A study on the financial

PERFORMANCE of Bajaj
finance limited……
INTRODUCTION TO INDUSTRY:
Bajaj Finance Limited operates in the non-banking financial company (NBFC)
sector, which is a crucial component of India's financial services industry. The
NBFC sector plays a pivotal role in providing financial services to individuals and
businesses that may not have access to traditional banking services or prefer
alternative financing options. Within this sector, Bajaj Finance has emerged as a
prominent player, offering a diverse range of financial products and services
tailored to the needs of various consumer segments.
The NBFC industry in India has witnessed significant growth and evolution over
the years, driven by factors such as changing consumer preferences, technological
advancements, regulatory reforms, and the increasing need for specialized
financial solutions. Unlike traditional banks, NBFCs are not licensed to accept
deposits from the public, but they engage in activities such as lending, investment,
insurance, and wealth management.
Bajaj Finance's presence in the NBFC industry reflects its deep understanding of
the Indian market dynamics and its ability to innovate and adapt to evolving
customer needs. The company operates through multiple business divisions, each
focusing on specific financial products and services, thereby catering to a wide
spectrum of customers.
Consumer lending is one of the primary segments within the NBFC industry, and
Bajaj Finance has established a strong foothold in this space. The company offers
a range of consumer finance solutions, including personal loans, consumer
durable loans, electronic product financing, and two-wheeler loans. These
offerings enable individuals to fulfill their aspirations, whether it's purchasing a
new smartphone, upgrading household appliances, or buying a vehicle.
In addition to consumer lending, Bajaj Finance actively participates in SME and
commercial lending, addressing the financing needs of small and medium
enterprises (SMEs) and corporate clients. SME lending encompasses working
capital loans, business expansion loans, machinery financing, and other credit
facilities tailored to the specific requirements of SMEs, which are crucial
contributors to India's economic growth. Commercial lending, on the other hand,
caters to larger businesses and corporations, providing customized financial
solutions to support their diverse business activities.
Another significant aspect of the NBFC industry is wealth management and
investment services, where Bajaj Finance has made considerable strides. The
company's wealth management division offers a suite of investment products and
advisory services, including mutual funds, fixed deposits, bonds, and portfolio
management services, aimed at helping individuals and institutions optimize their
investment portfolios and achieve their financial goals.
Moreover, Bajaj Finance has expanded its presence in the insurance sector
through joint ventures with Allianz SE, a global insurance leader, establishing
Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life
Insurance Company Limited. These ventures offer a comprehensive range of
general and life insurance products, including health insurance, motor insurance,
home insurance, and life insurance, thereby providing financial protection and
risk management solutions to individuals and businesses.
Technological innovation is a key driver of growth and competitiveness in the
NBFC industry, and Bajaj Finance has been at the forefront of leveraging
technology to enhance its operations and customer experience. The company has
invested in digital platforms, fintech solutions, and data analytics to streamline
processes, improve efficiency, and offer personalized services to its customers. Its
user-friendly mobile app and online portals enable customers to access a wide
range of financial services conveniently from their smartphones or computers.
Furthermore, Bajaj Finance actively engages in corporate social responsibility
(CSR) initiatives, reflecting its commitment to sustainable development and
societal welfare. Through various CSR projects focused on education, healthcare,
environment conservation, and community development, the company contributes
to the holistic development of society and reinforces its role as a responsible
corporate citizen.
In conclusion, Bajaj Finance Limited's prominence in the NBFC industry
underscores its innovative approach, customer-centric focus, and commitment to
excellence. As a leading player in India's financial services landscape, Bajaj
Finance continues to drive financial inclusion, empower individuals and
businesses, and contribute to the country's economic growth and development.
With its diverse portfolio of financial products and services, technological
prowess, and emphasis on social responsibility, Bajaj Finance is poised to sustain
its leadership position and chart new avenues of growth in the dynamic NBFC
industry

