confidence - Investing In Africa

Financial StatementsNotes to the Accounts for the year ended 30 June 2005 (cont’d)7F. LOANS TO ENTITIES OUTSIDE MAURITIUS (BY MAURITIUS OPERATIONS)GROUPBANK2005 2004 2003 2005 2004 2003MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000Banks - - 73,125 - - 73,125Other Entities 768,346 652,239 1,141,545 768,346 652,239 1,141,545768,346 652,239 1,214,670 768,346 652,239 1,214,6707G. LOANS BY OVERSEAS OPERATIONSGROUPBANK2005 2004 2003 2005 2004 2003MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000Government - - 13,823 - - -Other Entities 2,319,098 2,155,137 2,033,890 1,480,406 1,595,079 1,162,0742,319,098 2,155,137 2,047,713 1,480,406 1,595,079 1,162,0748. TANGIBLE FIXED ASSETSGROUP Freehold OtherLand and Leasehold Tangible MotorBuildings Buildings Fixed Assets Vehicles TotalMRs' 000 MRs' 000 MRs' 000 MRs' 000 MRs' 000Cost or ValuationAt 1 July 2004 332,701 616,902 2,055,579 14,864 3,020,046Exchange Difference 12,832 - 2,652 118 15,602Revaluation 210,352 919,762 - - 1,130,114Additions 797 - 96,377 4,136 101,310Disposals -) -) (4,003) (2,854) (6,857)At 30 June 2005 556,682 1,536,664 2,150,605 16,264 4,260,21544Accumulated DepreciationAt 1 July 2004 42,949 104,508 1,161,001 8,833 1,317,291Exchange Difference 2,561 - 2,153 110 4,824Revaluation (48,021) (104,508) -) -) (152,529)Disposals -) -) (3,956) (2,760) (6,716)Charge for the Year 8,383 38,120 196,608 2,187 245,298At 30 June 2005 5,872 38,120 1,355,806 8,370 1,408,168Net Book ValueAt 30 June 2005 550,810 1,498,544 794,799 7,894 2,852,047Progress Payments on Tangible Fixed Assets 141,9432,993,990At 30 June 2004 289,752 512,394 894,578 6,031 1,702,755Progress Payments on Tangible Fixed Assets 56,3511,759,106At 30 June 2003 291,525 492,539 904,607 2,143 1,690,814Progress Payments on Tangible Fixed Assets 147,1641,837,978