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kindly assist 2. The following balances were extracted from the books of ABC bank Itd, on 30 June 2017. Sh '000' Government securities 400,000 Loans

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kindly assist

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2. The following balances were extracted from the books of ABC bank Itd, on 30" June 2017. Sh '000' Government securities 400,000 Loans and advances of customers 200,000 Cost and balances with central bank 600,000 Other money market placements 30,000 Property plant and equipment 472,600 Interests on loans and advances 500,000 Interests on government securities 275,000 Foreign Exchange Income 80.000 Fees and commissions income 190,000 Deposits with other banks 130,000 Other fixed assets 140,000 Interest on placement and bank balances 55,000 Non-operating income 23,000 Customers deposits 4,200,000 Deposits and balance due to other banks 210,000 Depreciation expense 60.000 Directors emoluments 16.000 Bad and doubtful debts expenses 40.000 Interim dividends paid 35,000 Staff costs 315,000 Interests on customer's deposits 135,000 Interest on borrowed funds 45,000 Ordinary share capital 4,600,000 Auditors remuneration 5,000 Contribution to staff provident fund 16,000 Loss on sale of fixed assets 27,000 Reserves 700,000 Legal and professional fees 19,000 Additional Information 1. Current tax has been estimated at shs140,000,000 2. Final dividends have been proposed at 10% 3. Accrued interest expense on customer's deposits of 30" June 2017 was 15,000,000 4. Unrecorded interest income on loans and advances to customers was shs 125,000,000 at 30 June 2017. Required: a) A statement of income & expenditure for the year ended 30" June 2017. (10 Marks) b) A statement of financial position as at 30" June 2017. (10 Marks)

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