Private Sector Investment Survey 2010

Private Sector Investment Survey (PSIS) 2010
QUESTIONNAIRE
To coordinate the
development and
maintenance of a National
Statistical System
To foster price stability and a
sound financial system
To promote and facilitate
investment projects, provide
serviced land, and advocate for a
competitive business environment
FOR COMMERCIAL BANKS ONLY
Please help us monitor economic development and
formulate better policies.
AUGUST 2010
Private Sector Investment Survey (PSIS) 2010
A.
Background
1. Introduction:
Bank of Uganda (BOU), in conjunction with Uganda Bureau of Statistics (UBOS) and Uganda
Investment Authority (UIA), are conducting the ninth survey on Private Sector Investment in
Uganda. The survey will collect data on private capital, which includes stocks and flows
(transactions) for the calendar years 2008 and 2009 and Investor Perceptions for the year 2010.
The results of the previous eight surveys; Private Capital Flows Survey (PCF) 2001, Private
Sector Investment Survey (PSIS) 2003, Foreign Private Capital (FPC) 2004, PSIS 2005 FPC
2006, PSIS 2007, PSIS 2008 and PSIS 2009 can be accessed from the following websites:
http://www.bou.or.ug, http://www.ugandainvest.com and http://www.ubos.org; or by
obtaining hard copies from the following; Director, Statistics Department, BOU; Executive
Director, UIA; and Executive Director UBOS.
2. How do you benefit?
Uganda has actively promoted the private sector as an engine of economic growth and
development. The private sector continues to benefit from the overall macroeconomic stability
resulting from formulation of appropriate domestic and external sector policies. However,
information for formulating national macroeconomic policies requires accurate data from the
private sector, which can only be obtained through administrative sources and regular surveys.
The regular PSIS are intended to fill this information gap by:
• Collecting vital information from the private entities on each sector’s performance in the
economy.
• Availing to the public and policymakers information in aggregate form for research and
informed/prudent decision-making.
• Facilitating effective planning and policies formulation, which benefit both the public
and private sectors.
• Enhancing dialogue and cooperation between the public and private sectors.
It is important to note that conducting the surveys jointly under the Working Group arrangement
caters for the data requirements of all stakeholder institutions, thus; reduces respondents’ fatigue
and maximises the use of available resources.
3. Why do we need to collect this information?
i)
Following the enactment of the Investment Code 1991 and the freeing of the current and
capital accounts in 1993 and 1997 respectively, both the domestic and external sectors
were fully liberalized. As a result, private investment has increased tremendously to
benefit our country by way of economic growth and development. However, this has also
meant that the government is less able to monitor these flows for purposes of formulating
i
policies that would sustain and increase the current levels of economic growth and
development. Therefore, by quantifying inward and outward investments we assess
confidence in the economy to design policies to promote private sector investments.
ii)
Globalisation has meant that countries are more prone to external effects of market
failures arising from external shocks such as the ones that hit South East Asian economies
in the late 1990s, Latin America from 1998 to 2002 and the global financial crises 2007 2009. Such crisis can lead to foreign private capital reversal and negative consequences on
the economy. In the absence of exchange controls, there is need for timely and reliable
data on foreign assets and liabilities in order to formulate effective policies to mitigate any
potential destabilizing effects.
iii)
The information sought is essential for financial sector management and planning for
aversion of potential economic crises to foster stable and sustainable economic growth. It
is also vital in Uganda’s investment promotion, facilitation and retention efforts.
iv)
Good quality economic statistics are necessary for better decision-making and to meet
international standards and codes in reporting which include General Data Dissemination
System (GDDS)1, System of National Accounts (SNA), External Debt Guide (EDG), etc.
v)
The information is required for the compilation of Uganda’s Balance of Payments (BOP)
and the International Investment Position (IIP) statistics.
vi)
To assess how private cross border capital supplement domestic resources for investment
and provide feedback from the private entities. The feedback is critical for policy fine
tuning that benefits all stakeholders in the economy.
vii) To assess the perceptions of the private sector investors on the investment climate in
Uganda in order to evaluate the impact of the existing policies.
1
IMF (2009), Balance of Payments and International Investment Position Manual (BPM 6)
ii
B. Guidelines
1. Who should complete this questionnaire?
The Chief Executive Officer or a representative of the targeted bank shall fill the questionnaire.
2. Which parts of the questionnaire does your bank have to fill?
While the questionnaire might look long, please note that it is unlikely that all questions will be
relevant to you, and you will not need to fill them in. Please complete Part 1 and 5, which are
compulsory, and refer to the five (5) filtering questions in Table 1.13 (page 7 of 19) to identify those
questions that will be relevant to your bank in order to save your valuable time.
3. What is the Legal Mandate to collect this data?
The stakeholder institutions are empowered to collect this data by the Investment Code 1991, the
Uganda Bureau of Statistics Act. 1998 and Foreign Exchange Act. 2004. We wish to re-assure
you that all information provided by your Bank will be treated with strict confidentiality and will
only be used in aggregated statistical format for analysis and policy formulation purposes.
The interviewers and staff involved in the PSIS 2010 are under oath of secrecy not to disclose any
Bank specific information to any third party individual/bank. The data/information collected will
only be published in aggregate form.
4. Why are Financial Statements required?
Much of the information required for this survey can be obtained from your annual financial
statements for the years 2008, and 2009. Please provide a copy of your financial statements
covering calendar years 2008, and 2009 along with the duly completed questionnaire. While
this may not provide all the information we need, it may help us answer some questions we might
have, in which case we would not need to come back to you for clarifications. In case, your audited
financial statements are not ready the required data can be obtained from your bank’s interim
financial statements, working estimates or management accounts.
5. Do you need assistance?
Our interviewers are available to guide you on how to complete this questionnaire. In addition,
the following offices are open for any further inquiries or clarifications;
Title
Department/Institution
Telephone
E-mail address
Director
(Coordinator)
Statistics Department,
0414-231036
[email protected]
Deputy Director F
Commercial Banks Supervision
Department,
0414-303215
[email protected]
BANK OF UGANDA.
P.O. BOX 7120, Kampala.
BANK OF UGANDA.
iii
6. Completed questionnaire.
The questionnaire can be filled promptly with assistance from our interviewers. The duly filled
questionnaire will be collected by the interviewer or can be returned to the office of the
Director, Statistics Department, Bank of Uganda, Plot 37/43, Kampala Road, P.O. Box 7120
Kampala before or within fourteen (14) days from the date of delivery. Otherwise, the
interviewer will collect the duly filled questionnaire on the due date or earlier as agreed.
