Resolution No. JPRF-G-2024-0112 Approves the Budget of the Bank of the Ecuadorian Social Security Institute for the 2024 Fiscal Year

Address: Av. Amazonas between Pereira and Unión Nacional de Periodistas Government Financial Management Platform. Red Block, 8th floor
| Postal Code: 170507 | Quito - Ecuador |
Resolution No. JPRF-G-2024-0112
THE FINANCIAL POLICY AND REGULATION BOARD
CONSIDERING:
That, Article 226 of the Constitution of the Republic of Ecuador establishes that "state institutions, their agencies, dependencies, public servants, and persons acting by virtue of state authority shall exercise only the competencies and powers attributed to them in the Constitution and the law. They shall have the duty to coordinate actions for the fulfillment of their purposes and to make effective the enjoyment and exercise of rights recognized in the Constitution.";

That, Article 309 of the Fundamental Norm stipulates that entities of the national financial system shall be responsible for preserving their "security, stability, transparency, and solidity";

That, Article 310 of the Magna Carta orders that: "The public financial sector shall have as its purpose the sustainable, efficient, accessible, and equitable provision of financial services. The credit it grants shall be oriented preferentially to increase the productivity and competitiveness of productive sectors that allow achieving the objectives of the Development Plan and of the less favored groups, in order to promote their active inclusion in the economy.";

That, Article 13 of the Organic Monetary and Financial Code, Book I, created the Financial Policy and Regulation Board as part of the Executive Function, responsible for the formulation of credit, financial, securities, insurance, and prepaid health service regulation policy;

That, Article 14.1, number 14, letter a of the Organic Monetary and Financial Code, Book I, states that it is a faculty of the Financial Policy and Regulation Board: "a. Annually approve the budget of public sector financial entities, their reforms, as well as regulate their execution";

That, by Resolution No. JPRF-G-2023-059 of January 13, 2023, the Financial Policy and Regulation Board approved the budget for the 2023 fiscal year of the Bank of the Ecuadorian Social Security Institute;

That, by Resolution No. JPRF-F-2024-099 of February 29, 2024, the Financial Policy and Regulation Board reformed the norm approving the budgets of public financial entities contained in Subsection I "Budget Management Norms for Entities of the Public Financial Sector", Section III "Of the Public Financial Sector Capital Budget", Chapter XXXIII "Of the Government and Administration of the Public Financial Sector", Title II "National Financial System", Book I "Monetary and Financial System" of the Codification of Monetary, Financial, Securities, and Insurance Resolutions;

That, the Sole Transitional Provision of Resolution No. JPRF-F-2024-099 establishes that, for the approval of budget proformas corresponding to the year 2024, public sector financial entities must remit to the Financial Policy and Regulation Board, on this single occasion, by April 30, 2024, the budgets approved by the corresponding government and administration bodies;

That, by Letter No. BIESS-GGEN-2024-0516-OF of April 17, 2024, the General Manager of the Bank of the Ecuadorian Social Security Institute remits to the Financial Policy and Regulation Board "the Budget Proforma of the Bank of the Ecuadorian Social Security Institute, BIESS, corresponding to the year 2024, and its supporting documents, so that they may be known and approved by the collegiate body (...)";

That, the Acting Technical Secretary of the Financial Policy and Regulation Board, through Memorandum No. JPRF-ST-2024-0070-M of June 21, 2024, sends to the President of the Board the Technical Report No. JPRF-CTIFSP-2024-0012 of June 19, 2024 and the Legal Report No. JPRF-CJF-2024-030 of June 20, 2024, as well as the respective draft resolution;

That, the Financial Policy and Regulation Board, in an ordinary session held by technological means, convened on June 21, 2024 and carried out via video conference on June 24, 2024, reviewed the Memorandum No. JPRF-ST-2024-0070-M of June 21, 2024, issued by the Acting Technical Secretary of the Board; as well as the Technical Report No. JPRF-CTIFSP-2024-0012 of June 19, 2024 and the Legal Report No. JPRF-CJF-2024-030 of June 20, 2024, issued by the Technical Coordination of Policy and Regulation of Financial Inclusion and Prepaid Health and by the Legal Coordination of Policy and Financial Norms, and the corresponding draft resolution;

That, the Financial Policy and Regulation Board, in an ordinary session held by technological means, convened on June 21, 2024 and carried out via video conference on June 24, 2024, reviewed and approved the following Resolution; and,

In exercise of its functions,
RESOLVES:
ARTICLE SOLE.- Approve the budget of the Bank of the Ecuadorian Social Security Institute for the fiscal year 2024, which covers from January 1, 2024 to December 31, 2024, under the terms indicated by the General Manager in Letter No. BIESS-GGEN-2024-0516-OF of April 17, 2024, which are derived from the Annex that forms part of this Resolution.

