confidence - Investing In Africa

Financial StatementsNotes to the Accounts for the year ended 30 June 2005 (cont’d)32. INTEREST RATE RISKThe table below analyses the Group’s and Bank’s interest rate risk exposure at 30 June 2005 and 30 June 2004 in terms of theremaining period to the next contractual repricing date or to the maturity date, whichever is the earlier.The floating rate column represents the financial assets and liabilities which have floating rates of interest that do not reprice atset dates, but rather reprice whenever the underlying interest rate index changes.GROUPAt 30 June 2005ASSETSWithin 3 3-6 6-12 1-2 2-5 Over 5 Non-interestFloating Months Months Months Years Years Years Sensitive TotalMRs’000 MRs’000 MRs’000 MRs’000 MRs’000 MRs’000 MRs’000 MRs’000 MRs’000Cash and Balances with Central Banks - -) -) - - - - 1,894,720) 1,894,720Balances with Other Banks 4,064,594 1,880,466) -) - - - - 433,362) 6,378,422Equity Investments in Subsidiariesand Associates - -) -) - - - - 666,502) 666,502)Other Equity Investments - -) -) - - - - 1,652,948) 1,652,948)Placements - -) 466,261) - - - - -) 466,261)Loan to Associates - -) -) - - - - 9,263) 9,263)Investments in Gilt-edged Securities - 1,211,023) 1,150,408) 4,540,203 1,914,692 280,000 301,106 -) 9,397,432)Securities, Placements and Other Investments - 1,211,023) 1,616,669) 4,540,203 1,914,692 280,000 301,106 2,328,713) 12,192,406)Loans and Advances 20,384,299 2,797,118) 342,945) 454,642 369,592 413,699 274,865 90,921) 25,128,081)Less: Allowance for Credit Losses - -) -) - - - - (626,505) (626,505)Tangible Fixed Assets - -) -) - - - - 2,993,990) 2,993,990)Other Assets - -) -) - - - - 645,926) 645,926)TOTAL ASSETS 24,448,893 5,888,607) 1,959,614) 4,994,845 2,284,284 693,699 575,971 7,761,127) 48,607,040)LIABILITIES & SHAREHOLDERS’ EQUITY65Deposits 24,069,255 4,017,495) 1,344,445) 1,505,377 651,588 158,684 187 3,253,776) 35,000,807)Borrowings from Central Banks - 37,786) 30,148) 61,762 67,809 50,324 - -) 247,829)Borrowings from Other Banks - 2,765,600) 518,084) - - - - -) 3,283,684)Other Borrowings - 67,686) -) - - - - 11) 67,697)Current Tax Liability - -) -) - - - - 185,088) 185,088)Deferred Tax Liability - -) -) - - - - 483,324) 483,324)Other Liabilities - -) -) - - - - 1,134,782) 1,134,782)Shareholders' Equity and Minority Interest - - - - - - - 8,203,829) 8,203,829)TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY 24,069,255 6,888,567) 1,892,677) 1,567,139 719,397 209,008 187 13,260,810) 48,607,040)Interest Rate Repricing Gap 379,638 (999,960) 66,937) 3,427,706 1,564,887 484,691 575,784 (5,499,683)Cumulative Interest Rate Repricing Gap 379,638 (620,322) (553,385) 2,874,321 4,439,208 4,923,899 5,499,683 -)