INTRODUCTION TO ORGANISATION:
Bajaj Finance Limited is a leading non-banking financial company (NBFC)
in India, renowned for its diversified range of financial services catering to
various consumer segments. Established in 1987 as Bajaj Auto Finance Limited,
it has evolved into a powerhouse in the Indian financial sector, offering a wide
array of lending, investment, and insurance solutions. With its headquarters in
Pune, Maharashtra, Bajaj Finance has established a formidable presence across
the country, serving millions of customers.
The company's success can be attributed to its customer-centric approach,
innovative product offerings, robust risk management practices, and technological
advancements. Bajaj Finance operates through various subsidiaries and divisions,
each specializing in different financial products and services, ensuring
comprehensive coverage of the financial needs of its diverse customer base.
One of Bajaj Finance's key strengths lies in its lending business, which includes
consumer lending, SME lending, commercial lending, and rural lending. Through
its consumer lending division, the company offers loans for purchasing consumer
durables, electronics, lifestyle products, and two-wheelers, among others. SME
and commercial lending cater to the financing needs of small and medium
enterprises (SMEs) and corporate clients, providing working capital loans,
machinery loans, and other business financing solutions. Additionally, its rural
lending arm focuses on providing financial assistance to individuals in rural areas
for agricultural and allied activities, thus contributing to rural development.
In addition to lending, Bajaj Finance has a significant presence in the investment
segment through its wealth management and asset management divisions. These
divisions offer a range of investment products and advisory services, including
mutual funds, fixed deposits, bonds, and insurance, helping customers optimize
their financial portfolios and achieve their investment goals.
Furthermore, the company has expanded its footprint in the insurance sector
through Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life
Insurance Company Limited, its joint ventures with Allianz SE, a global
insurance giant. These ventures offer a wide range of general and life insurance
products, including health insurance, motor insurance, home insurance, and life
insurance, providing comprehensive coverage to individuals and businesses.
Bajaj Finance's commitment to technological innovation has been instrumental in
enhancing its operational efficiency and customer experience. The company has
invested significantly in developing digital platforms and fintech solutions to
streamline processes, improve accessibility, and offer personalized services to its
customers. Its user-friendly mobile app and online portals enable customers to
access a range of financial services conveniently from their fingertips.
Moreover, Bajaj Finance prioritizes corporate social responsibility (CSR)
initiatives aimed at fostering sustainable development and societal welfare.
Through various CSR projects, the company actively engages in initiatives related
to education, healthcare, environment conservation, and community development,
making a positive impact on society.
In conclusion, Bajaj Finance Limited stands as a testament to India's vibrant
financial services sector, leveraging innovation, customer-centricity, and strategic
partnerships to emerge as a leader in the NBFC space. With its comprehensive
suite of financial products and services, unwavering commitment to excellence,
and a strong emphasis on technology and social responsibility, Bajaj Finance
continues to redefine the financial landscape and empower millions of individuals
and businesses to achieve their aspirations.

MISSION AND VISSION OF BAJAJ FINANCE LTD.

Mission of Bajaj Finance Limited:
1. To be the preferred financial partner for individuals and businesses across
India, offering innovative and customized solutions to meet their diverse needs.
2. To leverage technology and data analytics to enhance operational efficiency,
improve customer experience, and drive sustainable growth.
3. To foster financial inclusion by reaching out to underserved segments of the
population and providing them with accessible and affordable financial products
and services.
4. To uphold the highest standards of integrity, transparency, and ethical conduct
in all our dealings, earning the trust and confidence of our stakeholders.
5. To contribute positively to the socio-economic development of the
communities we serve through responsible corporate citizenship and impactful
CSR initiatives.

Vision of Bajaj Finance Limited:

1. To become the leading non-banking financial institution in India, known for its
customer-centric approach, innovation, and excellence in service delivery.
2. To continuously expand our product portfolio and geographical presence,
catering to evolving customer needs and emerging market opportunities.
3. To build enduring relationships with our customers, partners, and employees,
based on mutual trust, respect, and shared values.
4. To drive sustainable value creation for our shareholders, delivering consistent
financial performance and long-term growth.
5. To be recognized as a socially responsible corporate citizen, making a positive
difference in the lives of people and the communities we serve.
\

GEOGRAPHICAL AND FUNCTIONAL AREAS OF OPERATION

Bajaj Finance Limited operates across various geographical regions and

functional areas to serve its diverse customer base and provide a wide range of
financial products and services. Here's an overview of its geographical and
functional areas of operation:
Geographical Areas of Operation:
1. India: Bajaj Finance primarily operates in India, serving customers across the
country through its extensive network of branches, digital platforms, and strategic
partnerships. The company has a strong presence in both urban and rural areas,
catering to individuals, businesses, and institutions across different states and
regions.

