Old Name

ASSETS

Cash and balances with central banks

10000 Cash
10001 Operating account with the central bank
10002 Mandatory reserve deposit with the central bank

Loans and advances to banks

10011 Current balances with banks within Nigeria
10012 Current balances with banks outside Nigeria
10013 Short term placements with banks and discount houses
10014 Long term placements - more than 90 days

Loans and advances to customers

10021 Gross loans
Loans to Retail
10022 - Overdrafts
10023 - Term loans
10024 - Staff loans
10027 - Project finance
10033 Impairment allowance on leases
Loans to corporate entities and other organisations
10022 OverdraftsLTC
10023 Term loansLTC
10024 Staff loansLTC
10027 Project financeLTC
10033 Advance under finance leaseLTC
10034 Provision
10035 -Loan loss provision - NPL (specific)
10036 -Loan loss provision - PL (collective)
Provision

10037 Loan Profile

- Performing Loans
- Non-Performing Loans

Financial Assets held for Trading (HFT)

10040 Treasury Bills
10041 Treasury bills with maturity of less than 90 days
10042 Treasury bills with maturity over 90 days
10044 Bonds held for trading
10045 - Carrying Value
10050 Listed equities
10051 - Carrying Value
10053 Unlisted equities
10054 - Carrying Value
10055 - Fair value gain/(loss)
10056 Derivative assets
Forward FX contract
Currency swap
Margin call

Invesment Securities
Available for Sale (AFS)
10060 Treasury Bills
10061 – Treasury bills with maturity of less than 90 days
10062 – Treasury bills with maturity of more then 90 days
10064 Bonds
10065 – Government bonds
10066 – Other bonds
10070 Listed equities
10071 - Carrying Value
10072 - Fair value gain/(loss)
10073 Unlisted equities
10074 - Carrying Value
10075 - Fair value gain/(loss)
Held to Maturity (HTM)
10080 Treasury Bills
10081 – Treasury bills with maturity of less than 90 days
10082 – Treasury bills with maturity of more than 90 days
10083 Bonds
10084 - Carrying Value
10087 - Interest receivable on Bonds
10091 Unlisted debt

Assets pledged as collateral

10100 Treasury Bills
10101 - Available for sale
10102 - Held to maturity
10104 Bonds
10105 - Available for sale
10106 - Held to maturity

Property, plant and equipment

10115 Cost
10120 Accumulated depreciation

Intangible assets
Good will
 Acquisition of subsidiary
Remeasurement of goodwill
10125 Cost
10130 Accumulated depreciation

Inventory
10135 - Work in progress
10137 - Stock of properties

Investment in subsidiary
Deferred tax asset

Other assets
Fraud and loss suspense
Accounts receivable
Deferred expenses
Other receivables
Prepayments
Inventory
Premium debtors and receivable from underwriters
Less specific allowances for impairment

Assets classified as held for Sale

10190 PPE
10191 Accounts receivable
10192 Investment in Mortgages

Total Assets

LIABILITIES

Deposits from banks

20001 Due to banks within Nigeria
20002 Due to banks outside Nigeria

Deposit from customers

20010 Current deposits
20011 Savings deposit
20012 Term deposits
20013 Domiciliary deposit (Foreign Currency)
20014 Electronic purse

Financial liabilities held for trading

20020 Derivatives
20021 Margin calls
 Borrowings
20030 FBN EuroBond
20031 Proparco
20032 On-lending facilities from financial institutions
20033 Borrowing from correspondence banks

Retirement benefit obligations

20040 - defined benefit scheme (gratuity)
20041 - defined Contribution scheme (pension)

Current income tax liability

Deferred tax liability

Other liabilities
20070 Customers' deposit for letters of credit
20071 Accounts payable
20072 Deposit for foreign currency
20073 Client deposit
20074 Sundry Creditors
20075 Other payables
20076 Bank cheques
20077 Collection on behalf of third parties
20078 Provision
20079 Accruals
20080 Deferred revenue
20081 Fraud and losses
20082 Statutory costs
20083 Lease Liability

20090 Liabilities classified as held for Sale

Total Liabilities

EQUITY

30000 Share capital

Share premium
30010 Opening balance
30011 Transfer from/(to) reserve

Retained earnings
30020 Opening balance
 30021 Transfer from P/L for the period
30021.1 Restatement - Impact of New Standard
30022 Dividend paid - 2019
30023 Transfer to/from SCR
30024 Transfer to/from Statutory reserve
30025 Transfer to/from SMEEIS Reserve
30026 Transfer to/from Contigency Reserve
30027 Transfer to/from Treasury Share Reserve
30028 Transfer to/from other Reserves
30029.1 Actuarial gains/(losses) on defined benefit pension scheme
30029.2 Expected return on plan assets

Other reserves
30030 Statutory reserve
30031 Opening balance
30031.1 Restatement - Impact of New Standard
30032 Transfer from/to retained earnings
30040 Treasury share reserve
30041 Opening balance
30041.1 Restatement - Impact of New Standard
30042 Transfer from/to retained earnings
30050 SMEEIS reserve
30051 Opening balance
30051.1 Restatement - Impact of New Standard
30052 Transfer from/to retained earnings
30060 Contingency reserve
30061 Opening balance
30061.1 Restatement - Impact of New Standard
30062 Transfer from/to retained earnings
30070 Statutory credit reserve
30071 Opening balance
30071.1 Restatement - Impact of New Standard
30072 Transfer from/to retained earnings
30080 Fair value reserve (AFS)
30081 Opening balance
30081.1 Restatement - Impact of New Standard
30082 Transfer from OCI for the period
30090 Exchange difference reserve
Opening balance
Restatement - Impact of New Standard
Transfer from OCI for the period
30093 Revaluation reserve

