INTERIM CONSOLIDATED STATEMENT OF INCOME FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2006
(Amounts
in QR'000)
September 30, 2006
(Un-Audited))
September 30, 2005
(Un-Audited)
December 31, 2005
(Audited)
Revenue
Net Insurance Income
108,531
72,332
89,754
Investment Income
160,776
141,514
252,315
Other Income
2,931
3,069
4,165
Total Revenue
272,239
216,915
346,234
Expenses:
General and administrative expenses
44,194
40,988
55,832
Depreciation on property and equipment
2,895
2,459
3,385
Provision for doubtful debts
2,122
2,223
2,037
Total Expenses
49,210
45,670
61,254
Net Profit Before Minority Interest
223,029
171,246
284,980
Minority Interest
(71)
867
929
Net Profit for the Year
223,100
170,379
284,051
Notes :
The above figures pertain to the period ended September 30, 2006
only and are not indicative of the company's full year performance.
The computation of the above figures are in consistent with the accounting policies
applied in the preparation of the company financials for the year end closing as
at December 31, 2005
The figures for the 9 month period ended Sep 30, 2006 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.
HE Sheikh Khalid
Bin Mohammed Bin Ali Al- Thani Chairman
and Managing Director
