Annual Report - Ahli United Bank

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Annual Report - Ahli United Bank

Notes to theConsolidated Financial Statements (Contd.)11 NON-TRADING INVESTMENTS2009 2008Held-to- Available- Loans andmaturity for-sale receivables Total TotalUS$’000 US$’000 US$’000 US$’000 US$’000Quoted investmentsGCC and US government bonds and debt securities - 230,997 169,050 400,047 378,247Other government bonds and debt securities 15,927 105,863 35,934 157,724 170,009Floating rate notes and certificates of deposit:- issued by banks and other financial institutions - 904,045 974,944 1,878,989 1,484,311- issued by corporate bodies - 393,226 508,606 901,832 617,587Equity shares - 16,737 - 16,737 137,492Funds at net asset value - 158,603 - 158,603 210,77015,927 1,809,471 1,688,534 3,513,932 2,998,416Unquoted investmentsGCC government bonds - 138,547 - 138,547 -Other government bonds and debt securities - 30,544 - 30,544 30,116Floating rate notes and certificates of deposit:- issued by banks and other financial institutions - - - - 163,066Equity shares at cost - 123,847 - 123,847 79,672Funds at net asset value - 119,423 - 119,423 58,587Other investments - 59,157 - 59,157 111,957- 471,518 - 471,518 443,398Total 15,927 2,280,989 1,688,534 3,985,450 3,441,814(Less): Allowance for impairment - (86,858) - (86,858) (88,244)15,927 2,194,131 1,688,534 3,898,592 3,353,570Refer note 31 (c) for disclosure of credit quality of non-trading investments.Non-trading investments of US$ 1,042 million (31 December 2008: US$ 722 million) have been sold under agreements to repurchase,against which the Group had borrowings of US$ 878 million (31 December 2008: US$ 604 million), included under “deposits frombanks and other financial institutions”.The movements in provision for impairment on available-for-sale investments were as follows:2009 2008US$ ’000 US$ ’000At 1 January 88,244 44,443Add/(Less):Arising on acquisition of subsidiaries - 2,720Charge for the year 35,975 159,864Amounts written off during the year (30,722) (131,121)Exchange rate and other adjustments (6,639) 12,338At 31 December 86,858 88,24468 AUB Annual Report 2009

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