banif finance, ltd.

Balance SheetBanif S.A.Financial statements for year ended 31 December 200331 December 31 December2003111231111211211112200211112Prov. andGross11112Dep.11112Net11112Net11112AssetsCash and funds with Central Banks ............................ 192,206 192,206 83,953Sight deposits with Banks............................................ 49,061 43 49,018 70,779Other loans and advances to Banks ............................ 311,036 311,036 1,040,991Loans and advances to Clients .................................... 3,276,623 47,482 3,229,141 3,466,695Bonds and other fixed yield securities ........................ 136,560 188 136,372 43,495(a) Public ................................................................ 9,036 9,036 1,310(b) Other .................................................................. 127,524 188 127,336 42,185Shares and other variable yield securities.................... 41,455 9,244 32,211 21,538Shares and investments ................................................ 2,282 312 1,970 1,723Shares in related companies ........................................ 24,941 4,846 20,095 18,128Intangible fixed assets.................................................. 28,390 22,761 5,629 8,259Tangible fixed assets .................................................... 67,865 49,642 18,223 104,055(Of which: property) ................................................ 13,807 6,823 6,984 90,844Own sharesOther assets .................................................................. 60,523 3,139 57,384 53,839Accruals and deferrals.................................................. 73,405 73,405 47,407Loss for the period ......................................................11112 11112 11112 11112Total.............................................................................. 4,264,347 137,657 4,126,690 4,960,86211112 11112 11112 1111211112 11112 11112 11112F-7