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| Condensed Consolidated Statement Of Financial Position As at 30 September 2009 |
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September 30 2009 |
31 December 2008 |
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Un audited |
Audited |
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| ASSETS |
|
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| Cash and cash equivalents |
2,501,147 |
1,541,872 |
| Insurance and other receivables |
545,949 |
439,943 |
| Reinsurance contract assets |
1,028,777 |
900,728 |
| Investments |
2,725,606 |
2,722,382 |
| Investment properties |
396,970 |
401,102 |
| Property and equipment |
31,990 |
33,153 |
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|
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| TOTAL ASSETS |
7,230,439 |
6,039,180 |
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| LIABILITIES AND EQUITY |
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|
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| LIABILITIES |
|
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| Short term borrowings |
1,428,000 |
956,600 |
| Insurance contract liabilities |
2,034,488 |
1,732,081 |
| Provisions, reinsurance and other payables |
701,867 |
661,105 |
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|
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| TOTAL LIABILITIES |
4,164,355 |
3,349,786 |
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| EQUITY |
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| Share capital |
743,243 |
424,710 |
| Legal reserve |
461,646 |
601,854 |
| General reserve |
287,000 |
287,000 |
| Fair value reserve |
652,561 |
612,326 |
| Retained earnings |
778,854 |
637,301 |
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|
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| Equity Attributable to Equity Holders of the Parent |
2,923,304 |
2,563,191 |
| Non-controlling interest |
142,780 |
126,203 |
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| Total equity |
3,066,084 |
2,689,394 |
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|
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| TOTAL LIABILITIES AND EQUITY |
7,230,439 |
6,039,180 |
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Notes : |
* 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, 2008. |
* The figures for the 9 month period ended September 30, 2009 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
Group President & CEO |
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