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Djaluna 16 Yüli 2018 11

CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONSOLIDATED INCOME STATEMENT
As of December 31, 2017 Year ended December 31, 2017
Amounts expressed in BBD $000 2017 2016 Amounts expressed in BBD $000 2017 2016
ASSETS REVENUE
Investment property 161,629 161,323 Premium revenue 1,440,229 1,322,898
Property, plant and equipment 320,190 324,197 Reinsurance premium expense (122,404) (143,753)
Associates and Joint Ventures 194,450 174,586 Net premium revenue 1,317,825 1,179,145
Intangible assets 153,520 158,647 Net investment income 634,621 608,741
Financial investments 7,981,552 7,803,245 Fees and other revenue 194,900 200,908
Reinsurance assets 75,101 85,355 Gain arising on disposal 4,521 -
Income tax assets 79,958 119,154 Total revenue 2,151,867 1,988,794
Miscellaneous assets and receivables 483,669 373,424
Cash resources 676,217 533,046 BENEFITS
Total assets 10,126,286 9,732,977 Policy benefits and change in actuarial liabilities 1,034,940 877,906
Policy benefits and change in actuarial liabilities
LIABILITIES reinsured (43,291) (37,196)
Actuarial liabilities 3,182,250 2,965,204 Net policy benefits and change in actuarial liabilities 991,649 840,710
Other insurance liabilities 381,334 349,436 Interest expense 105,608 117,187
Investment contract liabilities 695,785 690,509 Total benefits 1,097,257 957,897
Total policy liabilities 4,259,369 4,005,149
Notes and loans payable 32,980 - EXPENSES
Deposit and security liabilities 2,821,294 2,978,005 Administrative expenses 446,645 414,790
Provisions 141,806 187,262 Commissions and related compensation 169,279 167,829
Income tax liabilities 13,049 35,920 Premium and asset taxes 25,214 19,500
Accounts payable and accrued liabilities 432,466 326,452 Finance cost 2,177 -
Total liabilities 7,700,964 7,532,788 Depreciation and amortisation 38,437 39,207
Total expenses 681,752 641,326
EQUITY
Share capital 532,300 529,507 INCOME BEFORE TAXES 372,858 389,571
Reserves (107,842) (133,113) Income taxes (65,362) (70,783)
Retained earnings 1,382,944 1,285,258
Total shareholder’s equity 1,807,402 1,681,652 NET INCOME FOR THE YEAR 307,496 318,788
Participating accounts 1,732 2,581
Minority interest in subsidiaries 616,188 515,956 NET INCOME ATTRIBUTABLE TO:
Total equity 2,425,322 2,200,189 Shareholder 221,403 223,512
Participating policyholders (2,087) 220
Total equity and liabilities 10,126,286 9,732,977 Non-controlling interests 88,180 95,056
307,496 318,788
These financial statements have been approved for issue by the Board of
Directors on April 4, 2018.

Director Director

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Year ended December 31, 2017
2017 2016
Amounts expressed in BBD $000
NET INCOME FOR THE YEAR 307,496 318,788
OTHER COMPREHENSIVE INCOME
Items net of tax that may be reclassified subsequently to income:
Available for sale financial assets:
Unrealised (losses)/gains arising on revaluation 65,873 59,229
(Gains)/losses transferred to income (25,316) (152)
Net change in actuarial liabilities 2,025 (9,372)
Retranslation of foreign currency operations 19,442 (56,962)
62,024 (7,257)
Items net of tax that will not be reclassified subsequently to income:
Unrealised (losses)/gains arising on revaluation of owner occupied property (3,518) 10,289
Gains/(losses) arising on defined benefit plans 45,153 (24,993)
Other items - (255)
41,635 (14,959)
Other comprehensive income / (loss) for the year 103,659 (22,216)
TOTAL COMPREHENSIVE INCOME 411,155 296,572

TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:
Common Shareholder 265,014 197,544
Participating policyholders (418) 263
Minority interest 146,559 98,765
411,155 296,572