Maj.( R) Mohammad Fazal Durrani
|
|
Pakistan Reinsurance Company Limited | ||||||||||
| Statement of Changes in Equity | |||||||||||
| for the year ended March 31, 2003 (Unaudited) | |||||||||||
| Particulars | Share Capital | Share | Reserve for | Unappropriated | Total | ||||||
| Premium | Exceptional | issue of bonus | profit | ||||||||
| Account | Losses reserve | General Reserve | shares | ||||||||
| Balance as at Jan 1, 2002 | 50,000,080 | 10,725 | 631,000,000 | 127,409,000 | 54,747,866 | 863,167,671 | |||||
| Net Profit for the year ended 31-12-2002 | - | - | - | - | - | 333,374,848 | 333,374,848 | ||||
| Issue of bonus shares | - | (10,725) | (350,000,000) | (49,989,915) | 400,000,640 | - | - | ||||
| Issue of bonus shares | 400,000,640 | - | (400,00,640) | - | - | ||||||
| Write back of investment fluctuation resrve | - | 117,229,715 | 117,229,715 | ||||||||
| Transfer to reserves | 300,000,000 | (300,000,000) | - | ||||||||
| Proposed dividend @ 15% (Rs. 1.5 per share) | (67,500,108) | (67,500,108) | |||||||||
| Balance as at Dec 31, 2002 | 450,000,720 | - | 281,000,000 | 377,419,085 | 137,852,321 | 1,246,272,126 | |||||
| Net profit for the | - | - | - | - | - | 231,170,291 | 231,170,291 | ||||
| Balance as at | 450,000,720 | - | 281,000,000 | 377,419,085 | - | 369,022,612 | 1,477,442,417 | ||||
| The annexed notes form an integral part of these financial statements | |||||||||||
| Naheed Hyder |
Maj.( R) Mohammad Fazal Durrani
|
Mr. Sharif Ijaz Ghauri | Fazlur Rehman Dittu | ||||||||
| Executive Director (F&A) | Chief Executive | Director | Director | ||||||||
| Karachi, June 19, 2003 | |||||||||||