Ceylinco Life Insurance Limited
INTEGRATED ANNUAL REPORT 2016

FINANCIAL REPORTS

statement of comprehensive income
Group Company
For the year ended 31 December Note 2016
Rs. ’000
2015
Rs. ’000
2016
Rs. ’000
2015
Rs. ’000
Net Income 23,604,912 12,432,581 23,434,460 12,129,063
Gross Written Premiums 25. (a) 15,027,469 8,291,271 15,027,600 8,291,277
Premiums Ceded to Reinsurers 25. (b) (373,829) (183,464) (373,829) (183,464)
Net Written Premiums 14,653,640 8,107,808 14,653,771 8,107,814
Revenue from Subsidiaries 332,235 306,303
14,985,875 8,414,111 14,653,771 8,107,814
Fees and Commission Income 26 120,399 50,662 120,399 50,662
Investment Income 27 8,195,999 3,893,292 8,180,787 3,896,071
Realised Gains and Losses 28 (829) 4,369 (5,283) 4,369
Fair Value Gains and Losses 29 287,643 65,389 470,023 65,389
Other Operating Revenue 15,825 4,758 14,763 4,758
Other Revenue 8,619,037 4,018,470 8,780,689 4,021,249
Gross Benefits and Claims Paid 30. (a) (6,800,076) (3,805,625) (6,800,076) (3,805,625)
Claims Ceded to Reinsurers 30. (b) 148,394 115,746 148,394 115,746
Gross Change in Contract Liabilities 30. (c) (8,397,889) (3,675,855) (8,397,889) (3,675,856)
Net Benefits and Claims (15,049,571) (7,365,736) (15,049,571) (7,365,736)
Direct Costs of Subsidiaries (142,333) (127,727)
Acquisition Cost 31 (1,686,858) (966,369) (1,693,985) (977,782)
Other Operating and Administrative Expenses 32 (3,063,490) (1,889,716) (2,937,262) (1,761,496)
Finance Cost 33 (9,934) (9,815) (9,915) (6,001)
Total Benefits, Claims and Other Expenses (19,952,186) (10,359,363) (19,690,733) (10,111,015)
Profit Before Share of Profit of Associates 3,652,726 2,073,218 3,743,727 2,018,048
Share of Profit of Associates 11 319,658 200,666
Profit Before Tax 3,972,384 2,273,884 3,743,727 2,018,048
Income Tax Expense 34 (680,635) (141,620) (664,686) (116,762)
Profit for the Year 3,291,749 2,132,264 3,079,041 1,901,286
Profit Attributable to:
Equity Holders of the Parent 3,291,611 2,132,214 3,079,041 1,901,286
Non-Controlling Interests 35 138 50
3,291,749 2,132,264 3,079,041 1,901,286
Basic Earnings per Share 36 65.83 42.64 61.58 38.03
Dividend per Share 37 7.50 6.25 7.50 6.25

The above Statement of Comprehensive Income is to be read in conjunction with the Notes to the Financial Statements on pages 195 to 276 which form an integral part of the Financial Statements.

Group Company
For the year ended 31 December Page No. Note 2016
Rs. ’000
2015
Rs. ’000
2016
Rs. ’000
2015
Rs. ’000
Profit for the Year 3,291,749 2,132,264 3,079,041 1,901,286
Other Comprehensive Income
Items that will not be Reclassified Subsequently to Income Statement
Revaluation Surplus/(Deficit) During the Year 257 38 1,887,085 1,704,705
Actuarial Gain on Defined Benefit Plans 257 38 (221,053) (160,867) (221,053) (160,867)
Share of Other Comprehensive Income of Equity Accounted Investees 13,608 (5,902)
Items that may be Reclassified Subsequently to Income Statement
Share of Other Comprehensive Income of Equity Accounted Investees 17,474 15,152
Net Gain/(Loss) on Available-for-Sale Assets 257 38 27,001 (98,565) 27,001 (98,564)
Income Tax relating to Components of Other Comprehensive Income 257 38 (24,919) (9,053) (24,919) (9,053)
Other Comprehensive Income for the Year, Net of Tax 1,699,196 (259,235) 1,485,734 (268,484)
Total Comprehensive Income for the Year, Net of Tax 4,990,945 1,873,029 2,950,556 1,632,801
Total Comprehensive Income Attributable to:
Equity Holders of the Parent 4,990,807 1,872,979 4,564,775 1,632,801
Non-Controlling Interests 256 35. (b) 138 50
4,990,945 1,873,029 4,564,775 1,632,801

The above Statement of Comprehensive Income is to be read in conjunction with the Notes to the Financial Statements on pages 195 to 276 which form an integral part of the Financial Statements.