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BANK OF BAKU
AUDITORS REPORT AND FINANCIAL STATEMENTS AT 31 DECEMBER 1998


Note 13 - Dividends

 

1998

 

Ordinary dividends

Proposed and paid during the year

516,883

Proposed and not paid at year end (Note 10)

120,000

 

Total dividends

636,883


Dividends are declared at quarter ends and paid in the following quarter.
Note 1 Principal Activities
Note 2 Basis of Presentation
Note 3
Significant Accounting Policies
Note 4
Cash and Short-Termshort-term funds
Note 5
Loans and Advances to Banks
Note 6
Loans and Advances to Customers
Note 7
Premises and Equipment
Note 8
Deposits From Banks
Note 9
Customer Accounts
Note 10
Other Liabilities
Note 11
Share Capital
Note 12
Accumulated Deficit / Retained earnings
Note 13
Dividends
Note 14
Fees and Commission Income
Note 15
Fees and Commission Expense
Note 16
General, Administrative and Other Operating Expenses
Note 17
Taxation
Note 18
Asset and Liability Concentration
Note 19
Fair value of Financial Instruments
Note 20
Risk Management
Note 21
Commitments and Contingent Liabilities
Note 22
Reconciliation of Azeri Accounting Rules to International. Accounting Standards
Note 23 Related Party Transactions

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