/Past Due)
Stage 3 (Non-performing)

44 STAFF LOANS - ECL Allowance By Stage -

Stage 1 (Performing)
Stage 2 (Performing)
Stage 2 (Non-performing/Past Due)
Stage 3 (Non-performing)

Reconcilition of Off-balance sheet facilities

Approved Mortgages not disbursed
Gross Carrying amount analysis by stage -
Stage 1 (12m-ECL)
Stage 2 (LTECL)
Stage 3 (LTECL)

Changes in the gross carying amount - Transfer to Stage 1 -

Stage 1 (12m-ECL)
Stage 2 (LTECL)
Stage 3 (LTECL)

Changes in the gross carying amount - Transfer to Stage 2 -

Stage 1 (12m-ECL)
Stage 2 (LTECL)
Stage 3 (LTECL)

Changes in the gross carying amount - Transfer to Stage 3 -

Stage 1 (12m-ECL)
Stage 2 (LTECL)
Stage 3 (LTECL)

Changes in the gross carying amount - New financial assets originated -

Stage 1 (12m-ECL)
Stage 2 (LTECL)
Stage 3 (LTECL)
Changes in the gross carying amount - Financial assets that have been derecognise -
Stage 1 (12m-ECL)
Stage 2 (LTECL)
Stage 3 (LTECL)

Changes in the gross carying amount - Write offs -

Stage 1 (12m-ECL)
Stage 2 (LTECL)
Stage 3 (LTECL)

Internal Credit Risk Rating -

Stage 1 (Grade 1 & 2 - Standard & Statisfactory Risk - Performing)
Stage 2 (Grade 3 & 4 - Watchlist and Acceptable Risk - Performing)
Stage 3 (Grade 5 ,6 & 6- Substandard, doubtful and loss - Non-performing)

ANALYSIS OF EXPECTED CREDIT LOSSES - ON BALANCE SHEET

Opening loss allowance -
Stage 1
Stage 2
IAS 38 - Mortgages
IAS 38 - Banking Loans
Rolling forward error
Stage 3

Movements without income statement impact - Transfer to Stage 1 -

Stage 1
Stage 2
IAS 38 - Mortgages -release
IAS 38 - Banking Loans - release
Stage 3

Movements without income statement impact - Transfer to Stage 2 -

Stage 1
Stage 2
IAS 38 - Mortgages
IAS 38 - Banking Loans
Stage 3

Movements without income statement impact - Transfer to Stage 3 -

Stage 1
Stage 2
IAS 38 - Mortgages
IAS 38 - Banking Loans
Stage 3
Liability Reclassified as ECL Provisions - Transfer to Stage 3 -
Stage 1
Stage 2
IAS 38 - Mortgages
IAS 38 - Banking Loans
Stage 3

Suspended Interest -
Stage 1
Stage 2
IAS 38 - Mortgages
IAS 38 - Banking Loans
Stage 3

Write-offs -
Stage 1
Stage 2
IAS 38 - Mortgages
IAS 38 - Banking Loans
Stage 3

Total Movement without income statement impact -

Stage 1 -
Stage 2 -
IAS 38 - Mortgages -
IAS 38 - Banking Loans -
Stage 3 -

Movements with income statement impact - New financial assets originated -

Stage 1
Stage 2
IAS 38 - Mortgages
IAS 38 - Banking Loans
Stage 3

Movements with income statement impact - Financial assets that have been derec -
Stage 1
Stage 2
IAS 38 - Mortgages
IAS 38 - Banking Loans
Stage 3

Movements with income statement impact - Changes to ECL due to modification -

Stage 1
Stage 2
IAS 38 - Mortgages
IAS 38 - Banking Loans
Stage 3

Total charge to profit and Loss -

Stage 1 -
Stage 2 -
IAS 38 - Mortgages
IAS 38 - Banking loans
Stage 3 -

Closing loss allowance -

Stage 1 -
Stage 2 -
IAS 38 - Mortgages -
IAS 38 - Banking loans -
Stage 3 -

ANALYSIS OF EXPECTED CREDIT LOSSES - OFF BALANCE SHEET FACILITIES

Opening loss allowance -
Stage 1
Stage 2
Stage 3

Movements without income statement impact - Transfer to Stage 1 -

Stage 1
Stage 2
Stage 3

Movements without income statement impact - Transfer to Stage 2 -

Stage 1
Stage 2
Stage 3

Movements without income statement impact - Transfer to Stage 3 -

Stage 1
Stage 2
Stage 3

Liability Reclassified as ECL Provisions - Transfer to Stage 3 -

Stage 1
Stage 2
Stage 3

Liability Reclassified as ECL Provisions - Write-offs -

Stage 1
Stage 2
Stage 3

Total Movement without income statement impact -

Stage 1 -
Stage 2 -
Stage 3 -

Movements with income statement impact - New financial assets originated -

Stage 1
Stage 2
Stage 3

Movements with income statement impact - Financial assets that have been derec -
Stage 1
Stage 2
Stage 3

Movements with income statement impact - Changes to ECL due to modification -

Stage 1
Stage 2
Stage 3

Total charge to profit and Loss -

Stage 1 -
Stage 2 -
Stage 3 -

Closing loss allowance -

Stage 1
Stage 2
Stage 3

ANALYSIS OF EXPECTED CREDIT LOSSES - ON AND OFF BALANCE SHEET FACILITIES

Opening loss allowance -
Stage 1 -
Stage 2 -
Stage 3 -

Movements without income statement impact - Transfer to Stage 1 -

Stage 1 -
Stage 2 -
Stage 3 -
Movements without income statement impact - Transfer to Stage 2 -
Stage 1 -
Stage 2 -
Stage 3 -

Movements without income statement impact - Transfer to Stage 3 -

Stage 1 -
Stage 2 -
Stage 3 -

Liability Reclassified as ECL Provisions - Transfer to Stage 3 -

Stage 1 -
Stage 2 -
Stage 3 -

Liability Reclassified as ECL Provisions - Write-offs -

Stage 1 -
Stage 2 -
Stage 3 -

Total Movement without income statement impact -

Stage 1 -
Stage 2 -
Stage 3 -

Movements with income statement impact - New financial assets originated -

Stage 1 -
Stage 2 -
Stage 3 -

Movements with income statement impact - Financial assets that have been derec -
Stage 1 -
Stage 2 -
Stage 3 -

