Notes to the Financial Statements

for the year ended March 31, 2009

9. Advances under Finance Lease

	The Group		The Bank
	2009 N'million	2008 N'million	2009 N'million	2008 N'million
Gross investment	15,217	13,358	15,217	13,358
Unearned income	(3,329)	(2,957)	(3,329)	(2,957)
Net investment	11,888	10,401	11,888	10,401
Provision for performing accounts (note 9.1)	(119)	(104)	(119)	(104)
	11,769	10,297	11,769	10,297

 

9.1 Provision for performing accounts

	The Group		The Bank
	2009 N'million	2008 N'million	2009 N'million	2008 N'million
At April 1	104	31	104	31
Charge for the year (note 32)	15	73	15	73
At March 31	119	104	119	104

 

9.2 The investment in finance leases by maturity is:

	The Group		The Bank
	2009 N'million	2008 N'million	2009 N'million	2008 N'million
Over 3 months but within 6 months	1,644	759	1,644	759
Over 6 months but within 12 months	603	868	603	868
Over 12 months	9,641	8,774	9,641	8,774
	11,888	10,401	11,888	10,401

 

9.3 Analysis of advances under finance lease by quality

	The Group		The Bank
	2009 N'million	2008 N'million	2009 N'million	2008 N'million
Performing	11,888	10,401	11,888	10,401

 

9.4 Analysis by tenure

	The Group		The Bank
	2009 N'million	2008 N'million	2009 N'million	2008 N'million
Current portion	11,888	10,401	11,888	10,401