7. Will there be any feedback?
Yes! As a way of promoting dialogue we will share with you the results of this survey in
aggregate form and seek your further involvement in this exercise, as was the case in the earlier
surveys. Aggregated results will also be posted on the following websites: http://www.bou.or.ug
or http://www.ubos.org or http://www.ugandainvest.com
THANK YOU FOR YOUR CONTINUED COOPERATION
iv
PLEASE READ THE FOLLOWING INSTRUCTIONS AND DEFINITIONS BEFORE
COMPLETING THE QUESTIONNAIRE
C. Instructions
1. Part 1 and Part 5 - Should be completed by ALL respondents.
2. Reporting period
This questionnaire requests for stock position data on a calendar year basis (i.e., from 1st
January to 31st December) as at 31st December 2008 and 2009 and flows/transactions during
2009 for Parts 1, 2, 3 and 4. If your bank’s financial statements are prepared on any other
financial year basis other than on the calendar year, please take one of the following steps. If
you produce:
•
quarterly or semi-annual accounts, please consolidate these so that the data you submit is
consistent with the calendar year basis.
•
annual accounts and your reporting period is not calendar year, then please indicate this
period to us on the questionnaire and provide estimates from 1st January to 31st December,
based on your previous experience with the bank. Your best estimates, whether audited or
not, are perfectly acceptable to us.
For Investors’ Perception questions (Part 5), we request the current perception for the year
2010.
3.
Currency of reporting
Please provide all data in Uganda Shillings (UShs) except if you have foreign debts or credits
denominated in foreign currencies applicable to Parts 3 and 4.
4. Units of Reporting
Please report all data in actual amounts (to the last unit). For example, enter six million seven
hundred eighty five thousand seven hundred forty one as 6,785,741 (and not as 6.786m). Please
report all data in units (DO NOT ROUND OFF THE FIGURES).
v
D. Definitions of technical terms
This questionnaire contains technical words, which are explained below in the context in which
they are used. However, if you still encounter problems, and/or are uncertain of any terms or
questions, please do not hesitate to call or email us for clarification (please refer to contacts under
Guideline No.5, Page iii for any assistance).
1. Turnover
The turnover of the Bank recorded during 2009 is requested for in Table 1.4. These figures
reflect the bank’s total turnover inclusive of other income as recorded in the bank’s income
statement.
2. Actual employment (number of jobs)
Actual employment constitutes the number of permanent or temporary labour force employed in
a given bank as at the end of the period. The data requested for are broken down by the nature
of employment, local or foreign and by gender (sex) as shown in Table 1.5 as at 31 December
2009. Foreign employees are further disaggregated into those with short-term (less than 12
months and long-term (more than 12 months) periods of stay within Uganda.
3. Compensation of employees
Compensation of employees by a bank includes salaries and wages, fringe benefits, pension
funds, Directors’ fees and any other as requested for in Table 1.6 during 2009. Please note that,
compensation of foreign employees is required to be detailed into short-term and long-term for
BOP purposes.
4. Imports and exports
Total Imports and Exports during 2009 are requested for in Table 1.7 and require values as per
the market prices of an entity’s total imports and exports of goods and services, broken down by
imports and/or exports from/to foreign affiliates/parent entity or unrelated entity. Imports of
merchandise should be reported at Cost Insurance and Freight (CIF) value and Exports at Free
on Board (FOB) value.
5. Actual Investments
Actual investments are requested for in Table 1.8 and require book-value figures of the capital
position/stock of the bank as at 31 December 2009. These figures can be obtained from the
Bank’s audited financial statements or management accounts.
6. Corporate Social Responsibility
Corporate Social Responsibility contributions are requested for in Table 1.11 as at 31
December 2009. This information can be obtained from the bank’s audited financial statements
or management accounts. These may include donations, financing of environmental,
infrastructure, educational programs, social and community services that benefit the country.
Please do not include expenses incurred on promotional activities.
vi
7. Filtering questions
Table 1.12 consists of five (5) questions to help the respondent know which parts of the
questionnaire are relevant to a particular bank. This table should be discussed verbally and
completed by both the respondent and the interviewer during their first meeting for purposes of
guidance and saving valuable time.
8. Residency
In this questionnaire, Parts 1, 2, 3 and 4 are interested in operations between residents and nonresidents only (Residency considers the centre of the economic/business interest). You are a
resident individual or bank if you have lived or operated (or intend to live or operate) in Uganda
for a year or more, regardless of your nationality. Non-resident individuals or banks are
basically the rest of the world i.e. they have lived or operated (or intend to live or operate)
outside Uganda’s territory for a year or more (even if they are Ugandan). In Parts 2, 3 and 4, the
focus is on residency and NOT the nationality.
International Organisations (A Special Case of Residency)
International Organisations have shareholders who are governments. They are thus not
considered residents of any country, including the country in which they are located. If you have
transactions with international organisations such as the East African Development Bank
(EADB), African Development Bank (AfDB), International Finance Corporation (IFC) etc then,
for Questions in Parts 2, 3 and 4 please treat all of them as non-residents.
9. Financial Derivatives
Financial derivatives are financial instruments whose values are derived from the value of an
underlying specific financial asset or index or commodity, and through which specific financial
risks can be traded in financial markets in their own right.
10. Financial Instruments
Financial instruments consist of Equity and Non-equity
i)
Equity refers to all shares held in entities or the equivalent ownership interest in your bank.
ii) Non-equity refers to all other financial instruments including loans, trade credits (for goods
and services), bonds, debentures, notes, money market instruments, shareholder and intercompany loans, arrears of debtor interest, currency, deposits etc.
vii
11. Time of Recording of a Transaction
Transactions in financial items are recorded on the day when there is a change of ownership. So,
for instance, commitments to provide funds do not count as transactions for recording purposes
until the necessary funds have actually been disbursed. If debt is exchanged for equity or other
debt, then a transaction is recorded whereby principal is repaid and a new liability created. For
positions in financial items, ownership is considered as the key. The positions are only recorded
if the creditor owns a claim on the debtor. For other transactions, when goods are provided, a
service is paid, interest accrues, or an event occurs that creates a transfer of claim, a debt
liability is created and exists until payment is made or forgiven.
12. Dividends Declared and paid/received and Profits Remitted
This data is requested for in Table 1.10 for all entities and Table 4.1 (row 12) for entities with
foreign equity assets.
Dividends are earnings distributed to shareholders or equivalent equity holdings for
incorporated private entities, cooperatives and public corporations.