Movements with income statement impact - Changes to ECL due to modification -

Stage 1 -
Stage 2 -
Stage 3 -

Total charge to profit and Loss -

Stage 1 -
Stage 2 -
Stage 3 -
 Closing loss allowance -
Stage 1
Stage 2
Stage 3

13 Property and equipment

OPENING SUMMARY
Cost or valuation 141,447
Buildings 88,930
Motor vehicles and equipment 34,034
Works in Progress 18,483
Accumulated depreciation (31,893)
Buildings (10,854)
Motor vehicles and equipment (21,039)
Works in Progress
Net book Amount 109,554
Buildings 78,076
Motor vehicles and equipment 12,995
Works in Progress 18,483

Additions -
Buildings
Motor vehicles and equipment
Works in Progress

Disposal -
Buildings
Motor vehicles and equipment
Works in Progress

Transfer to assets held for sale -

Buildings -
Motor vehicles and equipment -
Works in Progress -

Transfers -
Buildings -
Motor vehicles and equipment -
Works in Progress -

Revaluation -
Buildings -
Motor vehicles and equipment -
Works in Progress -
 Depreciation -
Buildings -
Motor vehicles and equipment -
Works in Progress -

Depreciation write-back on disposals -

Buildings
Motor vehicles and equipment
Works in Progress

Closing net book amount #VALUE!

Buildings #VALUE!
Motor vehicles and equipment #VALUE!
Works in Progress #VALUE!

Profit on disposal
CLOSING SUMMARY
Cost or valuation 141,447
Buildings 88,930
Motor vehicles and equipment 34,034
Works in Progress 18,483

Accumulated depreciation (31,893)

Buildings (10,854)
Motor vehicles and equipment (21,039)
Works in Progress -

Closing net book amount 109,554

Buildings 78,076
Motor vehicles and equipment 12,995
Works in Progress 18,483

17 Investment Property
Commercial
At Start of the year
Additions -
Transfer from property and equipment -
Disposals
Net gain from fair value adjustment 109,554
At End of Year 109,554
Breakdown: -
Bwafwano House -
Chachacha House
 Permanent House -
Security House 19,252
Rhoasian House -
Society Business Park 25,392
Farm 1558422 Nyimba 3,850
Balmo /LN/ 950/565 Chilanga 8,965
Galaba House 8,550
Other -
66,009

(a) Amounts recognised in Statement of Profit or Loss for Investment Properties

Rent on properties
Rent on properties
Direct operating expenses from property that generated rental income
Net gain from fair value adjustment 109,554
109,554

Minimum Lease Payments

Within one year
Later than one year but not later than 5 years
At end of year -

18 Intangible Asset
Opening net book value -
Additions -
Addtions - capital work in progress
Transfer to intangible assets
Transfer from capital work in progress
Adjustments
Amortisation -
 Closing Balance -
Summary
Cost 15,898
Accumulated Amortisation (8,132)
Net Book Value 7,766

19 Other Assets

Rental debtors
Staff loans discount asset
Travel advances
AFDB Loan arrangement fees
Withholding tax
Interest Receivable on Placements
NPSA (Disposal of Society Business Park)
Retained Earnings Movement Errror to be corrected
Other debtors
-
Less impairment loss provision
-

Current
Non-current
-

Reconciliation of impairment loss provision

Opening balance
Rent debtors written down against provision
Impairment for the year
Closing balance -

19 Leases
i) Right-of-use assets

Opening balance

Total all categories

 -
Additions during the year

Total all categories

Total Additions -

Termination of lease

Total all categories

Total Terminaiton of Lease -

Remeasurement Of ROU

Total all categories

Total Remeasurement Of ROU -

Depreciation charge for the year

Total all categories

Total Depreciation -

Closing balance
-
-
Total all categories -
-

ii) Lease liabilities

Opening balance
Additions during the year
Lease payments
Interest expenses
Closing balance -
Maturity ladder
Current
Non-current
-
 Amounts recognised in profit or loss

Amortisation of right-of-use asset

ATMs
ICT Equipment
Premises
-

Interest expense on lease liabilities

ATMs
ICT Equipment
Premises
-

Expense relating to short-term leases

ATMs
ICT Equipment
Premises
-

Closing balance
ATMs -
ICT Equipment -
Premises -
-

Pre-IFRS 16 Disclosure
Within one year
After one year but less than five years
After 5 years
-

21 Customer deposits
Term deposits
Treasury/Revolving funds
Balance Sheet Balancing Plug
Saving deposits
-

Current
Non-current
-

22 Provision for staff benefits

At start of the year
 Provision for staff benefits -
Reversal of long-term service gratuity provision(other income)*
Staff benefits paid
At end of the year -

Current -
Non-current -
-

23 Borrowings
Development Bank of Zambia (DBZ)
African Life Financial Services (African Life)
Prudential Life Insurance (Prudential)
NAPSA Mortgage Deposit (NAPSA)
Lusaka Stock Exchange – Medium Term Note Programme (MTNP)
Bank Of Zambia(TMTRF)
Other
Revolving fund
African Development Bank (AfDB
-

At the start of the year

Development Bank Of Zambia(DBZ)
African Life
Prudential
NAPSA Mortgage Deposit (NAPSA
Lusaka Stock Exchange – Medium Term Note Programme (MTNP)
African Development Bank (AfDB)
Bank Of Zambia (TMTRF)
Unallocated
-

Additions
Development Bank Of Zambia(DBZ)
African Life
Prudential
NAPSA Mortgage Deposit (NAPSA
Lusaka Stock Exchange – Medium Term Note Programme (MTNP)
African Development Bank (AfDB)
Bank Of Zambia (TMTRF)
Unallocated
-
Interest Charged
Development Bank Of Zambia(DBZ)
African Life
Prudential
NAPSA Mortgage Deposit (NAPSA
Lusaka Stock Exchange – Medium Term Note Programme (MTNP)
African Development Bank (AfDB)
Bank Of Zambia (TMTRF)
Unallocated
-

Interest Paid
Development Bank Of Zambia(DBZ)
African Life
Prudential
NAPSA Mortgage Deposit (NAPSA
Lusaka Stock Exchange – Medium Term Note Programme (MTNP)
African Development Bank (AfDB)
Bank Of Zambia (TMTRF)
Unllocated
-

