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.Balance Sheet 

.Profit & Loss & Appropriation Account 

 
Ethiopian Insurance Corporation Profit & Loss Apropriation Account

 

2007

2006

 

BIRR
BIRR
BIRR

 

NET PROFIT FOR THE YEAR
Non-Life

 

 

68,723,201

 

55,557,342


PROFIT FROM LIFE BUSINESS

 

-

9,484,573

PROFIT BEFORE TAXATION
TAX EXPENSE
PROFIT AFTER TAXATION

 

68,723,201
(15,182,296)
53,540,905

65,041,915
(17,571,104)
47,470,811

 

APPROPRIATIONS

 

 

 

Legal Reserve

 

(5,354,091)

(4,747,081)

 

 

48,186,814

42,723,730

 

BALANCE BROUGHT FORWARD

Payment of State dividend of prior years

 

BALANCE CARRIED FORWARD

 

148,418,572

(69,724,020)

 

 

 

 

 

78,694,552

126,881,366
 

 

 


105,694,842

-

 

105,694,842

148,418,572

   

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