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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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    • 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

    Commitments and contingencies

    The Company’s bankers have issued in the normal course of business letters of guarantee in favor of third parties amounting to AED 6.6 million (31 December 2019: AED 6.8 million).




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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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    • 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