Dividend Paid/Profits remitted
Profits remitted/paid apply to branches (unincorporated entities) and dividends are declared
returns on a shareholders’ equity. The payment of the dividends may be executed in the
following financial year depending on the bank’s policy and cash flow. In practice, we find that
the dividends are declared but paid/remitted later. The survey requests for both dividends
declared and paid/remitted during 2009.
13. Net Profits and Retained (Reinvested) Earnings
Net profits are the gross profits less corporation tax. Retained (reinvested) earnings are
undistributed profits that are capitalised in the bank. Retained earnings/loss are computed by
taking the net profit/loss less dividends declared for the period. Net profit and retained earnings
are requested for in Tables 1.10 (row 1 and 4) for all entities.
14. Gains/loss from the sales of fixed assets and foreign exchange translation
Gains/losses from the sales of fixed assets and foreign exchange translation are requested for in
Table 1.9 for all entities. Gains/losses can be obtained from the bank’s income statement and
associated notes to the accounts.
15. Investment relationship
A direct investment relationship arises when an investor resident in one economy makes an
investment that gives control or a significant degree of influence on the management of an
enterprise that is resident in another economy. Control is determined to exist if the direct investor
owns more than 50 per cent of the voting power in the direct investment enterprise (also called a
subsidiary). A significant degree of influence is determined to exist if the direct investor owns from
10 to 50 percent of the voting power in the direct investment enterprise (also called associate).
Therefore, Direct Investment is defined as any ownerships stake held by a non-resident in your
Bank that is 10% or more of total equity and results into a Consolidated Direct Investment (CDI)
relationship. The control or influence of the CDI may be immediate (through ownership of voting
viii
power) or indirect (through ownership of enterprises that in turn have voting power). Ownership in
your bank by non-residents that is less than 10% of the total equity is reflected as Portfolio
Investments (PI).
However, there are other investment relationships that are also of interests. These include your bank
owning more than 10% of the total equity of an investor that in turn holds less than 10% of your
equity stake. This is referred to as reversed investments and the non-resident investing enterprise as
a Direct Investment Enterprise (DIE).
In addition the survey is interested in obtaining information about investors who have less than 10%
of your bank’s equity but are also owned by another entity that has interest in your bank. Your bank
and the investing entity with less than 10% of total equity are referred to as Fellow Enterprises (FE).
These relationships are required in Table 1.3.
16. Foreign Equity Investment
i)
Foreign Direct Equity Investment (FDEI)
This term is referred to in Tables 2.1 and 4.1. FDEI reflects having influence or control in
the management decisions by a non-resident in your bank, or by your bank in a nonresident entity (Table 4.1). For the purpose of this survey, FDEI is defined as a
shareholding of 10% or more. Therefore:
• If a non-resident holds 10% or more of the ordinary shares, voting rights or equivalent
in your bank, please complete Table 2.1
• If your bank own 10% or more of the ordinary shares, voting rights or equivalent in a
non-resident entity, please complete Table 4.1 (Column A).
ii)
Foreign Portfolio Equity Investment (FPEI)
This term is referred to in Tables 2.2 and 4.1 (Column B). FPEI refers to shareholding
either by a non-resident in your bank (Table 2.2), or by your bank in a non-resident entity
(Table 4.1 (Column B)). It does not however entail having influence in management
decisions. For the purpose of this survey, FPEI is defined as a shareholding of less than
10%. Therefore:
•
If a non-resident holds less than 10% of the ordinary shares, voting rights or
equivalent in your bank, please complete Table 2.2
•
If your bank own less than 10% of the ordinary shares, voting rights or equivalent in a
non-resident entity, please complete Table 4.1 (Column B)
17. Book Value (Nominal) and Market Value
Tables 2.1, 2.2 and 4.1 require both book values and market values.
i) Book Value of Equity Investment
Book value comprises of paid up share capital (at historical cost), share premium reserves,
accumulated retained earnings, revaluation and any other financing item of your bank.
ix
These items should be readily available from your bank’s financial statements. Accountants
and financial managers refer to this as ‘shareholders’ funds’ or ‘owners equity’.
ii) Market Value
Market value is simply what you would be willing to pay to acquire something from a
willing seller based on commercial consideration only at arms length. For example, think of
building a house to sell; altogether the cost of land and construction was UShs100,000,000
(its book value), if you have built this house in an area where there is high demand for
housing, you may estimate that you could obtain UShs150,000,000 from a willing buyer (its
market price). If your bank is not listed on the stock exchange the market value should be
assumed to be equal to the book values. However, if the book value is negative, then a
financial officer/ accountant can estimate the possible sale value based on commercial
consideration or market value of similar Bank in the same sector.
In order to meet international best practices, codes and standards and to assess what the
investment is truly worth, you are required to estimate market value of your bank regardless
of the book value.
18. Methods of estimating market value
The questionnaire requires the respondent to provide an estimate of the market value (the
equity value of the bank in the stock market) of the investment both on the liability side (Tables
2.1, 2.2) and on the asset side (Table 4.1). So, Table 2.0 and Table 4.0 require the respondent
to indicate the estimation method and also the person who carried out this estimation.
The respondent is required to provide an estimate of the market value of their equity investment
for Part 2.1, 2.2 and 4.1 of this questionnaire.
So how do you estimate the market value for your bank?
a) You can base it on your auditor’s estimate, or request your accountant or financial
manager, or use a director’s estimate.
b) You may base it on a recent sale of shares between the bank owners (assuming it was
based on commercial considerations at arm’s length).
c) Alternatively, you could compare it to a trading for a similar sized bank in Uganda
or the region.
19. Shareholder and inter-company transactions
This is requested for in Tables 3.1 and 3.2 for foreign borrowings (foreign liabilities), and Tables
4.2 for external lending (foreign assets) by resident entities. These are borrowings or lending
between your bank, and affiliated (i.e., not independent) non-resident entities where FDEI equity /
shareholding relationship exists (e.g., head offices, branches, associate entities, subsidiaries). Note
this would include trade credits (buyers’ and suppliers’ credit) if the transaction were between
related entities.
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20. Trade Credits from / to Unaffiliated Entities
Trade credits are commercial credits extended by exporters to importers (suppliers’ credit) and
prepayments made by importers to exporters (buyers’ credit). Trade Credits between unrelated
entities are requested for in Tables 3.1 and 3.2 for foreign borrowings and Tables 4.2 for foreign
lending.
21. Other Claims other than Equity and Loans
These include: Deposits, Currency, Bonds & Notes, Money Market Instruments, Portfolio Debt
Assets etc.
a) Deposits are transferable (with unrestricted exchange on demand at par) in any currency
and commonly used to make payments, or other (such as savings or time deposits).