Functional Areas of Operation:

1. Retail Lending: Bajaj Finance offers a variety of retail lending products to
individual consumers, including personal loans, consumer durable loans, digital
product financing, two-wheeler loans, and more. These products cater to diverse
needs such as travel, education, medical expenses, home renovation, electronic
purchases, and vehicle financing.
2. SME and Commercial Lending: Bajaj Finance provides financing solutions to
small and medium enterprises (SMEs) and commercial clients for working capital
requirements, business expansion, machinery purchase, vendor financing, and
other business needs. These lending products support the growth and development
of businesses across different sectors.
3. Investment and Wealth Management: Through its wealth management division,
Bajaj Finance offers investment products and advisory services to help individuals
and institutions achieve their financial goals. This includes mutual funds, fixed
deposits, bonds, portfolio management services, and other investment options.

4. Insurance Solutions: Bajaj Finance has a presence in the insurance sector

through its joint ventures with Allianz SE, offering general insurance and life
insurance products under the brands Bajaj Allianz General Insurance and Bajaj
Allianz Life Insurance. These insurance solutions provide coverage for health,
life, vehicles, homes, and other assets.
5. Rural Finance: Bajaj Finance caters to the financial needs of rural and semi-
urban populations through its rural lending products and initiatives. This includes
agricultural loans, livestock financing, farm equipment loans, and microfinance
solutions aimed at promoting rural livelihoods and economic development.
6. Technology and Digital Innovation: Bajaj Finance leverages technology and
digital platforms to enhance operational efficiency, improve customer experience,
and drive innovation across its various product offerings and functional areas.
This includes online loan processing, digital payments, data analytics, and mobile
applications for easy access to financial services.
Overall, Bajaj Finance Limited operates in a diverse range of geographical
regions and functional areas, serving customers across India with its
comprehensive suite of financial products and services tailored to meet their
evolving needs and preferences.

CLIENTS
Bajaj Finance Limited serves a diverse range of clients across various segments,
including:
1. Individuals:
- Retail consumers seeking personal loans for various purposes such as travel,
education, medical expenses, home renovation, and weddings.
- Customers looking for consumer durable loans to finance the purchase of
electronics, appliances, furniture, and other lifestyle products.
- Two-wheeler buyers availing loans for purchasing motorcycles, scooters, and
other vehicles.
- Investors interested in wealth management services, including mutual funds,
fixed deposits, bonds, and other investment products.
- Policyholders seeking insurance coverage for health, life, vehicles, homes, and
other assets through Bajaj Allianz General Insurance and Bajaj Allianz Life
Insurance.

2. Small and Medium Enterprises (SMEs):

 - Small businesses and entrepreneurs requiring working capital finance, term
loans, machinery loans, and other financial solutions to support their business
operations and expansion plans.
- SMEs seeking customized financing options for inventory management,
equipment purchase, technology upgrades, and business growth initiatives.
3. Corporates and Institutions:
- Large corporations requiring corporate lending solutions for project financing,
capital expenditure, mergers and acquisitions, and other corporate finance needs.
- Institutional clients such as banks, financial institutions, government bodies,
and corporate entities availing specialized financial services and solutions tailored
to their requirements.
4. Rural and Semi-Urban Population:
- Individuals residing in rural and semi-urban areas accessing financial products
and services for agricultural purposes, livestock purchase, farm equipment
financing, and rural development initiatives.
- Farmers and rural entrepreneurs benefiting from microfinance, agricultural
loans, and other credit facilities aimed at promoting rural livelihoods and
economic empowerment.
5. Online Customers:
- Tech-savvy consumers utilizing Bajaj Finance's digital platforms, mobile app,
and online portals to avail loans, invest in financial products, purchase insurance
policies, and manage their finances conveniently from anywhere, anytime.

Products
Bajaj Finance Limited offers a diverse range of financial products and services
tailored to meet the needs of various consumer segments. Some of the key
products offered by Bajaj Finance include:
1. Consumer Loans:
- Personal Loans: Unsecured loans provided to individuals for various personal
expenses such as travel, education, medical emergencies, home renovation,
weddings, etc.
- Consumer Durable Loans: Financing options available for purchasing a wide
range of consumer durables including electronics, appliances, furniture, and
lifestyle products.
 - Digital Product Financing: Loans offered for purchasing smartphones, laptops,
tablets, cameras, and other digital gadgets.
- EMI Finance: Facility enabling customers to convert their purchases into easy
monthly installments (EMIs) for a convenient payment experience.

