Annual report - front page - Jubilee Insurance

NOTES TO THE FINANCIAL STATEMENTSAS AT 31ST DECEMBER 2011 (CONTINUED)5. SEGMENT INFORMATION (CONTINUED)Operating Segment results Kshs ‘000Ordinary,Group, Lifefor the year ended 31 December 2011 General & Pensions Investments TotalProperty and equipment 58,765 28,783 4,373 91,921Investment properties 95,701 2,570,331 921,591 3,587,623Investment in associates 742,601 1,202,165 3,133,471 5,078,237Investment in shares 1,214,492 4,065,081 1,292,113 6,571,686Mortgage loans - 11,988 - 11,988Loans on life insurance policies - 290,775 - 290,775Government securities at amortised cost 2,023,394 8,240,623 - 10,264,017Deposits with financial institutions 1,197,592 1,417,416 24,671 2,639,679Commercial bonds 434,463 678,947 - 1,113,410Premium receivables 2,733,794 169,983 - 2,903,777Reinsurers’ share of insurance contract liabilities 3,567,873 156,958 - 3,724,831Deffered acquisition costs 176,230 - - 176,230Other receivables 190,747 283,312 8,075 482,134Current income tax - - 58,869 58,869Deferred income tax 14,636 7,933 - 22,569Cash and bank balances 463,616 520,075 38,395 1,022,086Total assets 12,913,904 19,644,370 5,481,558 38,039,832Insurance contract liabilities 4,099,090 6,393,925 - 10,493,015Provision on unearned premium 4,681,437 - - 4,681,437Payable under deposit administration contracts - 12,408,082 - 12,408,082Creditors arising out of direct insurance arrangements 241,162 - - 241,162Creditors arising out of reinsurance arrangements 965,487 81,800 - 1,047,287Trade and other payables 409,041 436,209 183,022 1,028,272Deferred income tax 12,548 63,508 14,596 90,652Borrowings - - 1,245,509 1,245,509Bank overdraft 84,490 8,275 - 92,765Total liabilities 10,493,255 19,391,799 1,443,127 31,328,181Net assets 2,420,649 252,571 4,038,431 6,711,651Operating Segment results Kshs ‘000Ordinary,Group, Lifefor the year ended 31 December 2010 General & Pensions Investments TotalProperty and equipment 39,399 15,928 5,841 61,168Investment properties 280,000 1,665,226 937,719 2,882,945Investment in associates 751,255 909,472 2,465,447 4,126,174Investment in shares 1,932,681 4,727,673 65,619 6,725,973Mortgage loans 10,052 30,109 - 40,161Loans on life insurance policies - 213,994 - 213,994Government securities at amortised cost 1,068,465 5,266,802 8,751 6,344,018Deposits with financial institutions 1,739,661 1,519,682 78,315 3,337,658Commercial bonds 52,504 1,058,876 - 1,111,380Premium receivables 2,007,528 85,902 - 2,093,430Reinsurers’ share of insurance contract liabilities 2,471,022 106,880 - 2,577,902Deferred acquisition costs 112,143 - - 112,143Other receivables 217,642 96,390 114,990 429,022Deferred income tax 12,101 511 7 12,619Cash and bank balances 238,390 340,297 44,108 622,795Total assets 10,932,843 16,037,742 3,720,797 30,691,382Insurance contract liabilities 3,527,650 4,236,275 - 7,763,925Provision on unearned premium 3,510,177 - - 3,510,177Payable under deposit administration contracts - 10,400,858 - 10,400,858Creditors arising out of direct insurance arrangements 402,187 - - 402,187Creditors arising out of reinsurance arrangements 514,590 138,409 - 652,999Trade and other payables 635,970 239,217 59,567 934,755Deferred income tax 65,541 - 31,663 97,204Current income tax payable 14,410 8,325 - 22,735Borrowings - - 1,207,598 1,207,598Bank overdraft 84,811 36,770 - 121,581Total liabilities 8,755,336 15,059,854 1,298,828 25,114,019Net assets 2,177,507 977,888 2,421,969 5,577,36346JUBILEE HOLDINGS LIMITEDAnnual Report and Financial Statements 2011