!"#$%&'#"(()*+,-%$).&%/&)0%1%$,-) Unaudited Management Accounts 31st October 2024 (Not forming part of the statutory audited Financial Statements)
INCOME & EXPENDITURE ACCOUNT INCOME Interest on Loans to members
BALANCE SHEET ASSETS Cash and Current Accounts
€
€
138,047
909,694
86,605
Investment Interest Income
47,808,594
Deposits and Investments
73
611,585
Commissions, fees and charges
Minimum Reserve Requirement
Other Income
36
20,064,151
Loans to Members
-882,100
Less: Prov. For Doubtful Debts
224,761
Tangible Fixed Assets
TOTAL INCOME
785,437
324,677
Accrued Income
EXPENDITURE
112,171
Prepayments & Other Current Assets
33,513
Salaries & Related expenses
208,401
Other Mgt Expenses & Depn
90
Regulatory Levies
TOTAL ASSETS
69,734,209
-7,36 2
Bad debt writeoff and Recoveries
LIABILITIES Member Shares
TOTAL EXPENDITURE
234,642
57065,624
Creditors and Other Liabilities
83,512
-9,881
YTD SURPLUS
RESERVES Regulatory Reserve Operational
7,419,363
Oper Risk Reserves
407,626 4,758,084
Other Reserves
T OTAL LIABILITIES & RESERVES
69,734,209
Explanatory Note Two Government Bonds with a combined Book Value of €2,489,939 have been revalued to their Market Value at 31st October 2024. The Market Value of the Government Bonds has been assessed at €2,302,778. The revaluation of these Bonds has resulted in a diminution on investments of €187,161 and is recorded in the Income and Expenditure Account. Subject to the investments being held to maturity they will mature at par value which is above current market value.
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