as at December 31, 2003 - EFG Bank Group

Notes to the Consolidated Financial Statements (continued)
23. Available-for-sale investment securities
(All figures in thousands of CHF) Dec. 31, 2003 Dec. 31, 2002
Issued by public bodies:
government 6’418’403 4’028’426
other public sector 341’384 49’615
Sub-total 6’759’787 4’078’041
Issued by other issuers:
banks 653’969 864’760
other 1’054’160 699’264
Sub-total 1’708’129 1’564’024
Total 8’467’916 5’642’065
Listed on European exchanges 7’971’283 5’537’839
Unlisted 496’633 104’226
Total 8’467’916 5’642’065
Equity securities 609’295 278’054
Debt securities 7’858’621 5’364’011
Total 8’467’916 5’642’065
Securities acceptable by central banks as collateral or for discount 2’556’626 1’611’316
Unamortised discounts and premiums included above 147’204 26’858
Pledged securities with capital market companies 1’390 1’371
Credit facility with central banks secured by the above 99’008 828’843
The movement in the available-for-sale investment securities is as follows:
(All figures in thousands of CHF) 2003 2002
Net book value at January 1 5’642’065 5’652’913
Arising from acquisitions 230’734 62’978
Exchange adjustments 261’466 (212’740)
Additions 5’809’731 4’538’193
Disposals and redemptions (3’638’831) (4’503’605)
Effect of reclassification of subsidiaries (4’371) (183’203)
Transfers from other investment securities 6’408 -
Amortisation of discounts and premiums (15’626) (5’464)
Net losses from changes in fair value arising on absorption of closed-end funds (86’627) -
Net gains from other changes in fair value 262’967 292’993
Net book value at December 31 8’467’916 5’642’065
Annual Report 2003
Group
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