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Currency adjusted group balance sheet
US US GB GB
Rand Rand dollar dollar pound pound Euro Euro
000 2003 2002 2003 2002 2003 2002 2003 2002
ASSETS
Fixed assets 193 719 189 029 27 913 17 900 16 787 11 519 24 005 18 281
Investments in associates 9 324 17 605 1 344 1 667 808 1 073 1 155 1 703
Policyholders’ investments 53 682 65 080 7 735 6 163 4 652 3 966 6 652 6 294
Goodwill 20 463 13 007 2 949 1 232 1 773 793 2 536 1 258
Deferred tax asset 58 812 63 459 8 474 6 009 5 096 3 867 7 288 6 137
Net advances 4 399 746 4 900 199 633 969 464 034 381 261 298 610 545 200 473 908
Gross advances 6 314 097 7 166 640 909 812 678 659 547 149 436 723 782 418 693 100
Provisions (1 914 351) (2 266 441) (275 843) (214 625) (165 888) (138 113) (237 218) (219 192)
Other assets 109 735 496 983 15 812 47 063 9 509 30 285 13 598 48 064
Taxation
Statutory assets – bank
4 625 21 325 666 2 019 401 1 300 573 2 062
and insurance
Short-term deposits
479 474 421 751 69 088 39 939 41 549 25 701 59 414 40 788
and cash 1 148 562 835 460 165 499 79 116 99 529 50 912 142 325 80 799
TOTAL ASSETS 6 478 142 7 023 898 933 449 665 142 561 365 428 026 802 746 679 294
LIABILITIES AND EQUITY
Liabilities
Life fund reserve
Structured loans
80 326 94 713 11 574 8 969 6 961 5 772 9 954 9 160
and debentures 2 251 180 2 269 313 324 378 214 897 195 076 138 288 278 957 219 469
Liabilities to depositors 884 485 690 332 127 447 65 372 76 645 42 068 109 602 66 763
Other liabilities 173 094 1 040 840 24 941 98 564 14 999 63 427 21 449 100 662
Deferred tax liability 10 576 13 256 1 524 1 255 916 808 1 311 1 282
Taxation 95 335 219 411 13 737 20 778 8 261 13 371 11 814 21 220
Bank overdraft 150 19 846 22 1 879 13 1 209 19 1 919
TOTAL LIABILITIES 3 495 146 4 347 711 503 623 411 714 302 871 264 943 433 106 420 475
Capital and reserves
Ordinary shareholders’ funds 2 788 751 2 433 522 401 837 230 448 241 661 148 295 345 570 235 350
Outside shareholders’ funds 4 541 55 990 654 5 302 394 3 412 563 5 415
Secondary capital 189 704 186 675 27 335 17 678 16 439 11 376 23 507 18 054
TOTAL CAPITAL
AND RESERVES 2 982 996 2 676 187 429 826 253 428 258 494 163 083 369 640 258 819
TOTAL LIABILITIES
AND EQUITY 6 478 142 7 023 898 933 449 665 142 561 365 428 026 802 746 679 294
RATE USED FOR
CURRENCY CONVERSION
Year-end rate 1,00 1,00 6,94 10,56 11,54 16,41 8,07 10,34
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African Bank Investments Limited