MFC Merchant Bank SA

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Year	Equity	Capital	Reserves	Balance
2002	34,734	25,500	9,234	98,453
2003	34,734	25,500	9,234	123,442
2004	34,734	25,500	9,234	146,239
2005	34,734	25,500	9,234	148,913
2006	34,734	25,500	9,234	111,442