$IGIC
International General Insurance Holdings Ltd.

2023 Q2 Form 20-F Financial Statement

#000121390023027735 Filed on April 06, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 2021 Q4
Revenue $128.7M $396.2M $88.04M
YoY Change 27.68% 10.01% 11.75%
Cost Of Revenue $70.20M
YoY Change 17.74%
Gross Profit $85.47M
YoY Change 95.59%
Gross Profit Margin 21.57%
Selling, General & Admin $18.80M $70.70M $19.03M
YoY Change 24.5% 14.43% 22.09%
% of Gross Profit 82.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.670M
YoY Change 3.0%
% of Gross Profit 4.29%
Operating Expenses $88.80M $298.6M $76.58M
YoY Change 25.78% -2.57% -0.08%
Operating Profit -$213.1M
YoY Change -18.9%
Interest Expense $3.000M -$9.300M -$3.766M
YoY Change -133.33% -7.22% -355.32%
% of Operating Profit
Other Income/Expense, Net -$500.0K $1.844M
YoY Change -127.11% -51.11%
Pretax Income $42.90M $87.70M $9.543M
YoY Change 102.36% 92.99% 26.8%
Income Tax $2.400M $2.200M $347.0K
% Of Pretax Income 5.59% 2.51% 3.64%
Net Earnings $37.90M $79.00M $9.196M
YoY Change 73.85% 80.79% 40.38%
Net Earnings / Revenue 29.45% 19.94% 10.44%
Basic Earnings Per Share $1.85
Diluted Earnings Per Share $0.88 $1.74 $202.6K
COMMON SHARES
Basic Shares Outstanding 48.99M shares 45.55M shares
Diluted Shares Outstanding 45.67M shares

Balance Sheet

Concept 2023 Q2 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $170.4M $138.0M $36.28M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $28.50M $31.17M
YoY Change -8.56% -6.12%
Goodwill $41.00K
YoY Change
Intangibles
YoY Change
Long-Term Investments $826.1M $540.7M $475.9M
YoY Change 58.53% 13.61% 5.83%
Other Assets $4.900M $5.700M $471.0K
YoY Change 6.52% 73.3%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.733B $1.561B $1.452B
YoY Change 18.62% 7.53% 13.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $50.60M $55.90M $55.70M
YoY Change 6.08% 109.65% 94.76%
Total Long-Term Liabilities $50.60M $55.90M $55.70M
YoY Change 6.08% 90.04% 76.27%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $50.60M $55.90M $55.70M
Total Liabilities $1.267B $1.131B $1.050B
YoY Change 18.66% 7.76% 18.68%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $466.8M $429.8M $401.9M
YoY Change
Total Liabilities & Shareholders Equity $1.733B $1.561B $1.452B
YoY Change 18.62% 7.53% 13.49%

Cashflow Statement

Concept 2023 Q2 2022 2021 Q4
OPERATING ACTIVITIES
Net Income $37.90M $79.00M $9.196M
YoY Change 73.85% 80.79% 40.38%
Depreciation, Depletion And Amortization $3.670M
YoY Change 3.0%
Cash From Operating Activities -$85.35M
YoY Change -165.76%
INVESTING ACTIVITIES
Capital Expenditures $1.266M
YoY Change -153.99%
Acquisitions
YoY Change
Other Investing Activities $26.00K
YoY Change -117.81%
Cash From Investing Activities -$1.240M
YoY Change -50.22%
FINANCING ACTIVITIES
Cash Dividend Paid $10.15M
YoY Change -32.89%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.25M
YoY Change -15.65%
NET CHANGE
Cash From Operating Activities -85.35M
Cash From Investing Activities -1.240M
Cash From Financing Activities -14.25M
Net Change In Cash -100.8M
YoY Change -191.33%
FREE CASH FLOW
Cash From Operating Activities -$85.35M
Capital Expenditures $1.266M
Free Cash Flow -$86.62M
YoY Change -165.55%

Facts In Submission

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CY2022 ifrs-full Gains Losses On Disposals Of Property Plant And Equipment
GainsLossesOnDisposalsOfPropertyPlantAndEquipment
26000 usd
CY2021 ifrs-full Gains Losses On Disposals Of Property Plant And Equipment
GainsLossesOnDisposalsOfPropertyPlantAndEquipment
-60000 usd
CY2022 igic Realized Gain On Sale Of Equities And Mutual Funds At Fvtpl
RealizedGainOnSaleOfEquitiesAndMutualFundsAtFVTPL
-86000 usd
CY2021 igic Realized Gain On Sale Of Equities And Mutual Funds At Fvtpl
RealizedGainOnSaleOfEquitiesAndMutualFundsAtFVTPL
396000 usd
CY2020 igic Realized Gain On Sale Of Equities And Mutual Funds At Fvtpl
RealizedGainOnSaleOfEquitiesAndMutualFundsAtFVTPL
1599000 usd
CY2022 igic Unrealized Loss On Investment Properties
UnrealizedLossOnInvestmentProperties
574000 usd
CY2021 igic Unrealized Loss On Investment Properties
UnrealizedLossOnInvestmentProperties
1300000 usd
CY2020 igic Unrealized Loss On Investment Properties
UnrealizedLossOnInvestmentProperties
2007000 usd
CY2022 igic Realized Loss On Sale Of Investment Properties
RealizedLossOnSaleOfInvestmentProperties
107000 usd
CY2021 igic Realized Loss On Sale Of Investment Properties
RealizedLossOnSaleOfInvestmentProperties
8000 usd
CY2020 igic Realized Loss On Sale Of Investment Properties
RealizedLossOnSaleOfInvestmentProperties
213000 usd
CY2022 ifrs-full Adjustments For Fair Value Gains Losses
AdjustmentsForFairValueGainsLosses
2950000 usd
CY2021 ifrs-full Adjustments For Fair Value Gains Losses
AdjustmentsForFairValueGainsLosses
-3089000 usd
CY2020 ifrs-full Adjustments For Fair Value Gains Losses
AdjustmentsForFairValueGainsLosses
241000 usd
CY2022 igic Loss On Sale Of Bonds At Fair Value Through Oc
LossOnSaleOfBondsAtFairValueThroughOC
619000 usd
CY2021 igic Loss On Sale Of Bonds At Fair Value Through Oc
LossOnSaleOfBondsAtFairValueThroughOC
88000 usd
CY2020 igic Loss On Sale Of Bonds At Fair Value Through Oc
LossOnSaleOfBondsAtFairValueThroughOC
411000 usd
CY2022 igic Expected Credit Loss On Bonds At Fair Value Through Other Comprehensive Income
ExpectedCreditLossOnBondsAtFairValueThroughOtherComprehensiveIncome
28000 usd
CY2021 igic Expected Credit Loss On Bonds At Fair Value Through Other Comprehensive Income
ExpectedCreditLossOnBondsAtFairValueThroughOtherComprehensiveIncome
180000 usd
CY2020 igic Expected Credit Loss On Bonds At Fair Value Through Other Comprehensive Income
ExpectedCreditLossOnBondsAtFairValueThroughOtherComprehensiveIncome
264000 usd
CY2022 igic Net Share Of Loss Profit From Associates
NetShareOfLossProfitFromAssociates
-209000 usd
CY2021 igic Net Share Of Loss Profit From Associates
NetShareOfLossProfitFromAssociates
7248000 usd
CY2020 igic Net Share Of Loss Profit From Associates
NetShareOfLossProfitFromAssociates
1479000 usd
CY2022 igic Lease Interest Expense
LeaseInterestExpense
132000 usd
CY2021 igic Lease Interest Expense
LeaseInterestExpense
358000 usd
CY2020 igic Lease Interest Expense
LeaseInterestExpense
203000 usd
CY2022 ifrs-full Revenue From Interest
RevenueFromInterest
20381000 usd
CY2021 ifrs-full Revenue From Interest
RevenueFromInterest
14049000 usd
CY2020 ifrs-full Revenue From Interest
RevenueFromInterest
12169000 usd
CY2022 igic Sharebased Payment Expense Restricted Shares Swards
SharebasedPaymentExpenseRestrictedSharesSwards
2754000 usd
CY2021 igic Sharebased Payment Expense Restricted Shares Swards
SharebasedPaymentExpenseRestrictedSharesSwards
1871000 usd
CY2020 igic Sharebased Payment Expense Restricted Shares Swards
SharebasedPaymentExpenseRestrictedSharesSwards
450000 usd
CY2022 igic Change In Fair Value Of Derivative Financial Liability
ChangeInFairValueOfDerivativeFinancialLiability
-2933000 usd
CY2021 igic Change In Fair Value Of Derivative Financial Liability
ChangeInFairValueOfDerivativeFinancialLiability
-690000 usd
CY2020 igic Change In Fair Value Of Derivative Financial Liability
ChangeInFairValueOfDerivativeFinancialLiability
4418000 usd
CY2022 igic Loss On Foreign Exchange
LossOnForeignExchange
9138000 usd
CY2021 igic Loss On Foreign Exchange
LossOnForeignExchange
4897000 usd
CY2020 igic Loss On Foreign Exchange
LossOnForeignExchange
-2572000 usd
CY2022 ifrs-full Cash Flows From Used In Operations Before Changes In Working Capital
CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital
87390000 usd
CY2021 ifrs-full Cash Flows From Used In Operations Before Changes In Working Capital
CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital
52014000 usd
CY2020 ifrs-full Cash Flows From Used In Operations Before Changes In Working Capital
CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital
28145000 usd
CY2022 igic Proceeds From Term Deposits
ProceedsFromTermDeposits
-117060000 usd
CY2021 igic Proceeds From Term Deposits
ProceedsFromTermDeposits
-7754000 usd
CY2020 igic Proceeds From Term Deposits
ProceedsFromTermDeposits
-52459000 usd
CY2022 igic Insurance Receivables1
InsuranceReceivables1
-8698000 usd
CY2021 igic Insurance Receivables1
InsuranceReceivables1
-20005000 usd
CY2020 igic Insurance Receivables1
InsuranceReceivables1
-55870000 usd
CY2022 ifrs-full Purchase Of Other Longterm Assets Classified As Investing Activities
PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities
1607000 usd
CY2021 ifrs-full Purchase Of Other Longterm Assets Classified As Investing Activities
PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities
6470000 usd
CY2020 ifrs-full Purchase Of Other Longterm Assets Classified As Investing Activities
PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities
9400000 usd
CY2022 igic Adjustments For Purchase Of Bonds Through Other Comprehensive Income
AdjustmentsForPurchaseOfBondsThroughOtherComprehensiveIncome
189256000 usd
CY2021 igic Adjustments For Purchase Of Bonds Through Other Comprehensive Income
AdjustmentsForPurchaseOfBondsThroughOtherComprehensiveIncome
159041000 usd
CY2020 igic Adjustments For Purchase Of Bonds Through Other Comprehensive Income
AdjustmentsForPurchaseOfBondsThroughOtherComprehensiveIncome
237528000 usd
CY2022 ifrs-full Proceeds From Disposal Or Maturity Of Availableforsale Financial Assets
ProceedsFromDisposalOrMaturityOfAvailableforsaleFinancialAssets
312000 usd
CY2021 ifrs-full Proceeds From Disposal Or Maturity Of Availableforsale Financial Assets
ProceedsFromDisposalOrMaturityOfAvailableforsaleFinancialAssets
169000 usd
CY2020 ifrs-full Proceeds From Disposal Or Maturity Of Availableforsale Financial Assets
ProceedsFromDisposalOrMaturityOfAvailableforsaleFinancialAssets
133000 usd
CY2022 ifrs-full Proceeds From Issue Of Bonds Notes And Debentures
ProceedsFromIssueOfBondsNotesAndDebentures
61521000 usd
CY2021 ifrs-full Proceeds From Issue Of Bonds Notes And Debentures
ProceedsFromIssueOfBondsNotesAndDebentures
116963000 usd
CY2020 ifrs-full Proceeds From Issue Of Bonds Notes And Debentures
ProceedsFromIssueOfBondsNotesAndDebentures
71050000 usd
CY2022 igic Proceeds From Sale Of Financial Assets At Fvtpl
ProceedsFromSaleOfFinancialAssetsAtFVTPL
833000 usd
CY2021 igic Proceeds From Sale Of Financial Assets At Fvtpl
ProceedsFromSaleOfFinancialAssetsAtFVTPL
5727000 usd
CY2020 igic Proceeds From Sale Of Financial Assets At Fvtpl
ProceedsFromSaleOfFinancialAssetsAtFVTPL
10073000 usd
CY2022 igic Reinsurance Share Of Outstanding Claim
ReinsuranceShareOfOutstandingClaim
-6575000 usd
CY2021 igic Reinsurance Share Of Outstanding Claim
ReinsuranceShareOfOutstandingClaim
5237000 usd
CY2020 igic Reinsurance Share Of Outstanding Claim
ReinsuranceShareOfOutstandingClaim
-11273000 usd
CY2022 igic Reinsurance Share Of Unearned Premium
ReinsuranceShareOfUnearnedPremium
-6395000 usd
CY2021 igic Reinsurance Share Of Unearned Premium
ReinsuranceShareOfUnearnedPremium
-14047000 usd
CY2020 igic Reinsurance Share Of Unearned Premium
ReinsuranceShareOfUnearnedPremium
-16160000 usd
CY2022 igic Adjustments For Increase Decrease In Deferred Income
AdjustmentsForIncreaseDecreaseInDeferredIncome
-2433000 usd
CY2021 igic Adjustments For Increase Decrease In Deferred Income
AdjustmentsForIncreaseDecreaseInDeferredIncome
-143000 usd
CY2020 igic Adjustments For Increase Decrease In Deferred Income
AdjustmentsForIncreaseDecreaseInDeferredIncome
-1922000 usd
CY2022 ifrs-full Amortisation Deferred Acquisition Costs Arising From Insurance Contracts
AmortisationDeferredAcquisitionCostsArisingFromInsuranceContracts
4550000 usd
CY2021 ifrs-full Amortisation Deferred Acquisition Costs Arising From Insurance Contracts
AmortisationDeferredAcquisitionCostsArisingFromInsuranceContracts
9670000 usd
CY2020 ifrs-full Amortisation Deferred Acquisition Costs Arising From Insurance Contracts
AmortisationDeferredAcquisitionCostsArisingFromInsuranceContracts
13459000 usd
CY2022 igic Adjustments For Other Assets
AdjustmentsForOtherAssets
-3004000 usd
CY2021 igic Adjustments For Other Assets
AdjustmentsForOtherAssets
1150000 usd
CY2020 igic Adjustments For Other Assets
AdjustmentsForOtherAssets
-175000 usd
CY2022 ifrs-full Interest Received Classified As Operating Activities
InterestReceivedClassifiedAsOperatingActivities
21195000 usd
CY2021 ifrs-full Interest Received Classified As Operating Activities
InterestReceivedClassifiedAsOperatingActivities
15043000 usd
CY2020 ifrs-full Interest Received Classified As Operating Activities
InterestReceivedClassifiedAsOperatingActivities
10536000 usd
CY2022 igic Additions To Investment Property
AdditionsToInvestmentProperty
10000 usd
CY2021 igic Additions To Investment Property
AdditionsToInvestmentProperty
36000 usd
CY2020 igic Additions To Investment Property
AdditionsToInvestmentProperty
74000 usd
CY2022 igic Proceeds From Sale Of Investment Property
ProceedsFromSaleOfInvestmentProperty
518000 usd
CY2021 igic Proceeds From Sale Of Investment Property
ProceedsFromSaleOfInvestmentProperty
1120000 usd
CY2020 igic Proceeds From Sale Of Investment Property
ProceedsFromSaleOfInvestmentProperty
3526000 usd
CY2022 igic Gross Outstanding Of Claims
GrossOutstandingOfClaims
58671000 usd
CY2021 igic Gross Outstanding Of Claims
GrossOutstandingOfClaims
83644000 usd
CY2020 igic Gross Outstanding Of Claims
GrossOutstandingOfClaims
79202000 usd
CY2022 igic Gross Unearned Premium
GrossUnearnedPremium
25306000 usd
CY2021 igic Gross Unearned Premium
GrossUnearnedPremium
51458000 usd
CY2020 igic Gross Unearned Premium
GrossUnearnedPremium
71054000 usd
CY2022 igic Insurance Payable
InsurancePayable
-2707000 usd
CY2021 igic Insurance Payable
InsurancePayable
6058000 usd
CY2020 igic Insurance Payable
InsurancePayable
29917000 usd
CY2022 ifrs-full Adjustments For Increase Decrease In Other Current Liabilities
AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities
876000 usd
CY2021 ifrs-full Adjustments For Increase Decrease In Other Current Liabilities
AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities
8013000 usd
CY2020 ifrs-full Adjustments For Increase Decrease In Other Current Liabilities
AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities
3447000 usd
CY2022 igic Unearned Commission
UnearnedCommission
3083000 usd
CY2021 igic Unearned Commission
UnearnedCommission
2687000 usd
CY2020 igic Unearned Commission
UnearnedCommission
2128000 usd
CY2022 ifrs-full Cash Flows From Used In Operations
CashFlowsFromUsedInOperations
-82590000 usd
CY2021 ifrs-full Cash Flows From Used In Operations
CashFlowsFromUsedInOperations
132117000 usd
CY2020 ifrs-full Cash Flows From Used In Operations
CashFlowsFromUsedInOperations
-89109000 usd
CY2022 ifrs-full Income Taxes Paid Refund Classified As Operating Activities
IncomeTaxesPaidRefundClassifiedAsOperatingActivities
2760000 usd
CY2021 ifrs-full Income Taxes Paid Refund Classified As Operating Activities
IncomeTaxesPaidRefundClassifiedAsOperatingActivities
2328000 usd
CY2020 ifrs-full Income Taxes Paid Refund Classified As Operating Activities
IncomeTaxesPaidRefundClassifiedAsOperatingActivities
1465000 usd
CY2022 ifrs-full Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
-85350000 usd
CY2021 ifrs-full Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
129789000 usd
CY2020 ifrs-full Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
-90574000 usd
CY2022 igic Purchase Of Premises And Equipment
PurchaseOfPremisesAndEquipment
749000 usd
CY2021 igic Purchase Of Premises And Equipment
PurchaseOfPremisesAndEquipment
1486000 usd
CY2020 igic Purchase Of Premises And Equipment
PurchaseOfPremisesAndEquipment
344000 usd
CY2022 ifrs-full Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities
ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities
26000 usd
CY2021 igic Acquisition Of A Subsidiary Net Of Cash Acquired
AcquisitionOfASubsidiaryNetOfCashAcquired
-146000 usd
CY2022 ifrs-full Purchase Of Intangible Assets Classified As Investing Activities
PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities
517000 usd
CY2021 ifrs-full Purchase Of Intangible Assets Classified As Investing Activities
PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities
859000 usd
CY2020 ifrs-full Purchase Of Intangible Assets Classified As Investing Activities
PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities
1561000 usd
CY2022 ifrs-full Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
-1240000 usd
CY2021 ifrs-full Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
-2491000 usd
CY2020 ifrs-full Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
-1905000 usd
CY2020 igic Cash Injection In Connection With Business Combination
CashInjectionInConnectionWithBusinessCombination
120821000 usd
CY2020 igic Consideration Paid To Shareholders As Deemed Settlement For Shares
ConsiderationPaidToShareholdersAsDeemedSettlementForShares
-80000000 usd
CY2022 ifrs-full Dividends Paid Classified As Financing Activities
DividendsPaidClassifiedAsFinancingActivities
10814000 usd
CY2021 ifrs-full Dividends Paid Classified As Financing Activities
DividendsPaidClassifiedAsFinancingActivities
16109000 usd
CY2020 ifrs-full Dividends Paid Classified As Financing Activities
DividendsPaidClassifiedAsFinancingActivities
4360000 usd
CY2022 igic Deemed Distribution To Shareholders
DeemedDistributionToShareholders
2394000 usd
CY2022 ifrs-full Payments Of Lease Liabilities Classified As Financing Activities
PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities
1041000 usd
CY2021 ifrs-full Payments Of Lease Liabilities Classified As Financing Activities
PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities
783000 usd
CY2020 ifrs-full Payments Of Lease Liabilities Classified As Financing Activities
PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities
796000 usd
CY2022 ifrs-full Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
-14249000 usd
CY2021 ifrs-full Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
-16892000 usd
CY2020 ifrs-full Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
35665000 usd
CY2022 ifrs-full Increase Decrease In Cash And Cash Equivalents Before Effect Of Exchange Rate Changes
IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges
-100839000 usd
CY2021 ifrs-full Increase Decrease In Cash And Cash Equivalents Before Effect Of Exchange Rate Changes
IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges
110406000 usd
CY2020 ifrs-full Increase Decrease In Cash And Cash Equivalents Before Effect Of Exchange Rate Changes
IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges
-56814000 usd
CY2022 ifrs-full Effect Of Exchange Rate Changes On Cash And Cash Equivalents
EffectOfExchangeRateChangesOnCashAndCashEquivalents
-3364000 usd
CY2021 ifrs-full Effect Of Exchange Rate Changes On Cash And Cash Equivalents
EffectOfExchangeRateChangesOnCashAndCashEquivalents
-1699000 usd
CY2020 ifrs-full Effect Of Exchange Rate Changes On Cash And Cash Equivalents
EffectOfExchangeRateChangesOnCashAndCashEquivalents
-2207000 usd
CY2021Q4 ifrs-full Cash And Cash Equivalents
CashAndCashEquivalents
242146000 usd
CY2020Q4 ifrs-full Cash And Cash Equivalents
CashAndCashEquivalents
133439000 usd
CY2019Q4 ifrs-full Cash And Cash Equivalents
CashAndCashEquivalents
192460000 usd
CY2022Q4 ifrs-full Cash And Cash Equivalents
CashAndCashEquivalents
137943000 usd
CY2021Q4 ifrs-full Cash And Cash Equivalents
CashAndCashEquivalents
242146000 usd
CY2020Q4 ifrs-full Cash And Cash Equivalents
CashAndCashEquivalents
133439000 usd
CY2019Q4 ifrs-full Equity
Equity
312143000 usd
CY2020 ifrs-full Profit Loss
ProfitLoss
27251000 usd
CY2020 ifrs-full Other Comprehensive Income
OtherComprehensiveIncome
13870000 usd
CY2020 igic Total Comprehensive Income
TotalComprehensiveIncome
41121000 usd
CY2020 igic Issuance Of Shares In Connection With Business Combination Note18 And Note9 At Par Value Of Usd0.01
IssuanceOfSharesInConnectionWithBusinessCombinationNote18AndNote9AtParValueOfUsd0.01
485000 usd
CY2020 igic Deemed Distribution To Shareholders In Connection With Business Combinationsee
DeemedDistributionToShareholdersInConnectionWithBusinessCombinationsee
-80000000 usd
CY2020 igic Business Combination Elimination Adjustmentssee
BusinessCombinationEliminationAdjustmentssee
111172000 usd
CY2020 igic Issuance Of Restricted Shares Awardssee
IssuanceOfRestrictedSharesAwardssee
450000 usd
CY2020 igic Cash Dividendsnote12
CashDividendsnote12
-4360000 usd
CY2020Q4 ifrs-full Equity
Equity
381011000 usd
CY2021 ifrs-full Profit Loss
ProfitLoss
43696000 usd
CY2021 ifrs-full Other Comprehensive Income
OtherComprehensiveIncome
-8604000 usd
CY2021 igic Total Comprehensive Income
TotalComprehensiveIncome
35092000 usd
CY2021 igic Issuance Of Restricted Shares Awardssee
IssuanceOfRestrictedSharesAwardssee
1871000 usd
CY2021 igic Cash Dividendsnote12
CashDividendsnote12
-16109000 usd
CY2021Q4 ifrs-full Equity
Equity
401865000 usd
CY2022 ifrs-full Profit Loss
ProfitLoss
85465000 usd
CY2022 ifrs-full Other Comprehensive Income
OtherComprehensiveIncome
-47103000 usd
CY2022 igic Total Comprehensive Income
TotalComprehensiveIncome
38362000 usd
CY2022 igic Issuance Of Restricted Shares Awardssee
IssuanceOfRestrictedSharesAwardssee
2754000 usd
CY2022 igic Purchase Of Treasury Share
PurchaseOfTreasuryShare
-2394000 usd
CY2022 igic Cash Dividendsnote12
CashDividendsnote12
-10814000 usd
CY2022Q4 ifrs-full Equity
Equity
429773000 usd
CY2022 ifrs-full Disclosure Of Basis Of Preparation Of Financial Statements Explanatory
DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">2.</td><td style="text-align: justify">BASIS OF PREPARATION</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The consolidated financial statements have been presented in United States Dollars “USD” which is also the Group’s functional currency. All values are rounded to the nearest thousand (USD ’000), except when otherwise indicated.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The consolidated financial statements are prepared on a going concern basis under the historical cost convention modified to include the measurement at fair value of financial assets and investment properties at fair value through profit or loss, financial assets at fair value through other comprehensive income and derivative financial liability. Financial assets measured at fair value through profit and loss include quoted funds, alternative investments and quoted equities. Financial assets at fair value through other comprehensive income include quoted and unquoted equities.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Basis of consolidation</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The financial statements of the subsidiaries are prepared for the same period and amended where required to be compliant with the Group’s accounting policies.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The consolidated financial statements comprise the financial statements of International General Insurance Holdings Ltd. and its subsidiaries as at 31 December 2022. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if the Group has:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Exposure, or rights, to variable returns from its involvement with the investee, and</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The ability to use its power over the investee to affect its returns</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">When the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including:</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The contractual arrangement with the other vote holders of the investee</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Rights arising from other contractual arrangements</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The Group’s voting rights and potential voting rights</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group’s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtains control, and continue to be consolidated until the date that such control ceases.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All intercompany transactions, balances and unrealized gains and losses on transactions between Group companies are eliminated in full.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has the following subsidiaries and branches:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Country of incorporation</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Activity</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Ownership</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="vertical-align: top; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left"> </td><td> </td> <td style="vertical-align: top; text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; width: 40%; text-align: left">International General Insurance Holdings Limited</td><td style="width: 1%"> </td> <td style="vertical-align: top; width: 13%; text-align: center; padding-left: 5.4pt">United Arab Emirates</td><td style="width: 1%"> </td> <td style="width: 13%; text-align: center; padding-left: 5.4pt">Reinsurance and insurance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 13%; font-weight: bold; text-align: right">100</td><td style="width: 1%; font-weight: bold; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">Tiberius Acquisition Corporation*</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">United States of America</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Special purpose acquisition company</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left"> </td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt"> </td><td> </td> <td style="text-align: center; padding-left: 5.4pt"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td colspan="12" style="vertical-align: top; font-style: italic; text-align: left">The following entities are wholly owned by the subsidiary International General Insurance Holdings Limited:</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; font-style: italic; text-align: left"> </td><td> </td> <td style="vertical-align: top; text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">I.G.I Underwriting /Jordan “Exempted”</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">Jordan</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Underwriting agency</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">North Star Underwriting Limited</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">United Kingdom</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Underwriting agency</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">International General Insurance Co. Ltd.</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">Bermuda</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left"> </td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt"> </td><td> </td> <td style="text-align: center; padding-left: 5.4pt"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td colspan="12" style="vertical-align: top; font-style: italic; text-align: left">The following entities are wholly owned subsidiaries and branches by International General Insurance Co. Ltd.:</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; font-style: italic; text-align: left"> </td><td> </td> <td style="vertical-align: top; text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; font-style: italic; text-align: left">Subsidiaries:</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt"> </td><td> </td> <td style="text-align: justify; padding-left: 5.4pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">International General Insurance Company (UK) Limited</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">United Kingdom</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">International General Insurance Company (Dubai) Ltd.</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">United Arab Emirates</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Insurance intermediation and insurance management</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">International General Insurance Company (Europe) SE</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">Malta</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">Specialty Malls Investment Company</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">Jordan</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Real estate properties development and lease</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">IGI Services Ltd</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">Cayman Islands</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Owning and chartering aircraft</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; font-style: italic; text-align: left">Branches:</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt"> </td><td> </td> <td style="text-align: center; padding-left: 5.4pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">International General Insurance Company Ltd. – Labuan Branch</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">Malaysia</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0%"/><td style="width: 0.25in">*</td><td style="text-align: justify">The dissolution of Tiberius Acquisition Corporation has been duly authorised by the board of directors and shareholder in accordance with the General Corporation Law of the State of Delaware on 28 December 2022. The dissolution became effective on 4 January 2023.</td></tr></table><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Changes in accounting policies</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accounting policies used in the preparation of the consolidated financial statements are consistent with those used in the preparation of the annual consolidated financial statements for the year ended 31 December 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">There are no new standards or amendments effective in 2022 that have a material impact on the Group’s consolidated financial statements.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Standards issued but not yet effective</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IFRS 17 Insurance Contracts</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IFRS 17 provides a comprehensive model for insurance contracts covering the recognition and measurement and presentation and disclosure of insurance contracts and replaces IFRS 4 – Insurance Contracts. The standard applies to all types of insurance contracts (i.e. life, non-life, direct insurance and re-insurance), regardless of the type of entities that issue them, as well as to certain guarantees and financial instruments with discretionary participation features. The standard general model is supplemented by the variable fee approach and the premium allocation approach.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The new standard will be effective for annual periods beginning on or after 1 January 2023 with comparative figures required. Early application is permitted provided that the entity also applies IFRS 9 on or before the date it first applies IFRS 17.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group will be voluntarily changing its basis of accounting from IFRS to the Generally Accepted Accounting Principles in the United States of America (“U.S. GAAP”) and will present its consolidated financial statements in U.S. GAAP effective January 1, 2023 (the “first reporting period”). Accordingly, the Group has evaluated the potential transitional impact of such change and its first application of U.S. GAAP. As a result, the Group has discontinued the process of implementing IFRS 17.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Summary of significant accounting policies</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cash and cash equivalents</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Cash and cash equivalents consist of cash on hand, bank balances, and short-term deposits with an original maturity of three months or less.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Term deposits</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The term deposits are interest bearing bank deposits with original maturity over 3 months.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Insurance receivables</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Insurance receivables are recognized when due and are measured on initial recognition at the fair value of the consideration to be received. The Group uses a provision matrix to calculate expected credit losses for insurance receivables. The provision rates are based on days past due and not based on groupings of various policy holder’s segments that have similar default loss-patterns.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial assets</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(a)</td><td style="text-align: justify">Initial recognition and measurement</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets are classified, at initial recognition, at cost and subsequently measured at amortized cost, fair value through other comprehensive income (OCI), and fair value through profit or loss (FVTPL).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial instruments are initially recognized on the trade date measured at their fair value. Except for financial assets recorded at FVTPL, transaction costs are added to this amount.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group classifies all of its financial assets based on the business model for managing the assets and the asset’s contractual terms. The categories include the following:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Amortized cost</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">FVOCI</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">FVTPL</td></tr></table><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(i)</td><td style="text-align: justify">Bonds and debt instruments measured at amortized cost</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Bonds and debt instruments are held at amortized cost if both of the following conditions are met:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The instruments are held within a business model with the objective of holding the instrument to collect the contractual cash flows.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The contractual terms of the debt instrument give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI) on the principal amount outstanding.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The details of these conditions are outlined below.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Business model assessment</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group determines its business model at the level that best reflects how it manages groups of financial assets to achieve its business objective.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group holds financial assets to generate returns and provide a capital base to provide for settlement of claims as they arise. The Group considers the timing, amount and volatility of cash flow requirements to support insurance liability portfolios in determining the business model for the assets as well as the potential to maximize return for shareholders and future business development.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group business model is not assessed on an instrument-by-instrument basis, but at a higher level of aggregated portfolios that is based on observable factors such as:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">How the performance of the business model and the financial assets held within that business model are evaluated and reported to the Group’s key management personnel.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The risks that affect the performance of the business model (and the financial assets held within that business model) and, in particular, the way those risks are managed.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">How managers of the business are compensated (for example, whether the compensation is based on the fair value of the assets managed or on the contractual cash flows collected).</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The expected frequency, value and timing of asset sales are also important aspects of the Group’s assessment.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The business model assessment is based on reasonably expected scenarios without taking ‘worst case’ or ’stress case’ scenarios into account. If cash flows after initial recognition are realized in a way that is different from the Group original expectations, the Group does not change the classification of the remaining financial assets held in that business model but incorporates such information when assessing newly originated or newly purchased financial assets going forward.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The SPPI test</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As a second step of its classification process the Group assesses the contractual terms to identify whether they meet the SPPI test.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">‘Principal’ for the purpose of this test is defined as the fair value of the financial asset at initial recognition and may change over the life of the financial asset (for example, if there are repayments of principal or amortization of the premium/discount).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The most significant elements of interest within a debt arrangement are typically the consideration for the time value of money and credit risk. To make the SPPI assessment, the Group applies judgement and considers relevant factors such as the currency in which the financial asset is denominated, and the period for which the interest rate is set.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Bonds and debt instruments measured at fair value through other comprehensive income</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group applies this category under IFRS 9 for debt instruments measured at FVOCI when both of the following conditions are met:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The instrument is held within a business model, the objective of which is both collecting contractual cash flows and selling financial assets.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The contractual terms of the financial asset meet the SPPI test.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Bonds and debt instruments in this category are those that are intended to be held to collect contractual cash flows and which may be sold in response to needs for liquidity or in response to changes in market conditions.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(ii)</td><td style="text-align: justify">Financial assets measured at fair value through profit or loss (Quoted funds, alternative investments and quoted equities)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets in this category are those assets which have been either designated by management upon initial recognition or are mandatorily required to be measured at fair value under IFRS 9. Management designates an instrument as FVTPL that otherwise meet the requirements to be measured at amortized cost or at FVOCI only if it eliminates, or significantly reduces, an accounting mismatch that would otherwise arise. Financial assets with contractual cash flows not representing solely payment of principal and interest are mandatorily required to be measured at FVTPL.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets at FVTPL are subsequently measured at fair value. Changes in fair value are recognized in the consolidated statement of income. Interest income is recognized using the effective interest method.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Dividend income from equity investments measured at FVTPL is recognized in the consolidated statement of income when the right to the payment has been established.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(iii)</td><td style="text-align: justify">Financial assets measured at fair value through other comprehensive income (Quoted and unquoted equities)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon initial recognition, the Group can elect to classify irrevocably its equity investments as equity instruments designated at fair value through OCI when they meet the definition of equity under IAS 32 “<i>Financial Instruments: Presentation</i>”, and are not held for trading. The classification is determined on an instrument-by-instrument basis.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Equity investments classified as financial assets measured at fair value through other comprehensive income are those, which are not classified as financial assets measured at fair value through profit or loss.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(iv)</td><td style="text-align: justify">Reclassification of financial assets and liabilities</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group does not reclassify its financial assets subsequent to their initial recognition, apart from the exceptional circumstances in which the Group terminates a business line or changes its business model for managing financial assets. A change in Group business model will occur only when Group management determines change as a result of external or internal changes which are significant to the Group operations. Reclassifications shall all be recorded prospectively from the reclassification date.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(b)</td><td style="text-align: justify">Subsequent measurement</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For purposes of subsequent measurement, financial assets in the scope of IFRS 9 are classified in four categories:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Financial assets at amortized cost (bonds, debt instruments)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Financial assets at fair value through OCI with recycling of cumulative gains and losses (bonds and debt instruments)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Financial assets designated at fair value through OCI with no recycling of cumulative gains and losses upon derecognition (equity instruments)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Financial assets at fair value through profit or loss</td></tr></table><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(i)</td><td style="text-align: justify">Financial assets at amortized cost (bonds, debt instruments)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognized in the consolidated statement of income when the asset is derecognized, modified, or impaired.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s debt instruments at amortized cost includes investments in unquoted debt instruments.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(ii)</td><td style="text-align: justify">Financial assets at fair value through OCI (debt instruments)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For debt instruments at fair value through OCI, interest income, foreign exchange revaluation and impairment losses or reversals are recognized in the consolidated statement of income and computed in the same manner as for financial assets measured at amortized cost. The remaining fair value changes are recognized in OCI. Upon derecognition, the cumulative fair value change recognized in OCI is recycled to the consolidated statement of income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s debt instruments at fair value through OCI includes investments in quoted debt instruments.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(iii)</td><td style="text-align: justify">Financial assets designated at fair value through OCI (equity instruments)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Gains and losses on these financial assets are never recycled to the consolidated statement of income. Dividends are recognized as investment income in the consolidated statement of income when the right of payment has been established, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at fair value through OCI are not subject to impairment assessment.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group elected to classify irrevocably its unquoted equity investments and some quoted equity investments under this category.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(iv)</td><td style="text-align: justify">Financial assets at fair value through profit or loss</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Notwithstanding the criteria for debt instruments to be classified at amortized cost or at fair value through OCI, as described above, debt instruments may be designated at fair value through profit or loss on initial recognition if doing so eliminates, or significantly reduces, an accounting mismatch.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets at fair value through profit or loss are carried in the consolidated statement of financial position at fair value with net changes in fair value recognized in the consolidated statement of income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This category includes quoted funds, alternative investments and quoted equity investments which the Group had not irrevocably elected to classify at fair value through OCI.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Dividends on quoted equity investments are also recognized as investment income in the consolidated statement of income when the right of payment has been established.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(c)</td><td style="text-align: justify">Derecognition</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Group’s consolidated statement of financial position) when:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The rights to receive cash flows from the asset have expired, or</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.</td></tr></table><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(d)</td><td style="text-align: justify">Impairment of financial assets in scope of IFRS 9</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group recognizes an allowance for expected credit losses (ECLs) for debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms, if any.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For debt instruments at fair value through OCI, the Group applies the low credit risk simplification. At every reporting date, the Group evaluates whether the debt instrument is considered to have low credit risk using all reasonable and supportable information that is available without undue cost or effort. In making that evaluation, the Group reassesses the credit rating of the debt instrument. In addition, the Group considers that there has been a significant increase in credit risk when contractual payments are more than 30 days past due.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s debt instruments at fair value through OCI comprise solely of quoted bonds that are graded in the top investment category by accredited rating agencies and, therefore, are considered to be low credit risk investments. It is the Group’s policy to measure ECLs on such instruments on a 12-month basis. However, when there has been a significant increase in credit risk since origination, the allowance will be based on the lifetime ECL. The Group uses the ratings from accredited rating agencies to monitor the changes in the credit ratings, determine whether the debt instrument has significantly increased in credit risk and to estimate ECLs.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The ECLs for debt instruments measured at FVOCI do not reduce the carrying amount of these financial assets in the statement of financial position, which remains at fair value. Instead, an amount equal to the allowance that would arise if the assets were measured at amortized cost is recognized in OCI with a corresponding charge to the consolidated statement of income. The accumulated gain recognized in OCI is recycled to the consolidated statement of income upon derecognition of the assets.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group considers a financial asset in default when contractual payments are 30 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets are written off either partially or in their entirety only when the Group has stopped pursuing the recovery. If the amount to be written off is greater than the accumulated loss allowance, the difference is first treated as an addition to the allowance that is then applied against the gross carrying amount. Any subsequent recoveries are credited to credit loss expense. There were no write-offs over the periods reported in these consolidated financial statements.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For cash flow purposes the Group classifies the cash flow for the acquisition and disposal of financial assets as operating cash flows, as the purchases of these investments is funded from the net cash flows associated with the origination of insurance and investment contracts and payment of benefits and claims incurred for such insurance contracts, which are respectively treated under operating activities.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Derivative financial instruments</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Warrants are accounted for as derivative financial instruments (a financial liability) as they give the holder the right to obtain a variable number of common (ordinary) shares, dependent on the characteristics of the Warrant holder and the occurrence of some uncertain future events that are not within the control of the Group.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Warrants shall lapse and expire after five years from the closing of the Business Combination transaction (see note 33).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any gains or losses arising from changes in the fair value of derivatives are taken directly to the consolidated statement of income (within profit and loss) as the Group has not designated derivative financial instruments under hedging arrangements.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in associates</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s investment in its associates is accounted for using the equity method of accounting. An associate is an entity in which the Group has significant influence, and which is neither a subsidiary nor a joint venture.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The considerations made in determining significant influence or joint control are similar to those necessary to determine control over subsidiaries.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under the equity method, the investment in the associate is carried in the consolidated statement of financial position at cost plus post-acquisition changes in the Group’s share of net assets of the associate.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Profits or losses resulting from transactions between the Group and the associate are eliminated to the extent of the interest in the associate.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The share of profit or loss of the associate is shown on the face of the consolidated statement of income. This is profit attributable to equity holders of the associate and, therefore, is profit after tax and non-controlling interests in the subsidiaries of the associates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The financial statements of the associate are prepared for the same reporting period as the Group. Where necessary, adjustments are made to bring its accounting policies in line with the Group’s.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">After application of the equity method, the Group determines whether it is necessary to recognize an additional impairment loss on the Group’s investments in associates. The Group determines at each reporting date, whether there is any objective evidence that the investment in the associate is impaired. If this is the case, the Group calculates the amount of impairment as the difference between the recoverable amount of the associate and its carrying value and recognizes the amount in the ’share of profit or loss of an associate’ in the consolidated statement of income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon loss of significant influence over the associate, the Group measures and recognizes any remaining investment at its fair value. Any difference between the carrying amount of the associate upon loss of significant influence and the fair value of the remaining investment and proceeds from disposal is recognized in consolidated statement of income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The associates’ functional currency is the currency of a hyperinflationary economy and is adjusted in terms of the measuring unit current at the end of the reporting period. As the presentation currency of the Group is that of a non-hyperinflationary economy, comparative amounts are not adjusted for changes in the price level in the current year. Differences between these comparative amounts and current year hyperinflation adjusted equity balances are recognized in other comprehensive income. The carrying amounts of non-monetary assets and liabilities are adjusted to reflect the change in the general price index from the date of acquisition to the end of the reporting period. An impairment loss is recognized in profit or loss if the restated amount of a non-monetary item exceeds its estimated recoverable amount.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All the amounts in the associates’ financial statements (assets, liabilities, equity items, income, and expenses) are translated at the closing rate as of 31 December 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Gains or losses on the net monetary position are recognized in profit or loss.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investment properties</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Investment properties are measured initially at cost, including transaction costs. The carrying amount includes the cost of replacing part of an existing investment property at the time that cost is incurred if the recognition criteria are met; and excludes the costs of day to day servicing of an investment property. Subsequent to initial recognition, investment properties are stated at fair value, which reflects market conditions at the reporting date. Gains or losses arising from changes in the fair values of investment properties are included in the consolidated statement of income in the period in which they arise.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The fair value of the investment properties is determined by management and in doing so management considers the valuation performed by third parties who are specialists in valuing these types of investment properties.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Investment properties are derecognized when either they have been disposed of or when the investment property is permanently withdrawn from use and no future economic benefit is expected from its disposal.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The difference between the net disposal proceeds and the carrying amount of the asset is recognized in the consolidated statement of income in the period of derecognition. The amount of consideration to be included in the gain or loss arising from the derecognition of investment property is determined in accordance with the requirements for determining the transaction price in IFRS 15.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Transfers are made to or from investment property only when there is a change in use. For a transfer from investment property to owner occupied property, the deemed cost for subsequent accounting is the fair value at the date of change in use. If owner occupied property becomes an investment property, the Group accounts for such property in accordance with the policy stated under property, plant and equipment up to the date of change in use.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Property, premises and equipment</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Property, premises and equipment are stated at cost less accumulated depreciation and any impairment in value. Depreciation is calculated on a straight-line basis over the estimated useful lives using the following estimated useful lives:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Years</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left">Office buildings</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: center"> </td><td style="width: 9%; text-align: center">50</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Aircraft</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">12.5</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Office furniture</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">5</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Computers</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">3</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Equipment</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">4</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Leasehold improvements</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">5</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vehicles</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">5</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Right-of-use assets</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span style="font-size: 10pt">2-7</span></td><td style="text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">An item of property, premises and equipment and any significant part initially recognized, is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statement of income when the asset is derecognized.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The assets’ residual values, useful lives and method of depreciation are reviewed and adjusted if appropriate at each financial year-end. Impairment reviews take place when events or changes in circumstances indicate that the carrying value may not be recoverable. Impairment losses are recognized in the consolidated statement of income as an expense.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Intangible assets</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is their fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The useful lives of intangible assets are assessed as either finite or indefinite.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Intangible assets with finite lives are amortized over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to modify the amortization period or method, as appropriate, and are treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized in the consolidated statement of income in the expense category that is consistent with the function of the intangible assets.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">An intangible asset is derecognized upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statement of income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Intangible assets include computer software and software licenses. These intangible assets are amortized on a straight-line basis over their estimated economic useful lives of 5 years.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Work in progress assets</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Work in progress assets are stated at cost and include other direct costs and it is not depreciated until it is available for intended use.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Provisions</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Provisions are recognized when the Group has an obligation (legal or constructive) as a result of a past event, and the costs to settle the obligation are both probable and able to be reliably measured.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Treasury shares</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Own equity instruments that are reacquired (treasury shares) are recognized at cost and deducted from equity. No gain or loss is recognized in the consolidated statement of income on the purchase, sale, issue or cancellation of the Group’s own equity instruments. Any difference between the carrying amount and the consideration, if reissued, is recognized in share premium.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gross written premiums</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Gross written premiums comprise the total premiums receivable for the whole period of cover provided by contracts entered into during the accounting period. They are recognized on the date on which the policy commences. Premiums include any adjustments arising in the accounting period for premiums receivable in respect of business written in prior accounting periods. Rebates that form part of the premium rate, such as no-claim rebates, are deducted from the gross premium; others are recognized as an expense. Premiums also include estimates for pipeline premiums, representing amounts due on business written but not yet notified. The Group generally estimates the pipeline premium based on management’s judgment and prior experience.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Unearned premiums are those proportions of premiums written in a year that relate to periods of risk after the reporting date. Unearned premiums are calculated on a pro rata basis. The proportion attributable to subsequent periods is deferred as a provision for unearned premiums.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Reinsurance premiums</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reinsurance premiums comprise the total premiums payable for the reinsurance cover provided by retrocession contracts entered into during the year and are recognized on the date on which the policy incepts.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Premiums include any adjustments arising in the accounting period in respect of reinsurance contracts incepting in prior accounting periods.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Unearned reinsurance premiums are those proportions of premiums written in a year that relate to periods of risk after the reporting date. Unearned reinsurance premiums are deferred over the term of the underlying direct insurance policies for risks-attaching contracts and over the term of the reinsurance contract for losses occurring contracts.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Claims</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Claims, comprising amounts payable to contract holders and third parties and related loss adjustment expenses, net of salvage and other recoveries, are charged to income as incurred. Claims comprise the estimated amounts payable, in respect of claims reported to the Group and those not reported at the consolidated statement of financial position date.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group generally estimates its claims based on appointed loss adjusters or leading underwriters’ recommendations. In addition, a provision based on management’s judgement and the Group’s prior experience is maintained for the cost of settling claims incurred but not reported at the consolidated statement of financial position date.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Policy acquisition costs and commissions earned</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Policy acquisition costs and commission earned represent commissions paid and received in relation to the acquisition and renewal of insurance and retrocession contracts which are deferred and expensed over the same period over which the corresponding premiums are recognised in accordance with the earning pattern of the underlying contract.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Liability adequacy test</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At each statement of financial position date, the Group assesses whether its recognized insurance liabilities are adequate using current estimates of future cash flows under its insurance contracts. If that assessment shows that the carrying amount of its unearned premiums (less related deferred policy acquisition costs) is inadequate in light of estimated future cash flows, the entire deficiency is immediately recognized in income and an unexpired risk provision is created. The results of the assessment are aggregated to the reporting segment level.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group does not discount its liability for unpaid claims as the Group measures its insurance contract liabilities on an undiscounted basis.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Reinsurance</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group cedes insurance risk in the normal course of business for all of its businesses. Reinsurance assets represent balances due from reinsurance companies. Amounts recoverable from reinsurers are estimated in a manner consistent with the outstanding claims provision or settled claims associated with the reinsurer’s policies and are in accordance with the related reinsurance contract.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reinsurance assets are reviewed for impairment at each reporting date, or more frequently, when an indication of impairment arises during the reporting year. Impairment occurs when there is objective evidence as a result of an event that occurred after initial recognition of the reinsurance asset that the Group may not receive all outstanding amounts due under the terms of the contract and the event has a reliably measurable impact on the amounts that the Group will receive from the reinsurer. The impairment loss is recorded in the consolidated statement of income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Gains or losses on buying reinsurance are recognized in the consolidated statement of income immediately at the date of purchase and are not amortized.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Ceded reinsurance arrangements do not relieve the Group from its obligations to policyholders.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group also assumes reinsurance risk in the normal course of business for non-life insurance contracts where applicable. Premiums and claims on assumed reinsurance are recognized as revenue or expenses in the same manner as they would be if the reinsurance were considered direct business, taking into account the product classification of the reinsured business. Reinsurance liabilities represent balances due to reinsurance companies. Amounts payable are estimated in a manner consistent with the related reinsurance contract.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Premiums and claims are presented on a gross basis for both ceded and assumed reinsurance.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reinsurance assets or liabilities are derecognized when the contractual rights are extinguished or expire or when the contract is transferred to another party.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reinsurance contracts that do not transfer significant insurance risk are accounted for directly through the statement of financial position. These are deposit assets or financial liabilities that are recognized based on the consideration paid or received less any explicit identified premiums or fees to be retained by the reinsured.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Excess of loss (XOL) reinsurance</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group purchases reinsurance as part of its risk mitigation programmer. The Group has a non–proportional excess–of–loss reinsurance contracts designed to mitigate the Group’s net exposure of losses that exceed a specified limit including catastrophe losses. These contracts often specify a limit in losses for which the reinsurer will be responsible. This limit is agreed to in the reinsurance contract and protects the Group from dealing with an unlimited liability. Retention limits for the excess–of–loss reinsurance vary by line of business.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The XOL costs are determined at the inception of the reinsurance contract and are payable upfront in the form of ‘Minimum and Deposit Premium’ (MDP) subject to premium adjustment at the end of the contract period. Deferred excess of loss premiums are those proportions of premiums paid during the year that relate to periods of risk after the reporting date. Deferred premiums are calculated on a pro rata basis.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Excess of loss reinsurance also includes reinstatement premium and related cash flows within the boundary of the initial reinsurance contract arising from usage of primary reinsurance coverage limit. Reinstatement occurs at predetermined rates without giving reinsurer any right to exit or reprice the contract. This implies expected cash flows related to the reinstatement premium shall be within the boundary of the initial reinsurance contract and are not related to future contracts.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Equity settled Share-based payment plan</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group operates an equity-settled share-based plan to its employees, under which the Group receives services from employees as consideration for equity instruments of the Group. The fair value of the employee services received in exchange for the grant of the equity instruments is recognized as an expense. The total amount to be expensed is determined by reference to the fair value of the equity instruments granted, at the grant date. The total expense is recognized during the vesting period, which is the period over which the specified vesting condition of the share-based payment are to be satisfied. At the end of each reporting period, the Group revises its estimates of the number of equity instruments that are expected to vest based on the vesting conditions and recognizes the impact of the revision of original estimates, if any, in the consolidated statement of income, with corresponding adjustment to equity.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Offsetting</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets and financial liabilities are offset, and the net amount reported in the consolidated statement of financial position only when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liability simultaneously. Income and expense are not offset in the consolidated statement of income unless required or permitted by any accounting standard or interpretation.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Foreign currencies</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s consolidated financial statements are presented in United States Dollars, which is also the functional currency of the Group. Each entity in the Group determines its own functional currency and items included in the financial statements of each entity are measured using that functional currency.