t'jelle Bank Financial Statement: 2.9K Gold Profit!

Day 904, 17:33 • Published in USA USA • by AidenAstrup

t'jelle (TJ😎 established its monthly financial period on the 12th of every month. We store information daily, but in order to have a better understanding of our financial standing, we compile a spreadsheet that holds financial data from every month.

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Reorganiztion

It has officially been decided after long discussion with both AidenAstrup and Sebastian to begin to implementing a massvive restructuring of what is currently t'jelle Bank. Right now the difference between our banking division, ERX and what people invest in is becoming very blurry and leads to confusion for not just our clients and investors, but us as well.

In order to clear up that confusion and create a more efficient corporation, we have begun to completely split the divisions of t'jelle Bank into clear and concise departments. Investors will no longer be investing their money in t'jelle Bank, but will rather invest in our holdings company: t'jelle Corp. t'jelle will have full ownership over ERX and t'jelle Bank. This will allow us to oversee the profitability and growth of each company indivudally, rather than as a whole, which is what we currently do.

This change is extremely important as it is now becoming apparent that ERX is becoming the largest part of our business and it cannot be put onto t'jelle Bank's sheets as if it were simply an asset.

This change begins immeditely. We have already split the companies and our next financial statement will contain the presice financial details of:

    [li]t'jelle as a whole[/li]
    [li]t'jelle Bank[/li]
    [li]ERX[/li]
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Financial Statement

Deposits: 11,693.35 Gold
Reserves (Gold that can be spent freely): 5,028.98 Gold
t'jelle Bank Value (Holdings, Assets, and Value of Deposits): 19,519.33 Gold
Holdings+Assets: 16,198.59 Gold
Non-Interest Accruing (NIA) Gol😛 6,303.75 Gold
Revenue: 2355.35 Gold

Deposits: +993.84
Reserves: +2940.34 (1,250 is being issued in dividends momentarily, it has not been counted in this one section.)
Value: +1915.18
H+A: +1640.6
NIA: +3105.34

While our reserves did not increase as much as last month, we actually made more money. Our revenue increased to 3,105 this month up from 2,800 in April. However, we used some of this money to:
    [li]Pay April's dividends[/li]
    [li]Give campaign contributions[/li]
    [li]Markdown loan value[/li]
    [li]Give campaign contribution[/li]


Our campaign contributions were directly linked to the advancement of t'jelle and have already succeeded in allowing us to operate in a healthy and productive manner.

t'jelle Bank marked down 750G worth of loans this month after default rates increased for the second month in a row. While this is slightly troubling, it will quickly reverse once V2 is released and our reserves are capable of softening the blow.

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Country Negotiations

(This is a new section devoted to our connections and deals with various countries)

Japan
t'jelle Bank issued a 2,000G credit line to Japan for reasons which we cannot currently disclose. If utilized the credit line would turn into a two month loan at 7% interest monthly.

Ireland
t'jelle Bank is currently discussing a large deposit from Ireland. The details are not fully developed nor have we agreed to any specific details. We are still discussing internally the benefits of such a deal.

USA
The US issued war bonds that almost exclusively were released through ERX. We are also currently discussing various Federal Reserve rates.

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Corporate Risk Statement

As prices across all industries continue to fall, it is becoming more difficult for our borrowers to pay back their loans. If prices continue to fall and profits begin to dwindle, it may become impossible for our borrowers to pay back their loans in full, requiring us to mark down the value of our assets that come from loans.

If more than one of our vaults were banned, we could face serious financial problems resulting from the loss of capital.

If investor confidence was lost, resulting in a decrease in spending on ERX or saving in t'jelle Bank, we could face a decline in our profits.

If one of our employees decided to quit unexpectedly, we could face a huge backlog and lose customer loyalty and respect.

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t'jelle Bank Information

Depositors: 246
Average Deposit: 95.06 Gold
Monthly Interest Due: 576.26 Gold

Asset Information

Loans: 2,420.94 Gold
Federal Reserve: 5424.18 Gold
Gold In Vaults: 6303.75 Gold

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ERX Information

Gold In ERX Accounts: 15,325.55 Gold / +1,885.91
Profit Made (As of 4/7): 2441.35 Gold / +1484.7
Total Users: 8,418 / +3,538