Following is the consolidated balance sheet (000s omitted) of Worberg Bank, a U.S. financial institution with wholly owned corporate affiliates in London and Jerusalem. Cash and due from banks includes ILS100,000 and a ￡ 40,000 bank overdraft. Loans consist entirely of Israeli shekel receivables while consolidated deposits include ILS40,000 and ￡ 15,000. Worberg Bank adopts the local currency as the functional currency for its foreign affiliates and so translates all assets and liabilities (including owners’ equity) using the current rate. The exchange rate prevailing as of the balance sheet date was (￡/$/ILS= 1/2/4).

Required:

Prepare a multicurrency exposure report for Worberg Bank.

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Worberg Bank Consolidated Balance Sheet as of Year-End (000) 2006 2007 2008 2009 2010 2011 Visible trade balance (ZOEbn) Current account balance (ZOEbn) 21.6 21.9 27.3 215.8 213.8 Foreign direct investment (ZOEbn) Portfolio flows (ZOEbn) Foreign exchange reserves (ZOEbn 5.25 19.18 28.14 31.46 30.99 Real GDP growth %change yoy) 26.20 5.09 6.80 4.80 3.70 Consumer prices (% changes yoy) 51.97 27.70 15.72 18.60 12.32 Nominal GDP (ZOEbn) Nominal exchange rate to U.S.S 6.5 0.6 27.7 25.4 9.5 9.2 2 13 11.6 9.6 29.7 13.4 5.0 20.6 266.0 335.0 412.0 415.0 479.0 6.42 7.60 7.92 9.15 9.55 ? Cash and due from banks Loans Fixed assets Total 20,000 Deposits 100,000 S 50,000 30,000 Owners' eqity 100,000 150,000 150,000