These are requested for in Tables 3.3 for the foreign liabilities.
b) Currency consists of notes and coins in circulation, commonly used to make payments.
c) Bonds and Notes include bonds, debentures, commercial paper, promissory notes,
certificates of deposit, and other tradable non-equity securities. Bonds and Notes are
long-term with original maturities of more than one year.
d) Money Market Instruments are short-term with original maturities of one year or less.
22. Investor Perceptions (IP)
This is requested for in Part 5. Investors’ perceptions, which are the assessment of the views
of the private investors on the effects of selected variables and institutions on business
operation.
Policy makers are concerned about improving the private investments environment in Uganda.
As such, the questionnaire requests you to rate the effects of a number of selected factors on
your business operations. Please, note that these IP questions seek for your current perceptions
(in 2010) on the identified factors.
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Acknowledgement of Receipt of Questionnaire
I, _____________________________________ of ______________________________
(Name of recipient)
(Name of Bank)
Acknowledge Receipt of the Private Sector Investment Survey (PSIS) 2010 Questionnaire.
Title:
Signature:
Date & Stamp of your bank:
Name of Interviewer:
Date agreed for collection of duly
filled questionnaire and financial
statements
Thank you for receiving and accepting to fill the questionnaire.
This page should be filled-in by the person who is receiving the questionnaire on behalf of the bank at the
time of delivery of this questionnaire by the interviewer. After it is signed, the interviewer should retain the
original copy of this page.
xii
Q/MPSI/08/09
CONFIDENTIAL
QUESTIONNAIRE FOR SURVEY ON PRIVATE SECTOR INVESTMENT 2010
Issued under authority of the Investment Code (1991) Section 35(1), the Foreign Exchange Act (2004) Section 9 (5)
and the Uganda Bureau of Statistics Act. 1998 Section 16, 19
PART 1
General Information
(All respondents should complete Part 1 & 5, while for Parts 2, 3 and 4, the filtering questions on
Page 7 (Table 1.13) will guide you on which parts to fill)
1.1
Name, Contacts and other information
1.1a
Name of the bank: ___________________________________________________________________________
1.1b
Contact Person and Position ___________________________________________________________________
1.1c
Alternative Contact Person and Position _________________________________________________________
1.1d
Physical Address:_______________________________ Postal Address: _______________________________
Tel: _______________________________________________________________ Fax:__________________
E-mail: _____________________________________Website: _______________________________________
1.1e
Date of Commencement of Operation: ___________________________________________________________
1.1f
UIA Investment License Number (if any): ________________________________________________________
1.2
Shareholding Structure of the Bank as at 31st December 2008 and 2009.
Table 1.2: Shareholding Structure as at 31st December 2008 and 2009
Ownership Stake (% Shareholding)
Name of Shareholder*
Nationality
Country of Residence
as at:
31-12-2008
31-12-2009
1.
2.
3.
4.
5.
6.
7.
8.
*name of shareholders includes both the entity and individual investor ownership. Please attach additional sheet in case
you have more than eight (8) shareholders in your bank.
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1.3 Investment Relationship with other entities in 2009
Please fill out table 1.3 below for entities reported in 1.2 that own less than 10% of the equity in your bank.
(Please record YES or NO for questions 3 and 4 in this Section). [see definition 17 (iii) page ix]
Table 1.3: Investment relationship with companies owning less than 10% of your equity
No
1. Name of Shareholder (this should be the same as
that mentioned in Table 1.2)
2. Ownership stake (percentage shareholding should be
the same as reported in Table 1.2 for entity with
less than 10% equity in your bank)
3. Does your bank own 10% or more equity in this nonresident entity investors? (YES / No)
4. Does any of the investor with more than 10% equity
in your bank also own more than 10% in this nonresident entity investor who own less than 10% of
your equity? (YES/NO).
5. Provide the name of common shareholders if your
response to No 4 is YES (should be the same as in
Table 1.2)
Bank 1
Bank 2
Bank 3
Bank 4
1.4 The bank’s turnover during 2009 in Ushs
Please enter the total turnover of your bank during the calendar year 2009.
Table 1.4: Total Turnover during 2009 in Ushs
No
Item
1.
Total Turnover including Other Income
2009
1.5 Actual employment as at 31st December 2009 (record exact numbers)
Please enter the exact number of employees for each nature of employment or category.
Table 1.5: Actual employment as at 31st December 2009
Nature of Employment
Duration of the employee(s) stay in
Uganda
Number of Managerial/Supervisory
Local
Permanent resident
Foreign
Short term
Long term
( less than 12 months)
( more than 12 months)
Number of Administrative/ Accounts
Number of Skilled Technicians
Number of Casual labourers
TOTAL
Males
Females
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CONFIDENTIAL
1.6. Compensation of Employees during 2009 in UShs
Please enter the values (in Ushs) of compensation of employees during 2009.
Table 1.6: Compensation of Employees during 2009 (Ushs)
Type of Compensation
Duration of the employee(s) stay in
Uganda
Salaries and Wages
Fringe Benefits
NSSF/Pension
Directors Fees
Other (specify)
TOTAL
Local
Permanent resident
Foreign
Short term
Long term
( less than 12 months)
( more than 12 months)
Males
Females
1.7. Total Values of Imports and Exports during 2009 in Ushs
Please enter the values of imports and Exports of goods or services during 2009 in Ushs.
Table 1.7: Values of Imports (CIF) and Exports (FOB) during 2009 in Ushs
No
1.
Imports/Exports
2009
Total Import of goods and Services (a)
o/w
Merchandise
Services
2.
Total exports of goods and services (b)
o/w
Merchandise
Services
3.
Total imports of goods and services from foreign affiliate or parents
4.
Total exports of goods and services to foreign affiliate or parents
1.8 Actual Investment as at 31st December 2009 in Ushs
Please enter the Net Book Values (in Ushs) of actual investment under each type of investment.
Table 1.8: Actual investment as at 31st December 2009 in Ushs
No
1.
Type of investment
31st December 2009
Land
2.
Building and Civil Works
3.
Plant and Machinery
4.
Vehicles
5.
Computers and accessories
6.
Furniture and Fittings
7.
Intangible Assets (e.g. operations software)
8.
Research and Development
9.
Other (specify)
Total
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CONFIDENTIAL
1.9 Gains/Loss from Foreign Exchange and sales of Fixed Assets during 2009
Please enter the net gains/losses from foreign exchange translation and sales of fixed assets recorded by your
bank during 2009 in Ushs.