</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Transactions and balances</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Transactions in foreign currencies are initially recorded by the Group entities at their respective functional currency rates prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the functional currency spot rate of exchange ruling at the reporting date. All differences are taken to the consolidated statement of income. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates as at the dates of the initial transactions. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined.</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Group companies</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The assets and liabilities of foreign operations are translated into United States Dollars at the rate of exchange prevailing at the reporting date and their statements of income are translated at exchange rates prevailing at the date of the transactions. The exchange differences arising on the translation are recognized in the consolidated statement of comprehensive income. On disposal of a foreign operation, the component of other comprehensive income relating to that particular foreign operation is recognized in the consolidated statement of income.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Taxation</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The charge or credit for taxation is based upon the profit or loss for the year and takes into account taxation deferred because of temporary differences between the treatment of certain items for taxation and accounting purposes.</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Current income tax</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date in the countries were the Group operates and generates taxable income.</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deferred tax</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred tax is provided using the liability method on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred tax liabilities are recognized for all taxable temporary differences.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred tax assets are recognized for all deductible temporary differences, carry forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credit and unused tax losses can be utilized.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest income</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Interest income included in investment income is recognized as the interest accrues using the effective interest method, under which the rate used exactly discounts estimated future cash receipts through the expected life of the financial asset to the net carrying amount of the financial asset.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dividend income</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Dividend revenue included in investment income is recognized when the right to receive the payment is established.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Other revenues and expenses</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other revenues consist of chartered flights revenues which are recognized when the transportation is provided. Related expenses are recognized in the same period as the revenues to which they relate.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Leasing</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Group as a lessee</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets.  </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Right-of-use assets</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and are adjusted for any remeasurement of lease liabilities.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has included the right-of-use assets arising from the lease contracts within property, plant and premises in the consolidated statement of financial position (see note 13).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Unless the Group is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the recognized right-of-use assets are depreciated on a straight-line basis over the shorter of its estimated useful life and the lease term. Right-of-use assets are subject to impairment.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Lease liabilities</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the commencement date of the lease, the Group recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating a lease, if the lease term reflects the Group exercising the option to terminate.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The variable lease payments that do not depend on an index or a rate are recognized as expense in the period on which the event or condition that triggers the payment occurs.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has included the lease obligations arising from the lease contracts within the other liabilities in the consolidated statement of financial position (see note 16).</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Short-term leases and leases of low-value assets</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group applies the short-term lease recognition exemption to some of its short-term leases (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition exemption to leases that are considered of low value (i.e., below USD 5 thousand). Lease payments on short-term leases and leases of low-value assets are recognized as an expense on a straight-line basis over the lease term.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fair values</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The principal or the most advantageous market must be accessible to the Group.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Level 1 – Quoted (unadjusted) market prices in active markets for identical assets or liabilities</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Level 2 – Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Level 3 – Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For assets and liabilities that are recognized in the financial statements on a recurring basis, the Group determines whether transfers have occurred between Levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s management determines the policies and procedures for both recurring fair value measurement, such as unquoted financial assets measured at fair value through other comprehensive income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At each reporting date, the management analyses the movements in the values of assets and liabilities which are required to be re-measured or re-assessed as per the Group’s accounting policies. For this analysis, the management verifies the major inputs applied in the latest valuation by agreeing the information in the valuation computation to contracts and other relevant documents.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the purpose of fair value disclosures, the Group has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Segment reporting</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reporting segments and segment measures are explained and disclosed in note 31 Segment information.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Listing related Expenses</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Listing transaction related costs are charged to the consolidated statement of income as incurred.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Business combinations and goodwill</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Group elects whether to measure the non-controlling interests in the acquiree at fair value or at the proportionate share of the acquiree’s identifiable net assets. Acquisition-related costs are expensed as incurred and included in administrative expenses.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group determines that it has acquired a business when the acquired set of activities and assets include an input and a substantive process that together significantly contribute to the ability to create outputs. The acquired process is considered substantive if it is critical to the ability to continue producing outputs, and the inputs acquired include an organized workforce with the necessary skills, knowledge, or experience to perform that process or it significantly contributes to the ability to continue producing outputs and is considered unique or scarce or cannot be replaced without significant cost, effort, or delay in the ability to continue producing outputs.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">When the Group acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as at the acquisition date. This includes the separation of embedded derivatives in host contracts by the acquiree.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any contingent consideration to be transferred by the acquirer will be recognized at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument and within the scope of IFRS 9 Financial Instruments, is measured at fair value with the changes in fair value recognized in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognized in profit or loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all of the assets acquired and all of the liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group’s cash-generating units that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Where goodwill has been allocated to a cash-generating unit (CGU) and part of the operation within that unit is disposed of, the goodwill associated with the disposed operation is included in the carrying amount of the operation when determining the gain or loss on disposal. Goodwill disposed in these circumstances is measured based on the relative values of the disposed operation and the portion of the cash-generating unit retained.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Significant accounting judgements, estimates and assumptions</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of the Group’s consolidated financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Judgements</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the process of applying the Group’s accounting policies, management has made the following judgements, apart from those involving estimations, which have the most significant effect in the amounts recognized in the consolidated financial statements:</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Classification of investments</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets are classified, at initial recognition, at cost and subsequently measured at amortized cost, fair value through other comprehensive income (OCI), and fair value through profit or loss.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Determining the lease term of contracts with renewal options</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has the option, under some of its leases to lease the assets for additional terms. The Group applies judgement in evaluating whether it is reasonably certain to exercise the option to renew.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group considers all relevant factors that create an economic incentive for it to exercise the renewal. After the commencement date, the Group reassesses the lease term if there is a significant event or change in circumstances that is within its control and affects its ability to exercise (or not to exercise) the option to renew (e.g., a change in business strategy).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group included the renewal period as part of the lease term for leases of property, premises and equipment due to the significance of these assets to its operations. These leases have a short non-cancellable period and there will be a significant negative effect on the Group’s operations if a replacement is not readily available.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Estimates and assumptions</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Group based its assumptions and estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising that are beyond the control of the Group. Such changes are reflected in the assumptions when they occur.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Valuation of insurance contract liabilities</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Considerable judgement by management is required in the estimation of amounts due to contract holders arising from claims made under insurance contracts. Such estimates are necessarily based on assumptions about several factors involving varying, and possibly significant, degrees of judgement and uncertainty and actual results may differ from management’s estimates resulting in future changes in estimated liabilities.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In particular, estimates have to be made for both the expected ultimate cost of claims reported and the expected ultimate cost of claims incurred but not yet reported (IBNR) at the consolidated statement of financial position date. The primary technique adopted by management in estimating the cost of notified and IBNR claims is that of using past claim settlement trends to predict future claims settlement trends. Claims requiring court or arbitration decisions are estimated individually. Independent loss adjustors normally estimate property claims. Management reviews its provisions for claims incurred, and claims incurred but not reported, on a quarterly basis.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Similar judgements, estimates and assumptions are employed in the assessment of adequacy of provisions for unearned premiums. Judgement is also required in determining whether the pattern of insurance service provided by a contract requires amortization of unearned premiums on a basis other than time apportionment.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Total carrying amount of insurance contract liabilities as at year ended 31 December 2022 was USD 634,570 thousand (2021: USD 575,899 thousand). As at 31 December 2022, gross incurred but not reported claims (IBNR) amounted to USD 325,979 thousand (2021: USD 268,953 thousand) out of the total insurance contract liabilities.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Valuation of investment properties</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Investment properties amounted to USD 15,119 thousand as at 31 December 2022 (2021: USD 16,308 thousand) and are stated at fair value. Management has determined the fair value and in doing so has considered valuation performed by a third-party specialist. The valuation model used was in accordance with that recommended by the International Valuation Standards Committee. The investment properties are valued using the sales comparison approach. Under the sales comparison approach, a property’s fair value is estimated based on comparable transactions. The sales comparison approach is based upon the principle of substitution under which a potential buyer will not pay more for the property than it will cost to buy a comparable substitute property. The unit of comparison applied by the Group is the price per square meter (sqm).</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Valuation of investment properties of the associates</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Investment in associates amounted to USD 6,049 thousand as at 31 December 2022 (2021: USD 5,693 thousand). The associates’ main business is investing in investment properties located in Beirut, Lebanon. The investment properties of the associates are stated at fair value determined by management. In doing so, management has considered valuation performed by third party specialist using the sales comparison approach. The real estate market in Lebanon has changed significantly since the onset of the financial crisis that affected the country. Due to the relatively limited information available under the prevailing market conditions, and as a result of artificial demand created by investors outside the professional real estate development industry, who primarily aim to divest from cash assets into more secure holdings, prices found on the market are uncertain. Furthermore, since the majority of property owners are only accepting payments in US Dollars and not in local Lebanese currency, demand for commercial buildings has dropped considerably. Accordingly, prices found on the market at year end 2022, including achieved sales prices, are only indicative and may not hold if the market were to be corrected.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Expected credit loss for insurance receivables</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group uses a provision matrix to calculate ECLs for insurance receivables. The provision rates are based on days past due for groupings of various policy holder’s segments that have similar default patterns.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The provision matrix is initially based on the Group’s historical observed default rates. The Group will calibrate the matrix to adjust the historical credit loss experience with forward-looking information. For instance, if forecast economic conditions (i.e., gross domestic product) are expected to deteriorate over the next year which can lead to an increased number of defaults in the sector, the historical default rates are adjusted. At every reporting date, the historical observed default rates are updated and changes in the forward-looking estimates are analyzed.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The amount of ECLs is sensitive to changes in circumstances and of forecast economic conditions. The Group’s historical credit loss experience and forecast of economic conditions may also not be representative of policy holder’s actual default in the future.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In its ECL models, the Group relies on a range of forward-looking information as economic inputs, such as:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Real GDP growth by region</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Projected GDP growth by region</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In determining impairment of financial assets, judgement is required in the estimation of the amount and timing of future cash flows as well as an assessment of whether the credit risk on the financial asset has increased significantly since initial recognition and incorporation of forward-looking information in the measurement of ECL.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group considers insurance receivables in default when contractual payments are 360 days past due, and in doing so management considers but does not depend only on the age of the relevant accounts receivable. The adequacy of the Group’s past estimates as well as the high turnover ratio of receivables are also considered as main factors in evaluating the collectability of insurance receivables, especially in regions where the Group has experienced historical trends of slow collection such as the Middle East and Africa. Even in such regions, however, the Group has typically ultimately recovered the due premiums in full.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has In place credit appraisal policies for written business. The Group monitors and follows up on receivables for insurance transactions on an ongoing basis. Wherever, as a result of this formal chasing process, management determines that the settlement of a receivable is not probable, a notice of cancellation (NOC) will be issued within 30 – 60 days from the premium past due date. If the premium due is not paid within the NOC period, the insurance policy will be cancelled ab initio.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group does not pay claims on policies where the policyholder is past due on premium payments, except for cases where the policyholder’s broker confirms that the due premium is in the process of being collected.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Total expected credit losses on insurance receivables as at year ended 31 December 2022 was USD 17,510 thousand (2021: USD 14,356 thousand).</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ultimate premiums</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition to reported premium income, the Group also includes an estimate for pipeline premiums representing amount due on business written but not yet reported. This is based on management’s judgement of market conditions and historical data using premium development patterns evident from active underwriting years to predict ultimate premiums trends at the close of the fiscal period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Estimated pipeline premiums as at year ended 31 December 2022 was USD 1,500 thousand (2021: USD 1,379 thousand).</p>
CY2022 igic Descrption Of Accounting Policy For Basis Of Consolidation
DescrptionOfAccountingPolicyForBasisOfConsolidation
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Basis of consolidation</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The financial statements of the subsidiaries are prepared for the same period and amended where required to be compliant with the Group’s accounting policies.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The consolidated financial statements comprise the financial statements of International General Insurance Holdings Ltd. and its subsidiaries as at 31 December 2022. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if the Group has:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Exposure, or rights, to variable returns from its involvement with the investee, and</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The ability to use its power over the investee to affect its returns</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">When the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including:</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The contractual arrangement with the other vote holders of the investee</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Rights arising from other contractual arrangements</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The Group’s voting rights and potential voting rights</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group’s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtains control, and continue to be consolidated until the date that such control ceases.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All intercompany transactions, balances and unrealized gains and losses on transactions between Group companies are eliminated in full.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has the following subsidiaries and branches:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-style: italic; text-align: center">Country of incorporation</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Activity</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Ownership</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="vertical-align: top; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left"> </td><td> </td> <td style="vertical-align: top; text-align: center"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; width: 40%; text-align: left">International General Insurance Holdings Limited</td><td style="width: 1%"> </td> <td style="vertical-align: top; width: 13%; text-align: center; padding-left: 5.4pt">United Arab Emirates</td><td style="width: 1%"> </td> <td style="width: 13%; text-align: center; padding-left: 5.4pt">Reinsurance and insurance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 13%; font-weight: bold; text-align: right">100</td><td style="width: 1%; font-weight: bold; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">Tiberius Acquisition Corporation*</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">United States of America</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Special purpose acquisition company</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left"> </td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt"> </td><td> </td> <td style="text-align: center; padding-left: 5.4pt"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td colspan="12" style="vertical-align: top; font-style: italic; text-align: left">The following entities are wholly owned by the subsidiary International General Insurance Holdings Limited:</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; font-style: italic; text-align: left"> </td><td> </td> <td style="vertical-align: top; text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">I.G.I Underwriting /Jordan “Exempted”</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">Jordan</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Underwriting agency</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">North Star Underwriting Limited</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">United Kingdom</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Underwriting agency</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">International General Insurance Co. Ltd.</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">Bermuda</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left"> </td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt"> </td><td> </td> <td style="text-align: center; padding-left: 5.4pt"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td colspan="12" style="vertical-align: top; font-style: italic; text-align: left">The following entities are wholly owned subsidiaries and branches by International General Insurance Co. Ltd.:</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; font-style: italic; text-align: left"> </td><td> </td> <td style="vertical-align: top; text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; font-style: italic; text-align: left">Subsidiaries:</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt"> </td><td> </td> <td style="text-align: justify; padding-left: 5.4pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">International General Insurance Company (UK) Limited</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">United Kingdom</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">International General Insurance Company (Dubai) Ltd.</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">United Arab Emirates</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Insurance intermediation and insurance management</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">International General Insurance Company (Europe) SE</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">Malta</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">Specialty Malls Investment Company</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">Jordan</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Real estate properties development and lease</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">IGI Services Ltd</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">Cayman Islands</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Owning and chartering aircraft</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; font-style: italic; text-align: left">Branches:</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt"> </td><td> </td> <td style="text-align: center; padding-left: 5.4pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; vertical-align: top; text-align: left">International General Insurance Company Ltd. – Labuan Branch</td><td> </td> <td style="vertical-align: top; text-align: center; padding-left: 5.4pt">Malaysia</td><td> </td> <td style="text-align: center; padding-left: 5.4pt">Reinsurance and insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100</td><td style="font-weight: bold; text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0%"/><td style="width: 0.25in">*</td><td style="text-align: justify">The dissolution of Tiberius Acquisition Corporation has been duly authorised by the board of directors and shareholder in accordance with the General Corporation Law of the State of Delaware on 28 December 2022. The dissolution became effective on 4 January 2023.</td></tr></table><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Disclosure Of Changes In Accounting Policies Explanatory
DisclosureOfChangesInAccountingPoliciesExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Changes in accounting policies</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accounting policies used in the preparation of the consolidated financial statements are consistent with those used in the preparation of the annual consolidated financial statements for the year ended 31 December 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">There are no new standards or amendments effective in 2022 that have a material impact on the Group’s consolidated financial statements.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Standards issued but not yet effective</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IFRS 17 Insurance Contracts</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IFRS 17 provides a comprehensive model for insurance contracts covering the recognition and measurement and presentation and disclosure of insurance contracts and replaces IFRS 4 – Insurance Contracts. The standard applies to all types of insurance contracts (i.e. life, non-life, direct insurance and re-insurance), regardless of the type of entities that issue them, as well as to certain guarantees and financial instruments with discretionary participation features. The standard general model is supplemented by the variable fee approach and the premium allocation approach.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The new standard will be effective for annual periods beginning on or after 1 January 2023 with comparative figures required. Early application is permitted provided that the entity also applies IFRS 9 on or before the date it first applies IFRS 17.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group will be voluntarily changing its basis of accounting from IFRS to the Generally Accepted Accounting Principles in the United States of America (“U.S. GAAP”) and will present its consolidated financial statements in U.S. GAAP effective January 1, 2023 (the “first reporting period”). Accordingly, the Group has evaluated the potential transitional impact of such change and its first application of U.S. GAAP. As a result, the Group has discontinued the process of implementing IFRS 17.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Summary of significant accounting policies</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy To Determine Components Of Cash And Cash Equivalents
DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cash and cash equivalents</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Cash and cash equivalents consist of cash on hand, bank balances, and short-term deposits with an original maturity of three months or less.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accountings Policy For T Erm Deposits Explanatory
DescriptionOFAccountingsPolicyForTErmDepositsExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Term deposits</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The term deposits are interest bearing bank deposits with original maturity over 3 months.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Financial Assets Explanatory
DescriptionOfAccountingPolicyForFinancialAssetsExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Insurance receivables</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Insurance receivables are recognized when due and are measured on initial recognition at the fair value of the consideration to be received. The Group uses a provision matrix to calculate expected credit losses for insurance receivables. The provision rates are based on days past due and not based on groupings of various policy holder’s segments that have similar default loss-patterns.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial assets</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(a)</td><td style="text-align: justify">Initial recognition and measurement</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets are classified, at initial recognition, at cost and subsequently measured at amortized cost, fair value through other comprehensive income (OCI), and fair value through profit or loss (FVTPL).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial instruments are initially recognized on the trade date measured at their fair value. Except for financial assets recorded at FVTPL, transaction costs are added to this amount.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group classifies all of its financial assets based on the business model for managing the assets and the asset’s contractual terms. The categories include the following:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Amortized cost</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">FVOCI</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">FVTPL</td></tr></table><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(i)</td><td style="text-align: justify">Bonds and debt instruments measured at amortized cost</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Bonds and debt instruments are held at amortized cost if both of the following conditions are met:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The instruments are held within a business model with the objective of holding the instrument to collect the contractual cash flows.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The contractual terms of the debt instrument give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI) on the principal amount outstanding.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The details of these conditions are outlined below.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Business model assessment</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group determines its business model at the level that best reflects how it manages groups of financial assets to achieve its business objective.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group holds financial assets to generate returns and provide a capital base to provide for settlement of claims as they arise. The Group considers the timing, amount and volatility of cash flow requirements to support insurance liability portfolios in determining the business model for the assets as well as the potential to maximize return for shareholders and future business development.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group business model is not assessed on an instrument-by-instrument basis, but at a higher level of aggregated portfolios that is based on observable factors such as:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">How the performance of the business model and the financial assets held within that business model are evaluated and reported to the Group’s key management personnel.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The risks that affect the performance of the business model (and the financial assets held within that business model) and, in particular, the way those risks are managed.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">How managers of the business are compensated (for example, whether the compensation is based on the fair value of the assets managed or on the contractual cash flows collected).</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The expected frequency, value and timing of asset sales are also important aspects of the Group’s assessment.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The business model assessment is based on reasonably expected scenarios without taking ‘worst case’ or ’stress case’ scenarios into account. If cash flows after initial recognition are realized in a way that is different from the Group original expectations, the Group does not change the classification of the remaining financial assets held in that business model but incorporates such information when assessing newly originated or newly purchased financial assets going forward.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The SPPI test</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As a second step of its classification process the Group assesses the contractual terms to identify whether they meet the SPPI test.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">‘Principal’ for the purpose of this test is defined as the fair value of the financial asset at initial recognition and may change over the life of the financial asset (for example, if there are repayments of principal or amortization of the premium/discount).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The most significant elements of interest within a debt arrangement are typically the consideration for the time value of money and credit risk. To make the SPPI assessment, the Group applies judgement and considers relevant factors such as the currency in which the financial asset is denominated, and the period for which the interest rate is set.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Bonds and debt instruments measured at fair value through other comprehensive income</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group applies this category under IFRS 9 for debt instruments measured at FVOCI when both of the following conditions are met:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The instrument is held within a business model, the objective of which is both collecting contractual cash flows and selling financial assets.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The contractual terms of the financial asset meet the SPPI test.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Bonds and debt instruments in this category are those that are intended to be held to collect contractual cash flows and which may be sold in response to needs for liquidity or in response to changes in market conditions.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(ii)</td><td style="text-align: justify">Financial assets measured at fair value through profit or loss (Quoted funds, alternative investments and quoted equities)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets in this category are those assets which have been either designated by management upon initial recognition or are mandatorily required to be measured at fair value under IFRS 9. Management designates an instrument as FVTPL that otherwise meet the requirements to be measured at amortized cost or at FVOCI only if it eliminates, or significantly reduces, an accounting mismatch that would otherwise arise. Financial assets with contractual cash flows not representing solely payment of principal and interest are mandatorily required to be measured at FVTPL.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets at FVTPL are subsequently measured at fair value. Changes in fair value are recognized in the consolidated statement of income. Interest income is recognized using the effective interest method.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Dividend income from equity investments measured at FVTPL is recognized in the consolidated statement of income when the right to the payment has been established.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(iii)</td><td style="text-align: justify">Financial assets measured at fair value through other comprehensive income (Quoted and unquoted equities)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon initial recognition, the Group can elect to classify irrevocably its equity investments as equity instruments designated at fair value through OCI when they meet the definition of equity under IAS 32 “<i>Financial Instruments: Presentation</i>”, and are not held for trading. The classification is determined on an instrument-by-instrument basis.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Equity investments classified as financial assets measured at fair value through other comprehensive income are those, which are not classified as financial assets measured at fair value through profit or loss.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(iv)</td><td style="text-align: justify">Reclassification of financial assets and liabilities</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group does not reclassify its financial assets subsequent to their initial recognition, apart from the exceptional circumstances in which the Group terminates a business line or changes its business model for managing financial assets. A change in Group business model will occur only when Group management determines change as a result of external or internal changes which are significant to the Group operations. Reclassifications shall all be recorded prospectively from the reclassification date.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(b)</td><td style="text-align: justify">Subsequent measurement</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For purposes of subsequent measurement, financial assets in the scope of IFRS 9 are classified in four categories:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Financial assets at amortized cost (bonds, debt instruments)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Financial assets at fair value through OCI with recycling of cumulative gains and losses (bonds and debt instruments)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Financial assets designated at fair value through OCI with no recycling of cumulative gains and losses upon derecognition (equity instruments)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Financial assets at fair value through profit or loss</td></tr></table><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(i)</td><td style="text-align: justify">Financial assets at amortized cost (bonds, debt instruments)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognized in the consolidated statement of income when the asset is derecognized, modified, or impaired.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s debt instruments at amortized cost includes investments in unquoted debt instruments.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(ii)</td><td style="text-align: justify">Financial assets at fair value through OCI (debt instruments)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For debt instruments at fair value through OCI, interest income, foreign exchange revaluation and impairment losses or reversals are recognized in the consolidated statement of income and computed in the same manner as for financial assets measured at amortized cost. The remaining fair value changes are recognized in OCI. Upon derecognition, the cumulative fair value change recognized in OCI is recycled to the consolidated statement of income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s debt instruments at fair value through OCI includes investments in quoted debt instruments.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(iii)</td><td style="text-align: justify">Financial assets designated at fair value through OCI (equity instruments)</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Gains and losses on these financial assets are never recycled to the consolidated statement of income. Dividends are recognized as investment income in the consolidated statement of income when the right of payment has been established, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at fair value through OCI are not subject to impairment assessment.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group elected to classify irrevocably its unquoted equity investments and some quoted equity investments under this category.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: italic bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(iv)</td><td style="text-align: justify">Financial assets at fair value through profit or loss</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Notwithstanding the criteria for debt instruments to be classified at amortized cost or at fair value through OCI, as described above, debt instruments may be designated at fair value through profit or loss on initial recognition if doing so eliminates, or significantly reduces, an accounting mismatch.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets at fair value through profit or loss are carried in the consolidated statement of financial position at fair value with net changes in fair value recognized in the consolidated statement of income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This category includes quoted funds, alternative investments and quoted equity investments which the Group had not irrevocably elected to classify at fair value through OCI.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Dividends on quoted equity investments are also recognized as investment income in the consolidated statement of income when the right of payment has been established.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(c)</td><td style="text-align: justify">Derecognition</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Group’s consolidated statement of financial position) when:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The rights to receive cash flows from the asset have expired, or</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">The Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.</td></tr></table><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(d)</td><td style="text-align: justify">Impairment of financial assets in scope of IFRS 9</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group recognizes an allowance for expected credit losses (ECLs) for debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms, if any.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For debt instruments at fair value through OCI, the Group applies the low credit risk simplification. At every reporting date, the Group evaluates whether the debt instrument is considered to have low credit risk using all reasonable and supportable information that is available without undue cost or effort. In making that evaluation, the Group reassesses the credit rating of the debt instrument. In addition, the Group considers that there has been a significant increase in credit risk when contractual payments are more than 30 days past due.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s debt instruments at fair value through OCI comprise solely of quoted bonds that are graded in the top investment category by accredited rating agencies and, therefore, are considered to be low credit risk investments. It is the Group’s policy to measure ECLs on such instruments on a 12-month basis. However, when there has been a significant increase in credit risk since origination, the allowance will be based on the lifetime ECL. The Group uses the ratings from accredited rating agencies to monitor the changes in the credit ratings, determine whether the debt instrument has significantly increased in credit risk and to estimate ECLs.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The ECLs for debt instruments measured at FVOCI do not reduce the carrying amount of these financial assets in the statement of financial position, which remains at fair value. Instead, an amount equal to the allowance that would arise if the assets were measured at amortized cost is recognized in OCI with a corresponding charge to the consolidated statement of income. The accumulated gain recognized in OCI is recycled to the consolidated statement of income upon derecognition of the assets.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group considers a financial asset in default when contractual payments are 30 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets are written off either partially or in their entirety only when the Group has stopped pursuing the recovery. If the amount to be written off is greater than the accumulated loss allowance, the difference is first treated as an addition to the allowance that is then applied against the gross carrying amount. Any subsequent recoveries are credited to credit loss expense. There were no write-offs over the periods reported in these consolidated financial statements.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For cash flow purposes the Group classifies the cash flow for the acquisition and disposal of financial assets as operating cash flows, as the purchases of these investments is funded from the net cash flows associated with the origination of insurance and investment contracts and payment of benefits and claims incurred for such insurance contracts, which are respectively treated under operating activities.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Derivative Financial Instruments Explanatory
DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Derivative financial instruments</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Warrants are accounted for as derivative financial instruments (a financial liability) as they give the holder the right to obtain a variable number of common (ordinary) shares, dependent on the characteristics of the Warrant holder and the occurrence of some uncertain future events that are not within the control of the Group.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Warrants shall lapse and expire after five years from the closing of the Business Combination transaction (see note 33).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any gains or losses arising from changes in the fair value of derivatives are taken directly to the consolidated statement of income (within profit and loss) as the Group has not designated derivative financial instruments under hedging arrangements.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Term Warrants
TermWarrants
P5Y
CY2022 ifrs-full Description Of Accounting Policy For Investment In Associates
DescriptionOfAccountingPolicyForInvestmentInAssociates
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investments in associates</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s investment in its associates is accounted for using the equity method of accounting. An associate is an entity in which the Group has significant influence, and which is neither a subsidiary nor a joint venture.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The considerations made in determining significant influence or joint control are similar to those necessary to determine control over subsidiaries.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under the equity method, the investment in the associate is carried in the consolidated statement of financial position at cost plus post-acquisition changes in the Group’s share of net assets of the associate.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Profits or losses resulting from transactions between the Group and the associate are eliminated to the extent of the interest in the associate.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The share of profit or loss of the associate is shown on the face of the consolidated statement of income. This is profit attributable to equity holders of the associate and, therefore, is profit after tax and non-controlling interests in the subsidiaries of the associates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The financial statements of the associate are prepared for the same reporting period as the Group. Where necessary, adjustments are made to bring its accounting policies in line with the Group’s.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">After application of the equity method, the Group determines whether it is necessary to recognize an additional impairment loss on the Group’s investments in associates. The Group determines at each reporting date, whether there is any objective evidence that the investment in the associate is impaired. If this is the case, the Group calculates the amount of impairment as the difference between the recoverable amount of the associate and its carrying value and recognizes the amount in the ’share of profit or loss of an associate’ in the consolidated statement of income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon loss of significant influence over the associate, the Group measures and recognizes any remaining investment at its fair value. Any difference between the carrying amount of the associate upon loss of significant influence and the fair value of the remaining investment and proceeds from disposal is recognized in consolidated statement of income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The associates’ functional currency is the currency of a hyperinflationary economy and is adjusted in terms of the measuring unit current at the end of the reporting period. As the presentation currency of the Group is that of a non-hyperinflationary economy, comparative amounts are not adjusted for changes in the price level in the current year. Differences between these comparative amounts and current year hyperinflation adjusted equity balances are recognized in other comprehensive income. The carrying amounts of non-monetary assets and liabilities are adjusted to reflect the change in the general price index from the date of acquisition to the end of the reporting period. An impairment loss is recognized in profit or loss if the restated amount of a non-monetary item exceeds its estimated recoverable amount.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All the amounts in the associates’ financial statements (assets, liabilities, equity items, income, and expenses) are translated at the closing rate as of 31 December 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Gains or losses on the net monetary position are recognized in profit or loss.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accounting Policy For Investment Properties
DescriptionOfAccountingPolicyForInvestmentProperties
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investment properties</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Investment properties are measured initially at cost, including transaction costs. The carrying amount includes the cost of replacing part of an existing investment property at the time that cost is incurred if the recognition criteria are met; and excludes the costs of day to day servicing of an investment property. Subsequent to initial recognition, investment properties are stated at fair value, which reflects market conditions at the reporting date. Gains or losses arising from changes in the fair values of investment properties are included in the consolidated statement of income in the period in which they arise.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The fair value of the investment properties is determined by management and in doing so management considers the valuation performed by third parties who are specialists in valuing these types of investment properties.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Investment properties are derecognized when either they have been disposed of or when the investment property is permanently withdrawn from use and no future economic benefit is expected from its disposal.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The difference between the net disposal proceeds and the carrying amount of the asset is recognized in the consolidated statement of income in the period of derecognition. The amount of consideration to be included in the gain or loss arising from the derecognition of investment property is determined in accordance with the requirements for determining the transaction price in IFRS 15.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Transfers are made to or from investment property only when there is a change in use. For a transfer from investment property to owner occupied property, the deemed cost for subsequent accounting is the fair value at the date of change in use. If owner occupied property becomes an investment property, the Group accounts for such property in accordance with the policy stated under property, plant and equipment up to the date of change in use.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Property Plant And Equipment Explanatory
DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Property, premises and equipment</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Property, premises and equipment are stated at cost less accumulated depreciation and any impairment in value. Depreciation is calculated on a straight-line basis over the estimated useful lives using the following estimated useful lives:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Years</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left">Office buildings</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: center"> </td><td style="width: 9%; text-align: center">50</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Aircraft</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">12.5</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Office furniture</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">5</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Computers</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">3</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Equipment</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">4</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Leasehold improvements</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">5</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vehicles</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">5</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Right-of-use assets</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span style="font-size: 10pt">2-7</span></td><td style="text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">An item of property, premises and equipment and any significant part initially recognized, is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statement of income when the asset is derecognized.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The assets’ residual values, useful lives and method of depreciation are reviewed and adjusted if appropriate at each financial year-end. Impairment reviews take place when events or changes in circumstances indicate that the carrying value may not be recoverable. Impairment losses are recognized in the consolidated statement of income as an expense.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Disclosure Of Detailed Information About Property Plant And Equipment Explanatory
DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Years</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left">Office buildings</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: center"> </td><td style="width: 9%; text-align: center">50</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Aircraft</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">12.5</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Office furniture</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">5</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Computers</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">3</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Equipment</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">4</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Leasehold improvements</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">5</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Vehicles</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center">5</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Right-of-use assets</td><td> </td> <td style="text-align: center"> </td><td style="text-align: center"><span style="font-size: 10pt">2-7</span></td><td style="text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
CY2022 igic Useful Life Of Office Buildings
UsefulLifeOfOfficeBuildings
P50Y
CY2022 igic Useful Life Of Aircraft
UsefulLifeOfAircraft
P12Y6M
CY2022 igic Useful Life Of Office Furniture
UsefulLifeOfOfficeFurniture
P5Y
CY2022 igic Useful Life Of Computers
UsefulLifeOfComputers
P3Y
CY2022 igic Useful Life Of Equipment
UsefulLifeOfEquipment
P4Y
CY2022 igic Usefullifeofleasehold Improvements
UsefullifeofleaseholdImprovements
P5Y
CY2022 igic Usefullifeofvehicles
Usefullifeofvehicles
P5Y
CY2022 ifrs-full Description Of Accounting Policy For Intangible Assets And Goodwill Explanatory
DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Intangible assets</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is their fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The useful lives of intangible assets are assessed as either finite or indefinite.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Intangible assets with finite lives are amortized over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to modify the amortization period or method, as appropriate, and are treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized in the consolidated statement of income in the expense category that is consistent with the function of the intangible assets.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">An intangible asset is derecognized upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the consolidated statement of income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Intangible assets include computer software and software licenses. These intangible assets are amortized on a straight-line basis over their estimated economic useful lives of 5 years.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q4 igic Term Of Intangible Assets
TermOfIntangibleAssets
P5Y
CY2022 igic Description Of Accounting Policy For Work In Progress Assets
DescriptionOfAccountingPolicyForWorkInProgressAssets
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Work in progress assets</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Work in progress assets are stated at cost and include other direct costs and it is not depreciated until it is available for intended use.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Provisions Explanatory
DescriptionOfAccountingPolicyForProvisionsExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Provisions</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Provisions are recognized when the Group has an obligation (legal or constructive) as a result of a past event, and the costs to settle the obligation are both probable and able to be reliably measured.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Treasury Shares Explanatory
DescriptionOfAccountingPolicyForTreasurySharesExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Treasury shares</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Own equity instruments that are reacquired (treasury shares) are recognized at cost and deducted from equity. No gain or loss is recognized in the consolidated statement of income on the purchase, sale, issue or cancellation of the Group’s own equity instruments. Any difference between the carrying amount and the consideration, if reissued, is recognized in share premium.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accounting Policy For Gross Written Premiums
DescriptionOfAccountingPolicyForGrossWrittenPremiums
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gross written premiums</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Gross written premiums comprise the total premiums receivable for the whole period of cover provided by contracts entered into during the accounting period. They are recognized on the date on which the policy commences. Premiums include any adjustments arising in the accounting period for premiums receivable in respect of business written in prior accounting periods. Rebates that form part of the premium rate, such as no-claim rebates, are deducted from the gross premium; others are recognized as an expense. Premiums also include estimates for pipeline premiums, representing amounts due on business written but not yet notified. The Group generally estimates the pipeline premium based on management’s judgment and prior experience.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Unearned premiums are those proportions of premiums written in a year that relate to periods of risk after the reporting date. Unearned premiums are calculated on a pro rata basis. The proportion attributable to subsequent periods is deferred as a provision for unearned premiums.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accounting Policy For Reinsurance Premiums
DescriptionOfAccountingPolicyForReinsurancePremiums
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Reinsurance premiums</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reinsurance premiums comprise the total premiums payable for the reinsurance cover provided by retrocession contracts entered into during the year and are recognized on the date on which the policy incepts.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Premiums include any adjustments arising in the accounting period in respect of reinsurance contracts incepting in prior accounting periods.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Unearned reinsurance premiums are those proportions of premiums written in a year that relate to periods of risk after the reporting date. Unearned reinsurance premiums are deferred over the term of the underlying direct insurance policies for risks-attaching contracts and over the term of the reinsurance contract for losses occurring contracts.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2021Q4 igic Expected Credit Losses And Impairment
ExpectedCreditLossesAndImpairment
-463000 usd
CY2021Q4 igic Financial Iinvestments
FinancialIinvestments
470222000 usd
CY2022 igic Description Of Accounting Policy For Claim
DescriptionOfAccountingPolicyForClaim
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Claims</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Claims, comprising amounts payable to contract holders and third parties and related loss adjustment expenses, net of salvage and other recoveries, are charged to income as incurred. Claims comprise the estimated amounts payable, in respect of claims reported to the Group and those not reported at the consolidated statement of financial position date.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group generally estimates its claims based on appointed loss adjusters or leading underwriters’ recommendations. In addition, a provision based on management’s judgement and the Group’s prior experience is maintained for the cost of settling claims incurred but not reported at the consolidated statement of financial position date.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Customer Acquisition Costs Explanatory
DescriptionOfAccountingPolicyForCustomerAcquisitionCostsExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Policy acquisition costs and commissions earned</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Policy acquisition costs and commission earned represent commissions paid and received in relation to the acquisition and renewal of insurance and retrocession contracts which are deferred and expensed over the same period over which the corresponding premiums are recognised in accordance with the earning pattern of the underlying contract.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accountin Policy For Liability Adequacy Test
DescriptionOfAccountinPolicyForLiabilityAdequacyTest
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Liability adequacy test</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At each statement of financial position date, the Group assesses whether its recognized insurance liabilities are adequate using current estimates of future cash flows under its insurance contracts. If that assessment shows that the carrying amount of its unearned premiums (less related deferred policy acquisition costs) is inadequate in light of estimated future cash flows, the entire deficiency is immediately recognized in income and an unexpired risk provision is created. The results of the assessment are aggregated to the reporting segment level.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group does not discount its liability for unpaid claims as the Group measures its insurance contract liabilities on an undiscounted basis.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Reinsurance Explanatory
DescriptionOfAccountingPolicyForReinsuranceExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Reinsurance</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group cedes insurance risk in the normal course of business for all of its businesses. Reinsurance assets represent balances due from reinsurance companies. Amounts recoverable from reinsurers are estimated in a manner consistent with the outstanding claims provision or settled claims associated with the reinsurer’s policies and are in accordance with the related reinsurance contract.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reinsurance assets are reviewed for impairment at each reporting date, or more frequently, when an indication of impairment arises during the reporting year. Impairment occurs when there is objective evidence as a result of an event that occurred after initial recognition of the reinsurance asset that the Group may not receive all outstanding amounts due under the terms of the contract and the event has a reliably measurable impact on the amounts that the Group will receive from the reinsurer. The impairment loss is recorded in the consolidated statement of income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Gains or losses on buying reinsurance are recognized in the consolidated statement of income immediately at the date of purchase and are not amortized.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Ceded reinsurance arrangements do not relieve the Group from its obligations to policyholders.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group also assumes reinsurance risk in the normal course of business for non-life insurance contracts where applicable. Premiums and claims on assumed reinsurance are recognized as revenue or expenses in the same manner as they would be if the reinsurance were considered direct business, taking into account the product classification of the reinsured business. Reinsurance liabilities represent balances due to reinsurance companies. Amounts payable are estimated in a manner consistent with the related reinsurance contract.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Premiums and claims are presented on a gross basis for both ceded and assumed reinsurance.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reinsurance assets or liabilities are derecognized when the contractual rights are extinguished or expire or when the contract is transferred to another party.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reinsurance contracts that do not transfer significant insurance risk are accounted for directly through the statement of financial position. These are deposit assets or financial liabilities that are recognized based on the consideration paid or received less any explicit identified premiums or fees to be retained by the reinsured.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accounting Policy For Excess Of Loss Reinsurance
