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Julian Hodge Bank Ltd Accounts



Profit and Loss Account
for the year ended 31 October 2008
2008
 
Continuing		 2007
Discontinued
Total
£'000 £000 £000 £000
 
Interest receivable
Interest receivable and similar income arising from debt securities 404 - - -
Interest receivable and similar income 31,164 25,355 - 25,355
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  31,568 25,355 - 25,355
 
Interest payable (21,941) (14,107) - (14,107)
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Net interest income 9,627 11,248 - 11,248
Dividend income from listed equity shares and subsidiary companies 61 92 1,000 1,092
Fees and commissions receivable 2,447 3,354 - 3,354
Fees and commissions payable (1,457) (2,491) 145 (2,346)
Other finance income 500 400 - 400
Other operating income:    
  Profit on sale of reversionary interests 1,153 1,346 - 1,346
  Profit on sale of mortgage assets - 558 - 558
  Profit on sale of equity shares 460 399 - 399
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Net operating income 12,791 14,906 1,145 16,051
     
Administrative expenses:    
  Staff costs (4,176) (4,709) (27) (4,736)
  Other administrative expenses (2,171) (1,804) (41) (1,845)
Depreciation and amortisation (168) (250) - (250)
Movement on provisions for bad and doubtful debts (7,199) (1,037) 425 (612)
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Total operating (loss)/profit (923) 7,106 1,502 8,608
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Profit on sale of subsidiary company - 3,296
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(Loss)/profit on ordinary activities before taxation (923) 11,904
 
Tax on (loss)/profit on ordinary activities 110 (2,415)
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(Loss)/profit on ordinary activities after taxation being (loss)/profit for the financial year (813) 9,489
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Balance Sheet
at 31 October 2008
2008
£'000		 2007
£'000
Assets    
Loans and advances to banks 85,530 11,987
Loans and advances to customers 419,333 366,121
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504,863 378,108
Equity shares 103 114
Shares in group undertakings and associates 28,600 28,600
Debt securities 22,604 -
Tangible fixed assets 186 332
Reversionary interests in properties 53,538 50,481
Other assets 13,357 3,024
Corporation tax 572 -
Prepayments and accrued income 3,666 2,463
Pension asset 1,700 2,800
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Total assets 629,189 465,922
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Liabilities    
Deposits by banks - 9,125
Customer accounts 503,427 317,491
Other liabilities:    
  Corporation tax - 880
  Other 193 9,791
Accruals and deferred income 1,387 2,140
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505,007 339,427
Share capital and reserves    
Called-up share capital 100,000 100,000
Profit and loss account 24,182 26,495
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Shareholder's funds 124,182 126,495
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Total liabilities and shareholder's funds 629,189 465,922
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Memorandum items
Contingent liabilities 426 424
Commitments 188,452 233,859
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