ASIA INSURANCE COMPANY LIMITED |
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UNAUDITED) |
AS AT JUNE 30, 2025 |
Unaudited Audited |
30-Jun-25 31-Dec-24 |
Rupees Rupees |
ASSETS |
Loans and Other Receivables | 38,771,053 | 96,627,961 | ||
Insurance / Reinsurance Receivables | 13 | 971,108,788 | 724,169,804 | |
Reinsurance Recoveries Against Outstanding Claims | 188,072,474 | 175,704,619 | ||
Deferred Commission Expense / Acquisition Cost | 124,689,131 | 122,842,406 | ||
Prepayments | 128,933,475 | 99,397,201 | ||
Cash and Bank | 15 | 28,358,783 | 61,560,249 | |
2,455,893,424 | 2,229,797,998 | |||
Total Assets of Window Takaful Operations - OPF | 16 | 179,966,914 | 156,773,408 | |
TOTAL ASSETS | 2,635,860,338 | 2,386,571,406 |
Property and Equipment | 8 | 158,824,449 |
Investment Property | 9 | 40,827,320 |
Investments | ||
Equity Securities | 10 | 243,465,545 |
Debt Securities | 11 | 80,842,406 |
Term Deposits | 12 | 452,000,000 |
776,307,951 | ||
177,761,210 |
40,827,320 |
240,290,722 |
79,616,506 |
411,000,000 |
730,907,228 |
EQUITY AND LIABILITIES
Capital and Reserves Attributable to Company's Equity Holders | ||||
Ordinary Share Capital | 17 | 730,082,430 | 730,082,430 | |
Share Premium - Capital Reserve | 17.2.2 | 69,917,570 | 69,917,570 | |
Reserves - Revenue | 2,500,000 | 2,500,000 | ||
Unappropriated Profit - Revenue Reserve | 304,411,442 | 234,702,442 | ||
TOTAL EQUITY | 1,106,911,442 | 1,037,202,442 | ||
LIABILITIES | ||||
Underwriting Provisions | ||||
Outstanding Claims Including IBNR | 21 | 311,583,145 | 309,940,175 546,499,077 -20,990,654 9,453,090 11,180,329 1,391,511 110,531,151 - 149,522,136 138,088,357 | |
Unearned Premium Reserves | 20 | 709,401,246 | ||
Premium Deficiency Reserve | - | |||
Unearned Reinsurance Commission | 22 | 28,546,780 | ||
Deferred Taxation | 4,349,567 | |||
Taxation & Levies - Payments Less Provision | 12,593,622 | |||
Retirement Benefit Obligations | 1,417,130 | |||
Lease Liabilities | 18 | 102,565,207 | ||
Premiums Received in Advance | - | |||
Insurance / Reinsurance Payables | 127,474,052 | |||
Other Creditors and Accruals | 171,588,437 | |||
TOTAL LIABILITIES | 1,469,519,186 | 1,297,596,480 | ||
Total Liabilities of Window Takaful Operations - OPF | 16 | 59,429,709 | 51,772,484 | |
TOTAL EQUITY AND LIABILITIES | 2,635,860,338 | 2,386,571,406 | ||
CONTINGENCIES AND COMMITMENTS | 19 | - | - |
The annexed notes 1 To 35 form an integral part of these Financial Statements.
