BALANCE SHEET AS OF 31st DECEMBER 2003   SCHEDULE 31st DEC., 2003 31st DEC., 2002   Nu.                ch Nu.                ch ASSETS Cash & Bank Balances 1 2,509,359,510.84 2,979,789,128.34 Investments 2 566,909,240.15 338,039,404.62 Loans 3 2,402,614,600.50 1,688,408,958.17 Other Assets 4 26,797,530.89 11,988,857.35 Fixed Assets (at cost, less depreciation) 5 53,626,261.05 44,464,964.47 Total Assets 5,559,307,143.43 5,062,691,312.95   LIABILITIES Share Capital 6 119,008,000.00 59,504,000.00 Reserves 7 549,018,304.59 269,016,421.99 Deposits 8 4,587,063,185.16 4,522,207,860.64 Current Liabilities 9 106,476,520.23 85,064,722.57 Provisions 10 162,038,733.45 112,022,307.75 Proposed Dividend   35,702,400.00 14,876,000.00 Total Liabilities 5,559,307,143.43 5,062,691,312.95   Significant Accounting Policies & Notes on Accounts 11

The Schedules referred to above form part of the Balance Sheet. This is the Balance Sheet referred to in our report of even date.

T K GHOSE & CO.
Chartered Accountants