Consolidated statement of net assets as at 31 December 2005
(Expressed in Bahrain Dinars)
|
Notes |
2005 |
2004 |
ASSETS |
|
|
|
Cash and bank balances |
|
3,788,726 |
3,156,005 |
Placement with banks |
|
3,372,000 |
4,755,000 |
Fixed deposits |
|
471,742,843 |
444,474,363 |
Receivables: |
|
|
|
Social insurance contributions receivable |
|
9,791,248 |
8,648,257 |
Net pension loan receivable |
|
8,243,668 |
7,440,526 |
Other receivables |
|
439,199 |
2,751,799 |
Loans to employees |
|
157,497 |
146,742 |
Accrued interest and rent receivable |
|
3,737,368 |
2,433,571 |
Investments: |
|
|
|
Financial assets at fair value through |
|
|
|
profit or loss |
|
178,050,457 |
157,358,681 |
Available-for-sale investments |
|
291,592,693 |
273,423,792 |
Originated loans |
|
7,000 |
11,000 |
Held-to-maturity investments |
|
70,911,967 |
46,447,470 |
Investments in associated undertakings |
|
20,746,388 |
20,537,431 |
Investment properties |
|
32,117,429 |
32,044,581 |
Inventories |
|
10,084 |
14,035 |
Property, plant and equipment |
|
21,244,428 |
21,540,808 |
Total assets |
|
1,115,952,995 |
1,025,184,061 |
LIABILITIES |
|
|
|
Trade and other payables |
|
922,160 |
860,668 |
Net assets |
|
1,115,030,835 |
1,024,323,393 |
Scheme members’ funds |
|
|
|
Scheme members’ funds |
|
928,991,424 |
860,820,502 |
Investment fair value reserve |
|
103,820,269 |
81,283,749 |
Retained earnings |
|
70,071,007 |
70,071,007 |
Revaluation reserve |
|
12,148,135 |
12,148,135 |
|
|
1,115,030,835 |
1,024,323,393 |
These consolidated financial statements were approved by the Board of Directors on 24 June 2006 and signed on their behalf by:
| Chairman |
|
Director General |
The accounting policies on pages 6 to 9 and the notes on pages 10 to 22 form an integral part of these consolidated financial statements.
|