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    Excel Bank Income Statement: Particulars YEAR-1 YEAR-2

    Uploaded by

    Munir Khan
    The income statement shows Excel Bank's revenues and expenses for years 1-3. Net interest income increased each year from £3,500,000 to £4,550,000 as interest income grew from £5,500,000 to £7,150,000 faster than interest expenses. Profits after tax also increased each year from £797,000 to £1,035,000 as revenues grew and expenses were managed.

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    Excel Bank Income Statement: Particulars YEAR-1 YEAR-2

    Uploaded by

    Munir Khan
    25 views6 pages
    The income statement shows Excel Bank's revenues and expenses for years 1-3. Net interest income increased each year from £3,500,000 to £4,550,000 as interest income grew from £5,500,000 to £7,150,000 faster than interest expenses. Profits after tax also increased each year from £797,000 to £1,035,000 as revenues grew and expenses were managed.

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    Financial Statements

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    The income statement shows Excel Bank's revenues and expenses for years 1-3. Net interest income increased each year from £3,500,000 to £4,550,000 as interest income grew from £5,500,000 to £7,150,000 faster than interest expenses. Profits after tax also increased each year from £797,000 to £1,035,000 as revenues grew and expenses were managed.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    25 views6 pages

    Excel Bank Income Statement: Particulars YEAR-1 YEAR-2

    Uploaded by

    Munir Khan
    The income statement shows Excel Bank's revenues and expenses for years 1-3. Net interest income increased each year from £3,500,000 to £4,550,000 as interest income grew from £5,500,000 to £7,150,000 faster than interest expenses. Profits after tax also increased each year from £797,000 to £1,035,000 as revenues grew and expenses were managed.

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    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
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    EXCEL BANK

    INCOME STATEMENT

    YEAR-1 YEAR-2
    PARTICULARS
    £ '000' 1.2 £ '000'
    Intrest Income 5,500 6,600
    Intrest Expense 2,000 2,400
    Net Intrest Income 3,500 4,200
    Fee Income 550 660
    Fee Expense 125 150
    Net Fee Income 425 510
    Gross Income 3,925 4,710
    Impairment Losses 215 258
    Operating Expenses 2,825 3,390
    Total Expenses 3,040 3,648
    Operating Profit 885 1,062
    Income Tax 89 106
    Profit Afer Tax 797 956
    Dividend 400 480
    Transfer To Retained Earnings 397 476
    EXCEL BANK

    BALANCE SHEET

    YEAR-3
    ASSETS
    1.3 £ '000'
    7,150 Cash & Balances
    2,600 Loans & Advances to Clients
    4,550 Fixed Assets
    715 Total Assets
    163
    553 LIABILITIES
    5,103 Deposits from Banks
    280 National Bank Loan
    3,673 Client Deposits
    3,952 Creditors
    1,151 Current Income Tax Liability
    115 Total Liabilities
    1,035
    520 CAPITAL
    515 Share Capital
    Retained Earnings
    Dividend
    Tolal Capital
    EXCEL BANK

    BALANCE SHEET
    1.2 1.3
    YEAR-1 YEAR-2 YEAR-3
    £ '000' £ '000' £ '000'
    7,000 8,400 9,100
    32,000 38,400 41,600
    2,000 2,400 2,600
    41,000 49,200 53,300

    11,500 13,800 14,950


    50 60 65
    25,000 30,000 32,500
    565 678 735
    89 106 115
    37,204 44,644 48,365

    3,000 3,600 3,900


    397 476 515
    400 480 520
    3,797 4,556 4,935

    0 0 0
    EXCEL BANK

    BALANCE SHEET
    1.2
    YEAR-1 YEAR-2
    ASSETS
    £ '000' £ '000'

    Cash & Balances 7,000 8,400


    Loans & Advances to
    Clients 32,000 38,400
    Fixed Assets 2,000 2,400
    Total Assets 41,000 49,200

    LIABILITIES
    Deposits from Banks 11,500 13,800
    National Bank Loan 50 60
    Client Deposits 25,000 30,000
    Creditors 565 678
    Current Income Tax
    Liability #REF! #REF!
    Total Liabilities 37,115 44,538

    CAPITAL
    Share Capital 3,000 3,600
    Retained Earnings #REF! #REF!
    Dividend #REF! #REF!
    Tolal Capital 3,000 3,600

    885 1062
    1.3
    YEAR-3
    £ '000'

    9,100

    41,600
    2,600
    53,300

    14,950
    65
    32,500
    735

    #REF!
    48,250

    3,900
    #REF!
    #REF!
    3,900

    1150.5
    EXCEL BANK

    INCOME STATEMENT

    YEAR-1 YEAR-2 YEAR-3


    PARTICULARS
    £ '000' 1.2 £ '000' 1.3 £ '000'

    Intrest Income 5,500 6,600 7,150


    Intrest Expense 2,000 2,400 2,600
    Net Intrest Income 3,500 4,200 4,550
    Fee Income 550 660 715
    Fee Expense 125 150 163
    Net Fee Income 425 510 553
    Gross Income 3,925 4,710 5,103
    Impairment Losses 215 258 280
    Operating Expense 2,825 3,390 3,673
    Total Expenses 3,040 3,648 3,952
    Operating Profit 885 1,062 1,151
    Income Tax 89 106 115
    Profit Afer Tax 797 956 1,035
    Dividend 400 480 520
    Transfer To Retained Earnings 397 476 515

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