report and intcrun financiul information for till' plTiod ... · ::-H: ~,nul:l1sl:d financial...
25
Ih'\ il'\\ report and intcrun financiul information for till' plTiod l'lI(kd -'1 Vlurch 2U1:, .\1.1.1.\:\("'" I'\SI H.\:\("1- I'.S.C e • o D
Transcript of report and intcrun financiul information for till' plTiod ... · ::-H: ~,nul:l1sl:d financial...
Ih'\ il'\\ report and intcrun financiul informationfor till' plTiod l'lI(kd -'1 Vlurch 2U1:,
.\1.1.1.\:\("'" I'\SI H.\:\("1- I'.S.C
e•oD
- - 23, '~:. ::-H: ~ ,nul:l1sl:d financial statements
-.':c::-.,d sta temcnt of cash flows (unaudited)
l n Jensed statement of changes in cq u itv
C ,_,n densed sra terncn t of com prehensiv e income (u na udited )
3Condensed statement of income (unaudited)
Condensed statement of financial position
Report on review of interim financial information
Page~Con ten rs
ALLlA:\CE I::\SCRA::\CE P.S.c.
- \ l.idbak-::',!li,'n ,\(1, 38(1
_, __ : ,>II our rl'l icw. n!)thing has (111111.'t(1 (lUI' attcnrio» that causc-. II, t(l believe ih.u the a«(I)lllp;lI1; illg-_-::~ financial information is not prepared. in ;1I1material respects. in accordance with lntcrn.nional
_,:~,iJ1gStandard 3-1: "llI/l'/,UII linunci.i! N"I'o/,lillg'
',: "'l1cluded (lUI' rCI il'll ill accordance II ith lntcmational Standard on RI.'I il'lI I ngagl'lllcnh 2-111J,- r. ':1\ III' Interim I inancial Inlorlll;ltion Performed b:: the Independent Auditor ot the Intit:: " ,\ rl'l il'll
":c'rlm Iinanc ial information l'(lnsish or makiru; inquiricx, primaril:: 1)1' pcr-on-, rcspon-ihlc tor"_,:-" :.11 and accounting matters. and appl; ing anal:: tical and other I'l'l il.'l1 procedure» ,'\ rev ic« is
- .. -.: .::11 i.111:: Ie,s i11 scope than an aud it CundULll'd in accordance IIi th rntcrnat i\)n,II Standards IIII.; :,:~; .md conscquemly doc-. not enable us to (Ibtain assurance that \11.' would beClI1ll1' .111;11'1.' ur ;111
:',,1I1t matter» that might be identified 111;111 audit, :\ccurdingl::, Ill' do not cxprcs-. an audit opinion.
" ,f HlT/,'\\
,', ;: h,11c rl'\ icwcd the aCl'(IIllP;lIl~ int' condcn-ed st.ncmcnt III tinancinl position ul Alliance InsuranceI',-,;,C (thc "Company"), l>uhai, l'nited Arah Emirates, as at 31 vlarch 21)I" and till' rcl.ncd
"j-:n\l'd statcmcnt-, 01 income. comprchcnsiv c income, (hant'-es in l'quit:: .md (a~h 111111'tor the three'~:h, period then ended, vlanagcmcn: is responsible for the preparation and presentation (II this interim
'_,:I(ial information in accordance II ith International Accounting Standard 3-1: 'jl/lailll Finuncr«!.: rtinv Our rcsponsibilitv is to cxpre-, a conclusion (In this interim Iinancia] information based on" ~,'\ 1<:\\,
':" .luct ion
rhl' Hoard of Directorsvlliance Insurance P,S.CDuhait nitcd Arab Emirates
REPORT0\1Rn In\ OF I~TERJ:\l FI~,\~('IAL I:\FOR:\1.\TIO~
eloi e
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Total rquil~ and liahiliric-,
I ut al liuhiliti e«
101,,1l'IIIT(,111 hahilitic
'ICurrcnr lia lnliue111'I/r:lllc'l'L"'l1tr,lc'/ li:lbilitic"
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('ondl'IISl'lI stutvment of financial positionat JI vlarch 2UI:=;
ALI ,L\NCF INSl R\M T P,S,c.
U.90Basil' earnings per share
Profit tor the pcr iod
\llrplll' tf',llbtclTl'd1I'I)Il!
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11 1 l) i i . I '" ~Profit from gelll'!"al insurance huxines«
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()tlil'f'iIlUIIl!l'
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vlurch~(I I I\ I I)
Th ITl' mon t hs period ended J 1201:',\1-:1>
Condensed statement of income (unaudited)for the period elided JI ;\larch 2015
ALLL\:\(,F I'ISl'R,\:\(,F r.s.«.
Torul comprchcnsivc income for the period
h~,IJh0;Cl I:lir \:lIlll' te:1111 ('11 111\ C,I111c'llh dl''''I~ILlkd
:11 I \ I ()(,I
111'm\ thut will not he ,.cc/a.\'.\itied ,\II/)\I'I/lIl'lIlh IIIprofit II,. /(1\\:
OtlH'r cnmprchcnsive income
Three 1I101I1h, period clltiul_\ I .\Iarch201 ~ .'111 \
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COJllh.'IISl'd statement of coruprchcnsix C income (unaudited)for tltl' pl'riod ended J 1 'lard! 201:-
ALLIANCE I"ISt R.\:\(,F PXc.
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lhrcr munths perind ended 31201:',\1-:1)
Cash and cash cquiv alcnts at the end of the period
Cash and cash equivalents at the heginning of the period
'\d incrcasc/ulccrcase) in cash and cash equivalents
'\et cash generated 1'1'0111 investing activities
Cash flows from invcstiru; activitiesI'III'Clid"ClIt 1)1(II'l'1'l:.uid cquipmcnt\ct delTc,hc liIlCI\?:hl') illl',)[inhl,[d'..:r" [').111'
1'1II'CIi:h,',d'lill,IIl,'j;illll\l''iI11l'llt,;11 ;IIlHlrtl"l'd ((l"t
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[)i\ i.lcnd income ['c'lci\ l'd
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()perating cash 11(1\'s hclurc ehanges in operating a,sds andliahilities
lncrca-« ill ilhllr;lIll'l' .ind oihcr rL','l,i\ilhk,
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Cash flows from opcratim; activitiesl'l\)lit tor the pcriod\liill,tllll'llh 1"11,
l)l'j1ll'L'lati,)ll (111)I'\1I)l'l'1:.md cquipmcntIlll'Il'd',' ill p,)lic: IH)ld,'l" Illlld,
111,',II11l'11'1)111dl'l"hih
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I )i\ Ilkl:d ill(lllll' (III -cctu itic,
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I'rll\i,i,lll lor l'IllI'I"\"l< cn.l 1>1 "l'r\ Ill' IIld,'llllli I\
Condensed statement of rash flon" (unaudited)for the period ended 31 ,'Ia rch 21115
AI.LlANCE I:\SIR\:\CF P.S.c.
, 11
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.ur.l Ile'\\, "-I~'-" 1i;1, 11,,: h.i.l ,111\ II1.Ikl'l,l! 1;11;',1\':: ,'11 IIIL' ,1I;!,OlIIII, 1','1",;'1,',1
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2,1 \l'\\ and IT\ i'l'Il I FHS .. applied \\ ith no m au-riul dll'l'1 lin the fin ancial ,Iall'IIIl'II"
2 \pplil'alion of nl'\\ and rn i'l'd lntvrnut ioual Financial Hl'porlin:.! "l;lnd:lrd, I "I I-H,"," I
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I. (;entral information
\Oll" 10 the l'Olldl'lI'l'd financial stutcmcntxfor the period l'IHkd ,q vlarch 2(11:'
\1.L1 \\(,1-: I\SI !t\\( T I',S,c.
I ,I :11111.1'I :'I I 1(,
1,1' \ II,II \ 'I I ,\
Fflt·l'I i \ t· 1'0 I'annual period ...hl·ginning on or after
• .vmcndmcnt-, 1'1 II'RS III ,wei 1\\ ~X l'i:J:'I(\ lil:11Ih,' ),,'c"'!2l1ilil'l1"I Ih,'L'dlll "I I,,,,, (Ill Iill' ';:lie- ,II' l"IlIl'ih!lli",)! (II :l'-,cl, I'dllc'en .rn 1IIIl·.;I,"
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• .\1ll1'llllllll'nl" Il) II R\ II III (ldril1 ;1c'l'll)II\lill~~ !,I) .lllj'lI,lIi,lIl' ":1/11""._ ,\/1 III./UIlII ()(1('/',{li')il\
• ·\llIl';ldllll·llh I,' [.'\\ 1(1 :Illd I\S is 1\1ll,uill Ihl' .lllTI'L1bk mctho.l-: "Idcprcci.uion and .uuorti-otion.
• '\11Il1l~11lmprnvcmcnts Il' IIRS" ~I)I::: ~IIII CIlk 1h.1I illll'kk
amcndmcnt-. III II R\ S, II R\ ~ ilnd ,\S Iq
• II,'R\ l,~ !i,'I, 1/11' //11111 Cllillidel' I'll/I ('II,I/I.ilk/1 IIRS I, l'I"li,k, ,I
.;illc·Ic, principlc-. h:I'cd lill"'1l'I' model ll) h,' ;11'1,11\',1III ,!II l'tJlll'.ll'hII iih c'lhl"Ill,'r.;,
lh,· !111~'II\.'I~li 1\.'l','r1iI10-: IC'jllil'-'llll'I1\, !pr 'lc,_:"ld\"I'\ \.kkn:ll .)c'\.""clll!
halancc that :lri.;c II Ii,'ll ;!l1 l'lIli(\ l'I',lI Id," t!0tl,1 (\1 ','II i,cl" I,'
l'lI,lllll11'I''' at :11~1'I"l'or r.itc that I, -ubicct It) r.uc I'C"lIlc1lillll.
