confidence - Investing In Africa

Financial StatementsNotes to the Accounts for the year ended 30 June 2005 (cont’d)31. CURRENCY RISK (cont’d)GROUPAt 30 June 2004ASSETSMUR USD GBP EURO INR OTHER TOTALMRs’000 MRs’000 MRs’000 MRs’000 MRs’000 MRs’000 MRs’000Cash and Balances with Central Banks 1,832,583 19,205 6,569 18,363 128,975 34,714 2,040,409Balances with Other Banks 229,851 1,403,869 84,754 286,946 15,310 69,449 2,090,179Investments in Subsidiaries and Associates 274,319 350,870 - - - - 625,189Other Equity Investments 1,492,041 22,777 - - - 319 1,515,137Placements - - - - 39,754 636 40,390Investments in Gilt-edged Securities 10,397,335 - - - 496,002 195,902 11,089,239Securities, Placements and Other Investments 12,163,695 373,647 - - 535,756 196,857 13,269,955Loans and Advances 18,364,218 1,014,275 3,402 1,321,711 1,484,087 484,490 22,672,183Tangible Fixed Assets 1,648,771 - - - 107,278 3,057 1,759,106Other Assets 189,040 21,181 13,810 62,135 132,341 7,382 425,889TOTAL ASSETS 34,428,158 2,832,177 108,535 1,689,155 2,403,747 795,949 42,257,721LIABILITIESDeposits 26,653,708 1,899,068 1,046,410 1,164,871 1,124,707 983,489 32,872,253Borrowings from Central Banks 342,698 - - - - - 342,698Borrowings from Other Banks - 1,084,791 24,535 537,719 230,070 14,727 1,891,842Current Tax Liability 50,338 - - - - 6,181 56,51962Deferred Tax Liability 39,918 - - - 11,493 - 51,411Other Liabilities 796,698 13,303 2,455 25,189 35,659 16,567 889,871TOTAL LIABILITIES 27,883,360 2,997,162 1,073,400 1,727,779 1,401,929 1,020,964 36,104,594Net Assets 6,544,798) (164,985) (964,865) (38,624) 1,001,818) (225,015) 6,153,127)Shareholders' Equity and Minority Interest (5,566,608) (255,048) -) -) (291,392) (40,079) (6,153,127)Net on balance sheet position 978,190 (420,033) (964,865) (38,624) 710,426) (265,094) -)Off balance sheet net notional position - 395,366) 948,591) 43,789) 79) 342,283) 1,730,108)978,190 (24,667) (16,274) 5,165) 710,505) 77,189) 1,730,108)