Total equity
 Total equity and liabilities

Control - Balance Sheet

Income statement
Gross Earnings

50000 Interest income

50001 Loans and advances to banks
50002 Investment securities
50003 Loans and advances to customers
50020 Interest expense
50021 Customer deposits
50025 Deposits from banks
50026 Borrowings
50027 Lease Liability (IFRS 16)
Net interest income
50030 Impairment charge for credit losses
50031 (Increase)/ Decrease in collective impairment
50032 (Increase)/ Decrease in specific impairment
50035
50033 Bad Debt Written Off
50034 Net recoveries on loans previously written off
50036 Increase/ (decrease) in impairment in investment
50037 Increase/ (decrease) in impairment in Loan & Advances to Banks
50038 Increase/ (decrease) in impairment in other assets
50039 Increase/ (decrease) in impairment in off Balance Sheet
Net int inc after impairment charge for credit losses
50040 Fee and commission income
50041 Credit related fees
50042 Commission on turnover
50043 Commission on Bonds and Guarantees
50044 LC Commission & fee
50045 Funds transfer & Intermediation fees
Brokerage and Intermediation
50046 Money transfer commission
Electronic Banking Fees
Account Maintenace Fees
Custodian Fees
50047 Other fees and commission
50051 Fee and commission expense
Net Fee and commission income
50055 Foreign exchange income
Foreign exchange trading income
 Revaluation gain on foreign currency balances
50060 Net gains/(losses) on investment securities
50061 Gains/ (losses) on Equity securities
50062 Gains/ (losses) on Debt securities - Bonds & T.Bills
50063 Impairment of available for sale financial assets
50064 Others
50070 Net gains/(losses) from financial assets classified as held for trading
50071 Fair value gain/(loss) on Debt securities
50072 Trading income on Debt securities
50073 Fair value gain on Derivatives
50080 Dividend income
50090 Other operating income
50100 Operating expenses
50101 (Profit)/ Loss on sale of property, plant and equipment
50102 Depreciation
50103 Amortization
50104 Personnel expenses
wages&salaries
Pension Costs
Defined contribution plans_subsidiary
defined benefit plans_subsidiary
Other employee benefits_Subsidiary
50105 Maintenance
50106 Directors remuneration
50107 Auditors renumeration
50108 Insurance premium
50109 Rent and rates
50110 Regulatory Insurance premium
50111 Regulatory Cost
50112 Advert & Corporate Promotions
50113 Legal and other professional fees
50114 Donations & Subscriptions
50115 Consultancy fees
50116 Stationery & printing
50117 Commication,lights and power
50118 Cash Handling Charges
50119 Statutory fees
50119 Passages and Travels
50119 Operational and other losses
50119 Outsourced cost
50119 Other Operating expenses

Operating profit

50200 Share of profit / (loss) of associates

 Profit before tax

50300 Income tax expense

50400 Discontinued Operations

PROFIT FOR THE YEAR

Profit attributable to:

Owners of the parent
Non-controlling interests
Other comprehensive income:
Realised gain
60000 Exchange difference on translation of foreign operations
60010 -Unrealised net gains arising during the period, before tax
60020 -Net reclassification adjustments for realised net gains or losses, before tax
60030
60040 Actuarial gains/(losses) on retired benefit obligation
60050 Expected return on Plan assets
60060 Share of other comprehensive income of associates
60070 Tax effect of other comprehensive income
Other comprehensive income for the year, net of tax

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

 New Name

Cash and balances with central banks

Cash_Subsidiary
OperatIng Account With The Central Bank_Subsidiary
MAndaTory Reserve dePosit With The central Bank_Subsidiary

Loans and advances to banks

Current Balances With Banks WithIn Nigeria_Subsidiary
Current Balances With Banks outside Nigeria_Subsidiary
Short term Placements With Banks And discount houses_Subsidiary
LOng term Placements - more than 90 days_Subsidiary

Loans and advances to customers

Gross loans
Loans to Retail
OverdraftsLTR
Term loansLTR
Staff loansLTR
Project financeLTR
Advance under finance leaseLTR
Loans to corporate entities and other organisations
OverdraftsLTC
Term loansLTC
Staff loansLTC
Project financeLTC
Advance under finance leaseLTC
ECL Allowance
Stage1
stage2
stage3

Loan Profile
- Performing Loans
- Non-Performing Loans

Fair Value through Profit or Loss

Treasury Bills
Treasury bills With maturity Of less than 90 days_Subsidiary
Treasury bills With maturity over 90 days_Subsidiary
Bonds FVTPL
CarryIng Value_Subsidiary
Listed equities
CarryIng Value_Subsidiary
Unlisted equities
CarryIng Value_Subsidiary
Fair value Gain/(loss)_Subsidiary
Derivative assets
Forward FX cOntract_Subsidiary
Currency swaP_Subsidiary
MargIn call_Subsidiary