Table 1.9: Gains/Loss from Foreign Exchange translation and sales of Fixed Assets during 2009 in Ushs
No
Item
1.
Gain/Loss in Foreign Exchange
2.
Gain/Loss on the sale of Fixed Assets
2009
Total
1.10. Net profit/Loss, Dividends and Retained Earnings during 2009
Please enter the values (in Ushs) of the net profit/dividends/retained earnings.
Table 1.11 Net Profits/Loss, Dividends and Retained Earnings during 2009 in Ushs
No.
Item
1.
2.
3.
Net profit/loss (after tax) for the year
Total dividends declared for the year
Total dividends paid / profits remitted
during the year
Total retained earnings for the year
4.
2009
1.11. Corporate Social Responsibility during 2009 in UShs
Please enter the values (in Ushs.) of your Bank’s Corporate Social Responsibility.
Table 1.12: Corporate Social Responsibility activities during 2009 (in Ushs.)
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Item
Amount Spent (Ushs)
2009
Education
Health and welfare
Safety and Security
Arts and Culture
Sports Development
Environment
Water
Road
Religious
Donation to other charity org.
Other (Specify)
Total
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CONFIDENTIAL
1.12. Please, indicate which parts (2 or 3 or 4) of this questionnaire are relevant to you by
answering the five questions below.
The table below provides filtering questions that will help you to identify the relevant parts for your Bank to
answer, please tick in the appropriate box.
Table 1.12: Filtering Questions (FQ)
FQ1
FQ2
FQ3
FQ4
FQ5
Filtering Questions (FQ)
Do non-resident entities, governments or individuals hold shares (equity or
other equity) in your bank? If yes, please complete Tables 2.1, and 2.2.
Does your bank borrow from non-resident entities/individuals or have
outstanding loan commitments? If yes, please complete Tables 3.1 and 3.2
Do non-resident entities, governments or individuals have any other
monetary claims against your bank other than shares and loans? If yes,
please complete Table 3.3.
Does your bank own shares (equity or other equity) in non-resident
entities? If yes, please complete Table 4.1.
Has your bank extended or lent money to non-resident entities or
individuals or does it have unpaid amounts outstanding? If yes, please
complete Tables 4.2 and 4.3.
Yes
No
NB: If you ticked ‘no’ for every question, please proceed to Part 5 (Investor’s Perceptions).
Page 5 of 17
Q/MPSI/08/09
CONFIDENTIAL
PART 2
Foreign Equity Investment (shares) in this Bank
(Liabilities)
Methods of Estimating Market Value
Please indicate (by ticking) the method(s) used in estimating the Market Value (MV) of equity. Indicate also the
designation of person/office carrying out the estimation of the market value of equity.
Table 2.0 (a): Methods of Estimating Market Value
No.
1.
2.
3.
4.
5.
Method
Valuation Approach
Income
Stock exchange/securities
Net Asset Value
Other Valuation approach (specify)
Tick (9)
Table 2.0 (b): Estimation carried out by
No.
1.
2.
3.
4.
5.
Title
CEO
Director
Accountant
Finance Manager
Auditor
Tick (9)
Please complete this PART if your bank in Uganda had non-resident shareholders during years ended 2008 and 2009.
Report all values of foreign equity investments to the lowest units and in Uganda shillings. In case you report in
foreign currency, then please use average exchange rates for conversion of transactions (or flows) and end-period
exchange rates for conversion of outstanding balances (or stocks). Exchange rates can be provided on request.
2.1
Equity (10% or more) held in your bank by non-residents as at end of 2008 and 2009.
Please complete this section if non-resident entities hold 10% or more shares in your bank:
In Table 2.1, please enter aggregate data by country, for all non-resident entities each owning 10% or more of the
equity or equivalent voting rights in your bank (Foreign Direct Equity Investment).
To ensure we do not have to get back to you for clarification, enter “N/A” where the question is not applicable to your
bank.
Table 2.1 Equity held in your bank by non-residents (each owning 10% or more) and transactions in Ushs
No.
Item
1.
2.
3.
Country of residence/ International Organisation
Percentage shareholding (%)
Book Value of Equity as at 31st December 2008:
O/w:
Paid-up Share Capital:
Share Premium:
Accumulated retained earnings/loss
Revaluations:
** Others:
Estimated Market Value as at 31st December 2008
Purchases of shares by non-residents in your bank
during 2009 (inwards)
Sales of shares by non-residents in your bank
during 2009 (outwards)
Retained Earnings/Loss during 2009
Other equity changes during 2009 (inwards)*
Other equity changes during 2009 (outwards)
Exchange rate translation gains/loss
Book Value of Equity as at 31st December 2009:
4.
5.
6.
7.
8.
9.
10.
11.
Amounts in UShs
= (3 + 5 − 6 ± 7+ 8 – 9 ± 10)
O/w:
12.
Paid-up Share Capital:
Share Premium:
Accumulated retained earnings/loss
Revaluations:
** Others:
Estimated Market Value as at 31st December 2009
* These should include any transactions related to: new equity issues (Greenfield investment), rights issue of shares, net value from mergers and
acquisitions and additional capital contribution by shareholders.
** Others - any other equity component e.g. unremitted dividend, debt equity swaps, deposits by shareholders etc
Note: In case you have more than three countries investing in your bank, please provide data on separate page(s) or sheet(s)
Page 6 of 17
Q/MPSI/08/09
2.2
CONFIDENTIAL
Equity (less than 10%) held in your bank by non-residents as at end-2008 and 2009 and
associated transactions during 2009.
Please complete this section if non-resident entities or individuals hold less than 10% equity in your bank:
• In the Table 2.2, please enter aggregate data by investor and their country, for all non-resident entities each owning
less than 10% of the shares or equivalent voting rights in your bank (Foreign Portfolio Equity Investment).
To ensure we do not have to get back to you for clarification, enter “N/A” where the question is not applicable.
Table 2.2 Equity held in your bank by non-residents (each owning less than 10%) and transactions in Ushs
No.
Item
1.
Country of residence/ International Organisation
Percentage shareholding (%)
Type of investor i.e. Direct Investments Enterprise
(DIE), Fellow Enterprise (FE), or Portfolio
Investment (PI)
Book Value of Equity as at 31st December 2008:
O/w:
Paid-up Share Capital:
Share Premium:
Accumulated retained earnings/loss
Revaluations:
** Others:
Estimated Market Value as at 31st December 2008
Purchases of shares by non-residents in your bank
during 2009 (inwards)
Sales of shares by non-residents in your bank
during 2009 (outwards)
Retained Earnings/Loss during 2009
Other equity changes during 2009 (inwards)*
Other equity changes during 2009 (outwards)
Exchange rate translation gains/loss
Book Value of Equity as at 31st December 2009:
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Amounts in UShs
= (4 + 6 − 7 ± 8 + 9 – 10 ± 11)
O/w:
13.
