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 liabilities...

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 liabilities...

(1)