Balance Sheet

For the period ended 31 December 2009

		The Group		The Bank
	Note	9 months to 31 Dec 2009 N'million	12 months to 31 Mar 2009 N'million	9 months to 31 Dec 2009 N'million	12 months to 31 Mar 2009 N'million
Assets
Cash and balances with the Central Bank	9	70,332	140,403	67,576	140,353
Treasury bills	10	14,219	17,697	14,219	17,697
Due from other banks	11	514,193	764,048	255,902	510,722
Loans and advances to customers	12	1,078,452	740,397	1,022,486	684,107
Advances under finance lease	14	10,835	11,769	10,835	11,769
Investment securities	15	64,737	45,524	49,386	34,663
Investment in associates	16	3,248	2,884	2,224	2,224
Investment in subsidiaries	17	-	1,510	30,416	28,449
Trading securities	18	221,863	151,111	221,863	151,111
Managed funds	19	84,630	36,894	-	-
Other assets	20	55,226	51,884	51,245	48,007
Investment property	21	6,631	6,098	-	-
Property and equipment	22	47,980	39,695	46,302	38,320
Total Assets		2,172,346	2,009,914	1,772,454	1,667,422
Liabilities
Customer deposits	23	1,339,142	1,194,455	1,236,599	1,071,836
Due to other banks	24	173,280	170,410	65,087	78,980
Liability on investment contracts	25	148,224	93,296	-	-
Other borrowings	26	35,473	35,042	35,473	35,042
Current income tax	8	19,625	11,283	14,948	7,238
Other liabilities	27	135,707	154,057	92,172	109,796
Deferred income tax liabilities	28	10,612	13,634	10,144	12,758
Retirement benefit obligations	29	725	332	544	718
Total Liabilities		1,862,788	1,672,509	1,454,967	1,316,368
Equity
Ordinary share capital	30	14,504	12,432	14,504	12,432
Share premium account	31	254,524	254,524	254,524	254,524
Statutory reserve	32	23,660	23,424	23,475	23,284
Exchange difference reserve	32	3,962	733	2,836	2,836
Retained earnings	32	549	30,648	9,789	42,334
Bonus issue reserve	32	-	2,072	-	2,072
Reserve for small/medium scale industries	32	9,980	11,193	9,980	11,193
Revaluation reserve (property)	32	2,379	2,379	2,379	2,379
Total equity		309,558	337,405	317,487	351,054
Total equity and liabilities		2,172,346	2,009,914	1,772,454	1,667,422
Acceptances and guarantees	33	972,601	696,378	431,316	314,973

The accounting policies (see Statement of Significant Accounting Policies) and financial statements and notes were approved by the Board of Directors on 31 March 2010 and signed on its behalf by: