CONDENSED STATEMENT OF FINANCIAL CONDENSED STATEMENT OF CASH FLOW STATEMENT

POSITION AS AT 31 MARCH, 2021 FOR THE QUARTER ENDED 31 MARCH, 2021

GROUP BANK GROUP BANK GROUP BANK

Current Quarter Previous Quarter Current Quarter Previous Quarter Current Previous Current Previous Current Year Previous Year Current Year Previous Year
31 03.2021 31 12.2020 31 03.2021 31 12.2020 Quarter Quarter Quarter Quarter Cummulative Cummulative Cummulative Cummulative
A. ASSETS 31.03.2021 31.12.2020 31.03.2021 31.12.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 Cash 470,009 661,689 470,009 661,689
2 Balances with Bank of Tanzania 529,551 385,799 529,551 385,799
I: Cash flow from Op-
3 Investments in Government securities 1,207,987 1,304,253 1,207,987 1,304,253 erating activities:
4 Balances with other banks and financial institutions 142,592 130,925 142,592 130,925 Net income(loss) 93,693 85,687 92,990 87,833 93,693 70,892 92,990 69,601
5 Cheques and items for clearing 3,956 1,449 3,956 1,449 Adjustment for:
6 Inter branch float items 2,384 - 2,384 - - Impairment/amor-
9,869 10,309 9,377 9,816 9,869 10,668 9,377 10,176
7 Bills negotiated - - - - tization
8 Customers' liabitities for acceptances - - - - - Net change in loans
(67,773) (150,569) (67,702) (148,843) (67,773) (114,124) (67,702) (112,803)
9 Interbank loans receivables 46,514 39,904 46,514 39,904 and advances
10 Investments in other securities - - - - - Gain/loss on sale of
- - - - - - - -
assets
11 Loans, advances and overdrafts - - Net change in
(173,379) 159,753 (169,795) 158,265 (173,379) (97,250) (169,795) (98,682)
(net of allowances for probable losses) 4,130,048 4,108,789 4,130,448 4,109,260 deposits
12 Other assets 200,389 206,893 274,379 280,336 - Net change in short
13 Equity investments 2,920 2,920 2,920 2,920 term negotiable - - - - - - - -
securities
14 Underwriting accounts - - - -
- Net change in other
15 Property, Plant and equipment 207,893 215,715 174,232 181,562 (36,762) 23,672 (38,675) (63,874) (36,762) (3,254) (38,675) (8,138)
liabilities
16 TOTAL ASSETS 6,944,243 7,058,336 6,984,972 7,098,097 - Net change in other
3,728 16,478 3,181 102,133 3,728 25,951 3,181 32,729
assets
B LIABILITIES - Tax paid (26,436) (35,006) (26,436) (35,006) (26,436) (19,021) (26,436) (19,021)
17 Deposits from other banks and financial institutions 57,131 131,224 57,131 131,224 - Others 9,296 10,472 9,296 10,472 9,296 12,630 9,296 12,630
18 Customer deposits 5,188,989 5,247,973 5,192,578 5,247,978 Net cash provided
19 Cash letters of credit 30,874 36,645 30,874 36,645 (used) by operating (187,764) 120,796 (187,764) 120,796 (187,764) (113,508) (187,764) (113,508)
20 Special Deposits 6,301 40,833 6,301 40,833 activities
21 Payment orders/transfers payable - - - -
22 Bankers' cheques and drafts issued 2,121 2,118 2,121 2,118 II. Cash flow from In-
23 Accrued taxes and expenses payable 57,879 36,682 57,723 36,683 vesting activities:
24 Acceptances outstanding - - - - Dividends received - - - - - - - -
25 Inter branch float items - - - - Purchase of fixed
(3,919) (8,272) (3,919) (8,272) (3,919) (4,361) (3,919) (4,361)
assets
26 Unearned income and other deferred charges 37,470 36,831 37,470 36,831
Proceeds from sale of
27 Other liablities 64,660 71,146 103,870 112,112 - - - - - - - -
fixed assets
28 Borrowings 302,620 323,740 302,620 323,740 Purchase of non-deal-
- - - - - - - -
29 TOTAL LIABILITIES 5,748,045 5,927,191 5,790,688 5,968,163 ing securities
Proceeds from sale
30 NET ASSETS /(LIABILITIES) 1,196,198 1,131,145 1,194,284 1,129,934 of non-dealing - - - - - - - -
securities
Others-(Equity invest-
C. SHAREHOLDERS' FUNDS 95,934 (121,915) 95,934 (121,915) 95,934 (168,983) 95,934 (168,983)
