Business
Report and accounts year ended 31 Dec 2010
Report and accounts year ended 31 Dec 2010.
About this update from Manx Financial Group Plc
[{"type":"text","content":"\n \nRNS Number : 8537D Manx Financial Group PLC 29 March 2011 \n \n\nFOR IMMEDIATE RELEASE 29 March 2011\n \n \nManx Financial Group PLC (the 'Company')\n \nReport and accounts for the year ended 31 December 2010\n \n \nManx Financial Group PLC (LSE: MFX), the financial services Group which includes Conister Bank Limited, Conister Card Services Limited, Edgewater Associates Limited and ECF Asset Finance Plc presents its final results for the year ended 31 December 2010.\n \nThe 2010 Audited Annual Report and Accounts will be posted to shareholders shortly and are available from the Company's website www.mfg.im.\n \n \nFinancial Highlights\n \nMFG - the Holding Company:\n· Financial performance improved by £2.4 million, 92.3% \n· Total equity increased by 41.0% to £8.6 million (2009: £6.1 million) \n· Total assets increased by 13.5% to £64.6 million (2009: £56.9 million) \n· £3.6 million of new capital and long term loans raised with £0.5 million of more expensive debt retired\n· Completed two strategic acquisitions in 2010 \n \n \nConister Bank Limited:\n· Recorded a profit of £1.0 million (2009: a loss of £1.2 million) \n· Lent balances increased by 29.8% to £48.8 million (2009: £37.6 million) \n· Deposits grew by 6.5% to £52.7 million (2009: £49.5 million) and cost of funds reduced \n \n \nConister Card Services Limited:\n \n· Record financial performance by posting a profit of £0.1 million (2009: a loss of £0.4 ...