Asean Retakaful International (L) Ltd. (Company No. LL01129)
(Incorporated in the Federal Territory of Labuan, Malaysia)
| 2006
USD
| 2005
USD
| Cash flow from operating activities
- profit before zakat and taxation
Adjustments for:
- Depreciation
- Decrease in general reserve
- Increase in outstanding claims
- (Decrease)/Increase in unearned retakaful contributions
- Profit from investments
- Gain on disposal of property, plant and equipment
- Gain on disposal of investment securities
Profit before changes in working capital
|
1,961,351
64,618
(45,514)
752,683
(69,818)
(750,577)
(799)
-
1,911,944
|
992,423
55,428
(334,152)
2,133,833
251,594
(414,472)
(131)
(13,545)
2,670,978
| Changes in working capital:
- Increase/(Decrease) in Asean Retakaful Pool Fund
- Increase/(Decrease) in General Retakaful Fund
- (Decrease)/Increase in Family Retakaful Fund
- (Decrease)/Increase Takaful Lil-Istitmar Fund
- Advance to Retakaful Funds (Qaedul Hasan)
- Amount due from/(to) ceding companies
- Other receivables, deposits and prepayments
- Other payables and accruals
Cash generated from operating activities
Income taxes paid
Zakat paid
Net cash generated from operating activities
|
642,079
491,669
(158,536)
-
(1,385,017)
2,304,847
(356,646)
577,922
(581,432)
(5,153)
(97,249)
(683,834)
|
(732,734)
(648,973)
(648,972)
(205,660)
-
(356,363)
45,599
547,804
1,439,505
(5,263)
(28,249)
1,405,993
| Cash flow from investing activities
- Purchase of property, plant and equipment
- Profit received from investments
- Purchase of investment securities
- Proceeds from disposal of investment securities
- Proceeds from disposal of property, plant and equipment
Net cash used in investing activities
|
(91,745)
750,577
-
-
801
659,634 |
(34,965)
414,472
(6,005,013)
221,545
132
(5,403,829) | Cash flow from financing activities
- Proceeds from rights issue of shares
- Dividends paid
Net cash generated from financing activities
(Decrease)/Increase in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Cash and cash equivalents at end of the year
|
137,000
(350,000)
(213,000)
(237,201)
12,919,609
12,682,408 |
1,260,000
(280,000)
980,000
(3,017,836)
15,937,445
12,919,609
| Cash and cash equivalents at end of the year comprise the following:
| Short term investments
Cash and bank balances
| 11,855,667
826,741
12,682,408
| 10,962,668
1,956,941
12,919,609
|
|
