confidence - Investing In Africa

More documents

Recommendations

Info

Financial StatementsNotes to the Accounts for the year ended 30 June 2005 (cont’d)32. INTEREST RATE RISK (cont’d)GROUPAt 30 June 2004ASSETSWithin 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 -) -) - - -) - - 2,040,409) 2,040,409)Balances with Other Banks 14) 1,672,337) - - -) - - 417,828) 2,090,179)Equity Investments in Subsidiariesand Associates -) -) - - -) - - 616,340) 616,340)Other Equity Investments -) -) - - -) - - 1,515,137) 1,515,137)Placements -) -) - 40,390 -) - - -) 40,390)Investments in Gilt-edged Securities -) 2,679,896) 3,723,843 3,681,927 972,993) 30,580 - -) 11,089,239)Loan to Associates -) -) - - -) - - 8,849) 8,849)Securities, Placements and Other Investments -) 2,679,896) 3,723,843 3,722,317 972,993) 30,580 - 2,140,326) 13,269,955)Loans and Advances 17,628,267) 2,874,915) 350,502 764,980 529,649) 919,891 385,925 83,554) 23,537,683)Less: Allowance for Credit Losses -) -) - - -) - - (865,500) (865,500)Tangible Fixed Assets -) -) - - -) - - 1,759,106) 1,759,106)Other Assets -) -) - - -) - - 425,889) 425,889)TOTAL ASSETS 17,628,281) 7,227,148) 4,074,345 4,487,297 1,502,642) 950,471 385,925 6,001,612) 42,257,721)LIABILITIES & SHAREHOLDERS’ EQUITYDeposits 19,242,199) 5,056,096) 1,308,578 1,860,230 1,581,118) 287,882 1,707 3,534,443) 32,872,253)66Borrowings from Central Banks -) 15,061) 32,679 63,039 126,079) 77,236 26,888 1,716) 342,698)Borrowings from Other Banks -) 1,801,007) 78,820 - -) - - 12,015) 1,891,842)Current Tax Liability -) -) - - -) - - 56,519) 56,519)Deferred Tax Liability -) -) - - -) - - 51,411) 51,411)Other Liabilities -) -) - - -) - - 889,871) 889,871)Shareholders' Equity and Minority Interest - - - - - - - 6,153,127) 6,153,127)TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY 19,242,199) 6,872,164) 1,420,077 1,923,269 1,707,197) 365,118 28,595 10,699,102) 42,257,721)Interest Rate Repricing Gap (1,613,918) 354,984) 2,654,268 2,564,028 (204,555) 585,353 357,330 (4,697,490)Cumulative Interest Rate Repricing Gap (1,613,918) (1,258,934) 1,395,334 3,959,362 3,754,807) 4,340,160 4,697,490 -)
Financial StatementsNotes to the Accounts for the year ended 30 June 2005 (cont’d)32. INTEREST RATE RISK (cont’d)BANKAt 30 June 2005ASSETSWithin 3 3-6 6-12 1-2 2-5 Over 5 Non-interestFloating Months Months Months Years Years Years Bearing TotalMRs’000 MRs’000 MRs’000 MRs’000 MRs’000 MRs’000 MRs’000 MRs’000 MRs’000Cash and Balances with Central Banks -) -) -) - - - - 1,672,411) 1,672,411)Balances with Other Banks 4,064,594) 1,869,878) -) - - - - 426,230) 6,360,702)Equity Investments in Subsidiariesand Associates -) -) -) - - - - 1,120,048) 1,120,048)Other Equity Investments -) -) -) - - - - 1,515,092) 1,515,092)Placements -) -) 466,261) - - - - -) 466,261)Investments in Gilt-edged Securities -) 1,048,271) 983,902) 4,444,472 1,874,241 280,000 301,106 -) 8,931,992)Securities, Placements and Other Investments -) 1,048,271) 1,450,163) 4,444,472 1,874,241 280,000 301,106 2,635,140) 12,033,393)Loans and Advances 19,264,210) 2,781,585) 338,430) 446,975 355,878 383,993 274,865 87,703) 23,933,639)Less: Allowance for Credit Losses -) -) -) - - - - (541,864) (541,864)Tangible Fixed Assets -) -) -) - - - - 2,959,146) 2,959,146)Other Assets -) -) -) - - - - 620,300) 620,300)TOTAL ASSETS 23,328,804) 5,699,734) 1,788,593) 4,891,447 2,230,119 663,993 575,971 7,859,066) 47,037,727)LIABILITIES & SHAREHOLDERS’ EQUITYDeposits 24,132,523) 3,435,183) 869,449) 1,182,118 66,619 35,990 187 3,208,867) 32,930,936)Borrowings from Central Banks -) 37,786) 30,148) 61,762 67,809 50,324 - -) 247,829)Borrowings from Other Banks -) 2,760,148) 518,084) - - - - -) 3,278,232)67Other Borrowings -) 67,686) -) - - - - 11) 67,697)Current Tax Liability -) -) -) - - - - 161,699) 161,699)Deferred Tax Liability -) -) -) - - - - 484,900) 484,900)Obligations under Finance Leases 621,404) -) -) - - - - -) 621,404)Other Liabilities -) -) -) - - - - 1,062.209) 1,062.209)Shareholders' Equity - - - - - - - 8,182,821) 8,182,821)TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY 24,753,927) 6,300,803) 1,417,681) 1,243,880 134,428 86,314 187 13,100,507) 47,037,727)Interest Rate Repricing Gap (1,425,123) (601,069) 370,912) 3,647,567 2,095,691 577,679 575,784 (5,241,441)Cumulative Interest Rate Repricing Gap (1,425,123) (2,026,192) (1,655,280) 1,992,287 4,087,978 4,665,657 5,241,441 -)
Page 5 and 6:
embracing change with confidencecon
Page 7:
Corporate ProfileSBM Group offers a
Page 10 and 11:
key financial indicatorsRestated*20
Page 12 and 13:
Caution regardingforward-looking st
Page 14:
confidence to move with the times
Page 17 and 18: Directors’ Report to the Sharehol
Page 23 and 24: Statement of Management’s Respons
Page 26 and 27: Report of the Auditors to the Share
Page 28 and 29: Financial StatementsBalance Sheets
Page 30 and 31: Financial StatementsStatements of I
Page 32 and 33: Financial StatementsCash Flow State
Page 34 and 35: Financial StatementsNotes to the Ac
Page 76: confidence to meet today’s challe
Page 79 and 80: Management Discussions & AnalysisRA
Page 81 and 82: Management Discussions & AnalysisOp
Page 101 and 102: Management Discussions & AnalysisFI
Page 103 and 104: Management Discussions & AnalysisFi
Page 114 and 115: Corporate Governance ReportSBM has
Page 116 and 117: Corporate Governance ReportCorporat
Page 118 and 119:
Corporate Governance ReportCorporat
Page 120 and 121:
Page 122 and 123:
Page 124:
confidence to foster growth
Page 127 and 128:
Board of DirectorsHarel, Antoine L.
Page 129 and 130:
Board CommitteesRemuneration Commit
Page 131 and 132:
Directors of SubsidiariesSBM LEASE
Page 134 and 135:
Executive ManagementCHIEF EXECUTIVE
Page 136 and 137:
Executive ManagementExecutive Manag
Page 138:
Group Addresses136CORPORATE OFFICES
show all

confidence - Investing In Africa

Create successful ePaper yourself

Delete template?

Save as template?