confidence - Investing In Africa

Financial StatementsNotes to the Accounts for the year ended 30 June 2005 (cont’d)31. CURRENCY RISK (cont’d)BANKAt 30 June 2005ASSETSMUR USD GBP EURO INR OTHER TOTALMRs’000 MRs’000 MRs’000 MRs’000 MRs’000 MRs’000 MRs’000Cash and Balances with Central Banks 1,573,053 14,311 5,749 14,496 60,492 4,310 1,672,411Balances with Other Banks 341,339 2,649,354 1,864,602 1,309,972 7,263 188,172 6,360,702Investments in Subsidiaries and Associates 677,400 442,648 - - - - 1,120,048Other Equity Investments 1,514,219 873 - - - - 1,515,092Placements - 335,958 60,088 - 70,215 - 466,261Investments in Gilt-edged Securities 8,005,316 - - - 926,676 - 8,931,992Securities, Placements and Other Investments 10,196,935 779,479 60,088 - 996,891 - 12,033,393Loans and Advances 19,625,376 1,503,554 13,703 798,245 1,410,383 40,514 23,391,775Tangible Fixed Assets 2,821,298 - - - 137,848 - 2,959,146Other Assets 251,999 207,052 2,574 4,654 153,601 420 620,300TOTAL ASSETS 34,810,000 5,153,750 1,946,716 2,127,367 2,766,478 233,416 47,037,727LIABILITIESDeposits 24,978,336 2,506,175 1,913,148 2,077,705 1,356,091 99,481 32,930,936Borrowings from Central Banks 247,829 - - - - - 247,829Borrowings from Other Banks - 2,115,112 47,527 690,825 424,768 - 3,278,232Other Borrowings - - - - 67,697 - 67,697Current Tax Liability 161,699 - - - - - 161,699Deferred Tax Liability 465,729 - - - 19,171 - 484,90063Obligations under Finance Leases 621,404 - - - - - 621,404Other Liabilities 914,605 69,696 1,167 50,219 25,536 986 1,062,209TOTAL LIABILITIES 27,389,602 4,690,983 1,961,842 2,818,749 1,893,263 100,467 38,854,906Net Assets 7,420,398) 462,767) (15,126) (691,382) 873,215) 132,949) 8,182,821)Shareholders' Equity (7,599,198) (126,885) -) -) (418,839) (37,899) (8,182,821)Net on balance sheet position (178,800) 335,882) (15,126) (691,382) 454,376) 95,050) -))Off balance sheet net notional position -) 171,180) 22,941) 720,340) (54,104) (23,286) 837,071)(178,800) 507,062) 7,815) 28,958) 400,272) 71,764) 837,071)