DescriptionOfAccountingPolicyForExcessOfLossReinsurance
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Excess of loss (XOL) reinsurance</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group purchases reinsurance as part of its risk mitigation programmer. The Group has a non–proportional excess–of–loss reinsurance contracts designed to mitigate the Group’s net exposure of losses that exceed a specified limit including catastrophe losses. These contracts often specify a limit in losses for which the reinsurer will be responsible. This limit is agreed to in the reinsurance contract and protects the Group from dealing with an unlimited liability. Retention limits for the excess–of–loss reinsurance vary by line of business.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The XOL costs are determined at the inception of the reinsurance contract and are payable upfront in the form of ‘Minimum and Deposit Premium’ (MDP) subject to premium adjustment at the end of the contract period. Deferred excess of loss premiums are those proportions of premiums paid during the year that relate to periods of risk after the reporting date. Deferred premiums are calculated on a pro rata basis.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Excess of loss reinsurance also includes reinstatement premium and related cash flows within the boundary of the initial reinsurance contract arising from usage of primary reinsurance coverage limit. Reinstatement occurs at predetermined rates without giving reinsurer any right to exit or reprice the contract. This implies expected cash flows related to the reinstatement premium shall be within the boundary of the initial reinsurance contract and are not related to future contracts.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Business Combinations And Goodwill Explanatory
DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Business combinations and goodwill</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Group elects whether to measure the non-controlling interests in the acquiree at fair value or at the proportionate share of the acquiree’s identifiable net assets. Acquisition-related costs are expensed as incurred and included in administrative expenses.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group determines that it has acquired a business when the acquired set of activities and assets include an input and a substantive process that together significantly contribute to the ability to create outputs. The acquired process is considered substantive if it is critical to the ability to continue producing outputs, and the inputs acquired include an organized workforce with the necessary skills, knowledge, or experience to perform that process or it significantly contributes to the ability to continue producing outputs and is considered unique or scarce or cannot be replaced without significant cost, effort, or delay in the ability to continue producing outputs.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">When the Group acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as at the acquisition date. This includes the separation of embedded derivatives in host contracts by the acquiree.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any contingent consideration to be transferred by the acquirer will be recognized at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument and within the scope of IFRS 9 Financial Instruments, is measured at fair value with the changes in fair value recognized in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognized in profit or loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all of the assets acquired and all of the liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group’s cash-generating units that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Where goodwill has been allocated to a cash-generating unit (CGU) and part of the operation within that unit is disposed of, the goodwill associated with the disposed operation is included in the carrying amount of the operation when determining the gain or loss on disposal. Goodwill disposed in these circumstances is measured based on the relative values of the disposed operation and the portion of the cash-generating unit retained.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Investment Liquidation Percent
InvestmentLiquidationPercent
0.85 pure
CY2021 igic Realized Gain On Sale Of Equities At Fair Value Through Other Comprehensive Income
RealizedGainOnSaleOfEquitiesAtFairValueThroughOtherComprehensiveIncome
usd
CY2022 ifrs-full Description Of Accounting Policy For Sharebased Payment Transactions Explanatory
DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Equity settled Share-based payment plan</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group operates an equity-settled share-based plan to its employees, under which the Group receives services from employees as consideration for equity instruments of the Group. The fair value of the employee services received in exchange for the grant of the equity instruments is recognized as an expense. The total amount to be expensed is determined by reference to the fair value of the equity instruments granted, at the grant date. The total expense is recognized during the vesting period, which is the period over which the specified vesting condition of the share-based payment are to be satisfied. At the end of each reporting period, the Group revises its estimates of the number of equity instruments that are expected to vest based on the vesting conditions and recognizes the impact of the revision of original estimates, if any, in the consolidated statement of income, with corresponding adjustment to equity.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Offsetting Of Financial Instruments Explanatory
DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Offsetting</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets and financial liabilities are offset, and the net amount reported in the consolidated statement of financial position only when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liability simultaneously. Income and expense are not offset in the consolidated statement of income unless required or permitted by any accounting standard or interpretation.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Foreign Currency Translation Explanatory
DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Foreign currencies</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s consolidated financial statements are presented in United States Dollars, which is also the functional currency of the Group. Each entity in the Group determines its own functional currency and items included in the financial statements of each entity are measured using that functional currency.</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Transactions and balances</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Transactions in foreign currencies are initially recorded by the Group entities at their respective functional currency rates prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the functional currency spot rate of exchange ruling at the reporting date. All differences are taken to the consolidated statement of income. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates as at the dates of the initial transactions. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined.</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Group companies</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The assets and liabilities of foreign operations are translated into United States Dollars at the rate of exchange prevailing at the reporting date and their statements of income are translated at exchange rates prevailing at the date of the transactions. The exchange differences arising on the translation are recognized in the consolidated statement of comprehensive income. On disposal of a foreign operation, the component of other comprehensive income relating to that particular foreign operation is recognized in the consolidated statement of income.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Income Tax Explanatory
DescriptionOfAccountingPolicyForIncomeTaxExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Taxation</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The charge or credit for taxation is based upon the profit or loss for the year and takes into account taxation deferred because of temporary differences between the treatment of certain items for taxation and accounting purposes.</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Current income tax</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date in the countries were the Group operates and generates taxable income.</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deferred tax</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred tax is provided using the liability method on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred tax liabilities are recognized for all taxable temporary differences.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred tax assets are recognized for all deductible temporary differences, carry forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credit and unused tax losses can be utilized.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Interest Income And Expense Explanatory
DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest income</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Interest income included in investment income is recognized as the interest accrues using the effective interest method, under which the rate used exactly discounts estimated future cash receipts through the expected life of the financial asset to the net carrying amount of the financial asset.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accounting Policy For Dividend Income
DescriptionOfAccountingPolicyForDividendIncome
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dividend income</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Dividend revenue included in investment income is recognized when the right to receive the payment is established.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accounting Policy For Chartered Flights Revenues And Expenses
DescriptionOfAccountingPolicyForCharteredFlightsRevenuesAndExpenses
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Other revenues and expenses</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other revenues consist of chartered flights revenues which are recognized when the transportation is provided. Related expenses are recognized in the same period as the revenues to which they relate.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2021 igic Us Surplus And Excess Lines Business Licensed Effective
USSurplusAndExcessLinesBusinessLicensedEffective
5400000 usd
CY2022Q4 ifrs-full Deposits From Banks
DepositsFromBanks
5000000 usd
CY2021Q4 ifrs-full Deposits From Banks
DepositsFromBanks
5000000 usd
CY2022 ifrs-full Description Of Accounting Policy For Leases Explanatory
DescriptionOfAccountingPolicyForLeasesExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Leasing</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Group as a lessee</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets.  </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accounting Policy Right Of Use Assets
DescriptionOfAccountingPolicyRightOfUseAssets
<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Right-of-use assets</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and are adjusted for any remeasurement of lease liabilities.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has included the right-of-use assets arising from the lease contracts within property, plant and premises in the consolidated statement of financial position (see note 13).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Unless the Group is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the recognized right-of-use assets are depreciated on a straight-line basis over the shorter of its estimated useful life and the lease term. Right-of-use assets are subject to impairment.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Descrption Of Accounting Policy For Lease Liabilities
DescrptionOfAccountingPolicyForLeaseLiabilities
<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Lease liabilities</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the commencement date of the lease, the Group recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating a lease, if the lease term reflects the Group exercising the option to terminate.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The variable lease payments that do not depend on an index or a rate are recognized as expense in the period on which the event or condition that triggers the payment occurs.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has included the lease obligations arising from the lease contracts within the other liabilities in the consolidated statement of financial position (see note 16).</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Descrption Of Accounting Policy For Short Term Leases And Leases Of Low Value Assets
DescrptionOfAccountingPolicyForShortTermLeasesAndLeasesOfLowValueAssets
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Short-term leases and leases of low-value assets</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group applies the short-term lease recognition exemption to some of its short-term leases (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition exemption to leases that are considered of low value (i.e., below USD 5 thousand). Lease payments on short-term leases and leases of low-value assets are recognized as an expense on a straight-line basis over the lease term.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q4 igic Leases Amount
LeasesAmount
5000 usd
CY2022 ifrs-full Description Of Accounting Policy For Fair Value Measurement Explanatory
DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fair values</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The principal or the most advantageous market must be accessible to the Group.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Level 1 – Quoted (unadjusted) market prices in active markets for identical assets or liabilities</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Level 2 – Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Level 3 – Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For assets and liabilities that are recognized in the financial statements on a recurring basis, the Group determines whether transfers have occurred between Levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s management determines the policies and procedures for both recurring fair value measurement, such as unquoted financial assets measured at fair value through other comprehensive income.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At each reporting date, the management analyses the movements in the values of assets and liabilities which are required to be re-measured or re-assessed as per the Group’s accounting policies. For this analysis, the management verifies the major inputs applied in the latest valuation by agreeing the information in the valuation computation to contracts and other relevant documents.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the purpose of fair value disclosures, the Group has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 ifrs-full Description Of Accounting Policy For Segment Reporting Explanatory
DescriptionOfAccountingPolicyForSegmentReportingExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Segment reporting</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reporting segments and segment measures are explained and disclosed in note 31 Segment information.</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q4 igic Financial Iinvestments
FinancialIinvestments
534722000 usd
CY2021Q4 igic Unquoted Bonds
UnquotedBonds
2934000 usd
CY2022 igic Description Of Accounting Policy For Significant Accounting Jdgements Estimate An Assumptions
DescriptionOfAccountingPolicyForSignificantAccountingJdgementsEstimateAnAssumptions
<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Significant accounting judgements, estimates and assumptions</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of the Group’s consolidated financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accounting Policy For Judgements
DescriptionOFAccountingPolicyForJudgements
<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Judgements</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the process of applying the Group’s accounting policies, management has made the following judgements, apart from those involving estimations, which have the most significant effect in the amounts recognized in the consolidated financial statements:</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accounting Policy For Classification Of Investments
DescriptionOfAccountingPolicyForClassificationOfInvestments
<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Classification of investments</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial assets are classified, at initial recognition, at cost and subsequently measured at amortized cost, fair value through other comprehensive income (OCI), and fair value through profit or loss.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Descrption Of Accounting Policy For Determining The Lease Term Of Contracts With Renewal Option
DescrptionOfAccountingPolicyForDeterminingTheLeaseTermOfContractsWithRenewalOption
<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Determining the lease term of contracts with renewal options</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has the option, under some of its leases to lease the assets for additional terms. The Group applies judgement in evaluating whether it is reasonably certain to exercise the option to renew.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group considers all relevant factors that create an economic incentive for it to exercise the renewal. After the commencement date, the Group reassesses the lease term if there is a significant event or change in circumstances that is within its control and affects its ability to exercise (or not to exercise) the option to renew (e.g., a change in business strategy).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group included the renewal period as part of the lease term for leases of property, premises and equipment due to the significance of these assets to its operations. These leases have a short non-cancellable period and there will be a significant negative effect on the Group’s operations if a replacement is not readily available.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accounting Policy For Estimates And Assumptions
DescriptionOfAccountingPolicyForEstimatesAndAssumptions
<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Estimates and assumptions</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Group based its assumptions and estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising that are beyond the control of the Group. Such changes are reflected in the assumptions when they occur.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Description Of Accounting Policy For Valuation Of Insurance Contract Liabilities
DescriptionOfAccountingPolicyForValuationOfInsuranceContractLiabilities
<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Valuation of insurance contract liabilities</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Considerable judgement by management is required in the estimation of amounts due to contract holders arising from claims made under insurance contracts. Such estimates are necessarily based on assumptions about several factors involving varying, and possibly significant, degrees of judgement and uncertainty and actual results may differ from management’s estimates resulting in future changes in estimated liabilities.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In particular, estimates have to be made for both the expected ultimate cost of claims reported and the expected ultimate cost of claims incurred but not yet reported (IBNR) at the consolidated statement of financial position date. The primary technique adopted by management in estimating the cost of notified and IBNR claims is that of using past claim settlement trends to predict future claims settlement trends. Claims requiring court or arbitration decisions are estimated individually. Independent loss adjustors normally estimate property claims. Management reviews its provisions for claims incurred, and claims incurred but not reported, on a quarterly basis.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Similar judgements, estimates and assumptions are employed in the assessment of adequacy of provisions for unearned premiums. Judgement is also required in determining whether the pattern of insurance service provided by a contract requires amortization of unearned premiums on a basis other than time apportionment.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Total carrying amount of insurance contract liabilities as at year ended 31 December 2022 was USD 634,570 thousand (2021: USD 575,899 thousand). As at 31 December 2022, gross incurred but not reported claims (IBNR) amounted to USD 325,979 thousand (2021: USD 268,953 thousand) out of the total insurance contract liabilities.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 igic Total Carrying Amount Of Insurance Contract Liabilities
TotalCarryingAmountOfInsuranceContractLiabilities
634570000 usd
CY2021 igic Total Carrying Amount Of Insurance Contract Liabilities
TotalCarryingAmountOfInsuranceContractLiabilities
575899000 usd
CY2022Q4 igic Gross Incurred But Not Reported Claims
GrossIncurredButNotReportedClaims
325979000 usd
CY2021Q4 igic Gross Incurred But Not Reported Claims
GrossIncurredButNotReportedClaims
268953000 usd
CY2021Q4 igic Quoted Bonds
QuotedBonds
418445000 usd
CY2021Q4 igic Quoted Funds And Alternative Investments
QuotedFundsAndAlternativeInvestments
14377000 usd
CY2021Q4 igic Quoted Equities
QuotedEquities
27883000 usd
CY2022 igic Description Of Accounting Policy For Valuation Of Investment Properties
DescriptionOfAccountingPolicyForValuationOfInvestmentProperties
<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Valuation of investment properties</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Investment properties amounted to USD 15,119 thousand as at 31 December 2022 (2021: USD 16,308 thousand) and are stated at fair value. Management has determined the fair value and in doing so has considered valuation performed by a third-party specialist. The valuation model used was in accordance with that recommended by the International Valuation Standards Committee. The investment properties are valued using the sales comparison approach. Under the sales comparison approach, a property’s fair value is estimated based on comparable transactions. The sales comparison approach is based upon the principle of substitution under which a potential buyer will not pay more for the property than it will cost to buy a comparable substitute property. The unit of comparison applied by the Group is the price per square meter (sqm).</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q4 igic Amount Of Investment Properties
AmountOfInvestmentProperties
15119000 usd
CY2021Q4 igic Amount Of Investment Properties
AmountOfInvestmentProperties
16308000 usd
CY2022 igic Description Of Accounting Policy For Valuation Of Investment Properties Of The Associate
DescriptionOfAccountingPolicyForValuationOfInvestmentPropertiesOfTheAssociate
<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Valuation of investment properties of the associates</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Investment in associates amounted to USD 6,049 thousand as at 31 December 2022 (2021: USD 5,693 thousand). The associates’ main business is investing in investment properties located in Beirut, Lebanon. The investment properties of the associates are stated at fair value determined by management. In doing so, management has considered valuation performed by third party specialist using the sales comparison approach. The real estate market in Lebanon has changed significantly since the onset of the financial crisis that affected the country. Due to the relatively limited information available under the prevailing market conditions, and as a result of artificial demand created by investors outside the professional real estate development industry, who primarily aim to divest from cash assets into more secure holdings, prices found on the market are uncertain. Furthermore, since the majority of property owners are only accepting payments in US Dollars and not in local Lebanese currency, demand for commercial buildings has dropped considerably. Accordingly, prices found on the market at year end 2022, including achieved sales prices, are only indicative and may not hold if the market were to be corrected.</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q4 igic Investment In Associates Amounted
InvestmentInAssociatesAmounted
6049000 usd
CY2021Q4 igic Investment In Associates Amounted
InvestmentInAssociatesAmounted
5693000 usd
CY2022 igic Description Of Accounting Policy For Expected Credit Loss Insurance Receivable
DescriptionOfAccountingPolicyForExpectedCreditLossInsuranceReceivable
<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Expected credit loss for insurance receivables</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group uses a provision matrix to calculate ECLs for insurance receivables. The provision rates are based on days past due for groupings of various policy holder’s segments that have similar default patterns.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The provision matrix is initially based on the Group’s historical observed default rates. The Group will calibrate the matrix to adjust the historical credit loss experience with forward-looking information. For instance, if forecast economic conditions (i.e., gross domestic product) are expected to deteriorate over the next year which can lead to an increased number of defaults in the sector, the historical default rates are adjusted. At every reporting date, the historical observed default rates are updated and changes in the forward-looking estimates are analyzed.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The amount of ECLs is sensitive to changes in circumstances and of forecast economic conditions. The Group’s historical credit loss experience and forecast of economic conditions may also not be representative of policy holder’s actual default in the future.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In its ECL models, the Group relies on a range of forward-looking information as economic inputs, such as:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Real GDP growth by region</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in">●</td><td style="text-align: justify">Projected GDP growth by region</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In determining impairment of financial assets, judgement is required in the estimation of the amount and timing of future cash flows as well as an assessment of whether the credit risk on the financial asset has increased significantly since initial recognition and incorporation of forward-looking information in the measurement of ECL.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group considers insurance receivables in default when contractual payments are 360 days past due, and in doing so management considers but does not depend only on the age of the relevant accounts receivable. The adequacy of the Group’s past estimates as well as the high turnover ratio of receivables are also considered as main factors in evaluating the collectability of insurance receivables, especially in regions where the Group has experienced historical trends of slow collection such as the Middle East and Africa. Even in such regions, however, the Group has typically ultimately recovered the due premiums in full.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has In place credit appraisal policies for written business. The Group monitors and follows up on receivables for insurance transactions on an ongoing basis. Wherever, as a result of this formal chasing process, management determines that the settlement of a receivable is not probable, a notice of cancellation (NOC) will be issued within 30 – 60 days from the premium past due date. If the premium due is not paid within the NOC period, the insurance policy will be cancelled ab initio.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group does not pay claims on policies where the policyholder is past due on premium payments, except for cases where the policyholder’s broker confirms that the due premium is in the process of being collected.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Total expected credit losses on insurance receivables as at year ended 31 December 2022 was USD 17,510 thousand (2021: USD 14,356 thousand).</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q4 igic Total Expected Credit Losses On Insurance Receivable
TotalExpectedCreditLossesOnInsuranceReceivable
17510000 usd
CY2021Q4 igic Total Expected Credit Losses On Insurance Receivable
TotalExpectedCreditLossesOnInsuranceReceivable
14356000 usd
CY2022 igic Estimated Pipeline Premiums
EstimatedPipelinePremiums
1500000 usd
CY2021 igic Estimated Pipeline Premiums
EstimatedPipelinePremiums
1379000 usd
CY2022 ifrs-full Disclosure Of Cash And Bank Balances At Central Banks Explanatory
DisclosureOfCashAndBankBalancesAtCentralBanksExplanatory
<table cellpadding="0" cellspacing="0" style="width: 100%; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0%"/><td style="width: 0.5in">3.</td><td style="text-align: justify">CASH AT BANKS</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(a)</td><td style="text-align: justify">CASH AND CASH EQUIVALENTS</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 76%; text-align: justify">Cash and bank balances*</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">82,969</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">205,866</td><td style="padding: 0pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: justify">Deposits with original maturities of three months or less</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">54,974</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">36,280</td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">137,943</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">242,146</td><td style="padding: 0pt; text-align: left"> </td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.25in; text-align: left">*</td><td style="text-align: justify">This item includes restricted cash in the amount of USD 10,800 thousand placed in a trust account in favor of the National Association of Insurance Commissioners (NAIC) to secure policyholders’ obligations in relation to US surplus and excess lines business (2021: USD 5,400 thousand). In addition, this item includes a restricted call deposit in the amount of USD 5,000 thousand (2021: USD 5,000 thousand) placed in favor of the Group as collateral against reinsurance arrangements. The interest earned on this deposit is recognised as a liability and transferred to the reinsurance company on a semi-annual basis.</td> </tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">(b)</td><td style="text-align: justify">TERM DEPOSITS</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 76%; text-align: justify">Deposits with original maturities over three months and less than one year</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">265,691</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">136,278</td><td style="padding: 0pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: justify">Deposits with original maturities over one year</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">31,335</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">43,688</td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">297,026</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">179,966</td><td style="padding: 0pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The deposits are denominated in US Dollars and other US Dollars pegged currencies, Pound Sterling, Euro and Australian Dollars. All deposits earned interest in the range between 0.6%-6.1% (2021: 0.4%-3.0%) and are held for varying periods between three months up to 2 years depending on the immediate cash requirements of the Group.</p>
CY2022 igic Disclosure Of Detailed Information About Cash And Cash Equivalents Explanatory
DisclosureOfDetailedInformationAboutCashAndCashEquivalentsExplanatory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 76%; text-align: justify">Cash and bank balances*</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">82,969</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">205,866</td><td style="padding: 0pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: justify">Deposits with original maturities of three months or less</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">54,974</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">36,280</td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">137,943</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">242,146</td><td style="padding: 0pt; text-align: left"> </td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.25in; text-align: left">*</td><td style="text-align: justify">This item includes restricted cash in the amount of USD 10,800 thousand placed in a trust account in favor of the National Association of Insurance Commissioners (NAIC) to secure policyholders’ obligations in relation to US surplus and excess lines business (2021: USD 5,400 thousand). In addition, this item includes a restricted call deposit in the amount of USD 5,000 thousand (2021: USD 5,000 thousand) placed in favor of the Group as collateral against reinsurance arrangements. The interest earned on this deposit is recognised as a liability and transferred to the reinsurance company on a semi-annual basis.</td> </tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p>
CY2022Q4 igic Restricted Cash Amount
RestrictedCashAmount
10800000 usd
CY2022 igic Disclosure Of Detailed Information About Term Deposits
DisclosureOfDetailedInformationAboutTermDeposits
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 76%; text-align: justify">Deposits with original maturities over three months and less than one year</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">265,691</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">136,278</td><td style="padding: 0pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: justify">Deposits with original maturities over one year</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">31,335</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">43,688</td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">297,026</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">179,966</td><td style="padding: 0pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2022 ifrs-full Disclosure Of Trade And Other Receivables Explanatory
DisclosureOfTradeAndOtherReceivablesExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">4.</td><td style="text-align: justify">INSURANCE RECEIVABLES</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 76%; text-align: left">Receivables from insurance companies and intermediaries</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">202,357</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">193,701</td><td style="padding: 0pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: justify">Less: Expected credit losses on insurance receivables</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(17,510</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">(14,356</td><td style="padding: 0pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">184,847</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">179,345</td><td style="padding: 0pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The movement in the expected credit losses is as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 76%; text-align: left">Opening balance</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">14,356</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">9,235</td><td style="padding: 0pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: justify">Provision for the year</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">3,154</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">5,181</td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: justify">Write-offs</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-156">-</div></td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">(60</td><td style="padding: 0pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: justify">Ending balance</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">17,510</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">14,356</td><td style="padding: 0pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Insurance receivables are non-interest bearing. The Group does not obtain collateral over insurance receivables.</p>
CY2022Q4 igic Receivables From Insurance Companies And Intermediaries
ReceivablesFromInsuranceCompaniesAndIntermediaries
202357000 usd
CY2021Q4 igic Receivables From Insurance Companies And Intermediaries
ReceivablesFromInsuranceCompaniesAndIntermediaries
193701000 usd
CY2022Q4 igic Less Expected Credit Losses On Insurance Receivables
LessExpectedCreditLossesOnInsuranceReceivables
-17510000 usd
CY2021Q4 igic Less Expected Credit Losses On Insurance Receivables
LessExpectedCreditLossesOnInsuranceReceivables
-14356000 usd
CY2022Q4 igic Total Insurance Receivables
TotalInsuranceReceivables
184847000 usd
CY2021Q4 igic Total Insurance Receivables
TotalInsuranceReceivables
179345000 usd
CY2021Q4 igic Expectedcreditlosses
Expectedcreditlosses
14356000 usd
CY2020Q4 igic Expectedcreditlosses
Expectedcreditlosses
9235000 usd
CY2022 igic Provision For Year Restated Expected Credit Losses
ProvisionForYearRestatedExpectedCreditLosses
3154000 usd
CY2021 igic Provision For Year Restated Expected Credit Losses
ProvisionForYearRestatedExpectedCreditLosses
5181000 usd
CY2021 igic Insurance Receivables Writeoffs
InsuranceReceivablesWriteoffs
-60000 usd
CY2022Q4 igic Expectedcreditlosses
Expectedcreditlosses
17510000 usd
CY2021Q4 igic Expectedcreditlosses
Expectedcreditlosses
14356000 usd
CY2022 ifrs-full Disclosure Of Investments Accounted For Using Equity Method Explanatory
DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">5.</td><td style="text-align: justify">INVESTMENTS</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The details of the Group’s financial investments for the years 2022 and 2021 are as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="14" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Amortized<br/> cost</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Fair value<br/> through other<br/> comprehensive<br/> income</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Fair value<br/> through<br/> profit or loss</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><b><i>Total</i></b></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: justify; padding-left: 2.85pt">Unquoted bonds*</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">2,623</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-157">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-158">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">2,623</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 2.85pt">Quoted bonds</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-159">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">489,081</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-160">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">489,081</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 2.85pt">Quoted funds and alternative investments</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-161">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-162">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">12,237</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">12,237</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 2.85pt">Quoted equities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-163">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,845</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">13,201</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">24,046</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 2.85pt">Unquoted equities**</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-164">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">7,364</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-165">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">7,364</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 2.85pt">Expected credit losses and impairment</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(629</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-166">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-167">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(629</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 2.85pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,994</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">507,290</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">25,438</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">534,722</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="14" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Amortized<br/> cost</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Fair value<br/> through other<br/> comprehensive<br/> income</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Fair value<br/> through<br/> profit or loss</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><b><i>Total</i></b></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: justify; padding-left: 2.85pt">Unquoted bonds*</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,934</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-168">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-169">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,934</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 2.85pt">Quoted bonds</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-170">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">418,445</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-171">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">418,445</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 2.85pt">Quoted funds and alternative investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-172">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-173">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,377</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,377</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 2.85pt">Quoted equities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-174">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,721</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,162</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">27,883</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 2.85pt">Unquoted equities**</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-175">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,046</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-176">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,046</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 2.85pt">Expected credit losses and impairment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(463</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-177">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-178">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(463</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 2.85pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">2,471</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">439,212</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">28,539</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">470,222</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">*</td><td style="text-align: justify">In 2021, this included an investment in an unquoted bond denominated in JOD (USD pegged currency) issued by ’Specialized Investment Compound Co.’ a local company based in Jordan with a maturity date of 22 February 2016. The said company is currently under liquidation, due to which 85% of original bond holdings with nominal value amounting to USD 1,236 thousand were not paid on that maturity date.</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-indent: 0pt"><span style="font-size: 10pt">This bond is backed up by collateral in the form of real estate properties. However, the Group management has provided USD 622 thousand which fully covers the remaining amount of the bond at as 31 December 2022 (2021: USD 441 thousand).</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.5in; text-align: left"><span style="font-size: 10pt">**</span></td><td style="text-align: justify"><span style="font-size: 10pt">The Group has two unquoted equity investments under level 3 designated at fair value through OCI valued at USD 6,990 thousand (2021: USD 6,614 thousand) and USD 374 thousand (2021: USD 432 thousand). As at 31 December 2022 and 2021, the Group has measured the fair value of the unquoted investment valued at USD 6,990 thousand (2021: USD 6,614 thousand) by adopting a market valuation approach namely ‘multiples-based valuation’ whereby earnings-based multiples of comparable companies were considered for the valuation.</span></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">As at 31 December 2022 and 2021, the Group has measured the fair value of the unquoted investment valued at USD 374 thousand (31 December 2021: USD 432 thousand), by adopting a market valuation approach namely ‘multiples-based valuation’ whereby earnings-based multiples of comparable companies were considered for the valuation.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">There are no active markets for these investments.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The movement on the expected credit losses and impairment provision for the bonds at amortized cost is as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; font-weight: bold; text-align: justify; text-indent: -21.3pt; padding-left: 21.3pt">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">463</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">397</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Addition of provision for investment held at amortized cost</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">166</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">66</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 4pt; text-indent: -21.3pt; padding-left: 21.3pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">629</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">463</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The addition of allowance for bonds at FVTOCI for the year 2022 of USD 138 thousand (see note 23) does not change the carrying amount of these investments (which are measured at fair value but gives rise to an equal and opposite gain in OCI).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The table below shows the sensitivity of the fair value of Level 3 financial assets as at 31 December 2022, 2021 and 2020:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">%</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Positive impact</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Negative impact</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Valuation variables</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 10%; font-weight: bold; text-align: left">2022</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 7%; font-weight: bold; text-align: center">+/- 10</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">724</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">(724</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 1%"> </td> <td style="text-align: left; padding-left: 5.4pt">Market multiples applied to a range of financial performance measures***</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">2021</td><td> </td> <td style="text-align: center">+/- 10</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">663</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(663</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left; padding-left: 5.4pt">Market multiples applied to a range of financial performance measures</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2020</td><td> </td> <td style="text-align: center">+/- 10</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">701</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(701</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left; padding-left: 5.4pt">Market multiples applied to a range of financial performance measures <br/> And market multiples applied to implied value in a recent official sale offer</td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0%"/><td style="width: 0.35in">***</td><td style="text-align: justify">As at 31 December 2022, the fair value measurement of the unquoted equity investment valued at USD 6,990 thousand (2021: USD 6,614 thousand) (2020: USD 6,314 thousand) was based on a combination of valuation multiples, with greater weight given to price to book value multiple. This has implied an equity value range of USD 7,714 thousand to USD 6,266 thousand (2021: USD 7,277 thousand to USD 5,951 thousand) (2020: USD 5,612 thousand to USD 7,015 thousand).</td></tr></table>
CY2022Q4 igic Unquoted Bonds
UnquotedBonds
2623000 usd
CY2022Q4 igic Quoted Bonds
QuotedBonds
489081000 usd
CY2022Q4 igic Quoted Funds And Alternative Investments
QuotedFundsAndAlternativeInvestments
12237000 usd
CY2022Q4 igic Quoted Equities
QuotedEquities
24046000 usd
CY2022Q4 igic Unquoted Equities Restated
UnquotedEquitiesRestated
7364000 usd
CY2022Q4 igic Expected Credit Losses And Impairment
ExpectedCreditLossesAndImpairment
-629000 usd
CY2022Q4 ifrs-full Notional Amount
NotionalAmount
1236000 usd
CY2022 igic Potential Impairment
PotentialImpairment
622000 usd
CY2021 igic Potential Impairment
PotentialImpairment
441000 usd
CY2022 igic Unquoted Investment
UnquotedInvestment
6990000 usd
CY2021 igic Unquoted Investment
UnquotedInvestment
6614000 usd
CY2021Q4 igic Expected Credit Losss
ExpectedCreditLosss
463000 usd
CY2020Q4 igic Expected Credit Losss
ExpectedCreditLosss
397000 usd
CY2022 igic Release Of Provision For Investment In Debt Securities
ReleaseOfProvisionForInvestmentInDebtSecurities
166000 usd
CY2021 igic Release Of Provision For Investment In Debt Securities
ReleaseOfProvisionForInvestmentInDebtSecurities
66000 usd
CY2022Q4 igic Expected Credit Losss
ExpectedCreditLosss
629000 usd
CY2021Q4 igic Expected Credit Losss
ExpectedCreditLosss
463000 usd
CY2022 ifrs-full Interest Expense On Bonds
InterestExpenseOnBonds
138000 usd
CY2022Q4 igic Fair Value Measurement Of Unquoted Equity Investment
FairValueMeasurementOfUnquotedEquityInvestment
6990000 usd
CY2021Q4 igic Fair Value Measurement Of Unquoted Equity Investment
FairValueMeasurementOfUnquotedEquityInvestment
6614000 usd
CY2020Q4 igic Fair Value Measurement Of Unquoted Equity Investment
FairValueMeasurementOfUnquotedEquityInvestment
6314000 usd
CY2022 igic Descrption Of Accounting Policy For Investments In Associates
DescrptionOfAccountingPolicyForInvestmentsInAssociates
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">6.</td><td style="text-align: justify">INVESTMENTS IN ASSOCIATES</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group holds 32.7% equity ownership interest in companies registered in Lebanon as shown below, the investments in associated companies are accounted for using the equity method:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-style: italic"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Country of<br/> incorporation</td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="6" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Ownership</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: center"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt"> </td> <td colspan="2" style="padding: 0pt; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding: 0pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 64%; font-style: italic; text-align: justify">Star Rock SAL Lebanon</td><td style="padding: 0pt; width: 1%; font-style: italic"> </td> <td style="padding: 0pt; width: 11%; font-style: italic; text-align: center">Lebanon</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">32.7</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left">%</td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">32.7</td><td style="padding: 0pt; width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; font-style: italic; text-align: justify">Sina SAL Lebanon</td><td style="padding: 0pt; font-style: italic"> </td> <td style="padding: 0pt; font-style: italic; text-align: center">Lebanon</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">32.7</td><td style="padding: 0pt; font-weight: bold; text-align: left">%</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">32.7</td><td style="padding: 0pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; font-style: italic; text-align: justify">Silver Rock SAL Lebanon</td><td style="padding: 0pt; font-style: italic"> </td> <td style="padding: 0pt; font-style: italic; text-align: center">Lebanon</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">32.7</td><td style="padding: 0pt; font-weight: bold; text-align: left">%</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">32.7</td><td style="padding: 0pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; font-style: italic; text-align: justify">Golden Rock SAL Lebanon</td><td style="padding: 0pt; font-style: italic"> </td> <td style="padding: 0pt; font-style: italic; text-align: center">Lebanon</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">32.7</td><td style="padding: 0pt; font-weight: bold; text-align: left">%</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">32.7</td><td style="padding: 0pt; text-align: left">%</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Movement on investments in associates is as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 76%; text-align: justify">Opening balance</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">5,693</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">11,583</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding: 0pt 0pt 0pt 0.125in; text-align: justify">Opening balance adjustments for hyperinflation and effect of movements in exchange rates recognised in other comprehensive income</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">147</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,358</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: justify">Adjusted opening balance</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">5,840</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">12,941</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: justify">Share of associated companies’ financial results</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">(48</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">(227</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: justify">Investment properties fair value adjustment</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">257</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(7,021</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: justify">Share of profit (loss) from associates</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">209</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(7,248</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: justify">Ending balance</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">6,049</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">5,693</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The inflation in Lebanon has increased significantly in prior years, and the underlying quantitative and qualitative indicators following the deteriorating economic conditions and currency controls support the conclusion that Lebanon is a hyperinflationary economy.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Accordingly, for the purpose of the Group’s consolidated financial statements, the associates’ financial statements (which are based on historical cost approach, except for the investment properties which are measured at fair value) have been adjusted to be expressed in terms of the measuring unit current at the end of the reporting period by applying a general price index.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following tables include summarized information of the Group’s investments in associates for each year presented.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This information is presented on a 100% basis and reflects the adjustments made by the Group to the associated companies’ own results in applying the equity method of accounting. Adjustments to the carrying amounts are recognized for changes in the Group’s proportionate interests in the associates arising from changes in the associates’ equity that have not been recognized in the associates’ profit or loss. Changes include those arising from the revaluation of investment properties of the associates and provisions related to the income tax and social security contingencies that may arise on the associates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td colspan="18" style="padding: 0pt; font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding: 0pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Star Rock<br/> SAL<br/> Lebanon</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Sina SAL<br/> Lebanon</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Silver<br/> Rock SAL<br/> Lebanon</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Golden<br/> Rock SAL<br/> Lebanon</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Total</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 40%; text-align: left">Current assets</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">8</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">9</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">7</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">438</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">462</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: left">Non-current assets</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">1,999</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">1,390</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">2,231</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">14,585</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">20,205</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: left">Current liabilities</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">(25</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">(18</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">(30</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">(167</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">(240</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: left">Non-current liabilities</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(273</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(288</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(210</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(1,155</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(1,926</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: left">Net assets</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">1,709</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">1,093</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">1,998</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">13,701</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">18,501</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: left">The Group’s share of net assets</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">559</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">357</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">653</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">4,480</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">6,049</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt"> </td> <td colspan="18" style="padding: 0pt; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding: 0pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Star Rock<br/> SAL<br/> Lebanon</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Sina SAL<br/> Lebanon</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Silver <br/> Rock SAL<br/> Lebanon</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Golden<br/> Rock SAL<br/> Lebanon</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Total</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 40%; text-align: left">Current assets</td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">7</td><td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">11</td><td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">3</td><td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">344</td><td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">365</td><td style="padding: 0pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: left">Non-current assets</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">1,870</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">1,287</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">2,091</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">13,538</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">18,786</td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: left">Current liabilities</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">(120</td><td style="padding: 0pt; text-align: left">)</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">(148</td><td style="padding: 0pt; text-align: left">)</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">(29</td><td style="padding: 0pt; text-align: left">)</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">(182</td><td style="padding: 0pt; text-align: left">)</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">(479</td><td style="padding: 0pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: left">Non-current liabilities</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">(152</td><td style="padding: 0pt; text-align: left">)</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">(152</td><td style="padding: 0pt; text-align: left">)</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">(151</td><td style="padding: 0pt; text-align: left">)</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">(805</td><td style="padding: 0pt; text-align: left">)</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">(1,260</td><td style="padding: 0pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: left">Net assets</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">1,605</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">998</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">1,914</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">12,895</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">17,412</td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: left">The Group’s share of net assets</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">525</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">326</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">626</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">4,216</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">5,693</td><td style="padding: 0pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table includes summarized information of the Group’s share of profit (loss) from associates for years 2022, 2021 and 2020.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="18" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Star Rock SAL Lebanon</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Sina SAL Lebanon</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Silver Rock SAL Lebanon</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Golden Rock SAL Lebanon</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify; border-bottom: Black 1.5pt solid">Associates’ revenues and results:</td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; padding-left: 0pt">Revenues</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">4</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-179">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">6</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">526</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">536</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Net income</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">81</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">85</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">33</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">439</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">638</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt">The Group’s share of profit</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">26</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">28</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">11</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">144</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">209</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="18" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; border-bottom: Black 1.5pt solid">Associates’ revenues and results:</td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; padding-left: 0pt">Revenues</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">11</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-180">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">422</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">435</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Net loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,456</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,007</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,608</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(15,095</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(22,166</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt">The Group’s share of loss</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(803</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(656</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(853</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(4,936</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(7,248</td><td style="padding-bottom: 4pt; text-align: left">)</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="18" style="font-style: normal; border-bottom: Black 1.5pt solid; font-weight: normal; text-align: center"><b style="font-style: normal; font-weight: normal">2020</b></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; border-bottom: Black 1.5pt solid">Associates’ revenues and results:</td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; padding-left: 0pt">Revenues</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">47</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">4</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">41</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">750</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">842</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Net loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(492</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(340</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(620</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(3,071</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(4,523</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt">The Group’s share of loss</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(161</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(111</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(203</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(1,004</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(1,479</td><td style="padding-bottom: 4pt; text-align: left">)</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The associates’ main business is investing in investment properties located in Beirut, Lebanon. The investment properties of the associates are stated at fair value to bring the associated companies’ accounting policies in line with that of the Group’s. The fair values of the investment properties have been determined by management and in doing so, management has considered valuation performed by third party specialist. The valuation model used was in accordance with that recommended by the International Valuation Standards Committee. The investment properties are valued using the sales comparison approach. Under the sales comparison approach, a property’s fair value is estimated based on comparable transactions. The sales comparison approach is based upon the principle of substitution under which a potential buyer will not pay more for the property than it will cost to buy a comparable substitute property. The unit of comparison applied by the Group is the price per square meter (sqm) which represents the significant unobservable input used in the valuation process.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The real estate market in Lebanon has changed significantly since the onset of the financial crisis that affected the country. Due to the relatively limited information available under the prevailing market conditions, and as a result of artificial demand created by investors outside the professional real estate development industry, who primarily aim to divest from cash assets into more secure holdings, prices found on the market are uncertain. Furthermore, since the majority of property owners are only accepting payments in US Dollars and not in local Lebanese currency, demand for commercial buildings has dropped considerably. Accordingly, prices found on the market at year end 2022, including achieved sales prices, are only indicative and may not hold if the market were to be corrected.</p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All the investment properties generated rental income during the current year and the prior years, except for Sina SAL which did not generate rental income during 2022 and 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The sensitivity of the Group’s consolidated statement of income for the years 2022, 2021 and 2020 to the change in the price used for the valuation of the investment properties owned by the associates was as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="6" style="white-space: nowrap; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Impact on consolidated statement of <br/> income for the change in price per<br/> square meter</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">%</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Increase</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Decrease</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; font-weight: bold; text-align: left">2022</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 11%; font-weight: bold; text-align: center">+/- 20</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">1,480</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">(1,480</td><td style="width: 1%; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">2021</td><td> </td> <td style="text-align: center">+/- 20</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,511</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,511</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2020</td><td> </td> <td style="text-align: center">+/- 20</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,773</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,773</td><td style="text-align: left">)</td></tr> </table>
