FINANCIAL
STATEMENTS
Alliance Investment
is committed to providing transparency and
scrutiny in its operations. We are therefore
pleased to provide a summary of our 2003/2004
audited Financial Statements.
*Full set of
Audited Financial Results available at offices of
Alliance Investment Management Limited |
|
|
|
2004 |
2003 |
BALANCE SHEET
As at September 30,
2004
|
(000's) |
(000's) |
Assets
|
|
|
Cash
|
329,076 |
229,862 |
Accounts Receivable
& Prepaid
Expenses
|
137,793 |
162,496 |
Investments
|
2,652,667 |
2,256,114 |
Securities Purchased &
Resale
Agreements |
603,548 |
1,000,117
|
| Income Tax Recoverable |
17,680 |
20,127
|
Fixed Assets
|
16,783 |
3,806
|
| Other Assets |
28,197 |
20,870
|
Deferred Tax Assets
|
- |
5,650 |
| Interest in Subsidiary |
629 |
- |
|
3,786,373 |
3,699,042 |
|
|
|
Liabilities & Equity
|
|
|
| Liabilities: |
|
|
| Accounts Payable & Accrued Charges |
63,413 |
95,963
|
| Notes Payable |
906,671 |
429,263 |
| Repurchase Agreements |
2,661,342 |
3,066,079
|
|
|
|
| Owed to Related Company |
- |
1,030
|
| Deferred Tax Liability |
10,424 |
- |
| Shareholder's Equity |
144,523 |
106,707 |
|
3,786,373 |
3,699,042 |
|
|
|
INCOME STATEMENT
For year ended
September 30, 2004
|
|
|
| Operating Revenue |
524,568 |
495,706 |
Less:  Operating Expense |
( 51,164) |
( 44,639) |
| Interest Expense |
(404,735) |
(431,161) |
|
|
|
| Operating Profit |
68,669 |
19,906 |
|
|
|
| Other Income: |
|
|
| Gain on Sale
of Investment |
- |
9,596 |
| Miscellaneous Expenses |
(955) |
(132) |
| Exchange Gains/(Losses) |
1,919 |
(1,597) |
| Joint Venture Income |
1,600 |
750 |
| Income from Other Related Companies |
814 |
- |
| Bank Accounts |
(649) |
(1,705) |
|
|
|
| Profits before Income Tax |
71,398 |
26,818 |
|
|
|
| Income Tax Credit |
(14,107) |
11,130 |
|
|
|
| Net Profit after Tax |
57,291 |
37,948 | |
|
|
|
|
|
|
|
2004 |
|
2003 |
|
2002 |
|
|
|
|
|
|
|
| Return on Equity
(%) |
39.7% |
|
35.5% |
|
34.9% |
| Total Assets
(000's) |
3,786,373 |
|
3,699,042 |
|
2,871,945 |
| Profit after Tax
(000's) |
57,291 |
|
37,948 |
|
37,093 |
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