Annual report - front page - Jubilee Insurance

COMPANY STATEMENT OF CHANGES IN EQUITYShare Fair Value General Retained ProposedCapital Reserves Reserves Earnings Dividends TotalKshs ‘000 Kshs ‘000 Kshs ‘000 Kshs ‘000 Kshs ‘000 Kshs ‘000Year ended 31 December 2010 NoteAt start of the year 225,000 2,028 70,000 1,569,976 157,500 2,024,504Profit for the year - - - 387,492 - 387,492Other comprehensive incomeChange in fair value of financial assets throughother comprehensive income 18 & 19 2,422 2,422Transfer to retained earnings on disposal 18 & 19 - (10,527) - 10,527 - -Total comprehensive income for the year - (8,105) - 398,019 - 389,914Transactions with owners:Bonus shares issued 22,500 - - (22,500) - -Dividends: Final for 2009 paid - - - - (157,500) (157,500)Interim for 2010 paid - - - (49,500) - (49,500)Final for 2010 proposed - - - (222,750) 222,750 -Total transactions with owners 22,500 - - (294,750) 65,250 (207,000)At end of year 247,500 (6,077) 70,000 1,673,245 222,750 2,207,418Year ended 31 December 2011As previously reported 247,500 (6,077) 70,000 1,673,245 222,750 2,207,418Profit for the year - - - 643,863 - 643,863Other comprehensive IncomeChange in fair value of financial assets throughother comprehensive income 18 & 19 - 5,198 - - - 5,198Total comprehensive income for the year - 5,198 - 643,863 - 649,061Transactions with owners:Bonus shares issued 12 24,750 - - (24,750) - -Dividends: Final for 2010 paid 14 - - - - (222,750) (222,750)Interim for 2011 paid 14 - - - (54,450) - (54,450)Final for 2011 proposed 14 - - - (245,025) 245,025 -Total transactions with owners 24,750 - - (324,225) 22,275 (277,200)At end of year 272,250 (879) 70,000 1,992,883 245,025 2,579,279Dividends that remain unclaimed for more than six years are written back to retained earnings in accordance with the Company’s Articles of Association.The notes on pages 23 to 68 are an integral part of these consolidated financial statementsJUBILEE HOLDINGS LIMITEDAnnual Report and Financial Statements 2011 21