|
The NCB Scheme of
Arrangement
APPENDIX
D
NEW
CORE SUBSIDIARIES
PROFIT
AND LOSS ACCOUNTS AND BALANCE SHEETS - 30 JUNE 2000
Edward
Gayle & Company Limited
Profit
and Loss Account
|
|
|
Unaudited
Nine months ended
30 June 2000
|
|
Unaudited
Nine months ended
30 June 1999
|
|
|
|
$'000
|
|
$'000
|
|
Revenue
|
|
|
|
|
|
Income from securities and investments
|
|
79,926
|
|
52,760
|
|
Other operating income
|
|
15,850
|
|
7,819
|
|
|
|
95,776
|
|
60,579
|
Expenses
|
|
|
|
|
|
Administration
expenses
|
|
(48,433)
|
|
(38,022)
|
|
|
|
|
|
|
|
Operating Profit
|
|
47,342
|
|
22,557
|
|
Finance
cost
|
|
(3,545)
|
|
(5,061)
|
|
Net Profit before Taxation
|
|
43,798
|
|
17,496
|
|
Taxation
|
|
(10,880)
|
|
(4,868)
|
|
Net Profit
|
|
32,918
|
|
12,628
|
Balance
Sheet
|
|
|
Unaudited
30
June
2000
|
|
Audited
30
September
1999
|
|
|
|
$'000
|
|
$'000
|
NET
ASSETS EMPLOYED
|
|
|
|
|
|
|
|
|
|
|
Fixed
Assets
|
|
12,287
|
|
6,215
|
|
Current Assets
|
|
|
|
|
|
Listed
Securities
|
|
13,852
|
|
5,021
|
|
Securities
purchased under agreements to resell
|
|
3,708,627
|
|
1,771,377
|
|
Investments
|
|
94,491
|
|
83,088
|
|
Receivable
from clients
|
|
80,192
|
|
21,831
|
|
Receivable
from brokers
|
|
60,135
|
|
-
|
|
Accounts
receivable
|
|
138,195
|
|
75,685
|
|
Taxation
recoverable
|
|
-
|
|
2,987
|
|
Cash
and deposits
|
|
66,022
|
|
18,275
|
|
|
4,161,514
|
|
1,978,264
|
|
|
|
|
|
|
Current Liabilities
|
|
|
|
|
|
Securities
sold under agreements to repurchase
|
|
3,697,134
|
|
1,793,036
|
|
Due
to shareholders
|
|
3,322
|
|
3,766
|
|
Payable
to clients
|
|
108,555
|
|
17,100
|
|
Payable
to brokers
|
|
38,723
|
|
2,208
|
|
Accounts
payable
|
|
127,188
|
|
46,805
|
|
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