| |
| |
| CONSOLIDATED BALANCE SHEET as at 31 December 2008 |
| |
|
|
| |
2008 |
2007 |
| ASSETS |
|
|
| Cash and cash equivalents |
1,541,872 |
1,387,062 |
| Insurance and other receivables |
439,943 |
404,705 |
| Reinsurance contract assets |
900,728 |
717,778 |
| Investments |
2,722,382 |
3,059,307 |
| Investment properties |
401,102 |
261,048 |
| property and equipment |
33,153 |
30,788 |
| |
|
|
| TOTAL ASSETS |
6,039,182 |
5,860,686 |
| |
|
|
| LIABILITIES AND EQUITY |
|
|
| |
|
|
| LIABILITIES |
|
|
| Short term borrowings |
956,600 |
486,200 |
| Provisions, reinsurance and other payables |
661,105 |
579,175 |
| Insurance contract liabilities |
1,732,081 |
1,299,630 |
| |
|
|
| TOTAL LIABILITIES |
3,349,786 |
2,365,005 |
| |
|
|
| EQUITY |
|
|
| Share capital |
424,710 |
424,710 |
| Legal reserve |
601,854 |
565,498 |
| General reserve |
287,000 |
287,000 |
| Fair value reserve |
612,326 |
1,563,992 |
| Retained earnings |
637,301 |
555,950 |
| |
|
|
| Equity Attributable to Equity Holders of the Parent |
2,563,191 |
3,397,150 |
| Minority Interest |
126,203 |
98,531 |
| |
|
|
| Total equity |
2,689,394 |
3,495,681 |
| |
|
|
| TOTAL LIABILITIES AND EQUITY |
6,039,180 |
5,860,686 |
| |
These financial statements were approved by the Board of Directors and were signed on their behalf by the following on 27 January 2009 |
|
| |
HE Sheikh Khalid Bin Mohammed Bin Ali Al- Thani
Chairman and Managing Director |
Khalifa Abdulla Al-Subaey
President & CEO |
|
|