GENERAL PROVISIONS
FIRST.- The Bank of the Ecuadorian Social Security Institute must comply with what is established in Article 13 of the "Budget Management Norm for Entities of the Public Financial Sector", of Section III "Of the Public Financial Sector Capital Budget", of Chapter XXXIII "Of the Government and Administration of the Public Financial Sector", of Title II "National Financial System", of Book I "Monetary and Financial System" of the Codification of Monetary, Financial, Securities, and Insurance Resolutions, regarding the control of budget execution.

SECOND.- It is ordered that the Bank of the Ecuadorian Social Security Institute remit the approved budget for the fiscal year 2024 to the Ministry of Economy and Finance and to the National Assembly within a term of 30 days, counted from the issuance of this Resolution, in compliance with what is provided in Articles 112 of the Organic Code of Public Planning and Public Finances and 94 of its General Regulation.

FINAL PROVISION.- This Resolution shall enter into force from the present date, without prejudice to its publication in the Official Register, and shall be published on the institutional website of the Financial Policy and Regulation Board within a maximum term of two days from its issuance.

NOTIFY.- Given in the Metropolitan District of Quito, on June 24, 2024.

Resolution No. JPRF-G-2024-0112

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Address: Av. Amazonas between Pereira and Unión Nacional de Periodistas Government Financial Management Platform. Red Block, 8th floor
| Postal Code: 170507 | Quito - Ecuador |
THE PRESIDENT,
Mgs. María Paulina Vela Zambrano
The resolution preceding this was processed and signed by Magister María Paulina Vela Zambrano, President of the Financial Policy and Regulation Board, in the Metropolitan District of Quito, on June 24, 2024.- I CERTIFY. ACTING TECHNICAL SECRETARY Mgs. Luis Alfredo Olivares Murillo

