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BANK OF BAKU
 AUDITORS REPORT AND
FINANCIAL STATEMENTS AT
31 DECEMBER 2001
Statement
of Changes in Shareholders Equity for the Year Ended 31 December 2001
(Amounts are expressed in thousands of Azeri Manat)
To the Board of Directors of Bank of
Baku
|
Paid-in capital |
Revaluation reserve for premises and equipment |
Retained earnings |
Total shareholders
equity |
| |
|
Balance at 1 January 2000 |
8,168,980 |
14,314 |
475,770 |
8,659,064 |
| |
|
Share issue (Note 15) |
49,526 |
- |
- |
49,526 |
|
Dividends (Note 17) |
- |
- |
(180,000) |
(180,000) |
|
Net income for the year |
- |
- |
283,095 |
283,095 |
| |
|
Balance at 31 December 2000 |
8,218,506
|
14,314 |
578,865 |
8,811,685 |
| |
|
Share issue (Note 15) |
2,250 |
- |
- |
2,250 |
|
Net income for the year |
- |
- |
417,959 |
417,959 |
| |
|
Balance at 31 December 2001 |
8,220,756 |
14,314 |
996,824 |
9,231,984 |
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