Repayments
Development Bank Of Zambia(DBZ)
African Life
Prudential
NAPSA Mortgage Deposit (NAPSA
Lusaka Stock Exchange – Medium Term Note Programme (MTNP)
African Development Bank (AfDB)
Bank Of Zambia (TMTRF)
Unallocated
-

At the end of the year

Development Bank Of Zambia(DBZ) -
African Life -
Prudential -
NAPSA Mortgage Deposit (NAPSA -
Lusaka Stock Exchange – Medium Term Note Programme (MTNP) -
African Development Bank (AfDB) -
Bank Of Zambia (TMTRF) -
Unallocated -
-
Current -
Non-current -
-

Loan Terms - Original Maturity (Years)

Repayment Method - Interest

Number of Interest Payments

Repayment Method - Principal

Number of Interest Payments

Interest Moratorium End Date

Interest Rate - Repricing Identifier (Base Interest Rate)

Interest Rate - Points above base interest rate

Collateral Type
 Collateral Value

25 Other liabilities
Staff expenses
Sundry creditors
Deferred income
Staff Benefits
Historical ZRA PAYE (Prior Year Adjustment)
Staff loan fair value liability
Other liabilities and payables
-

Current
Non-Current
-

26 Share Capital - Government of Zambia 191,678

27 Other Reserves
General reserves - Distributatle created by Section 92 of Building Societies Act. No 4 -

Statutory reserves - Non-Distributable created by Section 159 of the

Banking and financial Services Act – as a Special reserve or liability insurance -
Banking reserves -
Revaluation Reserves -
-
28 Analysis of balances shown in the statement of cash flow

Cash and cash equivalents -

Placements with other financial institutions -
-

29 Dividends -

30 Contigent liabilities and commitments

Mortgage advance commitments
Capital expenditure authorised by the board but not committed
-
 Actual Actual Actual Actual Actual Actual
12 Months 12 Months 9 Months 12 Months 12 Months 12 Months
March March December December December December
2017 2018 2018 2019 2020 2021
P'000s P'000s P'000s P'000s P'000s P'000s

271,522 265,958 194,999 270,621 262,104 230,835

8,849 8,696 7,038 6,395 5,599 4,832
19,013 28,425 17,994 41,486 24,252 16,808
299,384 303,079 220,031 318,502 291,955 252,475

33,576 45535 27,737 67,339 63,150 56,344

8,752 5845 3,585 4,533 3,909 2,931
24,926 30,952 29,841 26,773
4,497 6,519 6,144 5,302
10,326 5,522 6,829 5,525 5,137
9,429
1,629 1,615 1,528
12,598
40,580 29,427 48,502 40,363 42,695
11,451 6,599
18,278 17,035
9,969 9,565
30,849 32,894 32,873
638 78
51,737
12,362
137,914 135,258 128,567 206,001 183,746 162,737

- - - - - -

5,719
5,167
3,807
4,032
 (1,606)

- - - - - 17,119

(28,182)
(3)
(521)
31
-
7,711
2,194
(1,514)
1,384
3,845
18
3
-
- - - - - (15,034)

-323

-
- - - (323) - -

- - - - - 74,385
8,000 7,515 6,621 7,220 9,510 8,004
- - - - - 2,306
- 6,820 6,825
1,229
1,834
275
2,963
3,216
2,686
3,846
7,656
13,899
4,744
1,130
3,768
685
2,015
2,752
 394
1,801
-
7,056
3,377

8,000 7,515 6,621 7,220 16,330 156,846

66,061
5,826
2,197
301

- - - - - 74,385

5,060
128,320

- - - - - 133,380

311,520

- - - - - -

- - - - - 311,520
- - - - -
- - - - - 311,520
- - - - - -

- - - - - -

- - 245
6,643
(245)
- 245 6,398
- - - - 245 6,643

- - - - - 3,249,173
- - - - - 3,180,973
- - - - - 53,082
- - - - - 15,118

- - - - - 13,889
- - - - - (54,311)
- - - - - 53,082
- - - - - 15,118

- - - - - 3,263,062
- - - - - 3,126,662
- - - - - 106,164
- - - - - 30,236

4,810 6,347 7,182

(163) (441) (253)
- - - 4,647 5,906 6,929

- - - 4,810 6,347 3,256,355

- - - (163) (441) 13,636
- - - (163) (441) 3,262,809

209,657
- - - (163) (441) 3,053,152
- - - (163) (441) 3,262,809

- - - - - 3,249,173
- - - - - 2,747,820
- - - - - 29,965
- - - - - 189,509
- - - - - 281,879

- - - - - 3,180,973
2,681,262
29,965
188,331
281,415

- - - - - 53,082
51,906
-
1,162
14

- - - - - 15,118
14,652
-
16
450

- - - - - (54,868)
- - - - - (871)
- - - - - (98)
- - - - - (775)
- - - - - (53,124)

- - - - - (54,311)
 (594)
(98)
(764)
(52,855)

- - - - - (301)
(159)
-
(9)
(133)

- - - - - (256)
(118)
-
(2)
(136)

- - 16,332 4,810 6,347 7,182

16,332 4,810 6,347 7,182
- - -
- - -

- - - - - -
- -
- -
- -

- - - - - -
- -
- -
- -

- - - - - -
- -
- -
- -

- - - 4,810 6,347 7,182

4,810 6,347 7,182
- -
- -
 - - - (16,332) (4,810) (6,347)
(16,332) (4,810) (6,347)
- -
- -

- - - - - -
- -
- -
- -

- - - 716,724 727,258 795,931

465,677 555,256 628,394
127,396 47,894 82,848
123,651 124,108 84,689

- 38,510 44,915 47,446 71,841 80,607

- 16,421 19,186 37,611
- 5,288 12,939 2,299
11,614 8,134 -
26,896 36,781 -

- 25,737 39,716 40,697

(1,623) (7,162) (889) - - -

1,966 25,812 679
(1,196) (8,218) (389)
(415) (606) (78)
(1,208) (6,556) (811)
(770) (17,594) (290)

- - - - - -
(2,080) (934) (248)
3,134 1,698 10,264

(1,054) (764) (10,016)

- - - - - -
(878) (4,170) (5,847)
(2,305) (3,546) (924)

