annual report 2005 - Arab Banking Corporation, ALGERIA

f) Fixed assets
The variations recorded between 2004 and 2005, are due to the applied depreciation;
refurbishments, installations and acquisition of office furniture.
The main subtitles are:
− Commercial and administrative buildings, for a net value of DZD 366 Million;
− Installations for a net amount of DZD 105 Million;
− Fitting and interior layout for a value of DZD 44 Million.
LIABILITIES II . LIABILITIES
a) Deposits from financial institutions
Composed of 100% of at sight, these accounts "at sight" with an amount of DZD 808 Million,
includes essentially , the credit balances of the accounts with local banks for “Cheques for
collection & Certified cheques” in our books with an amount of DZD 50 Million, and the
cheques issued by our branches and non cashed yet by the carriers (drawer) with DZD 758
Million.
b) Customers’ Deposit accounts
In 2005, the accounts "at sight", showed an increase compared to 2004, i.e. from DZD 9 599
Million in 2004 to DZD 12 874 Million in 2005. In addition, the ’’term deposit" increased
from DZD 3 937 Million in 2004 to DZD 4 279 Million in 2005
c) Certificate of Deposits
This heading, shows the cash deposit vouchers by the customers and showed a slight decrease
of l%, from DZD 2 064 Million in 2004 to DZD 2 043 Million in 2005.
d) General Provisions
Compared to 2004, these accounts showed an increase of 2% from DZD 280 Million in 2004 to
DZD 287 Million in 2005, further to the increase in the loan portfolio of the bank in 2005