• IIR\IIR,
,\ Ill'lI imp.urmcut IlHI\kl h:I'l'li "11 "\j1c',1l'd credit I')"l" \1111.li'I~I:--I",le-hl m-trumcnt-: nlL':I.;urcd .11 ;!Ill,lrti'l'd (,).;1, (II' I \ I ()( l. lc'd',·rl·c'I·i\:lhk" l"'lltl':ll'l ;h'l'l.; .md l'l'rtclill written 1":!Il (l'Ill11111I1lL'lll'.m.:lill:!Il1'jdl i:IL11':lllll'\' l"'1I1I'a\'1
\ Ill'lI IIIl':h III'l'mcnt \':111't!tl)'\ \)1 lair 1.IlUl' tlil"'IIl'I', ,'lill'l'
\ LlIIII'I'chl'INIl' Illl'\lIlie II \' 1()t'll w il) :1]'1,1:1\,1' \le-hl m-trumcnt-, Ii,'i,l
v iihin a l'll,illl"" mode 1IIh'''I' \,hil'\lill' I' :llhil'll'd h\'lh h l"lklllm:
l'l'11II'.ld!I.Ii"~hli 11\111, ~lIld 'l'llilll' lin.uui.il .h'l'h
• I inali-cd I IT;itlll t'f II I{\ \) I" I{\ \) r tn.in, leI/ /11\1/'1111/,'11/\ I~lll : 1'11,1'
I"lll'd III .I1t!:--_"111,~ !11((l1j1"LIIIII!-'.rcquncmcut-. 1,,1'l'L\,,!li(:III,lIl .in.i1l11':I"lII'l'Illl'1l1,impairment. ,'-'.Clll'I':l1hl'dt!l' an','lllllilll', :!Ihl ,kl'l'(",c:lllll"11
1111,:1I1ll'lllb 1'I:h,ilil':l1i(l1l and mcn-urcmcnt requirement ,If lilu!I,'I.t1
.1"'l'(-' .111(1introducc 11,'11l'\I'I'lkd I"" impairment Ill<llkl.
• II i{\ -: IIILIIII'i,1i lnsuumcntx \,ldili')llal hcd'-'.l' ,1(1,)Ulllill";' dl<lthllll"
1.llld 1'\11l'I'qIICI1!1~11.nncndmcnt-) rc-uh inc trom the introduction "I thehcd!-'.,'ill'((lUlltllliC Ch:II'tcr III II'I{\ ()
Nl'" and n·,isl'd IFI~Ss
I he ('t)Illi'~111Iha-. !ltll "~ll'h al'l~II"d th,' 1,,11"11illiC 11,'11q~IIIILII,("- .nucn.lmcnt- :111,1illtl'lr)\.'t.I'I"II' th.n I~JI"
hc,'111',lIc,1 hut arc not I l'let'j'C(tl\ l"
2.2 New and revised IFRSs in issu« hut not vet effective and not earl, atloptl'd
2 '\ppliration of 11('\\ and revised International Financial Repurtin]; Standards I "IFRS,,")rcontinucd I
Notcs to the cuudcnxed financial statementsfor the period ended 31 vlarch 2015 (continued)
AI.L1A:\CF I:\Sl;R\:\CF P.S.c.
I he-.c l(llllklhl'li jl 1I:1I11'i:11 .;t:liL'1ll1'llt, h:lle' been 1'll'I'dl"l'" I'll I Ill' hl'l(lr:lJ~ l',h! h,I':', \'\ll.':'1 "'1 Ihl'
l'l'l alu.nion (\Il'nt:lill financial 111,111I11Il'lll,.ind illl ,-,,'II11CI111'1"l11'l'I'til"
I he condensed financial ,L11Cllh'llh arc prc'l'llte'd 111I \ 1 I )irllallh 1,\1 I») ';I!kl' th.n " Th,,' c nrrn, \ 'I,
which the Illdjl\ritl (11the C,lI11I':lI1\ ',tr:tI1'<I(ti,IIl'o arc dcnornin.nc.l
1he:..c l'lllllklhl,d financial <tatcmcnt-, 11:11c' been prl'I':lJ"\'11 ill .llUlrlLllllC' \" ith 1111,'I"I"o,I'!,'ll,11\" ,":1'1,11"
o..;1;tJld:lr,111\0..;1'JIl ~l. /ii/,'/"ill//-,.J/li/,/,t/N.'l" ::ll1I,lb'\li'illl,!lIIII!I'I!',',q'I,I!l,lhl,'I_'q',)I_':1 I),
olihc 1:1\\, III the I , \ I
3,1 Basis of preparation
j, Summarv of si~nificant accounting policies
\ Ltll.lgl'llll'lll :l1l1iL'II':t1l'" Ihlt IIRS !~ :I'hl IIRo..; l) I~III II \\I!I I,,' :llITlf'kli ill tlil' «T!llj',IIl:" 1111.111\1,1;
<t.ucment-, Ior Ih,' ;1111111<11period he'~il1l1ilh'. 1 ,1:IIlU:W, =1)1 ~ ,I'hl 1 ,111111,11"\=(1) S l'l"I'l'\'ilc'l\ 11i,'
.rpplic.uion (\1' II Ro..; I~ and IIRo..; l) I~I)I I I 111:1:kill' ,igJlllil:lI11 illll',I(1 ('II .1111111,111,Il'I',\Jlc'd .m.ldi'l'llhllrl" made III Ihl' ('\11111':111:',tinancial 'lilll'l11c'1l1' Iii IC'I';':,'1 (,j 1,'\,'1111,'11(111!l""!ltl,I\I' \\llilcu: ..I(\llll'r' ,II1d 111l'l \11111':111\, 1111:l1ll"LlI:I"l'h ,mel 1"111;1I1l'I.l111,11'11111,"11(1\\,,'\c'l, 11I' III'! i'r,lllll,lhk I.'
l'r(\1 ide :1 rl'd';(lIl:II,k c-timatc Ill" cl"iI'CI" (11"the :l!'l'lic,II)llll (l( thc-,c -t.m.lar.l-. 1111111ihc ( "l11I',III\ :','1','1'11'a detailed r,'\ i,'\\
\1:JI1.l'~l'lllCllt :11lt!l'ip:IIC, tlut thl"" 11l'1I,tdllli:ml" Ilite'II'll't.ltilllb ,llld dllll'lhItlll'llI' II ill I", 1,1"I'\I.'d ill Illl'('1\1111':111\"l'lllllkll,,',1 Iinanria! 'Lltl'l11l'IlI' 1"111Ihl' pellod 1\1 iniua 'IJ'I,lll:IIIi\ll ,111,1:1,111[,11111)11'1111.'<'Ie'li
xt.mdard-. mtcrprctauon-. .m.l .rmcndmcnr- except 11\1'11,1\0..;() 1~lllll :lIld II'Ro..; I~, m,11 11:1\,'1111:n:lkll,iI
1I111':ll'l1111the l""lkol1,,'d lilldllci:li o;\:llc'Jl1l'llh III the ( (l1l1P,111Iill Ih,' l'e'lill,1 ,\1 !11111,11:1I'I'ill':III'\)l
• ,\llll'lhlllll'I1I' 1" 1.\<..;1(I .md 1.\0..;41 1,"llIlll' 1'1<\11\",11..11,I"e't, th,1i 111,','1
tiJl.' definition III il bearer l'ldlll 1(\ l-c (lclI\lIllll',j 1111",\> 1'1111,,'1"11,pl.m:dllel equipment ill dl'l.'lllel,ll1l'l' II itiJ J..\o..;1h
• \lllc'lhiJlll'111' 11\1,\0..;1 :1\ .ld,iJ"" I'CICl'ill'd ill1l,,'dillll'lll, 1(\ 1'lc'I,:t1CI,
l'\l'IU,lllc',IIlL'il 111"",l1ll'111III I'IC'l'lltil1~, lil,'11 i"111.1I1ci.liIl'l'''I"1,
1 ,1,IIlII.W, ~II t (,• .vmcndmcnt-. tll 11'1{<";1(1,II I{o..;I~ and 1.\0..;~X (I.lril\ill~ l'l'I"1:lill.l'I"'ll,
Ilj" :Ippll ill!2 the Ulll,,,lill:tti"ll c.\cCI'til\11 1(\1illl l'.;tllll'lll cl1liti,"
• \llll'lldllll'llh tIl 1\<..; :;' .!lIIlI\ .tn l'lltitl tIl .ll'(llLillt fIll iml."tlllc'!1t, ill
'lIl"ldi:lrIc", ioint I cnturc- alld .1';'Ilci:Ill'.; either :11CI\,t. III .ICl\\ld:llllC
with 1.\0..;,II II'Ro..;q III lhlll~ th, cquir, mcihod III elll l'lltitl', 'l'I'.II.Ite:
tiu.mcial ,talL'llicllh
Fffect iv l' forannual pcriodshl'gi""in~ Oil IIr ann
'\l'" and revised IFI{Ss
2.2 Nc\\ and revised IFRSs in issue hut not vet effective and not earl' adopted IlI\11111111,,,11
2 Application of new and n',iscd International Financial Reporting Stallliard, l"IFI{Ss")(ll .ntinucd:
Notes to till' condensed financial statementsfor the period ended 31 March 21115 (continued)
ALI ,1,\:\(,1<: L,\Sl'K\;,\('E P.S.C
IIl\l',IIllCllt 1,j'()l'l'J'lll" :11',',kll'L'llt',lli'l'd \\lil'll l'lthl'l' thl'\ 1i.IIL' hl','11LII'I'I",',I ,,1 ,';' \I,lil'l) I Ill' 1'1\,";I'll'111
PI()I'l'II~ I' lWl'ln:lllcllth II l'hdl:II\1l i"1(1I11Ihl' :l1lc!Ill) 1"111111','l'c'I)IHlllllc' ]1l'lle'I;\ "e'\I'L'lkcl 11,'111:1, ,J"I"",ll..\m t'-.lill~(II I()~~(', I'll till' I'Ctlll'llIL'llt 1'1dhl'(h.tI "Iall ill\l',lllk'lll l'l'\ll'l'll\ ,lIl' Il'UI,-,lli'l',llIl 1:1.'i'I,'til 1'1]f_,s, .... in tbi.' p.~'ri._,d 1_'1' r,_'tiri..'lrl'_'111 (_'r ,Jis:'_"'\I_,s:d.
