Whiz bank is a Zambian indigenous bank which started its operations in $1992.$ It currently has branches in all the districts. The Balance Sheet of Whiz bank as of $31$ December $2023$ is as follows:

Assets K$$m Liabilities K$$m

Cash in hand $923$ Issued & paid$-$up capital $200$

Balances with central banks$(1)8,986$ Reserves & surplus $(5)54,464$

Balances with banks abroad $(2)80,526$ Deposits $110,568$

Investment in government securities $(3)35,428$ Borrowings from banks $66,084$

Loans & overdrafts $(4)104,362$ Other liabilities $532$

Fixed assets $942$

Other assets $681$

Total assets $231,848$ Total Liabilities $231,848$

Other Memorandum items include:

Inward bills held for collection $8,231$

$(1)$ Balances with central banks comprise:

Rating K$$m

Banque de Angola AAA $3,212$

Bank of Bostwana AAA $4,921$

Central Bank of Madagascar B$-534$

Reserve Bank of Malawi BB$+319$

$(2)$ Balances with banks abroad comprise:

Rating K$$m

HSBC London AAA $30,241$

Credit Lyonnais A$+20,212$

ABSA BBB$-3,424$

Other banks Unrated $26,649$

$(3)$ Investments in Government securities comprise:

Rating K$$m

Government of Tanzania bills BB$+25,231$

Government of Uganda bonds BBB$-5,683$

Other unrated $4,514$

$(4)$ Twenty percent of the loans and overdrafts are claims collateralized by cash deposits placed with Whiz bank. Other claims are:

Rating K$$m

Company X AAA $13,421$

Company Y BB$-3,211$

Company Z A$+11,345$

Other corporates unrated $10,218$

Residential loan $15,000$

Regulatory retail portfolio $30,294\mathrm{.}60$

$(5)$ Reserves and surplus include:

K$$m

Retained profits $34,281$

Statutory reserves $200$

General provisions $4,521$

Revaluation reserves $3,210$

Undisclosed reserves $12,252$

Additional Notes:

Risk weights AAA to AA$-$ A$+$ to A$-$ BBB$+$ to BBB$-$ BB$+$ to B$-$ Below B$-$ Unrated

Claims on sovereigns and central banks $0\%20\%50\%100\%150\%100\%$

Claims on banks $20\%50\%50\%100\%150\%50\%$

AAA to AA$-$ A$+$ to A$-$ BBB$+$ to BB$-$ Below BB$-$ Unrated

Claims on corporates $20\%50\%100\%150\%100\%$

$$ Claims included in the regulatory retail portfolios have a risk$-$weight of $75\%.$

$$ Claims secured by residential property have a risk weight of $35\%$

$$ Other assets are risk weighted at $100\%$

$$ Cash in hand and claims collateralized by cash in the same currency have a supervisory risk weight of $0\%.$

You are required to:

$($i$)$ Prepare a statement showing the computation of the capital adequacy ratio of Whiz bank as at $31$ December $2017.(15$ Marks