confidence - Investing In Africa

Financial StatementsNotes to the Accounts for the year ended 30 June 2005 (cont’d)19E. CAPITAL COMMITMENTSGROUPBANK2005 2004 2003 2005 2004 2003MRs'000 MRs'000 MRs'000 MRs'000 MRs'000 MRs'000Approved and contracted for 52,425 21,500 137,860 52,425 21,500 137,860Approved and not contracted for 28,866 17,570 29,495 28,750 15,823 29,49519F. OPERATING LEASE COMMITMENTSGROUP AND BANKThe future minimum lease payments under non-cancellable operating leases are as follows:GROUP AND BANK2005 2004 2003MRs' 000 MRs' 000 MRs' 000Within 1 Year 10,204 7,746 8,211After 1 Year and before 5 Years 7,359 8,491 12,341After 5 Years 667 320 40018,230 16,557 20,95220. FINANCIAL DERIVATIVESGROUPNotionalPrincipalFair Values2005 Amount Positive Negative NetMRs’000 MRs’000 MRs’000 MRs’00054Forward Foreign Exchange Contracts 4,743,368) 76,724) (117,924) (41,200)Spot Foreign Exchange Contracts not yet delivered 690,091) 431) (514) (83)Currency Options and Futures Contracts 43,667 425 - 425Interest Rate Swap Contracts 1,501,963) 735) (878) (143)6,979,089) 78,315) (119,316) (41,001)BANKNotionalPrincipalFair ValuesAmount Positive Negative NetMRs’000 MRs’000 MRs’000 MRs’000Forward Foreign Exchange Contracts 4,778,244) 76,923) (118,328) (41,405)Spot Foreign Exchange Contracts not yet delivered 682,845) 431) (525) (94)Currency Options and Futures Contracts 43,667 425 - 425Interest Rate Swap Contracts 1,501,963) 735) (878) (143)7,006,719) 78,514) (119,731) (41,217)