3,183 7,716 6,771

 - - - - 11,439 -
- -
- -

- 11,439 -

- - - - 11,439 16,679
- - -
- - -

- 11,439 16,679

- - - (1,606) (8,031) (1,920)

- - -
- - -

(1,606) (8,031) (1,920)

(1,623) (7,162) (889) (1,606) 3,408 14,759

- - - (992) 20,708 (5,416)
- - - (367) (10,066) 8,951
(415) (606) (78) - - -
(1,208) (6,556) (811) - - -
- - - (247) (7,234) 11,224

- - - 36,723 25,982 38,938

7,777 15,681 15,952
10,198 926 1,452

18,748 9,375 21,534

- - - (10,371) (20,603) (14,573)

(4,020) (17,964) (5,785)
(2,180) (1,500) (1,156)

(4,171) (1,139) (7,632)

- - - (351) (21) -
- - -
- - -
 (351) (21)

12,733 13,567 7,643 26,001 5,358 24,365

- - - 3,757 (2,283) 10,167
- - - 8,018 (574) 296
167 (2,874) (80)
12,566 16,441 7,723
- - - 14,226 8,215 13,902

11,110 44,915 51,669 71,841 80,607 119,731

- - - 19,186 37,611 42,362
- - - 12,939 2,299 11,546
(248) 8,134 7,976 - - -
11,358 36,781 43,693 - - -
- - - 39,716 40,697 65,823

- - - 555 163 441

555 163 441
- - -
- - -

- - - - - -
- - -
- - -
- - -

- - - - - -
- - -
- - -
- - -

- - - - - -
- - -
- - -
- - -

- - - - - -
- - -
- - -
- - -

- - - - - -
 - - -
- - -
- - -

- - - - - -
- - - - - -
- - - - - -
- - - - - -

- - - 163 441 253

163 441 253
- - -
- - -

- - - (555) (163) (441)

(555) (163) (441)
- - -
- - -

- - - - - -
- - -
- - -
- - -

- - - (392) 278 (188)

- - - (392) 278 (188)
- - - - - -
- - - - - -

- - - 163 441 253

163 441 253
- - -
- - -

HEET FACILITIES
- - - 48,001 72,004 81,048
- - - 16,976 19,349 38,052
- - - 5,288 12,939 2,299
- - - 25,737 39,716 40,697

- - - - - -
- - - 1,966 25,812 679
- - - (1,196) (8,218) (389)
- - - (770) (17,594) (290)
- - - - - -
- - - (2,080) (934) (248)
- - - 3,134 1,698 10,264
- - - (1,054) (764) (10,016)

- - - - - -
- - - (878) (4,170) (5,847)
- - - (2,305) (3,546) (924)
- - - 3,183 7,716 6,771

- - - - 11,439 -
- - - - - -
- - - - - -
- - - - 11,439 -

- - - (1,606) (8,031) (1,920)

- - - - - -
- - - - - -
- - - (1,606) (8,031) (1,920)

- - - (1,606) 3,408 (1,920)

- - - (992) 20,708 (5,416)
- - - (367) (10,066) 8,951
- - - (247) (7,234) (5,455)

- - - 36,886 26,423 39,191

- - - 7,940 16,122 16,205
- - - 10,198 926 1,452
- - - 18,748 9,375 21,534

- - - (10,926) (20,766) (15,014)

- - - (4,575) (18,127) (6,226)
- - - (2,180) (1,500) (1,156)
- - - (4,171) (1,139) (7,632)

- - - (351) (21) -
- - - - - -
- - - - - -
- - - (351) (21) -

- - - 25,609 5,636 24,177

- - - 3,365 (2,005) 9,979
- - - 8,018 (574) 296
- - - 14,226 8,215 13,902
 - - - 72,004 81,048 103,305
19,349 38,052 42,615
12,939 2,299 11,546
39,716 40,697 49,144

150,026 144,051 150,728 162,917 174,722 184,372

92,957 93,051 93,051 92,958 92,958 94,279
44,815 50,572 56,500 62,052 70,734 75,913
12,254 428 1,177 7,907 11,030 14,180
(39,822) (47,337) (52,958) (59,906) (69,416) (77,419)
(12,190) (13,632) (14,615) (15,694) (16,739) (17,878)
(27,632) (33,705) (38,343) (44,212) (52,677) (59,541)
- - - - - -
110,204 96,714 97,770 103,011 105,306 106,953
80,767 79,419 78,436 77,264 76,219 76,401
17,183 16,867 18,157 17,840 18,057 16,372
12,254 428 1,177 7,907 11,030 14,180

13,358 18,435 6,677 12,575 12,027 9,601

- - - - - 1,321
1,178 952 851 1,713 1,983 5,130
12,180 17,483 5,826 10,862 10,044 3,150

(78) - - (114) (172) -

- - - (92) - -
(78) - - (22) - -
- - - - (172) -

- - - - - -
- - - - - -
- - - - - -
- - - - - -

(4,701) (24,410) - - - -
4,027 94 - - - -
9,681 4,805 5,077 4,132 6,749 -
(18,409) (29,309) (5,077) (4,132) (6,749) -

- - - - - -
- - - - - -
- - - - - -
- - - - - -
 (8,000) (7,515) (6,621) (7,220) (9,510) (8,004)
(1,326) (1,442) (2,425) (1,080) (1,045) (1,139)
(6,674) (6,073) (4,196) (6,140) (8,465) (6,865)
- - - - - -

71 - - - - -
-
71
-
-
110,204 96,714 96,770 103,011 105,356 106,903
80,777 79,419 76,994 77,264 76,219 76,401
17,173 16,867 18,599 17,840 18,107 16,322
12,254 428 1,177 7,907 11,030 14,180

158,605 138,076 157,405 175,378 186,577 193,973

96,984 93,145 93,051 92,866 92,958 95,600
55,596 56,329 62,428 67,875 79,466 81,043
6,025 (11,398) 1,926 14,637 14,153 17,330

(47,751) (54,852) (59,579) (67,126) (78,926) (85,423)

(13,516) (15,074) (17,040) (16,774) (17,784) (19,017)
(34,235) (39,778) (42,539) (50,352) (61,142) (66,406)
- - - - - -

110,854 83,224 97,826 108,252 107,651 108,550

83,468 78,071 76,011 76,092 75,174 76,583
21,361 16,551 19,889 17,523 18,324 14,637
6,025 (11,398) 1,926 14,637 14,153 17,330

