 |
|
INVESTOR INFORMATION
|
|
|
|
|
ANNUAL REPORT 2004 |
|
| CONSOLIDATED BALANCE
SHEET |
|
| |
| |
|
2004 |
|
|
2003 |
|
| |
Note |
QR’000
|
|
|
QR’000
|
|
| ASSETS |
|
|
|
|
|
|
| Cash and bank balances |
3 |
311,292
|
|
|
219,976 |
|
| Investments |
4 |
1,284,130
|
|
|
976,306 |
|
| Accounts receivable |
5 |
47,287
|
|
|
34,265 |
|
| Reinsurance balances receivable |
6 |
51,807
|
|
|
38,517 |
|
| Investment properties |
7 |
16,890
|
|
|
17,910 |
|
| Property and equipment |
8 |
34,094
|
|
|
17,740 |
|
| Other assets |
9 |
9,435
|
|
|
8,364 |
|
| |
|
------------------- |
|
|
------------------ |
|
| TOTAL ASSETS |
|
1,754,935
|
|
|
1,313,078 |
|
| |
|
------------------- |
|
|
------------------ |
|
LIABILITIES AND SHAREHOLDERS’
EQUITY LIABILITIES |
|
|
|
|
|
| Insurance reserves |
10 |
110,819
|
|
|
89,348 |
|
| Reinsurance balances payable |
|
84,691
|
|
|
59,839 |
|
| Other liabilities and provisions |
11 |
99,888
|
|
|
78,077 |
|
| |
|
|
|
|
|
|
| |
|
------------------- |
|
|
----------------- |
|
| TOTAL LIABILITIES |
|
295,398
|
|
|
227,264 |
|
| |
|
------------------- |
|
|
----------------- |
|
| |
|
|
|
|
|
|
| Minority interest in subsidiary |
|
21,056
|
|
|
- |
|
| |
|
------------------- |
|
|
----------------- |
|
| SHAREHOLDERS’ EQUITY |
|
|
|
|
|
|
| Share capital |
12 |
174,240 |
|
|
145,200 |
|
| Legal reserve |
13 |
87,120 |
|
|
72,600 |
|
| General reserve |
14 |
287,000 |
|
|
287,000 |
|
| Proposed issue of bonus shares |
|
52,272 |
|
|
29,040 |
|
| Proposed dividend |
15 |
34,848 |
|
|
29,040 |
|
| Fair value reserve |
|
785,232 |
|
|
485,905 |
|
| Retained earnings |
|
17,769 |
|
|
37,029 |
|
| |
|
|
|
|
|
|
| |
|
------------------- |
|
|
----------------- |
|
| TOTAL SHAREHOLDERS’ EQUITY |
|
1,438,481
|
|
|
1,085,814 |
|
| |
|
------------------- |
|
|
----------------- |
|
| |
|
|
|
|
|
|
| TOTAL LIABILITIES AND SHAREHOLDERS’
EQUITY |
|
1,754,935
|
|
|
1,313,078 |
|
| |
|
------------------- |
|
|
----------------- |
|
| |
| These financial statements were authorized for
issue by the Board of Directors on January 16, 2005. |
| |
| |
| H.E. Sheikh Khalid Bin Mohammed Bin Ali Al-Thani
|
Khalifa Abdulla Al Subaey |
| Chairman and Managing Director |
General Manager and Board Member |
| |
|
|