Invesment Securities
Fair Value through OCI
Treasury Bills
Treasury bills With maturity Of less than 90 days_Subsidiary
Treasury bills With maturity Of more Then 90 days_Subsidiary
Bonds
Government bonds_Subsidiary
Other Bonds_Subsidiary
Listed equities
CarryIng Value_Subsidiary
Fair value Gain/(loss)_Subsidiary
Unlisted equities
CarryIng Value_Subsidiary
Fair value Gain/(loss)_Subsidiary
Amortised Cost
Treasury Bills
Treasury bills With maturity Of less than 90 days_Subsidiary
Treasury bills With maturity Of more Then 90 days_Subsidiary
Bonds
CarryIng Value_Subsidiary
Interest receivable On BOnds_Subsidiary
Unlisted debt

Assets pledged as collateral

FVOCI Securities
FVOCI Treasury Bills_Subsidiary
FVOCI Bonds_Subsidiary
Debt securities at amortized cost
Amortised Cost Treasury Bills_Subsidiary
Amortised Cost Bonds_Subsidiary

Refer PPE Movement sch sheet (Click Here)

Intangible assets
Good will
AcquisitiOn Of Subsidiary_Subsidiary
Remeasurement Of Goodwill_Subsidiary
Refer Intangible Movement Sheet (Click Here)

Work In Progress_Subsidiary
STock Of Properties_Subsidiary

Investment in subsidiary
Refer Deferred Tax Mov Sch

Other assets
Fraud And loss susPense_Subsidiary
Accounts receivable_Subsidiary
Deferred Expenses_Subsidiary
Other receivables_Subsidiary
Prepayments_Subsidiary
Inventory_Subsidiary
Premium debTors And receivable From underwriters_Subsidiary
Provision For Other Assets_Subsidiary

PPE_Subsidiary
Accounts receivable_Subsidiary
Investment In Mortgages_Subsidiary

Total Assets

Deposits from banks

Due To Banks WithIn Nigeria_Subsidiary
Due To Banks outside Nigeria_Subsidiary

Deposit from customers

Current dePosits_Subsidiary
Savings dePosits_Subsidiary
Term deposits_Subsidiary
Domiciliary deposits_Subsidiary
Electronic Purse_Subsidiary

Financial liabilities at fair value through P or L

Derivatives_Subsidiary
MargIn calls_Subsidiary
Borrowings
FBN EuroBOnd_Subsidiary
Proparco_Subsidiary
On-lendIng facilities From fInancial InstitutiOns_Subsidiary
BorrowIng From corresPOndence Banks_Subsidiary

Retirement benefit obligations

defIned benefit scheme (Gratuity)_Subsidiary
defIned contribution scheme (PensiOn)_Subsidiary

Refer Curr Income Tax Liability Mov

Refer Deferred Tax Sch

Customers' dePosit For letters Of Credit_Subsidiary

Accounts Payable_Subsidiary
DePosit For Foreign currency_Subsidiary
Client dePosit_Subsidiary
Sundry Creditors_Subsidiary
OTher Payables_Subsidiary
Bank Cheques_Subsidiary
CollectiOn On behalf Of third Parties_Subsidiary
ProvisiOn_Subsidiary
Accruals_Subsidiary
Deferred revenue_Subsidiary
Fraud And losses_Subsidiary
StatuTory costs_Subsidiary
Lease Liability_Subsidiary

Liabilities classified as held For Sale_Subsidiary

Share caPital_Subsidiary

Opening Balance_Subsidiary
Transfer from/(to) reserve

Opening Balance_Subsidiary
 Transfer From P/L For The Period_Subsidiary
Restatement _Impact of New Standard_Subsidiary
Dividend Paid - 2019_Subsidiary
Transfer To/From SCR_Subsidiary
Transfer To/From StatuTory Reserve_Subsidiary
Transfer To/From SMEEIS Reserve_Subsidiary
Transfer To/From COntigency Reserve_Subsidiary
Transfer To/From Treasury Share Reserve_Subsidiary
Transfer To/From OTher Reserves_Subsidiary
Actuarial Gains/(losses) On DefIned Benefit Pension Scheme_Subsidiary
ExPected Return On Plan Assets_Subsidiary

Statutory reserve
Opening Balance_Subsidiary
Restatement _Impact of New Standard_Subsidiary
Transfer From/To retaIned Earnings_Subsidiary
Treasury share reserve
Opening Balance_Subsidiary
Restatement _Impact of New Standard_Subsidiary
Transfer From/To RetaIned Earnings_Subsidiary
SMEEIS reserve
Opening Balance_Subsidiary
Restatement _Impact of New Standard_Subsidiary
Transfer From/To RetaIned Earnings_Subsidiary
Contingency reserve
Opening Balance_Subsidiary
Restatement _Impact of New Standard_Subsidiary
Transfer From/To RetaIned Earnings_Subsidiary
Statutory credit reserve
Opening Balance_Subsidiary
Restatement _Impact of New Standard_Subsidiary
Transfer From/To RetaIned Earnings_Subsidiary
Fair value reserve (AFS)
Opening Balance_Subsidiary
Restatement _Impact of New Standard_Subsidiary
Transfer From OCI For The Period_Subsidiary
Exchange difference reserve
Opening Balance_Subsidiary
Restatement _Impact of New Standard_Subsidiary
Transfer From OCI For The Period_Subsidiary
Revaluation Reserve_Subsidiary

