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Financial Reports

Consolidated Statement of Comprehensive Income

Group Company
For the year ended 31 December Note 2015
Rs. ‘000
2014
Rs. ‘000
2015
Rs. ‘000
2014
Rs. ‘000

Net Income

25 (c) 12,432,581 291,479 12,129,063 4,489
Gross written premiums 25(a) 8,291,271 8,291,277
Premiums ceded to reinsurers 25(b) (183,464) (183,464)
Net written premiums 8,107,807 8,107,814
Revenue from subsidiaries 306,303 279,185
8,414,111 279,185 8,107,814
Fees and commission income 26 50,662 50,662
Investment income 27 3,893,292 5,546 3,896,071 4,489
Realised gains 28 4,369 4,369
Fair value gains and losses 29 65,389 65,389
Other operating revenue 4,758 6,748 4,758
Other revenue 4,018,470 12,294 4,021,249 4,489
Gross benefits and claims paid 30(a) (3,805,625) (3,805,625)
Claims ceded to reinsurers 30(b) 115,746 115,746
Gross change in contract liabilities 30(c) (3,675,856) (3,675,856)
Net benefits and claims (7,365,735) (7,365,736)
Direct costs of subsidiaries (127,727) (123,114)
Acquisition cost 31 (966,369) (977,782)
Other operating and administrative expenses 32 (1,889,716) (132,543) (1,761,496) (1,472)
Finance cost 33 (9,815) (18,163) (6,001) (7)
Total benefits, claims and other expenses (10,359,363) (273,820) (10,111,015) (1,478)
Profit before share of profit of associates 2,073,218 17,659 2,018,048 3,010
Share of profit of associates 200,666 116,768
Profit before tax 2,273,884 134,427 2,018,048 3,010
Income tax expense 34 (a) (141,620) (11,632) (116,762) (843)
Profit for the year 2,132,264 122,795 1,901,286 2,167
Profit attributable to:
Equity holders of the parent 2,132,214 122,633 1,901,286 2,167
Non-controlling interests 35(b) 50 162
2,132,264 122,795 1,901,286 2,167
Basic/diluted earnings per share 36 42.64 12.26 38.03 0.22
Dividend per share 37 6.25 0.02 6.25 0.02

The above Statement of Comprehensive Income is to be read in conjunction with the Notes to the Financial Statements which form an integral part of the Financial Statements.

Group Company
For the year ended 31 December Note 2015
Rs. '000
2014
Rs. ‘000
2015
Rs. 000
2014
Rs. ‘000
Profit for the year 2,132,264 122,795 1,901,286 2,167
Other comprehensive income
Items that will not be reclassified subsequently to income statement
Actuarial gain on defined benefit plans (160,867) (160,867)
Share of other comprehensive income of associate (5,902) (9,196)
Items that may be reclassified subsequently to income statement
Share of other comprehensive income of associate 15,152 5,900
Net gain/(loss) on available-for-sale assets (98,565) (98,564)
Income Tax relating to components of other comprehensive Income 38 (9,053) (9,053)
Other comprehensive income for the year, net of tax (259,235) (3,296) (268,484)
Total comprehensive income for the year, net of tax 1,873,029 119,499 1,632,801 2,167
Total comprehensive income attributable to:
Equity holders of the parent 1,872,979 119,337 1,632,801 2,167
Non-controlling interests 50 162
1,873,029 119,499 1,632,801 2,167


The above Statement of Comprehensive Income is to be read in conjunction with the Notes to the Financial Statements which form an integral part of the Financial Statements.