NSE Annual Reports - The Nigerian Stock Exchange

NOTES TO THE CONSOLIDATED AND SEPARATEFINANCIAL STATEMENTS (CONT’D)FOR THE YEAR ENDED 31 DECEMBER 201217Other InvestmentsGroup Group Group Exchange Exchange Exchange31 Dec 31 Dec 01 Jan 31 Dec 31 Dec 01 JanIn thousands of naira 2012 2011 2011 2012 2011 2011Held-to-maturity investments 1,989,408 401 401 1,989,408 401 401Financial assets- held for trading 253,041 217,654 290,569 - 15,290 16,006Available for Sale investments 90,000 - - - - -Carrying amount 2,332,449 218,055 290,970 1,989,408 15,691 16,407Non-current 343,041 217,654 290,569 - 15,290 16,006Current 1,989,408 401 401 1,989,408 401 401Carrying amount 2,332,449 218,055 290,970 1,989,408 15,691 16,407(a)(b)The financial assets which are held for trading, are equity securities that otherwise would have beenclassified as available-for-sale. Included in held to maturity investments are investment of refundsamounting to N823 million which were received from the ex-council members and is the subject of alitigation on account of a dispute over the basis of initial payment.The financial assets which are available for sale, are equity investments in NASD amounting to N40,000,000and also investments in FMDQ amounting to N50,000,000.Group Group Group Exchange Exchange Exchange31 Dec 31 Dec 01 Jan 31 Dec 31 Dec 01 JanIn thousands of naira 2012 2011 2011 2012 2011 2011(c)Held to Maturity InvestmentsGovernment bonds - 401 401 - 401 401Treasury bills 1,989,408 - - 1,989,408 - -Carrying amount 1,989,408 401 401 1,989,408 401 40156A N N U A L R E P O R T & A C C O U N T S 2 0 1 2