| |
CONSOLIDATED BALANCE SHEET As at 31 December 2007 |
| |
|
|
|
|
| |
Notes |
2007 |
|
2006 |
| ASSETS |
|
|
|
|
| Cash and cash equivalents |
4 |
1,387,062 |
|
767,223 |
Insurance and other receivables |
|
5 |
404,705 |
|
216,987 |
| Reinsurance contract assets |
6 |
717,778 |
|
650,032 |
| Investments |
7 |
3,059,307 |
|
2,209,876 |
| Investment in associate company |
|
- |
|
25,178 |
| Investment properties |
8 |
261,048 |
|
122,886 |
| Property and equipment |
9 |
30,786 |
|
27,229 |
| |
|
|
|
|
| TOTAL ASSETS |
|
5,860,686 |
|
4,019,411 |
| |
|
|
|
|
| LIABILITIES |
|
|
|
|
| Short term borrowings |
10 |
486,200 |
|
- |
| Insurance contract liabilities |
6 |
1,299,630 |
|
997,067 |
| Provisions, reinsurance and other payables |
11 |
579,175 |
|
380,574 |
| |
|
|
|
|
| TOTAL LIABILITIES |
|
2,365,005 |
|
1,377,641 |
| |
|
|
|
|
| EQUITY |
|
|
|
|
| Share capital |
12 |
424,710 |
|
424,710 |
| Legal reserve |
13 |
565,498 |
|
512,420 |
| General reserve |
14 |
287,000 |
|
287,000 |
| Fair value reserve |
15
|
1,563,992 |
|
1,012,593 |
| Retained earnings |
|
555,950 |
|
382,160 |
| |
|
|
|
|
| Equity attributable to equity holders of the parent |
|
3,397,150 |
|
2,618,883 |
| Minority interest |
|
98,531 |
|
22,887 |
| Total equity |
|
3,495,681 |
|
2,641,770 |
| |
|
|
|
|
| TOTAL LIABILITIES & EQUITY |
|
5,860,686 |
|
4,019,411 |
| |
| |
| These financial statements were approved by the Board of Directors and were signed on their behalf by the following on 22 January 2008. |
|
HE Sheikh Khalid Bin Mohammed Bin Ali Al- Thani
Chairman and Managing Director |
Khalifa Abdulla Al-Subaey
General Manager |
|
|
