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
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
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
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
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