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10 AWEMainta Diamars, 29 Juni 2021
Abbreviated balance sheet as at 31 December 2020
( In Aruban florin)
ASSSETS 31-12-2020 31-12-2019
FIXED ASSETS
2. Tangible fixed assets 639,382 631,047
3. Financial fixed assets 3,755,920 3,755,920
CURRENT ASSETS
RECEIVABLES
4. Accounts receivables 834,322 1,085,743
5. Related party receivable 69,791 60,824
6. Loan receivable 0 11,655
7. Other receivables, prepayments and accrued income 1,010,745 1,522,708
Total Receivables 1,914,858 2,680,930
8. Securities 1,000,000 1,000,000
9. Cash at bank and in hand 6,046,890 5,271,215
13,357,050 13,339,112
Total
SHAREHOLDER EQUITY AND LIABILITIES 31-12-2020 31-12-2019
10. Shareholder equity
Capital 200,000 200,000
Share premium 2,230,000 2,230,000
Other reserve 4,459,574 2,905,987
Undistributed result 1,529,717 1,553,587
Total equity 8,419,291 6,889,574
11. Provisions 3,956,166 5,410,818
12. Shortterm liabilities 981,593 1,038,720
Total liabilities and Shareholder equity 13,357,050 13,339,112
Abbreviated profit and loss account for
the year ended 31 december 2020
( In Aruban florin)
PROFIT AND LOSS ACCOUNT 2020 2019
13. Net earned premiums 11,352,405 11,965,074
14. Claims incurred - 4,757,479 - 5,080,743
15. Reinsurance premium - 252,745 - 231,960
Gross insurance result 6,342,181 6,652,371
16. Net commissions - 1,464,979 - 1,650,248
Net insurance result 4,877,202 5,002,123
17. Personnel expenses 1,802,548 2,130,233
18. Depreciation 87,498 76,031
19. Other operating expenses 1,191,704 918,767
Total operating expenses 3,081,750 3,125,031
Operating result 1,795,452 1,877,092
20. Financial income and expense 187,890 192,473
Result before taxation 1,983,342 2,069,565
21. Taxation - 453,625 - 1,553,587
Net result after taxation 1,529,717 1,553,587