2. Two-Wheeler and Vehicle Financing:

- Two-Wheeler Loans: Financing solutions available for purchasing
motorcycles, scooters, and other two-wheelers, with flexible repayment options.
- Auto Loans: Loans provided for purchasing cars, commercial vehicles, and
other automobiles, catering to both individual and commercial vehicle buyers.
3. SME and Commercial Lending:
- Business Loans: Customized financing options available for small and
medium enterprises (SMEs) for working capital requirements, business
expansion, machinery purchase, etc.
- Loan Against Property: Secured loans provided against residential or
commercial properties owned by individuals or businesses, offering higher loan
amounts and longer tenures.
- Vendor and Dealer Financing: Financial support extended to vendors,
suppliers, and dealers for managing their working capital needs and expanding
their businesses.
4. Investment Products:
- Fixed Deposits: Secure investment option offering fixed returns over a
predetermined period, with flexible tenures and interest payout options.
- Mutual Funds: Investment schemes offering diversification and professional
fund management across equity, debt, and hybrid asset classes, catering to various
risk profiles and investment objectives.
- Bonds and Debentures: Fixed-income securities providing regular interest
payments and capital appreciation opportunities, issued by reputed companies and
financial institutions.
- Savings and Deposit Products: Savings accounts, recurring deposits, and other
deposit schemes offering competitive interest rates and liquidity options.

5. Insurance Solutions:
 - Health Insurance: Comprehensive health insurance plans covering medical
expenses, hospitalization costs, and critical illnesses for individuals and families.
- Life Insurance: Protection plans offering financial security to policyholders
and their loved ones in case of unforeseen events such as death, disability, or
terminal illness.
- Motor Insurance: Insurance coverage for vehicles against damages, accidents,
theft, and third-party liabilities, complying with regulatory requirements.
- Home Insurance: Insurance policies providing coverage for residential
properties, safeguarding against risks such as fire, burglary, natural calamities,
and structural damage.

COMPETITORS
In the highly competitive financial markets of India, Bajaj Finance Limited faces
competition from various players across different sectors of the industry. Here are
ten competitors of Bajaj Finance Limited:

1. HDFC Bank: One of the largest private sector banks in India, HDFC Bank
offers a wide range of financial products and services including loans, deposits,
wealth management, and insurance.
2. ICICI Bank: Another major private sector bank, ICICI Bank competes with
Bajaj Finance through its extensive network of branches and digital platforms
offering diverse financial solutions.
3. State Bank of India (SBI): As the largest public sector bank in India, SBI
provides stiff competition to Bajaj Finance with its extensive reach, diversified
product portfolio, and competitive interest rates.
4. Axis Bank: A leading private sector bank, Axis Bank offers retail and corporate
banking services along with investment banking and wealth management
solutions, posing a strong challenge to Bajaj Finance.
5. Kotak Mahindra Bank: Known for its innovative products and customer-centric
approach, Kotak Mahindra Bank competes with Bajaj Finance in various
segments including retail lending, investment, and insurance.

6. IndusInd Bank: With a focus on digital innovation and customer service,

IndusInd Bank competes with Bajaj Finance in retail banking, corporate lending,
and wealth management services.
7. HDFC Limited: As a leading housing finance company in India, HDFC
Limited competes with Bajaj Finance in mortgage lending and related financial
services.
8. Bajaj Finserv Limited: The parent company of Bajaj Finance Limited, Bajaj
Finserv operates in multiple financial segments including lending, insurance,
wealth management, and asset management, making it a direct competitor to
Bajaj Finance.
9.Aditya Birla Capital Limited: With diversified operations spanning across
lending, insurance, asset management, and wealth management, Aditya Birla
Capital competes with Bajaj Finance in various financial services segments.
10. Tata Capital Limited: A subsidiary of Tata Sons, Tata Capital offers a wide
range of financial products and services including consumer loans, business loans,
housing finance, and wealth management, posing competition to Bajaj Finance.

These competitors operate in different segments of the financial industry, ranging

from banking and lending to insurance and wealth management. Each competitor
brings its unique strengths and strategies to the market, intensifying the
competition for market share and customer loyalty.

