Page 293 - ACCESS BANK ANNUAL REPORTS_eBook

Non current assets

Goodwill - 681,007 - 681,007

Total assets 3,094,960,515 163,680,065 225,224,984 3,483,865,563

Deposit from customers 1,813,042,872 204,070,854 72,083,559 2,089,197,286
Total liabilities 2,673,281,895 155,057,459 201,031,629 3,029,370,984
Net assets 421,678,619 8,622,606 24,790,648 455,091,873

No revenue from transaction with a single external customer or a group of connected economic entities or counterparty
amounted to 10% or more of the group’s total revenue in year ended 31 December 2017 and for the year ended 31 De-
cember 2016. Information on revenue from external customers for each product and service had not been disclosed as the
information is not readily available to the chief operating decision maker and the cost to develop is considered excessive.

8 Interest income

Group Group Bank Bank
In thousands of Naira December December December December
2017 2016 2017 2016

Interest income
Cash and balances with banks 3,478,085 1,929,092 2,385,767 1,328,371
Loans and advances to banks 2,322,596 1,587,816 112,345 149,624
Loans and advances to customers 230,824,330 198,886,057 202,309,037 172,571,696
Investment securities
-Available for sale 31,226,746 16,769,084 29,005,464 15,366,667
-Held for trading 25,493,287 7,896,097 25,493,287 7,876,048
-Held to maturity 26,509,358 20,218,489 15,364,741 13,502,050
319,854,402 247,286,634 274,670,641 210,794,456

Interest expense
Deposit from financial institutions 16,715,851 7,434,354 14,788,823 6,822,272
Deposit from customers 91,365,483 77,187,483 81,326,332 60,921,911
Debt securities issued 35,947,693 18,369,256 35,947,693 13,569,723
Interest bearing borrowings and other borrowed funds 12,373,830 5,147,782 11,070,759 13,463,144
156,402,857 108,138,875 143,133,607 94,777,050
Net interest income 163,451,545 139,147,760 131,537,034 116,017,406

Interest income for the year ended 31 December 2017 includes interest accrued on impaired financial assets of Group:
N1.8Bn (31 December 2016: N2.24Bn) and Bank: N848Mn (31 December 2016: N1.74Bn).

The increase in interest income is attributable to the increase in value of loans and advances to customers and repricing.

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Annual Report & Accounts 2017