Takaful Oman
TAOI
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TAOI
We would like to announce that the Audit Committee and Board Meeting of Takaful Oman Insurance SAOG was held on January 21, 2015 (Wednesday). The Board has approved the Audited Financial Statements for 2014.
1) Statement of Shareholders Comprehensive Income
Particular | Amount - RO |
Wakala fee | 203,832 |
Profit on deposit and bank balances | 104,812 |
Fair value loss on financial asset through profit or loss | (79,874) |
Total Income | 228,770 |
General and administrative expenses | (692,632) |
Details of Income and Expense | (463,862) |
Pre-operating expenses | (142,293) |
Loss before tax for the period | (606,155) |
Taxation | 87,331 |
Loss and total comprehensive loss for the period | (518,824) |
2) Statement of Participants Revenue and Expense
Particular | Amount - RO |
Gross contributions | 582,377 |
Net retained contribution | 206,884 |
Total takaful revenue | 116,595 |
Net claims incurred | 36,834 |
Total takaful cost | 117,316 |
Wakala fee | (203,832) |
Deficit from takaful operations | (201,482) |
3) Statement of Financial Position of Shareholder & Policyholder
Particular | Amount - RO |
Non-current assets | 8,538,937 |
Current assets | 1,789,119 |
Total Assets | 10,328,056 |
Capital and reserves | 9,481,176 |
Participants’ fund | (201,482) |
Non-current liabilities | 8,822 |
Current liabilities | 1,039,540 |
Total liabilities | 10,328,056 |
Source:
Muscat Exchange News