Resolution No. JPRF-G-2024-0112

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Address: Av. Amazonas between Pereira and Unión Nacional de Periodistas Government Financial Management Platform. Red Block, 8th floor
| Postal Code: 170507 | Quito - Ecuador |
CONCEPT
BUDGET
EXECUTED
DECEMBER 2019
BUDGET
EXECUTED
DECEMBER 2020
BUDGET
EXECUTED
DECEMBER 2021
BUDGET
EXECUTED
DECEMBER 2022
BUDGET
APPROVED 2023
BUDGET
CODIFIED 2023
BUDGET
EXECUTED
2023
PROFORMA 2024
VARIATION
CODIFIED 2023 vs
PROFORMA 2024
(USD)
VARIATION
CODIFIED 2023
VS PROFORMA
2024 (%)
I. ADMINISTRATIVE BUDGET
ORDINARY INCOME 27,939,923.67 25,039,824.86 24,344,517.00 24,789,807.59 38,000,000.00 38,000,000.00 26,492,226.52 37,720,900.00 -279,100.00 -1% IESS TRANSFERS 27,939,923.67 25,039,824.86 24,344,517.00 24,789,807.59 38,000,000.00 38,000,000.00 26,492,226.52 37,720,900.00 -279,100.00 -1% ORDINARY EXPENDITURE 27,939,923.67 25,039,824.86 24,344,517.00 24,789,807.59 38,000,000.00 38,000,000.00 25,277,110.97 37,720,900.00 - -1% PERSONNEL EXPENSES 15,329,991.45 13,540,500.52 13,959,900.16 15,031,508.00 17,995,332.46 17,995,332.46 15,221,052.67 19,147,450.34 1,152,117.88 6% UNIFIED REMUNERATIONS 5,511,506.19 4,836,525.84 4,496,408.60 4,706,137.68 10,169,143.20 7,608,976.05 6,089,248.22 9,524,484.00 1,915,507.95 25% UNIFIED SALARIES 284,218.62 285,019.00 273,404.96 265,965.80 279,636.00 279,636.00 270,408.00 270,408.00 -9,228.00 -3% INTERNSHIPS 22,093.31 20,630.77 49,065.42 33,362.96 55,592.00 55,592.00 45,111.64 84,000.00 28,408.00 51% THIRTEENTH SALARY 863,051.49 797,411.01 847,007.05 906,156.58 1,074,305.13 1,074,305.13 962,319.06 1,144,908.10 70,602.97 7% FOURTEENTH SALARY 234,794.46 222,648.56 235,975.76 264,286.70 309,720.00 315,311.82 303,593.50 368,665.00 53,353.18 17% COMPENSATION FOR RESIDENCE - 3,540.00 - 1,085.60 9,000.00 28,320.00 19,493.60 42,480.00 14,160.00 50% ASSIGNMENTS AND SUBSTITUTE POSITIONS 168,015.01 62,558.85 124,661.51 137,976.39 100,000.00 255,671.62 190,644.71 297,868.38 42,196.76 17% PER DIEMS 1,184.40 355.32 2,250.36 2,250.36 7,000.00 7,000.00 2,250.36 7,000.00 - 0% OVERTIME AND SUPPLEMENTARY HOURS 239,771.05 108,625.28 248,591.12 279,655.06 250,000.00 330,048.68 313,975.16 218,400.00 -111,648.68 -34% OCCASIONAL SERVICES BY CONTRACT 4,367,157.19 4,359,774.00 5,248,113.12 5,727,129.65 2,330,556.00 4,667,091.03 4,477,682.49 3,944,005.20 -723,085.83 -15% PROFESSIONAL SERVICES BY CONTRACT 292,641.57 318,406.58 335,608.76 235,178.03 420,000.00 420,000.00 203,710.22 60,000.00 -360,000.00 -86% EMPLOYER CONTRIBUTION 1,218,443.31 1,124,376.53 1,211,241.23 1,283,238.62 1,510,482.22 1,510,482.22 1,312,149.78 1,600,581.52 90,099.30 6% RESERVE FUNDS 701,869.30 549,150.11 657,387.39 705,451.09 1,073,875.41 1,073,875.41 728,991.24 1,144,450.14 70,574.73 7% COMPENSATION FOR DISMISSAL - 2,067.25 - - 5,000.00 5,000.00 - 5,000.00 - 0% UNUSED VACATIONS TERMINATION OF FUNCTIONS 365,442.36 338,375.23 215,287.38 296,072.48 240,000.00 203,000.00 179,671.15 186,600.00 -16,400.00 -8% EMPLOYER PENSION 286,155.90 302,611.00 14,897.50 184,375.00 68,587.50 68,587.50 67,628.75 212,400.00 143,812.50 210% OTHER LABOR INDemnities 773,647.29 208,425.19 - 3,186.00 92,435.00 92,435.00 54,174.79 36,000.00 -56,435.00 -61% FAMILY SUBSIDY - - - - - - - 100.00 - SENIORITY SUBSIDY - - - - - - - 100.00 - CURRENT USE AND CONSUMPTION GOODS 10,385,028.22 7,782,855.77 7,673,274.95 6,559,261.57 14,587,932.44 14,317,471.58 6,946,722.74 14,463,857.08 146,385.50 1% POTABLE WATER 2,762.30 831.96 919.29 941.07 1,070.00 1,231.93 1,096.78 1,090.91 -141.02 -11% ELECTRICITY
