Consolidated Statement of Financial Position as of 31 December 2010
|
Note |
2010 US$'000 |
2009 US$'000 |
|
|
|
|
| ASSETS |
|
|
|
| Cash and cash equivalents |
14 |
52,811 |
37,919 |
| Financial investments |
15 |
604,613 |
572,276 |
| Deferred acquisition costs |
|
26,489 |
22,063 |
| Reinsurance assets comprising: |
|
|
|
| - Reinsurers' share of unearned premium |
26 |
20,350 |
21,444 |
| - Reinsurers' share of claims |
26 |
37,985 |
32,039 |
| - Debtors arising from reinsurance operations |
|
45,285 |
35,419 |
| Insurance receivables |
16 |
51,584 |
43,065 |
| Prepayments and accrued income |
17 |
10,601 |
14,088 |
| Other debtors |
18 |
10,594 |
25,388 |
| Current income tax assets |
|
10,022 |
1 |
| Deferred tax assets |
10 |
3,073 |
3,256 |
| Property and equipment |
19 |
798 |
942 |
| Intangible assets |
23 |
46,716 |
42,978 |
| Total assets |
|
920,921 |
850,878 |
|
|
|
|
| EQUITY |
|
|
|
| Called up share capital |
24 |
24,348 |
24,348 |
| Share premium account |
|
321,085 |
321,085 |
| Contributed surplus |
|
100,000 |
100,000 |
| Foreign exchange reserve |
|
(10,874) |
(9,990) |
| Profit and loss account |
|
(12,996) |
60,521 |
| Total equity and reserves |
|
421,563 |
495,964 |
|
|
|
|
| LIABILITIES |
|
|
|
| Insurance contract liabilities comprising: |
|
|
|
| - Provision for claims reported |
26 |
168,800 |
127,810 |
| - Provision for claims incurred but not reported |
26 |
144,369 |
83,545 |
| - Provision for unearned premium |
26 |
113,461 |
93,554 |
| Trade and other payables |
27 |
62,672 |
49,060 |
| Deferred tax liabilities |
10 |
10,056 |
945 |
| Total liabilities |
|
499,358 |
354,914 |
| Total liabilities and equity |
|
920,921 |
850,878 |
| Net assets per share |
|
US $1.73 |
US $2.04 |
| Net tangible assets per share |
|
US $1.54 |
US $1.86 |
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