propcruc- under coustruction Il'l ";1I(h jlllrl'I"('''; lnv c-nncnt 1'1"I'l'I'li(" :lI'c' 111,'.l,llr,',i ;)1111,1l, ,II l"':,
includir»; 11:111,:ll'li"1lClI>;\',C",t m.ludc the (\..;I ,If Il'l'I:ll'ill~ 1'<11'1(If .m l'\I,tlll,-~ 1111,',111",'111l'II'I',:r:\ .1'
till' tunc that l'l"t i, incurred if the 1l'l'\)L:l1itiull critcri.. :Ill' met: ;111,1','\,'lllck, ihc ,',',1 I'{ .i.» \,1
,CI'I icillg 11j:111illl l''otl11Cllt1'1'»),l'r!:, SlIh";l'qUCllttl' illlli.11 rCl'll~lii:il)I), 1111,',1111\.'1111'1"1"'1'1",,,II',' ,1.Jl,' I ,I!
lair \:i1Ul', I\hil'h Il'11l'c'h m:nk"t c'1\J11iitl')ll'ill the Il'I'(lrtint'- lhlL' (':tIll' I'I 1II"l" .111,'IIe:il"llI ,IUlle:l" III
Ihl' LIII' \:JiUl" (\rill\l'~lllll'llt l'I"'l)"rtie~ :lll' illl'lulkd III thl' l'r,'lit ')llp" III thl' 1'':''1''11III \\I:ILI1 'k'\ .1'1<
3,3 Investment properties
,\11item (If 11r111'l'rt\.md equipment I~ ,iL'I"(\)l_!l1i,cdUI'''11J:'I'II';ll 1)1'w hcn 'H) future CL""llllll1ll h,'!ll'tit,~lri.._' ~'.'r'I.._'ctt..'d ttl .u: .........., lr.u n t hc l_·~'lltlJJlI ....,d 1_1~l.· ()j' thc ~l""'l'T \11: ~,\ln ('I" 1~1'-: ,\ll,il1'~\ J1)l ,hl_' ,jl' ..:r'Lh,li (ll'
retirement ,II an item III 1'Il'I'l'rt\ wd equipment IS clCI,'rll1111cda, the' ,Iilkl,'lll,' h'i\I""1l 1\:',' 'Ik.;
]lnlL'c,'d, :111.1the Cdll: illl:',:1111l11lllt"I Iill' :I"l'l dlld i..;rl'l"I:'lli,,;cll ill l'llllit II) II'"
IkI1Il'L';;ltil)ll i, l'h,ll'~~l'd," <I' 1,)1111lL'loll IIll' l'\1'1 l)1 ,»<'\>, otherthan l,II'I1.I! \I"'~ 1111'1",-,:,'",11,.11,111,1.
Illl'l their c-tim.ncd lI'l'lulli\l", l"lIh.'. the <tr.iirht-lin« I11l'lil"11 1he'l',IIIlI,lkJ II'l'lll: I",:, Il"I:i i.\: I. Il'le',
.mel "kl'l'l'c'i.lt)\lll Illl'th"ci iii,' 1'c'\ll'l\l'd :11,'ill'h xcar l'lld, IIIII! ;h(' ,'Ikll "I ,111\i h 111;',',II', ,',liPidic'
:1l','(llllltCd lor I'll :11'111'I'l'l'li\\' h:l'l~
()Ibel l'llll'l'll\ .llId l''iLlII~llll'llt .lll' ,UlL'ci ,II l',,,1 leo" .Ic'clllll'ILi1L',i ,kl'll'llJtl,1)1 ,1i1.1 ,111\:.kllli:il'.i
imp.unncu: II"'l"
Capit:d wor], ill 1'j'(Il_!I'c'"I' ,Iated at l'\1'o\. k', :111\Il'l\I~,lli'l'd 1111I'.llIlIll'I1'I"" Ikl'I"l!,II!,'11 ,,[ 'Ioc''\'d',l'h, on Ihl' ,:lIllC \>a'I' :1, other I'rllpcrl\ and l'c!llil'llll'llt, C(lllllll,'ll(l" Ilhcn Ih,' ,1"l'I' .lIe' Ic',:.i: tI'! lill'll
illtl'lllkd II'l'
3,2 Propcrtv and equipment
I he :1L'l'(lllIIIIIIC:1'"li(i," III Il"I'l'L'[ (lllllh"tllll'lll l'rl'p,'llll", 111\(".I!ll,'ll1III ,,'(Ullll," .m.l 1'1.• ;1,'11\ III.:CQ11il'Il11'lltdl'oc'llhl'd ill Iill' :\111111,11:llldikd lill:lllll.d <t.ncmcnt-. .uc 'Lltcci l'l'I,)I\ ,I' Il'ql!II,'d ;,\ \:,illi'I'"
.md ('()11111I\,dllil".vuthoru. Iwlilil:11 on dall'd I::: (lcll)I'l'l :::IJlIS,
I hc-«, l()lld,'Il'ol'd lill:IIlL'I:d <r.ncmcnt . tI" not include all Ihl' iniorm.uion rl'c!c1II\'dI,'r 1IIIi ,1111111,1:lllLlllc I'li
"LIl,'Illl'llh :1Il.! ,hl'l1ld hl' r,'(ld ill l'(IIlIIIIll'II('1l \\ iih Ih,' ('(l1111'.\ll\" :lllllill'll .1ll1Hul lin.m. ui ",ltl'llll'!\h ,I,
:11 .llld 111Ithe \ l\11 l'lllkd ,I I k'L,'IllhcI :::()1I III addition. Il',lilh I"l the thrc. 111<'11111>1"'II,"! ,'II<:",I ;:\1.1IL'11 ,~III,~:11,' not Il,'c'l'",:irlh indicutiv c otihc Il'''lIll, that m.r, he' l'\I"'l'I,,'d 1,1:th: lill,lllc'l.ll I.e'11,'11,,1,,1','
,I I)c'll'lll hl'l :::111"
I Ill' :ll(()lIlltlll~: 1,,,II(il'~, prl"l'IlLltl(11l ,lIld l11l'II]('II, III thl",' l"'lldl'lhl'll liILI!1c1l1,t,lkllll'!lh lie' ,"II",klll
\\ ith those lh,'d ill the audited lill:l1l(i.d ,,1all'Il11'llhlor the \ car ,'Ildl'd i I J)l'l'.'ll1bl'l :::111I
3, Summar, of significant accounting policies I continued 1
:\otl'S to the condeused financial statementsfor till' period ended 31 'lard! 201S (continued)
III,\LLL\:\CF I:\Sl'R\:\CF I',S,c.
\ lilldll,'I,iI .1",'1 ~111dIln,IIILI,11 luhliitl l' ,,11,\.'1,111,11Ill' Ill'! dllll"IIII I' il'I"'ril'ci '11th.: 1III.IIIll,l; ,11:,'1\1," I'
t'11h ,,1"'11 ih.-r.: r , l(.':__~,llh 'lll,'l"l'l"tl ...:t..' r];l_h: 1(1" ,! ,dt" t!1l.' r:.._',--',I;"'tl ,_',! .ll1'\,1 ':i l~l,! ...,' ( ,1)::"\ '~',,"
1"1
I I
1~11l,llllLII ,I"l'h an.l 1:lldlll1.11 11,1\1llltl," ;11,' 1"ll':'III'l',1 IIhl'll ih.: (,,1111',111\ l'e',"III",
"'>111111\.'111.111'1"1i"lI'n" ,,1' Iii,' m-trumcn:
ii'~I" Ii':, ./" '
J,:, Fjll:llll'ial invtruuu-nt-,
1",:,','111.",1 1,'1 ,I-,;: ci",:1 1,,1,1i :'l'ILTlt'IH.' 11111"III I'l"" \,',11' \ I',", :1,.' I': '1 "I
lL'l"~'llh".1 1111111,',llcl!l'l\III III,' l'I(1llt ,'r I"", lilli,'" thl' 1:k'liI111 :1',<1 I, ",liTle',! ,I':t ,II'! ,11""111',III
\1111,'11,',I'l' till' 1'l'll'hlli "I Iii,' uup.iirmcnt I",,,, I. tll'illl'd ,I' d 1,.'\,liILIII"11 1II(Il';I'l'
,,-' "I. '-': .1
1,1'", I'"\\ 1\',-'1 ....' .m !11i;',t:i·~1li...·11;1\\" <l;"'l ...!~l·..,'nt!> :-.,' \ \.'1"''''', 11k' ....:!"!'\ \:'~Ill" : ..' d ,~ \,I t I' 1 I...." !.:\ 1....I....\,! ... -! : II:, It-...' t' i :..:1.. \ '\ .._'i .: i ,1 ....' .tt t ' \ "_1; 11.