35,786.70 22,393.92 20,168.26 28,959.77 24,166.55 28,466.55 26,677.42 21,818.33 -6,648.22 -23% TELECOMMUNICATIONS 1,364,302.44 1,146,111.45 710,369.74 1,020,645.11 857,415.00 803,367.63 538,164.94 979,691.70 176,324.07 22% MAIL SERVICE 69,674.83 20,796.38 16,006.81 26,304.50 30,500.00 33,500.00 17,868.33 33,880.00 380.00 1% PERSONNEL TRANSPORT 190,607.97 82,410.40 207,549.20 135,262.66 242,300.76 245,312.90 121,384.94 231,071.51 -14,241.39 -6% FREIGHT AND HANDLING - 1,360.10 2,893.04 4.30 8,600.00 8,600.00 116.30 5,780.00 -2,820.00 -33% EDITION, PRINTING, REPRODUCTION AND PUBLICATIONS 106,481.66 97,711.99 3,271.64 45,467.65 374,202.65 494,659.61 130,868.35 246,883.50 -247,776.11 -50% DISSEMINATION, INFORMATION AND PUBLICITY 162,718.28 324,163.55 551,174.40 211,964.48 1,313,832.00 1,072,400.00 257,775.84 901,018.00 -171,382.00 -16% SECURITY AND SURVEILLANCE SERVICE 1,179,555.69 1,119,296.52 980,787.82 839,201.07 635,126.62 1,019,582.34 1,016,829.22 801,224.36 -218,357.98 -21% CLEANING SERVICE 186,627.47 116,461.44 144,894.18 105,677.83 127,052.78 154,505.02 129,317.24 153,686.71 -818.31 -1% SPECIALIZED TECHNICAL SERVICE 1,493,706.90 1,005,319.38 1,071,343.85 836,596.86 1,903,595.47 2,341,864.60 749,192.30 2,967,334.93 625,470.33 27% DAYCARE SERVICE - - - - 10,000.00 50,000.00 9,086.10 84,000.00 34,000.00 68% OTHER GENERAL SERVICES 23,766.61 18,339.20 7,193.91 1,972.95 16,465.00 12,465.00 8,435.77 30,600.00 18,135.00 145% TRAVEL WITHIN THE COUNTRY 150,573.01 60,578.67 16,531.55 88,769.37 184,100.00 165,130.15 129,212.75 182,801.78 17,671.63 11% TRAVEL ABROAD 2,348.40 2,511.06 - - 11,000.00 7,500.00 - 5,000.00 -2,500.00 -33% PER DIEMS AND SUBSISTENCE WITHIN THE COUNTRY 129,208.64 85,464.60 121,147.74 173,590.61 126,000.00 203,000.00 161,124.67 161,647.49 -41,352.51 -20% PER DIEMS AND SUBSISTENCE ABROAD 3,850.88 4,400.00 1,400.00 - 3,000.00 43,000.00 - 5,000.00 -38,000.00 -88% INSTALLATION, MAINT. AND REPAIR. BUILDINGS, PREMISES AND RESIDENCES 358,746.25 705,881.24 250,525.17 557,642.77 411,000.00 462,064.17 450,871.79 544,154.02 82,089.85 18% INSTALLATION, MAINTENANCE AND REPAIR OF FURNITURE 10,193.64 127.12 10,804.18 7,292.00 22,435.80 16,307.80 7,430.80 70,872.00 54,564.20 335% INSTALLATION, MAINT. AND REPAIR. MACHINERY AND EQUIPMENT 15,378.08 26,472.17 37,860.95 32,220.65 145,931.89 83,231.89 17,827.66 104,086.21 20,854.32 25% INSTALLATION, MAINT. AND REPAIR. VEHICLES 38,225.58 12,375.01 30,433.00 10,662.15 75,691.48 108,691.48 19,343.76 217,755.35 109,063.87 100% LEASE OF BUILDINGS, PREMISES AND RESIDENCES 1,117,930.50 756,617.55 723,948.94 783,390.75 1,218,760.27 894,258.68 726,279.26 217,831.44 -676,427.24 -76% OTHER LEASES 50,000.00 - - - - - - - - - CONSULTANCY, ADVISORY AND SPECIALIZED RESEARCH 251,125.46 40,432.00 122,416.00 13,440.00 1,262,345.36 834,831.82 136,640.00 580,533.38 -254,298.44 -30% AUDIT SERVICE 448,000.00 221,600.00 224,000.00 224,000.00 286,609.68 272,000.00 200,480.00 276,280.00 4,280.00 2% TRAINING SERVICES 31,907.96
