|
|
|
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR
ENDED 31 DECEMBER 2004
|
| The General
Organisation For Social Insurance
Consolidated statement of changes in scheme members'
funds for the year ended 31 December 2004
(Expressed in Bahrain Dinars)
|
|
|
Investments
fair value
reserve
|
Scheme members'
funds
|
Retained
earnings
|
Revaluation
reserve
|
Total
|
|
At 1 January 2003
|
-
|
742,006,044
|
-
|
11,584,313
|
753,590,357
|
|
Effect of adopting IAS39
|
-
|
-
|
70,071,007
|
-
|
70,071,007
|
|
Adjustment for additional
|
|
|
|
|
|
|
investment in subsidiary
|
|
|
|
|
|
|
undertakings
|
(156,426)
|
-
|
-
|
-
|
(156,426)
|
|
Fair value gains on available-
|
|
|
|
|
|
|
for-sale investments
|
27,507,684
|
-
|
-
|
|
27,507,684
|
|
Net income for the year
|
-
|
55,175,697
|
-
|
-
|
55,175,697
|
|
At 31 December 2003
|
27,351,258
|
797,181,741
|
70,071,007
|
11,584,313
|
906,188,319
|
|
At 1 January 2004
|
27,351,258
|
797,181,741
|
70,071,007
|
11,584,313
|
906,188,319
|
|
Fair value gains on available-
|
|
|
|
|
|
|
for-sale investments
|
|
|
|
|
|
|
(Note 9)
|
53,932,491
|
-
|
-
|
-
|
53,932,491
|
|
Revaluation surplus on
|
|
|
|
|
|
|
property, plant and
|
|
|
|
|
|
|
equipment (Note 14)
|
-
|
-
|
-
|
563,822
|
563,822
|
|
Net income for the year
|
-
|
63,638,761
|
-
|
-
|
63,638,761
|
|
At 31 December 2004
|
81,283,749
|
860,820,502
|
70,071,007
|
12,148,135
|
1,024,323,393
|
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.
|
|
|