RegAlertReport · BON · 2 Nov 1998
Bank of Namibia Minimum Local Assets Statement
The Bank of Namibia issued this statement to report its consolidated financial position as of 30 September 1998, recording total assets and liabilities at N$1.509 billion. The balance sheet details key components, including N$507 million in currency circulation and N$283 million in government deposits, offset by over N$1.34 billion in external investments and N$31 million in domestic loans. This disclosure fulfills the central bank's statutory requirement to publish monthly asset and liability statements, providing transparent oversight of its minimum local assets and reserve allocations.
GOVERNMENT GAZETTE
OF THE
REPUBLIC OF NAMIBIA
N$2.83 WINDHOEK - 2 November 1998 No. 1982
CONTENTS
| Page | ||
|---|---|---|
| GOVERNMENT NOTICES | ||
| No. 264 | Recognition of approved society: The Institute of Land Surveyors of Namibia ... | 2 |
| No. 265 | Carriage by Air Act, 1946: Conversion of sums of francs into Namibian currency ................................................................................................................. | 2 |
| No. 266 | Proposal that a portion of main road 44 be proclaimed: District of Swakopmund: Erongo Region ................................................................................. | 3 |
| No. 267 | Declaration of Hentiesbaai (Extension 8) to be an approved township ................. | 5 |
| GENERAL NOTICES | ||
| No. 258 | Municipality of Karasburg: Amendment of Electricity Supply Regulations ........ | 7 |
| No. 259 | Municipality of Karasburg: Amendment of Sanitary Regulations .......................... | 8 |
| No. 260 | Municipality of Karasburg: Amendment of Water Supply Regulations ............... | 8 |
| No. 261 | Municipality of Otavi: Amendment of Electricity Supply Regulations ................. | 9 |
| No. 262 | Municipality of Otavi: Amendment of Health Regulations ..................................... | 9 |
| No. 263 | Municipality of Otavi: Amendment of Water Supply Regulations ........................ | 10 |
| No. 264 | Municipality of Otavi: Levying of rates on rateable property ................................ | 10 |
| No. 265 | City of Windhoek: Permanent closing of Herbst Street/Mission Road intersection, as streets ............................................................................................. | 10 |
| No. 266 | City of Windhoek: Permanent closing of portion A of erf 2475, Cathy Street, Klein Windhoek, as a public open space ............................................................. | 11 |
| No. 267 | City of Windhoek: Permanent closing of portion B of erf R/403, Sodaliet Street, Eros Park, as a public open space ............................................................. | 11 |
| No. 268 | Oshakati Town Council: Tariff Structure for 1998/1999 .......................................... | 12 |
No. 1982 Government Gazette 2 November 1998 19
BANK OF NAMIBIA
No. 270 1998
STATEMENT OF ASSETS AND LIABILITIES
AS AT CLOSE OF BUSINESS ON 30 SEPTEMBER 1998
| 30-09-1998 | 31-08-1998 | |
|---|---|---|
| LIABILITIES | N$ | N$ |
| Share Capital | 40,000,000 | 40,000,000 |
| General Reserve | 52,087,531 | 52,087,531 |
| Revaluation Reserve | 360,879,329 | 435,640,236 |
| Special Reserve | 2,535,000 | 2,535,000 |
| Building Reserve | 65,933,292 | 65,933,292 |
| Currency in Circulation | 507,181,553 | 512,434,353 |
| Deposits: Government | 283,392,492 | 495,357,279 |
| Bankers - Reserve | 75,763,040 | 74,463,166 |
| - Current | 976 | 311,070 |
| - Call | 6,000,000 | 95,000 |
| Other | 31,959,474 | 35,201,604 |
| Other Liabilities | 83,484,830 | 77,764,739 |
| 1,509,217,517 | 1,791,823,270 | |
| ASSETS | ||
| External: | ||
| Rand Cash | 4,145,558 | 8,610,897 |
| I M F - Special Drawing Rights | 113,095 | 116,196 |
| Investments - Rand Currency | 333,710,329 | 516,732,823 |
| - Other Currency | 1,006,609,598 | 1,112,118,152 |
| - Interest Accrued | 13,954,501 | 8,482,358 |
| Domestic: | ||
| Currency Inventory Account | 4,873,987 | 5,081,978 |
| Loans and advances | 31,076,622 | 30,821,921 |
| Fixed Assets | 111,175,738 | 106,811,732 |
| Other Assets | 3,558,089 | 3,047,213 |
| 1,509,217,517 | 1,791,823,270 |
T. ALWEENDO
GOVERNOR
U DAVIDS
CHIEF FINANCIAL OFFICER
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