FINANCIAL STATEMENTS

Bupa Arabia is an insurance business operating in the Kingdom of Saudi Arabia and the consolidated financial statements have been presented in accordance with International Financial Reporting Standards that are endorsed in the Kingdom.

Consolidated Statement of Comprehensive Income

For the year ended 31 December 2022 > Bupa Arabia for Cooperative Insurance Company (A Saudi Joint Stock Company)

Notes 2022
SR ’000
2021
SR ’000
NET INCOME ATTRIBUTED TO THE SHAREHOLDERS AFTER ZAKAT AND INCOME TAX 862,569 625,570
Other comprehensive income
Items that will not be reclassified to consolidated statement of income in subsequent years
Actuarial gains on end-of-service benefits 21 16,595 7,535
Items that are or may be reclassified to consolidated statement of income in subsequent years
Net changes in fair value of available-for-sale investments: (261,687) 61,785
– related to shareholders (32,942) (15,083)
– related to policyholders (294,629) 46,702
Total other comprehensive (loss)/income (278,034) 54,237
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 584,535 679,807

 

Chairman
Loay Hisham Nazer

Director and Chief Executive Officer
Tal Hisham Nazer

Director, Deputy CEO and CFO
Nader Mohammed Saleeh Ashoor

The accompanying Notes 1 to 38 form an integral part of these Consolidated Financial Statements.