NATIONAL INVESTMENT TRUST LTD
Abridged Financial Statements- Half Year to 31 December 2005
					Unaudited		Audited
					31-Dec-05	31-Dec-04	30-Jun-05
					Rs 000	Rs 000	Rs 000
1.Statement of Assets and Liabilities
Investments
Portfolio of Domestic Securities					1,075,628	1,088,184	1,047,112
Portfolio of Overseas Securities					385,836	305,278	315,738		342562.5
					1,461,464	1,393,462	1,362,850
Fixed Assets					1,135	1,387	1,260		53685
Current Assets					88,385	50,973	111,872
Current Liabilities					(6,597)	(5,017)	(1,888)
Total Net Assets					1,544,387	1,440,805	1,474,094
Represented by:
Share Capital					456,750	456,750	456,750
Share Premium					19,693	19,693	19,693
Capital Reserve					164,885	99,383	138,401
Revaluation Reserve					844,683	802,466	771,697
Retained Profits					58,376	62,513	87,553
					1,544,387	1,440,805	1,474,094
Net Asset Value per Share					Rs 33.81	Rs 31.54	32.27
Net Asset Value per Share is made up of
Local listed shares					9.27	9.27	8.53
Local Hors-Cote shares and other quoted investments					0.88	0.86	0.68
Local Unquoted shares					13.40	13.69	13.72
Overseas investments					8.45	6.68	6.91
Cash & Liquid Assets					1.89	1.08	2.18
Other Net Assets / (Liabilities)					(0.08)	(0.04)	0.25
					33.81	31.54	32.27
NATIONAL INVESTMENT TRUST LTD
Abridged Financial Statements- Half Year to 31 December 2005
					Unaudited		Audited
					31-Dec-05	31-Dec-04	30-Jun-05
					Rs 000	Rs 000	Rs 000
2. Income and Distribution Account
Domestic Investment Income					17,860	19,888	45,601
Overseas Investment income					453	784	1,571
Other Income					1,005	830	1,745
Gain Realised on Sale of Investments					26,484	8,901	21,035
Unrealised Surplus on Revaluation of Portfolio					72,986	215,351	213,236
Total Income					118,788	245,754	283,188
Expenses					(5,104)	(4,668)	(9,023)
Net Income before tax					113,684	241,086	274,165
Income Tax					-	-	210
Net Income after tax					113,684	241,086	274,375
Transfer to Non-Distributable Reserves					99,470	224,252	234,271
Distributable Income generated for period					14,214	16,834	40,104
Increase in Net Asset Value for period					2.49	5.28	6.00
Distributable Earnings per share-cents					0.31	0.37	0.88
NATIONAL INVESTMENT TRUST LTD
Abridged Financial Statements- Half Year to 31 December 2005
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 2004				456,750	19,693	90,482	587,115	79,935	1,233,975
Profit on disposal of investments						8,901			8,901
Surplus on revaluation of portfolio							215,351		215,351
Profit for the period								16,834	16,834
Dividends paid								(34,256)	(34,256)
Balance as at 31 December 2004				456,750	19,693	99,383	802,466	62,513	1,440,805
Profit on disposal of investments						40,788			40,788
Transfer to distributable profits						(1,770)		1,770
Deficit on revaluation of portfolio							(30,769)		(30,769)
Profit for the period								23,270	23,270
Balance as at 30 June 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
NATIONAL INVESTMENT TRUST LTD
Abridged Financial Statements- Half Year to 31 December 2005
4.Cash Flow Statement
					Unaudited		Audited
					31-Dec-05	31-Dec-04	30-Jun-05
CASH FLOWS FROM OPERATING ACTIVITIES					Rs 000	Rs 000	Rs 000
Net profit before taxation					14,214	16,834	39,895
Depreciation					194	253	542
					14,408	17,087	40,437
MOVEMENT IN WORKING CAPITAL
Decrease/(increase) in other receivables					9,220	2,533	(8,443)
Increase in other payables					4,709	2,679	285
					13,929	5,212	(8,158)
Net cash generated from operating activities					28,337	22,299	32,279
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of investments					94,176	32,267	257,774
Purchase of investments					(93,320)	(30,299)	(186,776)
Purchase of tangible fixed assets					(69)	-	(162)
Net Cash generated from / (Absorbed) in					787	1,968	70,836
			Investing Activities
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid					(43,391)	(34,256)	(34,256)
Net decrease in cash and cash equivalents					(14,267)	(9,989)	68,859
Cash and cash equivalents at start of period					99,798	59,337	30,939
Cash and cash equivalents at end of period					85,531	49,348	99,798
NOTES
1. The abridged financial statements of the company and of the group for the six months ended 31 December 2005 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 2005.
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.

eight:14.25pt'>    1,544,387   1,440,805     1,474,094 Net Asset Value per Share  Rs 33.81  Rs 31.54            32.27 Net Asset Value per Share is made up of Local listed shares             9.27            9.27              8.53 Local Hors-Cote shares and other quoted investments             0.88            0.86              0.68 Local Unquoted shares           13.40          13.69            13.72 Overseas investments             8.45            6.68              6.91 Cash & Liquid Assets             1.89            1.08              2.18 Other Net Assets / (Liabilities)           (0.08)          (0.04)              0.25           33.81          31.54            32.27 NATIONAL INVESTMENT TRUST LTD