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Statement of average balances
Weighted Interest
Closing average income/ Rate
R000 balance balance expense %
30 SEPTEMBER 2003
Gross interest-bearing advances 4 898 797 5 414 818 2 295 519 42,4
Interest-earning cash and other assets 1 551 465 1 221 827 143 131 11,7
Total interest-earning assets 6 450 262 6 636 645 2 438 650 36,7
Gross non-interest-bearing advances 1 415 300 1 256 600
Non-interest-bearing Reserve Bank funds 76 571 83 310
Provision for bad debts (1 823 526) (2 006 866)
Insurance provisions (90 825) (90 825)
Other assets 450 360 565 592
Total assets 6 478 142 6 444 456
Total interest-bearing liabilities 3 325 519 3 202 418 463 685 14,5
Life fund reserves 80 326 92 694
Other liabilities 268 429 477 736
Deferred tax 10 576 971
Total liabilities 3 684 850 3 773 818
Ordinary shareholders’ equity 2 788 751 2 628 211
Outside shareholders’ equity 4 541 42 426
Total liabilities and equity 6 478 142 6 444 456
30 SEPTEMBER 2002
Gross advances 7 166 640 5 237 697 2 005 388 38,3
Interest-earning cash and other assets 1 152 116 805 678 82 827 10,3
Total interest-earning assets 8 318 756 6 043 375 2 088 215 34,6
Non-interest-bearing Reserve Bank funds 105 095 87 353
Provision for bad debts (2 179 053) (920 647)
Insurance provisions (87 388) (87 388)
Other assets 866 488 612 487
Total assets 7 023 898 5 735 180
Total interest-bearing liabilities 3 166 166 2 882 173 389 181 13,5
Life fund reserves 94 713 45 978
Other liabilities 1 260 251 545 960
Deferred tax 13 256 12 621
Total liabilities 4 534 386 3 486 732
Ordinary shareholders’ equity 2 433 522 2 189 677
Outside shareholders’ equity 55 990 58 771
Total liabilities and equity 7 023 898 5 735 180
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African Bank Investments Limited