Total equity
 Total equity and liabilities

Control - Balance Sheet

Interest income
Loans and advances to Banks_Subsidiary
Investment securities_Subsidiary
Loans and advances to customers_Subsidiary
Interest expense
Customer Deposits_Subsidiary
Deposit from Banks_Subsidiary
Borrowings _Subsidiary
Lease Liability (IFRS 16)_Subsidiary
Net interest income
Impairment charge for credit losses
(Increase)/ Decrease in Impairment Stage 1_Subsidiary
(Increase)/ Decrease in Impairment Stage 2_Subsidiary
(Increase)/ Decrease in Impairment Stage 3_Subsidiary
Bad Debt Written Off
Net recoveries on loans previously written of_Subsidiary
(Increase)/ decrease in impairment in investment_Subsidiary
Increase/ (decrease) in impairment in Loan & Advances to Banks_Subsidiary
Increase/ (decrease) in impairment in other assets_Subsidiary
Increase/ (decrease) in impairment in off balance sheet_Subsidiary

Credit related fees_Subsidiary

Commission on turnover_Subsidiary
Commission on Bonds and Guarantees_Subsidiary
LC Commission & fee_Subsidiary
Funds transfer & Intermediation fees_Subsidiary
Brokerage And Intermediations_Subsidiary
Money Transfer Commission_Subsidiary
Electronics Banking Fees_Subsidiary
Account Maintenance Fees_Subsidiary
Custodian fees_subsidiary
Other fees and commission_subsidiary
Fee And CommissiOn Expense_Subsidiary

Foreign Exchange Trading Income_Subsidiary

Revaluation gain on foreign currency balances_Subsidiary

Gains/ (losses) on Equity securities_Subsidiary

Gains/ (losses) on Debt securities - Bonds & T.Bills_Subsidiary
Impairment of available for sale financial assets_Subsidiary
Others_Subsidiary

Fair value gain/(loss) on Debt securities

Trading income on Debt securities
Fair value gain on Derivatives
Dividend Income_Subsidiary
OTher OPeratIng Income_Subsidiary

(Profit)/ Loss on sale of property, plant and equipment

DePreciaton_Subsidiary
Amortization_Subsidiary
Personnel expenses
wages&salaries
Pension Costs
Defined contribution plans_subsidiary
defined benefit plans_subsidiary
Other employee benefits_Subsidiary
MaIntenance_Subsidiary
DirecTors RemuneratiOn_Subsidiary
AudiTors RenumeratiOn_Subsidiary
Insurance Premium_Subsidiary
Rent And Rates_Subsidiary
Regulatory Insurance premium_Subsidiary
Amcon cost_Subsidiary
Advert & CorPorate PromotiOns_Subsidiary
Legal And OTher PrOfessiOnal Fees_Subsidiary
DOnatiOns & SubscriPtiOns_Subsidiary
COnsultancy Fees_Subsidiary
StatiOnery & PrIntIng_Subsidiary
CommicatiOn,Lights And Power_Subsidiary
Cash HAndlIng Charges_Subsidiary
StatuTory Fees_Subsidiary
Passages And Travels_Subsidiary
OPeratiOnal And OTher losses_Subsidiary
Outsourced cost_Subsidiary
OTher OperatIng Expenses_Subsidairy

Operating profit
Income tax expense
Current income tax - current period
Company income tax
Education tax
Information tax
Deferred tax
Origination and reversal of temporary deferred tax differences

Exchange Difference On Translation Of Foreign Operations_Subsidairy

Unrealised Net Gains ArisIng During The Period, BeFore tax_Subsidairy
Net Reclassification Adjustments For Realised Net Gains Or Losses, BeFore Tax_Subsidairy

Actuarial Gains/(losses) On Retired Benefit ObligatiOn_Subsidairy

ExPected Return On Plan Assets_Subsidairy
Share Of OTher comPrehensive Income Of associates_Subsidairy
Tax effect Of OTher comPrehensive Income_Subsidairy
 -

3,071,036,372
71,036,372

3,000,000,000

39,423,820
39,423,820
39,423,820

39,423,820
-

click Here

39,423,820
39,423,820

-
-
-
-
-

-
-
 -
-
-
-
-
-
-

13,030,326,323
-
-
-
-
-
-
-
-
-
-
-
-
-
13,030,326,323
-
-
-
13,030,326,323
13,030,326,323
-

-
-
-
-
-

4,772,352,796
5,895,649,913
(1,123,297,117)

103,840,245
-
 519,740,308
(415,900,063)

165,527,481

1,530,224,354

974,635,963
41,307,780
418,279,061
96,001,550

-
-
-
-

22,712,731,392

-
-

-
 - Also Provide Movement data

-
-

3,647,901,982

3,909,135,841

72,667,363

2,260,000,000

1,025,101,377
482,968,884
68,398,218

7,557,037,823

2,000,000,000

-
-
-

13,155,693,569
13,595,090,638
 1,820,602,931
-
(2,260,000,000)

-
-

-
-

-
-

-
-

-
-

-
-

-
-

15,155,693,569
22,712,731,392

(0)

635,616,766
-
633,426,759
2,190,006
-

635,616,766
-

635,616,766
3,213,446,034

3,213,446,034

(102,811,351)
3,110,634,682
-
 -
-
-
-
-
-

-
-
-
27,226,440
(1,096,120,636)

(87,453,741)
(31,312,342)
(257,955,264)
(245,238,171)
(12,717,093)
(12,717,093)

(107,913,565)
(114,234,954)
(6,875,000)
(7,526,484)
(18,266,467)

(64,198,301)
(19,433,333)
(7,022,973)

(2,251,983)
(24,472,428)

(4,005,970)

(343,197,832)

2,677,357,252

-
2,677,357,252

(856,754,321)
(856,754,321)
(856,754,321)