lilli' 111111l'lltI"" I' 1,'ll'!'III'l',1 1111111,',II,lkl\ill lile' l'II'lil I" I"" IIlll"-' III,' 1,'I'_-\,1111,:"" I' , 1111,
Il'I:II'I,'d ,1111",1111.III 1IIIIlil l,I'l' till' illll',lilllll'lll I,,,, h tll"lk,1 ii' ,I 1,'\,1111.1111'11,kll,',I'"
I" 1·~·.:':~\.' : '" '" r,:\,_
;1"11 ~ll,'t,'ll'\,,'~ ;:"\',: ~::~:\,11:1' ,~ 1:'1 \ ............" ,\,' ,--1,;
'-- i '_,:l !: ,;':111""lt',',! !" Illdll'lllUI"I,1I ,','lll'I,I'I:l'-' U1111",'1 "llll'I\\I'~ 111,'\,II,' ,11:""lk,i ',I 'I:: -'!i,lli,
'-'L'lll'I,ltill,I' 111111>1,,1Ilhltll ,11,\",'1Llhk .ui.l lI'ibl,I,'llt ,lil"L,ltl"III'.I'I' l,lli I", i,kll'llil',j
, t '
\t III,' "llLl ,'I'\I,II rl'I','1I111:'I"'III"1. thl' l "llll',III\ 11'\11'11.III,' ',II:IIIL' ,1:1111:!lli,I': li:l'll ',III I",,' ,1",1, '"
d,'kllllllll' 1IIIl'tll,'1 th"I" I' ,1111il1dl(;lti"11 11',lt til,,,,' ,1.,,", 1I;lll' "llkl",1 ,III 11111',11111:_-111It 1"\ ",'
J,~ lmpairnu-nt 01 nnn-fiuancial a~'l'"
1';111I,lilll' I, ,kkrrllilh'd 1,\ "I'l'lllll,j"I..':1 \,1111,"1',I"'d ,'11l,lill,III''1I' 1'1'1:,'111lL"!h 111,1T '11,1,'111·~I'\,',,"
.ui.l I. 11)1,rllLliil"
"T'«(IJl1J',ll1~ .ll..l'1111I1t, t,lT' "111..'h I'Jlll'lTt~.:11 ,!i._'l',\f,l,lllli..' \\It!: !!:-,-' l'llill\ "L!'l'~; ::11,,1.•.': ;'~'\l',.'!i'1)' III III,' .l.u« ,'1111,-'l'lnIL',' III II','
I r:III'kr I, 111.1,kI"~,)r 11,'1111IIIl"tllll'nt l'r"I'L'I'\ (1111\Ilhl"l th,'I" I' ,I l h,III,-,,' 11111<,'I ;,1,'11'" 1h .. li;c' :",1
tIl (\\\11\'!-\\l'lllr~,tl!1)11 Ill" \..1\1l1!1lt_'lhl'J1ll~nt (II "11 \11"\.'i,11111~~ k',\" ...' '\1 ,I!ll \h:':1 r,~:t.. I" \ 't 111 t'-'1 t, "!
i:'\l',111't'!~1 j':II!'I\.._'r1: til (1\\ h.'1 \llll_q"oj;.._-'\j !':\Ii"''__''':. !:Il' lL.>...'jl)..._',j "I"! :\\~ 'ld",,;,,_\~:, .....'l ~l,I' 'll,,:
\,1\.,,' .11 ~!,i..' .l.u, \,t .h.ur.:«: "I 11",-' Ii 1'\\11:__T \',.1..llJ·ll·~j !"r'\I'-~'~l\ !"",_'l,\!l ~'" .\'1 .. ·...' ....'1:
-"J Ill\l"111Il'1I1 propt'rlil" Illllltlllll,',11
'\Oll'S 10 the cnudcnscd finaueial statcuuntvfor the pcruul cudcd JI 1\lardl 2(115 (cnntiu ucd)
1 I,\ U ,I \ '\ (L 1'\ SI I~\ '\ (I, I',s,c.
(':I"h .md (:I"h l'quilakllh, \Iililil ill(llIdl' l.bli (\11il:llid ,llhlllllTl'll1 :Illtl Illh \I:ll: ;'1111-.",1',' I !,!,'111,',1,I'
lill:lIlll.i1 :h,L'h:1t :1I111)1'11",',llll,1
l hc ('l)llJl':lIl\ m.:I IIT,'IIIC:lbh elect :11initial r,'uI).:llllil)11 It I cl.!"..,ill :1 ,kl'l 1I1,t1'1111,"1I'11.1''11,','1'-,rilL'
<llllllrli,ell C(I',I criteria (lh(\ll' :I' lit I \'11'1 it' that ,1""1'-'.11:111(\11climin.nc. 1\1 'i"lll:i,.I!l:I\ rl'j!ll," .m
dCl'(l1l111i ilL',mi <mate h !J.ld Ihe Ii nanc i.il :",,\'1 1'1.'1'11Illl'.hllr,'d at :1111(\11I,,'d Llhi
11i,' elkClill' 1111,'1'1.',1l11ctlHld i, .1method (It' cdiLui:ltil1t'- the .nnoni-cd llhl 111:1Ikl'l ill,tll.lll;c'lll .111,:t'l
,i1III(:lling intcrcs: income over IhL' rclcv ant period I he c,tkctill' Intcrc-t 1.]1,' I' the lelk th.n ,'\,Il:h
tll'C(llll1h till' c"lillJ:lIl'd luturc c.rsh rl'll'ipl, IlllLllIdiilO: .ill kl'>" tq, ;'Ilillt' I':I:,! or Il',,'i' ,';1 ':;,11 I,'r:ll y,
illtl't'-I:ti part III the l'llectil c' illtcrl'q r.nc. tr.m-action Ct)..;b and lllli,'r I'rl'lllilllli"; or di<,·u11l" tl.r. :ii,'":\I"'l'le,llifc ofthe lie-hi iu-trutucut. (II (lIhel,' :1J'I'I(\jll'i,IIL'i.! -hortcr p,'rilld, !Illlt, nci • 1111Ill", ,111':1III,'"
i11iti.r] Il'l'l It'-lJiI i1111,
"lIh,l'ljUl'1l1 It I initial rl'lll).:llili')ll. till' (111111',1111i-, required Il' 1\'ll.l,,11I lkl'l 111'Irlll11,';'I, jlllll, 11111,,'11',',:
CIl<;1I" 1\ 11'1 if 11lL',)hil'clile ,)f the hu"illl'" 11111lklcilalH.'.e' \II ih.u i!il' ,1!l1tlrll,,'d "'''I lllll'II,1 ,II,' illlIt q 1~~I,.'r1111...'1.
