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ANNUAL REPORT 2004

  
CONSOLIDATED STATEMENT OF INCOME  
 
    2004     2003  
  Note QR’000     QR’000
  
REVENUE            
Net insurance revenue   64,854     49,254  
Investment income 20 106,170     85,925  
Other income 16 3,464     2,870  
             
    -------------------     -----------------  
Total revenue   174,488     138,049  
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EXPENSES            
             
             
General and administration expenses   (44,396)     (32,868)  
Depreciation of property and equipment 8 (2,992)     (3,504)  
Provision for doubtful debts   (3,298)     (3,437)  
             
    -------------------     -----------------  
Total expenses   (50,686)     (39,809)  
    -------------------     -----------------  
             
Net Profit Before Minority Interest   123,802     98,240  
          -----------------  
             
Minority interest   251     -  
    -------------------     -----------------  
             
NET PROFIT FOR THE YEAR 17 124,053     98,240  
    -------------------     -----------------  
             
Adjusted Basic Earnings per Share (expressed in QR per share)            
18 7.12     5.64  
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