1,820,602,931

1,820,602,931
Loans and Advances to Customer

Stage 1 Individual

Gross carrying amount as at 1 January 2020

New assets originated or purchased
Assets derecognised or repaid (excluding write-offs)
Change in fair value
Transfers to Stage 1
Transfers to Stage 2
Transfers to Stage 3
Changes due to modifications not derecognised
Amounts written off
Exchange Difference
At 31st January 2020 -

Stage 1 Individual

ECL allowance as at 1 January 2020 -

Impact of IFRS 9
Transfers to Stage 1
Transfers to Stage 2
Transfers to Stage 3
Charge/(Write back) to income statement -
Amounts written off
Exchange Difference
At 31st January 2020 -

Comparative Year
Stage 1 Individual

ECL allowance as at 1 January 2019

Transfers to Stage 1
Transfers to Stage 2
Transfers to Stage 3
Charge/(Write back) to income statement
Amounts written off
Exchange Difference
At 31 January 2019 -
 Stage 2
Stage 3 Total
Individual

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

Stage 2
Stage 3 Total
Individual
-
- - -
-
-
-
-
- - -
-
-
- - -

Stage 2
Stage 3 Total
Individual
-
-
-
-
-
-
-
-
- - -
Property, plant and equipment
Opening Balance Additions Reclassifications Transfer Disposals Write Offs Held for sale Exchange difference At End of Period
Cost 5,626,710,541 284,716,372 - - (15,777,000) - - - 5,895,649,913
Improvement & buildings 213,502,441 213,502,441
Land 864,228,284 864,228,284
Motor Vehicles 445,801,463 (14,160,000) 431,641,463
Office Equipment 85,528,417 434,000 3,773,250 (1,617,000) 88,118,667
computer Equipment 532,138,290 317,125 532,455,415
Furniture, Fittings and Equipment 37,056,909 37,056,909
Plant &Machinary -
Work In Progress 3,312,639,624 269,678,477 (3,773,250) 3,578,544,851
Right of Use Asset 135,815,115 14,286,770 150,101,885

Opening Balance Depreciation Reclassifications Transfer Disposals Write Off Held for sale Exchange difference At End of Period
Oladapo A Olapoju:
Accumulated depreciation (1,020,465,926) (102,831,190) - - - Please -allow the Accum - - (1,123,297,117)
Improvement & buildings (211,908,818) (1,121,238) Depreciation to be in (213,030,056)
Land Negative and do not -
amend the Totals line.
Motor Vehicles (166,868,936) (28,669,356) (195,538,292)
Office Equipment (71,898,647) (1,549,088) (73,447,735)
computer Equipment (457,496,882) (39,943,772) (497,440,653)
Furniture, Fittings and Equipment (34,490,029) (510,417) (35,000,446)
Plant &Machinary -
Work In Progress -
Right of Use Assets (77,802,615) (31,037,320) (108,839,935)

NBV 4,731,090,846 NBV

Improvement & buildings 1,593,622 (1,121,238) - - - - - - 472,385
Land 864,228,284 - - - - - - - 864,228,284
Motor Vehicles 278,932,527 (28,669,356) - - (14,160,000) - - - 236,103,170
Office Equipment 13,629,770 (1,115,088) 3,773,250 - (1,617,000) - - - 14,670,932
computer Equipment 74,641,408 (39,626,647) - - - - - - 35,014,761
Furniture, Fittings and Equipment 2,566,880 (510,417) - - - - - - 2,056,463
Plant &Machinary - - - - - - - - -
Work In Progress 3,312,639,624 269,678,477 (3,773,250) - - - - - 3,578,544,851
Right of Use Assets 58,012,500 (16,750,550) - - - - - - 41,261,950

5895649912.94
Intangible assets

Opening balance Additions Write off Reclassification Exchange difference At End Of the Period
Cost 519,740,308.44 - - - - 519,740,308.44
Computer Software 519,740,308 519,740,308.44
Work In Progress -

Oladapo A Olapoju:
Accumulated amortisation (384,587,721.67) (31,312,341.73) - -
Please allow the Accum - (415,900,063.40)
Computer Software (384,587,722) (31,312,342) Amortisation to be in (415,900,063.40)
Work In Progress Negative and do not -
amend the Totals line.

NBV 135,152,586.77 (31,312,341.73) - - - 103,840,245.04

Computer Software 135,152,587 (31,312,342) - - - 103,840,245.04
Work In Progress - - - - - -
 Opening balance Additions during the Period
DEFERRED TAX ASSET_Subsidiary 165,527,481

Opening balance Additions during the Period

Deferred tax Liability_Subsidiary
Recovered during the period Prior period adjustment At End Of the Period
- 165,527,481.29

Recovered during the period Prior period adjustment At End Of the Period
-
 Opening Balance Tax Paid During the Period
Current income tax liability_Subsidiary 2,791,147,662
Tax Charge For the Period At End of the Period
856,754,321 3,647,901,982
 Opening Balance
Less specific allowances for impairment
WriteOff Takeback of impairment Increase Impairment
At End of the Period
-
 Opening Balance AstHldSale
Borrowing
ProNwBorrowings FinCost RepOfBorrowings
Oladapo A Olapoju:
This should align with the
breakdown of your
borrowings in the FS Data
Sheet
IntPaid ExchDiff At End of the Period
-
FIRST PENSION CUSTODIAN NIGERIA LIMITED
UNAUDITED IFRS INCOME STATEMENT
FOR THE PERIOD ENDED: 30TH APRIL, 2022 CURRENT YTD PRIOR YTD
2022 2021
Notes
Gross Earnings 3,876,289,239### 3,358,458,492