Ikhl instrumcnt-, mcct ruu 1111'''1.'crill'l1.1 :Ire mca-urc.] inui.illv III hil I.illk' 1,1'1'!!.I!I":hllt':1 ct',I, 11i"1 .nc~l.IhCljllL'lllil mca-urcd <II :l111IIr1i,ed((hi ihil1!.'. (hl' 1'lk(III,' Illkrl',1 l11l'llltlc! Il'" ,111\1I11!',:11111L'111"l','
,.(," h\,I(\1\ I, 1\llh il1t,'I','\1 income rl'll)t'-I1I\l'd (\11.II1L'Ik','III,' ~Il,Jj I',bl'
• I ill' "lllllr:I(llIal 1,'1111"(11 the instrument t'-il,' rl'l' 1111'l'el'lli,,'d .i.uc- I,' l,i,il 1111\1,11111,11\:,(,kh1':11I11l'lIl";III' I'rilll'il'<ll .m.l intere-t PII the pl'ill(il'.ti amount (lllhUlldl:l",
• Iii,' :1',,:1 i, hcl.l l\i111111:I hll,ille" 11111lkl"Illhl' \)I'I·,'lllll' I, 1<11i1,],1.1,,1.'1, ill t'l,k: I,' c"iic'LlLlllllrlll'llI:11 (,1\1111tl\\>: dlld
ill! Ih,' PlllPl"l'''; 11t'l'i:h,it'~ IlIg linll1lci:11 :I"l'h, 1111II1<rtllllL'lll i, an 'l'qilill Jlbl:lII1IL'III' II IT I, .1 11,'1'1'
Iklll.tlill' :llltl Illl','»; the dcfinuion III 'l'qlllll' lor the i''LI,'1 (111l,k'1'1.\" ;= 11Il:llkl.!: l:l,IIIIJ1L'll1,
l'I'l',,'III.!Iitllll "\l'l'pl 1111'l','r1~111l11t)IHiL'lil:llill' plillal'k m-arumcnt-, 1'll",'llk,1 ,h ,'qllill h ::1,' 1,,:,,'1 \11
other non d,'lil :1111,'lil'lllll'l.lI :h'l'I" .rrc 'dL'I'1 111>11111111'111"
(\lllil1~lIllial ;I"l'(', .uc I'l'cIlglli-;ed and dnl'l"'gl1i",'d ou tr.td,: ,LIlL' \lhl'lllh,' l'III','ILI'l' I'I ,elk ,lI.1 Iiu.mciul:1"l'l i-, IIIHkl' ,I (llilILICI w ho:«: krill, require lklill'l'.' llf ;h,' li11:IIl(I.iI ,1"l'l ,\I:hlll \hl' '111','11,1111,'
,'..;uhli.;iJl'd hI the Ill~ll'h'l l(IIlCl'rlll'd lin.mcial :h,eh :ll'l' inu i.ill , 111,"1,111,',1.111.111v.iluc. 1,1'1,11,111',1,111\11
uI,h, ,\11 1'l'l'(l~lli'L'd lill:lllL'il!l :1\,,'" <Ire 'lIh-;l'ljllL'lllh Illl',bllrl',i III tilL'il l'II"II,'I\ ,II ,'ltll,'1 ,11ll"1II,,'d c"';Ill' fair \ill Ill'
J,(l Financial assds
J. Summa rv of significant accounting policies I (!ll1lll1lll"<l,
:\otes to the condensed financial statementsfor the period ended J I Vlarch 2015 (cuntinuedj
I~ALLL\NCE J:\SLR,\:\CE P.S.C
Debt ilblrllllll'111'1 drl' I,'cl""ili,'d Irom .imortiscd (,hi III 1,\'11'1 « hcn llic' l'lI'llll'" 11!",k, I' lll.l)I~"li -u.: IIIWI Ille ;IIllUl'1i';l'd c,Iq ,'I'lkria arc 11(1Illllgcr mer /{,'(/:l',)jIC;ltlt'li \<1 lie'I'! '11'lrII111'.'I1"1/11111',' /c-,I,'n,lk,j ,J<,
<III \' I 1'1 (Ill illilial IC,'lgllili"ll i, Ill't .dlm\l'''
I )l'l>l IIl"IlII11l'lll., that d,) IHII meet till' dll111rtl,,'d (",1 critcri.i 1"'l' ,jl,,)\l') ,Ir,' Inc',hlll','d ,II \ 11'1 1'1
addition. dehi instrumcnt-: 111,,1meet till' :lI1lllrti\.,'d ('lhl critcri.. bu: ,II,' lk,iC:II,ltl'd .j-, .11I \ 11'1 :11:
IllC1,IIICd all \ 11'1 ,\ lie'I'1 Ilb11LlIl1l'111ma , bl' lk"I~lla1L'd .1, .u 1\ 11'1, 11]'11"111!11,tIr,','I'e'llitl"li :1 ',khde,ii!-Il:t1i,lll eliminate- or "1l'_lIiji(;l!1l1~,rl'lltll'c' ,I mca-urcmcnt "I' r,'c')i!-1l11'\111ill«'Il,!,klll\ 11111\\lldl,i .ui-.:from l1ll'a.;urillg ,i"L'.1-; III li.ihi litic "I rl'«'glli,illg the gilill' and 1,,\.,,',; 1111TIIl'll11111,ldle-lc'!11l'd'c"
lnvcstmcnt-, in equity in-arumcnt-, :lll' cl:t,.,ilicd a- .u 1\ 11'1, unlc • the ('()IllI',IiI\ ,k,ic',lIlk, ,\lllli\,"lllIl'll
th.u i-, 11(11held lor Ir;lcilllg ,l<, ,II hil value throuuh ,<hCI L'IIIIIprchcn-i , " 'i1("llh: II \ 1\)( I, .'11 ;i:I'I,:1
1"'((I!,'llilillll (\.l'l' "hm c ).
l)i\llklld, "II Ihc «. 111\l"tllll'nh Illl'qllit) m-trumcnt- ,11'<': 1"(l)~I1I",'d 11I1'1,llil ,,,' !"" \1, he": !!',' 1,'11\1'11'\ 'li~~lil 1,1lell'l\ L' Iill' di\ id,'lld, i.; c,uhli,-;ill'd ill accurdan.c "lliI L\,-, is Rl'\ ,'illil', 111[,,'" ti~,' ,:1\ t.k::,!,l',,",II" ICPIl''''lIt a 1l'L:l)\l'l: ,)II'MI otthe ((1,1 ofthe invc-trncnt.
Ihe CIlIlll):lIl: 11:" d",igll,lll'd ,III ill\l"lllll'lll'; ii: l"luil\ 111,1rumcnt -; :md iUII,I, 11l.1:,1',' 11'1lh,'lll I'li lr,LiIII-': J,;11I \ Il)t I
Il1\l"ll1ll'IlI':l1 I \ lOCI Ml' initial!. measured ,II lair \;lIul'I)III" 1I';II1',llII<'11,I·,t" "ld",'qlk'JIII\, Ilk'\ ,II,'
111(';1'111('":11 Iair \dlIIC IIllh i!-:Iill\. and I''''\'l'' :Il'i,illi2 111)111lklll"," in l.iir \;Iiu,' rl',I'C'!lI,,',1 III 1<111"1
c"lllprl'I!l'lbi,,' IIIU)IllC and accumulated ill the cumulative ,iI,l1l~:,," ill l.ur ,,,illl' "I' ,,','1111I,Il"r,'<lh' Ilk'
cumulative i!-aill or Ill,~ will 11\11hl' rCl'Li.,.;ilicd III jll'l)jil ,II' 1"" 1)11,li'i"h,11 lIt 'i1l' 111\",1111,'111-1'1,1
rCl'I'I.,.,ilil'd In retained l';lltlilli!-'
• it h d lkri\dli\l' Iildl i, 11(11dC~I'-'.I1:lkd :111"clk,li,,' ,I, " i1,'dc.;lllC:111<nillll'1111<1" 'ill,llhT::
l2U,lr.lI1I,',:,
• ,111initial r,'\',l!,'.llili"ll, il i- part \,1;1 i',)!'II(Ili,\ Idl,klllili,',1 jilLlllll,1I '!1-1IIII'I,'111,til,lt Ilk I' '1111'II!
11);111(1l'_l',Il,!'.,'lhCI and kl\. l'\ 1,k-I1(l'IlI:t rC(l'llI cl(ILI,jll'alTl'lll ,d ,I!,ql-klill ;'!I,;'II-I,IJ...I'IC:,,,)
Oil iuiti.tl 1"(I'~llili"I1, the C\lilll)dll\ (,III 111,lh.C,III ilT"\IIl,II,k l'klll"11 1)111,1'1ill'lllll1lc'lit-i-I-I'i,lllI111,":
11:1,1,)III ,k-'I~'I1;:IC 111\,',IIIll'IlI' III cl]uit\ instrumcnt-, ,b ,II I \ I ()(,I I k'IC'!U!I"11 ,n I \ 11)( I I, ,1,<1
1"'IIllIII,'d ilth,: "quil\ ill\ c-urncnt I, 11,'I,11(11Ira"lll!'.
111\III,IIIL'L':111"other rCl,'i\:lbk, (l'\,cllldll1i2I'I'L'I',I\lllL'llhl, ,kl'",ih :llhl ,UIIIII'!'\ ,kl"'''I!' ,II,' I1L\I>\II,'ci .u,llllI1111'l'" ,',1,1 )1,il1)'.the L'lkl'II\L' II1IL'rL"1method. k" am I1l11':1lrJlll'I11111lL'r,',1Illl,':lll' I, !c',IIe,:III'c',1h,
,IPI)I: III!'. th.: l'i'kL'II\L' II11L'rl',1r:11L',l'\,l'cpl lor <hort- term Il'L'L',\;lhk, "h,'li Ill,' IC'll'C'lllt)\'11 ,,: 'IIL"I,'<
""Ill" he 1111111:lll'I'I:11
,t SlImma r~ of "igll ifica lit accnun ting policies IL'l1111inucd )
Noll'S 10 the condensed financial statementsfor the period ended JI March 2015 (cuntinued)
ALLL\~( 'F I:\Sl 'H,ANCE P,S,c.
II. III :1'lIh<;e'ljIICI11period. the ;1I]WIIJlI"I Ihl' impairment In" lklrl',l'(', ,lIle! the de'lll',I'c' ...m hc' "e'I,lk,1,lhil'cti,cl: 1,1 ,III even: ,'(currin!,' "Iter the impairment 11,1' ICc(li:-'III'C.!.thl' I'ICI !('Li,h 1'_'ll'(IlI'I'c!illlp;lirnlL'nl I'l" i...I'l'l cr,cd Ihrllll~h pl'lllil (11I,,,, 1(1Iht' l'\lclll tilal thl' (:Il'!'1111.",,1111Il1PII,'I ~i;c' :111.1l1,'I.iIZh'l'l :It the'dale' till' illlpZlirllll'1l1i, rCIc'r';l'd d"l''; 1l1)ll'\Cl'l'd IIkll Ill\.' .t1ll1)r1i'l',1C(',t \\1'111,11-,:11','h:l'l1 !udIhe illlp:lirtlll'nl nol l'l'l'll rl'l"'~rli,,',l.