40,062 54,892 96,150 103,896 108,185 112,195

- - 3,309 1,032 1,186 57
- - - - - -
(32,410)
14,830 41,258 4,437 3,257 2,824 10,480
54,892 96,150 103,896 108,185 112,195 90,322
7,765
35,000
 35,340
20,420
5,852
27,773
4,211
9,806
3,500
-
- - - - 149,667 -

5,539
- - - - - 5,539

14,830 41,258 4,437 3,257 2,824 10,480

14,830 41,258 4,437 3,257 2,824 16,019

6,275 7,289 8,286 9,439 8,105 10,140

25,098 29,158 33,144 37,755 41,377 40,560
31,373 36,447 41,430 47,194 49,482 50,700

7,766 9,282 29,227 26,433 20,652 13,963

35 94 - 390 - 9,012
- 3,063 1,422 131 -
4,616 -
4,701 24,410 - - (4,616) -
- - - - -
(3,220) (4,559) (5,857) (7,593) (6,820) (6,825)
 9,282 29,227 26,433 20,652 13,963 16,150

20,634 45,138 48,201 50,013 50,144 59,156

(11,352) (15,911) (21,768) (29,361) (36,181) (43,006)
9,282 29,227 26,433 20,652 13,963 16,150

1,055 990 1,604 1,443 3,934 7,430

2,256 14,751 17,485 - 28,507 31,801
275 148 176 87 6 -
- - 5,057 7,050 6,580 6,117
3,698 1,656 448 448 -

130,000

2,606 5,272 3,463 12,800 8,540 12,387

9,890 22,817 28,233 21,828 47,567 187,735
(834) (805) (1,227) (1,333) (3,100) (5,241)
9,056 22,012 27,006 20,495 44,467 182,494

2,515 12,339 16,204 3,248 7,060 140,393

6,541 9,673 10,802 17,247 37,407 42,101
9,056 22,012 27,006 20,495 44,467 182,494

1,227 1,334 3,100

107 1,766 2,141

- - - 1,334 3,100 5,241

18,427
- - - - - 18,427

892
- - - - - 892

(898)
- - - - - (898)

(796)
- - - - - (796)

(2,306)
- - - - - (2,306)

- - - - - -
- - - - - -
- - - - - 15,319
- - - - - 15,319

14,033 17,446
4,543 299
(4,188) (4,588)
3,058 3,063
- - - - 17,446 16,220

4,700 4,379
12846 11,841
- - - - 17,546 16,220
 1,074 1,307
160 172
1,081 1,243
- - - - 2,315 2,722

1,161 1,263
193 178
1,704 1,622
- - - - 3,058 3,063

- -
- -
45 -
- - - - 45 -

- - - - 2,235 2,570
- - - - 353 350
- - - - 2,830 2,865
- - - - 5,418 5,785

659
4,133
2,659
- - - 7,451 - -

82,808 80,626 134,330 173,104 255,557 366789

85454
163,465 186,829 208,062 200,409 237,827 296131
246,273 267,455 342,392 373,513 493,384 748,374

246,273 267,455 342,392 373,513 493,384 748,374

- - - - - -
246,273 267,455 342,392 373,513 493,384 748,374

78,395 81,499 54,260 74,347 60,884 (15,758)

 - - - - - 2,197
- - - (15,645) (48,160) -
(6,316) (27,239) (18,319) (9,979) (28,482) (16,182)
72,079 54,260 35,941 48,723 (15,758) (29,743)
(38,406)
72,079 54,260 35,941 48,723 (15,758) (29,743)
- - - - - -
72,079 54,260 (2,465) 48,723 (15,758) (29,743)

27,447 22,312 20,526 17,494 13,816 9,879

- 35,630 42,119 43,826 43,168 -
- - 10,436 12,190 12,496 4,570
18,390 21,501 32,221 80,102 80,044 79,823
- - - 21,766 22,255 23,899
123,172

- - - - 171,576 170,370
45,837 79,443 105,302 175,378 343,355 411,713

30,225 27,447 22,312 20,526 17,494 13,816

- - 35,630 42,119 43,826 44,226
- - - 10,436 12,190 13,259
- 18,390 21,501 32,221 80,102 80,044
- - - - 21,766 20,864
- - - - - 171,146
-
-
30,225 45,837 79,443 105,302 175,378 343,355

- - - - - -
- 35,000 5,000 - - -
- - 9,300 2,000 - -
18,390 - 12,150 59,608 - -
- - - 20,050 - -
168,000 -
119,984
- - - - -
18,390 35,000 26,450 81,658 168,000 119,984
 4,255 3,909 3,229 2,061 2,561 663
- 630 7,743 9,467 11,468 5,782
- - 1,490 2,675 3,127 2,021
- 5,103 4,533 6,157 6,752 6,841
- - - 1,716 7,681 6,102
- - - - 27,160 32,531
3,188
-
4,255 9,642 16,995 22,076 58,749 57,128

(3,783) (3,909) (2,924) (1,542) (2,489) (850)

- - (5,624) (5,641) (11,068) (10,008)
- - (354) (1,785) (2,058) (2,660)
- (1,992) (2,853) (4,052) (6,810) (7,062)
- - - (8,583) (3,067)
- - - (24,014) (33,307)
-
-
(3,783) (5,901) (11,755) (13,020) (55,022) (56,954)

(3,250) (5,135) (2,091) (3,551) (3,750) (3,750)

- - (630) (2,119) - (40,000)
- - - (1,136) - (8,050)
- - (3,110) (13,832) - -
- - - - - -
- - - - - -
- -

(3,250) (5,135) (5,831) (20,638) (3,750) (51,800)

27,447 22,312 20,526 17,494 13,816 9,879

- 35,630 42,119 43,826 44,226 -
- - 10,436 12,190 13,259 4,570
18,390 21,501 32,221 80,102 80,044 79,823
- - - 21,766 20,864 23,899
- - - - 171,146 170,370
- - - - - 123,172
- - - - - -
45,837 79,443 105,302 175,378 343,355 411,713
 - 6,774 8,740 10,805 37,306 22,306
24,669 72,769 96,562 164,573 316,049 389,407
24,669 79,543 105,302 175,378 353,355 411,713
 K'000 K'000