Paid-up Share Capital:
Share Premium:
Accumulated retained earnings/loss
Revaluations:
Others**:
Estimated Market Value as at 31st December 2009
* These should include any transactions related to: new equity issues (Greenfield investment), rights issue of shares, net value from
mergers and acquisitions and additional capital contribution by shareholders.
** Others - any other equity component e.g. unremitted dividend, debt equity swaps, deposits by shareholders etc
Note:
In case you have more than three countries investing in your bank please provide data on separate page or sheet
Page 7 of 17
Q/MPSI/08/09
CONFIDENTIAL
PART 3
Non-Equity Liabilities from Non-Residents
3.0
Borrowings from non-resident(s) by your bank
Please complete Tables 3.1 and 3.2 for long-term and short-term debt (including any arrears) respectively, if
your Bank borrows from non-resident entities, individuals or organizations (external borrowings).
• Exclude domestic borrowings (resident-to-resident) in both foreign and local currencies.
• To ensure we do not trouble you for clarification, enter “N/A” where not applicable.
• In case of recipient sector specify the sector using options provided on pages 2 and 3 of this questionnaire
i.e. Table 1.4.
3.1 Long-term external liabilities of loans, trade credits, and debt security (bonds, notes,
bills etc)
Long-term debt liabilities constitute loans and debt securities with original maturity of 12 months or more. Please
supply total outstanding balances for the years as at end-December 2008 and 2009 and transactions during
2009 for each individual non-equity external obligations.
Table 3.1: Long-term external debt liabilities of loans, trade credits, and debt securities
No
Debt
Debt
Debt
Debt
Instrument 1 Instrument 2 Instrument 3 Instrument 4
Particulars
1.
Creditor institution group*
2.
3.
4.
Debt type**
Recipient Industrial Classifications
Creditor country/International organization
5. Original currency of liability
6. Total debt amount (original contracted)
7. Interest rate (in % terms)
8. Outstanding balance as at 31st December 2008♠
O/w:
Balance of principal
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
Balance of principal arrears
Balance of interest arrears
Debt received from non-residents during 2009
(Disbursements)
Debt repaid to non-residents during 2009 (Principal
repayments)
Principal arrears created during 2009
Principal arrears paid during 2009
Interest paid during 2009
Interest arrears created during 2009
Interest arrears paid during 2009
Other changes during 2009 (debt forgiveness, write-off,
debt-equity swaps etc) Please specify…
Fees and commission paid in 2009:
Exchange rate translation gains/loss
Outstanding balance as at 31st December 2009
= (8 + 9 − 10 − 12 + 14 − 15 ± 16 ± 18)
O/w:
Balance of principal
Balance of principal arrears
Balance of interest arrears
All bold fields are mandatory
* Creditors institution group include; Direct Investor (parent), Subsidiary or Associate, DIE, Other related (FE)
** Debt type includes; trade credits, loans and debt security (e.g. bonds, notes etc)
♠
Not applicable if loan was contracted in 2009
2
In case the terms of the debt instruments loan change during the period under review please provide data on separate page or sheet
Page 8 of 17
Q/MPSI/08/09
CONFIDENTIAL
3.2 Short-term External liabilities of loans, trade credits, and Debt securities
Short-term debt liabilities constitute loans, trade credits, and debt securities with original maturity of less than 12
months. Please supply total outstanding balances for the years as at end-December 2008 and 2009 and
transactions during 2009 for each individual debt contracted.
Table 3.2: Short-term External debt liabilities of loans, trade credits, and debt securities
No
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
Particulars
Debt
Instrument 1
Debt
Instrument 2
Debt
Instrument 3
Debt
Instrument 4
Creditor institution group*
Debt type**
Recipient Industrial Classifications
Creditor country/International organization
Original currency of liability
Total debt amount (original contracted)
Interest rate
Outstanding balance as at 31st December 2008***
O/w:
Balance of principal
Balance of principal arrears
Balance of interest arrears
Debt received from non-residents during 2009
(Disbursements)
Debt repaid to non-residents during 2009 (Principal
repayments)
Principal arrears created during 2009
Principal arrears paid during 2009
Interest paid during 2009
Interest arrears created during 2009
Interest arrears paid during 2009
Other changes during 2009 (debt forgiveness, write-off,
debt/equity swaps etc) Please specify…
Fees and commission paid in 2009:
Exchange rate translation gains/loss
Outstanding balance as at 31st December 2009
= (8 + 9 − 10 + 11 − 12 + 14 − 15 ± 16 ± 18 )
O/w:
Balance of principal
Balance of principal arrears
Balance of interest arrears
All bold fields are mandatory
* Creditors institution group include; parent company (i.e. Direct Investor – DI), Subsidiary or Associates (i.e. DIE), other related
party and unrelated party
** Debt type includes; trade credits, loans and debt security (e.g. bills etc)
***Not applicable if loan was contracted in 2009
Note:
In case the terms of the debt instrument (i.e. loan, etc) changes during the period under review, please provide additional
information on a separate page or sheet and attach to this questionnaire.
Page 9 of 17
Q/MPSI/08/09
3.3
CONFIDENTIAL
Other liabilities acquired from non-residents other than equity and borrowings
Other liabilities acquired from non-residents may include namely; standardised guarantee scheme, employee
stock option, management fees payable, financial derivatives, custody accounts, administered funds, franchise
costs outstanding, currency and deposits, outstanding insurance and reinsurance premiums and claims etc. Please
supply total outstanding balances for the years as at end-December 2008 and 2009 and transactions during
2009 for each individual liability.
Please complete Table 3.3 below if your bank acquired liabilities (excluding sales of shares, loans, trade
credits and debt securities) from non-resident entities or individuals
Table 3.3: Other liabilities acquired from non-residents other than shares and borrowings
Item
Other liabilities from non-residents
Type of liability (namely; standardised guarantee
scheme, employee stock option, management fees,
financial derivatives, custody accounts, administered
1. funds, franchise costs outstanding, currency and
deposits, outstanding insurance and reinsurance
premiums and claims etc.)
