2001 Annual Report

Balance Sheets

As of December 31, 2001 and 2000
(US$ thousands)

[ Report of Independent Accountants | Balance Sheets | Statements of Income and Retained Earnings | Statements of Cash Flows | Notes ]

									2001		2000
ASSETS
	Cash								$ 3,576		$ 1,782
	Marketable Securities								50,436		62,312
	Loan and Equity Investments
		Loan Investments							279,755		269,644
			Less Allowance for Losses						(30,421)		(24,409)
									249,334		245,235
		Equity Investments							101,072		93,709
			Less Allowance for Losses						(27,032)		(15,961)
									74,040		77,748
				Total Investments					323,374		322,983
	Receivables and Other Assets								4,062		7,105
				Total Assets					$ 381,448		$ 394,182
LIABILITIES AND EQUITY
	Accounts Payable and Other Liabilities								$ 6,319		$ 3,381
	Interest and Commitment Fees Payable								24		1,517
	Borrowings								105,000		160,000
				Total Liabilities					111,343		164,898
	Capital
				Authorized: 70,370 shares (Par value US$10,000) Subscribed shares					681,910		662,040
				Less Subscriptions Receivable					(401,885)		(438,165)
									280,025		223,875
	Retained (Deficit) Earnings								(9,920)		5,409
				Total Liabilities and Equity					$ 381,448		$ 394,182

The accompanying notes are an integral part of these financial statements.