17,503 13,236 9,852 7,904 5,647 5,244

3,212 6,242
8,662 8,571
- -
- 3,622 6,704 - -
- - 28,507 31,801
14,043 34,660 41,714 34,527 11,603 9,076
31,546 51,518 58,270 42,431 57,631 60,934

10,935 10,935 11,407 9,542 11,847 13,271

20,611 40,583 46,863 32,889 45,784 47,663
31,546 51,518 58,270 42,431 57,631 60,934

191,678 191,678 191,678 191,678 191,678 191,678

119,468 124,462 113,437 113,437 113,437 113,437

64,000 64,000 - - - -
- - - - - -
- - - - - -
183,468 188,462 113,437 113,437 113,437 113,437
 - - - - - 133,380
- - - - - -
- - - - - 133,380

1,000 1,000 1,000 1,500 - -

3,586 6,172 16,332 4810 6347 6347

7,820 6,366 9,566 0 0 0
11,406 12,538 25,898 4,810 6,347 6,347
 Actual Actual Actual Revised Budget
12 Months 12 Months 12 Months 12 Months
December December December December
2022 2023 2023 2024
P'000s P'000s P'000s P'000s

248,176
5,477
28,087
281,740 - - -

83,261
6,732
25,041
5,563
8,476
11,570
1,304

43,271

185,218 - - -

- - - -

5,301
4,742
4,855
6,829
(1,678)

20,049 - - -

(7,140)
14
(12)
(66)
229
1,203
1,331
(713)
1,001
4,055
12
3

(83) - - -

- - - -

73,601 - - -
7,382 - - -
2,124 - - -
3,054 - - -
2,148
1,946
(330)
3,138
1,427
2,911
1,306
8,542
14,734
4,861
1,161
4,457
777
1,514
2,758
 931
1,500
2
1,029
4,893

145,866 - - -

69,647
6,187
2,215
(4,448)

73,601 - - -

5,958
35,130

41,088 - - -

448,033

- - - -

448,033 - - -
- - - -
448,033 - - -
 - - - -

- - -
- -
- - - -

6,643 5,553 5,553 -

935
(2,025)
(1,090) - -
5,553 5,553 5,553 -

3,307,304 - - -
3,237,017 - - -
56,303 - - -
13,984 - - -

19,061 - - -
(51,226) - - -
56,303 - - -
13,984 - - -

3,326,365 - - -
3,185,791 - - -
112,606 - - -
27,968 - - -

7,610
(52)
 7,558 - - -

3,314,914 - - -
19,009 - - -
3,326,313 - - -

298,315 176,172 176,172

3,027,998 (176,172) - (176,172)
3,326,313 - - -

3,307,304 - - -
2,687,485
23,007
312,153
284,659

3,237,017 - - -
2,618,940
23,007
310,836
284,234

56,303 - - -
54,854
-
1,292
157

13,984 - - -
13,691
-
25
268

(51,720) - - -
(729)
(68)
(1,081)
(49,842)

(51,226) - - -
 (455)
(68)
(1,068)
(49,635)

(301) - - -
(165)
-
(9)
(127)

(193) - - -
(109)
-
(4)
(80)

7,610 - 6,347 -
7,610 - 6,347
- - -
- - -

- - - -
- - - -
- - - -
- - - -

- - - -
- - - -
- - - -
- - - -

- - - -
- - - -
- - - -
- - - -

7,610 - - -
7,610 - -
- - -
- - -
 (7,182) - - -
(7,182) - -
- - -
- - -

- - - -
- - - -
- - - -
- - - -

1,042,760 - 727,258 -
826,350 - 555,256
131,026 - 47,894
85,384 - 124,108

119,984 - 119,731 119,731

42,362 - 42,362 42,362
11,546 - 11,546 11,546
- - -
- - -
253
65,823 - 65,823 65,823

- - - -
5,687 - -
(3,907) - -

(1,780) - -

- - - -
(1,499) -
5,248 -

(3,749) -

- - - -
(8,271) -
(7,895) -

16,166 -
 - - - -
- -
- -

- -

10,897 - - -
- - -
- - -

10,897 -

5,549 - - -
- - -
- - -

5,549 -

5,549 - - -
(4,083) - - -
(6,554) - - -
- - - -
- - - -
16,186 - - -

28,231 - - -
8,552 - -
1,715 -

17,964 -

(54,040) - - (32,031)
(29,725) - (12,715)
(2,378) - (2,541)

(21,937) - (16,775)

52 (21) - -
- -
- -
 -
-
52 (21) -

(25,757) (21) - (32,031)

(21,173) - - (12,715)
(663) - - (2,541)
-
-
(3,921) (21) - (16,775)
- 119,731
99,523 (21) 119,731 87,700
17,106 - 42,362 29,647
4,329 - 11,546 9,005
- - - -
- - - -
78,088 (21) 65,823 49,048
- -

253 - - -
253 - -
- - -
- - -

- - - -
- - - -
- - - -
- - - -

- - - -
- - - -
- - - -
- - - -

- - - -
- - - -
- - - -
- - - -

- - - -
- - - -
- - - -
- - - -

- - - -
 - - - -
- - - -
- - - -

- - - -
- - - -
- - - -
- - - -

- - - -
- - -
- - -
- - -

- - - -
- - -
- - -
- - -

- - - -
- - - -
- - - -
- - - -

- - - -
- - - -
- - - -
- - - -

253 - - -
253 - - -
- - - -
- - - -

119,984 - 119,731 119,731

42,615 - 42,362 42,362
11,546 - 11,546 11,546
65,823 - 65,823 65,823

- - - -
5,687 - - -
(3,907) - - -
(1,780) - - -
 - - - -
(1,499) - - -
5,248 - - -
(3,749) - - -

- - - -
(8,271) - - -
(7,895) - - -
16,166 - - -

- - - -
- - - -
- - - -
- - - -

5,549 - - -
- - - -
- - - -
5,549 - - -

5,549 - - -
(4,083) - - -
(6,554) - - -
16,186 - - -

28,231 - - -
8,552 - - -
1,715 - - -
17,964 - - -

(54,040) - - (32,031)
(29,725) - - (12,715)
(2,378) - - (2,541)
(21,937) - - (16,775)

52 (21) - -
- - - -
- - - -
52 (21) - -

(25,757) (21) - (32,031)