I he'c:m: IIII.'.:111)(111111(,Ithe linancial ,!',cl" reducedhv thc ill:I',lIJ'llll'lll II'" ,lil'c'Lth 1"lr:\11 li:l.J')ci.il 11",'t,with the l'\l'l'I'ti(111 (If insurance r,'l','ildblc>, where the ~d!l'\in~ amount i , rCc!illl',1t till' 'I'c' I't ell,:t1I('\\:IIIl'e':lC("11111\\ hl'lI 1111111".lr;lll(l'rCc'l'i\ahle- I, lllll,i,krl'ci 1lIlll,I!:(til'k, II i' 111"11,'11l"! ,1<':'JIIl,1th.:allowanr« aL'UILlllt SlIh';l'qlll'1l1 rl'l'll\lTIC' (If amount- I'rn [('11,1: IIritk'11 (,11 .uc li,',lik,.! ,Ie',un-.' rll,';t1I"\\:III(l' ;IC(l\llll, l'hall~e.; III the (aIT: III!,' .uuount "t 11l,':JlI,'\I,llIL'L'.1('1111111die 'l'(I':I"I;,,',1 II' !'r,lli: ,'1
1(",
I he amount (II the impainncm Ill';'; 1l'C<I~I)\'l'di-, the dilfcrcu.c hel\\Cl'1l1h,',h'l't', ,':lIT\ !II:":JIIII'U::: ,\11,1thc'pre-cut v.rlu,. "I'Cqilll<ltl'd luturc (:I,h 11"\\,,rl..'lkl'liIlS th. :11ll(lII111"I l',<lI,\l,Tli ltilll'ii,I!',ll1le":, ,11,,,1111;1,',1,IIIIIL' financi.il C\~\loj',;oriuinal L'lll'l'lil l' inll'rL"1 r.uc
l-or l'l'rt:lill (;Ill'~(lric" (11 tin.uuial .1"Cl. ';UL'h:1' in-ur.nue Il'll'l\ .iblc-. ,I"l'i' lli,\1 ,Irc' :1"c",:,1 11('1tl' bl'imjl"ir,'d indiv idu.ill- arc. 111;Iddllill\', ;1"c,,\.',II"r illll'.I:rllll'lll ('11,\ (Illkll!'.e' 11,1'1'()I'll',lllc' ,,'\!,ic-Ilcc'1,1impairmcn: Ior .I 1,\,rlii\li() "I l'l'l'l'I\:lhk, (,'ul,1 include the ('(11111';111\',1',I,t C'\I'l'rll'lllc' III ,'11:"'(1111:":1':1:mcni-. an illl'll':I.'l' ill th,' number ,<I dci:J:,',1Il,l: 1I11'Il~'III till' l'l)[II,<ii" 1'.1,1ih.: ,\ll'[,I,-': llc'j:1 l'c'llI'cI ,,!:1' \\l'll a, "!''''!'IC\I1!L' Ci1.lIl~l" 11111:111\111:11')1 I"l'dl l','(lf)l'lllll' ,'(llhlll[('ll, III II ,'IIITl'I,I1c'\\!111,k:,I"!: I'llrl'CCII"hie"
111:IIlli:Ii:1"l'I' that arc measured :11,1111,'rtl,-cdl'lhl nrc :I';'l'"ed lor IIII!'.li rill 1'111.1' I"c' c"h! ('I c.u l:rl'I'"rtlll~ 1"'li"ci lin.mcial ,I',c'h ,IlL'L(llhidl'll'd \(1 h" IIII1'.1iI,'ll II,11'.'11ih,'ll' I, ,'''11'1!i ..I' ,'\ ,k!I", 'il.:: .1'.1rc-ult llj '11Il'or more CIL'llh 111.It(l(L'IIITl'dalter the initial Il'C'h.clliti,l)1,» !l1c'1!11,\;hiii ,1"";" !:k' ,',IIIII,!t-.'.:IUll1IL'L',I,II 11,)\1'; ,)jlil,' ,1"1'1hdll,I'I'l'lI .Itll'l'll'd
I)il Idl'lld Illl(\I11,'(Ill IIlIl',lllll'llh III ,'qllll: instrument, :111\' 11'1 h r"("':'III,,'J :11I'r; ,tiT "ii"" \\ 11,'<: ')h'
C'IIllI';I1l:'~ ri~IH I" rClL'il" the di\idL'lld~ I' ,',l:Ihll,h,'d III dll(lrlL!11L'"\\llh 1,\'-. IS 1<:1,'1',.:,',I:nk" ih,:,Iill,knd, L'k"rl: 1\'I'rl'\l'IlI:1 r,'(,IICI\ "I'I':lrl otthc (,hi '1I'tl1l' iuvc-uncm
I,inancial :h~l'h ;)1I,\ 11'1arc Inc,I~llrcd ell 1:111' I .iluc at the end (\1each rl'J'(\rlin~:I"'I'I,),L \\ uh ,\11\ ",\!II, prI'h~l" ari,il1~' ,111rcmc.r-urcmcnt rl'(\~_'Jli~l'd111profit (\1' I'h~. I .rir I "ill,' i, ,ic'krtll:11,',1ill Iii,' 111.llIllc'ld,",nilwd III IHlll' Iq
j.1l Financial assets (l,)11linlll'd I
.t Summarv of signifil'ant accounting policies ((,I11li11l1l'dI
!\int c,,, to th c, condensed financial statementsfor till' pcriud c-udcd J I ')"ITh 21115 (cunfinucd)
11ALLlA:\(,E INSl 'R\\(,F r.s.«.
\1dllol~l':lll'llt c-umatr that there h;), been 110 (ham'.l' ill IhL'1':111v.iluc III 111\c-unem !'I\,~",'I"l" 1111 ,"':1'c'II:PI(lJ"Tti," ;Irl' CI:1~,itied ,b l.cx cl ., II: the t'.m \ aluc hicrarclr, ,\'> ,II ,I \ l.u ch :11 j" (.~1 i )l'cl'llli'l'l :1 i 11Jl'\l'I~)
6, Investment pruperties
:", I'ropnh and equipment
III prl'p:1IiIH2,Ilte'l' ll'll,iclhl'd fin.mcial -t.ucmcnt-. tlil' '1~-'Jlilil,\Ilt IlId;l'llll'llt' ilLllk h l'Uil,lc'c'!l1,'llt 'll
appl~ill~ till' CUlllP:IIl\', dL'L'lllllltiI1LCp"iilie' .llld the f.l'l -ourcc l'i l'"illutlllll lillll'lJ.I!llt ....Ill'!l ti:,' ',I'IIL' ,\,>
tho:,c that appJil'dtl1tile' financial -t.ncmcnt-. (\11'till' \ car ,'Ild,',i .~J IklL'I!ti'l'I' 21! II
I'II,' 1'll'I':lr:lli,lJl "r Clll11kll'l'd lillolllCi,ti 't~lll'llIt.:II1'require m.u.accmcnt tl' !ll.lf.,' lucl'-','ilL'IJ:" ,',I'I'I,lll" ,11Ie!
d',lIllIl'li,,,,, th.n ,11'1l'('tthe applic.uion ul ol(l'lllllllill~ I'(lliclt:, ,mel Ik' Il'l'(lrtl'd -1111(111111,1'1 .i""!' ,III"
liabilitic-. illl'\ll1ll' and l'\J'l'!"l', \llll;ti rc-ult-, 111;1:dil'kr lroin th,',;l' c-tim.uc-
~, Cr irical al'l'ounting judgl'lIIl'n", and ke sources (If estimation of u ncvrt.nntv
On dl'l'l'l'IIL',llitillI1\,1 .i fin.nni.rt ,1'''''llh:11 I' cld',llic'd ,I'; 1\ J()CI. the llllllll!;II,ll' ::~1I111'1' I"" J'!c'I!\IJj,:1
.ucumulatcd ill IIlL' .umul.niv c Ch,1I1~t:'ill :':Iir "111Il',,1 ';l'(lIIilic" 1""l'lll' I' 1I1't:,',I.t",j"ll'c! II' 1',,'111I"Ilh'. hul I, Il'rl,I\'llil,t!ll' Il't.Illll'til'dlllillO'.'
()" dl'rL'l'(\i'1l1111111,,1,1 fin.uuial ,h'l'l 11lL':hlll'l',1,II ,1I11l111hl'dl,hl ('I Illl',bll!l\1 ,I! 1\'11'1 1!!I:','I,'!I,,'
hl'l\\l'l'lllhl' :1''''1'' ,';IIT\ IIILC '1!ll(11.11l1oIlldIhl' '1Ii1l (If the (llll'>:dl'I,llil"l rCI','11",I .III.! :",','il.I!'k "1""'c'III,,'<I
ill I'll >IiI I lJ IIh'
lhc ('1"l1P;III\ dl'I"C"!-,lli,," a lill<llll'i,ti ;1"l'l onl , w hcn the c"lllr<ll'IILII li'-'~lI' Il' Ih,' l.l,ll 11.,\\, I!"III ,h:;1"l'll'\I'irl', III \\IlL'1lilll<lll,kr.; th, lilLIllci:11;1"l'l ;11lc!,Uh.;l:lIlll:tih .i!l the II,b ,llld r,'\\,II.j, "! ,'\\11-',,1111'
IIi I ill' :"'l'l 1t1 .urothc r l'IlIII\, If lil,' Cl)I11I':III\nciihc. IIdIl,ll'r.; ilL" I('LIIII, -uh-t.mu.r!l .. .il l Il,: I ;'f,' :tl,!