11,295.20 - - 93,400.00 91,400.00 - 139,800.00 48,400.00 53% LEASE AND LICENSES FOR USE AND SOFTWARE PACKAGES 911,010.51 635,607.77 1,326,583.24 857,326.40 554,537.60 1,947,985.60 1,426,642.56 1,283,803.20 -664,182.40 -34% LEASE OF COMPUTER EQUIPMENT 1,118,574.41 - - - - - - - - - SPARE PARTS AND ACCESSORIES FOR COMPUTER EQUIPMENT 7,319.20 7,912.88 - 19,531.72 38,938.00 34,356.00 14,372.96 22,656.00 -11,700.00 -34% TECHNOLOGICAL SERVICES 831,447.79 1,131,378.53 995,159.40 456,472.13 4,376,939.64 2,504,867.48 548,365.06 3,814,726.84 1,309,859.36 52% FOOD AND BEVERAGES 18,121.14 27,815.56 31,146.66 29,488.00 39,540.00 39,540.00 30,716.80 43,644.70 4,104.70 10% CLOTHING AND PROTECTIVE GEAR - 15,171.07 - 1,146.83 - 140,800.00 8,306.14 154,500.00 13,700.00 10% FUELS AND LUBRICANTS 32,269.92 14,492.58 24,358.09 26,002.43 29,975.89 29,975.89 21,990.95 37,266.21 7,290.32 24% OFFICE MATERIAL 27,994.84 26,989.93 8,151.52 3,449.84 113,800.00 113,800.00 19,678.74 15,200.00 -98,600.00 -87% CLEANING MATERIALS 4,535.08 16,320.76 4,591.20 2,807.28 7,600.00 7,800.00 - 14,000.00 6,200.00 79% CONSTRUCTION, ELECTRICAL, PLUMBING AND CARPENTRY MATERIALS 4,328.31 5,602.50 6,266.65 10,509.09 11,500.00 11,500.00 2,498.80 14,368.51 2,868.51 25% MINOR INSTRUMENTAL - 3,518.59 - - 7,000.00 7,000.00 6,106.32 13,000.00 6,000.00 86% MEDICINES AND PHARMACEUTICAL PRODUCTS - - - 3,510.30 7,000.00 7,000.00 6,131.90 6,000.00 -1,000.00 -14% OTHER CURRENT USE AND CONSUMPTION 5,947.77 15,094.69 21,378.52 5,011.00 16,500.00 25,475.04 5,888.29 80,850.00 55,374.96 217% OTHER CURRENT EXPENSES 2,104,489.38 2,316,621.05 2,186,072.18 2,814,475.03 2,644,225.85 2,914,686.71 2,570,820.13 2,187,941.26 -726,745.45 -25% PACKAGE, DOCUMENT AND CARGO SHIPPING SERVICES - - - - - - - 4,500.00 4,500.00 - OTHER TAXES, FEES AND CONTRIBUTIONS 1,803,632.06 2,133,615.31 1,951,414.63 2,599,522.28 2,302,234.19 2,419,434.19 2,393,109.44 1,785,847.96 -633,586.23 -26% INSURANCE 171,687.43 163,371.13 186,148.54 163,002.19 81,096.81 259,584.16 135,358.30 295,971.70 36,387.54 14% COMMISSIONS AND BANKING SERVICES 6,745.57 3,523.49 2,824.88 1,645.72 2,400.00 2,400.00 1,732.92 2,400.00 - 0% COURT COSTS 122,424.32 16,111.12 45,684.13 50,304.84 225,094.85 233,268.36 40,619.47 99,221.60 -134,046.76 -57% CLEANING, WASHING, WORK CLOTHING, FUMIGATION, DISINFECTION AND CLEANING OF PUBLIC SECTOR INSTALLATIONS SERVICE - - - - 200.00 - - - - - UNIFORMS, LINEN, PROTECTIVE GEAR - - - - 33,000.00 - - - - - CLEANING MATERIALS - - - - 200.00 - - - - - LONG-TERM ASSETS 120,414.62 1,399,847.52 525,269.71 384,562.99 2,772,509.25 2,772,509.25 538,515.43 1,921,651.32 -850,857.93 -31% FURNITURE 42,712.45 - 6,040.05 - 157,500.00 157,500.00 - 158,850.00 1,350.00 1% OFFICE MACHINERY AND EQUIPMENT 68,763.74 12,461.12 58,768.06 25,814.19 326,800.00 307,219.98 - 125,306.80 -181,913.18 -59% VEHICLES - - - - 55,000.00 167,880.02 - 283,749.99 115,869.97 69% EQUIPMENT, SYSTEMS AND SOFTWARE PACKAGES 8,938.43 1,387,386.40 460,461.60 358,748.80
2,233,209.25 2,139,909.25 538,515.43 1,353,744.53 -786,164.72 -37% ADMINISTRATIVE SURPLUS (+) DEFICIT (-) - - - - - - 1,215,115.55 - - - TOTALS 27,939,923.67 25,039,824.86 24,344,517.00 24,789,807.59 38,000,000.00 38,000,000.00 25,277,110.97 37,720,900.00 -279,100.00 -1%
ANNEX
Institutional Budget of the Bank of the Ecuadorian Social Security Institute for the 2024 Economic Year In dollars

