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| INTERIM CONSOLIDATED BALANCE SHEET as atMarch 31, 2008 |
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March 31, 2008
(Un-Audited)
QR'000 |
Dec 31,2007
Audited
QR'000 |
| ASSETS |
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| Cash and cash equivalents |
1,701,551 |
1,387,062 |
| Insurance and other receivables |
544,737 |
404,705 |
| Reinsurance contract assets |
736,218 |
717,778 |
| Investments |
2,954,895 |
3,059,307 |
| Intangible assets |
11,375 |
- |
| Investment properties |
268,656 |
261,048 |
| property and equipment |
32,928 |
30,786 |
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| TOTAL ASSETS |
6,250,360 |
5,860,686 |
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| LIABILITIES AND EQUITY |
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| LIABILITIES |
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| Short term borrowings |
959,000 |
486,200 |
| Insurance contract liabilities |
1,429,405 |
1,299,630 |
| Provisions, reinsurance and other payables |
668,459 |
579,175 |
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| TOTAL LIABILITIES |
3,056,864 |
2,365,005 |
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| EQUITY |
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| Share capital |
424,710 |
424,710 |
| Legal reserve |
565,547 |
565,498 |
| General reserve |
287,000 |
287,000 |
| Fair value reserve |
1,468,062 |
1,563,992 |
| Retained earnings |
346,578 |
555,950 |
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| Equity Attributable to Equity Holders of the Parent |
3,091,897 |
3,397,150 |
| Minority Interest in Subsidiary |
101,599 |
98,531 |
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| Total equity |
3,193,496 |
3,495,681 |
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| TOTAL LIABILITIES AND EQUITY |
6,250,360 |
5,860,686 |
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Notes : |
* The above figures pertains to the 1st Quarter ended March 31, 2008 only and are not indicative of the company's full year performance. |
* The computation of the above figures are consistent with the accounting policies applied in the preparation of the company financials for the year end closing as at December 31, 2007 |
* The figures for the 3 month period ended March 31, 2008 are not reviewed by the external auditors. |
* These results have been published in accordance with the stipulations from the Doha Securities Market. |
* Certain comparative amounts have been reclassified in order to conform with the presentation of the current period financial statements. |
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HE Sheikh Khalid Bin Mohammed Bin Ali Al- Thani
Chairman and Managing Director |
Khalifa Abdulla Al-Subaey
President & CEO |
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