BBK annual report eng 21.5.5

7 Non-trading investment securities (continued)The movements in provision for impairment on non-trading investment securities are as follows:OriginatedAvailable- Held-to- by the Total Totalfor-sale maturity Group 2004 2003BD ’000 BD ’000 BD ‘000 BD ’000 BD ’000Balance at 1 January 1,420 155 1,018 2,593 1,420Charge for the year 1,853 - 467 2,320 1,164Write back - - (499) (499) -Other movements 146 (155) - (9) 9Balance at 31 December 3,419 - 986 4,405 2,593Included under available-for-sale investments are unquoted investments amounting to BD 33.794 million (2003: BD 12.092 million) which are carriedat cost. This is due to the unpredictable nature of their future cash flows and the lack of suitable alternate methods for arriving at a reliable fair value.8 Investment in associated company2004 2003% of interest % of interestheld BD ‘000 held BD ‘000Bahrain Commercial Facilities Company B.S.C.(Incorporated in the Kingdom of Bahrain) 20.25 5,812 20.25 5,0819 Interest receivable and other assets2004 2003BD ’000 BD ’000Interest receivable 5,143 6,362Collateral pending sale 828 1,143Accounts receivable 1,338 767Positive fair value of derivatives (Note 25) 1,134 1,214Advance tax 348 3,395Deferred tax 421 434Prepaid expenses 497 387Other 1,582 28611,291 13,98810 Borrowings under repurchase agreementsThe proceeds from assets sold under repurchase agreements, at the year-end, amounted to BD 72.176 million (2003: BD 3.477 million). The assetssold under repurchase agreements were non trading investment securities of the Group amounting to BD 67.382 million (2003: BD 3.477 million).11 Term loansThe term loans were unsecured facilities obtained for general financing purposes and comprised:Carrying amountAmount of facility Maturity 2004 2003US$ ’000 Rate of interest (Year) BD ’000 BD ’000100,000 Libor + 0.50% 2004 - 37,700- 37,700Annual Report 2004 44 | 45