2. Currency (e.g. GB£, US$, Euro (€), KHS etc.)*
3. Creditor country / International Organization of
counterpart
4. Outstanding balance as at 31st December 2008
5. Value of liability received from non-residents during
2009
6. Settled liabilities during 2009
7. Interest paid on liability holding during 2009 (please
provide this if applicable to the liabilities held)
8. Other changes (e.g. exchange rate ) during 2009
9. Outstanding balance as at 31st December 2009
= (4 + 5 − 6 ± 8)
O/w
Amount due from related party
Page 10 of 17
Q/MPSI/08/09
CONFIDENTIAL
PART 4
Investment (Assets) Abroad by this Bank
Methods of Estimating Market Value
Please indicate (by ticking) the method(s) used in estimating the Market Value (MV) of equity. Indicate also the
designation of person/office carrying out the estimation of the MV of foreign equity owned by your bank.
Table 4.0 (a): Methods of Estimating Market Value
No.
1.
2.
3.
4.
5.
Tick (9)
Method
Valuation Approach
Income
Stock/ Securities market
Net Asset Value
Other (specify)
Table 4.0 (b): Estimation carried out by
No.
1.
2.
3.
4.
5.
Title
Tick (9)
CEO
Director
Accountant
Finance Manager
Auditor
4.1 Holdings of shares by your bank in non-resident entities
Please complete Table 4.1 as follows:
• In Column A, please enter aggregate data for your holdings of shares in non-resident entities that are each 10% or more.
• In Column B, please enter aggregate data for your holdings of shares in non-resident entities that are each less than 10%.
To ensure we do not have to get back to you for clarification, enter “N/A” where it’s not applicable to your Bank.
Table 4.1 Holdings of equity by your bank in non-resident entities equivalent in UShs.
No
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Item
Equity held by your bank
A.
Holdings (each 10% or
more)
B.
Holdings (each less than
10%)
Country of investment /International Organisations*
Book value of equity as at 31st December 2008
O/w:
Paid-up Share Capital:
Share Premium:
Accumulated Retained earnings
Revaluations:
Others:
Estimated market value as at 31 December 2008
Purchases of shares in non-resident entities by your
Bank during 2009 (inwards)
Sales of shares in non-resident entities during 2009
(outwards)
Retained Earnings/Loss during 2009
Other equity transactions during 2009 (inwards)
Other equity transactions during 2009 (outwards)
Exchange rate translation gains/loss
Book value of equity as at 31st December 2009
= (2 + 4 − 5 ± 6 + 7 − 8 ± 9)
O/w:
11.
Paid-up Share Capital:
Share Premium:
Accumulated Retained earnings
Revaluations:
Others:
Estimated market value as at 31 December 2009
12.
Dividends received during 2009
*In case you hold equity in more than one entity please provide data on separate page or request for additional sheet from the
interviewer.
Page 11 of 17
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CONFIDENTIAL
4.2. External debt assets in form of loans, debt securities and trade credits
Long-term debt assets constitute loans, trade credits, and debt securities (bonds, notes, bills etc) with original
maturity of 12 months or more while short-term have original maturity of less than 12 months. Please supply
total outstanding balances for the years as at end-December 2008 and 2009 and transactions during 2009 for
each individual debt in original contract agreement currencies.
Please complete the table below if you had asset claims on non-residents in form of trade credits, loans, debt
securities in 2008 and 2009.
Table 4.2 External assets in terms of; loans, trade credits, and debt securities (bonds, notes, bills etc)
No
Items
1.
Debtor institution group*
2.
3.
4.
Debt type*
Tenure [ST – short term or LT – long term]
Debtor country of residence/ International
Organization
Original debt currency
Original Principal Amount
Interest rate
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
Assets 1
Asset 2
Asset 3
Assets 1
Outstanding balance as at 31st Dec 2008***
O/w:
Balance of principal
Balance of principal arrears
Balance of interest arrears
Debt extended to non-residents during 2009
(Disbursements)
Debt repaid by non-residents during 2009
(Principal repayments)
Principal arrears created during 2009
Principal arrears paid during 2009
Interest due and paid during 2009
Interest arrears created during 2009
Interest arrears paid during 2009
Fees and commissions received in 2009:
Exchange rate translation gains/loss
Outstanding balance as at 31st Dec 2009
= (8 + 9 −10 −12 + 14 −15 ± 16)
O/w:
Balance of principal
Balance of principal arrears
Balance of interest arrears
All rows in bold must be completed
* Creditors institution group include; parent company, subsidiary other related party (fellows, directors etc) and unrelated party
** Debt type includes; trade credits, loans and debt security (e.g. bonds, notes, bills etc)
*** Not applicable if credits was extended in 2009
Note:
a) In case your Bank lent to non-residents in more than one country please provide data on separate page or sheet
b) Short term in case the maturity period of the asset is less than 12 months otherwise it should be considered long-term.
Page 12 of 17
Q/MPSI/08/09
CONFIDENTIAL
4.3 Other assets acquired from non-residents other than equity and debt securities
Other assets acquired from non-residents may include; standardised guarantee scheme, employee stock option
management fees receivable, financial derivatives, custody accounts, administered fund, franchise costs,
currency and deposits, outstanding insurance and reinsurance premiums and claims etc. Please supply total
outstanding balances for the years as at December 2008 and 2009 and transactions during 2009 for each
individual asset in original currency.
Please complete Table 4.3 below if your bank acquired assets (excluding sales of shares, loans, trade credits and debt
securities) from non-resident entities or individuals
Table 4.3: Other assets acquired from non-residents other than shares, loans, trade credits and debt securities
Item
1.
Assets 1
Asset 2
Asset 3
Type of asset (namely; standardised guarantee scheme,
employee stock option, management fees receivable,
financial derivatives, custody accounts, administered
funds, franchise costs, currency and deposits,
outstanding insurance and reinsurance premiums and
claims etc.)
2.
Currency (e.g. KHS, US$, Euro €, GBP₤ etc.)*
3.
Creditor Country / International Organization of
counterpart
4.
Outstanding balance as at 31 December 2008
5.
Value of asset acquired from non-residents during 2009
6.
Settlement s (repayments) during 2009
7.
Interest received on other assets during 2009 (please
provide amounts for applicable assets)
8.
Other changes (e.g. exchange rate changes)
9.
