NATIONAL INVESTMENT TRUST LTD
Abridged Financial Statements- Half Year to 31 December 2006
					Unaudited		Audited
					31-Dec-06	31-Dec-05	30-Jun-06
					Rs 000	Rs 000	Rs 000
1.Statement of Assets and Liabilities
Investments
Portfolio of Domestic Securities					1,270,288	1,075,628	868,840
Portfolio of Overseas Securities					576,828	385,836	455,331
Fixed Income Securities					25,000	25,000	25,000
					1,872,116	1,486,464	1,349,171
Fixed Assets					803	1,135	967
Current Assets					49,077	63,385	33,078
Current Liabilities					(3,233)	(6,597)	(2,365)
Total Net Assets					1,918,763	1,544,387	1,380,851
Represented by:
Share Capital					456,750	456,750	456,750
Share Premium					19,693	19,693	19,693
Capital Reserve					192,838	164,885	172,886
Revaluation Reserve					1,181,122	844,683	654,662
Retained Profits					68,360	58,376	76,860
					1,918,763	1,544,387	1,380,851
Net Asset Value per Share					Rs 42.01	33.81	30.23
Net Asset Value per Share is made up of
Local listed shares					12.79	9.27	9.33
Local Hors-Cote shares and other quoted investments					2.03	0.88	1.17
Local Unquoted shares					12.97	13.40	8.53
Overseas investments					12.64	8.45	9.97
Fixed Income Securities					0.55	-	0.55
Cash & Liquid Assets					1.04	1.89	0.67
Other Net Assets / (Liabilities)					(0.01)	(0.08)	0.02
					42.01	33.81	30.23
NATIONAL INVESTMENT TRUST LTD
Abridged Financial Statements- Half Year to 31 December 2006
					Unaudited		Audited
					31-Dec-06	31-Dec-05	30-Jun-06
					Rs 000	Rs 000	Rs 000
2. Income and Distribution Account
Domestic Investment Income					18,343	17,860	31,723
Overseas Investment income					1,106	453	794
Other Income					1,350	1,005	2,145
Gain Realised on Sale of Investments					19,952	26,484	25,739
Unrealised Surplus on Revaluation of Portfolio					526,460	72,986	(99,668)
Total Income					567,211	118,788	(39,267)
Expenses					(6,462)	(5,104)	(10,817)
Net Income before tax					560,749	113,684	(50,084)
Income Tax					-	-	232
Net Income after tax					560,749	113,684	(49,852)
Transfer to Non-Distributable Reserves					546,412	99,470	(73,929)
Distributable Income generated for period					14,337	14,214	24,077
Increase in Net Asset Value for period					12.28	2.49	(1.09)
Distributable Earnings per share-cents					0.31	0.31	0.53
NATIONAL INVESTMENT TRUST LTD
Abridged Financial Statements- Half Year to 31 December 2006
3. Statement of Changes in Equity
				Share	Share	Capital	Revaluation	Retained
				Capital	Premium	Reserve	Reserve	Profit	Total
				Rs 000	Rs 000	Rs 000	Rs 000	Rs 000	Rs 000
Balance as at 1 July 2005				456,750	19,693	138,401	771,697	87,553	1,474,094
Profit on disposal of investments						26,484			26,484
Surplus on revaluation of portfolio							72,986		72,986
Profit for the period								14,214	14,214
Dividends paid								(43,391)	(43,391)
Balance as at 31 December 2005				456,750	19,693	164,885	844,683	58,376	1,544,387
Profit on disposal of investments						16,622			16,622
Transfer to distributable profits						(8,621)		8,621
Deficit on revaluation of portfolio							(190,021)		(190,021)
Profit for the period								9,863	9,863
Balance as at 30 June 2006				456,750	19,693	172,886	654,662	76,860	1,380,851
Profit on disposal of investments						19,952			19,952
Surplus on revaluation of portfolio							526,460		526,460
Profit for the period								14,338	14,338
Dividends paid								(22,838)	(22,838)
Balance as at 31 December 2006				456,750	19,693	192,838	1,181,122	68,360	1,918,763
NATIONAL INVESTMENT TRUST LTD
Abridged Financial Statements- Half Year to 31 December 2006
4.Cash Flow Statement
					Unaudited		Audited
					31-Dec-06	31-Dec-05	30-Jun-06
CASH FLOWS FROM OPERATING ACTIVITIES					Rs 000	Rs 000	Rs 000
Net profit before taxation					14,337	14,214	23,845
Depreciation					164	194	396
					14,501	14,408	24,241
MOVEMENT IN WORKING CAPITAL
Decrease/(increase) in other receivables					441	9,220	9,619
Increase in other payables					868	4,709	708
					1,309	13,929	10,327
Net cash generated from operating activities					15,810	28,337	34,568
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of investments					63,646	94,176	359,851
Purchase of investments					(40,092)	(93,320)	(306,469)
Purchase of Fixed Income Securities					-	-	(25,000)
Purchase of tangible fixed assets					-	(69)	(103)
Net Cash generated from / (Absorbed) in					23,554	787	28,279
			Investing Activities
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid					(22,838)	(43,391)	(43,391)
Net decrease in cash and cash equivalents					16,526	(14,267)	19,456
Cash and cash equivalents at start of period					30,622	99,798	11,167
Cash and cash equivalents at end of period					47,148	85,531	30,623
NOTES
1. The abridged financial statements of the company and of the group for the six months ended 31 December 2006 are unaudited.  They have been
1. prepared in compliance with International Financial Reporting Standards, using the same accounting policies and methods of computation followed
1. per the audited financial statements for the year ended 30 June 2006.
2. Copies of the abridged financial statements are available, free of charge, at the Company's registered office: 5th floor, Moorgate House, Sir William Newton Street, Port Louis.
These abridged financial statements are issued pursuant to listing rule 12.21.
The Board of Directors of the National Investment Trust Ltd accepts full responsibility for the accuracy of the information contained in these abridged financial statements.

'border-left:none' x:num>33.81            30.23 Net Asset Value per Share is made up of Local listed shares           12.79            9.27              9.33 Local Hors-Cote shares and other quoted investments             2.03            0.88              1.17 Local Unquoted shares           12.97          13.40              8.53 Overseas investments           12.64            8.45              9.97 Fixed Income Securities             0.55               -                0.55 Cash & Liquid Assets             1.04            1.89              0.67 Other Net Assets / (Liabilities)           (0.01)          (0.08)              0.02           42.01          33.81            30.23