CY2022 igic Equity Ownership Percentage
EquityOwnershipPercentage
0.327 pure
CY2022 igic Disclosure Of Investments In Associated Companies Equity Method
DisclosureOfInvestmentsInAssociatedCompaniesEquityMethod
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-style: italic"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Country of<br/> incorporation</td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="6" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Ownership</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: center"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt"> </td> <td colspan="2" style="padding: 0pt; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding: 0pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 64%; font-style: italic; text-align: justify">Star Rock SAL Lebanon</td><td style="padding: 0pt; width: 1%; font-style: italic"> </td> <td style="padding: 0pt; width: 11%; font-style: italic; text-align: center">Lebanon</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">32.7</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left">%</td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">32.7</td><td style="padding: 0pt; width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; font-style: italic; text-align: justify">Sina SAL Lebanon</td><td style="padding: 0pt; font-style: italic"> </td> <td style="padding: 0pt; font-style: italic; text-align: center">Lebanon</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">32.7</td><td style="padding: 0pt; font-weight: bold; text-align: left">%</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">32.7</td><td style="padding: 0pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; font-style: italic; text-align: justify">Silver Rock SAL Lebanon</td><td style="padding: 0pt; font-style: italic"> </td> <td style="padding: 0pt; font-style: italic; text-align: center">Lebanon</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">32.7</td><td style="padding: 0pt; font-weight: bold; text-align: left">%</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">32.7</td><td style="padding: 0pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; font-style: italic; text-align: justify">Golden Rock SAL Lebanon</td><td style="padding: 0pt; font-style: italic"> </td> <td style="padding: 0pt; font-style: italic; text-align: center">Lebanon</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">32.7</td><td style="padding: 0pt; font-weight: bold; text-align: left">%</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">32.7</td><td style="padding: 0pt; text-align: left">%</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2022 ifrs-full Disclosure Of Composition Of Group Explanatory
DisclosureOfCompositionOfGroupExplanatory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: justify"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 76%; text-align: justify">Opening balance</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">5,693</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">11,583</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding: 0pt 0pt 0pt 0.125in; text-align: justify">Opening balance adjustments for hyperinflation and effect of movements in exchange rates recognised in other comprehensive income</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">147</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,358</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: justify">Adjusted opening balance</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">5,840</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">12,941</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: justify">Share of associated companies’ financial results</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">(48</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">(227</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: justify">Investment properties fair value adjustment</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">257</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(7,021</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: justify">Share of profit (loss) from associates</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">209</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(7,248</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: justify">Ending balance</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">6,049</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">5,693</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2021Q4 igic Investments Associates
InvestmentsAssociates
5693000 usd
CY2020Q4 igic Investments Associates
InvestmentsAssociates
11583000 usd
CY2022 igic Opening Balance Adjustments For Hyperinflation And Effect Of Movements In Exchange Rates Reco
OpeningBalanceAdjustmentsForHyperinflationAndEffectOfMovementsInExchangeRatesReco
147000 usd
CY2021 igic Opening Balance Adjustments For Hyperinflation And Effect Of Movements In Exchange Rates Reco
OpeningBalanceAdjustmentsForHyperinflationAndEffectOfMovementsInExchangeRatesReco
1358000 usd
CY2022 igic Adjusted Opening Balance
AdjustedOpeningBalance
5840000 usd
CY2021 igic Adjusted Opening Balance
AdjustedOpeningBalance
12941000 usd
CY2022 igic Shares Of Associated Companies Financial Results
SharesOfAssociatedCompaniesFinancialResults
-48000 usd
CY2021 igic Shares Of Associated Companies Financial Results
SharesOfAssociatedCompaniesFinancialResults
-227000 usd
CY2022 igic Investment Properties Fair Value Adjustments
InvestmentPropertiesFairValueAdjustments
257000 usd
CY2021 igic Investment Properties Fair Value Adjustments
InvestmentPropertiesFairValueAdjustments
-7021000 usd
CY2022Q4 igic Share Of Profitloss From Associates1
ShareOfProfitlossFromAssociates1
209000 usd
CY2021Q4 igic Share Of Profitloss From Associates1
ShareOfProfitlossFromAssociates1
-7248000 usd
CY2022Q4 igic Investments Associates
InvestmentsAssociates
6049000 usd
CY2021Q4 igic Investments Associates
InvestmentsAssociates
5693000 usd
CY2022 igic Reflects Adjustments Percentage
ReflectsAdjustmentsPercentage
1 pure
CY2022Q4 igic Current Asset
CurrentAsset
462000 usd
CY2022Q4 igic Noncurrent Asset
NoncurrentAsset
20205000 usd
CY2022Q4 igic Current Liabilities1
CurrentLiabilities1
-240000 usd
CY2022Q4 igic Investments In Associates Net Assets
InvestmentsInAssociatesNetAssets
-1926000 usd
CY2022Q4 ifrs-full Financial Assets Recognised As Of Acquisition Date
FinancialAssetsRecognisedAsOfAcquisitionDate
18501000 usd
CY2022Q4 igic Groups Share Of Net Assets
GroupsShareOfNetAssets
6049000 usd
CY2021Q4 igic Current Asset
CurrentAsset
365000 usd
CY2021Q4 igic Noncurrent Asset
NoncurrentAsset
18786000 usd
CY2021Q4 igic Current Liabilities1
CurrentLiabilities1
-479000 usd
CY2021Q4 igic Investments In Associates Net Assets
InvestmentsInAssociatesNetAssets
-1260000 usd
CY2021Q4 ifrs-full Financial Assets Recognised As Of Acquisition Date
FinancialAssetsRecognisedAsOfAcquisitionDate
17412000 usd
CY2021Q4 igic Groups Share Of Net Assets
GroupsShareOfNetAssets
5693000 usd
CY2022 ifrs-full Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments Explanatory
DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="18" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Star Rock SAL Lebanon</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Sina SAL Lebanon</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Silver Rock SAL Lebanon</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Golden Rock SAL Lebanon</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify; border-bottom: Black 1.5pt solid">Associates’ revenues and results:</td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; padding-left: 0pt">Revenues</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">4</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-179">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">6</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">526</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">536</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Net income</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">81</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">85</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">33</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">439</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">638</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt">The Group’s share of profit</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">26</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">28</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">11</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">144</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">209</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="18" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; border-bottom: Black 1.5pt solid">Associates’ revenues and results:</td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; padding-left: 0pt">Revenues</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">11</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-180">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">422</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">435</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Net loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,456</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,007</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,608</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(15,095</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(22,166</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt">The Group’s share of loss</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(803</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(656</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(853</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(4,936</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(7,248</td><td style="padding-bottom: 4pt; text-align: left">)</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="18" style="font-style: normal; border-bottom: Black 1.5pt solid; font-weight: normal; text-align: center"><b style="font-style: normal; font-weight: normal">2020</b></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; border-bottom: Black 1.5pt solid">Associates’ revenues and results:</td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; padding-left: 0pt">Revenues</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">47</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">4</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">41</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">750</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">842</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Net loss</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(492</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(340</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(620</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(3,071</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(4,523</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt">The Group’s share of loss</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(161</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(111</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(203</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(1,004</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(1,479</td><td style="padding-bottom: 4pt; text-align: left">)</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2022 ifrs-full Revenue
Revenue
536000 usd
CY2022 igic Profit Loss For The Year
ProfitLossForTheYear
638000 usd
CY2022 igic The Groups Share Of Profitloss
TheGroupsShareOfProfitloss
209000 usd
CY2021 ifrs-full Revenue
Revenue
435000 usd
CY2021 igic Profit Loss For The Year
ProfitLossForTheYear
-22166000 usd
CY2021 igic The Groups Share Of Profitloss
TheGroupsShareOfProfitloss
-7248000 usd
CY2020 ifrs-full Revenue
Revenue
842000 usd
CY2020 igic Profit Loss For The Year
ProfitLossForTheYear
-4523000 usd
CY2020 igic The Groups Share Of Profitloss
TheGroupsShareOfProfitloss
-1479000 usd
CY2022 igic Disclosue Of The Valuation Of The Investment Properties Owned By The Associates
DisclosueOfTheValuationOfTheInvestmentPropertiesOwnedByTheAssociates
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="6" style="white-space: nowrap; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Impact on consolidated statement of <br/> income for the change in price per<br/> square meter</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">%</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Increase</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Decrease</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; font-weight: bold; text-align: left">2022</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 11%; font-weight: bold; text-align: center">+/- 20</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">1,480</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">(1,480</td><td style="width: 1%; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">2021</td><td> </td> <td style="text-align: center">+/- 20</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,511</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,511</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2020</td><td> </td> <td style="text-align: center">+/- 20</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,773</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,773</td><td style="text-align: left">)</td></tr> </table>
CY2022 ifrs-full Disclosure Of Cash Flow Statement Explanatory
DisclosureOfCashFlowStatementExplanatory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="10" style="text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="10" style="text-align: center; border-bottom: Black 1.5pt solid">2020</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: center"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Gross</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Reinsurers’<br/> share</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Net</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Gross</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Reinsurers’<br/> share</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Net</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Gross</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Reinsurers’<br/> share</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Net</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: center"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD <br/> ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD<br/> ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD<br/> ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD<br/> ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD<br/> ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD<br/> ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD<br/> ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD<br/> ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD<br/> ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left"><i>At the beginning of the year</i></td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; width: 41.5%; text-align: left">Reported claims</td><td style="width: 0.5%; font-weight: bold"> </td> <td style="width: 0.5%; font-weight: bold; text-align: left"> </td><td style="width: 5%; font-weight: bold; text-align: right">306,946</td><td style="width: 0.5%; font-weight: bold; text-align: left"> </td><td style="width: 0.5%; font-weight: bold"> </td> <td style="width: 0.5%; font-weight: bold; text-align: left"> </td><td style="width: 5%; font-weight: bold; text-align: right">(120,323</td><td style="width: 0.5%; font-weight: bold; text-align: left">)</td><td style="width: 0.5%; font-weight: bold"> </td> <td style="width: 0.5%; font-weight: bold; text-align: left"> </td><td style="width: 5%; font-weight: bold; text-align: right">186,623</td><td style="width: 0.5%; font-weight: bold; text-align: left"> </td><td style="width: 0.5%"> </td> <td style="width: 0.5%; text-align: left"> </td><td style="width: 5%; text-align: right">312,334</td><td style="width: 0.5%; text-align: left"> </td><td style="width: 0.5%"> </td> <td style="width: 0.5%; text-align: left"> </td><td style="width: 5%; text-align: right">(160,373</td><td style="width: 0.5%; text-align: left">)</td><td style="width: 0.5%"> </td> <td style="width: 0.5%; text-align: left"> </td><td style="width: 5%; text-align: right">151,961</td><td style="width: 0.5%; text-align: left"> </td><td style="width: 0.5%"> </td> <td style="width: 0.5%; text-align: left"> </td><td style="width: 5%; text-align: right">292,722</td><td style="width: 0.5%; text-align: left"> </td><td style="width: 0.5%"> </td> <td style="width: 0.5%; text-align: left"> </td><td style="width: 5%; text-align: right">(163,191</td><td style="width: 0.5%; text-align: left">)</td><td style="width: 0.5%"> </td> <td style="width: 0.5%; text-align: left"> </td><td style="width: 5%; text-align: right">129,531</td><td style="width: 0.5%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Claims incurred but not reported</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">268,953</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(61,925</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">207,028</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">179,921</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(27,112</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">152,809</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">120,331</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(13,021</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">107,310</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">575,899</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(182,248</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">393,651</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">492,255</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(187,485</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">304,770</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">413,053</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(176,212</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">236,841</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Claims paid</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(176,608</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">71,004</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(105,604</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(119,722</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32,411</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(87,311</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(134,761</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">51,018</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(83,743</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; font-style: italic; text-align: left">Incurred claims*:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Provided during the year related to current accident year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">273,738</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(75,556</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">198,182</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">257,233</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(64,926</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">192,307</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">225,950</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(68,135</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">157,815</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">(Released) provided during the year related to previous accident years</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(38,459</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(2,023</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(40,482</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(53,867</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">37,752</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(16,115</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(11,987</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">5,844</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(6,143</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">235,279</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(77,579</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">157,700</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">203,366</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(27,174</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">176,192</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">213,963</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(62,291</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">151,672</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">At the end of the year</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">634,570</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(188,823</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">445,747</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">575,899</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(182,248</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">393,651</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">492,255</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(187,485</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">304,770</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; font-style: italic; text-align: left">At the end of the year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Reported claims</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">308,591</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(102,004</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">206,587</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">306,946</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(120,323</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">186,623</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">312,334</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(160,373</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">151,961</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Claims incurred but not reported</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">325,979</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(86,819</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">239,160</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">268,953</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(61,925</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">207,028</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">179,921</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(27,112</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">152,809</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">634,570</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(188,823</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">445,747</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">575,899</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(182,248</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">393,651</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">492,255</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(187,485</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">304,770</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0.25in; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td> <td style="text-align: justify; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The net claims and claim adjustment expenses include foreign exchange gain of USD 25,431 thousand (2021: gain of USD 6,131 thousand) (2020: loss of USD 5,744 thousand).</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
CY2022 ifrs-full Foreign Exchange Gain
ForeignExchangeGain
25431000 usd
CY2021 ifrs-full Foreign Exchange Gain
ForeignExchangeGain
6131000 usd
CY2020 ifrs-full Foreign Exchange Loss
ForeignExchangeLoss
5744000 usd
CY2022 ifrs-full Disclosure Of Operating Segments Explanatory
DisclosureOfOperatingSegmentsExplanatory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">All prior years</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2010</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2011</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2012</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2013</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2014</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2015</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2016</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2017</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2018</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2019</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2022</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Total</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">USD <br/> ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt; width: 17.5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">At end of accident year</span></td><td style="width: 0.5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">122,323</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">128,498</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">133,595</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">159,549</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">152,384</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">174,601</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">175,094</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">278,298</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">196,709</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">150,800</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">225,950</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">257,233</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">273,738</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="width: 0.5%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 4%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="width: 0.5%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">One year later</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">108,523</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">106,567</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">119,425</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">155,958</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">114,972</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">160,100</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">173,369</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">309,258</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">219,593</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">143,093</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">219,794</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">216,610</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Two years later</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">105,943</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">100,764</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">108,557</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">148,161</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">101,352</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">149,533</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">167,695</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">317,053</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">213,655</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">126,522</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">212,577</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Three years later</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">100,572</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">110,286</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">110,046</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">142,309</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">92,846</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">145,921</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">158,572</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">317,778</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">191,253</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">141,382</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Four years later</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">99,513</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">114,464</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">103,996</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">133,917</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">88,210</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">142,926</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">162,210</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">311,662</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">181,331</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Five years later</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">101,599</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">110,266</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">104,541</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">132,992</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">85,621</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">142,478</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">162,215</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">313,214</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Six years later</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">100,199</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">111,774</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">103,167</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">130,844</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">83,183</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">141,758</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">163,829</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Seven years later</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">100,303</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">110,644</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">97,918</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">130,616</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">82,709</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">142,306</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-181; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-182; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-183; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-184; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-185; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-186; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-187; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Eight years later</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">100,073</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">111,028</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">97,998</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">130,374</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">83,584</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-188; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-189; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-190; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-191; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-192; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-193; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-194; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-195; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Nine years later</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">100,120</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">111,198</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">98,088</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">128,905</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-196; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-197; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-198; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-199; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-200; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-201; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-202; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-203; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-204; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Ten years later</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">99,972</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">109,706</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">99,481</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-205; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-206; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-207; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-208; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-209; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-210; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-211; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-212; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-213; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-214; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Eleven years later</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">100,497</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">109,466</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-215; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-216; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-217; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-218; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-219; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-220; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-221; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-222; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-223; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-224; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-225; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Twelve years later</span></td><td style="padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">100,525</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-226; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-227; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-228; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-229; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-230; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-231; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-232; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-233; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-234; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-235; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-236; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-237; font-family: Times New Roman, Times, Serif; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Current estimate of cumulative claims incurred</span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">309,813</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">100,525</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">109,466</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">99,481</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">128,905</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">83,584</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">142,306</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">163,829</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">313,214</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">181,331</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">141,382</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">212,577</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">216,610</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">273,738</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">2,476,761</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Cumulative payments to date</span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">308,203</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">100,214</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">104,190</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">97,847</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">128,644</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">83,656</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">137,810</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">157,668</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">289,721</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">153,435</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">94,133</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">103,433</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">65,356</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">17,881</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">1,842,191</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt; text-indent: -10pt; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">Gross liability included in the consolidated statement of financial position</span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; font-style: italic; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt">634,570</span></td><td style="padding-bottom: 4pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">All prior years</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2010</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2011</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2012</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2013</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2014</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2015</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2016</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2017</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2018</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2019</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">2022</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">Total</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-size: 8pt">USD <br/> ’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt; width: 17.5%"><span style="font-size: 8pt">At end of accident year</span></td><td style="width: 0.5%"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; text-align: right"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">71,380</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">76,231</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">100,119</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">123,553</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">115,851</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">92,893</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">98,771</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">110,341</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">94,266</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">124,356</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">157,815</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">192,307</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">198,182</span></td><td style="width: 0.5%; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 4%; text-align: right"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">One year later</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">63,488</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">60,555</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">88,131</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">121,694</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">90,078</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">86,991</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">94,055</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">117,163</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">105,797</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">115,739</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">155,639</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">162,882</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Two years later</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">62,020</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">59,556</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">78,090</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">120,600</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">79,209</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">79,846</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">90,077</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">116,435</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">108,521</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">100,104</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">145,935</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Three years later</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">58,897</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">60,662</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">81,521</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">117,084</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">73,250</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">75,311</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">85,366</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">113,949</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">112,970</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">107,039</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Four years later</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">58,182</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">62,272</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">77,268</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">109,460</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">70,070</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">73,132</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">89,184</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">112,040</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">103,066</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Five years later</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">60,146</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">59,826</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">77,798</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">107,701</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">66,693</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">72,641</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">89,230</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">111,805</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Six years later</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">58,648</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">60,329</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">76,773</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">107,500</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">65,626</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">71,945</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">89,817</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-238; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-239; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-240; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-241; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-242; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-243; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Seven years later</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">58,726</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">58,084</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">71,644</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">107,269</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">65,482</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">72,372</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-244; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-245; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-246; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-247; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-248; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-249; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-250; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Eight years later</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">58,540</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">57,329</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">71,620</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">107,059</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">66,363</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-251; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-252; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-253; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-254; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-255; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-256; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-257; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-258; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Nine years later</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">58,590</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">57,425</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">71,745</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">105,598</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-259; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-260; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-261; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-262; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-263; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-264; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-265; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-266; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-267; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Ten years later</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">58,460</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">57,398</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">73,135</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-268; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-269; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-270; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-271; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-272; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-273; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-274; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-275; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-276; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-277; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Eleven years later</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">58,859</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">57,251</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-278; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-279; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-280; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-281; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-282; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-283; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-284; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-285; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-286; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-287; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-288; font-size: 8pt">-</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Twelve years later</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">58,882</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-289; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-290; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-291; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-292; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-293; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-294; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-295; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-296; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-297; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-298; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-299; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: right"><span style="-sec-ix-hidden: hidden-fact-300; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Current estimate of cumulative claims incurred</span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">198,161</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">58,882</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">57,251</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">73,135</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">105,598</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">66,363</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">72,372</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">89,817</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">111,805</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">103,066</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">107,039</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">145,935</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">162,882</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">198,182</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">1,550,488</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Cumulative payments to date</span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">196,772</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">58,616</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">55,660</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">71,567</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">105,394</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">65,750</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">69,390</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">85,190</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">99,912</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">83,850</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">74,434</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">70,647</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">52,682</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">14,877</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">1,104,741</span></td><td style="font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt; text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Net liability included in the consolidated statement of financial position</span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; font-style: italic; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; font-style: italic; text-align: right"><span style="font-size: 8pt">445,747</span></td><td style="padding-bottom: 4pt; font-weight: bold; font-style: italic; text-align: left"><span style="font-size: 8pt"> </span></td></tr> </table>
CY2022 ifrs-full Disclosure Of Insurance Premium Revenue Explanatory
DisclosureOfInsurancePremiumRevenueExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">8.</td><td style="text-align: justify">UNEARNED PREMIUMS</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 0pt; padding-right: 0pt; text-indent: -8pt; padding-left: 8pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="10" style="text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="10" style="text-align: center; border-bottom: Black 1.5pt solid">2020</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 0pt; padding-right: 0pt; text-indent: -8pt; padding-left: 8pt; text-align: center"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Gross</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Reinsurers’<br/> share</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Net</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Gross</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Reinsurers’<br/> share</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Net</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Gross</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Reinsurers’<br/> share</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Net</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 0pt; padding-right: 0pt; text-indent: -8pt; padding-left: 8pt; text-align: center"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 0pt; padding-right: 0pt; text-indent: -8pt; padding-left: 8pt; text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 0pt; padding-right: 0pt; text-align: justify; text-indent: -8pt; padding-left: 8pt">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">328,726</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">(64,124</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">264,602</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">277,268</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(50,077</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">227,191</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">206,214</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(33,917</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">172,297</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 0pt; padding-right: 0pt; text-align: justify; text-indent: -8pt; padding-left: 8pt">Premiums written</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">581,847</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(186,483</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">395,364</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">545,582</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(162,973</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">382,609</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">467,273</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(128,863</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">338,410</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0pt; text-align: justify; padding-bottom: 0pt; text-indent: -8pt; padding-left: 8pt">Premiums earned</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(556,541</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">180,088</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(376,453</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(494,124</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">148,926</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(345,198</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(396,219</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">112,703</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(283,516</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-right: 0pt; text-align: center; padding-bottom: 0pt; text-indent: -8pt; padding-left: 8pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">354,032</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(70,519</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">283,513</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">328,726</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(64,124</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">264,602</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">277,268</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(50,077</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">227,191</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022 ifrs-full Disclosure Of Earnings Per Share Explanatory
DisclosureOfEarningsPerShareExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">9.</td><td style="text-align: justify">DEFERRED EXCESS OF LOSS PREMIUMS</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The movement in deferred excess of loss premiums in the consolidated statement of financial position is as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">2020</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify; text-indent: -10pt; padding-left: 10pt">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">17,238</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">17,095</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">15,173</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">46,776</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">38,207</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">40,726</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 10pt">Charged to consolidated statement of income under reinsures’ share of insurance premiums</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(44,343</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(38,064</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(38,804</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-indent: -10pt; padding-left: 10pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">19,671</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">17,238</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">17,095</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022 ifrs-full Disclosure Of Deferred Taxes Explanatory
DisclosureOfDeferredTaxesExplanatory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">2020</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify; text-indent: -10pt; padding-left: 10pt">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">17,238</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">17,095</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">15,173</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10pt; padding-left: 10pt">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">46,776</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">38,207</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">40,726</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; text-indent: -10pt; padding-left: 10pt">Charged to consolidated statement of income under reinsures’ share of insurance premiums</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(44,343</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(38,064</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(38,804</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-indent: -10pt; padding-left: 10pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">19,671</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">17,238</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">17,095</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2021Q4 ifrs-full Deferred Acquisition Costs Arising From Insurance Contracts
DeferredAcquisitionCostsArisingFromInsuranceContracts
17238000 usd
CY2020Q4 ifrs-full Deferred Acquisition Costs Arising From Insurance Contracts
DeferredAcquisitionCostsArisingFromInsuranceContracts
17095000 usd
CY2019Q4 ifrs-full Deferred Acquisition Costs Arising From Insurance Contracts
DeferredAcquisitionCostsArisingFromInsuranceContracts
15173000 usd
CY2022 ifrs-full Additions Other Than Through Business Combinations Investment Property
AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty
46776000 usd
CY2021 ifrs-full Additions Other Than Through Business Combinations Investment Property
AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty
38207000 usd
CY2020 ifrs-full Additions Other Than Through Business Combinations Investment Property
AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty
40726000 usd
CY2022 ifrs-full Increase Decrease In Deferred Acquisition Costs Arising From Insurance Contracts
IncreaseDecreaseInDeferredAcquisitionCostsArisingFromInsuranceContracts
-44343000 usd
CY2021 ifrs-full Increase Decrease In Deferred Acquisition Costs Arising From Insurance Contracts
IncreaseDecreaseInDeferredAcquisitionCostsArisingFromInsuranceContracts
-38064000 usd
CY2020 ifrs-full Increase Decrease In Deferred Acquisition Costs Arising From Insurance Contracts
IncreaseDecreaseInDeferredAcquisitionCostsArisingFromInsuranceContracts
-38804000 usd
CY2022Q4 ifrs-full Deferred Acquisition Costs Arising From Insurance Contracts
DeferredAcquisitionCostsArisingFromInsuranceContracts
19671000 usd
CY2021Q4 ifrs-full Deferred Acquisition Costs Arising From Insurance Contracts
DeferredAcquisitionCostsArisingFromInsuranceContracts
17238000 usd
CY2020Q4 ifrs-full Deferred Acquisition Costs Arising From Insurance Contracts
DeferredAcquisitionCostsArisingFromInsuranceContracts
17095000 usd
CY2022 igic Deferred Policy Acquisition Costs Text Blcok
DeferredPolicyAcquisitionCostsTextBlcok
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">10.</td><td style="text-align: justify">DEFERRED POLICY ACQUISITION COSTS</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2020</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left; padding-left: 0pt">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">64,842</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">55,172</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">41,713</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Acquisition costs during the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">108,310</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">95,871</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">84,002</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Charged to consolidated statement of income</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(103,760</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(86,201</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(70,543</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; padding-left: 0pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">69,392</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">64,842</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">55,172</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2021Q4 igic Deferred Acquisition Costs Arising Contracts
DeferredAcquisitionCostsArisingContracts
64842000 usd
CY2020Q4 igic Deferred Acquisition Costs Arising Contracts
DeferredAcquisitionCostsArisingContracts
55172000 usd
CY2019Q4 igic Deferred Acquisition Costs Arising Contracts
DeferredAcquisitionCostsArisingContracts
41713000 usd
CY2022 ifrs-full Amounts Incurred Deferred Acquisition Costs Arising From Insurance Contracts
AmountsIncurredDeferredAcquisitionCostsArisingFromInsuranceContracts
108310000 usd
CY2021 ifrs-full Amounts Incurred Deferred Acquisition Costs Arising From Insurance Contracts
AmountsIncurredDeferredAcquisitionCostsArisingFromInsuranceContracts
95871000 usd
CY2020 ifrs-full Amounts Incurred Deferred Acquisition Costs Arising From Insurance Contracts
AmountsIncurredDeferredAcquisitionCostsArisingFromInsuranceContracts
84002000 usd
CY2022 igic Charged To Consolidated Income Statement Under Reinsures Share Of Insurance Premiums Restated
ChargedToConsolidatedIncomeStatementUnderReinsuresShareOfInsurancePremiumsRestated
-103760000 usd
CY2021 igic Charged To Consolidated Income Statement Under Reinsures Share Of Insurance Premiums Restated
ChargedToConsolidatedIncomeStatementUnderReinsuresShareOfInsurancePremiumsRestated
-86201000 usd
CY2020 igic Charged To Consolidated Income Statement Under Reinsures Share Of Insurance Premiums Restated
ChargedToConsolidatedIncomeStatementUnderReinsuresShareOfInsurancePremiumsRestated
-70543000 usd
CY2022Q4 igic Deferred Acquisition Costs Arising Contracts
DeferredAcquisitionCostsArisingContracts
69392000 usd
CY2021Q4 igic Deferred Acquisition Costs Arising Contracts
DeferredAcquisitionCostsArisingContracts
64842000 usd
CY2020Q4 igic Deferred Acquisition Costs Arising Contracts
DeferredAcquisitionCostsArisingContracts
55172000 usd
CY2022 ifrs-full Disclosure Of Other Current Assets Explanatory
DisclosureOfOtherCurrentAssetsExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">11.</td><td style="text-align: justify">OTHER ASSETS</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify; padding-left: 0pt">Accrued interest income</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">6,301</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">4,924</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Prepaid expenses</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,331</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,746</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Refundable deposits</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">124</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">123</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Employees receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">26</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Funds held in trust accounts</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,852</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,818</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Income tax receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">563</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">130</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Trade receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">313</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Investments proceeds receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">324</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Others</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">491</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">188</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">14,325</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">9,942</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The carrying values of the other assets above as at years ending 31 December 2022 and 2021 approximate fair value.</p>
CY2021 igic Aircraft Depreciation Allocated To Other Expenses
AircraftDepreciationAllocatedToOtherExpenses
-750000 usd
CY2020 igic Aircraft Depreciation Allocated To Other Expenses
AircraftDepreciationAllocatedToOtherExpenses
-632000 usd
CY2022 ifrs-full Depreciation And Amortisation Expense
DepreciationAndAmortisationExpense
3010000 usd
CY2022 ifrs-full Disclosure Of Redesignated Financial Assets And Liabilities Explanatory
DisclosureOfRedesignatedFinancialAssetsAndLiabilitiesExplanatory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify; padding-left: 0pt">Accrued interest income</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">6,301</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">4,924</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Prepaid expenses</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,331</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,746</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Refundable deposits</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">124</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">123</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Employees receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">26</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Funds held in trust accounts</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,852</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,818</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Income tax receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">563</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">130</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Trade receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">313</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Investments proceeds receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">324</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Others</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">491</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">188</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">14,325</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">9,942</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2022Q4 ifrs-full Current Accrued Income Including Current Contract Assets
CurrentAccruedIncomeIncludingCurrentContractAssets
6301000 usd
CY2021Q4 ifrs-full Current Accrued Income Including Current Contract Assets
CurrentAccruedIncomeIncludingCurrentContractAssets
4924000 usd
CY2022Q4 ifrs-full Current Prepaid Expenses
CurrentPrepaidExpenses
3331000 usd
CY2021Q4 ifrs-full Current Prepaid Expenses
CurrentPrepaidExpenses
1746000 usd
CY2022 igic Refundable Deposits
RefundableDeposits
124000 usd
CY2021 igic Refundable Deposits
RefundableDeposits
123000 usd
CY2022 igic Employees Receivables
EmployeesReceivables
26000 usd
CY2021 igic Employees Receivables
EmployeesReceivables
4000 usd
CY2022Q4 ifrs-full Investment Funds Amount Contributed To Fair Value Of Plan Assets
InvestmentFundsAmountContributedToFairValueOfPlanAssets
2852000 usd
CY2021Q4 ifrs-full Investment Funds Amount Contributed To Fair Value Of Plan Assets
InvestmentFundsAmountContributedToFairValueOfPlanAssets
2818000 usd
CY2022Q4 ifrs-full Receivables From Taxes Other Than Income Tax
ReceivablesFromTaxesOtherThanIncomeTax
563000 usd
CY2021Q4 ifrs-full Receivables From Taxes Other Than Income Tax
