FirstCaribbean International Bank (Bahamas) Limited

Notes to Consolidated Financial StatementsFor the year ended October 31, 2009(Expressed in thousands of Bahamian dollars)6. Financial Assets at Fair Value through Profit or Loss2009 2008Financial assets held for tradingGovernment bonds $ – $ 4,869Corporate bonds – 65,859Asset-backed securities – 232,922Other securities – investment fund – –– 303,650Add: Interest receivable – 1,286Total financial assets held for trading $ – $ 304,936The effective yield on the financial assets held for trading during the year was 5.08% (2008: 3.5%).7. Other Assets2009 2008Branch clearings $ (3,493) $ 12,621Suspense accounts (1,438) (1,795)Other accounts receivable, including clearings 5,395 18,398Prepayments and deferred items 2,035 9488. Investment Securities$ 2,499 $ 30,1722009 2008Available-for-sale securitiesGovernment bonds $ 312,946 $ 330,641Corporate bonds 255,493 429,898Total Available-for-sale securities 568,439 760,539Add: Interest receivable 11,820 16,397Total investment securities $ 580,259 $ 776,936Debt securities issued or guaranteed by the Government of The Bahamas amounted to $186,248 (2008: $150,999). Theeffective yield during the year on investment securities was 5.4% (2008: 5.8%).The movement in investment securities may be summarised as follows:2009 2008Balance, beginning of year $ 760,539 $ 879,760Additions 162,629 349,016Disposals – sales and redemptions (389,602) (434,547)Gain (loss) from changes in fair value (Note 16) 34,070 (34,134)Gain from change in unamortized premium 803 444Balance, end of year 2009 $ 568,439 $ 760,53938