Interest income 23 635,616,766 436,963,254

Interest expense 24 - -
Net interest income 635,616,766 436,963,254

Impairment charge for credit losses 25 - -

Net interest income after impairment charge for credit losses 635,616,766 436,963,254

Fee and commission income 26 3,213,446,034 2,861,696,873

Fee and commission expense 27 (102,811,351) (100,791,812)
Net gains / (losses) on investment securities 28 - -
Net gains / (losses) from financial assets classified as held for trading 29 - -
Other operating income 30 27,226,440 59,798,365
Other Operating Expenses 31 (1,096,120,636) (974,251,808)

Operating Profit 2,677,357,252 2,283,414,872

Share of profit / (loss) of associates 32 -- --
Profit before tax 2,677,357,252
-
2,283,414,872
-
Income tax expense (856,754,321) (1,791,595,278)

Profit after tax 1,820,602,931 491,819,594

Profit for the period from continued operations 1,820,602,931 491,819,594

Profit for the period from assets held for sale - -
PROFIT FOR THE PERIOD 1,820,602,931 491,819,594
Profit attributable to:
Owners of the parent 1,820,602,931
### 491,819,594
Non-controlling interests -- --
1,820,602,931
### 491,819,594
UNAUDITED IFRS STATEMENT OF COMPREHENSIVE INCOME

Other comprehensive income:

Exchange difference on translation of foreign operations - -
Net gains on available-for-sale financial assets:
- Unrealised net gains/(losses) arising during the period, before tax - -
- Net reclassification adjustment for realised net gains or losses, before tax - -
Actuarial gains/(losses) on defined benefit pension scheme - -
Expected return on Plan assets - -
Income tax relating to components of other comprehensive income - -

Other comprehensive income for the quarter, net of tax - -

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 1,820,602,931 491,819,594

FIRST PENSION CUSTODIAN NIGERIA LIMITED
UNAUDITED IFRS CONSOLIDATED STATEMENT OF FINANCIAL POSITION

FOR THE PERIOD ENDED: 30TH APRIL, 2022 CURRENT YTD PRIOR YTD
2,022 2,021
Notes N' million
ASSETS

Cash and balances with central banks 1 - -

Loans and advances to banks 2 3,071,036,372 3,934,589,240
Loans and advances to customers 3 39,423,820 43,806,732
Financial assests held for trading 4 - -
Investment securities
- Available for sale 5a - -
- Held to maturity 5b 13,030,326,323 14,147,746,232
Asset pledged as collateral 6 - -
Investments in Subsidiaries 7 - -
Investments in associates accounted for using the equity method 8 - -
Property, plant and equipment 9 4,772,352,796 4,151,481,897
Intangible assets 10 103,840,245 186,818,885
Deferred tax asset 11 165,527,481 109,762,228
Other assets 12 1,530,224,354 1,265,750,179
Total assets 22,712,731,392 23,839,955,393

LIABILITIES

Deposits from banks 14 - -

Deposits from customers 15 - -
Financial liabilities held for trading 16 - -
Borrowings 17 - -
Retirement benefit obligations 18 - 14,455,932
Current income tax liability 19 3,647,901,982 3,120,038,436
Deferred income tax liability 20 - -
Other liabilities 21 3,909,135,841 3,265,338,220
Total liabilities 7,557,037,823 6,399,832,588

EQUITY
Share capital 2,000,000,000 2,000,000,000
Share premium - -
Retained earnings 13,155,693,569 15,440,122,805
Other reserves
-Statutory reserve -
-SSI Reserve -
-AFS Fair Value Reserve -
-Statutory credit reserve -
-Foreign currency translation reserve -
-Revaluation reserve -
15,155,693,569 17,440,122,805

Non-controlling interest (NCI) - -

Total equity 15,155,693,569 17,440,122,805

Total equity and liabilities 22,712,731,392

### 23,839,955,393
FIRST PENSION CUSTODIAN NIGERIA LIMITED
IFRS NOTES TO THE ACCOUNT
FOR THE PERIOD ENDED: 30TH APRIL, 2022
NOTE
CURRENT YTD PRIOR YTD
2022 2021

Interest and similar income 23

Placements - -
Treasury bills and investment securities 633,426,759 433,265,300
Loans and advances 2,190,006 3,697,954
Total Interest and similar income 635,616,766 436,963,254

Interest and similar expense 24

Current accounts
Savings accounts -
Time deposits
Domiciliary deposits -
Inter-bank takings -
Borrowed funds
Lease Liability -
Total Interest and similar expense - -

Impairment 25
Impairment Stage 1 -
Impairment Stage 2 -
Impairment Stage 3 -
Bad Debt Written Off -
Net recoveries on loans previously written off -
(Increase)/ decrease in impairment in investment -
Increase/ (decrease) in impairment in Loan & Advances to Banks -
Increase/ (decrease) in impairment in other assets -
Increase/ (decrease) in impairment in off balance sheet - -
Impairment charge for credit losses - -

Fee and commission income 26

Credit related fees -
Commission on turnover -
Letters of credit commissions and fees -
Funds transfer & Intermediation fees -
Commission on Bonds and Guarantees -
Money transfer commission -
Electronic Banking Fees -
Account Maintenace Fees -
Commission on Collection -
Custodian Fees 3,213,446,034 2,861,696,873
Other fees and commissions -
Total Fee and commission income 3,213,446,034 2,861,696,873
Fee and Commission expense 27
Fee and Commission expense (102,811,351) (100,791,812)