ReceivablesFromTaxesOtherThanIncomeTax
130000 usd
CY2022Q4 ifrs-full Trade Receivables
TradeReceivables
313000 usd
CY2021Q4 ifrs-full Trade Receivables
TradeReceivables
9000 usd
CY2022 igic Investments Proceeds Receivables
InvestmentsProceedsReceivables
324000 usd
CY2022Q4 ifrs-full Other Current Financial Assets
OtherCurrentFinancialAssets
491000 usd
CY2021Q4 ifrs-full Other Current Financial Assets
OtherCurrentFinancialAssets
188000 usd
CY2022Q4 ifrs-full Current Prepayments And Other Current Assets
CurrentPrepaymentsAndOtherCurrentAssets
14325000 usd
CY2021Q4 ifrs-full Current Prepayments And Other Current Assets
CurrentPrepaymentsAndOtherCurrentAssets
9942000 usd
CY2022 ifrs-full Disclosure Of Investment Property Explanatory
DisclosureOfInvestmentPropertyExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">12.</td><td style="text-align: justify">INVESTMENT PROPERTIES</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table includes summarized information of the Group’s investment properties:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="10" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Commercial<br/> building</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Lands*</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left; padding-left: 0pt">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">15,683</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">625</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">16,308</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-301">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Sale of investment properties</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-302">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(625</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(625</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Fair value adjustment (see note 23)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(574</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-303">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(574</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">15,119</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-304">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">15,119</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="10" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Commercial<br/> building</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Lands*</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Total</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left; padding-left: 0pt">Opening balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">18,168</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,844</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">20,012</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt">Additions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-305">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Sale of investment properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-306">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,128</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,128</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Transfer to property, premises and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,312</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-307">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,312</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Fair value adjustment (see note 23)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,209</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(91</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,300</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; padding-left: 0pt">Ending balance</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">15,683</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">625</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">16,308</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.25in; text-align: left">*</td><td style="text-align: justify">In 2021, included within the investment properties (see note 12) were lands with a total amount of USD 625 thousand registered in the name of a former Director of the Group. The Group had obtained a proxy and has full control over these investment properties. These investment properties were sold during 2022 (see note 27).</td> </tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In 2022, the Group sold the remaining plots with total carrying value of USD 625 thousand (2021: USD 1,128 thousand) and recognized a loss of USD 107 thousand (2021: loss of USD 8 thousand).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The fair values of investment properties have been determined by management and in doing so has considered a valuation performed by third parties who are specialists in valuing these types of investment properties. The valuation model used was in accordance with that recommended by the International Valuation Standards Committee. The investment properties are valued using the sales comparison approach. Under the sales comparison approach, a property’s fair value is estimated based on comparable transactions. The sales comparison approach is based upon the principle of substitution under which a potential buyer will not pay more for the property than it will cost to buy a comparable substitute property. The management believes that this valuation technique falls under level 3 of the fair value hierarchy since investment properties market is not very active.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The sensitivity of the Group financial statements to the change in the price used for the valuation of the investment properties was as the following:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">%</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Price per <br/> square meter</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; white-space: nowrap; font-style: italic; text-align: center">Impact on consolidated statement of income for<br/> the change in price per square meter</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Increase</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Decrease</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-style: italic; text-align: left">Commercial building</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 42%; font-weight: bold; text-align: left">2022</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 11%; font-weight: bold; text-align: center">+/- 10</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">845</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">1,511</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">(1,511</td><td style="width: 1%; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2021</td><td> </td> <td style="text-align: center">+/- 10</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">875</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,565</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,565</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2020</td><td> </td> <td style="text-align: center">+/- 10</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,016</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,816</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,816</td><td style="text-align: left">)</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">%</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Price per<br/> square meter</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="6" style="white-space: nowrap; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Impact on consolidated statement of income for<br/> the change in price per square meter</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2"> </td><td style="padding-bottom: 1.5pt"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Increase</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Decrease</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-style: italic; text-align: left">Lands</td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 42%; font-weight: bold; text-align: left">2022</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 11%; font-weight: bold; text-align: center">+/- 10</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-308">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-309">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-310">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2021</td><td> </td> <td style="text-align: center">+/- 10</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">168</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">62</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(62</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2020</td><td> </td> <td style="text-align: center">+/- 10</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">189</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">184</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(184</td><td style="text-align: left">)</td></tr> </table>
CY2022 igic Investment Properties Fair Value Used As Deemed Cost
InvestmentPropertiesFairValueUsedAsDeemedCost
16308000 usd
CY2022 igic Additions Other Than Through Business Combinations Investment Property1
AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty1
10000 usd
CY2022 ifrs-full Gains Losses On Disposals Of Investment Properties
GainsLossesOnDisposalsOfInvestmentProperties
-625000 usd
CY2022 igic Fair Value Adjustmentnote23
FairValueAdjustmentnote23
-574000 usd
CY2022 igic Investmentproperties
Investmentproperties
15119000 usd
CY2021 igic Investment Properties Fair Value Used As Deemed Cost
InvestmentPropertiesFairValueUsedAsDeemedCost
20012000 usd
CY2021 igic Additions Other Than Through Business Combinations Investment Property1
AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty1
36000 usd
CY2021 ifrs-full Gains Losses On Disposals Of Investment Properties
GainsLossesOnDisposalsOfInvestmentProperties
-1128000 usd
CY2021 igic Transfer To Property Premises And Equipment
TransferToPropertyPremisesAndEquipment
-1312000 usd
CY2021 igic Fair Value Adjustmentnote23
FairValueAdjustmentnote23
-1300000 usd
CY2021 igic Investmentproperties
Investmentproperties
16308000 usd
CY2021 ifrs-full Depreciation And Amortisation Expense
DepreciationAndAmortisationExpense
2813000 usd
CY2020 ifrs-full Depreciation And Amortisation Expense
DepreciationAndAmortisationExpense
1980000 usd
CY2022 igic Depreciated Property Premises And Equipment
DepreciatedPropertyPremisesAndEquipment
6408000 usd
CY2021 igic Depreciated Property Premises And Equipment
DepreciatedPropertyPremisesAndEquipment
5467000 usd
CY2022 ifrs-full Disclosure Of Intangible Assets Explanatory
DisclosureOfIntangibleAssetsExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">14.</td><td style="text-align: justify">INTANGIBLE ASSETS</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="14" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="14" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Computer<br/> software /<br/> licenses</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Work in<br/> progress</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Goodwill</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Computer<br/> software /<br/> licenses</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Work in<br/> progress</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Goodwill</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Cost</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 20%; text-align: left">Beginning balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 7%; font-weight: bold; text-align: right">7,437</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 7%; font-weight: bold; text-align: right">6</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 7%; font-weight: bold; text-align: right">41</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 7%; font-weight: bold; text-align: right">7,484</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 7%; text-align: right">6,584</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 7%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-339">   -</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 7%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-340">   -</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 7%; text-align: right">6,584</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">11</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">506</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-341">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">517</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">853</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">41</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">900</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Transfers</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">430</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(430</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-342">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-343">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-344">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-345">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-346">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-347">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">7,878</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">82</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">41</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">8,001</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">7,437</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">6</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">41</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">7,484</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left">Amortization and impairment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Beginning balance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,122</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-348">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">41</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,163</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,874</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-349">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-350">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,874</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,282</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-351">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-352">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,282</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,248</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-353">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-354">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,248</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Impairment loss (see note 34)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-355">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-356">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-357">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-358">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-359">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-360">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">41</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">41</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,404</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-361">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">41</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,445</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,122</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-362">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">41</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,163</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt">Net carrying amount</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,474</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">82</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-363">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,556</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">4,315</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">6</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-364">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">4,321</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022 ifrs-full Disclosure Of Detailed Information About Intangible Assets Explanatory
DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">14.</td><td style="text-align: justify">INTANGIBLE ASSETS</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="14" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="14" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Computer<br/> software /<br/> licenses</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Work in<br/> progress</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Goodwill</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Computer<br/> software /<br/> licenses</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Work in<br/> progress</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Goodwill</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Cost</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 20%; text-align: left">Beginning balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 7%; font-weight: bold; text-align: right">7,437</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 7%; font-weight: bold; text-align: right">6</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 7%; font-weight: bold; text-align: right">41</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 7%; font-weight: bold; text-align: right">7,484</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 7%; text-align: right">6,584</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 7%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-339">   -</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 7%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-340">   -</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 7%; text-align: right">6,584</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">11</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">506</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-341">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">517</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">853</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">41</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">900</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Transfers</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">430</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(430</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-342">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-343">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-344">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-345">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-346">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-347">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">7,878</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">82</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">41</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">8,001</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">7,437</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">6</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">41</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">7,484</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left">Amortization and impairment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Beginning balance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,122</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-348">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">41</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,163</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,874</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-349">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-350">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,874</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,282</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-351">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-352">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,282</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,248</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-353">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-354">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,248</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Impairment loss (see note 34)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-355">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-356">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-357">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-358">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-359">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-360">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">41</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">41</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,404</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-361">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">41</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,445</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,122</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-362">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">41</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,163</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt">Net carrying amount</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,474</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">82</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-363">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,556</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">4,315</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">6</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-364">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">4,321</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022 ifrs-full Disclosure Of Effect Of Change Of Investment Entity Status On Financial Statements Explanatory
DisclosureOfEffectOfChangeOfInvestmentEntityStatusOnFinancialStatementsExplanatory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">%</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Price per <br/> square meter</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; white-space: nowrap; font-style: italic; text-align: center">Impact on consolidated statement of income for<br/> the change in price per square meter</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Increase</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Decrease</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-style: italic; text-align: left">Commercial building</td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 42%; font-weight: bold; text-align: left">2022</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 11%; font-weight: bold; text-align: center">+/- 10</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">845</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">1,511</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right">(1,511</td><td style="width: 1%; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2021</td><td> </td> <td style="text-align: center">+/- 10</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">875</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,565</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,565</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2020</td><td> </td> <td style="text-align: center">+/- 10</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,016</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,816</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,816</td><td style="text-align: left">)</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">%</td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Price per<br/> square meter</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="6" style="white-space: nowrap; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Impact on consolidated statement of income for<br/> the change in price per square meter</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2"> </td><td style="padding-bottom: 1.5pt"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Increase</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">Decrease</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-style: italic; text-align: left">Lands</td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 42%; font-weight: bold; text-align: left">2022</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 11%; font-weight: bold; text-align: center">+/- 10</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-308">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-309">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 14%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-310">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2021</td><td> </td> <td style="text-align: center">+/- 10</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">168</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">62</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(62</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2020</td><td> </td> <td style="text-align: center">+/- 10</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">189</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">184</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(184</td><td style="text-align: left">)</td></tr> </table>
CY2022 ifrs-full Disclosure Of Property Plant And Equipment Explanatory
DisclosureOfPropertyPlantAndEquipmentExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">13.</td><td style="text-align: justify">PROPERTY, PREMISES AND EQUIPMENT</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-left: 10pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Office<br/> buildings</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Aircraft</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Office<br/> furniture</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Computers</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Equipment</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Leasehold<br/> improvements</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Vehicles</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Work in<br/> progress</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Right of use<br/> assets</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Total</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center; padding-left: 10pt"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold"><span style="font-size: 8pt">Cost</span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; width: 35%"><span style="font-size: 8pt">At 1 January 2022</span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">3,996</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">11,290</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,796</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,094</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">304</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,286</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,011</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">135</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">5,304</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">28,216</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Additions</span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">11</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-311; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">16</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">271</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-312; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">16</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">226</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">209</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">230</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">979</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Transfers</span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-313; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-314; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">10</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">143</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-315; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">26</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-316; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">(179</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-317; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-318; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Disposals</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-319; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-320; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(2</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(18</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(23</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-321; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(109</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(2</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-322; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(154</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 31 December 2022</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">4,007</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">11,290</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,820</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,490</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">281</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,328</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,128</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">163</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">5,534</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">29,041</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold"><span style="font-size: 8pt">Depreciation</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 1 January 2022</span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">958</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">4,518</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">1,407</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">1,769</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">287</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">1,385</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">918</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-323; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">2,115</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">13,357</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left"><span style="font-size: 8pt">Deprecation for the year</span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">64</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">903</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">70</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">243</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">7</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">233</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">71</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-324; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">797</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">2,388</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Disposals</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-325; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-326; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(2</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(18</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(23</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-327; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(109</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-328; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-329; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(152</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 31 December 2022</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,022</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">5,421</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,475</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,994</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">271</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,618</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">880</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-330; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,912</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">15,593</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">Net carrying amount</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold"><span style="font-size: 8pt">At 31 December 2022</span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,985</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">5,869</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">345</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">496</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">10</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">710</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">248</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">163</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,622</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">13,448</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Cost</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 1 January 2021</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">2,681</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">11,290</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,678</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,862</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">293</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,419</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,011</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">76</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">4,035</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">24,345</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Additions</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">4</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-331; font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">103</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">160</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">12</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">98</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-332; font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,109</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,269</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">2,755</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Transfers</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,311</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-333; font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">116</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">94</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">2</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">838</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-334; font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">(1,050</span></td><td style="text-align: left"><span style="font-size: 8pt">)</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-335; font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,311</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Disposals</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(101</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(22</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(3</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(69</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: hidden-fact-336; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: hidden-fact-337; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: hidden-fact-338; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(195</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 31 December 2021</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">3,996</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">11,290</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">1,796</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">2,094</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">304</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">2,286</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">1,011</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">135</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">5,304</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">28,216</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Depreciation</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 1 January 2021</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">923</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">3,615</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,440</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,605</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">284</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,318</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">871</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,121</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">11,177</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left"><span style="font-size: 8pt">Deprecation for the year</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">35</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">903</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">42</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">186</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">6</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">102</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">47</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">994</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">2,315</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Disposals</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(75</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(22</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(3</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(35</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(135</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 31 December 2021</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">958</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">4,518</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">1,407</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">1,769</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">287</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">1,385</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">918</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">2,115</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">13,357</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left"><span style="font-size: 8pt">Net carrying amount</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 31 December 2021</span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">3,038</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">6,772</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">389</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">325</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">17</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">901</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">93</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">135</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">3,189</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">14,859</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The depreciation of the aircraft for the year ended 31 December 2022 amounting to USD 903 thousand (2021: USD 903 thousand) (2020: USD 906 thousand) was allocated proportionally between the other expenses and general and administrative expenses based on the flight hours of chartered trips and business-related trips, respectively. The depreciation and amortization (see note 14) charges for the years 2022, 2021 and 2020 were allocated as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2020</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td><td style="text-align: center; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt"> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; width: 64%; text-align: left">Property, premises and equipment depreciation charge for the year</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">2,388</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,315</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,875</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Intangible assets amortization charge for the year (see note 14)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,282</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,248</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">737</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Aircraft depreciation allocated to other expenses (see note 24)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(660</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(750</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(632</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Total depreciation and amortization allocated to G&amp;A (see note 22)</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,010</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">2,813</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,980</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Fully depreciated property, premises and equipment still in use amounted to USD 6,408 thousand as at 31 December 2022 (2021: USD 5,467 thousand).</p>
CY2022 igic Schdule Of Property Premises And Equipment
SchduleOfPropertyPremisesAndEquipment
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-left: 10pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Office<br/> buildings</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Aircraft</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Office<br/> furniture</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Computers</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Equipment</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Leasehold<br/> improvements</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Vehicles</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Work in<br/> progress</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Right of use<br/> assets</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">Total</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center; padding-left: 10pt"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td><td style="white-space: nowrap; text-align: center; font-style: italic; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 8pt">USD ’000</span></td><td style="white-space: nowrap; text-align: center; padding-bottom: 1.5pt; font-style: italic"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold"><span style="font-size: 8pt">Cost</span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; width: 35%"><span style="font-size: 8pt">At 1 January 2022</span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">3,996</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">11,290</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,796</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,094</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">304</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,286</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,011</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">135</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">5,304</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 0.5%; font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 5%; font-weight: bold; text-align: right"><span style="font-size: 8pt">28,216</span></td><td style="width: 0.5%; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Additions</span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">11</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-311; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">16</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">271</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-312; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">16</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">226</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">209</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">230</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">979</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Transfers</span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-313; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-314; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">10</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">143</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-315; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">26</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-316; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">(179</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-317; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-318; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Disposals</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-319; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-320; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(2</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(18</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(23</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-321; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(109</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(2</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-322; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(154</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 31 December 2022</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">4,007</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">11,290</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,820</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,490</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">281</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,328</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,128</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">163</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">5,534</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">29,041</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold"><span style="font-size: 8pt">Depreciation</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 1 January 2022</span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">958</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">4,518</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">1,407</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">1,769</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">287</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">1,385</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">918</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-323; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">2,115</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">13,357</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left"><span style="font-size: 8pt">Deprecation for the year</span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">64</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">903</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">70</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">243</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">7</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">233</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">71</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-324; font-size: 8pt">-</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">797</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold"><span style="font-size: 8pt"> </span></td> <td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; text-align: right"><span style="font-size: 8pt">2,388</span></td><td style="font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Disposals</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-325; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-326; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(2</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(18</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(23</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-327; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(109</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-328; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-329; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">(152</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 31 December 2022</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,022</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">5,421</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,475</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,994</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">271</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">1,618</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">880</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: hidden-fact-330; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,912</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><span style="font-size: 8pt">15,593</span></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: left"><span style="font-size: 8pt">Net carrying amount</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold"><span style="font-size: 8pt">At 31 December 2022</span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,985</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">5,869</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">345</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">496</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">10</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">710</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">248</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">163</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">2,622</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-size: 8pt">13,448</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Cost</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 1 January 2021</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">2,681</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">11,290</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,678</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,862</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">293</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,419</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,011</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">76</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">4,035</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">24,345</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Additions</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">4</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-331; font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">103</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">160</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">12</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">98</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-332; font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,109</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,269</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">2,755</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Transfers</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,311</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-333; font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">116</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">94</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">2</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">838</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-334; font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">(1,050</span></td><td style="text-align: left"><span style="font-size: 8pt">)</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="-sec-ix-hidden: hidden-fact-335; font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,311</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Disposals</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(101</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(22</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(3</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(69</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: hidden-fact-336; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: hidden-fact-337; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-hidden: hidden-fact-338; font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(195</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 31 December 2021</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">3,996</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">11,290</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">1,796</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">2,094</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">304</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">2,286</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">1,011</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">135</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">5,304</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">28,216</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Depreciation</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 1 January 2021</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">923</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">3,615</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,440</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,605</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">284</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,318</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">871</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">1,121</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">11,177</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left"><span style="font-size: 8pt">Deprecation for the year</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">35</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">903</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">42</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">186</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">6</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">102</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">47</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">-</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">994</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">2,315</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">Disposals</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(75</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(22</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(3</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(35</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">(135</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt">)</span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 31 December 2021</span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">958</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">4,518</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">1,407</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">1,769</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">287</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">1,385</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">918</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">2,115</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-size: 8pt">13,357</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left"><span style="font-size: 8pt">Net carrying amount</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt"><span style="font-size: 8pt">At 31 December 2021</span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">3,038</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">6,772</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">389</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">325</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">17</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">901</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">93</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">135</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">3,189</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 4pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 4pt double; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 4pt double; text-align: right"><span style="font-size: 8pt">14,859</span></td><td style="padding-bottom: 4pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p>
CY2021Q4 igic Property Plant And Equipment Cost
PropertyPlantAndEquipmentCost
28216000 usd
CY2022 ifrs-full Additions Other Than Through Business Combinations Property Plant And Equipment
AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment
979000 usd
CY2022 ifrs-full Disposals Property Plant And Equipment
DisposalsPropertyPlantAndEquipment
154000 usd
CY2022Q4 igic Property Plant And Equipment Cost
PropertyPlantAndEquipmentCost
29041000 usd
CY2021Q4 igic Deprecation Amount
DeprecationAmount
13357000 usd
CY2022 ifrs-full Depreciation Property Plant And Equipment
DepreciationPropertyPlantAndEquipment
2388000 usd
CY2022 igic Deprecation Of Disposals
DeprecationOfDisposals
152000 usd
CY2022Q4 igic Deprecation Amount
DeprecationAmount
15593000 usd
CY2022Q4 ifrs-full Fair Value Of Property Plant And Equipment Materially Different From Carrying Amount
FairValueOfPropertyPlantAndEquipmentMateriallyDifferentFromCarryingAmount
13448000 usd
CY2020Q4 igic Property Plant And Equipment Cost
PropertyPlantAndEquipmentCost
24345000 usd
CY2021 ifrs-full Additions Other Than Through Business Combinations Property Plant And Equipment
AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment
2755000 usd
CY2021 ifrs-full Increase Decrease Through Transfers From Construction In Progress Property Plant And Equipment
IncreaseDecreaseThroughTransfersFromConstructionInProgressPropertyPlantAndEquipment
1311000 usd
CY2021 ifrs-full Disposals Property Plant And Equipment
DisposalsPropertyPlantAndEquipment
195000 usd
CY2021Q4 igic Property Plant And Equipment Cost
PropertyPlantAndEquipmentCost
28216000 usd
CY2020Q4 igic Deprecation Amount
DeprecationAmount
11177000 usd
CY2021 ifrs-full Depreciation Property Plant And Equipment
DepreciationPropertyPlantAndEquipment
2315000 usd
CY2021 igic Deprecation Of Disposals
DeprecationOfDisposals
135000 usd
CY2021Q4 igic Deprecation Amount
DeprecationAmount
13357000 usd
CY2021Q4 ifrs-full Fair Value Of Property Plant And Equipment Materially Different From Carrying Amount
FairValueOfPropertyPlantAndEquipmentMateriallyDifferentFromCarryingAmount
14859000 usd
CY2022 ifrs-full Increase Decrease Through Transfers And Other Changes Property Plant And Equipment
IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment
2388000 usd
CY2021 ifrs-full Increase Decrease Through Transfers And Other Changes Property Plant And Equipment
IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment
2315000 usd
CY2020 ifrs-full Increase Decrease Through Transfers And Other Changes Property Plant And Equipment
IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment
1875000 usd
CY2022 ifrs-full Amortisation Intangible Assets Other Than Goodwill
AmortisationIntangibleAssetsOtherThanGoodwill
1282000 usd
CY2021 ifrs-full Amortisation Intangible Assets Other Than Goodwill
AmortisationIntangibleAssetsOtherThanGoodwill
1248000 usd
CY2020 ifrs-full Amortisation Intangible Assets Other Than Goodwill
AmortisationIntangibleAssetsOtherThanGoodwill
737000 usd
CY2022 igic Aircraft Depreciation Allocated To Other Expenses
AircraftDepreciationAllocatedToOtherExpenses
-660000 usd
CY2021Q4 igic Treasurys Share
TreasurysShare
shares
CY2022Q4 igic Intangible Assets Other Than Goodwill Net Carrying Amount
IntangibleAssetsOtherThanGoodwillNetCarryingAmount
3556000 usd
CY2021Q4 igic Intangible Assets Other Than Goodwill Net Carrying Amount
IntangibleAssetsOtherThanGoodwillNetCarryingAmount
4321000 usd
CY2022 ifrs-full Disclosure Of Insurance Contracts Explanatory
DisclosureOfInsuranceContractsExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">15.</td><td style="text-align: justify">INSURANCE PAYABLES</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify">Payables due to insurance companies and intermediaries</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">8,746</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">5,004</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Reinsurers – amounts due in respect of ceded premium</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">78,066</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">84,515</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">86,812</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">89,519</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022 ifrs-full Disclosure Of Financial Liabilities Explanatory
DisclosureOfFinancialLiabilitiesExplanatory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify">Payables due to insurance companies and intermediaries</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">8,746</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">5,004</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Reinsurers – amounts due in respect of ceded premium</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">78,066</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">84,515</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">86,812</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">89,519</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022Q4 ifrs-full Receivables And Payables Related To Insurance Contracts
ReceivablesAndPayablesRelatedToInsuranceContracts
8746000 usd
CY2021Q4 ifrs-full Receivables And Payables Related To Insurance Contracts
ReceivablesAndPayablesRelatedToInsuranceContracts
5004000 usd
CY2022Q4 ifrs-full Assets Under Reinsurance Ceded
AssetsUnderReinsuranceCeded
78066000 usd
CY2021Q4 ifrs-full Assets Under Reinsurance Ceded
AssetsUnderReinsuranceCeded
84515000 usd
CY2022Q4 igic Insurance Payables
InsurancePayables
86812000 usd
CY2021Q4 igic Insurance Payables
InsurancePayables
89519000 usd
CY2021 ifrs-full Disclosure Of Other Liabilities Explanatory
DisclosureOfOtherLiabilitiesExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">16.</td><td style="text-align: justify">OTHER LIABILITIES</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Accounts payable</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">10,234</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">11,259</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Accrued expenses and other accruals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">14,674</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,773</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Lease liabilities*</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,074</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,753</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Income tax payable</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,114</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,254</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">29,096</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">29,039</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0%"/><td style="width: 0.25in">*</td><td style="text-align: justify">Set out below are the carrying amount of the Group’s lease liabilities and the movement during the year:</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; font-weight: bold; text-align: left">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">3,753</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,954</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">230</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,269</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense (see note 22)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">132</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">358</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Payments</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,041</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(783</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Foreign currency adjustment</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(45</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,074</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">3,753</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Current</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">986</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,001</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Non-current</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,088</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,752</td><td style="text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group used discount rates ranging between 2.8%-6.0% (2021: 1.5%-4.1%) and the amount of the undiscounted lease liabilities was USD 3,216 thousand as at 31 December 2022 (2021: USD 4,142 thousand).</p>
CY2022Q4 ifrs-full Trade And Other Current Payables
TradeAndOtherCurrentPayables
10234000 usd
CY2021Q4 ifrs-full Trade And Other Current Payables
TradeAndOtherCurrentPayables
11259000 usd
CY2022Q4 ifrs-full Current Accrued Expenses And Other Current Liabilities
CurrentAccruedExpensesAndOtherCurrentLiabilities
14674000 usd
CY2021Q4 ifrs-full Current Accrued Expenses And Other Current Liabilities
CurrentAccruedExpensesAndOtherCurrentLiabilities
12773000 usd
CY2022Q4 ifrs-full Lease Liabilities
LeaseLiabilities
3074000 usd
CY2021Q4 ifrs-full Lease Liabilities
LeaseLiabilities
3753000 usd
CY2022Q4 igic Income Tax Payable
IncomeTaxPayable
1114000 usd
CY2021Q4 igic Income Tax Payable
IncomeTaxPayable
1254000 usd
CY2022Q4 igic Other Lease Liabilities
OtherLeaseLiabilities
29096000 usd
CY2021Q4 igic Other Lease Liabilities
OtherLeaseLiabilities
29039000 usd
CY2022 igic Schedule Of Undiscounted Lease Liabilities
ScheduleOfUndiscountedLeaseLiabilities
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; font-weight: bold; text-align: left">Opening balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">3,753</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,954</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Additions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">230</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,269</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Interest expense (see note 22)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">132</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">358</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Payments</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,041</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(783</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Foreign currency adjustment</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(45</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,074</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">3,753</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Current</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">986</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,001</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Non-current</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,088</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,752</td><td style="text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2021Q4 igic Other Liabilities Balance
OtherLiabilitiesBalance
3753000 usd
CY2020Q4 igic Other Liabilities Balance
OtherLiabilitiesBalance
2954000 usd
CY2022 igic Other Liabilities Additions
OtherLiabilitiesAdditions
230000 usd
CY2021 igic Other Liabilities Additions
OtherLiabilitiesAdditions
1269000 usd
CY2022 igic Other Liabilities Interest Expense
OtherLiabilitiesInterestExpense
132000 usd
CY2021 igic Other Liabilities Interest Expense
OtherLiabilitiesInterestExpense
358000 usd
CY2022 igic Other Liabilities Payments
OtherLiabilitiesPayments
-1041000 usd
CY2021 igic Other Liabilities Payments
OtherLiabilitiesPayments
-783000 usd
CY2021 igic Other Liabilities Foreign Currency Adjustment
OtherLiabilitiesForeignCurrencyAdjustment
-45000 usd
CY2022Q4 igic Other Liabilities Balance
OtherLiabilitiesBalance
3074000 usd
CY2021Q4 igic Other Liabilities Balance
OtherLiabilitiesBalance
3753000 usd
CY2022Q4 ifrs-full Other Current Liabilities
OtherCurrentLiabilities
986000 usd
CY2021Q4 ifrs-full Other Current Liabilities
OtherCurrentLiabilities
1001000 usd
CY2022Q4 ifrs-full Noncurrent Lease Liabilities
NoncurrentLeaseLiabilities
2088000 usd
CY2021Q4 ifrs-full Noncurrent Lease Liabilities
NoncurrentLeaseLiabilities
2752000 usd
CY2022Q4 igic Undiscounted Lease Liabilities
UndiscountedLeaseLiabilities
3216000 usd
CY2021Q4 igic Undiscounted Lease Liabilities
UndiscountedLeaseLiabilities
4142000 usd
CY2022 igic Schedule Of Private Warrants During The Period
ScheduleOfPrivateWarrantsDuringThePeriod
