RECORDS TO YOUR RECORDS FOR THE ENDED JUNE 30, 2003
3 year. MONEY AND BANK BALANCES 3.1. RETURN ON THESE SAVINGS RECORDS IS ATTAINED AT RATES INCLUDING 2 percent TO 5 percent
4. SHORT-TERM LOANS 4.1. These express loans to clients for a time period of as much as a year on mark-up basis and tend to be secured by means of lien on Certificates of Investment. The price of mark-up ranges from 14% to 21.5percent per year.

4.2. Included in these are cash market placements with different banking institutions as well as other banking institutions. Return on these placements ranges from 5% to 13per cent.
5. ASSETS throughout the year that is current the business sold four federal government securities for Rs 182.288 million. The amortised price of these federal federal government securities ended up being Rs 159.394 million in addition to revenue in the disposal of those securities amounted to Rs 22.894 million.

The administration chose to offer these securities so that you can realise the gain arising on these securities underneath the reduced rate of interest environment.

As at June 30, 2003 the staying investment associated with business in federal government securities amounted to Rs 52.634 million.

This investment has now been reclassified as ‘held for trading’ and it is calculated at reasonable value. An increase of Rs 12.946 million is credited to your revenue and loss account in respect with this investment. Fortsätt läsa →