ASSETS Cash on hand Statutory deposits with Central Banks Due from banks Treasury Bills Advances Investment securities Investment interest receivable Investment in associated companies Premises and equipment Right-of-use assets Intangible assets Pension assets Deferred tax assets Taxation recoverable Other assets Notes 2022 2021 1,404,561 2,529,876 7,508,221 7,045,773 9,178,784 12,425,341 8,400,605 4,934,664 56,829,415 55,515,628 5 19,953,780 19,259,501 203,693 205,204 6 62,603 55,961 7 3,255,758 3,218,670 8 (a) 398,405 477,858 9 1,143,560 1,171,222 10 (a) 1,200,717 1,415,216 11 (a) 316,556 246,214 49,290 72,817 12 1,071,755 594,950 TOTAL ASSETS 110,977,703 109,168,895 LIABILITIES AND EQUITY LIABILITIES Due to banks Customers' current, savings and deposit accounts 13 445,410 87,586,189 155,985 86,609,634 Other fund raising instruments 14 4,461,931 4,618,554 Debt securities in issue 15 1,674,719 1,865,895 Lease liabilities 8 (b) 420,088 482,867 Pension liability 10 (a) 40 25,356 Provision for post-retirement medical benefits 10 (a) 47,056 66,777 Taxation payable 272,205 157,343 Deferred tax liabilities 11 (b) 535,201 587,712 Accrued interest payable 94,440 86,451 Other liabilities 16 2,071,215 1,656,819 TOTAL LIABILITIES 97,608,494 96,313,393 CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at September 30, 2022. Expressed in Thousands of Trinidad and Tobago Dollars ($1000) Notes 2022 2021 > CONSOLIDATED STATEMENT OF INCOME For the Year Ending September 30, 2022. Expressed in Thousands of Trinidad and Tobago Dollars ($1000), Except where Otherwise stated Notes 2022 2021 EQUITY Stated capital Statutory reserves Other reserves Retained earnings Attributable to equity holders of the Parent 17 912,693 1,887,876 879,962 1,751,552 Interest income Interest expense 18 (507,408) 9,946,081 (337,569) 9,438,206 Net interest income Other income 19 (a) 19 (b) 4,765,009 (626,922) 4.643,764 (673,668) 19 (c) 4,138,087 1,965,781 3,970,096 1,832.426 Non-controlling interests TOTAL EQUITY 12,239,242 1,129,967 11,732,151 1,123,351 Operating expenses 19 (d) Share of profit of associated companies 6 6,103,868 (3,555,301) 6,745 5,802,522 (3,514,061) 4,123 13,369,209 12,855,502 Operating profit TOTAL LIABILITIES AND EQUITY 110,977,703 109,168,895 Credit loss expense on financial assets 20 2,555,312 (220,215) 2,292,584 (347,985) The accompanying notes form an integral part of these consolidated financial statements. These consolidated financial statements were approved by the Board of Directors on November 4, 2022, and signed on its behalf by bethjud Net profit before taxation Taxation expense Net profit after taxation Attributable to: Equity holders of the Parent Non-controlling interests 21 2,335,097 (651,211) 1,944,599 (499,878) 1,683,886 1,444,721 1,525,894 157,992 1,308,054 136.667 Vincent A. Pereira Chairman Nigel M. Baptiste Peter R. Inglefield Kimberly G. Erriah-All President and Director Corporate Secretary Chief Executive Officer Earnings per share (expressed in $ per share) Basic Diluted Weighted average number of shares ('000) Basic Diluted 1,683,886 1,444,721 9.37 9.33 8.05 8.02 17 162,928 162 528 17 163,490 163,080 The accompanying notes form an integral part of these consolidated financial statements.

ASSETS Cash on hand Statutory deposits with Central Banks Due from banks Treasury Bills Advances Investment securities Investment interest receivable Investment in associated companies Premises and equipment Right-of-use assets Intangible assets Pension assets Deferred tax assets Taxation recoverable Other assets Notes 2022 2021 1,404,561 2,529,876 7,508,221 7,045,773 9,178,784 12,425,341 8,400,605 4,934,664 56,829,415 55,515,628 5 19,953,780 19,259,501 203,693 205,204 6 62,603 55,961 7 3,255,758 3,218,670 8 (a) 398,405 477,858 9 1,143,560 1,171,222 10 (a) 1,200,717 1,415,216 11 (a) 316,556 246,214 49,290 72,817 12 1,071,755 594,950 TOTAL ASSETS 110,977,703 109,168,895 LIABILITIES AND EQUITY LIABILITIES Due to banks Customers' current, savings and deposit accounts 13 445,410 87,586,189 155,985 86,609,634 Other fund raising instruments 14 4,461,931 4,618,554 Debt securities in issue 15 1,674,719 1,865,895 Lease liabilities 8 (b) 420,088 482,867 Pension liability 10 (a) 40 25,356 Provision for post-retirement medical benefits 10 (a) 47,056 66,777 Taxation payable 272,205 157,343 Deferred tax liabilities 11 (b) 535,201 587,712 Accrued interest payable 94,440 86,451 Other liabilities 16 2,071,215 1,656,819 TOTAL LIABILITIES 97,608,494 96,313,393 CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at September 30, 2022. Expressed in Thousands of Trinidad and Tobago Dollars ($1000) Notes 2022 2021 > CONSOLIDATED STATEMENT OF INCOME For the Year Ending September 30, 2022. Expressed in Thousands of Trinidad and Tobago Dollars ($1000), Except where Otherwise stated Notes 2022 2021 EQUITY Stated capital Statutory reserves Other reserves Retained earnings Attributable to equity holders of the Parent 17 912,693 1,887,876 879,962 1,751,552 Interest income Interest expense 18 (507,408) 9,946,081 (337,569) 9,438,206 Net interest income Other income 19 (a) 19 (b) 4,765,009 (626,922) 4.643,764 (673,668) 19 (c) 4,138,087 1,965,781 3,970,096 1,832.426 Non-controlling interests TOTAL EQUITY 12,239,242 1,129,967 11,732,151 1,123,351 Operating expenses 19 (d) Share of profit of associated companies 6 6,103,868 (3,555,301) 6,745 5,802,522 (3,514,061) 4,123 13,369,209 12,855,502 Operating profit TOTAL LIABILITIES AND EQUITY 110,977,703 109,168,895 Credit loss expense on financial assets 20 2,555,312 (220,215) 2,292,584 (347,985) The accompanying notes form an integral part of these consolidated financial statements. These consolidated financial statements were approved by the Board of Directors on November 4, 2022, and signed on its behalf by bethjud Net profit before taxation Taxation expense Net profit after taxation Attributable to: Equity holders of the Parent Non-controlling interests 21 2,335,097 (651,211) 1,944,599 (499,878) 1,683,886 1,444,721 1,525,894 157,992 1,308,054 136.667 Vincent A. Pereira Chairman Nigel M. Baptiste Peter R. Inglefield Kimberly G. Erriah-All President and Director Corporate Secretary Chief Executive Officer Earnings per share (expressed in $ per share) Basic Diluted Weighted average number of shares ('000) Basic Diluted 1,683,886 1,444,721 9.37 9.33 8.05 8.02 17 162,928 162 528 17 163,490 163,080 The accompanying notes form an integral part of these consolidated financial statements.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter10: Long-term Liabilities

Section: Chapter Questions

Problem 10.10E

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