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Financial Reports

Statement of Financial Position – Life Insurance Business

Company
As at 31 December 2015 Rs. ‘000 2014 Rs. ‘000

Assets

Intangible assets 645 2,198
Property, plant and equipment 5,343,752 4,760,396
Investment properties 1,399,171 1,805,271
Investment in subsidiaries 521,000 621,000
Investment in associates 365,553 271,925
Financial instruments
 Held-to-maturity financial assets 46,856,945 31,913,874
 Loans and receivables 16,730,897 16,026,212
 Available-for-sale financial assets 1,051,073 6,352,046
 Financial assets at fair value through profit or loss 214,936 219,328
Employee gratuity benefit asset 725,726 417,401
Employee pension benefit asset 873,081 749,964
Reinsurance receivables 46,007 27,974
Income tax recoverable 1,183,836 1,035,040
Loans to life policyholders 1,335,634 1,683,651
Premium receivables 192,401
Accrued income 2,485,422 4,286,992
Other assets 310,435 347,154
Cash and cash equivalents 598,651 547,896
Total assets 80,235,165 71,068,323
Equity and liabilities
Equity attributable to equity holders of Parent
Stated capital 500,001 358,752
Retained earnings 1,733,281 7,445,110
Other reserves (98,563) 149,706
Revaluation reserves 936,981
Special reserve 7,311,651
Total ordinary shareholders’ equity 9,446,370 8,890,550
Non-controlling interests
Total equity 9,446,370 8,890,550
Liabilities
Insurance contract liabilities – Life 68,011,535 60,021,879
Insurance contract liabilities – Unit Linked 240,654 221,381
Insurance contract liabilities – Family Takaful 4,708 1,414
Individual investment fund ISF 22,700 6,078
Other financial liabilities 299,811 75,000
Deferred tax liabilities 71,840 96,653
Reinsurance payables 58,153 16,110
Trade and other payables 1,635,439 1,393,258
Bank overdraft 443,955 346,001
Total liabilities 70,788,795 62,177,773
Total equity and liabilities 80,235,165 71,068,323