Resolution No. JPRF-G-2024-0112

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Address: Av. Amazonas between Pereira and Unión Nacional de Periodistas Government Financial Management Platform. Red Block, 8th floor
| Postal Code: 170507 | Quito - Ecuador |
Source: BIESS
CONCEPT
BUDGET
EXECUTED DECEMBER 2019
BUDGET
EXECUTED DECEMBER 2020
BUDGET
EXECUTED DECEMBER 2021
BUDGET
EXECUTED DECEMBER 2022
BUDGET
APPROVED 2023
BUDGET
CODIFIED 2023
BUDGET
EXECUTED
2023
PROFORMA 2024
VARIATION
CODIFIED 2023 vs
PROFORMA 2024
(USD)
VARIATION
CODIFIED 2023
VS PROFORMA
2024 (%)
II. INVESTMENT BUDGET
I. INVESTMENT INCOME 6,908,033,109.85 8,109,782,710.81 7,767,355,983.73 9,042,487,889.56 9,645,939,566.90 9,734,573,979.90 10,468,425,837.74 9,469,825,712.09 264,748,267.81 -3%
AVAILABLE FUNDS 454,699,505.85 244,118,959.15 758,518,052.47 1,084,725,685.64 1,100,000,000.00 1,100,000,000.00 836,590,197.89 824,748,134.02 275,251,865.98 -25% CAPITAL COLLECTION 4,382,395,099.03 4,935,906,365.59 4,728,041,457.47 5,106,233,003.64 6,250,691,987.19 6,250,691,987.19 7,094,755,844.13 5,886,722,268.94 363,969,718.25 -6% PUBLIC SECTOR FIXED INCOME DEBT INVESTMENTS 1,338,449,050.88 1,477,826,299.16 1,340,536,182.80 1,453,982,622.82 1,559,685,932.00 1,559,685,932.00 1,806,596,335.23 1,310,063,612.21 249,622,319.79 -16% PRIVATE SECTOR FIXED INCOME DEBT INVESTMENTS 32,984,284.04 300,580,668.72 39,850,996.41 87,689,252.27 473,893,085.00 473,893,085.00 1,024,318,261.18 414,317,031.05 59,576,053.95 -13% PRIVATE SECTOR VARIABLE INCOME CAPITAL INVESTMENTS - - - - - - - - - - OWN INVESTMENTS 2,980,152,400.49 3,121,789,921.78 3,309,338,916.45 3,564,561,128.55 4,184,421,042.62 4,184,421,042.62 4,249,363,258.74 4,134,672,605.58 49,748,437.04 -1% Mortgage Loans 467,869,816.05 447,417,378.57 506,778,342.04 509,850,002.41 583,393,199.51 583,393,199.51 632,810,280.37 557,516,280.59 25,876,918.91 -4% Unsecured Loans 2,385,218,451.80 2,580,491,979.72 2,701,813,502.53 2,956,747,721.22 3,498,112,369.12 3,498,112,369.12 3,519,983,354.95 3,480,168,914.62 17,943,454.50 -1% Pledge Loans 127,064,132.64 93,880,563.49 100,747,071.88 97,963,404.92 102,915,473.99 102,915,473.99 96,569,623.42 96,987,410.36 5,928,063.63 -6% TRUSTS 30,809,363.62 35,709,475.93 38,315,361.81 - 32,691,927.57 32,691,927.57 14,477,988.98 27,669,020.10 5,022,907.47 -15% IESS TRANSFERS - EXCESSES 592,000,000.00 1,269,197,363.61 553,800,000.00 1,026,593,618.82 397,250,000.00 485,884,413.00 553,400,000.00 235,900,000.00 249,984,413.00 -51% YIELD COLLECTION 1,478,938,504.97 1,660,560,022.46 1,726,996,473.79 1,824,935,581.46 1,897,997,579.71 1,897,997,579.71 1,983,679,795.72 2,059,248,057.61 -161,250,477.90 8% PUBLIC SECTOR FIXED INCOME