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    CONTENT
    • Home Page
    • Independent auditor’s report
    • Statement of Financial Position
    • Statement of Income
    • Statement of Comprehensive Income
    • Statement of Changes in Equity
    • Statement of Cash Flows
    • Notes to the financial statements

    3.24 General and administrative expenses

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    • 3.1 Accounting convention
    • 3.2 Property and equipment
    • 3.3 Gross Premiums
    • 3.4 Unearned Premium Reserve
    • 3.5 Claims
    • 3.6 Incurred but not reported claims reserve (IBNR)
    • 3.7 Unallocated Loss Adjustment Expenses Reserve (ULAE)
    • 3.8 Unexpired Risk Reserve (URR)
    • 3.9 Liability adequacy test
    • 3.10 Reinsurance premium
    • 3.11 Reinsurance assets
    • 3.12 Financial instruments
    • 3.13 Receivables and payables related to insurance contracts
    • 3.14 Employee benefits
    • 3.15 Foreign currency transactions
    • 3.16 Provisions, contingent liabilities and contingent assets
    • 3.17 Equity, reserves and dividend payments
    • 3.18 Leases
    • 3.19 Cash and cash equivalents
    • 3.20 Impairment of non-financial assets
    • 3.21 Segment reporting
    • 3.22 Value Added Tax
    • 3.23 Insurance contracts
    • 3.24 General and administrative expenses
    • 3.25 Critical accounting estimates and judgements in applying accounting policies
    • Back to The Notes To The Financial Statements

    General and administrative expenses

    Costs and expenses are recognized when decrease in future economic benefits related to a decrease in an asset or an increase of a liability has arisen that can be measured reliably.


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    Annual Report 2020

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    INVESTORS RELATIONS

    • Statement of Financial Position
    • Statement of Comprehensive Income
    • Statement of Changes in Equity
    • Statement of Cash Flows
    • Notes To Financial Statements

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    • Home Page
    • Independent auditor’s report
    • Statement of Financial Position
    • Statement of Income
    • Statement of Comprehensive Income
    • Statement of Changes in Equity
    • Statement of Cash Flows
    • Notes to the financial statements