ment and Securities)
31 Paid up share capital 20,000 20,000 20,000 20,000
Net cash provided
32 Capital reserves - - - (used) by investing 92,015 (130,187) 92,015 (130,187) 92,015 (173,344) 92,015 (173,344)
activities
33 Retained earnings 1,106,441 896,141 1,109,142 903,340
34 Profit(Loss) account 65,387 210,300 64,684 205,802
III: Cash Flow from Fi-
35 Other capital accounts 458 792 458 792
nancing activities:
36 Minority interest 3,912 3,912 - -
Repayment of long-
37 TOTAL SHAREHOLDERS' FUNDS 1,196,198 1,131,145 1,194,284 1,129,934 - - - - - - - -
term debt
Proceeds from
38 Contingent liabilities 654,587 624,881 654,587 624,881 issuance of long term - - - - - - - -
debt
39 Non performing loans & advances 216,506 231,287 216,506 231,287
Proceeds from issu-
40 Allowances for probable losses 209,527 204,809 209,527 204,809 - - - - - - - -
ance of share capital
41 Other non performing assets 9,058 10,055 9,058 10,055
Payment of cash
- - - - - - - -
dividends
D SELECTED FINANCIAL CONDITION INDICATORS Net change in other
(21,120) (22,225) (21,120) (22,225) (21,120) (26,274) (21,120) (26,274)
(i) Shareholders Funds to total assets 17% 16% 17% 16% borrowings
(ii) Non performing loans to total gross loans 5% 5% 5% 5% Others (Specify) - - - - - - - -
(iii) Gross loans and advances to total deposits 82% 78% 82% 78% Net cash provid-
(iv) Loans and advances to total assets 59% 58% 59% 58% ed(used) by financ- (21,120) (22,225) (21,120) (22,225) (21,120) (26,274) (21,120) (26,274)
ing activities
(v) Earnings assets to total Assets 79% 79% 79% 79%
(vi) Deposits growth -3% 3% -3% 3%
IV: Cash and Cash
(vii) Assets growth -2% 2% -2% 1% equivalents:
Net increase/(de-
crease) in cash and (116,869) (31,616) (116,869) (31,616) (116,869) (313,126) (116,869) (313,126)
CONDENSED STATEMENT OF PROFIT OR LOSS AND OTHER cash equivalents
COMPREHENSIVE INCOME PERIOD ENDED 31 MARCH, 2021 Cash and cash
equivalents at the 907,029 938,645 907,029 938,645 907,029 1,213,370 907,029 1,213,370
beginning of the year
GROUP BANK GROUP BANK
Cash and cash
Current Comperative Current Comperative Current Year Comparative Year Current Year Comparative year equivalents at the 790,160 907,029 790,160 907,029 790,160 900,244 790,160 900,244
Quarter Quarter Quarter Quarter Cummulative Cummulative Cummulative Cummulatilave end of the year
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 Interest income 190,769 166,022 190,769 166,153 190,769 166,022 190,769 166,153 CONDENSED GROUP STATEMENT OF CHANGES IN EQUITY
2 Interest expense (32,859) (32,597) (32,859) (32,597) (32,859) (32,597) (32,859) (32,597)
AS AT 31 MARCH 2021
3 Net interest income 157,910 133,425 157,910 133,556 157,910 133,425 157,910 133,556
(1minus2)
4 Bad debts written off - - - - - - - -
General
5 Impairment Losses on Loans (22,870) (21,847) (22,870) (21,847) (22,870) (21,847) (22,870) (21,847) Share Retained Regulatory Others (Fair
Share Capital Provision Total
and Advances Premium Earnings Reserve Valuation)
Reserve
6 Non interest income: 65,687 59,773 65,687 59,773 65,687 59,773 65,687 59,773 Current Year
6.1 Foreign currency Balance as at the beginning of
dealings and translation 20,000 - 1,106,441 - - 4,704 1,131,145
the year
gain/(loss) 5,574 5,817 5,574 5,817 5,574 5,817 5,574 5,817
Profit for the year - - 65,387 - - - 65,387
6.2 Fee and commisions 55,821 50,171 55,821 50,171 55,821 50,171 55,821 50,171
6.3 Dividend income - - - - - - - - Other Comprehensive Income - - - - - (334) (334)
6.4 Other operating income 4,292 3,785 4,292 3,785 4,292 3,785 4,292 3,785 Transactions with owners - - - - - - -
7 Non interest expense: (107,034) (100,458) (107,737) (101,881) (107,034) (100,458) (107,737) (101,881) Dividends Paid - - - - - - -
