|
|
Notes |
2008 |
2007 | ||
|---|---|---|---|---|---|
| |||||
|
Revenue |
|
|
| ||
|
Gross written premiums |
|
5,895 |
4,793 | ||
|
Outward reinsurance premiums |
1J |
(569) |
(517) | ||
|
Net change in provision for unearned premiums |
1H |
1 |
7 | ||
|
Net premium earned |
|
5,327 |
4,283 | ||
|
Fees from fund management and investment contracts |
1G |
740 |
640 | ||
|
Investment return |
1Y/5 |
(37,749) |
13,225 | ||
|
Operational income |
1Z |
38 |
54 | ||
|
Total revenue |
3(ii) |
(31,644) |
18,202 | ||
|
|
|
|
| ||
|
Expenses |
|
|
| ||
|
Claims and change in insurance liabilities |
|
3,287 |
4,467 | ||
|
Reinsurance recoveries |
|
(587) |
(345) | ||
|
Net claims and change in insurance liabilities |
1F,H/6 |
2,700 |
4,122 | ||
|
Change in provisions for investment contract liabilities |
1G |
(33,313) |
11,999 | ||
|
Acquisition costs |
1F,G,H |
776 |
848 | ||
|
Finance costs |
1Q |
379 |
214 | ||
|
Other expenses |
1Z |
773 |
662 | ||
|
Transfers from unallocated divisible surplus1 |
1F |
(806) |
(438) | ||
|
Total expenses |
|
(29,491) |
17,407 | ||
|
|
|
|
| ||
|
(Loss)/profit before income tax |
9 |
(2,153) |
795 | ||
|
Income tax credit attributable to policyholder returns |
11 |
662 |
88 | ||
|
(Loss)/profit from continuing operations before income tax attributable to equity holders of the Company |
|
(1,491) |
883 | ||
|
Total income tax credit/(expense) |
1R/11 |
1,023 |
(77) | ||
|
Income tax credit attributable to policyholder returns |
11 |
(662) |
(88) | ||
|
Income tax credit/(expense) attributable to equity holders |
11 |
361 |
(165) | ||
|
(Loss)/profit from ordinary activities after income tax |
|
(1,130) |
718 | ||
|
|
|
|
| ||
|
Attributable to: |
|
|
| ||
|
Minority interests |
31 |
(63) |
(6) | ||
|
Equity holders of the Company |
|
(1,067) |
724 | ||
|
|
|
|
| ||
|
Dividend distributions to equity holders of the Company during the year |
1U/12 |
367 |
369 | ||
|
Dividend distributions to equity holders of the Company proposed after the year end |
1U/12 |
120 |
247 | ||
|
|
|
|
| ||
|
|
|
p |
p | ||
|
Earnings per share |
|
|
| ||
|
Based on (loss)/profit attributable to equity holders of the Company |
1AA/13 |
(17.88) |
11.24 | ||
|
|
|
|
| ||
|
Diluted earnings per share |
|
|
| ||
|
Based on (loss)/profit attributable to equity holders of the Company |
1AA/13 |
(17.88) |
11.18 | ||
Consolidated Income Statement
For the year ended 31 December 2008
