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Reports and Financials

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Consolidated Balance Sheet
As at 31 March 2005 (Unaudited)

  31-Mar
2005
US$ 000
Audited
31-Dec
2004
US$ 000
31-Mar
2004
US$ 000
ASSETS
Demand and call deposits with banks 50,290 28,077 28,543
Time deposits  294,528 309,437 229,993
Investments held for trading 166,989 172,942 164,427
Non-trading investments 391,329 338,785 318,918
Loans and advances 174,533 163,036 148,117
Investment properties 14,076 14,076 16,470
Other assets 33,590 32,834 65,627
Investments in associated companies 326,294 313,549 261,936
Property and equipment 5,557 5,767 5,110
Goodwill 10,570 9,491 10,228
TOTAL ASSETS 1,467,756    1,387,994 1,249,369
LIABILITIES AND EQUITY
LIABILITIES      
Due to banks and other financial institutions 529,044 461,389 366,266
Deposits from customers 261,269 266,747 241,108
Loans and Murabaha payable 142,195 128,899 125,851
Certificate of deposits - 40,000 70,000
Other liabilities 63,642 37,247 82,716
Bonds 123,827 123,223 60,000
TOTAL LIABILITIES 1,119,977 1,057,505 945,941
EQUITY      
Share capital 200,000   200,000 200,000
Treasury shares (13,999)  (13,999) (13,999)
Statutory reserve 28,434 28,434 24,103
General reserve 8,919 8,919 4,588
Fair value reserve 28,353 9,710 11,677
Retained earnings 37,162 46,657 23,005
  288,869 279,721 249,374
MINORITY INTEREST 58,910  50,768 54,054 
TOTAL EQUITY 347,779 330,489 303,428
TOTAL LIABILITIES AND EQUITY 1,467,756 1,387,994 1,249,369


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