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">17.</td><td style="text-align: justify">DERVIATIVE FINANCIAL LIABILITY</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt"> </td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding: 0pt; font-weight: bold; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt"> </td><td style="padding: 0pt"> </td> <td colspan="2" style="padding: 0pt"> </td><td style="padding: 0pt"> </td><td style="padding: 0pt"> </td> <td colspan="2" style="padding: 0pt"> </td><td style="padding: 0pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 76%; text-align: justify">Fair value of Warrants at the beginning of the year</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">12,938</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%"> </td> <td style="padding: 0pt; width: 1%; text-align: left"> </td><td style="padding: 0pt; width: 9%; text-align: right">13,628</td><td style="padding: 0pt; width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: justify">Change in fair value for the year</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(2,933</td><td style="padding: 0pt; font-weight: bold; text-align: left">)</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">(690</td><td style="padding: 0pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; font-weight: bold; text-align: justify">Fair value of Warrants at the end of the year</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">10,005</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">12,938</td><td style="padding: 0pt; text-align: left"> </td></tr> </table>
CY2020Q1 igic Change In Fair Values Of Derivative Financial Liability
ChangeInFairValuesOfDerivativeFinancialLiability
9210000 usd
CY2022 igic Correction In Accounting Of Private Warrants On A Prospective Basis
CorrectionInAccountingOfPrivateWarrantsOnAProspectiveBasis
12938000 usd
CY2021 igic Correction In Accounting Of Private Warrants On A Prospective Basis
CorrectionInAccountingOfPrivateWarrantsOnAProspectiveBasis
13628000 usd
CY2022 igic Total Change In Fair Value Recorded In The Interim Condensed Consolidated Statement Of Income
TotalChangeInFairValueRecordedInTheInterimCondensedConsolidatedStatementOfIncome
-2933000 usd
CY2021 igic Total Change In Fair Value Recorded In The Interim Condensed Consolidated Statement Of Income
TotalChangeInFairValueRecordedInTheInterimCondensedConsolidatedStatementOfIncome
-690000 usd
CY2022 igic Fair Value Of Private Warrants At The End Of The Period
FairValueOfPrivateWarrantsAtTheEndOfThePeriod
10005000 usd
CY2021 igic Fair Value Of Private Warrants At The End Of The Period
FairValueOfPrivateWarrantsAtTheEndOfThePeriod
12938000 usd
CY2022 igic Disclosure Of Detailed Information Of Movement In Unearned Commissions
DisclosureOfDetailedInformationOfMovementInUnearnedCommissions
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2020</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; padding-left: 0pt">As at 1 January</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">13,725</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">11,038</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">8,910</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Commissions received</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">36,598</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,722</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,181</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Commissions earned</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(33,515</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(23,035</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(16,053</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; padding-left: 0pt">As at 31 December</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">16,808</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">13,725</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">11,038</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2021Q4 igic Unearned Commissions
UnearnedCommissions
13725000 usd
CY2020Q4 igic Unearned Commissions
UnearnedCommissions
11038000 usd
CY2019Q4 igic Unearned Commissions
UnearnedCommissions
8910000 usd
CY2022 ifrs-full Fee And Commission Expense
FeeAndCommissionExpense
36598000 usd
CY2021 ifrs-full Fee And Commission Expense
FeeAndCommissionExpense
25722000 usd
CY2020 ifrs-full Fee And Commission Expense
FeeAndCommissionExpense
18181000 usd
CY2022 ifrs-full Fee And Commission Income
FeeAndCommissionIncome
33515000 usd
CY2021 ifrs-full Fee And Commission Income
FeeAndCommissionIncome
23035000 usd
CY2020 ifrs-full Fee And Commission Income
FeeAndCommissionIncome
16053000 usd
CY2022Q4 igic Unearned Commissions
UnearnedCommissions
16808000 usd
CY2021Q4 igic Unearned Commissions
UnearnedCommissions
13725000 usd
CY2020Q4 igic Unearned Commissions
UnearnedCommissions
11038000 usd
CY2022 ifrs-full Disclosure Of Share Capital Reserves And Other Equity Interest Explanatory
DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">19.</td><td style="text-align: justify">EQUITY</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Common shares</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">According to the Company’s Bye-laws, the authorized share capital of the Group consists of 750,000,000 common shares, par value USD 0.01 per share, and 100,000,000 preference shares, par value USD 0.01 per share. As at 31 December 2022, the issued share capital was 48,986,609 (31 December 2021: 48,880,441) (including 3,012,500 common shares (“Earnout Shares”) subject to vesting but which are issued and outstanding for purposes of voting and receipt of dividends), and no preference shares issued and outstanding. All of the issued and outstanding common shares are fully paid.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table sets out the number of common shares issued and outstanding as at 31 December 2022 and 2021:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">No. of shares</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Par value</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: right"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify; padding-left: 0pt">Common shares (par value of USD 0.01)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">45,306,928</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">453</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Earnout shares* (par value of USD 0.01)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,012,500</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">30</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Restricted shares awards (par value of USD 0.01) (see note 32)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">667,181</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">7</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 4pt; padding-left: 0pt">Common shares issued</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">48,986,609</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">490</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">No. of shares</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Par value</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: right"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify; padding-left: 0pt">Common shares (par value of USD 0.01)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">45,471,084</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">455</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Earnout shares* (par value of USD 0.01)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,012,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: justify; padding-left: 0pt">Restricted shares awards (par value of USD 0.01) (see note 32)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">396,857</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-align: justify; padding-left: 0pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">48,880,441</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">489</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.25in; text-align: left">*</td><td style="text-align: justify">The Earnout Shares are subject to vesting at stock prices ranges from USD 11.50 to 15.25. The Earnout Shares are considered outstanding shares and have dividend and voting rights, however, the Earnout Shares are non-transferable by their holders until they vest and, if the Earnout Shares do not vest on or prior to 17 March 2028, they will be cancelled by the Company.</td> </tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fair value reserve</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The movement of this item is as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; width: 64%; text-align: justify; padding-left: 0.125in">Balance at the beginning of the year</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">8,215</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">18,160</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">4,274</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; text-align: left; padding-left: 0.125in">Net change in fair value reserve during the year for bonds at fair value through OCI, net of tax</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(45,135</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(9,240</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,481</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; text-align: left; padding-left: 0.125in">Net change in fair value reserve during the year for equities at fair value through OCI</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(1,940</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(819</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(71</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; text-align: left; padding-left: 0.125in">Realized gain on sale of equities at fair value through other comprehensive income</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">19</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-365">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,341</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-indent: -0.125in; text-align: left; padding-left: 0.125in">ECL (release) charge transferred to consolidated statement of income</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(138</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">114</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">135</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-indent: -0.125in; text-align: justify; padding-left: 0.125in">Balance at the end of the year</td><td style="padding-bottom: 4pt; font-weight: bold"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(38,979</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">8,215</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">18,160</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Foreign currency translation reserve</p><p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foreign currency translation reserve is used to record the exchange difference arising from the translation of the financial statements of foreign subsidiaries and associates to the Group’s functional currency.</p>
CY2021 ifrs-full Increase Decrease In Number Of Shares Outstanding
IncreaseDecreaseInNumberOfSharesOutstanding
48880441 shares
CY2022 igic Disclosure Of Number Of Common Shares Issued And Outstanding Explantory
DisclosureOfNumberOfCommonSharesIssuedAndOutstandingExplantory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">No. of shares</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Par value</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: right"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify; padding-left: 0pt">Common shares (par value of USD 0.01)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">45,306,928</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">453</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Earnout shares* (par value of USD 0.01)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,012,500</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">30</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Restricted shares awards (par value of USD 0.01) (see note 32)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">667,181</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">7</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 4pt; padding-left: 0pt">Common shares issued</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">48,986,609</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">490</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">No. of shares</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Par value</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: right"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify; padding-left: 0pt">Common shares (par value of USD 0.01)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">45,471,084</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">455</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Earnout shares* (par value of USD 0.01)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,012,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; text-align: justify; padding-left: 0pt">Restricted shares awards (par value of USD 0.01) (see note 32)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">396,857</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-align: justify; padding-left: 0pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">48,880,441</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">489</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.25in; text-align: left">*</td><td style="text-align: justify">The Earnout Shares are subject to vesting at stock prices ranges from USD 11.50 to 15.25. The Earnout Shares are considered outstanding shares and have dividend and voting rights, however, the Earnout Shares are non-transferable by their holders until they vest and, if the Earnout Shares do not vest on or prior to 17 March 2028, they will be cancelled by the Company.</td> </tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p>
CY2022Q4 igic Common Shares Par Value Per Share
CommonSharesParValuePerShare
0.01
CY2022Q4 igic Common Shares
CommonShares
45306928 shares
CY2022Q4 igic Common Share Value
CommonShareValue
453000 usd
CY2022Q4 igic Earnout Shares Par Value Per Share
EarnoutSharesParValuePerShare
0.01
CY2022Q4 igic Earnout Shares No Of Shares
EarnoutSharesNoOfShares
3012500 shares
CY2022Q4 igic Earnout Sharespar Value Of Usd001 Par Value
EarnoutSharesparValueOfUSD001ParValue
30 shares
CY2022Q4 igic Restricted Shares Awards Par Value Per Share
RestrictedSharesAwardsParValuePerShare
0.01
CY2022Q4 igic Restricted Shares Awards
RestrictedSharesAwards
667181 shares
CY2022Q4 igic Restricted Shares Awards Value
RestrictedSharesAwardsValue
7000 usd
CY2022Q4 igic Total Shares No Of Shares
TotalSharesNoOfShares
48986609 shares
CY2022Q4 igic Total Shares Par Valuein Dollars Per Share
TotalSharesParValueinDollarsPerShare
490 shares
CY2021Q4 igic Common Shares Par Value Per Share
CommonSharesParValuePerShare
0.01
CY2021Q4 igic Common Shares
CommonShares
45471084 shares
CY2021Q4 igic Common Share Value
CommonShareValue
455000 usd
CY2021Q4 igic Earnout Shares Par Value Per Share
EarnoutSharesParValuePerShare
0.01
CY2021Q4 igic Earnout Shares No Of Shares
EarnoutSharesNoOfShares
3012500 shares
CY2021Q4 igic Earnout Sharespar Value Of Usd001 Par Value
EarnoutSharesparValueOfUSD001ParValue
30 shares
CY2021Q4 igic Restricted Shares Awards Par Value Per Share
RestrictedSharesAwardsParValuePerShare
0.01
CY2021Q4 igic Restricted Shares Awards
RestrictedSharesAwards
396857 shares
CY2021Q4 igic Restricted Shares Awards Value
RestrictedSharesAwardsValue
4000 usd
CY2021Q4 igic Total Shares No Of Shares
TotalSharesNoOfShares
48880441 shares
CY2021Q4 igic Total Shares Par Valuein Dollars Per Share
TotalSharesParValueinDollarsPerShare
489 shares
CY2022 igic Purchases Of Treasury Share
PurchasesOfTreasuryShare
310542 shares
CY2022 ifrs-full Purchase Of Treasury Shares
PurchaseOfTreasuryShares
2394000 usd
CY2022 igic Cancellation Of Treasury Share
CancellationOfTreasuryShare
-308874 shares
CY2022 igic Amount Of Purchases Cancellation
AmountOfPurchasesCancellation
2380000 usd
CY2021Q4 igic Fair Value Reserve
FairValueReserve
8215000 usd
CY2020Q4 igic Fair Value Reserve
FairValueReserve
18160000 usd
CY2019Q4 igic Fair Value Reserve
FairValueReserve
4274000 usd
CY2022 igic Net Change In Fair Value Reserve For Bonds At Fair Value
NetChangeInFairValueReserveForBondsAtFairValue
-45135000 usd
CY2021 igic Net Change In Fair Value Reserve For Bonds At Fair Value
NetChangeInFairValueReserveForBondsAtFairValue
-9240000 usd
CY2020 igic Net Change In Fair Value Reserve For Bonds At Fair Value
NetChangeInFairValueReserveForBondsAtFairValue
11481000 usd
CY2022 igic Net Change In Fair Value Reserve For Equities At Fair Value
NetChangeInFairValueReserveForEquitiesAtFairValue
-1940000 usd
CY2021 igic Net Change In Fair Value Reserve For Equities At Fair Value
NetChangeInFairValueReserveForEquitiesAtFairValue
-819000 usd
CY2020 igic Net Change In Fair Value Reserve For Equities At Fair Value
NetChangeInFairValueReserveForEquitiesAtFairValue
-71000 usd
CY2022 igic Realized Gain On Sale Of Equities At Fair Value Through Other Comprehensive Income
RealizedGainOnSaleOfEquitiesAtFairValueThroughOtherComprehensiveIncome
19000 usd
CY2020 igic Realized Gain On Sale Of Equities At Fair Value Through Other Comprehensive Income
RealizedGainOnSaleOfEquitiesAtFairValueThroughOtherComprehensiveIncome
2341000 usd
CY2022 igic Ecl Transferred To Income Statement
EclTransferredToIncomeStatement
-138000 usd
CY2021 igic Ecl Transferred To Income Statement
EclTransferredToIncomeStatement
114000 usd
CY2020 igic Ecl Transferred To Income Statement
EclTransferredToIncomeStatement
135000 usd
CY2022Q4 igic Fair Value Reserve
FairValueReserve
-38979000 usd
CY2021Q4 igic Fair Value Reserve
FairValueReserve
8215000 usd
CY2020Q4 igic Fair Value Reserve
FairValueReserve
18160000 usd
CY2022 ifrs-full Disclosure Of Treasury Shares Explanatory
DisclosureOfTreasurySharesExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">20.</td><td style="text-align: justify">TREASURY SHARES</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The former general shareholders of International General Insurance Holdings Limited - Dubai approved in its extraordinary meeting dated 24 November 2013 the purchase of the company’s own shares up to 15% of the issued shares and to be treated as treasury shares in accordance with the applicable DIFC laws and regulations. Pursuant to the above authorization, 2,350 thousand treasury shares were purchased during 2019 which were recorded at an amount of USD 5,053 thousand. Total treasury shares amount as at 31 December 2019 was USD 20,103 thousand. During 2020, Treasury shares were eliminated as part of the Business Combination Agreement.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On 23 May 2022, the Group announced that the Board of Directors has approved a repurchase authorization of up to 5 million of its issued and outstanding common shares. This authorization, which does not have an expiration date, replaced the Group’s prior authorization of an aggregate consideration of up to USD 5,000 thousand, which was terminated. The table below illustrates the movement on the treasury shares during the year:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Number of shares</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Balance at the beginning of the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-366">-</div></td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-367">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="width: 76%; padding-left: 0pt">Purchases</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">310,542</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">2,394</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 0pt">Cancellation</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(308,874</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(2,380</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; text-align: justify; padding-left: 0pt">Balance at the end of the year</td><td style="padding-bottom: 4pt; font-weight: bold"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,668</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt; font-weight: bold"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">14</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table>
CY2013Q4 igic Percentage Of Owned Shares
PercentageOfOwnedShares
0.15 pure
CY2019 igic Treasury Shares Authorised
TreasurySharesAuthorised
2350000 shares
CY2019 igic Total Treasury Shares Amount
TotalTreasurySharesAmount
5053000 usd
CY2019 igic Fair Value Of Treasury Shares
FairValueOfTreasuryShares
20103000 usd
CY2022Q2 ifrs-full Consideration Paid Received
ConsiderationPaidReceived
5000000 usd
CY2022Q4 igic Treasurys Share
TreasurysShare
1668 shares
CY2022Q4 ifrs-full Treasury Shares
TreasuryShares
14000 usd
CY2022 ifrs-full Disclosure Of Cash And Cash Equivalents Explanatory
DisclosureOfCashAndCashEquivalentsExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">21.</td><td style="text-align: justify">CASH DIVIDENDS</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Cash dividends declared and paid:</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Board of Directors resolv<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ed to pay the following dividends for the years 2022, 2021 and 2020:</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On 14 November 2022: USD 491 thousand (Dividend per share: USD 0.01)</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On 18 August 2022: USD 492 thousand (Dividend per share: USD 0.01)</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On 19 May 2022: USD 493 thousand (Dividend per share: USD 0.01)</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On 24 March 2022: USD 9,338 thousand (Dividend per share: USD 0.19)</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On 12 August 2021: USD 7,821 thousand (Dividend per share: USD 0.16)</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On 25 March 2021: USD 8,288 thousand (Dividend per share: USD 0.17)</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On 13 August 2020: USD 4,360 thousand (Dividend per share: USD 0.09)</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">There are no cash dividends d</span>eclared but not paid as at 31 December 2022, 2021 and 2020.</p>
CY2022Q4 ifrs-full Dividends Paid Other Shares
DividendsPaidOtherShares
491000 usd
CY2022Q4 ifrs-full Dividends Paid Other Shares Per Share
DividendsPaidOtherSharesPerShare
0.01
CY2022Q3 ifrs-full Dividends Paid Other Shares
DividendsPaidOtherShares
492000 usd
CY2022Q3 ifrs-full Dividends Paid Other Shares Per Share
DividendsPaidOtherSharesPerShare
0.01
CY2022Q2 ifrs-full Dividends Paid Other Shares
DividendsPaidOtherShares
493000 usd
CY2022Q2 ifrs-full Dividends Paid Other Shares Per Share
DividendsPaidOtherSharesPerShare
0.01
CY2021Q1 ifrs-full Dividends Paid Other Shares
DividendsPaidOtherShares
9338000 usd
CY2021Q1 ifrs-full Dividends Paid Other Shares Per Share
DividendsPaidOtherSharesPerShare
0.19
CY2021Q3 ifrs-full Dividends Paid Other Shares
DividendsPaidOtherShares
7821000 usd
CY2021Q3 ifrs-full Dividends Paid Other Shares Per Share
DividendsPaidOtherSharesPerShare
0.16
CY2021Q1 ifrs-full Dividends Paid Other Shares
DividendsPaidOtherShares
8288000 usd
CY2021Q1 ifrs-full Dividends Paid Other Shares Per Share
DividendsPaidOtherSharesPerShare
0.17
CY2020Q3 ifrs-full Dividends Paid Other Shares
DividendsPaidOtherShares
4360000 usd
CY2020Q3 ifrs-full Dividends Paid Other Shares Per Share
DividendsPaidOtherSharesPerShare
0.09
CY2022 ifrs-full Disclosure Of General And Administrative Expense Explanatory
DisclosureOfGeneralAndAdministrativeExpenseExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">22.</td><td style="text-align: justify">GENERAL AND ADMINISTRATIVE EXPENSES</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left; padding-left: 0pt">Human resources expenses</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">41,508</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">36,184</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">29,955</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Business promotion, travel and entertainment</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,977</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,358</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,349</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Statutory, advisory and rating</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,815</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,174</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Information technology and software</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,387</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,123</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,719</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Office operation</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,575</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,270</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,518</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Depreciation and amortization (see note 13)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,010</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,813</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,980</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Impairment of goodwill (see note 34)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">41</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Interest expense arising from lease liabilities (see note 16)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">132</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">358</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">203</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Bank charges</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">244</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">128</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">122</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Corporate expenses</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2,805</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,733</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,903</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">67,453</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">58,946</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">46,923</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022 igic Human Resources Expenses Explanatory
HumanResourcesExpensesExplanatory
41508000 usd
CY2021 igic Human Resources Expenses Explanatory
HumanResourcesExpensesExplanatory
36184000 usd
CY2020 igic Human Resources Expenses Explanatory
HumanResourcesExpensesExplanatory
29955000 usd
CY2022 ifrs-full Administrative Expense
AdministrativeExpense
2977000 usd
CY2021 ifrs-full Administrative Expense
AdministrativeExpense
1358000 usd
CY2020 ifrs-full Administrative Expense
AdministrativeExpense
1349000 usd
CY2022 igic Statutory Advisory And Rating
StatutoryAdvisoryAndRating
10815000 usd
CY2021 igic Statutory Advisory And Rating
StatutoryAdvisoryAndRating
9938000 usd
CY2020 igic Statutory Advisory And Rating
StatutoryAdvisoryAndRating
6174000 usd
CY2022 igic Statutory Advisory And Rating Explanatory
StatutoryAdvisoryAndRatingExplanatory
4387000 usd
CY2021 igic Statutory Advisory And Rating Explanatory
StatutoryAdvisoryAndRatingExplanatory
3123000 usd
CY2020 igic Statutory Advisory And Rating Explanatory
StatutoryAdvisoryAndRatingExplanatory
2719000 usd
CY2022 igic Office Operation Expenses Explanatory
OfficeOperationExpensesExplanatory
1575000 usd
CY2021 igic Office Operation Expenses Explanatory
OfficeOperationExpensesExplanatory
1270000 usd
CY2020 igic Office Operation Expenses Explanatory
OfficeOperationExpensesExplanatory
1518000 usd
CY2022 ifrs-full Depreciation And Amortisation Expense
DepreciationAndAmortisationExpense
3010000 usd
CY2021 ifrs-full Depreciation And Amortisation Expense
DepreciationAndAmortisationExpense
2813000 usd
CY2020 ifrs-full Depreciation And Amortisation Expense
DepreciationAndAmortisationExpense
1980000 usd
CY2021 ifrs-full Impairment Loss Recognised In Profit Or Loss Intangible Assets Other Than Goodwill
ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill
41000 usd
CY2022 ifrs-full Interest Expense On Lease Liabilities
InterestExpenseOnLeaseLiabilities
132000 usd
CY2021 ifrs-full Interest Expense On Lease Liabilities
InterestExpenseOnLeaseLiabilities
358000 usd
CY2020 ifrs-full Interest Expense On Lease Liabilities
InterestExpenseOnLeaseLiabilities
203000 usd
CY2022 ifrs-full Bank And Similar Charges
BankAndSimilarCharges
244000 usd
CY2021 ifrs-full Bank And Similar Charges
BankAndSimilarCharges
128000 usd
CY2020 ifrs-full Bank And Similar Charges
BankAndSimilarCharges
122000 usd
CY2022 ifrs-full Directors Remuneration Expense
DirectorsRemunerationExpense
2805000 usd
CY2021 ifrs-full Directors Remuneration Expense
DirectorsRemunerationExpense
3733000 usd
CY2020 ifrs-full Directors Remuneration Expense
DirectorsRemunerationExpense
2903000 usd
CY2022 ifrs-full Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
67453000 usd
CY2021 ifrs-full Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
58946000 usd
CY2020 ifrs-full Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
46923000 usd
CY2022 ifrs-full Disclosure Of Investment Entities Explanatory
DisclosureOfInvestmentEntitiesExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">23.</td><td style="text-align: justify">NET INVESTMENT INCOME</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify; padding-left: 0pt">Interest income</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">20,381</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">14,049</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">12,169</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Dividends from equities at FVTOCI</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">144</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">78</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">128</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Dividends from equities at FVTPL</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">571</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">705</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">562</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: justify; padding-left: 0pt">Realized gains and losses on investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Realized loss on sale of bonds at FVTOCI</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(619</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(88</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(411</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Realized (loss) gain on sale of FVTPL equities and mutual funds</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(86</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">396</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,599</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-style: italic; text-align: justify; padding-left: 0pt">Unrealized gains and losses on investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Unrealized (loss) gain on revaluation of financial assets at FVTPL</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(2,950</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,089</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(241</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: justify; padding-left: 0pt">Gains and losses from investments in properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Realized loss on sale of investment properties</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(107</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(213</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Fair value loss on investment properties (see note 12)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(574</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,300</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,007</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Rental income</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">156</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">163</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">190</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: justify; padding-left: 0pt">Impairment and expected credit losses on investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Reversal (charge) of expected credit loss on financial assets at FVOCI</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">138</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(114</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(135</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Expected credit loss on financial assets at amortized cost</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(166</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(66</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(129</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Investments custodian fees and other investments expenses</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(524</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(870</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,545</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">16,364</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">16,034</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">9,967</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022 igic Disclosure Of Detailed Net Investment Income Explanatory
DisclosureOfDetailedNetInvestmentIncomeExplanatory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify; padding-left: 0pt">Interest income</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">20,381</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">14,049</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">12,169</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Dividends from equities at FVTOCI</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">144</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">78</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">128</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Dividends from equities at FVTPL</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">571</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">705</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">562</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: justify; padding-left: 0pt">Realized gains and losses on investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Realized loss on sale of bonds at FVTOCI</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(619</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(88</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(411</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Realized (loss) gain on sale of FVTPL equities and mutual funds</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(86</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">396</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,599</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-style: italic; text-align: justify; padding-left: 0pt">Unrealized gains and losses on investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Unrealized (loss) gain on revaluation of financial assets at FVTPL</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(2,950</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,089</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(241</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: justify; padding-left: 0pt">Gains and losses from investments in properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Realized loss on sale of investment properties</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(107</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(213</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Fair value loss on investment properties (see note 12)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(574</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,300</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,007</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Rental income</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">156</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">163</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">190</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: justify; padding-left: 0pt">Impairment and expected credit losses on investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Reversal (charge) of expected credit loss on financial assets at FVOCI</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">138</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(114</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(135</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Expected credit loss on financial assets at amortized cost</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(166</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(66</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(129</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Investments custodian fees and other investments expenses</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(524</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(870</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,545</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">16,364</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">16,034</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">9,967</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022 ifrs-full Revenue From Interest
RevenueFromInterest
20381000 usd
CY2021 ifrs-full Revenue From Interest
RevenueFromInterest
14049000 usd
CY2020 ifrs-full Revenue From Interest
RevenueFromInterest
12169000 usd
CY2022 igic Dividends From Equities At Fvtoci
DividendsFromEquitiesAtFVTOCI
144000 usd
CY2021 igic Dividends From Equities At Fvtoci
DividendsFromEquitiesAtFVTOCI
78000 usd
CY2020 igic Dividends From Equities At Fvtoci
DividendsFromEquitiesAtFVTOCI
128000 usd
CY2022 igic Dividends From Equities At Fvtpl
DividendsFromEquitiesAtFVTPL
571000 usd
CY2021 igic Dividends From Equities At Fvtpl
DividendsFromEquitiesAtFVTPL
705000 usd
CY2020 igic Dividends From Equities At Fvtpl
DividendsFromEquitiesAtFVTPL
562000 usd
CY2022 igic Realized Loss On Sale Of Bonds At Fvtoci
RealizedLossOnSaleOfBondsAtFvtoci
-619000 usd
CY2021 igic Realized Loss On Sale Of Bonds At Fvtoci
RealizedLossOnSaleOfBondsAtFvtoci
-88000 usd
CY2020 igic Realized Loss On Sale Of Bonds At Fvtoci
RealizedLossOnSaleOfBondsAtFvtoci
-411000 usd
CY2022 igic Realized Gain On Sale Of Fvtpl Equities And Mutual Funds
RealizedGainOnSaleOfFvtplEquitiesAndMutualFunds
-86000 usd
CY2021 igic Realized Gain On Sale Of Fvtpl Equities And Mutual Funds
RealizedGainOnSaleOfFvtplEquitiesAndMutualFunds
396000 usd
CY2020 igic Realized Gain On Sale Of Fvtpl Equities And Mutual Funds
RealizedGainOnSaleOfFvtplEquitiesAndMutualFunds
1599000 usd
CY2022 igic Unrealized Loss On Revaluation Of Financial Assets At Fvtpl
UnrealizedLossOnRevaluationOfFinancialAssetsAtFvtpl
-2950000 usd
CY2021 igic Unrealized Loss On Revaluation Of Financial Assets At Fvtpl
UnrealizedLossOnRevaluationOfFinancialAssetsAtFvtpl
3089000 usd
CY2020 igic Unrealized Loss On Revaluation Of Financial Assets At Fvtpl
UnrealizedLossOnRevaluationOfFinancialAssetsAtFvtpl
-241000 usd
CY2022 igic Realized Lossgain On Sale Of Investment Properties
RealizedLossgainOnSaleOfInvestmentProperties
-107000 usd
CY2021 igic Realized Lossgain On Sale Of Investment Properties
RealizedLossgainOnSaleOfInvestmentProperties
-8000 usd
CY2020 igic Realized Lossgain On Sale Of Investment Properties
RealizedLossgainOnSaleOfInvestmentProperties
-213000 usd
CY2022 ifrs-full Gains Losses On Fair Value Adjustment Investment Property
GainsLossesOnFairValueAdjustmentInvestmentProperty
-574000 usd
CY2021 ifrs-full Gains Losses On Fair Value Adjustment Investment Property
GainsLossesOnFairValueAdjustmentInvestmentProperty
-1300000 usd
CY2020 ifrs-full Gains Losses On Fair Value Adjustment Investment Property
GainsLossesOnFairValueAdjustmentInvestmentProperty
-2007000 usd
CY2022 ifrs-full Rental Income From Investment Property
RentalIncomeFromInvestmentProperty
156000 usd
CY2021 ifrs-full Rental Income From Investment Property
RentalIncomeFromInvestmentProperty
163000 usd
CY2020 ifrs-full Rental Income From Investment Property
RentalIncomeFromInvestmentProperty
190000 usd
CY2022 igic Expected Credit Loss On Financial Assets At Fvoci
ExpectedCreditLossOnFinancialAssetsAtFVOCI
138000 usd
CY2021 igic Expected Credit Loss On Financial Assets At Fvoci
ExpectedCreditLossOnFinancialAssetsAtFVOCI
-114000 usd
CY2020 igic Expected Credit Loss On Financial Assets At Fvoci
ExpectedCreditLossOnFinancialAssetsAtFVOCI
-135000 usd
CY2022 igic Expected Credit Loss On Financial Assets At Amortized Cost
ExpectedCreditLossOnFinancialAssetsAtAmortizedCost
-166000 usd
CY2021 igic Expected Credit Loss On Financial Assets At Amortized Cost
ExpectedCreditLossOnFinancialAssetsAtAmortizedCost
-66000 usd
CY2020 igic Expected Credit Loss On Financial Assets At Amortized Cost
ExpectedCreditLossOnFinancialAssetsAtAmortizedCost
-129000 usd
CY2022 igic Investments Custodian Fees And Other Investments Expenses
InvestmentsCustodianFeesAndOtherInvestmentsExpenses
-524000 usd
CY2021 igic Investments Custodian Fees And Other Investments Expenses
InvestmentsCustodianFeesAndOtherInvestmentsExpenses
-870000 usd
CY2020 igic Investments Custodian Fees And Other Investments Expenses
InvestmentsCustodianFeesAndOtherInvestmentsExpenses
-1545000 usd
CY2022 ifrs-full Investment Income
InvestmentIncome
16364000 usd
CY2021 ifrs-full Investment Income
InvestmentIncome
16034000 usd
CY2020 ifrs-full Investment Income
InvestmentIncome
9967000 usd
CY2022 ifrs-full Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
2262000 usd
CY2021 ifrs-full Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
1747000 usd
CY2020 ifrs-full Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
2075000 usd
CY2022 igic Deferred Tax Assets Related To The Change In Fair Value Of Bonds At Fair Value Through Oci For Igiuk
DeferredTaxAssetsRelatedToTheChangeInFairValueOfBondsAtFairValueThroughOCIForIGIUK
4877000 usd
CY2022Q4 ifrs-full Deferred Tax Liability Asset
DeferredTaxLiabilityAsset
5656000 usd
CY2021Q4 ifrs-full Treasury Shares
TreasuryShares
usd
CY2022 ifrs-full Disclosure Of Other Operating Income Expense Explanatory
DisclosureOfOtherOperatingIncomeExpenseExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">24.</td><td style="text-align: justify">OTHER REVENUES (EXPENSES)</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Other revenues:</td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left; padding-left: 0pt">Chartered flights revenue</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">2,260</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,844</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">372</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Gain on disposal of property, premises and equipment</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">26</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-368">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-369">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,286</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,844</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">372</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-left: 0pt">Other expenses:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Aircraft operational cost</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(2,168</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,883</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,260</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Aircraft depreciation expense (see note 13)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(660</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(750</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(632</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Loss on disposal of property, premises and equipment</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-370">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(60</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-371">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(2,828</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(2,693</td><td style="padding-bottom: 4pt; text-align: left">)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(1,892</td><td style="padding-bottom: 4pt; text-align: left">)</td></tr> </table>
CY2022 igic Chartered Flights Revenue Amount
CharteredFlightsRevenueAmount
2260000 usd
CY2021 igic Chartered Flights Revenue Amount
CharteredFlightsRevenueAmount
1844000 usd
CY2020 igic Chartered Flights Revenue Amount
CharteredFlightsRevenueAmount
372000 usd
CY2022 ifrs-full Adjustments For Gain Loss On Disposals Property Plant And Equipment
AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment
26000 usd
CY2022 ifrs-full Other Revenue
OtherRevenue
2286000 usd
CY2021 ifrs-full Other Revenue
OtherRevenue
1844000 usd
CY2020 ifrs-full Other Revenue
OtherRevenue
372000 usd
CY2022 igic Aircraft Operational Cost Value
AircraftOperationalCostValue
-2168000 usd
CY2021 igic Aircraft Operational Cost Value
AircraftOperationalCostValue
-1883000 usd
CY2020 igic Aircraft Operational Cost Value
AircraftOperationalCostValue
-1260000 usd
CY2022 ifrs-full Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss
DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss
-660000 usd
CY2021 ifrs-full Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss
DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss
-750000 usd
CY2020 ifrs-full Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss
DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss
-632000 usd
CY2021 igic Loss On Disposal Of Property Premises And Equipment
LossOnDisposalOfPropertyPremisesAndEquipment
-60000 usd
CY2022 igic Other Expenses Total
OtherExpensesTotal
2828000 usd
CY2021 igic Other Expenses Total
OtherExpensesTotal
2693000 usd
CY2020 igic Other Expenses Total
OtherExpensesTotal
1892000 usd
CY2020 igic Listing Related Expenses
ListingRelatedExpenses
3366000 usd
CY2020 igic Release Of Deferred Tax Liabilities For A Subsidiary
ReleaseOfDeferredTaxLiabilitiesForASubsidiary
292000 usd
CY2022 igic Difference In Corporation Tax Rates
DifferenceInCorporationTaxRates
-206000 usd
CY2021 igic Difference In Corporation Tax Rates
DifferenceInCorporationTaxRates
-189000 usd
CY2022 ifrs-full Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
2262000 usd
CY2022 ifrs-full Disclosure Of Commitments Explanatory
DisclosureOfCommitmentsExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">26.</td><td style="text-align: justify">COMMITMENTS AND CONTINGENCIES</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of the date of the consolidated financial statements, the Group is contingently liable for the following:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Letters of Credit amounting to USD 2,917 thousand to the order of reinsurance companies for collateralizing insurance contract liabilities in accordance with the reinsurance arrangements (31 December 2021: USD 6,550 thousand).</span></td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Letter of Guarantee amounting to USD 292 thousand to the order of Friends Provident Life Assurance Limited for collateralizing a rent payment obligation in one of the Group entity’s office premises (31 December 2021: USD 327 thousand).</span></td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In 2021, the Group signed a legally non-binding agreement with the University of California, San Francisco Foundation to contribute an amount of USD 1,250 thousand in five instalments over five years to support cancer research projects. As at 31 December 2022, the Group has paid USD 500 thousand and the remaining three instalments amounted to USD 750 thousand shall be made equally over the years from 2023 to 2025.</span></td></tr></table>
CY2022Q4 ifrs-full Credit Exposure
CreditExposure
2917000 usd
CY2021Q4 ifrs-full Credit Exposure
CreditExposure
6550000 usd
CY2022Q4 igic Letter Of Guarantee
LetterOfGuarantee
292000 usd
CY2021Q4 igic Letter Of Guarantee
LetterOfGuarantee
327000 usd
CY2022 igic Legally Nonbinding Agreement Description
LegallyNonbindingAgreementDescription
●In 2021, the Group signed a legally non-binding agreement with the University of California, San Francisco Foundation to contribute an amount of USD 1,250 thousand in five instalments over five years to support cancer research projects. As at 31 December 2022, the Group has paid USD 500 thousand and the remaining three instalments amounted to USD 750 thousand shall be made equally over the years from 2023 to 2025.
CY2022 ifrs-full Disclosure Of Related Party Explanatory
DisclosureOfRelatedPartyExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">27.</td><td style="text-align: justify">RELATED PARTIES</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Related parties represent major shareholders, associates, directors and key management personnel of the Group and entities controlled, jointly controlled or significantly influenced by such parties. Pricing policies and terms of these transactions are approved by the Group’s management.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compensation of key management personnel of the Group for the year ended 31 December 2022, consisting of salaries and benefits was USD 7,740 thousand (2021: USD 7,144 thousand) (2020: USD 5,764 thousand). Out of the total amount of key management personnel compensation, an amount of USD 1,906 thousand (2021: USD 1,352 thousand) (2020: USD 1,138 thousand) represents long-term benefits. Out of these long-term benefits in 2020, USD 887 thousand represent a phantom share option plan linked to the value of an ordinary share of the Group. The said plan was terminated during the year 2020 as a result of ‘change in control’ as defined in the plan whereby all outstanding phantom shares were immediately vested and exercisable on business combination date of 17 March 2020 (see note 33). All option holders have opted for cash payment of exercisable phantom shares per the terms of plan. In addition, USD 1906 thousand of long-term benefits represents earn out value of share-based expenses as of 31 December 2022 (2021: USD 1,352 thousand) (2020: USD 251 thousand) resulting from issuance of Restricted Shares Awards to key management personnel during the year pursuant to ‘International General Insurance Holdings Ltd. ’2020 Omnibus Incentive Plan’ (see note 32).</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"/><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Post completion of the Business Combination, the Group has reviewed its list of ‘key management personnel’ in accordance with IAS 24 (Related Party Disclosures) requirements and accordingly considered the persons who were named as executive officers of the company with Nasdaq as ‘Key management personnel’. Those officers have the authority and responsibility for planning, directing, and controlling the activities of the Group. In addition, they represent the Group’s executive committee which acts in the capacity of chief operating decision maker (see note 31).</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"/><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The aggregate amount of cash compensation paid and accrued to our non-employee directors during 2022 was USD 481 thousand (2021: USD 417 thousand) (2020: USD 454 thousand).</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In 2021, included within the investment properties (see note 12) were lands with a total amount of USD 625 thousand registered in the name of a former Director of the Group. The Group had obtained a proxy and has full control over these investment properties. These investment properties were sold during 2022.</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the Business Combination (see note 33) the Group issued 4,000,000 warrants in exchange for 4,000,000 Tiberius warrants transferred to Wasef Jabsheh (the Chief Executive Officer and Chairman of the Board of Directors) (see note 17). As at 31 December 2022, none of the Warrants have been exercised or redeemed since originally issued.</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On 24 March 2022, the Board of Directors approved the grant of 149,377 restricted shares to Wasef Jabsheh (the Chief Executive Officer and Chairman of the Board of Directors) pursuant to the Group’s 2020 Omnibus Incentive Plan (see note 32).</span></td></tr></table>
CY2022 ifrs-full Wages And Salaries
WagesAndSalaries
7740000 usd
CY2021 ifrs-full Wages And Salaries
WagesAndSalaries
7144000 usd
CY2020 ifrs-full Wages And Salaries
WagesAndSalaries
5764000 usd
CY2022 ifrs-full Key Management Personnel Compensation Other Longterm Benefits
KeyManagementPersonnelCompensationOtherLongtermBenefits
1906000 usd
CY2021 ifrs-full Key Management Personnel Compensation Other Longterm Benefits
KeyManagementPersonnelCompensationOtherLongtermBenefits
1352000 usd
CY2020 ifrs-full Key Management Personnel Compensation Other Longterm Benefits
KeyManagementPersonnelCompensationOtherLongtermBenefits
1138000 usd
CY2020 ifrs-full Participation In Defined Benefit Plan That Shares Risks Between Group Entities Related Party Transactions
ParticipationInDefinedBenefitPlanThatSharesRisksBetweenGroupEntitiesRelatedPartyTransactions
887000 usd
CY2022 ifrs-full Other Longterm Benefits
OtherLongtermBenefits
1906000 usd
CY2021 ifrs-full Other Longterm Benefits
OtherLongtermBenefits
1352000 usd
CY2020 ifrs-full Other Longterm Benefits
OtherLongtermBenefits
251000 usd
CY2021 igic Related Party Balances Due
RelatedPartyBalancesDue
625000 usd
CY2022Q4 igic Warrants Issued
WarrantsIssued
4000000 shares
CY2022Q1 igic Grant Of Restricted Shares
GrantOfRestrictedShares
149377 shares
CY2022 ifrs-full Disclosure Of Income Tax Explanatory
DisclosureOfIncomeTaxExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">28.</td><td style="text-align: justify">TAXATION</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The components of income tax expense are as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Current income tax:</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left; padding-left: 0pt">Current income tax charge</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">2,592</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,052</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">2,374</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Adjustments in respect of current income tax of prior years</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(22</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">97</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: justify; padding-left: 0pt">Deferred tax:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Origination and reversal of temporary differences</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(308</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(402</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(292</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt; padding-left: 0pt">Income tax charge for the year</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,262</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,747</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">2,075</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The income tax expense appearing in the consolidated statement of income relate to the following subsidiaries:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2020</td><td style="text-align: center; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; font-weight: bold; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; font-style: italic"> </td><td style="text-align: center; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="text-align: center; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left; padding-left: 0pt">Income tax expense for IGI Labuan – current year</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">57</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">71</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">66</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Corporate tax for IGI Casablanca (Representative Office) – current year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Income tax credits for North Star Underwriting Limited – current year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(22</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(21</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(9</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Income tax expense for IGI UK – current year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,556</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,995</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,311</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Income tax (credit) expense for IGI UK – prior years</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(22</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">97</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Addition of deferred tax assets for IGI Europe</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(308</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(347</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Release of deferred tax liabilities for IGI UK</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-372">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(55</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(292</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt; padding-left: 0pt">Income tax charge for the year</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,262</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,747</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">2,075</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">According to the Labuan Business Activity Tax Law, Labuan registered entities are subject to 3% tax on the audited net profits. In 2022, IGI Labuan recorded tax expense of USD 57 thousand representing 3% of the audited net profits (2021: USD 71 thousand) (2020: USD 66 thousand).</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IGI Casablanca - Representative Office has no income sources. According to Casablanca Finance City Tax Code, regional offices are taxed at a rate of 10%. The taxable base is 5% of the operating cost.</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">IGI UK and North Star Under Underwriting Limited are subject to corporate taxation in accordance with the UK Tax Law.</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">An increase from the current 19% UK corporation tax rate to 25%, effective from 1 April 2023, was announced in the Budget on 3 March 2021 and enacted on 10 June 2021. As a result, UK deferred tax balances have been revalued to take this rate change into account, where relevant.</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">I.G.I Underwriting is a tax-exempt company in Jordan as its main business activity is to act as an underwriting agent in respect of insurance and reinsurance business written outside Jordan.</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">International General Insurance Holdings Ltd. is not subject to income tax according to the tax law in Bermuda.</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">International General Insurance Co. Ltd is a tax-exempt company according to the tax law in Bermuda.</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">International General Insurance Holdings Limited and International General Insurance Company (Dubai) Ltd. are not subject to income tax according to the tax law in UAE.</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">International General Insurance Company (Europe) SE (IGI Europe) is subject to the normal standard rate in Malta of 35%.</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reconciliation of tax expense and the accounting profit multiplied by the applicable tax rate is as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left; padding-left: 0pt">The Group profit before tax</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">87,727</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">45,443</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">29,326</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Less: Profit related to non-taxable subsidiaries</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(75,100</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(36,022</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(17,108</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Profit before tax for entities subject to corporate taxation</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">12,627</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">9,421</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">12,218</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Profit multiplied by the standard rate of tax in the UK of 19% (2021:19%) (2020: 19%)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,399</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,790</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,322</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Net disallowed expenditure</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(9</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(71</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(34</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Non-UK expenses not deductible for tax purposes / income not taxable</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">67</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Fixed asset temporary differences not recognized for deferred tax</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Other temporary differences not recognized for deferred tax</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">32</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">28</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Adjustment in respect of prior years</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(22</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">97</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Income tax credits for North Star Underwriting Limited – current year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(9</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">IGI Labuan and IGI Casablanca current year tax charges</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">58</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">78</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">72</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Other movements</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-373">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Release of deferred tax liabilities for IGI UK</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(55</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(292</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Difference in corporation tax rates</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(206</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(189</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt; padding-left: 0pt">Income tax charge for the year</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">2,262</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,747</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">2,075</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following is the breakdown of the deferred tax assets and liabilities:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Deferred tax assets</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left; padding-left: 0pt">Deferred tax assets related to unabsorbed losses for IGI Europe</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">779</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">471</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; text-align: left; padding-bottom: 1.5pt; padding-left: 0.125in">Deferred tax assets related to the change in fair value of bonds at fair value through OCI for IGI UK</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,877</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-374">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">5,656</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">471</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-left: 0pt">Deferred tax liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; text-align: left; padding-bottom: 1.5pt; padding-left: 0.125in">Deferred tax liabilities related to the change in fair value of bonds at fair value through OCI for IGI UK</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-375">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">14</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-376">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">14</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following is the movement on the deferred tax assets:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left; padding-left: 0pt">Balance at beginning of the year</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">471</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-377">-</div></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Deferred tax assets resulting from acquisition of IGI Europe</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">124</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Addition of deferred tax assets related to unabsorbed losses for IGI Europe</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">308</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">347</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Addition of deferred tax assets related to the change in fair value of bonds at fair value through OCI for IGI UK</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,877</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 4pt; padding-left: 0pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">5,656</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">471</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following is the movement on the deferred tax liabilities:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left; padding-left: 0pt">Balance at beginning of the year</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">(14</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(55</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Release of deferred tax liabilities for IGI UK</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">14</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">55</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Addition of deferred tax liabilities related to the change in fair value of bonds at fair value through OCI for IGI UK</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-378">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(14</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt; padding-left: 0pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">(14</td><td style="padding-bottom: 4pt; text-align: left">)</td></tr> </table>
CY2022 ifrs-full Current Tax Expense Income
CurrentTaxExpenseIncome
2592000 usd
CY2021 ifrs-full Current Tax Expense Income
CurrentTaxExpenseIncome
2052000 usd
CY2020 ifrs-full Current Tax Expense Income
CurrentTaxExpenseIncome
2374000 usd
CY2022 ifrs-full Adjustments For Current Tax Of Prior Period
AdjustmentsForCurrentTaxOfPriorPeriod
-22000 usd
CY2021 ifrs-full Adjustments For Current Tax Of Prior Period
AdjustmentsForCurrentTaxOfPriorPeriod
97000 usd
CY2020 ifrs-full Adjustments For Current Tax Of Prior Period
AdjustmentsForCurrentTaxOfPriorPeriod
-7000 usd
CY2022 ifrs-full Deferred Tax Expense Income Relating To Origination And Reversal Of Temporary Differences
DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences
-308000 usd
CY2021 ifrs-full Deferred Tax Expense Income Relating To Origination And Reversal Of Temporary Differences
DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences
-402000 usd
CY2020 ifrs-full Deferred Tax Expense Income Relating To Origination And Reversal Of Temporary Differences
DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences
-292000 usd
CY2022 igic Income Tax Expense For Igi Labuan Current Year
IncomeTaxExpenseForIgiLabuanCurrentYear
57000 usd
CY2021 igic Income Tax Expense For Igi Labuan Current Year
IncomeTaxExpenseForIgiLabuanCurrentYear
71000 usd
CY2020 igic Income Tax Expense For Igi Labuan Current Year
IncomeTaxExpenseForIgiLabuanCurrentYear
66000 usd
CY2022 igic Corporate Tax For Igi Casablanca Representative Office Prior Years
CorporateTaxForIgiCasablancaRepresentativeOfficePriorYears
1000 usd
CY2021 igic Corporate Tax For Igi Casablanca Representative Office Prior Years
CorporateTaxForIgiCasablancaRepresentativeOfficePriorYears
7000 usd
CY2020 igic Corporate Tax For Igi Casablanca Representative Office Prior Years
CorporateTaxForIgiCasablancaRepresentativeOfficePriorYears
6000 usd
CY2022 igic Income Tax Credits For North Star Underwriting Limited Current Year
IncomeTaxCreditsForNorthStarUnderwritingLimitedCurrentYear
-22000 usd
CY2021 igic Income Tax Credits For North Star Underwriting Limited Current Year
IncomeTaxCreditsForNorthStarUnderwritingLimitedCurrentYear
-21000 usd
CY2020 igic Income Tax Credits For North Star Underwriting Limited Current Year
IncomeTaxCreditsForNorthStarUnderwritingLimitedCurrentYear
-9000 usd
CY2022 igic Income Tax Expense For Igiuk Current Years
IncomeTaxExpenseForIGIUKCurrentYears
2556000 usd
CY2021 igic Income Tax Expense For Igiuk Current Years
IncomeTaxExpenseForIGIUKCurrentYears
1995000 usd
CY2020 igic Income Tax Expense For Igiuk Current Years
IncomeTaxExpenseForIGIUKCurrentYears
2311000 usd
CY2022 igic Income Tax Expense For Igi Underwriting Prior Years
IncomeTaxExpenseForIgiUnderwritingPriorYears
-22000 usd
CY2021 igic Income Tax Expense For Igi Underwriting Prior Years
IncomeTaxExpenseForIgiUnderwritingPriorYears
97000 usd
CY2020 igic Income Tax Expense For Igi Underwriting Prior Years
IncomeTaxExpenseForIgiUnderwritingPriorYears
-7000 usd
CY2022 igic Addition Of Deferred Tax Assets For A Subsidiary
AdditionOfDeferredTaxAssetsForASubsidiary
-308000 usd
CY2021 igic Addition Of Deferred Tax Assets For A Subsidiary
AdditionOfDeferredTaxAssetsForASubsidiary
-347000 usd
CY2021 igic Release Of Deferred Tax Liabilities For A Subsidiary
ReleaseOfDeferredTaxLiabilitiesForASubsidiary
55000 usd
CY2020 igic Release Of Deferred Tax Liabilities For A Subsidiary
ReleaseOfDeferredTaxLiabilitiesForASubsidiary
292000 usd
CY2022 igic Income Tax Chargecredit For Year
IncomeTaxChargecreditForYear
2262000 usd
CY2021 igic Income Tax Chargecredit For Year
IncomeTaxChargecreditForYear
1747000 usd
CY2020 igic Income Tax Chargecredit For Year
IncomeTaxChargecreditForYear
2075000 usd
CY2022 igic Taxation Description
TaxationDescription
Labuan Business Activity Tax Law, Labuan registered entities are subject to 3% tax on the audited net profits. In 2022, IGI Labuan recorded tax expense of USD 57 thousand representing 3% of the audited net profits (2021: USD 71 thousand) (2020: USD 66 thousand).
