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For the year
ended 31 March 2008
|
2008
|
Financial
Performance |
2007 |
| $ |
|
$ |
|
3,273,172 |
Interest
Revenue |
2,810,005 |
|
2,712,955 |
Interest
Expense |
2,248,315 |
|
560,217 |
Net Interest
Revenue |
561,690 |
|
102,374 |
Other
Income |
146,495 |
|
662,591 |
Operating
Revenue |
708,185 |
|
272,199 |
Operating
Expenses |
239,478 |
|
390,392 |
Operating
Surplus |
468,707 |
|
|
| Financial
Position |
| Assets |
| 40,729,287 |
Loans |
36,882,523 |
| 4,203,240 |
Investments |
2,223,332 |
| 325,907 |
Other
Assets |
606,077 |
| 45,258,434 |
Total
Assets |
39,711,932 |
Liabilities
|
| 30,687,517 |
Depositors'
Funds |
26,717,729 |
| 12,200,000 |
Borrowings |
10,700,000 |
| 487,979 |
Other Liabilities |
403,405 |
| 43,375,496 |
Total
Liabilities |
37,821,134 |
|
Proprietor's
Funds |
| 1,650,000 |
Reserves |
1,500,000 |
| 0 |
Financial
Asset Revaluation Reserve |
173,252 |
| 232,938 |
Accumulated
Funds |
217,546 |
| 1,882,938 |
Total |
1,890,798 |
| |
| 225,000 |
Grants
paid to the Diocese |
200,000 |
| 83,707 |
Interest on Reserves paid
to the Diocese |
63,851 |
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ADF
Call Accounts
Another product tailored to suit
most
of our investors...
Save for your goals with an ADF
Call savings account where you
can earn a very competitive interest
rate and have immediate access
to your funds when you need them.
...more
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