1\'\\,11,1,(,ll'\\IlL'r.;ilip "Ild cPIIIIlllll', 1(1((llltl'lli the Ir:IIl'iL'IH'd d"l'\. Illl' l \"III'elll\ ,l'l,''-'"I<' :1, 1,",1!',·,\i
IlllnL',1 ill lilL' ;1,,,'1 ;mel .in ,1"llll,llL'd li:rhllil~ Ior ,111111llllhII 11101>h.iv c I,' 1',1\ Illhc' C":liI',11111,",11':,
-ub-t.uui.rl!. all the ri,b .uul IL'\\;lId, 1'llll\Ill'I,hip (lId Ir,111,kITL'dlillclllll.ll ,1",'1.llll(','1I:;1.1:11 ""IIIIIIIl"
II' 1('U'!-'Il"l'lhl' 1:1l.lllli;1i,1",'1 ,llld ,1i,,1rl'll'L:III'L" d cloll:rkl,lii,,'d 1'\'1'1"'\\111,,-,1"111\\'!'I"l','l',i, ,,', ,'1\ ,'"I
Financial asst.'ls illllllill!ll''')
Summan of signilil'ant accounting policies i l'I'lllilllll'cilJ,
~oh's to the cundcnscd financial statementsfor the period ended 31 March 2111:' (cnntiuucrf )
I~ALLL\:\(,F "St:l{A'iCE P,S,c.
; ~.11iI, ,III i '
: II'''.'-i~ i
\ Ii)
; 1 Ikll'lill,c'!~III I
I ,ill,lIL..',l I
JJ.(HI5.no 11.521.-tS6
6-t(U6J.XO-'
h2S.~02.2X-t11.(,(,1523
31 Vlarch201:'
(unaudited)\ I· J)
1Oll~ tern: dCJl(l,ih II ith h:lI1k, in I .\.1'c\ClI'lIcrlll1tcrcc;t
,,[lml Il'III11ir-I'I"ilc; Ilith h:1I1'" ill I. \.1..vccrucd 1111l'i'l',1
.'
lhc "')Ihl, liml ,\ ll'lIl'(l11 Idle', 1)1'.' ()(I"" II' ~,:>".,I'l'!' ,1I111111ll,llhlllltl'l'_:'1 I' !'.I\,lhk ,,'Ii1i-i1ll1lll,llh 111,'('(\llll',1111 IH,lll\ lhl"\' 1II\I',ll1ll'lll, Ililh th" ()hlr'clill' 1'1 11'I,'illl1:' the' l(lll1l.lltlLIi li,j, '1,,\\, 1'1." lill'
m-trumcnr-, Ilk l hc i':lil Idllll' ni'qu,)ll'd hUl1d, Il1l"I,L1I,'r!:11,11111'111",,,'Ihl .1' ,II ;1 \1.!1,1: ~III' i' \11)h:2 1I11111(l1)
f, 1,1 r, i , I ~ ~;'\,lqS.':~
[ h'I...',,-'inl''''l_~I \ i 1
I I'IJII ,',I i\ I I)
I'
; I I ),'cc':lIl','1~I i I I
',IIIIIlc',li\ I [)
(,I.I-t:'.JO~(l(dI9.~-t(l
JI 'larch201:'
(unaudited)\1-1>
-.-.'X50-t
~.6%.1:'-t-t2..':'O
J I 'larch201:'
(unaudited)AFI>
()IJ()1L'dh)l1d, i',IIl'd h: I()ct! h,ll)k, II) I ,\1I 11l111()ll'dI)UII,b i',llcd 1'1 1('cIiI",111'" ill l ,\1
J' 'i, I (11 t: i (1/ / J? \ 'l<t n .: /1 f .r! (/,I)! 1.11' / /" t ;' l (.i ~ /
<)II()1L'dCLJ11II~~L'lllillil" 111I '..\ I
I :I1LJllok'dl'qllil1 ,,'cmitie, 111I' .\ I
7 Fill a IIria I i IInsf IlIl'lI Is
:\ot('., to the condensed financial statementsfor the period ended JI ,'lardl 2015 (continued)
ALLlAi\(,F L'\Sl R\:\(,F r.xr,
..,,S '\ : ,:::III)~, I ~I I,';S 1
- :-; : l)_
1,\,=='1,1~ ,
\ 1 I)
;! Ik,,'ll1h:::::'111
"'.3"'3,3()~2,93-US:;12,63:;"BJ3,32" ,f)-()
39,1 S65(11SS.l)""'AO""
~65:,4,9:,:;2,9,Q,2S:;
101.(,J2,-~0,~"n"'.o"'l)
31 'lard!201:'
(unaudited)U:U
'\d\ 'I:lillh rl'J,(1rkd un-a-tt led\ 'Ltillh incurred hut not 1"'I'L1rtcd1 '11'':II'lll'"premiumsIkfL'rrl'd dCljLli,itltlll co,t
Total re-inxurers" shan' of insurance contract liahilities
Reel" l"',,l>ll' f,'oll! "('-in"It't"'~l'1:IIIllS reponed unscnlc.lI ncarne.i prcmiums
Total insurance cunt ract liahilit ies - l,!ros,
(; rossIIl';lIr:llll'l' ,'(llltr;lcl li;lhililll'"('i:lilll' rcp,'rt"l! lIll,cttil'd('I;lim.; incurred but not r,'p(lrtL'dI ucamc.l premiumsDc lcrrcd acquisitiou ,',ht
l), Insurance coutract liahilitics and re-insurance contract ",set-;
\ ,icl'(l,it llf \II) 1I),II(lII,IIIIIII~1 l)cu.'IllI'l'r ::"1111:,\II) III,III)II,III)II! h:I' :",'l'!1pl,il,',1 \'.II!', "lll' ,'I 'i'",'("'llll'ill1:" h:III1..,'I",in aCl'llILi:lIlL'l'Ilith ,\nick I::" ,'I I ,\ I lc.lcral 1.111'-I' 110, ,.! =111"!,,"',I!,II'~,'1 -tabli-Juncnt (>!'th,' Insurance ,\lIlhurill :111,1()IS;ll1i;:lli"11"I' ih ()I'L'I:llllllb lhi- "'-'l""11 ;',1' hl',,'11I'k,ii.','d1(1 the bank .h 'l'lmit: ;1~.li:bt .1 t-'-lI:lI:llltcci,'lICd I,: th,' Hunk in 1.1\,'m Id Iii,' I!HII,llkl' \ .th.» :'\ :,'! ;i~,'s.unc amount. 1 hi, dep(hit c.umot hl' Ilitlldr;II\11 vvithout 1'11('1';ll'pnl\:tI (lillie' IIl'W:III,'" \ dli,,,:I'. ,I:'.! I'-'!I'an mtcrest l'alL',,j~",, per .11111II III 111l)l'l'l'llli'l'r =11I I ,1"" per ,111I11Illll,
S. Statuto,", deposit
Ikp",ih l"I11PII'l' lllli\l'd dl'I'''''lh \I ItII v.mou-. ";IIl'" hl'dlillt-'-;lIll1l1:illllkll,,1 1.lt," 1.111'-'111'-'In'lll I ~II" t",l::"~"" 1~1December ::"111111,1111I :::11""t" -; =:''',,),
7 Financial investments (Clll1lil1l1l'd)
:\otcs to the condensed financial statementsfor the period ended -'1 Murch 20IS (confinucd)
,\LLL\:\CF I:\Sl 'R\:\CE P.S.c.
111:ll'l',lI'lblll',' w ith till' ("111]\1111" ,\nil'k, "I \'\('ll,ltl'\IL ,I! k.l,t ]11', "I III,' ( "1'1]\111\" ,I'IIlIU' 11.'t
illl'i\ll1l' III 1I'0\ hI' Ililll,Il'ITl'd \<\ .i rcuular 1'"",'11,' SII,II tl,llblc-I' ,II,' r,'qllill'ci um il till' "II,llk,' ,,' :hl,I\',,'I\_'
"'.JlI.II, jllll"" ,'Illil' ( '>111]\1111"]',lld'II]' ,I',lil' l.I[·ILti. "! '111111Ill,' IUIl'\l': :' ,11,,,'11111'1,1',1;"', I:""j :'1"11 ,'1
!lll' '[:,P,'lh,I,I,'I'
IJ. Rcuul.u: J'l"l'n l'
-u,h '1,11I'Ic"" ,I:: Il\JlIII,'"I 1:1111,111,' 1'.1"11',.,' ,'II 111-.·,11:,,:,'11 i,''',':I,' ,'.:1,,1 '"" ,(
-h.u,. l'TIU~
\ r1 ",-'" I .: \"" -, 11
\ I I, '!I1i'L'll ',Ii
I ~. Sta tilt on IT"lT\ l'
100.(100.( 1110
I"IX,I .m,! lu.l. ]\11,1
1;1111.111111":.1'1111',,iI,I"",,1 \11)' Illl\l.h
\ I I)
, ,..: I
,\I \larch201:'
(1IIlalldltl'(l),\ II)
II. "han'rapilal
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.1,11 ,':1 Il.Illi
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\ I I). "
~: I) ,'c .'!]1 t·,_.,:1)' I
,q Yl.urh~Ol:,
(1Il1alltiltrd IHI)
10. Cash and l'ash equivalents
\Oll· ...10 the l'Ondl'nsl'd financial stutcment ..for the Ill'riod l'lIdl'llJI Vla rch ~Ol:" (cuntinucd )
\ 1.1.1Y\('F 1'\SI I{ \ '\CF P.S.c.