Chairman Chief Executive Officer Director Director Chief Financial OfficeASIA INSURANCE COMPANY LIMITED | ||
CONDENSED INTERIM STATEMENT OF PROFIT AND LOSS (UNAUDITED) | ||
FOR THE HALF YEAR ENDED JUNE 30, 2025 | ||
For the Quarter Ended | ||
30-Jun-25 | 30-Jun-24 | |
Note | Rupees | Rupees |
For The Six Months Ended | |
30-Jun-25 | 30-Jun-24 |
RUPEES | RUPEES |
Net Insurance Premium | 20 | 248,243,228 | 249,329,818 | 489,189,949 | 470,722,704 |
Net Insurance Claims | 21 | (97,319,479) | (104,369,492) | (163,606,082) | (172,240,159) | |
Premium Deficiency | - | 844,259 | - | 6,642,836 | ||
Net Commission and Other Acquisition Costs | 22 | (49,890,162) | (60,493,953) | (103,719,580) | (125,674,628) | |
Insurance Claims and Acquisition Expenses Management Expenses | (147,209,641) (94,245,204) | (164,019,186) (84,095,262) | (267,325,662) (198,207,631) | (291,271,951) (176,239,908) |
Finance Cost | (2,726,422) | (3,220,889) | (5,510,845) | (6,458,814) | ||
Profit from Window Takaful Operations - OPF | 16 | 8,247,233 | 9,263,246 | 15,536,281 | 18,971,509 | |
Profit Before Tax & tax levies Taxation & tax levies | 24 | 47,289,501 (13,770,525) | 71,409,264 (15,398,547) | 91,289,984 (21,580,984) | 120,170,108 (32,378,412) |
Underwriting Results Investment Income | 23 | 6,788,383 35,685,517 | 1,215,370 34,977,950 | 23,656,656 57,014,724 | 3,210,845 59,835,976 | |
Other Income | 1,098,976 | 30,809,889 | 3,963,136 | 49,620,807 | ||
Other Expenses | (1,804,186) | (1,636,302) | (3,369,968) | (5,010,215) | ||
Results of Operating Activities | 41,768,690 | 65,366,907 | 81,264,548 | 107,657,413 |
Profit After Tax & tax levies 33,518,976 56,010,717 69,709,000 87,791,696
Earnings Per Share - Basic & Diluted | 25 | 0.46 | 0.77 | 0.95 | 1.20 |
The annexed notes 1 To 35 form an integral part of these Financial Statements.
Chairman Chief Executive Officer Director Director Chief Financial Officer
ASIA INSURANCE COMPANY LIMITED |
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) |
FOR THE HALF YEAR ENDED JUNE 30, 2025 |
For the Quarter Ended | |
30-Jun-25 | 30-Jun-24 |
Rupees | Rupees |
For The Six Months Ended | |
30-Jun-25 | 30-Jun-24 |
RUPEES | RUPEES |
Profit after Tax 33,518,976 56,010,717 69,709,000 87,791,696
Other Comprehensive Income: |
Item that may be re-classified to profit and loss account: |
Item that may not be re-classified to profit and loss account: |
- | - | - | - |
- | - | - | - |
- | - | - | - |
33,518,976 | 56,010,717 | 69,709,000 | 87,791,696 |
Total Comprehensive Income for the period
The annexed notes 1 To 35 form an integral part of these Financial Statements.
Chairman Chief Executive Officer Director Director Chief Financial Officer
ASIA INSURANCE COMPANY LIMITED |
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED) |
FOR THE HALF YEAR ENDED JUNE 30, 2025 |
Share Capital | Reserves | Un-appropriated profit | Total share capital and reserves | |
Issued, subscribed and paid up | Share Premium reserve | Revenue reserves | ||
--------------------------------------------RUPEES------------------------------ | ||||
Balance As At January 1, 2024 (Audited) | 730,082,430 | 69,917,570 | 2,500,000 | 102,819,333 | 905,319,333 |
Total comprehensive income for the period |
Profit after tax |
Other comprehensive income |
- | - | - | 87,791,696 | 87,791,696 |
- | - | - | - | - |
- | - | - | 87,791,696 | 87,791,696 |
- | - | - | (36,504,121) | (36,504,121) |
Qard-e-Hasna contribution to PTF
Balance As At June 30, 2024 (Un-Audited) | 730,082,430 | 69,917,570 | 2,500,000 | 154,106,908 | 956,606,908 |
Balance As At January 1, 2025 (Audited) | 730,082,430 | 69,917,570 | 2,500,000 | 234,702,442 | 1,037,202,442 |
Total comprehensive profit for the period |
Profit after tax |
Other comprehensive income |
- | - | - | 69,709,000 | 69,709,000 |
- | - | - | - | - |
- | - | - | 69,709,000 | 69,709,000 |
- | - | - | - | - |
730,082,430 | 69,917,570 | 2,500,000 | 304,411,442 | 1,106,911,442 |
The annexed notes 1 To 35 form an integral part of these Financial Statements.