Net gains/(losses) on investment securities 28

Equity securities - -
Debt securities - -
Impairment of available for sale financial assets - -
Total (Loss)/Profit on sale of investments - -

Net gains / (losses) from financial instruments held for tradi 29

Fair value gain/ (loss) - -
Derivatives - -
Trading income on Debt securities - Bonds & T.Bills - -
Total Fair value gains/(losses) - -
Other operating income: 30
Foreign exchange income - -
Dividend income - -
Other income 27,226,440 59,798,365
Total Other Operating Income 27,226,440 59,798,365

Operating Expenses 31
(Profit)/ Loss on sale of property, plant and equipment - -
Depreciation 87,453,741 95,108,748
Amortization 31,312,342 8,850,748
Personnel expenses 257,955,264 276,060,925
Directors remuneration 114,234,954 159,774,105
Auditors renumeration 6,875,000 6,666,667
Deposit Insurance premium - -
Advert & Corporate Promotions 64,198,301 10,408,748
Legal and other professional fees 19,433,333 19,885,000
Rent and rates 18,266,467 18,000,067
Regulatory costs - -
Other Operating expenses 496,391,235 379,496,802
Total Other Operating Expenses 1,096,120,636 974,251,808

Investment in associates 32
Associates' result (PBT) - -
FIRST PENSION CUSTODIAN NIGERIA LIMITED
NOTES TO THE ACCOUNT
FOR THE PERIOD ENDED: 30TH APRIL, 2022
NOTE
CURRENT YTD PRIOR YTD
2022 2021

NOTES TO THE ACCOUNT

Cash at Bank and in hand 1

Cash -
Operating account -
Mandatory reserve deposit -
Total Cash at Bank and in Hand - -

Loans and advances to banks 2

Current balances with banks within Nigeria 71,036,372 34,589,240
Current balances with banks outside Nigeria - -
Placements with banks and discount houses 3,000,000,000 3,900,000,000
Total Loans and advances to banks 3,071,036,372 3,934,589,240

Loans and advances to customers 3

Overdrafts - -
Term loans - -
Staff loans 39,423,820 43,806,732
Commercial papers ('CP') - -
Project finance - -
Advances under finance leases - -
Less:
Loan loss provision - Stage 1 - -
Loan loss provision - Stage 2 - -
Loan loss provision - Stage 3 - -
Total Loans and advances 39,423,820 43,806,732

Loan Profile
Performing loans 39,423,820 43,806,732
Non-Performing loans - -
39,423,820 43,806,732

Fair Value through Profit & Loss 4

Treasury bills - -
Bonds - -
Derivatives - -
Total FVTPL - -

Investment securities
Fair Value through OCI 5a
Treasury bills - -
Bonds - -
Listed Equities - -
Unlisted Equities - -
Total FVOCI - -

Amortised Cost 5b
Treasury bills - 115,000,000
Bonds 13,030,326,323 14,032,746,232
Total Amortised Cost 13,030,326,323 14,147,746,232

Asset pledged as collateral 6

Treasury Bills -
Bonds -
Equity -
Total pledged assets - -

Investments in Subsidiaries 7
FBN Bank - -
Others - -
Total Investments in Subsidiaries - -

Investments in Associates 8
Opening balance -
Share of profit/(loss) - -
Dividend received - -
Total Investments in Associates - -

Property, plant and equipment 9

Cost/ Fair value 5,895,649,913 5,030,926,836
Accumulated depreciation (1,123,297,117) (879,444,939)
Net Book value 4,772,352,796 4,151,481,897

Intangible assets 10
Acquisition cost 519,740,308 502,391,529
Accumulated amortisation (415,900,063) (315,572,644)
Closing net book amount 103,840,245 186,818,885

Deferred tax asset 11

Deferred tax asset 165,527,481 109,762,228
165,527,481 109,762,228

Other assets 12
Prepayments 96,001,550 102,127,339
Accounts receivable 974,635,963 756,589,866
Deferred expenses 41,307,780 112,625,709
Fraud - -
Premium debTors And receivable From underwriters - -
Inventory - -
Other receivables 418,279,061 294,407,265
Provision for other asset - -
Total Other assets 1,530,224,354 1,265,750,179

Deposits from Banks 14

Due to banks in Nigeria -
Due to banks outside Nigeria -
Total Deposits from Banks - -

Deposits from customers 15

Current deposits -
Savings deposits -
Term deposits -
Domiciliary deposit -
Electronic purse -
Total Customer Deposit - -

Financial liabilities held for trading 16

Negative fair value of derivatives held for trading - -

Total Financial liabilities held for trading - -

Borrowings 17
Borrowings within Nigeria - -
Borrowings from banks outside Nigeria - -
- -

Retirement benefit obligation 18

Gratuity Scheme - 14,455,932
Pension Scheme - -
- 14,455,932

Tax Liability
Current income tax liability 19 3,647,901,982 3,120,038,436
3,647,901,982 3,120,038,436

