Notes to the Financial Statements

for the year ended March 31, 2009

2. Cash and Balances with Central Bank

	The Group		The Bank
	2009 N'million	2008 N'million	2009 N'million	2008 N'million
Cash	24,467	18,370	24,417	18,321
Balances with Central Bank of Nigeria:
Cash reserve requirements	16,481	18,264	16,481	18,264
Current account	99,870	52,077	99,870	52,077
Other accounts	414	414	414	414
	141,232	89,125	141,182	89,076
Provision for doubtful accounts (note 2.1)	(829)	(774)	(829)	(774)
	140,403	88,351	140,353	88,302

 

2.1 Provision for doubtful accounts

	The Group		The Bank
	2009 N'million	2008 N'million	2009 N'million	2008 N'million
At April 1	774	779	774	774
Reclassified to Other Assets	-	(5)	-	-
Additions for the year (note 34)	55	-	55	-
At March 31	829	774	829	774