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BALANCE SHEET |
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30 September |
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31 December |
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ASSETS |
2011 |
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2010 |
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JD |
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JD |
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Deposits at banks |
3,669,985 |
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|
2,999,631 |
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Financial assets held for trading |
ـــ |
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8,036,791 |
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Financial assets at fair value
through profit or loss |
8,928,105 |
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|
ـــ |
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Financial assets available for sale |
ـــ |
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|
20,556,425 |
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Financial assets at fair value
through other comprehensive income |
18,186,716 |
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|
ـــ |
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Financial assets held to maturity |
ـــ |
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|
974,121 |
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Financial assets at amortised cost |
972,610 |
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ـــ |
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Investment Properties |
24,061,046 |
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19,299,893 |
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Loans to Life Policy Holder |
509,762 |
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457,530 |
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Total Investments |
56,328,224 |
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52,324,391 |
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Cash on hand and at banks |
1,395,243 |
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2,074,440 |
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Checks under collection |
202,958 |
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267,048 |
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Accounts receivable |
3,481,901 |
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3,734,521 |
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Reinsurance receivable |
3,289,969 |
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3,297,390 |
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Deferred tax assets |
271,512 |
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785,851 |
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Property, plant and equipment |
970,295 |
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956,885 |
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Intangible assets |
105,000 |
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150,000 |
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Other assets |
1,307,651 |
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|
997,848 |
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Total Assets |
67,352,753 |
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64,588,374 |
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30 September |
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31 December |
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LIABILITIES AND SHAREHOLDERS' EQUITY |
2011 |
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2010 |
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|
JD |
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|
JD |
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Net unearned premiums provision |
4,495,500 |
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|
4,323,694 |
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Net outstanding claims provision |
3,708,507 |
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3,797,770 |
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Net mathematical provision |
2,996,918 |
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2,921,657 |
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Other technical provisions |
250,000 |
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|
250,000 |
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Total Technical Provisions |
11,450,925 |
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11,293,121 |
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Due to banks |
1,628,524 |
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|
ـــ |
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Accounts payable |
1,203,590 |
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1,496,460 |
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Accrued expenses |
133,703 |
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|
44,482 |
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Reinsurance payable |
4,082,758 |
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2,999,171 |
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Other Provisions |
104,892 |
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|
157,372 |
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Income tax provision |
1,172,038 |
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|
1,365,977 |
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Deferred tax liability |
ـــ |
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|
416,004 |
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Other liabilities |
5,523,878 |
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5,229,447 |
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Total liabilities |
25,300,308 |
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23,002,034 |
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Long Term Liabilities |
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Loans |
10,914,923 |
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8,829,883 |
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Shareholders' Equity |
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Paid up capital |
21,000,000 |
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|
20,000,000 |
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Statutory reserve |
3,647,674 |
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3,647,674 |
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Voluntary reserve |
1,200,000 |
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|
1,200,000 |
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Cumulative change in fair value |
( 677,376) |
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|
536,160 |
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Net gain for the period |
488,111 |
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ـــ |
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Retained earnings |
5,479,113 |
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|
7,372,623 |
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Total Shareholders' Equity |
31,137,522 |
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32,756,457 |
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Total Liabilities and Shareholders'
Equity |
67,352,753 |
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64,588,374 |
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