QUESTIONS 1. Determine the total asset of each bank in each year and provide this information in a Table, where column refers to years and rows refer to the bank specific total asset for the year. Summary statements of financial position at 31 December 2019BankAssetsCash and cash equivalentsNon-pledged trading assetsInvestment securitiesLoans and advances to customersCurrent tax assetsOther assetsEquityStated capitalReservesRetained earningsStatutory reserveStatutory credit risk reserveOther reserveGroupLiabilitiesTrading liabilitiesDeposit and current accountsDeposits from banksDeposits from customersDeferred tax liabilitiesProvisions and other liabilitiesSubordinated debtTotal equity and liabilities20192018GHS'000 GHS'000Investment in subsidiaryIntangible assets78,112Property, equipment and right of use assets 229,442Total assets2,927,680 1,709,104 2,927,680642,833 634,614642,833671,064685,248668,3943,946,5912,584,7353,946,59119,938779,82654,790375,2089,295,486 6,205,010414,213941,430479,00673,58187,7301,355,643 1,075,374388,01973,732673414,213661,161223,032317,695119,7616737,939,8435,129,636102,539127,3607,284,4114,501,166529,142218,8556,755,269 4,282,3112019GHS'0002,226110467,111366,77883,556134,2229,295,486 6,205,01019,849780,447414,213941,989479,565388,01973,7326732018GHS'0002,50078,11270,00229,27687,7299,295,682 6,205,0187,939,480102,5397,284,454529,1426,755,3121,707,136634,614682,2642,584,7351,356,202 1,075,2902,226466,70583,5569,295,6821414,213661,077222,948317,695119,7616735,129,728127,3604,501,390218,8554,282,535110366,646134,2226,205,018 Condensed Statement of Financial Positionas at 31 December 2020(all amounts are expressed in thousands of Ghana Cedis)AssetsCash and cash equivalentsNon pledged trading assetsDerivative assetsLoans and advances to banksLoans and advances to customersInvestment securitiesOther assetsProperty and equipmentIntangible assetsDeferred tax assetsTotal assetsLiabilitiesDerivative liabilitiesDeposits from banksDeposits from customersBorrowingsCurrent tax liabilitiesRetirement benefit obligationOther liabilitiesTotal liabilitiesCapital and reservesStated capitalRetained earningsStatutory reserveCredit risk reserveOther reservesTotal equityTotal equity and liabilities2020GHS'0001,510,299 1,532,6552,192,3672,866,3652019GHS'00039,28354,425244,620209,5014,481,1734,082,2953,318,260 2,550,401539,790319,669161,460105,1741,48177157,74051,29012,546,473 11,772,54650,31233,140384,356414,0896,506,449 5,142,9072,695,0193,927,2403,1851,69188,47875,669870,268544,68810,598,067 10,139,424400,000968,311544,67540,135(4,715)1,948,406400,000683,756485,784112,453(48,871)1,633,12212,546,473 11,772,546

Total Assets :— Total Assets include Current Assets or Non Current Assets. Where, Current Assets…

Answered: QUESTIONS 1. Determine the total asset…

QUESTIONS 1. Determine the total asset of each bank in each year and provide this information in a Table, where column refers to years and rows refer to the bank specific total asset for the year.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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