(21,173) - - (12,715)
(663) - - (2,541)
(3,921) (21) - (16,775)
 99,776 (21) 119,731 87,700
17,359 - 42,362 29,647
4,329 - 11,546 9,005
78,088 (21) 65,823 49,048

179,827 - - -
82,811
77,454
19,562
(83,422) - - -
(18,734)
(64,688)
-
96,405 - - 108,550
64,077 - - 76,583
12,766 - - 14,637
19,562 - - 17,330

11,064 - - -
2,830
2,852
5,382

(398) - - -

(398)

(13,832) - - -
(13,832) - - -
- - - -
- - - -

- - - -
- - -
- 29
- (29)

- - - -
- - - -
- - - -
- - - -
 (7,382) - - -
(1,322)
(6,060)
-
0
- - - -

96,405 - - 108,550
64,077 - - 76,583
12,766 - - 14,666
19,562 - - 17,301
65,076

50,409.85
190,493 - - -
85,641 - - -
79,908 - - 29
24,944 - - (29)

(90,804) - - -
(20,056) - -
(70,748) - -
- - -

99,689 - - -
65,585 - - -
9,160 - - 29
24,944 - - (29)

90,322 106,158 107,200 107,200

1,465 - 14,446 -
13,832 - - 10,518

539 1,042 -
106,158 107,200 121,646 117,718

7,622 7,481
33,920 32,029
 36,920 36,538
13,465 13,146
5,782 5,484
- 0
3,950 3,927
9,205 9,190
4,850 4,400
- 5,523
- - 115,714 117,718

5,268
5,268 - - -

539 1,042 - -
5,807 1,042 - -

8,827 8,105 8,105 8,105

35,308 41,377 41,377 41,377
44,135 49,482 49,482 49,482

16,150
5,581
-
6,954
(6,954)
(616)
(3,054)
18,061 - - -

64,121 64,121 64,121 64,121

(46,060) (40,519) (40,519) (40,519)
18,061 23,602 23,602 23,602

5,462 3,283 3,069 3,882

51,657 48,189 39,871 15,102
3,772
5,734 5,170 4,974 4,659 Ed
ba
1,472 772

- 20,693

13,196 76,457 252,953 50,744

76,049 133,099 323,031 78,931
(3,882) (1,617) -
72,167 131,482 323,031 78,931

11,348
60,819
72,167 - - -

5,241 1,334
(1,359)
1,766
3,882 - 3,100 -

15,319
15,319 - - -

-
- - - -

-
- - - -

(2,552)
(2,552) - - -

(2,124)
(2,124) - - -

- - - -
- - - -
10,643 - - -
10,643 - - -

16,220 14,515 11,764 11,764

687
(4,897) (2,751) (841) 456
2,505 - -
14,515 11,764 10,923 12,220

3,919 -
10596 11,764 10,923
14,515 11,764 10,923 -
 1,407 2,570
185 350
1,601 2,865
3,193 - 5,785 -

1,140
162
1,203 10,935
2,505 - 10,935 -

- - -
- - -
- 45 -
- 45 - -

2,547 - 2,570 -
347 - 350 -
2,804 45 13,800 -
5,698 45 16,720 -

- - - -

541,341 649,301 1,198,180 1,270,717

3,023 148,400
226,192 226,192 226,192 211,620
360,147 390,896
1,127,680 1,266,388 1,427,395 1,630,737

1,127,680 1,266,388 1,427,395 1,630,737

- - - -
1,127,680 1,266,388 1,427,395 1,630,737

(29,743) (37,204) (45,749) (45,749)

 2,215 - - -
-
(9,676) (8,545) 64,538 46,049
(37,204) (45,749) 18,789 300

(37,204) (45,749) 18,789 300

- - - -
(37,204) (45,749) 18,789 300

6,322 1,935 1,000

-
-
81,397 54,371 54,144
-
329,487 200,000
637,240 320,000
2,562
157,181 229,727 223,729
574,387 637,240 606,033 481,436

9,879 9,879
- -
4,570 4,570
79,823 79,823
23,899 23,899
170,370 170,370
123,172 123,172
- -
411,713 - 411,713 -

- - - -
- - - -
- - - -
- - - -
- - - -
- - -
200,494

200,494 - - -
 503 2,561
- 11,468
- 3,127
7,173 6,752
2,794 7,681
27,325 27,160
16,117

53,912 - 58,749 -

(560) (2,489)
- (11,068)
- (2,058)
(5,599) (6,810)
(6,643) (8,583)
(26,514) (24,014)
(10,296)
-
(49,612) - (55,022) -

(3,500) (3,750)
- -
(4,570) -
- -
(20,050) -
(14,000) -
-
-
(42,120) - (3,750) -

6,322 - 6,201 -
- - 400 -
- - 5,639 -
81,397 - 79,765 -
- - 22,997 -
157,181 - 173,516 -
329,487 - 123,172 -
- - - -
574,387 - 411,690 -
 31,120 37,306 37,306
543,267 316,049 316,049
574,387 - 353,355 353,355
 K'000 K'000 K'000 K'000

4,329 3,760 3,594

5,401 5,378 13,821
15,328 25,064 25,064
-

51,657 48,189 -
8,444 11,224 180,989 222,213
85,159 93,615 223,469 222,213

18,175 11,847 11,847

66,984 45,784 45,784
85,159 57,631 57,631 -

191,678 191,678 191,678 191,678

- - - -

- - - -
- - - -
- - - -
- - - -
41,088 - - -
- - - -
41,088 - - -

- - - -

6347 6347
0 0
6,347 6,347 - -
 92,352
CSP
12 Months
December
2025
P'000s

-
-

-
- balancing to agree to CSP
-
-

-
-

-
-
-
-

-
-
-
-

-
-
-
-

-
-
-
-
 -

-
-
-

176,172
(176,172)
-

-
-

-
-
-
-

-
-
-
-

-
-
-
-

-
 -

-
-
-
-

87,700
29,647
9,005
-
-

49,048

(87,700)
(29,647)
(9,005)
-
-
(49,048)

-
 -

(87,700)
(29,647)
(9,005)
-
-
(49,048)

(33,165)
(13,165)
(2,631)
-
-
(17,369)

-
(33,165)
(13,165)
(2,631)

(17,369)

