Jubilee Insurance 2010 Annual Report

JUBILEE HOLDINGS
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 ST DECEMBER 2010
47
NOTES (continued)
19. UNQUOTED SHARES
Group
FV Through
P/L
FV Through
OCI
Total
FV Through
P/L
FV Through
OCI
Total
2010 2010 2010 2009 2009 2009
Kshs’000 Kshs’000 Kshs’000 Kshs’000 Kshs’000 Kshs’000
At start of year 1,011,495 40,098 1,051,593 845,775 346,271 1,192,046
Additions/Transfers - - - - (353,282) (353,282)
Reclassification FVTPL-FVTOCI - - - (24,903) 24,903 -
Fair value loss through other comprehensive income - 1,117 1,117 - 22,206 22,206
Fair value gains through profit and loss 3,626 - 3,626 190,623 - 190,623
Exchange loss - (3,379) (3,379) - - -
At end of year 1,015,121 37,836 1,052,957 1,011,495 40,098 1,051,593
Company
FV Through
P/L
FV Through
OCI
Total
FV Through
P/L
FV Through
OCI
Total
2010 2010 2010 2009 2009 2009
Kshs’000 Kshs’000 Kshs’000 Kshs’000 Kshs’000 Kshs’000
At start of year - 6,081 6,081 - 346,271 346,271
Additions/Transfers - - - - (353,282) (353,282)
Fair value loss through other comprehensive income - - - - 13,092 13,092
At end of year - 6,081 6,081 - 6,081 6,081
20. LOANS RECEIVABLE
Group
(i) Mortgage Loans 2010 2009
Kshs ‘000 Kshs ‘000
At start of year 51,235 41,345
Loans advanced - 12,859
Accrued Interest and penalties 4,808 8,493
Less: Provision for impairment losses during the year 682 (3,029)
Redemptions/repayments (14,887) (12,517)
Exchange difference (1,677) 4,085
At end of year 40,161 51,236
Maturity profile of mortgage loans
Loans maturing
Within 1 year 7,106 1,137
In 1-5 years 24,300 29,597
In over 5 years 8,755 20,501
Total 40,161 51,235
JUBILEE HOLDINGS