CY2022 ifrs-full Tax Rate Effect From Change In Tax Rate
TaxRateEffectFromChangeInTaxRate
0.10 pure
CY2022 igic Operating Cost Percentage
OperatingCostPercentage
0.05 pure
CY2022 igic Future Foreign Income Tax Rate
FutureForeignIncomeTaxRate
0.35 pure
CY2021 ifrs-full Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
1747000 usd
CY2020 ifrs-full Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
2075000 usd
CY2022 igic Schedule Of Deferred Tax Assets And Liabilities Table Text Block1
ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock1
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Deferred tax assets</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left; padding-left: 0pt">Deferred tax assets related to unabsorbed losses for IGI Europe</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">779</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">471</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; text-align: left; padding-bottom: 1.5pt; padding-left: 0.125in">Deferred tax assets related to the change in fair value of bonds at fair value through OCI for IGI UK</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,877</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-374">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">5,656</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">471</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-left: 0pt">Deferred tax liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; text-align: left; padding-bottom: 1.5pt; padding-left: 0.125in">Deferred tax liabilities related to the change in fair value of bonds at fair value through OCI for IGI UK</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-375">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">14</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-376">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">14</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2022 igic Deferred Tax Assets Related To Unabsorbed Losses For Igi Europe
DeferredTaxAssetsRelatedToUnabsorbedLossesForIGIEurope
779000 usd
CY2021 igic Deferred Tax Assets Related To Unabsorbed Losses For Igi Europe
DeferredTaxAssetsRelatedToUnabsorbedLossesForIGIEurope
471000 usd
CY2022 ifrs-full Profit Loss Before Tax
ProfitLossBeforeTax
87727000 usd
CY2021 ifrs-full Profit Loss Before Tax
ProfitLossBeforeTax
45443000 usd
CY2020 ifrs-full Profit Loss Before Tax
ProfitLossBeforeTax
29326000 usd
CY2022 igic Profit Related To Nontaxable Subsidiaries
ProfitRelatedToNontaxableSubsidiaries
-75100000 usd
CY2021 igic Profit Related To Nontaxable Subsidiaries
ProfitRelatedToNontaxableSubsidiaries
-36022000 usd
CY2020 igic Profit Related To Nontaxable Subsidiaries
ProfitRelatedToNontaxableSubsidiaries
-17108000 usd
CY2022 igic Profit Loss Before Tax For Igiuk Entities Subject To Corporate Taxation
ProfitLossBeforeTaxForIGIUKEntitiesSubjectToCorporateTaxation
12627000 usd
CY2021 igic Profit Loss Before Tax For Igiuk Entities Subject To Corporate Taxation
ProfitLossBeforeTaxForIGIUKEntitiesSubjectToCorporateTaxation
9421000 usd
CY2020 igic Profit Loss Before Tax For Igiuk Entities Subject To Corporate Taxation
ProfitLossBeforeTaxForIGIUKEntitiesSubjectToCorporateTaxation
12218000 usd
CY2022 igic Tax Rates Effect Of Tax Losses
TaxRatesEffectOfTaxLosses
0.19 pure
CY2021 igic Tax Rates Effect Of Tax Losses
TaxRatesEffectOfTaxLosses
0.19 pure
CY2020 igic Tax Rates Effect Of Tax Losses
TaxRatesEffectOfTaxLosses
0.19 pure
CY2022 ifrs-full Tax Expense Income At Applicable Tax Rate
TaxExpenseIncomeAtApplicableTaxRate
2399000 usd
CY2021 ifrs-full Tax Expense Income At Applicable Tax Rate
TaxExpenseIncomeAtApplicableTaxRate
1790000 usd
CY2020 ifrs-full Tax Expense Income At Applicable Tax Rate
TaxExpenseIncomeAtApplicableTaxRate
2322000 usd
CY2022 igic Net Disallowed Expenditure
NetDisallowedExpenditure
-9000 usd
CY2021 igic Net Disallowed Expenditure
NetDisallowedExpenditure
-71000 usd
CY2020 igic Net Disallowed Expenditure
NetDisallowedExpenditure
-34000 usd
CY2021 igic Non Uk Expenses Not Deductible For Tax Purposesincome Not Taxable
NonUKExpensesNotDeductibleForTaxPurposesincomeNotTaxable
67000 usd
CY2022 igic Fixed Asset Temporary Differences Not Recognized For Deferredtax
FixedAssetTemporaryDifferencesNotRecognizedForDeferredtax
10000 usd
CY2021 igic Fixed Asset Temporary Differences Not Recognized For Deferredtax
FixedAssetTemporaryDifferencesNotRecognizedForDeferredtax
1000 usd
CY2020 igic Fixed Asset Temporary Differences Not Recognized For Deferredtax
FixedAssetTemporaryDifferencesNotRecognizedForDeferredtax
14000 usd
CY2022 ifrs-full Other Components Of Deferred Tax Expense Income
OtherComponentsOfDeferredTaxExpenseIncome
32000 usd
CY2021 ifrs-full Other Components Of Deferred Tax Expense Income
OtherComponentsOfDeferredTaxExpenseIncome
28000 usd
CY2020 ifrs-full Other Components Of Deferred Tax Expense Income
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CY2021 igic Tax Expense Adjustments For Deferred Tax Of Prior Periods
TaxExpenseAdjustmentsForDeferredTaxOfPriorPeriods
97000 usd
CY2020 igic Tax Expense Adjustments For Deferred Tax Of Prior Periods
TaxExpenseAdjustmentsForDeferredTaxOfPriorPeriods
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CY2020 igic Income Tax Credits For North Star Underwriting Limited Current Year
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CY2022 igic Igi Labuan And Igi Casablanca Current Year Tax Charges
IGILabuanAndIgiCasablancaCurrentYearTaxCharges
58000 usd
CY2021 igic Igi Labuan And Igi Casablanca Current Year Tax Charges
IGILabuanAndIgiCasablancaCurrentYearTaxCharges
78000 usd
CY2020 igic Igi Labuan And Igi Casablanca Current Year Tax Charges
IGILabuanAndIgiCasablancaCurrentYearTaxCharges
72000 usd
CY2021 ifrs-full Adjustments For Deferred Tax Expense
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1000 usd
CY2021 igic Release Of Deferred Tax Liabilities For A Subsidiary
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55000 usd
CY2021Q4 ifrs-full Deferred Tax Liability Asset
DeferredTaxLiabilityAsset
471000 usd
CY2021 igic Deferred Tax Liabilities Related To The Change In Fair Value Of Bonds At Fair Value Through Oci For Igi
DeferredTaxLiabilitiesRelatedToTheChangeInFairValueOfBondsAtFairValueThroughOCIForIGI
14000 usd
CY2021Q4 ifrs-full Net Deferred Tax Liabilities
NetDeferredTaxLiabilities
14000 usd
CY2021Q4 igic Deferred Tax Assets Balance
DeferredTaxAssetsBalance
471000 usd
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DeferredTaxPriorYearAdjustment
124000 usd
CY2022 ifrs-full Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
308000 usd
CY2021 ifrs-full Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
347000 usd
CY2022 ifrs-full Deferred Tax Relating To Items Charged Or Credited Directly To Equity
DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity
4877000 usd
CY2022Q4 igic Deferred Tax Assets Balance
DeferredTaxAssetsBalance
5656000 usd
CY2021Q4 igic Deferred Tax Assets Balance
DeferredTaxAssetsBalance
471000 usd
CY2021Q4 igic Deferred Tax Liabilities Balance
DeferredTaxLiabilitiesBalance
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CY2020Q4 igic Deferred Tax Liabilities Balance
DeferredTaxLiabilitiesBalance
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CY2022 igic Release Of Deferred Taxes Liabilities For Igiuk
ReleaseOfDeferredTaxesLiabilitiesForIGIUK
14000 usd
CY2021 igic Release Of Deferred Taxes Liabilities For Igiuk
ReleaseOfDeferredTaxesLiabilitiesForIGIUK
55000 usd
CY2021Q4 igic Addition Of Deferred Tax Liabilities Related To Unrealized Gains On Bonds At Fair Value Through Oci
AdditionOfDeferredTaxLiabilitiesRelatedToUnrealizedGainsOnBondsAtFairValueThroughOCI
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CY2021Q4 igic Deferred Tax Liabilities Balance
DeferredTaxLiabilitiesBalance
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CY2022 ifrs-full Disclosure Of Financial Risk Management Explanatory
DisclosureOfFinancialRiskManagementExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">29.</td><td style="text-align: justify">RISK MANAGEMENT</td></tr></table><p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The risks faced by the Group and the way these risks are mitigated by management are summarized below.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Insurance risk</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Insurance risk includes the risks of inappropriate underwriting, ineffective management of underwriting, inadequate controls over exposure management in relation to catastrophic events and insufficient reserves for losses including claims incurred but not reported.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">To manage this risk, the Group’s underwriting function is conducted in accordance with a number of technical analytical protocols which include defined underwriting authorities, guidelines by class of business, rate monitoring and underwriting peer reviews.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group purchases reinsurance as part of its risk mitigation programmer. Reinsurance ceded is placed on both a proportional and non–proportional basis. The proportional reinsurance is quota–share reinsurance which is taken out to reduce the overall exposure of the Group to certain classes of business. Non–proportional reinsurance is primarily excess–of–loss reinsurance designed to mitigate the Group’s net exposure to catastrophe losses and large claims. Retention limits for the excess–of–loss reinsurance vary by class of business. Also, a significant portion of the reinsurance is affected under the facultative reinsurance contracts to cover a single risk exposure.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Amounts recoverable from reinsurers are estimated in a manner consistent with the outstanding claims provision and are in accordance with the reinsurance contracts. Although the Group has reinsurance arrangements, it is not relieved of its direct obligations to its policyholders and thus a credit exposure exists with respect to ceded insurance, to the extent that any reinsurer is unable to meet its obligations assumed under such reinsurance agreements. The Group’s placement of reinsurance is diversified such that it is neither dependent on a single reinsurer nor are the operations of the Group substantially dependent upon any single reinsurance contract.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has in place effective exposure management systems. Aggregate exposure is modelled and tested against different stress scenarios to ensure adherence to the Group’s overall risk appetite and alignment with reinsurance programs and underwriting strategies.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Loss reserve estimates are inherently uncertain. Reserves for unpaid losses are the largest single component of the liabilities of the Group. Actual losses that differ from the provisions, or revisions in the estimates, can have a material impact on future earnings and the statement of financial position. The Group has an in house experienced actuarial function who reviews and monitors the reserving policy and its implementation at quarterly intervals. They work closely with the underwriting and claims team to ensure an understanding of the Group’s exposure and loss experience. In addition, the Group receives external independent analysis of its reserve requirements on an annual basis.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In order to minimize financial exposure arising from large claims, the Group, in the normal course of business, enters into contracts with other parties for reinsurance purposes. Such reinsurance arrangements provide for greater diversification of business, allow management to control exposure to potential losses arising from large risks, and provide additional capacity for growth. A significant portion of the reinsurance is affected under treaty, facultative and excess-of-loss reinsurance contracts.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Geographical concentration of risks</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s insurance risk based on geographical concentration of risk is illustrated in the table below:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="4" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="4" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="5" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2020</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Gross written premiums</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Concentration</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Gross written premiums</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Concentration</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Gross written premiums</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Concentration</td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">%</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">%</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 30%; padding-left: 0pt">Africa</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 11%; font-weight: bold; text-align: right; padding-left: 0pt">32,692</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 9%; font-weight: bold; text-align: center">6</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 11%; text-align: right; padding-left: 0pt">27,749</td><td style="width: 1%"> </td> <td style="width: 9%; text-align: center">5</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">20,956</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 11%; text-align: center; padding-left: 0pt">5</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt">Asia</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right; padding-left: 0pt">54,684</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">9</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 0pt">55,816</td><td> </td> <td style="text-align: center">10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,398</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">8</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt">Australasia</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right; padding-left: 0pt">19,474</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">3</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 0pt">23,454</td><td> </td> <td style="text-align: center">4</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,104</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">4</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Caribbean Islands</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right; padding-left: 0pt">30,438</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">5</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 0pt">30,244</td><td> </td> <td style="text-align: center">6</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,964</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">3</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Central America</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right; padding-left: 0pt">25,332</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">4</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 0pt">28,166</td><td> </td> <td style="text-align: center">5</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,442</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">8</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt">Europe</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right; padding-left: 0pt">51,734</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">9</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 0pt">48,780</td><td> </td> <td style="text-align: center">9</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">59,972</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">13</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Middle East</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right; padding-left: 0pt">58,893</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">10</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 0pt">53,564</td><td> </td> <td style="text-align: center">10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">48,401</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">10</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">North America</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right; padding-left: 0pt">61,646</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">11</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 0pt">32,773</td><td> </td> <td style="text-align: center">6</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22,553</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">5</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">South America</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right; padding-left: 0pt">20,701</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">4</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 0pt">20,718</td><td> </td> <td style="text-align: center">4</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,548</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">4</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt">UK</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: right; padding-left: 0pt">189,975</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">33</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 0pt">197,090</td><td> </td> <td style="text-align: center">36</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">158,381</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">34</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 0pt">Worldwide</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right; padding-left: 0pt">36,278</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; font-weight: bold; text-align: center">6</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right; padding-left: 0pt">27,228</td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: center">5</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">26,554</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 0pt">6</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: right; padding-bottom: 4pt; padding-left: 0pt"> </td><td style="border-bottom: Black 4pt double; font-weight: bold"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right; padding-left: 0pt">581,847</td><td style="padding-bottom: 4pt"> </td> <td style="padding-bottom: 4pt; text-align: center"> </td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="border-bottom: Black 4pt double"> </td> <td style="border-bottom: Black 4pt double; text-align: right; padding-left: 0pt">545,582</td><td style="padding-bottom: 4pt"> </td> <td style="padding-bottom: 4pt; text-align: center"> </td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">467,273</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="text-align: center; padding-bottom: 4pt; padding-left: 0pt"> </td></tr> </table><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Line of business concentration of risk</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s insurance risk based on line of business concentration is illustrated in the table below:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td colspan="5" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic"> </td> <td colspan="5" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic"> </td> <td colspan="5" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2020</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-align: center; padding-left: 0pt"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: center"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center"><span style="font-size: 10pt"><b><i>Gross written premiums</i></b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b><i>Concentration</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b><i>Percentage</i></b></p></td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic"> </td> <td style="padding-bottom: 1.5pt; font-style: italic; text-align: center"> </td><td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 10pt"><i>Gross written premiums</i></span></td><td style="padding-bottom: 1.5pt; font-style: italic; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><i>Concentration</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><i>Percentage</i></p></td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic"> </td> <td style="padding-bottom: 1.5pt; font-style: italic; text-align: center"> </td><td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 10pt"><i>Gross written premiums</i></span></td><td style="padding-bottom: 1.5pt; font-style: italic; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center; padding-left: 0pt"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><i>Concentration</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><i>Percentage</i></p></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-align: center; padding-left: 0pt"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: center"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center"><span style="font-size: 10pt"><b><i>USD ’000</i></b></span></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-weight: bold; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">%</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic"> </td> <td style="padding-bottom: 1.5pt; font-style: italic; text-align: center"> </td><td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 10pt"><i>USD ’000</i></span></td><td style="padding-bottom: 1.5pt; font-style: italic; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">%</td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic"> </td> <td style="padding-bottom: 1.5pt; font-style: italic; text-align: center"> </td><td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center"><span style="font-size: 10pt"><i>USD ’000</i></span></td><td style="padding-bottom: 1.5pt; font-style: italic; text-align: center"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; text-align: left; padding-left: 0pt">Professional Lines</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">191,287</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 11%; font-weight: bold; text-align: center; padding-left: 0pt">33</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">190,038</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 11%; text-align: center; padding-left: 0pt">35</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">157,487</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 11%; text-align: center; padding-left: 0pt">34</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Financial Institutions</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">28,648</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center; padding-left: 0pt">5</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36,176</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">6</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">39,442</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">8</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Marine Liability</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,666</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center; padding-left: 0pt">1</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,339</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">1</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,613</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">1</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Inherent Defects Insurance</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">8,608</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center; padding-left: 0pt">1</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,978</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">2</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,935</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">2</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt">Energy</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">117,322</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center; padding-left: 0pt">20</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">104,015</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">19</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">91,742</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">19</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt">Property</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">88,074</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center; padding-left: 0pt">15</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">79,085</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">14</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">69,912</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">15</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt">Engineering</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">31,208</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center; padding-left: 0pt">5</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31,137</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">6</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">17,924</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">4</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt">Aviation</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">21,872</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center; padding-left: 0pt">4</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,348</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">4</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">23,002</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">5</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Ports &amp; Terminals</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">27,263</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center; padding-left: 0pt">5</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,600</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">5</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,875</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">6</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Political Violence</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">11,461</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center; padding-left: 0pt">2</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,263</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">2</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,271</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">2</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Marine Cargo</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,533</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center; padding-left: 0pt">2</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,091</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">1</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">752</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt"><div style="-sec-ix-hidden: hidden-fact-379">-</div></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt">Contingency</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,925</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center; padding-left: 0pt">2</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,498</td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt">1</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-380">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt"><div style="-sec-ix-hidden: hidden-fact-381">-</div></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 0pt">Reinsurance</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">30,980</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; padding-left: 0pt">5</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">24,014</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 0pt">4</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">19,318</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; padding-bottom: 1.5pt; padding-left: 0pt">4</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: right; padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">581,847</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="text-align: right; padding-bottom: 4pt; padding-left: 0pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">545,582</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="text-align: right; padding-bottom: 4pt; padding-left: 0pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">467,273</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="text-align: center; padding-bottom: 4pt; padding-left: 0pt"> </td></tr> </table><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sensitivities</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The analysis below shows the estimated impact on gross and net insurance contracts claims liabilities and on profit before tax, of potential reserve deviations on ultimate claims development at gross and net level from that reported in the statement of financial position as at 31 December 2022 and 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In selecting the volatility factors, the Group has illustrated the sensitivity of the net claims to a standard variation in the gross outstanding claims. The choices of variation (7.5% and 5%) are illustrative but are consistent with what the Group would consider representative of a reasonable potential for variation. The illustrated variations do not represent limits of the potential variation and actual variation could significantly vary from the illustrated values.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><i>Gross Loss Sensitivity Factor</i></td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Impact of increase on gross outstanding claims</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Impact of decrease on gross outstanding claims</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Impact of increase on net outstanding claims</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Impact of decrease on<br/> net outstanding claims</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Impact of increase on profit before tax</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Impact of decrease on profit before tax</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">%</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 16%; font-weight: bold; text-align: left">2022</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 11%; font-weight: bold; text-align: center; padding-left: 0pt">7.5</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">47,955</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">(47,955</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">33,647</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">(33,645</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">(33,647</td><td style="width: 1%; font-weight: bold; text-align: left">)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">33,645</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; font-weight: bold; text-align: left">2022</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center; padding-left: 0pt">5</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">31,970</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(31,970</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">22,432</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(22,430</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(22,432</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">22,430</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: left"> </td><td> </td> <td style="text-align: center; padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: left">2021</td><td> </td> <td style="text-align: center; padding-left: 0pt">7.5</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">41,368</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(41,368</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30,063</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(30,061</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(30,063</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30,061</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: left">2021</td><td> </td> <td style="text-align: center; padding-left: 0pt">5</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">27,579</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(27,579</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,043</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(20,040</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(20,043</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,040</td><td style="text-align: left"> </td></tr> </table><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial risk</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s principal financial instruments are financial assets at fair value through OCI, financial assets at fair value through profit or loss, financial assets at amortized cost, receivables arising from insurance, investments in associates, investment properties and reinsurance contracts, and cash and cash equivalents.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group does not enter into derivative transactions.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The main risks arising from the Group’s financial instruments are interest rate risk, foreign currency risk, credit risk, market price risk and liquidity risk. The board reviews and agrees policies for managing each of these risks and they are summarized below.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Interest rate risk</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Interest rate risk arises from the possibility that changes in interest rates will affect future profitability or the fair values of financial instruments. The Group is exposed to interest rate risk on certain of its investments and cash and cash equivalents. The Group limits interest rate risk by monitoring changes in interest rates in the currencies in which its cash and interest-bearing investments and borrowings are denominated.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Details of maturities of the major classes of financial assets are as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding: 0pt"> </td><td style="padding: 0pt"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><i>Less than <br/> 1 year</i></p></td><td style="padding: 0pt"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">1 to 5 years</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">More than<br/> 5 years</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Non-interest-<br/> bearing items</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Total</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold">2022 -</td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td><td style="padding: 0pt; font-style: italic"> </td> <td colspan="2" style="padding: 0pt; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding: 0pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; width: 40%; text-align: left">Financial assets at FVTPL</td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-382">-</div></td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-383">-</div></td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-384">-</div></td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">25,438</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 1%; font-weight: bold"> </td> <td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; width: 9%; font-weight: bold; text-align: right">25,438</td><td style="padding: 0pt; width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: left">Financial assets at FVOCI</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">73,591</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">356,179</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">59,311</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">18,209</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">507,290</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: left">Financial assets at amortized cost</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">1,994</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-385">-</div></td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-386">-</div></td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-387">-</div></td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold; text-align: right">1,994</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: left">Cash and term deposits</td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">387,834</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">47,135</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-388">-</div></td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-389">-</div></td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">434,969</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">463,419</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">403,314</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">59,311</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">43,647</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; font-weight: bold"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; font-weight: bold; text-align: right">969,691</td><td style="padding: 0pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: left">2021 -</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"> </td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: left">Financial assets at FVTPL</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"><div style="-sec-ix-hidden: hidden-fact-390">-</div></td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"><div style="-sec-ix-hidden: hidden-fact-391">-</div></td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"><div style="-sec-ix-hidden: hidden-fact-392">-</div></td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">28,539</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">28,539</td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: left">Financial assets at FVOCI</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">43,978</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">261,293</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">113,174</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">20,767</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">439,212</td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt; text-align: left">Financial assets at amortized cost</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">2,471</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"><div style="-sec-ix-hidden: hidden-fact-393">-</div></td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"><div style="-sec-ix-hidden: hidden-fact-394">-</div></td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right"><div style="-sec-ix-hidden: hidden-fact-395">-</div></td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt; text-align: right">2,471</td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-align: left">Cash and term deposits</td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">368,024</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">54,088</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-396">-</div></td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-397">-</div></td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 1.5pt solid; text-align: right">422,112</td><td style="padding: 0pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding: 0pt"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">414,473</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">315,381</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">113,174</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">49,306</td><td style="padding: 0pt; text-align: left"> </td><td style="padding: 0pt"> </td> <td style="padding: 0pt; border-bottom: Black 4pt double; text-align: left"> </td><td style="padding: 0pt; border-bottom: Black 4pt double; text-align: right">892,334</td><td style="padding: 0pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table demonstrates the sensitivity of consolidated statement of income to reasonably possible changes in interest rates, with all other variables held constant.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The sensitivity of the consolidated statement of income is the effect of the assumed changes in interest rates on the Group’s profit before tax for the year, based on the floating rate financial assets and financial liabilities held at 31 December.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: justify"> </td><td style="white-space: nowrap; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; white-space: nowrap; font-style: italic; text-align: center">Decrease in<br/> basis points</td><td style="white-space: nowrap; font-style: italic"> </td><td style="white-space: nowrap; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; white-space: nowrap; font-style: italic; text-align: center">Effect on profit /<br/> Equity before tax<br/> for the year</td><td style="white-space: nowrap; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; font-weight: bold; text-align: justify">2022</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">- 25</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">(2,108</td><td style="width: 1%; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">- 50</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(4,215</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">- 25</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,593</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">- 50</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,186</td><td style="text-align: left">)</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The effect of increases in interest rates are expected to be equal and opposite to the effects of the decreases shown above.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Foreign currency risk</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Foreign currency risk is the risk that the fair value of future cash flows of financial instruments will fluctuate because of changes in foreign currency exchange rates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group is exposed to currency risk mainly on insurance written premiums and incurred claims that are denominated in a currency other than the Group functional currency. The currencies in which these transactions are primarily denominated are Sterling (GBP) and Euro (EUR). As a significant portion of the Group’s transactions are denominated in USD, this reduces currency risk. Intra Group transactions are primarily denominated in USD.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Part of the Group’s monetary assets and liabilities are denominated in a currency other than the functional currency of the Group and are subject to risks associated with currency exchange fluctuation. The Group reduces some of this currency exposure by maintaining some of its bank balances in foreign currencies in which some of its insurance payables are denominated.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table demonstrates the sensitivity to a reasonably possible change in the USD exchange rate, with all other variables held constant, of the Group’s profit before tax (due to changes in the fair value of monetary assets and liabilities).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="white-space: nowrap; border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Changes in<br/> currency rate to<br/> USD</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Effect on<br/> profit/Equity before tax<br/> for the year</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">%</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: left">2022</td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; font-weight: bold; text-align: left">EUR</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">+10</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">146</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left">GBP</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">+10</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(4,079</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">EUR</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">+10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">606</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">GBP</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">+10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,567</td><td style="text-align: left">)</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The effect of decreases in exchange rates are expected to be equal and opposite to the effects of the increases shown above.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credit risk</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Credit risk is the risk that one party to a financial instrument will fail to discharge an obligation and cause the other party to incur a financial loss. The Group is exposed to credit risk primarily from unpaid insurance receivables and fixed income instruments.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has in place credit appraisal policies and procedures for inward business and receivables from insurance transactions are monitored on an ongoing basis to restrict the Group’s exposure to doubtful debts.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group has in place security standards applicable to all reinsurance purchases and monitors the financial status of all reinsurance debtors at regular intervals.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s portfolio of fixed income investments is managed by the Investments Committee in accordance with the investment policy established by the board of directors which has various credit standards for investments in fixed income securities.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reinsurance and fixed income investments are monitored for the occurrence of a downgrade or other changes that might cause them to fall below the Group’s security standards. If this occurs, management takes appropriate action to mitigate any loss to the Group.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s bank balances are maintained with a range of international and local banks in accordance with limits set by the board of directors. There are no significant concentrations of credit risk within the Group. The table below provides information regarding the credit risk exposure of the Group by classifying assets according to the Group’s credit rating of counterparties:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Investment grade</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Non-investment grade (satisfactory)</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">In course of collection</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">2022</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: left; padding-left: 1.4pt">FVOCI - debts securities</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">486,574</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">2,507</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-398">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">489,081</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 1.4pt">Financial assets at amortized cost</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-399">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,994</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,994</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 1.4pt">Insurance receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-400">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">116,319</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">68,528</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">184,847</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 1.4pt">Reinsurance share of outstanding claims</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">188,391</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">432</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-401">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">188,823</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 1.4pt">Deferred excess of loss premiums</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-402">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">19,671</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-403">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">19,671</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 1.4pt">Cash and cash equivalents</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">99,538</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">38,405</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-404">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">137,943</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 1.4pt">Term deposits</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">263,381</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">33,645</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-405">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">297,026</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,037,884</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">212,973</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">68,528</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,319,385</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Investment grade</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Non-investment grade (satisfactory)</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">In course of collection</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td>2021</td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: left; padding-left: 0pt">FVOCI - debts securities</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">418,240</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">205</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-406">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">418,445</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Financial assets at amortized cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-407">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,979</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">492</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,471</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Insurance receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-408">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">113,294</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">66,051</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">179,345</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt">Reinsurance share of outstanding claims</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">181,379</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">869</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-409">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">182,248</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Deferred excess of loss premiums</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-410">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">17,238</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-411">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">17,238</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 0pt">Cash and cash equivalents</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">220,095</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">22,051</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-412">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">242,146</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Term deposits</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">130,860</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">49,106</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-413">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">179,966</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 4pt; padding-left: 0pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">950,574</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">204,742</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">66,543</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,221,859</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For assets to be classified as ‘past due and impaired’ contractual payments are in arrears for more than 30 days for the debt instruments and 360 days for insurance receivables an impairment adjustment is recorded in the consolidated statement of income for this or when collectability of the amount is otherwise assessed as being doubtful. When the credit exposure is adequately secured, arrears more than 360 days might still be classified as ‘past due but not impaired’, with no impairment adjustment recorded.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The schedule below shows the distribution of bonds and debt securities with fixed interest rate according to the international agencies classification:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left">Rating grade</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Bonds</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Unquoted bonds</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Total</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">2022</td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify">AAA</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">4,628</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-414">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">4,628</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">AA</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">45,513</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-415">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">45,513</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">A</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">289,431</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-416">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">289,431</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">BBB</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">147,002</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-417">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">147,002</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">BB</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">203</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-418">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">203</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Not rated</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">2,304</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,994</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">4,298</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 4pt">Total</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">489,081</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,994</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">491,075</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left">Rating grade</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Bonds</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Unquoted bonds</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Total</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify">2021</td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify">AAA</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3,363</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-419">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3,363</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">AA</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,803</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-420">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">20,803</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">A</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">220,258</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-421">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">220,258</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">BBB</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">166,789</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-422">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">166,789</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">BB</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,027</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-423">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,027</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">B</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">205</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-424">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">205</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Not rated</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,471</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,471</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 4pt">Total</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">418,445</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">2,471</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">420,916</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The schedule below shows the geographical distribution of bonds and debt securities with fixed interest rate:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">Country</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: justify">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: justify">Australia</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">9,723</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Bahrain</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,008</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Belgium</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">956</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Bermuda</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,998</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Canada</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">11,563</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Chile</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">461</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">China</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">48,300</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Finland</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,568</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">France</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">24,001</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Germany</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">17,146</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Hong Kong</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,200</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">India</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,870</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Italy</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,943</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Japan</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">12,566</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Jordan</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,923</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">KSA</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">14,528</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Kuwait</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,763</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Malaysia</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">6,415</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Mexico</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,576</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Netherlands</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">7,475</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Norway</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,927</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Qatar</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">42,474</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Singapore</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">8,601</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">South Korea</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">11,554</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Spain</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">6,240</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Sweden</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">3,574</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Switzerland</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">9,763</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Taiwan</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,415</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">UAE</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">31,429</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">UK</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">50,697</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">USA</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">145,418</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: justify; padding-bottom: 4pt">Total</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">491,075</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: justify">Country</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Total</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: justify">2021</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: justify">Australia</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">9,632</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Bahrain</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,618</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Belgium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,112</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Bermuda</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,301</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Canada</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,384</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">China</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">51,664</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Finland</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,951</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">France</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,266</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Germany</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">17,483</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">India</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,206</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Japan</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,951</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Jordan</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,471</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">KSA</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,042</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Kuwait</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,464</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Luxembourg</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">687</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Malaysia</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,574</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Mexico</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,326</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Netherlands</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,051</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Oman</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,122</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Qatar</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,700</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Russia</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,948</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Singapore</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,069</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">South Korea</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,635</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Spain</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,377</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Sweden</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,528</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Switzerland</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,063</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Taiwan</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,991</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">UAE</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,388</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">UK</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">51,049</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">USA</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">113,308</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Virgin Islands (British)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,555</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 4pt">Total</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">420,916</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Market price risk</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Market price risk is the risk that the value of a financial instrument will fluctuate as a result of changes in market prices (other than those arising from interest rate risk or currency risk), whether those changes are caused by factors specific to the individual security, or its issuer, or factors affecting all securities traded in the market.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group’s equity price risk exposure relates to financial assets whose values will fluctuate as a result of changes in market prices.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table demonstrates the sensitivity of the profit for the period and the cumulative changes in fair value to reasonably possible changes in equity prices, with all other variables held constant. The effect of decreases in equity prices is expected to be equal and opposite to the effect of the increases shown.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Change in<br/> equity price</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Effect on profit before tax for the year</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Effect on Equity</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold">2022</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center"><b>USD ’000</b></td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td style="font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center"> </td><td style="font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center"> </td><td style="font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Amman Stock Exchange</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">+5</td><td style="width: 1%; font-weight: bold; text-align: left">%</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">40</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">40</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Saudi Stock Exchange</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">+5</td><td style="font-weight: bold; text-align: left">%</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-425">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">389</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Qatar Stock Exchange</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">+5</td><td style="font-weight: bold; text-align: left">%</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">46</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">46</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Abu Dhabi Security Exchange</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">+5</td><td style="font-weight: bold; text-align: left">%</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">70</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">70</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">New York Stock Exchange</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">+5</td><td style="font-weight: bold; text-align: left">%</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">131</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">166</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Kuwait Stock Exchange</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">+5</td><td style="font-weight: bold; text-align: left">%</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-426">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">7</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">London Stock Exchange</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">+5</td><td style="font-weight: bold; text-align: left">%</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">322</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">367</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Other quoted</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">+5</td><td style="font-weight: bold; text-align: left">%</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">52</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">118</td><td style="font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Change in<br/> equity price</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Effect on<br/> profit<br/> before tax<br/> for the year</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Effect on Equity</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: left">2021</td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: right"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><i>USD ’000</i></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><i>USD ’000</i></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: right"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Amman Stock Exchange</td><td style="width: 1%"> </td> <td style="width: 11%; text-align: right">+5%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">40</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">40</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Saudi Stock Exchange</td><td> </td> <td style="text-align: right">+5%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-427">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">511</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Qatar Stock Exchange</td><td> </td> <td style="text-align: right">+5%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">23</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">23</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Abu Dhabi Security Exchange</td><td> </td> <td style="text-align: right">+5%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">76</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">76</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">New York Stock Exchange</td><td> </td> <td style="text-align: right">+5%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">175</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">202</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Kuwait Stock Exchange</td><td> </td> <td style="text-align: right">+5%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-428">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">London Stock Exchange</td><td> </td> <td style="text-align: right">+5%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">330</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">382</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Other quoted</td><td> </td> <td style="text-align: right">+5%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">782</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">871</td><td style="text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group also has unquoted investments carried at fair value determined based on valuation techniques which use inputs which have a significant effect on the recorded fair value that are not based on observable market data.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group limits market risk by maintaining a diversified portfolio and by monitoring of developments in equity markets.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Liquidity risk</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Liquidity risk is the risk that the Group will not be able to meet its commitments associated with insurance contracts and financial liabilities as they fall due.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group continually monitors its cash and investments to ensure that the Group meets its liquidity requirements. The Group’s asset allocation is designed to enable insurance liabilities to be met with current assets.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All liabilities are non-interest bearing liabilities, except for the lease liabilities accounted for under IFRS 16 “Leases”.