7.1 Salaries and benefits (56,463) (50,517) (56,463) (50,517) (56,463) (50,517) (56,463) (50,517) Regulatory Reserve - - - - - - -
7.2 Fees and commissions (3,548) (2,479) (3,548) (2,479) (3,548) (2,479) (3,548) (2,479) General Provision Reserve - - - - - - -
7.3 Other operating (47,023) (47,462) (47,726) (48,885) (47,023) (47,462) (47,726) (48,885) Others - - - - - - -
expenses Balance as at the end of the 20,000 - 1,171,828 - - 4,370 1,196,198
current period
8 Operating income/(loss) 93,693 70,892 92,990 69,601 93,693 70,892 92,990 69,601
9 Income tax expense (28,306) (20,880) (28,306) (20,880) (28,306) (20,880) (28,306) (20,880) Previous Year
10 Net income(loss)after 65,387 50,012 64,684 48,721 65,387 50,012 64,684 48,721 Balance as at the beginning of
20,000 - 944,472 - - 4,630 969,102
income tax the Year
11 Other comprehensive Profit for the year - - 50,012 - - - 50,012
income, net of tax Other Comprehensive Income - - - - - 23 23
Fair value gain/ (loss) on (334) 23 (334) 23 (334) 23 (334) 23 Transactions with owners - - - - - - -
FVOCI – net of tax
Dividends Paid - - - - - - -
Total comprehensive 65,053 50,035 64,350 48,744 65,053 50,035 64,350 48,744
income for the year Regulatory Reserve - - - - - - -
12 Number of employees 3,474 3,450 3,474 3,450 3,474 3,450 3,474 3,450 General Provision Reserve - - - - - - -
Others - - - - - - -
13 Basic earnings per share 131 100 129 97 131 100 129 97
Balance as at the end of the 20,000 - 994,484 - - 4,653 1,019,137
14 Diluted earnings per share 131 100 129 97 131 100 129 97 Previous period
15 Number of branches 226 226 226 226 226 226 226 226
SELECTED CONDENSED BANK’S STATEMENT IN EQUITY
PERFORMANCE
INDICATORS AS AT 31 MARCH 2021
Return on average total
(i) 4% 3% 4% 3% 4% 3% 4% 3%
assets
Return on average share- General
Share Retained Regulatory Others (Fair
(ii) 22% 20% 22% 19% 22% 20% 22% 19% Share Capital Provision Total
holders funds Premium Earnings Reserve Valuation)
Reserve
Non interest expense to Current Year
(iii) 48% 52% 48% 53% 48% 52% 48% 53%
gross income
Balance as at the beginning of
(iv) Net interest income to 11% 11% 11% 11% 11% 11% 11% 11% 20,000 - 1,109,142 - - 792 1,129,934
the year
average earning assets
Profit for the year - - 64,684 - - - 64,684
Other Comprehensive Income - - - - - (334) (334)
Transactions with owners - - - - - - -
Dividends Paid - - - - - - -
Regulatory Reserve - - - - - - -
Name and Title Signature Date
General Provision Reserve - - - - - - -
Ruth Zaipuna April 21, 2021
Chief Executive Officer Others - - - - - - -
Balance as at the end of the 20,000 - 1,173,826 - - 458 1,194,284
current period
Juma Kimori April 21, 2021
Chief Financial Officer
Previous Year
Benedicto Baragomwa April 21, 2021 Balance as at the beginning of
20,000 - 951,340 - - 1,049 972,389
Ag. Chief Internal Auditor the Year
We, the undersigned directors, attest to the faithful representation of the above statements. We declare that the statements have been examined by us and, to the best of our Profit for the year - - 48,721 - - - 48,721
knowledge and belief, have been prepared in conformance with International Financial Reporting Standards and the requirements of the Banking and Financial Institutions Act, 2006 Other Comprehensive Income - - - - - 23 23
and they present a true and fair view.
Transactions with owners - - - - - - -
Name Signature Date Dividends Paid - - - - - - -
Dr. Edwin P. Mhede April 21, 2021 Regulatory Reserve - - - - - - -
Board Chairman General Provision Reserve - - - - - - -
Others - - - - - - -
Leonard Mususa April 21, 2021
Director Balance as at the end of the 20,000 - 1,000,061 - - 1,072 1,021,133
Previous period