Notes 2022 2021ASSETS Cash on hand 1,404,561 2,529,876Statutory deposits with Central Banks 7,508,221 7,045,773Due from banks 9,178,784 12,425,341Treasury Bills 8,400,605 4,934,664Advances 4 56,829,415 55,515,628Investment securities 5 19,953,780 19,259,501Investment interest receivable 203,693 205,204Investment in associated companies 6 62,603 55,961Premises and equipment 7 3,255,758 3,218,670Right-of-use assets 8 (a) 398,405 477,858Intangible assets 9 1,143,560 1,171,222Pension assets 10 (a) 1,200,717 1,415,216Deferred tax assets 11 (a) 316,556 246,214Taxation recoverable 49,290 72,817Other assets 12 1,071,755 594,950 TOTAL ASSETS 110,977,703 109,168,895 LIABILITIES AND EQUITYLIABILITIES Due to banks 445,410 155,985Customers’ current, savings and deposit accounts 13 87,586,189 86,609,634Other fund raising instruments 14 4,461,931 4,618,554Debt securities in issue 15 1,674,719 1,865,895Lease liabilities 8 (b) 420,088 482,867Pension liability 10 (a) 40 25,356Provision for post-retirement medical benefits 10 (a) 47,056 66,777Taxation payable 272,205 157,343Deferred tax liabilities 11 (b) 535,201 587,712Accrued interest payable 94,440 86,451Other liabilities 16 2,071,215 1,656,819 TOTAL LIABILITIES 97,608,494 96,313,393 With the information provided above answer the following questions: Assess the company’s working capital position by analyzing its current assets and liabilities using common methods and measures. Evaluate the efficiency of the company’s working capital management strategies, including inventory management, accounts receivable, and accounts payable. Based on your assessment and evaluation above, provide brief recommendations in point form for improving the company’s working capital management practices. *answer quickly*
Notes 2022 2021
ASSETS
Cash on hand 1,404,561 2,529,876
Statutory deposits with Central Banks 7,508,221 7,045,773
Due from banks 9,178,784 12,425,341
Treasury Bills 8,400,605 4,934,664
Advances 4 56,829,415 55,515,628
Investment securities 5 19,953,780 19,259,501
Investment interest receivable 203,693 205,204
Investment in associated companies 6 62,603 55,961
Premises and equipment 7 3,255,758 3,218,670
Right-of-use assets 8 (a) 398,405 477,858
Intangible assets 9 1,143,560 1,171,222
Pension assets 10 (a) 1,200,717 1,415,216
Deferred tax assets 11 (a) 316,556 246,214
Taxation recoverable 49,290 72,817
Other assets 12 1,071,755 594,950
TOTAL ASSETS 110,977,703 109,168,895
LIABILITIES AND EQUITY
LIABILITIES
Due to banks 445,410 155,985
Customers’ current, savings and deposit accounts 13 87,586,189 86,609,634
Other fund raising instruments 14 4,461,931 4,618,554
Debt securities in issue 15 1,674,719 1,865,895
Lease liabilities 8 (b) 420,088 482,867
Pension liability 10 (a) 40 25,356
Provision for post-retirement medical benefits 10 (a) 47,056 66,777
Taxation payable 272,205 157,343
Deferred tax liabilities 11 (b) 535,201 587,712
Accrued interest payable 94,440 86,451
Other liabilities 16 2,071,215 1,656,819
TOTAL LIABILITIES 97,608,494 96,313,393
With the information provided above answer the following questions:
- Assess the company’s
working capital position by analyzing its current assets and liabilities using common methods and measures. - Evaluate the efficiency of the company’s working capital management strategies, including inventory management,
accounts receivable , and accounts payable. - Based on your assessment and evaluation above, provide brief recommendations in point form for improving the company’s working capital management practices.
*answer quickly*
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