Given:

Rs. '000
Market treasury bills (@ 6.58% to 8.41% - 6 months and 1 year):
- held for trading 27,677
- available for sale 553,453
- held to maturity 3396,750
Fully paid up ordinary shares in listed companies:
- held for trading 43,683
- available for sale 59,777
Term finance certificates (listed TFCs: Rs. 32,642)
- available for sale 32,642
- held to maturity 193,578
Pakistan investment bonds (@ 5 to 12% - 3, 5, 10 & 15 years)
- available for sale 215,134
- held to maturity 989,056
Sukook bonds (@ 8 to 12% - 10 years)
- held to maturity 70,000
Government bonds:
- held to maturity (issued by Federal Government to settle dues of 8,500
Sindh Sugar Mill @ 5%)
Investment in associates:
- ABC (Private) Limited 200,000
- LMN (Private) Limited 41,700
- XYZ Insurance Limited 6,300
Investments in subsidiaries:
- Agha Securities (Private) Limited 13,200
Deficit on revaluation of:
- held for trading securities 660
- available for sale investments 6,440
Surplus on revaluation of:
- securities in associates 4,150

Required:
(a) Amount to be disclosed in balance sheet as on December 31st, 2008;
(b) Disclosures in notes to financial statements as per regulations.

Solution:
(a):
Balance Sheet (extracts)
As on December 31, 2008

Notes Rs. '000

ASSETS
Investments 11 5,848,500

(b):
Notes to the Financial Statements:
Notes Rs. '000
11. Investments
11.1 Investments by Nature:
Held for trading:
Market treasury bills
27,677
Fully paid up ordinary shares in listed companies
43,683
71,360
Available for sale:
Market treasury bills
553,453
Fully paid up ordinary shares in listed companies
59,777
Term finance certificates - listed
32,642
Pakistan investment bonds
215,134
861,006
Held to maturity:
Market treasury bills
3,396,750
Term finance certificates - unlisted
193,578
Pakistan investment bonds
989,056
Sukook bonds
70,000
Government bonds
8,500
4,657,884
Investments in associates:
ABC (Private) Limited
200,000
LMN (Private) Limited
41,700
XYZ Insurance Limited
6,300
248,000
Investments in subsidiaries:
Agha Securities (Private) Limited
13,200
Total investments at cost 5,851,450
Surplus/(Deficit) on revaluation of:
- held for trading securities 660
- Available for sale securities (6,440)
- Securities in associates
4,150
Total investments at market value
5,848,500
 11.2 Investments by Segments:
Federal Government Securities:
Market treasury bills 11.3
3,977,880
Pakistan investment bonds 11.4
1,204,190
Sukook bonds 11.5
70,000
Government bonds 11.6
8,500
5,260,570
Fully paid up shares:
In listed companies
103,460
In unlisted companies
0
103,460
Term Finance Certificates (TFCs)/Participation Term
Certificates (PTCs)/Debentures/Bonds:
Listed TFCs
32,642
Unlisted TFCs
193,578
262,220
Investments in associates
248,000
Investments in subsidiaries
13,200
Total investments at cost 5,851,450
Surplus/(Deficit) on revaluation of:
- held for trading securities 660
- available for sale securities (6,440)
- investments in associates
4,150
Total investments at market value
5,848,500

11.3 Market treasury bills represent bills for the period of 6 months and 1 year. The effective
rate of profits on market treasury bills range between 6.58% to 8.41%. (2007: ___% to
___%) per annum with maturities up to _____, 20__.
11.4 Pakistan Investment Bonds (PIBs) are for periods of 3, 5, 10 and 15 years. The rates of
profit range between 5% to 12% (2007: ____% to ____%) per annum with maturities up to
________, 20__.
11.5 Sukook bonds are issued by _____ for a period of 10 years. The rates of profit range
between 8% to 12% (2007: _____% to _____%) per annum.
11.6 Government bonds are issued by the Federal Government to settle dues of Sindh Sugar Mill
at the rate of 5% (2007: ____%) per annum redeemable on maturity in _______, 20__.
11.7 The market value of securities classified as 'held to maturity' amounted to Rs. _______
(2007: Rs. _____) as at December 31, 2008.