MCCU Annual Report - page 96

96
33. Effects of Changes in Accounting Policies (Cont'd):
(ii) Quantitative effects of change in accounting policy (cont'd).
Effects on statement of financial of position
31st December 2012
Previously
Reported
IAS 19
Adjustments
Restated
Financial
Position
$
$
$
ASSETS:
EARNING ASSETS:
Liquid Assets
634,247,938
-
634,247,938
Loans to Members after Provision for Impairment
1,571,436,133
-
1,571,436,133
Financial Investments
644,501,939
-
644,501,939
Total Earning Assets
2,850,186,010
-
2,850,186,010
NON-EARNING ASSETS:
Liquid Assets
43,178,833
-
43,178,833
Other Assets
37,489,373
-
37,489,373
Property, Plant & Equipment
62,749,772
-
62,749,772
Retirement Benefit Asset
55,374,000
(3,106,000)
52,268,000
Total Non-Earning Assets
198,791,978
(3,106,000)
195,685,978
TOTAL ASSETS
3,048,977,988
(3,106,000)
3,045,871,988
LIABILITIES :
INTEREST BEARING LIABILITIES:
Members' Voluntary Share Capital
1,240,806,081
-
1,240,806,081
Savings Deposits
1,003,447,538
-
1,003,447,538
Total Interest Bearing Liabilities
2,244,253,619
-
2,244,253,619
NON-INTEREST BEARING LIABILITIES:
14,294,055
-
14,294,055
12,339,701
-
12,339,701
6,006,960
-
6,006,960
Total Non-Interest Bearing Liabilities
32,640,716
-
32,640,716
TOTAL LIABILITIES
2,276,894,335
-
2,276,894,335
EQUITY:
Members' Permanent Share Capital
68,667,011
-
68,667,011
Non-Institutional Capital
260,770,010
(3,106,000)
257,664,010
Institutional Capital
442,646,632
-
442,646,632
Total Capital
772,083,653
(3,106,000)
768,977,653
TOTAL LIABILITIES AND EQUITY
3,048,977,988
(3,106,000)
3,045,871,988
MANCHESTER CO-OPERATIVE CREDIT UNION (1977) LIMITED
Others
NOTES TO THE FINANCIAL STATEMENTS - (CONT'D)
YEAR ENDED 31ST DECEMBER 2013
Accruals
Payables
MANCHESTER CO-OPERATIVE CREDIT UNION
ANNUAL REPORT 2013
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