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CIC INSURANCE GROUP LIMITEDNotes to the Financial Statements continuedFor the year ended 31 December 201116 AVAILABLE - FOR - SALE INVESTMENTS– GROUP AND COMPANY2011 2010Sh’000 Sh’000Unquoted shares:Class ‘A’ Shares held in The Co-operative Bank of Kenya Limited 15,532 24,091Shares held in Allnations, Inc. – at cost 673 673The movement in available-for-sale investments is as follows:16,205 24,764At 1 January 24,764 1,941Fair value (losses)/gains (8,559) 22,823At 31 December 16,205 24,764The shares in The Co-operative Bank of Kenya Limited were acquired before the initial public offer (IPO) in 2009. The CooperativeBank of Kenya Limited shares are currently listed on the Nairobi Securities Exchange, however, there was anagreement for the shares held by corporation’s pre IPO Shareholders’ not to be traded for the first 5 years. These shareshave been revalued in the current year at the market rates.17 LOANS RECEIVABLE - GROUP AND COMPANYMortgage loans:2011 2010Sh’000 Sh’000At 1 January 180,000 179,423Loans advanced 52,579 33,288Loan repayments (25,915) (32,711)At 31 December 206,664 180,000Maturity profile of mortgage loans:Within 1 year 984 -In 1-5 years 15,577 8,742In over 5 years 190,103 171,258206,664 180,00018 LOANS RECEIVABLE - GROUP AND COMPANYOther loans:2011 2010Sh’000 Sh’000Staff loans 179,939 159,478Policy loans 17,391 17,079197,330 176,5572011 ANNUAL REPORT & FINANCIAL STATEMENTS PAGE 53