(33,165)
(13,165)
(2,631)
-
-
(17,369)

-
-
-
-

-
-
-
-

-
-
-
-

-
-
-
-

-
 -
-
-

-
-
-
-

-
-
-
-

-
-
-
-

-
-
-
-

87,700
29,647
9,005
49,048

(87,700)
(29,647)
(9,005)
(49,048)
 -
-
-
-

-
-
-
-

-
-
-
-

-
-
-
-

(87,700)
(29,647)
(9,005)
(49,048)

-
-
-
-

(33,165)
(13,165)
(2,631)
(17,369)

-
-
-
-

(33,165)
(13,165)
(2,631)
(17,369)
(33,165)
(13,165)
(2,631)
(17,369)

108,550
76,583
14,666
17,301

-
-
-
-

-
-
-
-
 -

108,550
76,583
14,666
17,301
154,092,415

-
-
-
-

-
-
-
-

117,718

117,718

7,481
32,029
 36,538
13,146
5,484
0
3,927
9,190
4,400
3,519
115,714

-
-
1,739

8,105
41,377
49,482
 -

64,121
(40,519)
23,602

Edward Mbombo:
balancing excluding ROU

183,824 excludes ROU

183,824
-
183,824

-
 -

-
-
-
-

12,220

(4,208)
-
8,012

-
 -

-
-
-
-

1,350,386
Edward Mbombo:
139,685 Balance sheet imbalance
2,847,896
plug

1,490,071

1,490,071
-
1,490,071

300
 -

73,973
74,273

74,273
-
74,273

Not split

558,249

558,249

-
-
-
-
-

-
72,780
72,780

-
-
-
-
-
-
-
72,780
72,780
 37,306
316,049
353,355
 K'000

Not split

170,781 reallocated IFRS9 provisions from here

170,781

191,678

-
-
-
-
-
-
-

-
 Need to split customer deposits into fixed and savings accounts Check the BoZ returns

Note 17 Change year header for 2021 from 2020

Non- current government securities to reallocate to non-current assets
Check the BoZ returns
CREDIT RISK
Large borroings definition 10% of regulatory capital
Insider borrowing limits % of regulatory capital % of net income
Single Insider Borrower 10%
Total Large Borrowings 600%
Individual Exposure Limit 25%
Lending to retail customers 40%

INTERNAL CREDIT RATING

PD Estimation Scorecard Recovery Rate

Arrears Count Changes in collateral values eg property prices
Payment Behaviour Commodity prices
Employment Status Payment status
Income
Interest Rates
 March March March
2016 2017 2018
Capital Supply
Tier 1 204,931 243,045 253,127
Tier 2 14,955 14,427 23,824
Intangible Assets (9,282) (29,227) (26,433)
Total Primary Capital 210,604 228,245 250,518

CAR #NAME? #NAME? #NAME?

Capital Demand - RWAs

Accounting Assets Weight

Cash balances 0% - - -
Placements with other financial institutions
(1 year maturity) 20% - - -
Treasury Bills 0% - - -
Government Bonds (net of provision) 20% - - -
Mortgage Loans (net of provision) 50% #NAME? #NAME? #NAME?
Other Advances (balancing) 100% #NAME? #NAME? #NAME?
Property, plant and equipment 100% 110,204 96,714 96,770
Right of use asset 100% - - -
Investment properties 100% 54,892 96,150 103,896
Other assets 100% 9,056 22,012 27,006
Intangible assets 100% 9,282 29,227 26,433
Total assets - on balance sheet #NAME? #NAME? #NAME?

Total Credit RWA - on Balance Sheet #NAME? #NAME? #NAME?

Capital Requirement - Minimum #NAME? #NAME? #NAME?
CAR - Minimum #NAME? #NAME? #NAME?

Effecttive weight #NAME? #NAME? #NAME?

 March March March December December August December December
2019 2020 2021 2022 2023 2023 2024 2025

266,354 285,473 1,272,064 1,249,527 1,250,861 1,252,377 1,252,377 1,252,377

22,207 22,207 24,944 - - - - -
(20,652) (13,963) (16,150) (18,061) - - - -
267,909 293,717 1,280,858 1,231,466 1,250,861 1,252,377 1,252,377 1,252,377

#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

 - - 133,380 41,088 - - - -

- - - - - - - -
- - - - - - - -
- - - - - - - -
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
103,011 105,356 106,903 96,405 - - 108,550 108,550
- - 15,319 10,643 - - - -
108,185 112,195 90,322 106,158 107,200 121,646 117,718 117,718
20,495 44,467 182,494 72,167 131,482 323,031 78,931 183,824
20,652 13,963 16,150 18,061 - - - -
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?
#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

 2016 2017 2018 2019 2020
Mortgages
-Financial Institutions - - - - -
-Private and Corporations 2,898 2,643 3,241 3,381 2,995
-Individuals & Households - 171,785 544,510 189,229 203,548
2,898 174,428 547,751 192,610 206,543

Banking loans and advances

-Financial Institutions - - - - -
-Private and Corporations - - - - -
-Individuals & Households 244,036 250,005 370,303 498,632 498,407
244,036 250,005 370,303 498,632 498,407

Staff loans and advances

-Financial Institutions - - -
-Private and Corporations - - -
-Individuals & Households - 20,673 15,961
- - - 20,673 15,961

Total Loans and Advances

-Financial Institutions - - - - -
-Private and Corporations 2,898 2,643 3,241 3,381 2,995
-Individuals & Households 244,036 421,790 914,813 708,534 717,916
246,934 424,433 918,054 711,915 720,911
 2021

-
3,295
245,062
248,357

-
-
420,661
420,661

-
-
-
-

-
3,295
665,723
669,018
Financial Risk Management Note

Off-balance sheet facilities

2016 2017 2018 2019 2020
Maximum exposure 16,332 4,810 6,347
Collateral 21,780 6,413 8,462
Net exposure - - (5,448) (1,603) (2,115)
Credit conversion factor 100% 100% 100% 100% 100%
Converted Amount - - 16,332 4,810 6,347
ECL Provision - - - 163 441
% Provision 0% 0% 0% 3% 7%

Why do you have a

provision when the net
exposure(EAD) is
negative?
 2021
7,182
9,576
(2,394)
100%
7,182
253
4%

u have a
when the net
AD) is