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Notes to the annual financial statements (continued)
for the year ended 30 September 2003
One to Four to Beyond
Up to one three twelve twelve
month months months months Total
2003 R000 R000 R000 R000 R000
35. FINANCIAL RISK (continued)
35.2 Liquidity risk
Assets and liabilities maturities
as at 30 September 2003
Assets
Fixed assets – – – 193 719 193 719
Investments in associates – – – 9 324 9 324
Policyholders’ investments – – – 53 682 53 682
Goodwill – – – 20 463 20 463
Deferred tax asset – – 8 310 50 502 58 812
Net advances 615 492 481 233 1 335 276 1 967 745 4 399 746
Other assets and taxation 85 819 15 911 2 743 9 887 114 360
Liquid assets 91 507 139 742 197 469 50 756 479 474
Short-term deposits and cash 857 798 283 062 – 7 702 1 148 562
Total assets 1 650 616 919 948 1 543 798 2 363 780 6 478 142
Liabilities
Life fund reserve – – – 80 326 80 326
Loans and debentures 46 981 36 498 34 469 2 133 232 2 251 180
Deferred tax liability 10 433 – 143 – 10 576
Liabilities to depositors 277 161 190 525 162 944 253 855 884 485
Other liabilities and taxation 37 773 48 037 99 461 83 158 268 429
Bank overdraft 150 – – – 150
Secondary capital – – 2 512 187 192 189 704
Shareholders’ funds and minority interests – – – 2 793 292 2 793 292
Total liabilities 372 498 275 060 299 529 5 531 055 6 478 142
Net liquidity gap 1 278 118 644 888 1 244 269 (3 167 275) –
African Bank Investments Limited 122