THE BANK
					2019	2018	2017
					MUR'000	MUR'000	MUR'000
	Cost
	At 01 July				189,563	189,563	189,563
	Impairment loss recognised				(189,563)	-	-
	At 30 June				-	189,563	189,563
	The directors are of the opinion that the investment in subsidiary is fully impaired at 30 June 2019 as AfrAsia Investment Limited has accumulated losses and a shareholder's deficit.shareholder's deficit.
	The details of the direct and indirect subsidiaries are as follows:
			Country of	Class of	Effective % Holdings
			Incorporation	Shares	2019	2018	2017
	Direct subsidiary				%	%	%
	AfrAsia Investments Limited		Mauritius	Ordinary	100	100	100
	Indirect subsidiaries
	AfrAsia Capital Management Ltd		Mauritius	Ordinary	100	100	100
	AfrAsia Corporate Finance ((Pty)) Ltd (Formerly known as "Africa Asia Corporate Finance ((Pty)) Ltd")		South Africa	Ordinary	-	-	100
	AfrAsia Corporate Finance International Limited (Formerly known as "Africa Capital Advisors PCC")		Mauritius	Ordinary	-	-	100
	AfrAsia Corporate Finance (Africa) Limited (Note (b))		Mauritius	Ordinary	-	-	-
	AfrAsia Corporate Finance Limited (Note (b))		Mauritius	Ordinary	-	-	-
	AfrAsia Kingdom Holdings Limited ("AKHL") (Note (a & b)		Mauritius	Ordinary	-	-	-
	AfrAsia Special Opportunities Fund* (Note (a))		Mauritius	Ordinary	-	-	-