Financial StatementsBalance Sheets at 30 June 2005AssetsGROUPBANK2005 2004 2003 2005 2004 2003Note MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000Cash ResourcesCash and Balances with Central Banks 1,894,720 2,040,409 1,924,269 1,672,411 2,012,529 1,844,978Balances with Other Banks 3 6,378,422 2,090,179 2,364,703 6,360,702 1,788,798 2,101,5878,273,142 4,130,588 4,288,972 8,033,113 3,801,327 3,946,565Securities, Placements and Other <strong>In</strong>vestments 4<strong>In</strong>vestment Securities- Equity <strong>In</strong>vestments in Subsidiaries - - - 453,546 726,228 806,290- Equity <strong>In</strong>vestments in Associates 666,502 616,340 559,155 666,502 616,340 558,925- Other <strong>In</strong>vestment Securities 10,906,042 12,349,585 7,554,453 10,302,746 11,430,982 7,078,50611,572,544 12,965,925 8,113,608 11,422,794 12,773,550 8,443,721Trading Securities 144,338 254,791 1,926,995 144,338 244,937 1,918,476Placements 466,261 40,390 41,643 466,261 40,390 41,643Other <strong>In</strong>vestments 9,263 8,849 9,156 - - -12,192,406 13,269,955 10,091,402 12,033,393 13,058,877 10,403,840Loans and Advances 7Personal and Credit Cards 5,753,721 4,934,304 3,734,440 5,744,203 4,927,436 3,726,285Business 13,621,537 13,130,212 12,259,927 13,290,570 12,782,732 11,767,131Governments 2,665,379 2,665,791 2,787,772 2,650,114 2,665,791 2,787,772Entities outside Mauritius 768,346 652,239 1,214,670 768,346 652,239 1,214,670Overseas Operations 2,319,098 2,155,137 2,047,713 1,480,406 1,595,079 1,162,07425,128,081 23,537,683 22,044,522 23,933,639 22,623,277 20,657,932Less: Allowance for Credit Losses (626,505) (865,500) (479,020) (541,864) (809,842) (434,936)24,501,576 22,672,183 21,565,502 23,391,775 21,813,435 20,222,996OtherTangible Fixed Assets 8 2,993,990 1,759,106 1,837,978 2,959,146 1,754,805 1,832,563Other Assets 9 645,926 425,889 634,248 620,300 410,671 570,8333,639,916 2,184,995 2,472,226 3,579,446 2,165,476 2,403,39626TOTAL 48,607,040 42,257,721 38,418,102 47,037,727 40,839,115 36,976,797LIABILITIES AND SHAREHOLDERS' EQUITYDeposits 11Personal 20,668,106 19,425,906 16,837,117 19,200,585 17,999,420 15,349,558Business 11,044,220 8,911,278 8,333,610 10,694,070 8,466,462 8,057,565Governments 3,188,265 4,458,426 4,011,408 2,935,542 4,232,998 3,588,070Banks 100,216 76,643 - 100,739 80,135 49,72535,000,807 32,872,253 29,182,135 32,930,936 30,779,015 27,044,918BorrowingsCentral Banks 12 247,829 342,698 397,449 247,829 341,531 393,664Other Banks 13 3,283,684 1,891,842 2,553,169 3,278,232 1,891,552 2,553,169Other 67,697 - - 67,697 - -3,599,210 2,234,540 2,950,618 3,593,758 2,233,083 2,946,833
Financial StatementsBalance Sheets at 30 June 2005 (cont’d)GROUPBANK2005 2004 2003 2005 2004 2003Note MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000OtherCurrent Tax Liability 14A 185,088 56,519 78,433 161,699 39,113 60,633Deferred Tax Liability 14B 483,324 51,411 134,179 484,900 51,393 133,790Obligations under Finance Leases 15 - - - 621,404 743,960 760,361Other Liabilities 16 1,134,782 889,871 905,652 1,062,209 857,886 891,3701,803,194 997,801 1,118,264 2,330,212 1,692,352 1,846,154Minority <strong>In</strong>terest in Subsidiaries 21,008 18,462 28,193 - - -Shareholders’ EquityOrdinary Share Capital 17 325,052 325,052 336,203 325,052 325,052 336,203Reserves and Surplus 18 7,857,769 5,809,613 4,802,689 7,857,769 5,809,613 4,802,6898,182,821 6,134,665 5,138,892 8,182,821 6,134,665 5,138,892TOTAL 48,607,040 42,257,721 38,418,102 47,037,727 40,839,115 36,976,797US$/MRs Mid Exchange Rate as atBalance sheet date 29.47 28.15 29.25 29.47 28.15 29.25CONTINGENT LIABILITIES AND COMMITMENTS 19Acceptances, Guarantees, Letters of Credit,Endorsements and Other Obligations onAccount of Customers 5,014,389 4,612,736 3,992,326 4,769,808 4,312,376 3,787,964Credit Commitments 2,772,432 3,465,270 3,962,171 2,499,278 3,203,172 3,506,747<strong>In</strong>ward Bills held for Collection 335,561 277,156 325,557 229,757 251,163 315,176Outward Bills sent for Collection 616,699 687,454 213,547 480,669 687,454 213,5478,739,081 9,042,616 8,493,601 7,979,512 8,454,165 7,823,434C. Gunness M.K.T. Reddy, G.O.S.K.Chief ExecutiveChairman27A.L. HarelDirector (Chairman, Audit Committee)A.J. Poncini, G.O.S.K.DirectorDated: September 28, 2005