hairman Chief Executive Officer Director Director Chief Financial OfficASIA INSURANCE COMPANY LIMITED |
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED) |
FOR THE HALF YEAR ENDED JUNE 30, 2025 |
30-Jun-25 |
RUPEES |
30-Jun-24 |
RUPEES |
a) | Underwriting Activities | |
Insurance Premium Received | 552,723,039 | |
Reinsurance Premiums Paid | (199,154,263) | |
Claims Paid | (281,614,755) | |
Reinsurance and Other Recoveries Received | 107,283,789 | |
Commission Paid | (117,021,024) | |
Commission Received | 30,946,332 | |
Management Expenses Paid | (179,047,986) | |
Other Underwriting Receipts / (Payments) | 39,456,120 | |
Net Cash Flow from Underwriting Activities | (46,428,748) |
543,084,865 |
(160,214,704) |
(247,607,120) |
66,842,705 |
(118,482,937) |
17,071,349 |
(152,152,448) |
26,685,221 |
(24,773,069) |
Income Tax Paid | (25,271,214) | (15,915,422) | |
Finance Charges Paid | (5,510,845) | (6,458,814) | |
Other Operating Receipts | - | 2 | |
Other Receipts in Respect of Operating Assets | 3,953,384 | 32,870,173 | |
Net Cash Flow From Other Operating Activities | (26,828,675) | 10,495,939 | |
Total Cash Flow From All Operating Activities | (73,257,423) | (14,277,130) |
Profit / Return Received | 86,897,307 46,703,691 |
Dividend Received | 12,447,813 13,534,371 |
Decrease in Net Assets in Window Takaful Operations | (15,536,281) (18,971,509) |
Payments for Investments / Investment Properties | 5,832,062 950,630 |
Investment (made) / matured | (41,000,000) (141,000,000) |
Fixed Capital Expenditure | (632,000) (1,007,818) |
Proceeds from Sale of Property and Equipment | 13,000 18,299,411 |
Total Net Cash Flow from Investing Activities | 48,021,901 (81,491,224) |
Financing Activities | ||
Dividend Paid | - | (36,504,121) |
Repayments of Lease | (7,965,944) | (1,156,149) |
Total Cash Flow from Financing Activities | (7,965,944) | (37,660,270) |
Net cash (used in) / generated from all activities |
Cash and Cash Equivalents at the Beginning of the period |
Cash and Cash Equivalents at the End of the period |
(33,201,466) | (133,428,624) | |
61,560,249 | 399,942,738 | |
28,358,783 | 266,514,114 |
ASIA INSURANCE COMPANY LIMITED |
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED) |
FOR THE HALF YEAR ENDED JUNE 30, 2025 |
30-Jun-25 |
RUPEES |
30-Jun-24 |
RUPEES |
Reconciliation to Statement of Profit or Loss | |
Operating Cash Flows | (73,257,423) |
Depreciation Expense | (19,565,513) |
Profit on disposal of fixed assets | 9,752 |
Dividend Income | 12,447,813 |
Other Investment Income / (Loss) | 44,566,911 |
Profit from Window Takaful Operations | 15,536,281 |
Increase / (Decrease) in Assets Other than Cash | 269,859,830 |
(Increase) / Decrease in Liabilities Other than Borrowings | (184,992,173) |
Deferred Taxation | 5,103,523 |
(14,277,130) |
(15,421,531) |
16,750,634 |
13,534,371 |
46,301,605 |
18,971,509 |
61,006,383 |
(39,932,331) |
858,186 |
30-Jun-25 Un-Audited | 31-Dec-24 Audited | 30-Jun-25 Un-Audited | 31-Dec-24 Audited | ||
---------------------------Rupees------------------------------ | |||||
Note | |||||
ASSETS | |||||
Loans and Other Receivables | 6 | 1,116,417 | 1,178,030 | 32,354,013 | - |
Takaful / Retakaful Receivables | 7 | - | - | 117,779,177 | 117,596,819 |
Deferred Wakala Fee | 18 | - | - | 33,221,557 | 27,491,425 |
Receivable from PTF | 10,280,018 | 81,269,561 | - | - | |
Accrued Investment Income | 1,717,808 | 8,174,658 | - | - | |
Retakaful Recoveries Against Outstanding Claims | - | - | 38,281 | 38,281 | |
Deferred Commission Expense | 17 | 15,915,282 | 13,061,131 | - | - |
Prepayments | 8 | - | - | 14,964,377 | 15,237,337 |
Investments | |||||
Equity Securities | 9 | 99,944,408 | - | - | - |
Term Deposits | 50,000,000 | 50,000,000 | |||
Cash and Bank | 10 | 992,981 | 3,090,028 | 55,474,279 | 125,956,312 |