ORGANISATIONAL STRUCTURE
The organizational structure of Bajaj Finance Limited is designed to facilitate
efficient management, clear communication, and effective decision-making across
the company's various functions and business units. While specific details may
vary based on the company's evolving needs and strategic initiatives, below is a
generalized overview of the typical organizational structure of Bajaj Finance
Limited:

1. **Board of Directors**: The highest decision-making body responsible for

setting strategic direction, overseeing corporate governance, and ensuring
compliance with regulatory requirements. The board comprises experienced
professionals, industry experts, and representatives from the company's major
stakeholders.

2. **Executive Leadership Team**: The executive leadership team consists of

senior executives who hold key leadership positions within the organization. This
team is responsible for formulating and executing business strategies, driving
growth, managing risk, and delivering results. The executive leadership team
typically includes roles such as:
- Chief Executive Officer (CEO): The highest-ranking executive responsible for
overall management and leadership of the company.
- Chief Financial Officer (CFO): Oversees financial planning, reporting, and
treasury functions, ensuring financial stability and compliance.
- Chief Operating Officer (COO): Manages day-to-day operations, processes,
and infrastructure to optimize efficiency and productivity.
- Chief Risk Officer (CRO): Oversees risk management practices and ensures
compliance with regulatory requirements to mitigate financial, operational, and
strategic risks.
- Chief Marketing Officer (CMO): Leads marketing and branding initiatives,
develops customer acquisition and retention strategies, and drives product
innovation.
- Chief Technology Officer (CTO) or Chief Information Officer (CIO): Leads
technology and digital transformation efforts, drives innovation, and ensures the
security and efficiency of IT systems and infrastructure.

3. **Functional Departments**:
- Finance and Accounts: Responsible for financial planning, budgeting,
accounting, and reporting functions.
- Human Resources: Manages recruitment, talent development, performance
management, and employee relations initiatives.
- Legal and Compliance: Ensures compliance with applicable laws, regulations,
and corporate governance standards, and provides legal support and risk
management advice.
- Operations: Oversees day-to-day operational activities, including loan
processing, customer service, collections, and vendor management.
- Risk Management: Manages credit, market, operational, and regulatory risks,
and develops risk mitigation strategies and frameworks.
- Sales and Business Development: Drives revenue growth through sales,
distribution, and business expansion initiatives, and develops strategic
partnerships.
 - Technology and Digital Innovation: Develops and implements technology
solutions, digital platforms, and data analytics capabilities to enhance operational
efficiency and customer experience.
- Marketing and Customer Experience: Develops marketing strategies, brand
positioning, and customer engagement initiatives to drive customer acquisition,
retention, and loyalty.
4. **Business Units or Divisions**: Bajaj Finance may have various business
units or divisions specializing in specific product lines or customer segments.
Each business unit may have its own leadership team responsible for strategy
execution and performance management.
5. **Regional Offices**: Bajaj Finance may have regional offices or branches
across different geographical locations to oversee operations, sales, and customer
service activities in specific regions or markets.
\

Market share and position of bajaj finance

1. Market Share: Bajaj Finance has consistently been one of the leading NBFCs in
India in terms of market share. Its robust growth trajectory over the years has
allowed it to capture a substantial portion of the market across various financial
products and services.
2. Consumer Lending: Bajaj Finance is a major player in the consumer lending
segment, offering a wide range of loan products such as personal loans, consumer
durable loans, digital product financing, and two-wheeler loans. The company's
competitive interest rates, convenient repayment options, and efficient customer
service have contributed to its strong market position in this segment.
3. Retail Finance: In the retail finance space, Bajaj Finance has established itself
as a preferred choice for individuals seeking financing for various needs including
consumer durables, electronics, lifestyle products, and vehicles. Its extensive
network of partners and distribution channels has enabled it to reach a large
customer base across urban and rural areas.
4. SME and Commercial Lending: Bajaj Finance has also made significant
inroads into SME and commercial lending, catering to the financing needs of
small and medium enterprises as well as corporate clients. Its flexible loan
offerings and quick turnaround times have made it a trusted financing partner for
businesses looking to expand or manage their working capital requirements.
5. Insurance Sector: Through its joint ventures with Allianz SE, Bajaj Finance has
a notable presence in the insurance sector with offerings such as general insurance
and life insurance products. This diversification into insurance has further
strengthened its position as a comprehensive financial services provider in the
industry.

