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The
Directors announce the audited group results
for the year ended 31 December 2001 Summarised income statement |
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| Rand thousands |
Note
|
2001
|
2000
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|
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| Gross written premium |
2
378 997
|
1
867 318
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| Underwriting loss |
6
|
(8
682)
|
(12
974)
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| Investment income |
7
|
156
207
|
169
992
|
| Investment expenses |
(6
753)
|
(4
463)
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|
140
772
|
152
555
|
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| Restructuring cost |
(7
175)
|
(43
225)
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| Impairment of investment in |
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| Zimbabwe subsidiary |
(10
000)
|
–
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| Net realised surplus on disposal |
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| of investments |
114
761
|
184
671
|
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| Operating income before taxation |
238
358
|
294
001
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| Taxation |
3
|
(82
311)
|
(101
896)
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| Net income after taxation |
156
047
|
192
105
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| Outside shareholders interest therein |
(13
744)
|
(5
371)
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| Net income attributable to members |
142
303
|
186
734
|
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| Dividends – Normal |
(85
257)
|
(30
449)
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| – Special |
–
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(596
795)
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| Retained income/(deficit) |
57
046
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(440
510)
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