Deferred tax liability 20

Deferred tax liability - -
- -

Other liabilities 21
Customers' deposit for letters of credit - -
Accounts payable 72,667,363 2,272,768,855
Provision and accruals 1,508,070,260 943,620,190
Bank cheques - -
Collection on behalf of third parties - -
Sundry creditors - 48,900,970
Deferred revenue 68,398,218 48,205
DePosit For Foreign currency - -
OTher Payables 2,260,000,000 -
Fraud And losses - -
Client deposit - -
Lease Liability - -
Statutory costs - -
3,909,135,841 3,265,338,220
FIRST PENSION CUSTODIAN NIGERIA LIMITED
STATEMENT OF CHANGES IN EQUITY Attributable to equity holders
of the parent
Share Share Retained Statutory SSI AFS Fair value Statutory credit
capital premium earnings reserve reserve reserve reserve Total

Balance at 1 January 2021 2,000,000,000 12,094,174,383 14,094,174,383

Profit for the period - - - - - - - -
Other comprehensive income - 3,762,913,966 - - 3,762,913,966
Foreign currency translation differences,net of tax - - - - - - - -
Fair value movements on financial assets - - - - - - - -
Actuarial gains/(losses) on defined benefit pension scheme - - - 21,994,712 - - - - 21,994,712
Expected return on plan assets - - - - - - -
Income tax relating to components of other comprehensive income - - - - - - - -
Total comprehensive income - - 3,740,919,254 - - - - 3,740,919,254
Transactions with owners
Loan Loss provision written off - - - - - - - -
Transfer from retained earnings - - - - - - - -
Dividends - 2,240,003,000 - 2,240,003,000
Tranfer between reserves -
Transfer resulting from Business Restructuring (Additional Capital) -
Total transactions with Owners - - - 2,240,003,000 - - - - - 2,240,003,000
At 31st December, 2021 2,000,000,000 - 13,595,090,638 - - - - 15,595,090,638
- - - -

Balance at 1 January 2022 2,000,000,000 13,595,090,638 15,595,090,638

Restatement - Impact of New Standard - - - - - - - -
Profit for the period - - 1,820,602,931 - - - - 1,820,602,931
Other comprehensive income - - - -
Foreign currency translation differences,net of tax - - - - - - - -
Fair value movements on financial assets - - - - - - - -
Actuarial gains/(losses) on defined benefit pension scheme - - - - - -
Expected return on plan assets - - - - - - - -
Income tax relating to components of other comprehensive income - - - - - - -
Total comprehensive income - - 1,820,602,931 - - - - 1,820,602,931
Transactions with owners
Loan Loss provision written off - - - - - - - -
Transfer from retained earnings - - - - - - - -
Dividends / Other Statutory Payment - - - 2,260,000,000 - - - - (2,260,000,000)
Tranfer between reserves - - - - -
Transfer resulting from Business Restructuring - - - - - - -
Total transactions with Owners - - (2,260,000,000) - - - - (2,260,000,000)
At 30th April, 2022 2,000,000,000 - 13,155,693,569 - - - - 15,155,693,569
[Check] 2,000,000,000 - 13,155,693,569 - - - - 15,155,693,569
Difference 0 0 0 0 0 0 0 0
FIRST PENSION CUSTODIAN NIGERIA LIMITED

STATEMENT OF CASH FLOWS

Note 30TH APRIL

2022

Operating activities
Cash flow (used in)/generated from operations 1,723,771,445
Income taxes paid
Interest received 638,942,822
Interest paid -
Purchase of investment securities (1,189,060,063)
Proceeds from the sale of investment securities -

Net cash flow generated from operating activities 1,173,654,203

Investing activities
Additional investment in subsidiaries
Dividends received -
Purchase of property, plant and equipment
Purchase of intangible assets
Proceeds on disposal of property, plant and equipment

Net cash used in investing activities -

Financing activities
Dividend paid
Proceeds from new borrowings/Shares -
Repayment of borrowings -

Net cash (used in)/generated from financing activities -

Increase in cash and cash equivalents 1,173,654,203

Cash and cash equivalents at start of year 1,897,382,169

Effect of exchange rate fluctuations on cash held

Cash and cash equivalents at end of year 3,071,036,372

3,071,036,372
check (0)

16
Cash generated from operations

30TH APRIL
2022

Profit before tax 2,677,357,252

Adjustments for:
– Depreciation 87,453,741
-Amortisation 31,312,342
– (Profit)/loss from disposal of property and equipment -
– Foreign exchange losses / (gains) on operating activities -
– Profit/(loss) from disposal of subsidiaries -
– Profit/(loss) from disposal of investment securties -
– Net gains/(losses) from financial assets classified as held for trading -
– Impairment on loans and advances -
– Loans previously written off -
– Change in provision in other assets -
– Change in provision for impairment of investments
– Employee benefits provisions -
– Share of loss/(profit) from associates -
– Net interest income (638,942,822)
– Dividend income -

Increase/(decrease) in operating assets:

– Cash and balances with the Central Bank (restricted cash) -
– Inventories -
– Loans and advances to (long term placement) -
– Loans and advances to customers (1,173,676)
-Insurance receivables -
– Financial assets held for trading -
-Assets pledged as collateral -
– Other assets (578,013,932)
– Deferred tax asset -

Increase/(decrease) in operating liabilities:

– Deposits from banks -
– Deposits from customers -
– Financial liabilities held for trading -
– Other liabilities 145,778,540

Cash generated from operations 1,723,771,445

Cash and cash equivalents

Cash
Balances with central banks other than mandatory reserve deposits
Loans and advances to banks excluding long term placements 3,071,036,372
Treasury bills included in financial assets held for trading
Treasury bills and eligible bills excluding pledged treasury bills
3,071,036,372