BALANCE MAR 23 MAR 22 MAR 21 MAR 20 MAR 19

SHEET OF
BAJAJ
FINANCE (in Rs.
Cr.)
 12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND
LIABILITIES

SHAREHOLDER
'S FUNDS

Equity Share 120.89 120.66 120.32 119.99 115.37

Capital

TOTAL SHARE 120.89 120.66 120.32 119.99 115.37

CAPITAL

Reserves and 53,695.63 43,194.47 36,494.84 31,994.47 19,443.80

Surplus

TOTAL 53,695.63 43,194.47 36,494.84 31,994.47 19,443.80

RESERVES AND
SURPLUS

TOTAL 54,371.98 43,712.69 36,918.41 32,327.63 19,697.02

SHAREHOLDER
S FUNDS

Minority Interest 0.00 0.00 0.00 0.00 0.00

NON-CURRENT
LIABILITIES

Long Term 135,141.0 110,868.3 84,204.18 75,106.26 64,013.41

Borrowings 9 6

Deferred Tax 0.00 0.00 0.00 0.00 0.00

Liabilities [Net]

Other Long Term 491.02 632.30 687.06 471.26 358.06

Liabilities

Long Term 270.44 166.90 137.69 81.00 73.89

Provisions

TOTAL NON- 135,902.5 111,667.5 85,028.93 75,658.52 64,445.36

CURRENT 5 6
LIABILITIES

CURRENT
LIABILITIES

Short Term 81,549.40 54,363.56 47,441.20 54,700.17 37,574.44

Borrowings

Trade Payables 2,091.44 1,511.10 1,108.68 959.81 811.54

Other Current 1,313.30 1,250.45 1,029.65 745.00 1,704.15

Liabilities

Short Term 0.00 0.00 0.00 0.00 0.00

Provisions

TOTAL 84,954.14 57,125.11 49,579.53 56,404.98 40,090.13

CURRENT
LIABILITIES

TOTAL 275,228.6 212,505.3 171,526.8 164,391.1 124,232.5

CAPITAL AND 7 6 7 3 1
LIABILITIES

ASSETS

NON-CURRENT
ASSETS

Tangible Assets 1,676.57 1,282.58 1,041.69 1,097.26 526.51

Intangible Assets 627.78 430.45 270.74 220.46 165.06

Capital Work-In- 14.60 13.27 7.07 0.00 0.00

Progress

FIXED ASSETS 2,384.19 1,747.17 1,363.49 1,317.72 691.57

Non-Current 0.00 0.00 0.00 0.00 0.00

Investments

Deferred Tax 937.09 951.11 945.90 850.13 669.03

Assets [Net]
Long Term Loans 0.00 0.00 0.00 0.00 0.00
And Advances

Other Non- 310.59 345.44 309.83 322.94 209.43

Current Assets

TOTAL NON- 3,635.14 3,046.99 2,622.49 2,494.06 1,573.30

CURRENT
ASSETS

CURRENT
ASSETS

Current 22,751.84 12,245.54 18,396.91 17,543.90 8,599.03

Investments

Inventories 0.00 0.00 0.00 0.00 0.00

Trade 1,299.72 1,265.89 1,107.24 952.56 808.70

Receivables

Cash And Cash 4,304.52 3,680.30 2,176.18 1,382.72 348.71

Equivalents

Short Term 242,268.9 191,423.2 146,686.8 141,376.0 112,512.8

Loans And 3 5 7 5 2
Advances

OtherCurrentAss 968.52 843.39 537.18 641.84 389.95

ets

TOTAL 271,593.5 209,458.3 168,904.3 161,897.0 122,659.2

CURRENT 3 7 8 7 1
ASSETS

TOTAL ASSETS 275,228.6 212,505.3 171,526.8 164,391.1 124,232.5

7 6 7 3 1

OTHER
ADDITIONAL
INFORMATION

CONTINGENT
LIABILITIES,
COMMITMENTS

Contingent 9,584.92 7,649.54 5,238.82 5,403.65 2,143.89

Liabilities

BONUS
DETAILS

Bonus Equity 53.87 53.87 53.87 53.87 53.87

Share Capital

NON-CURRENT
INVESTMENTS

Non-Current 0.00 0.00 0.00 0.00 0.00

Investments
Quoted Market
Value

Non-Current 0.00 0.00 0.00 0.00 0.00

Investments
Unquoted Book
Value

CURRENT
INVESTMENTS

Current 0.00 0.00 0.00 0.00 0.00

Investments
Quoted Market
Value

Current 22,751.84 12,245.54 18,396.91 17,543.90 8,599.03

Investments
Unquoted Book
Value