DEBT INVESTMENTS 448,085,419.98 604,783,574.96 660,000,951.76 684,303,353.46 682,489,096.00 682,489,096.00 754,107,748.60 786,377,968.86 -103,888,872.86 15% PRIVATE SECTOR FIXED INCOME DEBT INVESTMENTS 7,746,990.41 17,944,620.73 12,773,913.35 12,752,696.59 20,845,391.00 20,845,391.00 54,782,542.96 25,119,755.81 -4,274,364.81 21% OWN INVESTMENTS 991,668,887.85 1,008,005,617.89 1,027,274,184.78 1,104,339,104.61 1,180,570,747.51 1,180,570,747.51 1,158,328,658.47 1,226,251,039.25 -45,680,291.74 4% Mortgage Loans 564,089,182.62 533,987,625.74 536,415,701.96 544,912,528.49 557,501,431.93 557,501,431.93 538,527,788.81 553,060,798.10 4,440,633.83 -1% Unsecured Loans 416,191,472.88 464,905,791.47 481,519,475.29 547,669,367.00 607,380,921.80 607,380,921.80 609,225,178.36 661,146,166.21 -53,765,244.41 9% Pledge Loans 11,388,232.35 9,112,200.68 9,339,007.53 11,757,209.12 15,688,393.79 15,688,393.79 10,575,691.30 12,044,074.95 3,644,318.84 -23% TRUST YIELDS 23,316,290.73 22,382,416.77 18,701,722.33 16,144,627.89 14,092,345.20 14,092,345.20 7,504,564.82 12,245,941.16
1,846,404.04 -13% SHARE YIELDS 8,120,916.00 7,443,792.11 8,245,701.57 7,395,798.91 - - 8,956,280.87 9,253,352.53 -9,253,352.53 - OTHER SOURCES OF FINANCING - - - - - - - 463,207,251.52 -463,207,251.52 -
II. INVESTMENT EXPENDITURE 6,260,090,635.18 7,655,577,983.05 6,605,361,478.01 8,207,238,181.89 9,645,939,566.90 9,734,573,979.90 9,629,250,412.72 9,469,825,712.09 264,748,267.81 -3%
NON-OWN INVESTMENTS 2,175,827,023.78 2,728,816,735.40 1,288,677,512.88 3,264,340,737.94 3,897,166,035.00 3,209,819,779.33 3,107,319,779.26 3,706,000,000.00 -496,180,220.67 15% PUBLIC SECTOR FIXED INCOME DEBT INVESTMENTS 1,806,094,651.94 2,518,435,429.34 1,098,588,721.93 2,540,662,759.29 2,397,166,035.00 2,357,312,057.33 2,357,312,057.33 3,000,000,000.00 -642,687,942.67 27% PRIVATE SECTOR FIXED INCOME DEBT INVESTMENTS 369,732,371.84 210,381,306.06 190,088,790.95 723,677,978.65 1,500,000,000.00 852,507,722.00 750,007,721.93 706,000,000.00 146,507,722.00 -17% PRIVATE SECTOR VARIABLE INCOME CAPITAL INVESTMENTS - - - - - - - - - - OWN INVESTMENTS 3,667,743,995.07 3,218,901,790.17 3,630,885,571.69 4,647,654,485.32 4,899,894,706.05 4,654,821,567.90 4,654,745,491.23 5,291,447,786.00 -636,626,218.10 14% Mortgage Loans 610,615,134.40 396,790,783.76 597,291,031.84 610,136,048.02 764,331,444.82 587,801,323.42 587,775,653.69 650,840,811.00 -63,039,487.58 11% Unsecured Loans 2,928,688,669.00 2,737,366,224.55 2,934,112,589.92 3,940,033,649.09 4,025,064,382.31 3,968,174,331.56 3,968,127,812.07 4,507,000,000.00 -538,825,668.44 14% Pledge Loans 128,440,191.67 84,744,781.86 99,481,949.93 97,484,788.21 110,498,878.92 98,845,912.92 98,842,025