TOTAL ASSETS | 179,966,914 | 156,773,408 | 253,831,684 | 286,320,174 | |
FUND AND LIABILITIES | |||||
OPERATOR'S FUND (OPF) | |||||
Statutory Fund | 12 | 50,000,000 | 50,000,000 | - | - |
Qard-E-Hasna | (78,411,000) | (78,411,000) | - | - | |
Accumulated Profit | 148,948,205 | 133,411,924 | - | - | |
Total Operator's Funds | 120,537,205 | 105,000,924 | - | - | |
WAQF / PARTICIPANTS' TAKAFUL FUND | (PTF) | ||||
Seed Money | 11 | - | - | 500,000 | 500,000 |
Qard-E-Hasna | - | - | 78,411,000 | 78,411,000 | |
Accumulated Surplus / (Deficit) | - | - | (15,284,309) | 3,591,153 | |
Balance of Waqf / PTF | - | - | 63,626,691 | 82,502,153 | |
LIABILITIES | |||||
PTF Underwriting Provisions | |||||
Outstanding Claims Including IBNR | 16 | - | - | 38,047,110 | 32,288,199 |
Unearned Contribution Reserve | - | - | 83,053,896 | 68,728,554 | |
Contribution Deficiency Reserves | - | - | 22,644,456 | 5,849,042 | |
- | - | 143,745,462 | 106,865,795 | ||
Retirement Benefit Obligations | 12,722 | 16,294 | - | - | |
Contributions Received In Advance | - | - | 1,064,275 | 208,826 | |
Unearned Wakala Fee | 33,221,557 | 27,491,425 | - | - | |
Takaful / Retakaful Payables | - | - | 33,291,669 | 11,143,610 | |
Other Creditors and Accruals | 13 | 26,195,430 | 24,264,765 | 1,823,569 | 4,330,229 |
Payable to PTF / OPF | - | - | 10,280,018 | 81,269,561 | |
TOTAL LIABILITIES | 59,429,709 | 51,772,484 | 190,204,993 | 203,818,021 | |
TOTAL FUND AND LIABILITIES | 179,966,914 | 156,773,408 | 253,831,684 | 286,320,174 | |
CONTINGENCIES AND COMMITMENTS | 14 | - | - | - | - |
The annexed notes from 1 to 27 form an integral part of these Financial Statements.
Chairman Chief Executive Officer Director Director Chief Financial Officer
ASIA INSURANCE COMPANY LIMITED - WINDOW TAKAFUL OPERATIONS CONDENSED INTERIM STATEMENT OF PROFIT AND LOSS (UNAUDITED) FOR THE HALF YEAR ENDED JUNE 30, 2025For The Quarter Ended | For The Six Months Ended | |||
30-Jun-25 30-Jun-24 | 30-Jun-25 30-Jun-24 | |||
Participants' Takaful Fund (PTF) | Note | Rupees Rupees | Rupees Rupees | |
Contributions Earned | 15 | 26,435,891 21,290,827 | 50,151,216 42,603,149 | |
Less: Contributions Ceded to Retakaful (11,039,036) (10,789,112) (22,072,886) (21,693,100) | ||||
Net Contributions Revenue | 15,396,855 | 10,501,715 | 28,078,330 | 20,910,049 |
Retakaful Rebate Earned | - | - | - - | |
Net Underwriting Income | 15,396,855 | 10,501,715 | 28,078,330 20,910,049 | |
(26,514,573) | (17,589,528) | (36,610,641) | (23,220,271) |
(920,526) | (765,561) | (16,795,414) | (648,225) |
Net Claims - Reported / Settled - IBNR 16
Charge of Contribution Deficiency Reserve
(27,435,099) (18,355,089) (53,406,055) (23,868,496)Other Direct Expenses (2,898) (931) (3,049) (5,354)
(Deficit) / Surplus Before Investment Income | (12,041,142) | (7,854,305) | (25,330,774) | (2,963,801) | |
Investment Income | 19 | 1,766,000 | - | 2,711,200 | - |
Other Income | 884,708 | 3,542,074 3,744,112 5,849,465 | |||
(Deficit) / Surplus Transferred to Accumulated Surplus | (9,390,434) | (4,312,231) | (18,875,462) | 2,885,664 | |
Operator's Fund (OPF) Wakala Fee | 18 | 17,623,937 | 14,492,634 | 33,434,152 | 28,700,853 |
Commission Expense | 17 | (8,954,226) | (7,143,473) | (16,982,740) | (14,246,243) |
General, Adminstration and Management Expenses (1,704,339) (866,842) (3,586,640) (1,797,648) | |||||
Operating Results | 6,965,372 | 6,482,319 | 12,864,772 | 12,656,962 | |
Other Income | 174,733 | 2,905,302 | 453,840 | 6,438,922 | |
Investment Income | 19 | 1,178,864 | - | 2,289,405 | - |
Other Expenses | (71,736) | (124,375) (71,736) (124,375) | |||
Profit for the period | 8,247,233 | 9,263,246 15,536,281 18,971,509 | |||
The annexed notes from 1 to 27 form an integral part of these Financial Statements.
