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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

    NOTES TO FINANCIAL STATEMENT

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    Sub section

    • 1 Legal status and activities
    • 2 General information
    • 3 Summary of significant accounting policies
    • 4 Property and equipment
    • 5 Investments in financial assets
    • 6 Statutory deposit
    • 7 Premium and insurance balances receivables
    • 8 Other receivables and prepayments
    • 9 Cash and cash equivalents
    • 10 Capital and reserves
    • 11 Provision for employees’ end-of-service benefits
    • 12 Insurance and other payables
    • 13 Technical Provisions
    • 14 Income from investments
    • 15 General and administrative expenses
    • 16 Earnings per share – Basic and diluted
    • 17 Risk management
    • 18 Related parties
    • 19 Segment information
    • 20 Commitments and contingencies
    • 21 Post reporting date events
    • 22 General
    • 23 Approval of financial statements
    • 24 Impact of COVID-19 on the Company’s operations

    Employees’ end of service benefits

    2020  2019
      AED AED
         
    Balance as at 1 January 2,777,662 2,577,585
    Charges during the year 603,272 280,843
    Benefits paid

    (127,992)

    (80,766)

    Balance at the end of the year

    3,252,942

    2,777,662

     



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    Annual Report 2020

    • Insurance House Website
    • Chairman’s Statement
    • Board of Directors
    • Independent Autidors’ Report

    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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    • Corporate Governance

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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