Oct 22, 2015 - Cash and cash equivalents. 2. 2,746,844,746. 2,413,752,717. 2,299,949,368. 2,698,646,023. 2,379,813,302.
CONSOLIDATED HALLMARK INSURANCE PLC CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT PERIOD ENDED 30 SEPTEMBER 2015 Group 30 September 2014 N
30 September 2015 N
2.
2,746,844,746
2,413,752,717
2,299,949,368
2,698,646,023
2,379,813,302
2,268,572,191
241,112,239 73,598,374 2,000,000 442,344,446 50,250,000 171,257,347 154,420,115 601,381,068 237,135,305 190,375,492 3,182,402 881,893,182 923,567,457 300,000,000
189,516,761 43,698,746 199,400,000 133,330,064 119,523,102 71,878,481 721,232,910 234,950,523 192,593,259 877,960,682 925,314,599 300,000,000
343,086,193 34,221,228 2,000,000 133,173,401 50,250,000 128,423,469 69,245,808 651,767,868 194,835,265 141,675,841 2,888,332 877,960,682 909,148,547 300,000,000
229,388,822 64,486,575 2,000,000 442,344,446 50,250,000 154,420,115 601,381,068 237,135,305 147,880,280 250,000,000 797,232,682 917,792,149 300,000,000
171,513,235 24,468,387 199,400,000 133,330,064 71,878,481 721,232,910 234,950,523 158,424,363 226,407,680 793,460,682 921,166,939 300,000,000
331,557,775 19,379,021 2,000,000 133,173,401 50,250,000 69,245,808 651,767,868 194,835,265 141,704,560 250,000,000 793,460,682 905,899,680 300,000,000
7,019,362,173
6,423,151,844
6,138,626,002
6,892,957,465
6,336,046,566
6,111,846,251
14. 15. 16. 17. 18.2 18.3
2,270,909,640 104,661,598 221,872,169 273,695 182,837,486 126,746,497 2,907,301,085
2,143,307,390 79,205,874 102,825,245 10,229,429 104,933,215 153,728,093 2,594,229,245
1,974,439,083 7,829,896 146,105,612 137,815 72,341,424 95,460,524 2,296,314,354
2,270,909,640 104,661,598 167,898,502 148,199,891 126,746,497 2,818,416,128
2,143,307,390 79,205,874 80,398,293 10,045,575 81,946,293 153,728,093 2,548,631,518
1,974,439,083 7,829,896 171,622,017 47,695,854 95,460,524 2,297,047,374
19.1 20.1. 20.2 21.
3,000,000,000 1,022,238,689 5,826,987 83,995,412 4,112,061,088
3,000,000,000 858,381,485 6,690,382 (36,149,268) 3,828,922,599
3,000,000,000 882,516,340 8,477,548 (48,682,240) 3,842,311,648
3,000,000,000 1,022,238,689 52,302,648 4,074,541,337
3,000,000,000 858,381,485 (70,966,437) 3,787,415,048
3,000,000,000 882,516,340 (67,717,463) 3,814,798,877
Total liabilities and equity and reserves
7,019,362,173
6,423,151,844
6,138,626,002
6,892,957,465
6,336,046,566
6,111,846,251
Assets Cash and cash equivalents Financial assets: -At fair value through profit or loss -Loans and receivables -Available for sale assets -Held to maturity Deposit for shares Finance lease receivables Trade receivables Reinsurance assets Deferred acquisition cost Other receivables & prepayments Investment in subsidiaries Inventories Investment properties Property and equipment Statutory deposits
3.1 3.2 3.3 3.4 4. 5. 6. 7. 8. 9. 10. 11. 12.1 12.2 13.
Total assets
31 December 2014 N
30 September 2015 N
Company 30 September 2014 N
Notes
31 December 2014 N
Liabilities Insurance contract liabilities Trade payables Other payables and provision Retirement benefit obligations Income tax liabilities Deferred tax liabilities Total liabilities Equity and reserves Issued and paid up share capital Contingency reserve Statutory reserve Retained earnings Total equity and reserves
The consolidated financial statements were approved by the Board of Directors on October 22, 2015
20
CONSOLIDATED HALLMARK INSURANCE PLC CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 30 SEPTEMBER 2015
Notes Gross premium written
30 September 2015 N
Group 30 September 2014
31 December 2014 N
30 September 2015 N
Company 30 September 2014
31 December 2014 N
4,939,411,645
3,872,133,111
4,614,438,482
4,939,411,645
3,872,133,111
4,614,438,482
Gross premium income Reinsurance premium expenses
23. 24.
4,657,411,645 (2,221,865,129)
3,725,370,074 (1,893,494,701)
4,678,556,485 (2,148,244,817)
4,657,411,645 (2,221,865,129)
3,725,370,074 (1,893,494,701)
4,678,556,485 (2,148,244,817)
Net premium income Fee and commission income
25.
2,435,546,516 122,940,410
1,831,875,373 181,958,772
2,530,311,668 207,872,453
2,435,546,516 122,940,410
1,831,875,373 181,958,772
2,530,311,668 207,872,453
2,558,486,926
2,013,834,145
2,738,184,121
2,558,486,926
2,013,834,145
2,738,184,121
Net underwriting income Claims expenses Claims recoveries from reinsurers Claims incurred
25a 25b.
