Interim group results for the six months ended 30 June 2001
Summarised income statement
30 JUNE
30 JUNE
31 DEC
Rand thousands
Note
2001
2000
2000
Gross written premium
1 103 406
850 147
1 867 318
Underwriting loss
3
(16 555)
(32 475)
(16 467)
Investment income
4
68 173
94 034
169 992
Investment expenses
(3 415)
(1 455)
(4 463)
48 203
60 104
149 062
Restructuring cost
–
–
(43 225)
Net realised
surplus on
disposal of investments
55 264
30 803
184 671
Operating income
before taxation
103 467
90 907
290 508
Taxation
5
(11 728)
(25 441)
(101 896)
Net income
after taxation
91 739
65 466
188 612
Outside shareholders'
interest therein
(1 149)
(1 104)
(1 878)
Net income attributable
to members
90 590
64 362
186 734
Dividends – Normal
(54 808)
(30 449)
(30 449)
– Special
–
(127 885)
(596 795)
Retained income/(deficit)
35 782
(93 972)
(440 510)
