confidence - Investing In Africa

Financial StatementsNotes to the Accounts for the year ended 30 June 2005 (cont’d)7A. LOANS AND ADVANCESGROUPBANK2005 2004 2003 2005 2004 2003MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000Inland Bills purchased and discounted- Current 430,745 221,506 126,830 368,966 180,118 62,700Foreign Bills purchased and discounted- Current 583,487 184,969 247,361 577,506 178,277 226,490Overdrafts, Term Loans, Debentures and OtherAdvances repayable within 1 year 7,431,690 6,719,229 6,808,563 6,741,332 6,133,940 5,889,345Term Loans, Debentures and Other Advancesrepayable after 1 year 16,682,159 16,411,979 14,861,768 16,245,835 16,130,942 14,479,39725,128,081 23,537,683 22,044,522 23,933,639 22,623,277 20,657,932Less: Allowance for Credit Losses (Note 7D) (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 20,222,996The amounts of debentures included above are:GROUPBANK2005 2004 2003 2005 2004 2003MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000Quoted 18,822 28,233 106,240 18,822 28,233 106,240Unquoted 930,696 1,272,608 1,758,468 930,696 1,272,608 1,758,468949,518 1,300,841 1,864,708 949,518 1,300,841 1,864,708The market value of the above quoted debentures at the balance sheet date were as follows:GROUPBANK2005 2004 2003 2005 2004 2003MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000Market Value of Quoted Debentures 17,801 26,144 113,120 17,801 26,144 113,120The amount of net investment in finance leases included in loans and advances and the associated allowance for credit losses are as follows:40GROUPAfter one yearWithin and before Afterone year five years five years TotalMRs'000 MRs'000 MRs'000 MRs'0002005Gross Investment in Finance Leases 203,394 401,157 - 604,551Less: Unearned Finance Income (44,820) (57,293) -) (102,113)158,574 343,864 - 502,438Allowance for Credit Losses (18,078)484,3602004Gross Investment in Finance Leases 186,915 515,923 - 702,838Less: Unearned Finance Income (63,596) (97,520) -) (161,116)123,319 418,403 - 541,722Allowances for Credit Losses (20,077)521,6452003Gross Investment in Finance Leases 241,712 364,671 28,469 634,852Less: Unearned Finance Income (53,221) (71,231) (3,830) (128,282)188,491 293,440 24,639 506,570Allowance for Credit Losses (14,669)491,901