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Pakistan
Reinsurance Company Limited |
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| Statement
of Changes in Equity |
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| for
the Half Year ended June 30, 2003 (Unaudited) |
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Share Capital |
Share Premium Account |
Exceptional Losses
reserve |
General Reserve |
Reserve for issue of bonus shares |
Unappropriated profit |
Total |
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| Particulars |
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-----------------------------------------------------------
Rupees --------------------------------------------------------------- |
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| Balance as at Jan 1, 2002 |
50,000,080 |
10,725 |
631,000,000 |
127,409,000 |
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54,747,866 |
863,167,671 |
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| Net profit for the year
ended 31-12-2002 |
-
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- |
-
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-
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-
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333,374,848 |
333,374,848 |
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| Issue of bonus shares |
-
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(10,725) |
(350,000,000) |
(49,989,915) |
400,000,640 |
- |
-
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| Issue of bonus shares |
400,000,640 |
- |
-
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-
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(400,000,640) |
- |
-
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| Write back of investment
fluctuation reserve |
-
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-
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-
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117,229,715 |
117,229,715 |
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| Transfer
to reserves |
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300,000,000 |
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(300,000,000) |
-
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| Propsed dividend @ 15% (Rs.
1.5 per share) |
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(67,500,108) |
(67,500,108) |
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| Balance as at Dec 31, 2002 |
450,000,720 |
- |
281,000,000 |
377,419,085 |
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137,852,321 |
1,246,272,126 |
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| Net profit for the Half Year
ended 30-06-2003 |
-
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- |
-
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-
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-
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#REF! |
#REF! |
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| Balance as at June 30, 2003 |
450,000,720 |
- |
281,000,000 |
377,419,085 |
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#REF! |
#REF! |
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| The
annexed notes form an integral part of these financial statements |
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| Naheed Hyder |
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Maj (R) Mohammad Fazal Durrani |
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__________ |
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Chief Executive |
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Director |
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Director |
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| Karachi, August 20, 2003 |
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