ECIC IR 2023

ANNUAL Financial Statements for the year ended 31 March 2023

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

Notes to the Financial Statements

9. Financial assets and liabilities at fair value

2023 R’000

2022 R’000

Through profit or loss: Financial assets Bonds

4 663 784 1 411 669

2 749 218

Listed equities Money market

918 780 151 633 183 540

441 701 463 734

Collective investment scheme

6 980 888

4 003 171

Available for sale Unlisted equities*

652 207

575 140

Total financial assets

7 633 095

4 578 311

* Investment in the Afreximbank.

ECIC does not have the power to participate nor have control over the financial and operating policy decisions of its investees.

Financial liabilities Derivative instruments

(108 457)

-

Below is the breakdown for derivative instruments:

2023 R’000

2022 R’000

Bond options

4

- - - - - -

Equity and index futures

-

Forward exchange rate agreement

(108 461)

Interest rate futures Total return swap

- -

(108 457)

YOUR EXPORT RISK PARTNER

57