CASH AND BANKS. A detail of the cash and banks balance is as follows: 6/30/2021 12/31/2020 Cash US$ 10 9 Foreign banks 22,386 27,350 Local banks 5,726 5,392 Total US$ 28,122 32,751 Foreign banks - Corresponds to cash held in current accounts at Citibank N.Y. Local banks - Include balances in the Fideicomiso Mercantil Quiport On Shore Trust bank account in which all regulated income is received, until transferred to the Municipality of Quito by the Trust and the Corporation’s own account. Also includes the bank account in which collection of non-regulated income is received, which is managed by the Trust to fulfill the obligations contracted by Quiport.
CASH AND BANKS. A detail of the cash and banks balance is as follows: (Unaudited) (Audited) 31/3/2023 31/12/2022 Cash US$ 8 8 Foreign banks 36,826 28,511 Local banks 12,533 17,251 Total US$ 49,367 45,770 Foreign banks - Corresponds to cash held in checking accounts at Citibank N.Y. Local banks - Include balances in the Fideicomiso Mercantil Quiport On Shore Trust bank account in which all regulated revenues are received, until transferred to the Municipality of Quito by the Trust and the Corporation’s own account. Also includes the bank account in which collection of non- regulated revenues are received, which is managed by the Trust to fulfill the obligations contracted by Quiport.