Chairman Chief Executive Officer Director Director Chief Financial Officer
ASIA INSURANCE COMPANY LIMITED - WINDOW TAKAFUL OPERATIONS |
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) |
FOR THE HALF YEAR ENDED JUNE 30, 2025 |
PARTICIPANT'S TAKAFUL FUND (PTF) | Note |
30-Jun-25 | 30-Jun-24 |
Rupees | Rupees |
30-Jun-25 | 30-Jun-24 |
Rupees | Rupees |
(Deficit) / Surplus during the period | (9,390,434) | (4,312,231) | (18,875,462) | 2,885,664 |
Other Comprehensive Income for the period | - | - | - | - |
Total Comprehensive (Deficit) / Income for the period | (9,390,434) | (4,312,231) | (18,875,462) 2,885,664 | |
OPERATOR'S FUND (OPF) Profit during the period | 8,247,233 | 9,263,246 | 15,536,281 18,971,509 | |
Other Comprehensive Income for the period - - - -Total Comprehensive Income for the period 8,247,233 9,263,246 15,536,281 18,971,509 The annexed notes from 1 to 27 form an integral part of these Financial Statements.
Chairman Chief Executive Officer Director Director Chief Financial OfficerASIA INSURANCE COMPANY LIMITED - WINDOW TAKAFUL OPERATIONS CONDENSED INTERIM STATEMENT OF CHANGES IN FUNDS (UNAUDITED) FOR THE HALF YEAR ENDED JUNE 30, 2025
OPERATOR'S FUND
Note Statutory fund Qard-e-Hasna Accumulated
Surplus
Total
---------------------------------------Rupees-----------------------------------
Balance As at January 1, 2024 (Audited) Total Comprehensive Income for the period | 50,000,000 | (78,411,000) | 97,999,530 | 69,588,530 |
Profit for the period | - | - | 18,971,509 | 18,971,509 |
Other Comprehensive Income for the period | - | - | - | - |
- - 18,971,509 | 18,971,509 | |||
Qard-e-Hasna to Participants' Takaful Fund (PTF) | - | - | - | |
Balance as at June 30, 2024 (Un-Audited) | 50,000,000 | (78,411,000) | 116,971,039 | 88,560,039 |
Balance as at January 1, 2025 (Audited) | 50,000,000 | (78,411,000) | 133,411,924 | 105,000,924 |
Total Comprehensive Income for the period | ||||
Profit for the period | - | - | 15,536,281 | 15,536,281 |
Other Comprehensive Income for the period | - | - | - | - |
- - 15,536,281 | 15,536,281 | |||
Qard-e-Hasna to Participants' Takaful Fund (PTF) | - | - | - | - |
Balance as at June 30, 2025 (Un-Audited) | 50,000,000 | (78,411,000) | 148,948,205 | 120,537,205 |
PARTICIPANTS' FUND
Accumulated
Seed money Qard-e-Hasna
Surplus/ (Deficit)
Total
---------------------------------------Rupees-----------------------------------
Balance as at January 1, 2024 (Audited) Total Comprehensive Income for the period | 500,000 | 78,411,000 | (1,880,249) | 77,030,751 |
Surplus for the period | - | - | 2,885,664 | 2,885,664 |
Other Comprehensive Income for the period | - | - | - | - |
- - 2,885,664 | 2,885,664 | |||
Qard-e-Hasna from Operator's Fund (OPF) | - | - | - | - |
Balance as at June 30, 2024 (Un-Audited) | 500,000 | 78,411,000 | 1,005,415 | 79,916,415 |
Balance as at January 1, 2025 (Audited) | 500,000 | 78,411,000 | 3,591,153 | 82,502,153 |
Total Comprehensive Income for the period | ||||
(Deficit) for the period | - | - | (18,875,462) | (18,875,462) |
Other Comprehensive Income for the period | - | - | - | - |
- - (18,875,462) | (18,875,462) | |||
Qard-e-Hasna from Operator's fund (OPF) | - | - | - | - |
Balance as at June 30, 2025 (Un-Audited) | 500,000 | 78,411,000 | (15,284,309) | 63,626,691 |
The annexed notes from 1 to 27 form an integral part of these Financial Statements.
