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Julian Hodge Bank Ltd Accounts



Profit and Loss Account
for the year ended 31 October 2009
2009
 		 2008
 
£000 £000
 
Interest receivable
Interest receivable and similar income arising from debt securities 3,040 404
Interest receivable and similar income 29,607 31,164
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  32,647 31,568
 
Interest payable (25,259) (21,941)
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Net interest income 7,388 9,627
Dividend income from listed equity shares and subsidiary companies 400 61
Fees and commissions receivable 2,608 2,447
Fees and commissions payable (990) (1,457)
Other finance income 200 500
Other operating income:    
  Rents receivable 543 -
  Profit on sale of reversionary interests 899 1,153
  Profit on sale of mortgage assets 1,131 -
  Profit on sale of equity shares - 460
  Profit on sale of debt securities 810 -
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Net operating income 12,989 12,791
     
Administrative expenses:    
  Staff costs (3,812) (4,176)
  Other administrative expenses (3,649) (2,171)
Depreciation and amortisation (161) (168)
Movement on provisions for bad and doubtful debts (4,205) (7,199)
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Operating profit/(loss) being profit/(loss) on ordinary activities before taxation 1,162 (923)
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Tax on profit/(loss) on ordinary activities (444) 110
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Profit/(Loss) on ordinary activities after taxation being profit/(loss) for the financial year 718 (813)
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Balance Sheet
at 31 October 2009
2009
£000		 2008
£000
Assets    
Treasury bills 17,897 -
Loans and advances to banks 91,833 85,530
Loans and advances to customers 470,227 419,333
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579,957 504,863
 
Shares in group undertakings and participating interests 16,070 28,600
Investments 379 103
Debt securities 31,608 22,604
Tangible fixed assets 59 186
Investment properties 10,319 -
Reversionary interests in properties 57,286 53,538
Other assets 38,779 13,357
Corporation tax 180 572
Prepayments and accrued income 3,404 3,666
Pension asset - 1,700
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Total assets 738,041 629,189
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Liabilities    
Customer accounts 610,540 503,427
Other liabilities:    
  Other 1,069 193
Accruals and deferred income 3,432 1,387
Pension defecit 900 -
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Total liabilities 615,941 505,007
 
Share capital and reserves    
Called-up share capital 100,000 100,000
Profit and loss account 22,100 24,182
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Shareholder's funds 122,100 124,182
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Total liabilities and shareholder's funds 738,041 629,189
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Memorandum items
Contingent liabilities 362 426
Commitments 190,138 188,452
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