QUESTION 23

B3

On a scrap paper, make the calculations necessary to answer the questions below. Then use your draft to fill the following multiple blanks. The scrap paper will not be uploaded but needs to be kept for future reference.

Northern territory Bank Plc had the following operations in year 2019 (expressed in $000).

Electricity and water bills: 130

Dividends paid to shareholders: 15.2

Coupons from investment in corporate bonds: 410.9

Interest on customers' term deposits: 250.8

Petrol for the business cars: 2.6

Write off of loans with no existing lending provisions: 12.2

Interest on business loans to commercial companies: 405.8

Distribution on issued capital notes: 50.4

Taxes on profits: 12.4

Commission for customers' advice on retirement investments: 124.2

Charge for bad and doubtful debts: 84

Interest on interbank lending: 33.2

Fees for late repayment by customers of credit card balances: 15

Salaries: 87.6

Unrealized capital gains on held-to-maturity securities: +10

Realized capital gains on available-for-sale securities: -35

Express your result in $000. You must not type $ sign or comas. Your will round your result to ONE decimal when your answer is expressed in $000. If your result is $10,530 you will be required to type 10.5.

Assuming that mark-to-market standards apply to Northern territory Bank and using the conventions of the course,

Calculate the interest income ____ ____

Type your result twice to get the double amount of marks. If you had an hesitation about including or excluding an item while calculating the interest income you can enter a second answer. (Of course at the best you will get half the marks allocated to that question).

Calculate the interest expense ____ ____

Type your result twice to get the double amount of marks. If you had an hesitation about including or excluding an item while calculating the interest expense you can enter a second answer. (Of course at the best you will get half the marks allocated to that question).

Calculate the non interest income ____ ____

Type your result twice to get the double amount of marks. If you had an hesitation about including or excluding an item while calculating the non interest income you can enter a second answer. (Of course at the best you will get half the marks allocated to that question).

Calculate the non interest expense ____ ____

Type your result twice to get the double amount of marks. If you had an hesitation about including or excluding an item while calculating the non interest expense you can enter a second answer. (Of course at the best you will get half the marks allocated to that question).

Calculate the profit before tax ____ ____

Type your result twice to get the double amount of marks. If you had an hesitation about including or excluding an item while calculating the profits before tax you can enter a second answer. (Of course at the best you will get half the marks allocated to that question).