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AGRICULTURAL COOPERATIVE BANK |
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AGRICULTURAL COOPERATIVE BANK |
Ninth – The Bank's expenses
The Bank's liabilities during the year 2005 amounted to 13348 million Syrian pounds distributed between the Banking and Commercial Activities in a ccordance with the following table (in million Syrian pounds ):
A- Common Expenses:
677 Administrative expenenses
482 Paid interests
8 Paid commissions
94 Depreciations
11 Currency Differences
- Provisions
Expenses distributed between
1272 Banking and Commercial Activities
B-Investement expenses
10528 Purchases
540 Expenses related to warehouses
1002 Purchases cost settlement
12070 Total
C-Loss of previous cycles made up of profit and loss Accouncts
Loss of previons cycles 6
Total of the Bank's expenses 13348
The paid interests consisted of the following:
Interestsof credit current accounts and deposits 222
Interests of Discounting Bonds at the Central Bank 69
Interests of Borrowed funds 8
Interests of Unemployment Compating Agency 183
Total 482
From the previous exposition it can seen that the Bank realized aloss amounting 1065 million Syrian pounds
total of the Bank's returns 12283 million Syrian pounds
total of the Bank's liabilites 13348 million Syrian pounds
Ballance ( net loss) 1065 million Syrian pounds
It is important to say that as the AGRICULTURAL COOPERATIVE BANK bears the losses resulting from the fertilizers' selling less than the cost price (fertilizers subsidy) , where the fertilizers' prices differences amounted to 2033 million Syrian pounds: accordingly there was a net loss on the Bank amounting 1065 million Syrian pounds
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