Prinfin

Grenada Co-operative Bank Limited
Balance Sheet
Horizontal Analysis

Assets
  * Cash and Balances
The cash and other balances in the year 2009 decreased by 7,712,590 which is equivalent to 11.7 %.   This means that there are more cash to manage in 2010 than in 2009.
  * Costumer Loans and Advances
  The amount in 2009 is 351,246,381 increased by 18,202,508 which is equivalent to 5.18 %.   This           means that there are more to collect in 2010 than in 2009.
  * Financial Investment
The amount in 2009 is 35,552,442 increased by 9,915,473 which is equivalent to 27.9 %.   This means that there are more investments in 2010 than in 2009.
  * Premises and Equipment
The amount in 2009 had increased by 13,596,608 which is equivalent to 44.8 %.   This means that the company availed more equipment in 2010.
  * Other Assets and Pre-payments
The amount in 2009 had decreased by 1,525,818 the following year which is 8.55 %.   This means that there are fewer assets to be allocated in the following years.
  * Income Tax Recoverable
In the year 2009 it is 428,980 and the following year it increases by 46,644 which is 10.9%.   this means that there are more income tax recoverable in the year 2009 than in 2010.
  * Total Assets
The asset increased by 32,502,825 in 2010 which is 6.48 %.   This means that the company had gained more assets in the year 2010.

Liabilities
  * Due to other banks
The amount in 2009 had decreased by 12,522,724 which is equivalent to 75.8%. This is good for the company because this means that they are doing well in paying their debts.
  * Customers deposits
The amount in 2009 had increased by 31,824,533 which is equivalent to 7.4 %.   This means that the company has more deposits in the year 2009 than in 2010.
  * Financial liabilities
The amount in 2009 had decreased by 439,983 which is equivalent to 3.7 %. This means that this company is doing good in paying their liabilities
  * Other... [continues]

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