 |
|
|
| |
|
|
| |
|
|
| FINANCIAL
COMMENTARY (continued) |
| |
|
| Net asset
value |
| Group net asset value in US dollars has increased
by 54,5% after adding back dividends paid during the year. |
| |
| |
| Change in NAV |
 |
| |
| Balance sheet |
| A simplified analysis of the group balance sheet
at 31 March 2006 after deconsolidating Bayport, is depicted
below. |
| |
| |
| |
|
NAV |
| |
|
US$158,0 million (2005: US$115,1 million) |
 |
| |
| Page
up |
| |
|
|
|
|
|
|
| |
|
 |
