confidence - Investing In Africa

Financial StatementsNotes to the Accounts for the year ended 30 June 2005 (cont’d)4. SECURITIES, PLACEMENTS AND OTHER INVESTMENTS (cont’d)Remaining Term to Maturity (Cont’d)BANKNoWithin 3 3-6 6-12 1-2 2-5 Over 5 Specific 2005 2004 2003months months months years years years Maturity Total Total TotalMRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000(i) Investment SecuritiesGovernment Bonds - OLR 51,623 4,831 239,759 - 176,331 301,106 - 773,650 30,811 83,025Treasury Bills - OLR 918,740 979,071 4,173,545 1,825,433 - - - 7,896,789 10,040,306 6,879,581Securities of GovernmentBodies - OLR - - - 13,915 103,300 - - 117,215 47,644 51,514Equity Shares of Companies- Subsidiaries (Note 5) - - - - - - 453,546 453,546 726,228 806,290- Associates (Note 5) - - - - - - 666,502 666,502 616,340 558,925- Other - AFS (Note 6) - - - - - - 1,515,092 1,515,092 1,312,221 64,386970,363 983,902 4,413,304 1,839,348 279,631 301,106 2,635,140 11,422,794 12,773,550 8,443,721(ii) Trading Securities - HFTGovernment Bonds - - - - - - - - - 772,313Treasury Bills 77,908 - 31,168 35,262 - - - 144,338 244,937 1,146,16377,908 - 31,168 35,262 - - - 144,338 244,937 1,918,476(iii) Placements - OLRBanks - 466,261 - - - - - 466,261 40,390 41,643- 466,261 - - - - - 466,261 40,390 41,643Total 1,048,271 1,450,163 4,444,472 1,874,610 279,631 301,106 2,635,140 12,033,393 13,058,877 10,403,84038Bank placements with a maturity of over 3 months are classified within Securities, Placements and Other Investments.Included in Investment Securities for the Group and the Bank is an amount of MRs100 million maturing within 2-5 yearsrepresenting a capital sum earmarked by SBM and invested in Investment Securities, on which all income to be earned has beencommitted to be donated to three newly set-up trusts.5. INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES (UNQUOTED)GROUPBANK2005 2004 2003 2005 2004 2003MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000Equity Investments in Subsidiaries - - - 453,546 726,228 806,290Equity Investments in Associates 666,502 616,340 559,155 666,502 616,340 558,925666,502 616,340 559,155 1,120,048 1,342,568 1,365,215Loan to Associate 9,263 8,849 9,156 - - -675,765 625,189 568,311 1,120,048 1,342,568 1,365,215The loan to associate by the Group does not bear interest and does not have fixed terms of repayment.