Outstanding balance as at 31 December 2009
= (4 + 5 − 6 ± 8)
O/w
To related party
* Indicate amount in space provided in the original tranche currency. In case you have more than three currencies please
provide the extra data on separate page(s) or sheet(s)
Page 13 of 17
Q/MPSI/08/09
CONFIDENTIAL
PART 5
Investor Perceptions
(All respondents should complete this part)
Instructions for Questions in Table 5.1 – 5.5
In tables 5.1 – 5.5 please rate the effect (on your business activities) of each factor on a scale of -2 to +2 where:
+2 = “Strong positive effect”, +1 = “Limited positive effect”, 0 = “No effect”, -1 = “Limited negative effect” and
-2 = “Strong negative effect”
Please indicate your rating in the space provided (
Table 5.1
)
Effect of Economic and financial factors to your business bank
Rating
2010
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
Factor
5.1.1
5.1.2
5.1.3
5.1.4
5.1.5
5.1.6
5.1.7
5.1.8
5.1.9
5.1.10
5.1.11
5.1.12
5.1.13
5.1.14
Domestic market size
Smuggling
Corruption
Competition with imports
Access to international markets
Corporate tax
Customs and excise duty
Interest rate
Exchange rate
Inflation rate
Access to local business finance/credit
Access to regional business finance
Access to international finance
Others (specify)
Table 5.2 Efficiency and cost of the following support services on your bank
Factor
5.2.1
5.2.2
5.2.3
5.2.4
5.2.5
5.2.6
5.2.7
5.2.8
5.2.9
5.2.10
5.2.11
5.2.12
5.2.13
5.2.14
5.2.15
5.2.16
5.2.17
5.2.18
Electricity
Road transport
Railway transport
Water transport
Air transport
Postal services
Telecommunication
Internet
Customs services
Internal revenue services
Insurance services
Banking services
Water supply
Immigration services/ work permits
Municipal services (garbage, sewerage etc)
Legal services
Licenses/ permit fees
Others (specify)
Rating in 2010
Efficiency
Cost
(
(
(
(
(
(
(
(
(
(
(
(
(
(
(
(
(
(
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
(
(
(
(
(
(
(
(
(
(
(
(
(
(
(
(
(
(
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
Page 14 of 17
Q/MPSI/08/09
CONFIDENTIAL
Table 5.3 Effect of Labour, Environmental and Health factors to your business activities
Factor
5.3.1
5.3.2
5.3.3
5.3.4
5.3.5
5.3.6
5.3.7
5.3.8
5.3.9
5.3.10
5.3.11
5.3.12
5.3.13
5.3.14
5.3.15
Restrictions regarding hiring expatriates
Staff turnover
Wage levels
Availability of skilled labour locally
Cost of skilled labour
Productivity of skilled labour
Productivity of unskilled labour
Cost of un skilled labour
NSSF/Pension contribution
Malaria
HIV/AIDS
Climate changes
Soil degradation
Land and boarder conflicts
Other Diseases (specify)
Rating
2010
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
5.4
Did the global financial crises /economic slowdown affect your bank?
YES [
]
NO [
]
5.4.1
If YES, rate the business areas in the following Table 5.4.1 below
Table 5.4.1 Effects of the global financial crises /economic slowdown on your bank
5.4.1
5.4.2
5.4.3
5.4.4
5.4.5
5.4.6
5.4.7
5.4.8
Table 5.5
Business areas
Turnovers
Investments flows
Exports demands(if any)
Imports cost
Access to international credits
Access to domestic credits
Debt service
Other effects (specify)
Efficiency of Regulatory and Other government agencies to your business activities
Factor
5.5.1
5.5.2
5.5.3
5.5.4
5.5.5
5.5.6
5.5.7
5.5.8
5.5.9
5.5.10
5.5.11
5.5.12
5.5.13
5.5.14
5.5.15
5.5.16
5.5.17
5.5.18
Rating
2010
( )
( )
( )
( )
( )
( )
( )
( )
Electricity Regulatory Authority
Uganda National Chamber of Commerce & Industry
Privatization Unit
Uganda National Bureau of Standards
Uganda Revenue Authority
Department of Immigration, Ministry of Internal Affairs
Legal System (e.g. Uganda Law Reform Commission)
National Environmental Management Authority
Local Authorities (e.g. KCC)
The Parliament of the Republic of Uganda
Uganda Investment Authority
Uganda Registration Services Bureau
Bank Of Uganda
Private Sector Foundation Uganda (PSFU)
Judicial Services (e.g. Commercial Court)
Uganda Communications Commission
Uganda Bureau of Statistics
Other (specify)
Rating
2010
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
Page 15 of 17
Q/MPSI/08/09
Table 5.6
CONFIDENTIAL
Please indicate the direction of your investment in Uganda in the next 3 years.
In this Table please indicate the direction of your investments in Uganda in the next 3 (three) years of each
aspect on a scale of -1 to +1 where:
+1 = “Expand”, 0 = “Maintain” and -1 = “ Scale Down”
Please enter your score on each aspect in the space provided (
)
Score
2010
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
( )
Aspect
5.6.1
5.6.2
5.6.3
5.6.4
5.6.5
5.6.6
5.6.7
5.6.8
5.6.9
5.6.10
5.6.11
5.6.12
5.6.13
Table 5.7
Diversify in other sectors
Diversify range of product and services
Staff Training
Recruitment of nationals
Recruitment of expatriates
Gender balance in recruitment
Investment in Technology
Import of Capital goods
Export of the products
Construction of New Building and Structure
Improvement of existing facilities
Mergers and Acquisition
Others (specify)
On a scale of 1 – 3 please rate the usefulness of the listed sources of information in your
investment decisions where:
+2 = “Very useful”, +1 = “Quite useful” and 0 = “Not useful”
Please enter your score on each source in the space provided (
Source /Utility
5.7.1
5.7.2
5.7.3
5.7.4
5.7.5
5.7.6
5.7.7
5.7.8
5.7.9
5.7.10
Local and regional media
International media
Internet
Government agency/ publications
Donor and international agencies
Business associates
Competitors
Workshops, Conferences, Trade fairs & International
seminars
Word of mouth
Other (specify)
)
Rating
2010
( )
( )
( )
( )
( )
( )
( )
( )
(
(
)
)
Please indicate below any issue not discussed in this questionnaire that you may wish to bring to the
attention of policy makers.
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Page 16 of 17
Q/MPSI/08/09
CONFIDENTIAL
Once again we wish to assure you that the information you have provided will be treated with
strict confidentiality.
Kindly certify this information.
Name: ________________________________________________________________________________________
Address: ______________________________________________________________________________________
Signature: ________________________ Date: __________________ Stamp: ______________________________
THANK YOU FOR YOUR COOPERATION AND FOR PROVIDING
YOUR FINANCIAL STATEMENTS.
FOR OFFICIAL USE
Name of Interviewer: _______________________ Signature: ___________________ Date: __________________
General remarks / comments
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