Ir;lIllilL'li('lh with IL'l.llL'd Il;1I1il"; arc 1)1)1'1t:llilic';1Il1h dit'krc'llt irl'ill lliChC th.it l"'!l!d I','c:n "hLlillL'·J 11,,[1'third I';}rlil'''<
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2.S.t U5312.tA21
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r )ill'l'\llr'" and ~,'\ mauaucmcnt pcr,'lI;I)L'1 rcmuncranon11ll'llldllli'- bl'lll'lih
\ I r)(u nauditcd )
vr n
Three months period ended J I 'Iarl'h2015 >:1
Transactions:
Rl:Like! part il''. 11l( ludc the (.irl'ul'" m.uor Slur,'Il< lldcr"<, I)1I'ce'11'I', ~1I1dhl"i Ill"'I" II 'Ill I"(,jk,1 h tIL'i11 ,lIi,1their l.nnilic-, i\\L'!' IIhich thl'\ L'.\I'Il'I'C ,i~'llIliL;lJlt Illdll:li'-I'llll'llt 11111 I.Il'lll I' I" l\l'll ,I' h.c'\ 111.lIlcll'c'll1l':lt
I'L'I'o(1IlIll'1
I(). ndatl'd party transactions
13,90Basil' earnings per share (in ,\1-:1»
I,I'IIII,IIIII[I.ooo,noo
13.S()').533
(unaudited)
Th rce months pl'riod ended.'1 vl arch2015 ":1': !
15. Basil' l'arnin~s per shan'
I hl' Il"LT\l' l';tll hL' tllili'l'd 1<'1,11'\I'lll'l"hl' :1j11'II'\L'dhI IhL' ,h,II",'h"Ie!CI' :1' l'l'l Iill' \!lle'k, ,,: \"",IJ'I,'!I('I IIll' (."'I1lI'am .
AI the :1111)11:11!.'l'lll'LllllIl'Ctlll)', held 1111:', \1:11"(h:'1111. the Sh,lil'lhlldL'I"' ,Ij'I'I""\L\i the' 11.111,1,'1lif .\1 I) -;million til l'l'Ill'I",1i IL"l'I\l' 1111":'111'
.\t the annual L~l'lll'l,lll11l','tln!.'. hcld Il11~ '\1'111~III~, the Sh,ll"l'lh.llkl"' ,Ij'I'II'lcd h. 11,I'l'kl" ,>I \11) I,
million It. ~:l'lll'l"dl 1"'l'II,' Ior :'1)11 I hi, tl"dlbkl i- IIl.t Il'lkcll'd ill :hl",' «\llliL'lbl'd 1!1l,1il(1,11-i.ucmcut- ,I'
thc-«: wrrc dl1l'l'<l\l',1h\ till' "h;llclh>i,iL'I""<;111-'1"the I'elillei L'lllkd:; 1 \bl"l'h :'III~.
l.t. (;enera I reserve
""otl'S to till' condensed financial stntemcntsfor the period ended 31 March 2015 (continued)
ALLlA:\CE I~Sl RA~CE P.S.c.
I,ll 1ll.lllcilCCIlI,'lltI'IIII")"". Iii,' C'lllll'.!i1: I' 'll,'.l:li,,'d 1111,'1\\,ll'll,ill,'" "':11:,'111,,.'," ','1,11III,II! !:,e,' :11,1:,1,',\",,!!r,ll1l'\..' -1 Ill' ~',..'11~'1.11 .n-ur.m,c "l'~!ll'...'ll· ,-')ln~'rl',-'" :11\1'111, 1l1.t!111l'.·ir;.:.....'I~C.· \..'...'11" __ 1 \,_',::1... I. ~'.'I,!i'
,JThl :"::II..'r-,I' '\l·\.'·\~;·~i' l li.: i'l..' ,1"'U!.I!)I,.-l' " ..':::1':,.'11: 11h.ltJ,!",·, (1)1) ... :'!]L.:. L.'rilil ! ...' I! __', __' '-_ 1..'1\', II" , ',',
17. Sq.!l11t'ntinfurruutiou
'\otl" 10 the l'Olldl'lIwd lillalll'ial ...tall'lIIl'lI"fur the period l'Jllkd JI .'Jarl'h :!Ol~ (continued!
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: I q ~ ~ 1r 1 1 ( \ _ I \ (\ I ) ~:--
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, I() ." liS,'~ 1.1111:-- ......I.}-. ',1)·1 ;,:'S2,11(:.~
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J I 'lardl 2111:' t unaudited I
'oil'" to the l'onticn"cd financial statcmcnt-,fllr Ihl' pcr irul eudcd 31 'larch 2015 (conrinucd t
\I.I.I\:\('!- I:\~l J{\:\CE P.S.c.
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11),2 Fair \ a It1(' of fin.nuiul inxttumcnts carrud al fair \ alue
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I (), I Fair \ alur of financinl in-trurncnt-, c.uru-d at alll(lrli'l'd cost
11,111',llI:,'11 h','I\I,','11 11)'II~l'l 1\lrtllq',lllh ,II tlu: 111''.I''llc'llll'l:l ,lolL', Ic''',II,II.-" ': I,,, "
,,111\'(11)."h'Cl'I,d,k ,'r ,',lllll.lll',ill,il1iC another \,lill,IIII'llll'IIIIIIII"lc' 111",11111.11'11'III,' III I"i"" '1.1: I"
(lr ,I h.rbilit«. I ill' ("1111'.111\ t.1~l" into :ll'"llll1l I Ill' lil,II,I,iL'rl'lll' ,11 Iii,' 1",'1 ,') il,II'IIII\ II 1'l,1:~"!
1',lllillJ':II1I' \\"111,1 I.lk,' lilt"" lli:II:I(iL'li,li,. 'Ill,. ,lll"'I1111 1IIIc'II 1'lil!,IC' 'II,' I· ,'I "I i'I,,'II'\ .Ii 'I,,'III l'.I'lII ..'IllCI1I .l.uc
I Ill' ((llllP:lJII 1111'(.111111''11111111III,' ,iiCllili,';lJillll,II(l1111 ,11 Ilhllr,'" I' ';1I111,',II,' 1111,',111"1.III n.u.u.rl ""il<
,lI n-, 1'1,,111,'" III,' (,1IIlJ',IIII, h,I'I',1 "l1llhiL'I"'lhklll k,-:,i1,hhkl', .1, ..." 11,'t ''\\'','It 1.1I,lttil.' '''I~, ',Le', : 11",'<
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I unaudited I
\ F I)
1S, Capital cunuuituu-nt- and I'Ontinl,!l'nt li ..hiliti«
'\Oll'S 10 the cundcnvcd linanrial statcmcntvfor the period l'IHkd JI vlarch 2UI:, (continucd l
\1.1.1 \,\CF I'\SI R \,\('1-: P.S.c.
22, Apprll\ al (If the l'ondl'llSt'd financial ,Iall'nll'nls
\1 11~1.: \1l:',11.1. (1;..':1:..'1 I; \L',~,!\".~,_lL'l,j \i~~ ~~ \1.:1'\ )', .~IL': ~!L..' '~:.i:--..i-;(\:\L'l' l',\'"
'," which i, \1 J) ," l'l'l ':I,llc' .nn.'I ITlIi11:'I,' \1 I) ." ll1i:II,'11 1"1 :,,,';
> 1"'1 ,!LII'" :Ul1"II:lI111:' 11' \I I) :'.' million 1,'1 =1 j I \' IlL"" ',\,'1,' ::-1""'\',',: ",
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21, Hi\ irlcnd
"II l1h.._'~'J)11' ()( ,,-';I,(I)I,I~ !Llll,lrl' \\;t" r',-'\..'L'l!"d',-'l! ill 1 ',l' <,ll~'11:l'!11\1: ':h_il:~i'2 1.,1' 'iL ,: ::_,_',-~'I\\'" ....;\~.' J'... :
; 1 \ l.u , 11:'1 II ; ,1110I 'I): I
: 1 L ~i "-: .1I ,I
l lut ,' \\\.'I"\.' )1\\ 1r:II1"II.'I" \'l'!\\\..'l'11 \.'~llh \'1' L_,\· ...,l ,illr~!1~_' 11h.' i\.1 Il~~.'r·_'.r,' !\,\
,11>11:1.1 !',' 1:1,"I,,:ll'll ,II l.n: "tille' ,1::,1 ,1(.:.)1,1:11.'" 110' ,II', l.v-ur,: : :'I,LL' '" ,I,
j'lll.llkTI'
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.: .. , ....' ..... \..! 1 : :....'
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l I'll': 1':11,il",'I II.!' l ,II
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J I \LlIlh \I D,','I'mhl'l hirra rrhv I ,'rh IIiq lit" alld hn 111101",'1 \ ;, III
WI" 201-' ill fl II" hi" m pu t III10h'l'n .rlrh-Iun.uuliu-d} rnuditcd ) ill I'll " III LII'\ I n \ I, f) \ .. IrH'
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I iu.uui.r!
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';, ,Ii: ,1',',;':'\11,1," Ii' « : i: ,• :'i,:,",i
II), Fair \ aIIll' 1Il1'a'lIn'1Il1'nh Il('lllilllll'd I
:\otl'''' to the l'Ondt.'lI\l'd financial statcmcutxfor the pe riud l'llIkd.\1 'lardl 201~ (continucd l
,\1.1.1.\:\('1-: I:\SIR\ '\('1-: I',S,c.