(902,208,592) 189,163,537 (713,045,055)
(826,149,943) 295,005,385 (531,144,558)
(1,234,297,773) 267,243,023 (967,054,750)
(902,208,592) 189,163,537 (713,045,055)
(826,149,943) 295,005,385 (531,144,558)
(1,234,297,773) 267,243,023 (967,054,750)
Underwriting expenses
26.
(587,128,226)
(714,380,420)
(907,885,365)
(587,128,226)
(714,380,420)
(946,945,126)
27. 28. 29.
1,258,313,645 301,783,011 137,128,558 (2,996,041)
768,309,168 241,196,020 71,535,415 -
863,244,006 329,369,606 36,973,619 (20,767,457)
1,258,313,645 301,783,011 77,340,250 500,000
768,309,168 241,196,020 19,836,975 -
824,184,245 299,595,699 32,848,143 (17,402,910)
(90,060,445) (1,045,756,042) 558,412,686 (168,663,246)
(2,647,994) (817,176,112) 261,216,498 (84,435,268)
(93,556,486) (1,005,759,605) 538,620,816 (158,878,356)
(2,647,994) (793,862,415) 232,831,754 (75,163,047)
32,912,258 (984,089,670) 188,047,765 (2,995,231)
157,668,707
185,052,534
157,668,707
185,052,534
Underwriting profit Investment income Other operating income Impairment charge Net fair value gains on financial assets at fair value through profit or loss Management expenses Profit before taxation Income tax expense
30. 31. 18.1
32,307,258 (1,035,505,853) 205,621,179 (12,544,394)
Profit after taxation
389,749,440
176,781,230
193,076,785
Total comprehensive income for the year
389,749,440
176,781,230
193,076,785
379,742,460 379,742,460
Profit attributable to: Equity holders of the parents'
389,749,440
176,781,230
193,076,785
379,742,460
157,668,707
185,052,534
(139,722,349) 250,027,091
(116,221,841) 60,559,388
(140,356,696) 52,720,089
(139,722,349) 240,020,111
(116,221,841) 41,446,866
(140,356,696) 44,695,838
Continency reserve
Basic and diluted earnings per share (Kobo) 32.
6.53
2.95
21
3.22
6.33
2.63
3.08
CONSOLIDATED HALLMARK INSURANCE PLC CONSOLIDATED STATEMENT OF CASH FLOWS AT PERIOD ENDED 30 SEPTEMBER 2015 Group 30 September 31 December 2015 2014 N N
Notes Cash flows from operating activities Premium received from policy holders Reinsurance receipts in respect of claims Commission received Other operating receipts Cash paid to and on behalf of employees Reinsurance premium paid Claims paid Underwriting expenses Other operating cash payments Company income tax paid
4,871,931,801 189,163,537 135,061,019 163,167,514 (572,133,481) (2,171,478,329) (887,738,035) (629,428,266) (440,218,342) (27,088,343)
25b. 28. 33. 25a
18.2
Net cash (used in)/ from operating activities Cash flows from investing activities Purchase of property and equipment Fair value change and additions to investment properties Increase in investment in subsidiaries Proceeds from sale of property and equipment Purchase of financial assets Proceeds from sale of financial assets Dividend received Interest received
4,596,590,853 413,664,449 207,872,453 32,848,143 (374,854,931) (1,983,139,025) (1,319,998,793) (946,945,126) (502,804,877) (104,964,382)
(51,025,134)
610,234,888
18,268,764
12.2
(77,687,165)
(17,147,906)
(73,504,524)
(17,147,906)
12. 10. 12.2 3. 3.1 27. 27.
(3,772,000) 7,863,310 (299,575,123) 7,044,269 5,928,898 295,854,113
(3,682,082) 8,092,467 (310,628,923) 72,642,951 9,910,822 316,285,383
(3,772,000) 7,863,310 (299,575,123) 7,044,269 5,928,898 295,854,113
(3,682,082) (23,592,320) 8,092,468 (310,628,923) 68,645,724 9,797,800 286,624,498
(64,343,697)
75,472,712
(60,161,056)
18,109,258
(120,000,000)
-
(120,000,000)
-
(120,000,000)
-
(120,000,000)
-
21.
Net cash used in financing activities Increase in cash and cash equivalents Cash and cash equivalents at 1 January 2015 Cash and cash equivalent at 30 September 2015
4,871,931,801 189,163,537 135,061,019 77,340,250 (560,505,529) (2,171,478,329) (887,738,035) (629,428,266) (387,023,217) (27,088,343)
631,239,076
Net cash from investing activities Cash flows from financing activities Dividend paid
4,596,590,853 413,664,449 207,872,453 36,973,619 (392,487,514) (1,983,139,025) (1,319,998,793) (907,885,365) (597,867,814) (104,747,997)
Company 30 September 31 December 2015 2014 N N
2
446,895,378 2,299,949,368
24,447,578 2,275,501,790
430,073,832 2,268,572,191
36,378,022 2,232,194,169
2,746,844,746
2,299,949,368
2,698,646,023
2,268,572,191
The accompanying notes form an integral part of this statement of cash flows.
24
