Summary Financial Information - Hodge Bank

Profit and Loss Account
for the year ended 31 October 2015
2015
£000
2014
£000
 
Interest receivable
Interest receivable and similar income arising from treasury bills and debt securities 4,630 4,715
Other interest receivable and similar income 28,681 24,196
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  33,311 28,911
 
Interest payable (27,673) (26,027)
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Net interest income 5,638 2,884
Fees and commissions receivable 2,800 2,220
Fees and commissions payable (785) (1,540)
Other finance income 370 800
Other operating income:    
  Rents receivable 840 871
  Profit on sale of reversionary interests 3,567 2,969
  Profit on sale of stock and work in progress 552 705
  Profit on sale of debt securities 60 379
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Net operating income 13,042 9,288
     
Administrative expenses:    
  Staff costs (4,736) (3,509)
  Other administrative expenses (2,012) (1,869)
Depreciation and amortisation (44) (42)
Movement on provisions for bad and doubtful debts (2,113) (748)
Movement in valuation of stock and work in progress 910 1,144
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Operating profit being profit on ordinary activities before taxation 5,047 4,264
     
Tax on profit on ordinary activities (797) (174)
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Profit on ordinary activities after taxation being profit for the financial year 4,250 4,090
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Balance Sheet
at 31 October 2015
2015
£000
2014
£000
Assets    
Cash and balances held at central banks 101,640 18,503
Treasury bills 81,004 75,518
Loans and advances to banks 20,472 28,762
Loans and advances to customers 557,507 440,781
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760,623 563,564
 
Stock and work in progress 3,432 3,163
Shares in group undertakings and participating interests 15,972 15,972
Debt securities 81,488 85,128
Tangible fixed assets 1,282 645
Investment properties 7,700 9,175
Reversionary interests in properties 55,040 57,373
Other assets 71,204 47,126
Prepayments and accrued income 2,278 2,525
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Total assets 999,019 784,671
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Liabilities    
Amounts owed to credit institutions and central banks 2,786 10,000
Customer accounts 848,593 633,232
Other liabilities:    
  Other 4,433 1,409
Accruals and deferred income 5,858 5,176
Pension deficit 3,600 2,880
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Total liabilities 865,270 652,697
 
Share capital and reserves    
Called-up share capital 100,000 100,000
Profit and loss account 36,394 33,118
Revaluation reserve (2,645) (1,144)
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Shareholder's funds 133,749 131,974
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Total liabilities and shareholder's funds 999,019 784,671
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Memorandum items    
Commitments 124,662 150,610
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