Chairman Chief Executive Officer Director Director Chief Financial OfficerASIA INSURANCE COMPANY LIMITED - WINDOW TAKAFUL OPERATIONS | |||||||
CONDENSED INTERIM CASH FLOW STATEMENT (UNAUDITED) | |||||||
FOR THE HALF YEAR ENDED JUNE 30, 2025 | |||||||
Operators' Fund Participants' Takaful Fund | |||||||
30-Jun-25 | 30-Jun-24 | 30-Jun-25 30-Jun-24 | |||||
-------------------------------------- Rupees ------------------------------------ | |||||||
OPERATING CASH FLOWS | |||||||
a)Takaful activities | |||||||
Contributions received | - | - | 95,730,435 | 68,594,638 | |||
Wakala fee received / (paid) | 39,164,284 | 27,006,908 | (39,164,284) | (27,006,908) | |||
Retakaful contribution ceded | - | - | 3,201,499 | (32,520,431) | |||
Claims Paid | - | - | (30,851,730) | (18,374,713) | |||
Retakaful and other recoveries received | - | - | - | - | |||
Commissions Paid | (18,416,710) | (10,929,271) | - | - | |||
Rebate on retakaful | - | - | - | - | |||
Direct, management and other expenses (payments) / receipts | (3,151,464) | (1,478,163) | (74,799,369) | 24,308,813 | |||
Other takaful receipts / (payments) | 71,051,156 | (21,956,307) | (31,053,896) | 1,450,054 | |||
Net cash flow generated from / (used in) from Takaful activities | 88,647,266 | (7,356,833) | (76,937,345) | 16,451,453 | |||
b) Other operating activities | |||||||
Income tax paid | - | - | - | - | |||
Direct expenses paid | - | - | - | - | |||
Other expenses paid | - | - | - | - | |||
Management expenses paid | - | - | - | - | |||
Other operating receipts | 6,910,690 | 4,542,963 | 3,744,112 | 5,849,465 | |||
Net cash flow generated from other operating activities | 6,910,690 | 4,542,963 | 3,744,112 | 5,849,465 | |||
Total cash flow from all operating activities | 95,557,956 | (2,813,870) | (73,193,233) | 22,300,918 | |||
INVESTMENT ACTIVITIES | |||||||
Profit/ return received | 2,294,787 | - | 2,711,200 | - | |||
Dividend received | 200,835 | ||||||
Qard-e-Hasna | - | - | - | - | |||
Payments for investments | (100,150,625) | - | - | - | |||
Fixed capital expenditure | - | - | - | - | |||
Total cash flow (used in) / generated from investing activities | (97,655,003) | - | 2,711,200 | - | |||
FINANCING ACTIVITIES | |||||||
Contribution to the operator's fund | - | - | - | - | |||
Ceded money | - | - | - | - | |||
Total cash flows from financing activities | - | - | - | - | |||
Net cash flow generated from / (used in) all activities | (2,097,047) | (2,813,870) | (70,482,033) | 22,300,918 | |||
Cash and cash equivalents at beginning of the period | 3,090,028 | 62,846,344 | 125,956,312 | 78,153,709 | |||
Cash and cash equivalents at end of the period | 992,981 | 60,032,474 | 55,474,279 | 100,454,627 | |||
RECONCILIATION TO PROFIT AND LOSS ACCOUNT | |||||||
Operating cash flows | 95,557,956 | (2,813,870) | (73,193,233) | 22,300,918 | |||
Dividend Income | 200,835 | - | - | ||||
Investment income/loss | 2,088,570 | - | 2,711,200 | - | |||
Increase / (Decrease) in assets other than cash | (74,653,855) | 23,954,398 | 37,993,543 | 10,643,888 | |||
(Increase) / decrease in liabilities | (7,657,225) | (2,169,019) | 13,613,028 | (30,059,142) | |||
Profit for the period | 15,536,281 | 18,971,509 | (18,875,462) | 2,885,664 | |||
Attributed to | |||||||
Participants' Takaful Fund | - | - | (18,875,462) | 2,885,664 | |||
Operator's Fund | 15,536,281 | 18,971,509 | - | - | |||
15,536,281 | 18,971,509 | (18,875,462) | 2,885,664 | ||||
The annexed notes from 1 to 27 form an integral part of these Financial Statements. | |||||||
Chairman Chief Executive Officer Director Director Chief Financial Officer