Page 150 - ACCESS ANNUAL REPORT 2019
P. 150
NOTES (continued)
A a o nts are in tho sands o hana edis n ess otherwise stated
ontingencies contin ed
ontingent iabi ities and co it ents contin ed
o it ents or capita e pendit re
he ollowin ta le summarises the nominal principal amount o contin ent lia ilities and commitments with off alance sheet ris
ontingent iabi ities he ro p and the Ban 2019 2018
Bonds and guarantees etters of credit
, ,
450,331 211,662
,
661,993
Re ated parties
Access Ban Plc, is the immediate and ultimate parent company. Parties are considered to e related i one party has the a ility to control the other party or exercise in uence over the other party in ma in financial and operational decisions, or one other party controls oth. he definition includes mem ers o the Access Ban Plc roup.
he outstandin alances arisin and transactions with the related parties were as ollows
he ro p and the Ban 2019 2018
ccess Bank c igeria ccess Bank c igeria ccess Bank c igeria ccess Bank ccess Bank
ash and cash e uiva ents acement
ccount receiva e
ash and cash e uiva ents acement
954 , - , ,
8,404 774,398 201 41,857 77,139
mounts due to re ated party
ccess Bank c igeria ccounts paya e
18
332
Transactions with related parties:
ccess Bank c igeria nterest on p acement ccess Bank nterest on p acement
, 44
7,041 182
149