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The table below summarizes the maturity profile of the Group’s financial liabilities at 31 December based on contractual undiscounted payments:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Less than<br/> one year</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">More than<br/> one year</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: justify">2022</td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify">Gross outstanding claims</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">268,356</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">366,214</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">634,570</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Gross unearned premiums</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">268,010</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">86,022</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">354,032</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Insurance payables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">81,812</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">5,000</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">86,812</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Other liabilities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">27,057</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,181</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">29,238</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Derivative financial liability*</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-429">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,005</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,005</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Unearned commissions</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">15,927</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">881</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">16,808</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt">Total liabilities</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">661,162</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">470,303</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,131,465</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt; font-weight: bold; text-align: right"> </td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt; font-weight: bold; text-align: right"> </td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt; font-weight: bold; text-align: right"> </td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: justify">2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Gross outstanding claims</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">210,691</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">365,208</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">575,899</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Gross unearned premiums</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">251,691</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">77,035</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">328,726</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Insurance payables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">84,519</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">89,519</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Other liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,357</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,071</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,428</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Derivative financial liability*</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-430">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,938</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Unearned commissions</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">12,285</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,440</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">13,725</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt">Total liabilities</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">585,543</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">464,692</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,050,235</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="margin: 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 35pt; text-align: left">*</td><td style="text-indent: -0.25in; text-align: justify">There is no contractual obligation to settle the Warrants in cash.</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Maturity analysis of assets and liabilities</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The table below shows analysis of assets and liabilities analyzed according to when they are expected to be recovered or settled:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="14" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Less than<br/> one year</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">More than<br/> one year</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">No term</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">ASSETS</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: justify">Cash and cash equivalents</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">122,143</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">15,800</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-431">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">137,943</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Term deposits</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">265,691</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">31,335</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-432">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">297,026</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Insurance receivables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">179,229</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">5,618</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-433">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">184,847</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Investments</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">75,585</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">415,490</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">43,647</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">534,722</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Investments in associates</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-434">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-435">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">6,049</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">6,049</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Reinsurance share of outstanding claims</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">91,520</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">97,303</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-436">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">188,823</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Reinsurance share of unearned premiums</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">67,772</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,747</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-437">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">70,519</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Deferred excess of loss premiums</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">19,671</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-438">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-439">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">19,671</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Deferred policy acquisition costs</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">45,961</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">23,431</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-440">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">69,392</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Deferred tax assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">419</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">5,237</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-441">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">5,656</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Other assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">14,325</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-442">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-443">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">14,325</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Investment properties</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-444">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-445">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">15,119</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">15,119</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Property, premises and equipment</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-446">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">13,448</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-447">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">13,448</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Intangible assets</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-448">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,556</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-449">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3,556</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt">TOTAL ASSETS</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">882,316</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">613,965</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">64,815</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,561,096</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">LIABILITIES AND EQUITY</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: justify">LIABILITIES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Gross outstanding claims</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">268,356</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">366,214</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-450">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">634,570</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Gross unearned premiums</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">268,010</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">86,022</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-451">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">354,032</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Insurance payables</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">81,812</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">5,000</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-452">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">86,812</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Other liabilities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">27,008</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,088</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-453">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">29,096</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Derivative financial liability</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-454">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,005</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-455">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,005</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Unearned commissions</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">15,927</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">881</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-456">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">16,808</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 1.5pt">TOTAL LIABILITIES</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">661,113</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">470,210</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-457">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,131,323</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: justify">EQUITY</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Common shares at par value</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-458">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-459">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">490</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">490</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Share premium</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-460">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-461">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">159,918</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">159,918</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Treasury shares</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-462">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-463">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(14</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(14</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Foreign currency translation reserve</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-464">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-465">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,083</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,083</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Fair value reserve</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-466">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-467">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(38,979</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(38,979</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Retained earnings</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-468">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-469">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">307,275</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">307,275</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 1.5pt">TOTAL EQUITY</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-470">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-471">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">429,773</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">429,773</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt">TOTAL LIABILITIES AND EQUITY</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">661,113</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">470,210</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">429,773</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,561,096</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="14" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Less than<br/> one year</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">More than<br/> one year</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">No term</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">ASSETS</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: justify">Cash and cash equivalents</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">231,746</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">10,400</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-472">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">242,146</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Term deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">136,278</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">43,688</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-473">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">179,966</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Insurance receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">171,132</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,213</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-474">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">179,345</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Investments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">44,470</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">376,446</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">49,306</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">470,222</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Investments in associates</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-475">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-476">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,693</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,693</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Reinsurance share of outstanding claims</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">71,199</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">111,049</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-477">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">182,248</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Reinsurance share of unearned premiums</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">59,235</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,889</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-478">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">64,124</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Deferred excess of loss premiums</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">17,206</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-479">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">17,238</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Deferred policy acquisition costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">43,785</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">21,057</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-480">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">64,842</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Deferred tax assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">426</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-481">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">471</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Other assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,942</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-482">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-483">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,942</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Investment properties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-484">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-485">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,308</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,308</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Property, premises and equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-486">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,859</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-487">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,859</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Intangible assets</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-488">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,321</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-489">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,321</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt">TOTAL ASSETS</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">785,038</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">595,380</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">71,307</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,451,725</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">LIABILITIES AND EQUITY</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: justify">LIABILITIES</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Gross outstanding claims</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">210,691</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">365,208</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-490">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">575,899</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Gross unearned premiums</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">251,691</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">77,035</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-491">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">328,726</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Insurance payables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">84,519</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-492">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">89,519</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Other liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,287</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,752</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-493">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,039</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Derivative financial liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-494">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,938</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-495">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,938</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Deferred tax liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-496">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-497">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Unearned commissions</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">12,285</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,440</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-498">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">13,725</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: justify; padding-bottom: 1.5pt">TOTAL LIABILITIES</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">585,473</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">464,387</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-499">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,049,860</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">EQUITY</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Common shares at par value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-500">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-501">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">489</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">489</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Share premium</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-502">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-503">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">159,545</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">159,545</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Foreign currency translation reserve</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-504">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-505">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">992</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">992</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Fair value reserve</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-506">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-507">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,215</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,215</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Retained earnings</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-508">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-509">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">232,624</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">232,624</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 1.5pt">TOTAL EQUITY</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-510">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-511">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">401,865</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">401,865</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt">TOTAL LIABILITIES AND EQUITY</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">585,473</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">464,387</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">401,865</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">1,451,725</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Capital management</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group manages its capital by ‘Enterprise Risk Management’ techniques, using a dynamic financial analysis model. The Asset Liability match is reviewed and monitored on a regular basis to maintain a strong credit rating and healthy capital adequacy ratios to support its business objectives and maximize shareholders’ value.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Adjustments to capital levels are made in light of changes in market conditions and risk characteristics of the Group’s activities.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Capital comprises issued share capital, common shares, share premium, additional paid in capital, treasury shares, foreign currency translation reserve, fair value reserve, and retained earnings and is measured at USD 429,773 thousand as at 31 December 2022 (2021: USD 401,865 thousand).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The capital requirements imposed on the Group’s regulated entities are as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">International General Insurance Co. Ltd (Bermuda)</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Bermuda Insurance Act 1978 and Related Regulations (the Act) requires the Company to meet a minimum solvency margin. The Company has met the minimum solvency margin requirement at 31 December 2022 and 2021. In addition, a minimum liquidity ratio must be maintained whereby relevant assets, as defined by the Act, must exceed 75% of relevant liabilities. This ratio was met at 31 December 2022 and 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under the Insurance Act, the Company is subject to capital requirements calculated using the Bermuda Solvency and Capital Requirement model (“BSCR model”), which is a standardized statutory risk-based capital model used to measure the risk associated with the Company’s assets, liabilities and premiums. Under the BSCR model, the Company’s required statutory capital and surplus is referred to as the enhanced capital requirement (“ECR”). The Company is required to calculate and submit the ECR to the Bermuda Monetary authority (“BMA”) annually. Following receipt of the submission of the Company’s ECR, the BMA has the authority to impose additional capital requirements or capital add-ons, if it deems necessary. If an insurer fails to maintain or meet its ECR, the BMA may take various degrees of regulatory action. As at 31 December 2022 and 2021, the Company met its ECR.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">International General Insurance Company (UK) Limited</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company is regulated by the Prudential Regulation Authority (“PRA”) and is subject to insurance solvency regulations which specify the minimum amount and type of capital that must be held in addition to the insurance liabilities.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Since 1 January 2016 the Company has been subject to the Solvency II regime and is required to meet a Solvency Coverage Ratio (“SCR”) which is calibrated to seek to ensure a 99.5% confidence of the ability to meet its obligations over a 12-month time horizon. The Company calculates its SCR in accordance with the standard formula prescribed in the Solvency II regulations as the assumptions underlying the standard formula are considered to be a good fit for the Company’s risk profile.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company has met all requirements for the years ended 31 December 2022 and 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">International General Insurance Company Ltd. Labuan Branch</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Branch is subjected to minimum capital requirements under the Labuan Financial Services and Securities Act 2010.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Branch monitors and ensures its capital is within the minimum solvency margins requirements under the Labuan Financial Services and Securities Act 2010 at all times. If there are any, large event which will affect the Branch’s ability to maintain solvency margins requirements, the Branch will notify the head office to cash call in advance.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As at 31 December 2022 and 2021, the Branch met the minimum solvency margin requirements.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">International General Insurance Company (Europe) SE</p><p style="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company is regulated by the Malta Financial Services Authority.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The company is subject to the Solvency II regime and is required to meet a Solvency Coverage Ratio (SCR) which is calibrated to seek to ensure a 99.5% confidence of the ability to meet its obligations over a 12-month time horizon. The Company calculates its SCR in accordance with the standard formula prescribed in the Solvency II regulations as the assumptions underlying the standard formula are considered to be a good fit for the Company’s risk profile.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company has met all requirements for the year ended 31 December 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fair value</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation techniques:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Level 1:</b> Quoted (unadjusted) prices in active markets for identical assets or liabilities;</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Level 2:</b> Other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly; and</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Level 3:</b> Techniques which use inputs which have a significant effect on the recorded fair value that are not based on observable market data.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="14" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Level 1</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Level 2</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Level 3</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Assets measured at fair value:</td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%">FVTPL</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">13,201</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">12,237</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-512">-</div></td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">25,438</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Quoted equities at FVOCI</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,845</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-513">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-514">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">10,845</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Quoted bonds at FVOCI</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">100,966</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">388,115</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-515">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">489,081</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Unquoted equities at FVOCI*</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-516">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-517">-</div></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">7,364</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">7,364</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Investment properties</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-518">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-519">-</div></td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">15,119</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">15,119</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">125,012</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">400,352</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">22,483</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">547,847</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">Liabilities measured at fair value:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 4pt">Derivative financial liability</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">-</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">10,005</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-520">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">10,005</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During 2022, the management started to use a set of standard rules that are designed to function as market consensus for determining fair value levels. Accordingly, quoted bonds at fair value through other comprehensive income amounting to USD 223,958 thousand were transferred from level 1 to level 2 as at 31 December 2022. In addition, quoted bonds at fair value through other comprehensive income amounting to USD 1,576 thousand were transferred from level 2 to level 1 as at 31 December 2022. These transfers between levels 1 and 2 occur depending on the input that is significant to the fair value measurement of the financial assets.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">There were no transfers into or out of Level 3 during the year 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="14" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Level 1</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Level 2</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Level 3</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Assets measured at fair value:</td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%">FVTPL</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">14,162</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">14,377</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-521">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">28,539</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Quoted equities at FVOCI</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,721</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-522">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-523">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,721</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Quoted bonds at FVOCI</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">356,141</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">62,304</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-524">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">418,445</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Unquoted equities at FVOCI*</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-525">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-526">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,046</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,046</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Investment properties</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-527">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-528">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">16,308</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">16,308</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">384,024</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">76,681</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">23,354</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">484,059</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify">Liabilities measured at fair value:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 4pt">Derivative financial liability</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">-</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">12,938</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-529">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">12,938</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The management has refined the criteria for financial assets being allocated to level 1, accordingly, USD 14,377 thousand and USD 62,304 thousand of financial assets through profit or loss and quoted bonds at fair value through other comprehensive income, respectively, were transferred out of level 1 to level 2.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Derivative financial liability was transferred from level 1 to level 2 due to lack of sufficient trading volume at year end 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">There were no transfers into or out of Level 3 during the year 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.25in; text-align: left">*</td><td style="text-align: justify">Reconciliation of fair value of the unquoted equities under level 3 fair value hierarchy is as follows:</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify; padding-left: 0pt">Balance at the beginning of the year</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">7,046</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">6,748</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; text-align: left; padding-left: 0pt">Total gains recognized in OCI</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">318</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">298</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; text-align: justify; padding-left: 0pt">Balance at the end of the year</td><td style="padding-bottom: 4pt; font-weight: bold"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">7,364</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">7,046</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022 igic Geographical Concentration Of Risk Gross Written Premiums
GeographicalConcentrationOfRiskGrossWrittenPremiums
581847000 usd
CY2021 igic Geographical Concentration Of Risk Gross Written Premiums
GeographicalConcentrationOfRiskGrossWrittenPremiums
545582000 usd
CY2020 igic Geographical Concentration Of Risk Gross Written Premiums
GeographicalConcentrationOfRiskGrossWrittenPremiums
467273000 usd
CY2022 igic Line Of Business Concentration Of Risk Gross Witten Premiums
LineOfBusinessConcentrationOfRiskGrossWittenPremiums
581847000 usd
CY2021 igic Line Of Business Concentration Of Risk Gross Witten Premiums
LineOfBusinessConcentrationOfRiskGrossWittenPremiums
545582000 usd
CY2020 igic Line Of Business Concentration Of Risk Gross Witten Premiums
LineOfBusinessConcentrationOfRiskGrossWittenPremiums
467273000 usd
CY2022Q4 igic Financial Assets At Fvtpl
FinancialAssetsAtFVTPL
25438000 usd
CY2022Q4 igic Financial Assets At Fvoci
FinancialAssetsAtFVOCI
507290000 usd
CY2022Q4 ifrs-full Financial Assets At Amortised Cost
FinancialAssetsAtAmortisedCost
1994000 usd
CY2022Q4 igic Cash And Term Deposits
CashAndTermDeposits
434969000 usd
CY2022Q4 igic Total Financial Assets
TotalFinancialAssets
969691000 usd
CY2021Q4 igic Financial Assets At Fvtpl
FinancialAssetsAtFVTPL
28539000 usd
CY2021Q4 igic Financial Assets At Fvoci
FinancialAssetsAtFVOCI
439212000 usd
CY2021Q4 ifrs-full Financial Assets At Amortised Cost
FinancialAssetsAtAmortisedCost
2471000 usd
CY2021Q4 igic Cash And Term Deposits
CashAndTermDeposits
422112000 usd
CY2021Q4 igic Total Financial Assets
TotalFinancialAssets
892334000 usd
CY2022Q4 igic Fvoci Debts Securities
FvociDebtsSecurities
489081000 usd
CY2022Q4 igic Financial Assets At Amortized Cost
FinancialAssetsAtAmortizedCost
1994000 usd
CY2022Q4 igic Insurances Receivable
InsurancesReceivable
184847000 usd
CY2022Q4 igic Reinsurances Share Of Outstanding Claim
ReinsurancesShareOfOutstandingClaim
188823000 usd
CY2022Q4 igic Defferred Excess Of Loss Premiums
DefferredExcessOfLossPremiums
19671000 usd
CY2022Q4 igic Cash And Cash Equivalent
CashAndCashEquivalent
137943000 usd
CY2022Q4 igic Term Deposit
TermDeposit
297026000 usd
CY2022Q4 igic Credit Risk Exposure Of Group By Classifying Assets
CreditRiskExposureOfGroupByClassifyingAssets
1319385000 usd
CY2021Q4 igic Fvoci Debts Securities
FvociDebtsSecurities
418445000 usd
CY2021Q4 igic Financial Assets At Amortized Cost
FinancialAssetsAtAmortizedCost
2471000 usd
CY2021Q4 igic Insurances Receivable
InsurancesReceivable
179345000 usd
CY2021Q4 igic Reinsurances Share Of Outstanding Claim
ReinsurancesShareOfOutstandingClaim
182248000 usd
CY2021Q4 igic Defferred Excess Of Loss Premiums
DefferredExcessOfLossPremiums
17238000 usd
CY2021Q4 igic Cash And Cash Equivalent
CashAndCashEquivalent
242146000 usd
CY2021Q4 igic Term Deposit
TermDeposit
179966000 usd
CY2021Q4 igic Credit Risk Exposure Of Group By Classifying Assets
CreditRiskExposureOfGroupByClassifyingAssets
1221859000 usd
CY2022Q4 ifrs-full Bonds Issued
BondsIssued
489081000 usd
CY2022Q4 igic Unquoted Bonds1
UnquotedBonds1
1994000 usd
CY2022Q4 igic Bond And Unquoted Bonds
BondAndUnquotedBonds
491075000 usd
CY2021Q4 ifrs-full Bonds Issued
BondsIssued
418445000 usd
CY2021Q4 igic Unquoted Bonds1
UnquotedBonds1
2471000 usd
CY2021Q4 igic Bond And Unquoted Bonds
BondAndUnquotedBonds
420916000 usd
CY2022Q4 igic Bonds And Debt Issued
BondsAndDebtIssued
491075000 usd
CY2021Q4 igic Bonds And Debt Issued
BondsAndDebtIssued
420916000 usd
CY2022Q4 igic Gross Of Outstanding Claims
GrossOfOutstandingClaims
634570000 usd
CY2022Q4 igic Gross Of Unearned Premiums
GrossOfUnearnedPremiums
354032000 usd
CY2022Q4 igic Insurance Of Payables
InsuranceOfPayables
86812000 usd
CY2022Q4 igic Other Liabilities1
OtherLiabilities1
29238000 usd
CY2022Q4 ifrs-full Current Warrant Liability
CurrentWarrantLiability
10005000 usd
CY2022Q4 igic Unearned Of Commissions
UnearnedOfCommissions
16808000 usd
CY2022Q4 ifrs-full Other Financial Liabilities
OtherFinancialLiabilities
1131465000 usd
CY2021Q4 igic Gross Of Outstanding Claims
GrossOfOutstandingClaims
575899000 usd
CY2021Q4 igic Gross Of Unearned Premiums
GrossOfUnearnedPremiums
328726000 usd
CY2021Q4 igic Insurance Of Payables
InsuranceOfPayables
89519000 usd
CY2021Q4 igic Other Liabilities1
OtherLiabilities1
29428000 usd
CY2021Q4 ifrs-full Current Warrant Liability
CurrentWarrantLiability
12938000 usd
CY2021Q4 igic Unearned Of Commissions
UnearnedOfCommissions
13725000 usd
CY2021Q4 ifrs-full Other Financial Liabilities
OtherFinancialLiabilities
1050235000 usd
CY2022Q4 igic Capital Management Allowance
CapitalManagementAllowance
429773000 usd
CY2021Q4 igic Capital Management Allowance
CapitalManagementAllowance
401865000 usd
CY2022Q4 igic Relevant Liabilities Percentage
RelevantLiabilitiesPercentage
0.75 pure
CY2022 igic Calibrated Seek To Ensure Description
CalibratedSeekToEnsureDescription
99.5%
CY2022 igic Percentage Of Solvency Coverage Ratio
PercentageOfSolvencyCoverageRatio
0.995 pure
CY2022 ifrs-full Earnings Per Share Explanatory
EarningsPerShareExplanatory
<p style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> 30. EARNINGS PER SHARE</p><p style="margin-top: 0; margin-bottom: 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Basic earnings per share represents the profits attributable to the ordinary shareholders divided by the weighted average number of common shares outstanding during the periods.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Diluted earnings per share represents the profits attributable to the ordinary shareholders divided by the weighted average number of ordinary shares outstanding during the period plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As at 31 December 2022, the earnout shares and restricted share awards were unvested, however, since these shares contain a nonforfeitable rights to dividends, whether paid or unpaid, they are considered as participating securities and hence included in the computation of both basic and diluted earnings per share.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the closing of the Business Combination the Company issued 17,250,000 warrants, including (i) 12,750,000 warrants issued to former stockholders of Tiberius and (ii) 4,500,000 warrants that were issued in exchange for 4,000,000 Tiberius warrants transferred to Wasef Jabsheh and 500,000 Tiberius warrants transferred to Argo Re Ltd., a Bermuda exempted company (see note 17 and 33). The Warrants were not included in the calculation of the diluted earnings per shares, as the average market price of ordinary shares during the year has not exceeded the exercise price of the Warrants and therefore their effect would be antidilutive.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table shows the calculation of the basic and diluted earnings per share for the years ended 31 December 2022, 2021 and 2020.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table reflects the income and share data used in the basic and diluted EPS calculations:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2020</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify">Profit for the year (USD ’000)</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">85,465</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">43,696</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">27,251</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Less: profit attributable to the Earnout Shares (USD ’000)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">5,256</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,693</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,690</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Less: profit attributable to the Restricted Shares Awards (USD ’000)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,164</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">355</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">75</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Net profit available to common shareholders (USD ’000)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">79,045</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">40,648</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,486</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt"><div style="-sec-ix-hidden: hidden-fact-532; -sec-ix-hidden: hidden-fact-531; -sec-ix-hidden: hidden-fact-530">Weighted average number of shares – basic and diluted</div></td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">45,546,272</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">45,470,961</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">43,047,915</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 4pt"><div style="-sec-ix-hidden: hidden-fact-535; -sec-ix-hidden: hidden-fact-534; -sec-ix-hidden: hidden-fact-533">Basic and diluted earnings per share (USD)</div></td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1.74</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">0.89</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">0.59</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
CY2022 igic Description Of Warrants Issued For Business Combination
DescriptionOfWarrantsIssuedForBusinessCombination
the Company issued 17,250,000 warrants, including (i) 12,750,000 warrants issued to former stockholders of Tiberius and (ii) 4,500,000 warrants that were issued in exchange for 4,000,000 Tiberius warrants transferred to Wasef Jabsheh and 500,000 Tiberius warrants transferred to Argo Re Ltd., a Bermuda exempted company (see note 17 and 33).
CY2022 ifrs-full Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity
ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity
85465000 usd
CY2021 ifrs-full Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity
ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity
43696000 usd
CY2020 ifrs-full Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity
ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity
27251000 usd
CY2022 igic Profit Attributable To Earnout Shares
ProfitAttributableToEarnoutShares
5256000 usd
CY2021 igic Profit Attributable To Earnout Shares
ProfitAttributableToEarnoutShares
2693000 usd
CY2020 igic Profit Attributable To Earnout Shares
ProfitAttributableToEarnoutShares
1690000 usd
CY2022 igic Less Profit Attributable To The Restricted Shares Awardsnote11 Usd000
LessProfitAttributableToTheRestrictedSharesAwardsnote11USD000
1164000 usd
CY2021 igic Less Profit Attributable To The Restricted Shares Awardsnote11 Usd000
LessProfitAttributableToTheRestrictedSharesAwardsnote11USD000
355000 usd
CY2020 igic Less Profit Attributable To The Restricted Shares Awardsnote11 Usd000
LessProfitAttributableToTheRestrictedSharesAwardsnote11USD000
75000 usd
CY2022 igic Net Profit Available To Common Shareholders
NetProfitAvailableToCommonShareholders
79045000 usd
CY2021 igic Net Profit Available To Common Shareholders
NetProfitAvailableToCommonShareholders
40648000 usd
CY2020 igic Net Profit Available To Common Shareholders
NetProfitAvailableToCommonShareholders
25486000 usd
CY2022 ifrs-full Weighted Average Shares
WeightedAverageShares
45546272 shares
CY2021 ifrs-full Weighted Average Shares
WeightedAverageShares
45470961 shares
CY2020 ifrs-full Weighted Average Shares
WeightedAverageShares
43047915 shares
CY2022 igic Basic And Diluted Earnings Loss Per Share
BasicAndDilutedEarningsLossPerShare
1.74
CY2021 igic Basic And Diluted Earnings Loss Per Share
BasicAndDilutedEarningsLossPerShare
0.89
CY2020 igic Basic And Diluted Earnings Loss Per Share
BasicAndDilutedEarningsLossPerShare
0.59
CY2022 igic Gross Written Premiums
GrossWrittenPremiums
581847000 usd
CY2022 igic Reinsurers Share Of Insurance Premiums
ReinsurersShareOfInsurancePremiums
-186483000 usd
CY2022 igic Net Written Premiums
NetWrittenPremiums
395364000 usd
CY2022 igic Net Change In Unearned Premium
NetChangeInUnearnedPremium
-18911000 usd
CY2022 igic Amountofnetpremiumsearned
Amountofnetpremiumsearned
376453000 usd
CY2022 igic Net Policy Acquisitions Expenses
NetPolicyAcquisitionsExpenses
-70245000 usd
CY2022 igic Net Claim And Claim Adjustment Expense
NetClaimAndClaimAdjustmentExpense
-157700000 usd
CY2022 igic Net Underwriting Results
NetUnderwritingResults
148508000 usd
CY2022 igic General And Administrative Expenses
GeneralAndAdministrativeExpenses
-67453000 usd
CY2022 ifrs-full Investment Income
InvestmentIncome
16364000 usd
CY2022 igic Share Of Profit Or Loss From Associates
ShareOfProfitOrLossFromAssociates
209000 usd
CY2022 ifrs-full Impairment Loss On Financial Assets
ImpairmentLossOnFinancialAssets
-3154000 usd
CY2022 igic Other Revenues
OtherRevenues
2286000 usd
CY2022 igic Other Expense
OtherExpense
-2828000 usd
CY2022 ifrs-full Increase Decrease In Fair Value Measurement Entitys Own Equity Instruments
IncreaseDecreaseInFairValueMeasurementEntitysOwnEquityInstruments
2933000 usd
CY2022 igic Gain Loss On Foreign Exchange
GainLossOnForeignExchange
-9138000 usd
CY2022 ifrs-full Profit Loss From Discontinued Operations
ProfitLossFromDiscontinuedOperations
87727000 usd
CY2022 igic Income Tax Expenses
IncomeTaxExpenses
-2262000 usd
CY2022 ifrs-full Profit Loss
ProfitLoss
85465000 usd
CY2021 igic Gross Written Premiums
GrossWrittenPremiums
545582000 usd
CY2021 igic Reinsurers Share Of Insurance Premiums
ReinsurersShareOfInsurancePremiums
-162973000 usd
CY2021 igic Net Written Premiums
NetWrittenPremiums
382609000 usd
CY2021 igic Net Change In Unearned Premium
NetChangeInUnearnedPremium
-37411000 usd
CY2021 igic Amountofnetpremiumsearned
Amountofnetpremiumsearned
345198000 usd
CY2021 igic Net Policy Acquisitions Expenses
NetPolicyAcquisitionsExpenses
-63166000 usd
CY2021 igic Net Claim And Claim Adjustment Expense
NetClaimAndClaimAdjustmentExpense
-176192000 usd
CY2021 igic Net Underwriting Results
NetUnderwritingResults
105840000 usd
CY2021 igic General And Administrative Expenses
GeneralAndAdministrativeExpenses
-58946000 usd
CY2021 ifrs-full Investment Income
InvestmentIncome
16034000 usd
CY2021 igic Share Of Profit Or Loss From Associates
ShareOfProfitOrLossFromAssociates
-7248000 usd
CY2021 ifrs-full Impairment Loss On Financial Assets
ImpairmentLossOnFinancialAssets
-5181000 usd
CY2021 igic Other Revenues
OtherRevenues
1844000 usd
CY2021 igic Other Expense
OtherExpense
-2693000 usd
CY2021 ifrs-full Increase Decrease In Fair Value Measurement Entitys Own Equity Instruments
IncreaseDecreaseInFairValueMeasurementEntitysOwnEquityInstruments
690000 usd
CY2021 igic Gain Loss On Foreign Exchange
GainLossOnForeignExchange
-4897000 usd
CY2021 ifrs-full Profit Loss From Discontinued Operations
ProfitLossFromDiscontinuedOperations
45443000 usd
CY2021 igic Income Tax Expenses
IncomeTaxExpenses
-1747000 usd
CY2021 ifrs-full Profit Loss
ProfitLoss
43696000 usd
CY2020 igic Gross Written Premiums
GrossWrittenPremiums
467273000 usd
CY2020 igic Reinsurers Share Of Insurance Premiums
ReinsurersShareOfInsurancePremiums
-128863000 usd
CY2020 igic Net Written Premiums
NetWrittenPremiums
338410000 usd
CY2020 igic Net Change In Unearned Premium
NetChangeInUnearnedPremium
-54894000 usd
CY2020 igic Amountofnetpremiumsearned
Amountofnetpremiumsearned
283516000 usd
CY2020 igic Net Policy Acquisitions Expenses
NetPolicyAcquisitionsExpenses
-54490000 usd
CY2020 igic Net Claim And Claim Adjustment Expense
NetClaimAndClaimAdjustmentExpense
-151672000 usd
CY2020 igic Net Underwriting Results
NetUnderwritingResults
77354000 usd
CY2020 igic General And Administrative Expenses
GeneralAndAdministrativeExpenses
-46923000 usd
CY2020 ifrs-full Investment Income
InvestmentIncome
9967000 usd
CY2020 igic Share Of Profit Or Loss From Associates
ShareOfProfitOrLossFromAssociates
-1479000 usd
CY2020 ifrs-full Impairment Loss On Financial Assets
ImpairmentLossOnFinancialAssets
-2861000 usd
CY2020 igic Other Revenues
OtherRevenues
372000 usd
CY2020 igic Other Expense
OtherExpense
-1892000 usd
CY2020 igic Listing Related Expense
ListingRelatedExpense
-3366000 usd
CY2020 ifrs-full Increase Decrease In Fair Value Measurement Entitys Own Equity Instruments
IncreaseDecreaseInFairValueMeasurementEntitysOwnEquityInstruments
-4418000 usd
CY2020 igic Gain Loss On Foreign Exchange
GainLossOnForeignExchange
2572000 usd
CY2020 ifrs-full Profit Loss From Discontinued Operations
ProfitLossFromDiscontinuedOperations
29326000 usd
CY2020 igic Income Tax Expenses
IncomeTaxExpenses
-2075000 usd
CY2020 ifrs-full Profit Loss
ProfitLoss
27251000 usd
CY2022 ifrs-full Disclosure Of Geographical Areas Explanatory
DisclosureOfGeographicalAreasExplanatory
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-style: italic; text-align: center; border-bottom: Black 1.5pt solid">USD ’000</td><td style="padding-bottom: 1.5pt; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify; padding-left: 0pt">Middle East</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">29,334</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">32,165</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">North Africa</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">203</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">301</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">UK</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">2,470</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,968</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Asia</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">8</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Europe</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">20</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">23</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">North America</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">88</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-675">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">32,123</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">35,488</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2022 igic Noncurrent Operating Assets
NoncurrentOperatingAssets
32123000 usd
CY2021 igic Noncurrent Operating Assets
NoncurrentOperatingAssets
35488000 usd
CY2022 ifrs-full Disclosure Of Sharebased Payment Arrangements Explanatory
DisclosureOfSharebasedPaymentArrangementsExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.5in; text-align: left">32.</td><td style="text-align: justify">SHARE-BASED PAYMENTS</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On 3 June 2<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">020, the Board of Directors approved the Group’s share-based employee compensation plan, the 2020 Omnibus Incentive Plan (“the Plan”). Under the Plan, the following awards may be granted:</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Options to buy Common Shares (“Stock Options”), which may be either incentive stock options (“Incentive Stock Options” or “ISOs”) qualified under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), or non-qualified stock options (“Non-Qualified Stock Options” or “NQSOs”), which do not satisfy the requirements of Incentive Stock Options;</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Share appreciation rights (“SARs”) (including tandem, non-tandem and limited SARs);</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Restricted share awards (“Restricted Share Awards”);</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Performance awards denominated in Common Shares or cash (“Performance Awards”);</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other share-based awards (“Other Share-Based Awards”), including but not limited to restricted share units (“RSUs”); and</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.75in"/><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other cash-based awards (“Other Cash-Based Awards”).</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Grant date fair values represent the closing quoted prices of the Company’s share on Nasdaq on the dates when awards were officially co</span>mmunicated to the participants and shall be applicable for all the three vesting tranches.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Participant’s continued service with the Company or any of its Subsidiaries on each applicable vesting date is the only vesting condition to be met. There is no other performance related condition attached to the vesting of shares.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The movement on the number of restricted shares during the year is as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; padding-left: 0pt">Balance at 1 January</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">396,857</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">134,500</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt">Restricted shares granted</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">428,377</td><td style="font-weight: bold; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">312,190</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt">Restricted shares vested</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(146,386</td><td style="font-weight: bold; text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(44,833</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; padding-left: 0pt">Restricted shares forfeited</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(11,667</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(5,000</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 4pt; padding-left: 0pt">Balance at 31 December</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">667,181</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">396,857</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company has applied the graded vesting method in recognition of share-based payment expense. Accordingly, the Company has assessed the expected length of service period from date of shares grant until end of each vesting period respectively and considered this to determine proportionate earnout shares at 31 December 2022 and 2021 attributed to each vesting tranche.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Number of earnout shares to be considered for accounting purposes at year end for each tranche are as follow:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: center"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center"><b>Earn out shares</b></td><td colspan="3" style="padding-bottom: 1.5pt"> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Grant</td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Days from grant date</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>From first</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>vesting (tranche 1)</i></b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>From second</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>vesting (tranche 2)</i></b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>From third</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>vesting (tranche 3)</i></b></p></td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Total</td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">31 December 2022</td><td> </td> <td> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 22%; padding-left: 0pt"> </td><td style="width: 1%"> </td> <td style="width: 20%; padding-left: 0pt">7 October 2020 grant</td><td style="width: 1%"> </td> <td style="width: 9%; text-align: center">816</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(1,926</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">20,005</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="text-align: right; width: 9%">18,079</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="padding-left: 0pt">16 February 2021 grant</td><td> </td> <td style="text-align: center">684</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">374</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,601</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,668</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">49,643</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt"> </td><td> </td> <td style="padding-left: 0pt">31 March 2021 grant</td><td> </td> <td style="text-align: center">641</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">317</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,013</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,955</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">41,285</td> <td> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="padding-left: 0pt">9 February 2022 grant</td><td> </td> <td style="text-align: center">326</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">90,454</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">43,602</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,051</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">163,107</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 0pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; padding-left: 0pt">24 March 2022 grant</td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; padding-bottom: 1.5pt">283</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">49,443</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">21,679</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">13,869</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right">84,991</td> <td> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="font-weight: bold; padding-bottom: 4pt; padding-left: 0pt">Total</td><td style="padding-bottom: 4pt"> </td> <td style="text-align: center; padding-bottom: 4pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">140,588</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">117,969</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">98,548</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">357,105</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-left: 0pt">31 December 2021</td><td> </td> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: center"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="padding-left: 0pt">7 October 2020 grant</td><td> </td> <td style="text-align: center">451</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,019</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">33,635</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,627</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">53,281</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0pt"> </td><td> </td> <td style="padding-left: 0pt">16 February 2021 grant</td><td> </td> <td style="text-align: center">319</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">59,626</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">27,901</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,211</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right">105,738</td> <td> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; padding-left: 0pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; padding-left: 0pt">31 March 2021 grant</td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; padding-bottom: 1.5pt">276</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">43,746</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">18,914</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">12,065</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: right">74,725</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="font-weight: bold; padding-bottom: 4pt; padding-left: 0pt">Total</td><td style="padding-bottom: 4pt"> </td> <td style="text-align: center; padding-bottom: 4pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">104,391</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">80,450</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">48,903</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: right">233,744</td> <td> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Accordingly, total earnout shares of 357,105 at 31 December 2022 (2021: 233,744) are measured at the shares grant date fair value to arrive at expense recognized for the share-based payment. For the year ended 31 December 2022, share-based payments expense of USD 2,754 thousand (2021: USD 1,871 thousand) (2020: USD 450 thousand) was recorded in the consolidated statement of income with a corresponding credit to common shares and share premium as shown in the consolidated statement of changes in equity.</p>
CY2021Q4 igic Restricted Shares
RestrictedShares
396857 shares
CY2020Q4 igic Restricted Shares
RestrictedShares
134500 shares
CY2022 igic Restricted Shares Granted
RestrictedSharesGranted
428377 shares
CY2021 igic Restricted Shares Granted
RestrictedSharesGranted
312190 shares
CY2022 igic Restricted Shares Vested
RestrictedSharesVested
-146386 shares
CY2021 igic Restricted Shares Vested
RestrictedSharesVested
-44833 shares
CY2022 igic Restricted Shares Forfeited
RestrictedSharesForfeited
-11667 shares
CY2021 igic Restricted Shares Forfeited
RestrictedSharesForfeited
-5000 shares
CY2022Q4 igic Restricted Shares
RestrictedShares
667181 shares
CY2021Q4 igic Restricted Shares
RestrictedShares
396857 shares
CY2022Q4 igic Earnout Shares
EarnoutShares
357105 shares
CY2021Q4 igic Earnout Shares
EarnoutShares
233744 shares
CY2022 ifrs-full Expense From Sharebased Payment Transactions With Employees
ExpenseFromSharebasedPaymentTransactionsWithEmployees
2754000 usd
CY2021 ifrs-full Expense From Sharebased Payment Transactions With Employees
ExpenseFromSharebasedPaymentTransactionsWithEmployees
1871000 usd
CY2020 ifrs-full Expense From Sharebased Payment Transactions With Employees
ExpenseFromSharebasedPaymentTransactionsWithEmployees
450000 usd
CY2022 ifrs-full Disclosure Of Business Combinations Explanatory
DisclosureOfBusinessCombinationsExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">33.</td><td style="text-align: justify">BUSINESS COMBINATION</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On 17 March 2020, the definitive business agreement between International General Insurance Holdings Limited - Dubai (“IGI”) and Tiberius Acquisition Corp. (NASDAQ: TIBR) (“Tiberius”), a publicly traded special purpose acquisition company, and certain related parties, was effective (the “Business Combination”). As a result of the completion of the Business Combination, the Company became a new public company owned by the former stockholders of Tiberius and the former shareholders of IGI. Consequently, IGI and Tiberius became the Company’s subsidiaries.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Furthermore, in accordance with the Business Combination, USD 80,000 thousand of the transaction consideration was paid in cash to IGI former shareholders and accounted for as an adjustment against share premium in the consolidated statement of changes in equity.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the closing of the Business Combination, the Company:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.25in">1)</td><td style="text-align: justify">Issued (1) 29,759,999 common shares to former shareholders of IGI in exchange for their IGI shares and (2) 18,687,307 common shares to former stockholders of Tiberius, including (I) 9,339,924 common shares issued in exchange for public shares of Tiberius common stock that remained outstanding and not redeemed immediately prior to the closing of the Business Combination, (ii) 4,132,500 common shares issued in exchange for Tiberius founder shares, including 3,012,500 common shares (“Earnout Shares”) subject to vesting at prices ranging from USD 11.50 to USD 15.25 per share, (iii) 2,900,000 common shares issued in exchange for shares of Tiberius common stock that were issued to certain investors in a private placement pursuant to forward purchase agreements, and (iv) 2,314,883 common shares issued in exchange for shares of Tiberius common stock that were issued to certain investors in a private placement.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with the finalization of the purchase price under the Business Combination Agreement, all escrow shares issued to former shareholders of IGI were released from escrow and 8,555 shares were cancelled. Following the cancellation, the Group has 48,438,751 shares outstanding (including the 3,012,500 unvested shares).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Simultaneously with the execution of the Business Combination, out of total Earnout Shares issued to Tiberius founder shareholders, 1,170,348 shares were transferred to certain former shareholders of IGI.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table sets out the number of common shares issued in connection with the Business Combination:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">No. of shares</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Par value of 0.01 USD</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: right"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify; padding-left: 0pt">Common shares issued to former shareholders of IGI</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">29,751,444</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">298</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 0pt">Common shares issued to former stockholders of Tiberius *</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">15,674,807</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">157</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Unvested shares transferred to certain former shareholders of IGI</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,170,348</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">12</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Unvested Tiberius Founder shares</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,842,152</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">18</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 4pt; padding-left: 0pt"><b> </b></td><td style="padding-bottom: 4pt"><b> </b></td> <td style="border-bottom: Black 4pt double; text-align: left"><b> </b></td><td style="border-bottom: Black 4pt double; text-align: right"><b>48,438,751</b></td><td style="padding-bottom: 4pt; text-align: left"><b> </b></td><td style="padding-bottom: 4pt"><b> </b></td> <td style="border-bottom: Black 4pt double; text-align: left"><b> </b></td><td style="border-bottom: Black 4pt double; text-align: right"><b>485</b></td><td style="padding-bottom: 4pt; text-align: left"><b> </b></td></tr> </table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"/><td style="width: 0.25in; text-align: left">*</td><td style="text-align: justify">This item Includes 1,120,000 shares subject to one year lock-up restriction post Business Combination closing date.</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.25in">2)</td><td style="text-align: justify">In addition, on 17 March 2020 the Company issued 17,250,000 warrants, including (a) 12,750,000 warrants issued to former stockholders of Tiberius and (ii) 4,500,000 warrants that were issued in exchange for 4,000,000 Tiberius warrants transferred to Wasef Jabsheh and 500,000 Tiberius warrants transferred to Argo Re Ltd., a Bermuda exempted company (see note 17).</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.25in">3)</td><td style="text-align: justify">Eliminated IGI issued share capital in the amount of USD 143,376 thousand that ceased to exist upon consummation of the Business Combination.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.25in">4)</td><td style="text-align: justify">Eliminated IGI treasury shares in the amount of USD 20,103 thousand.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.25in">5)</td><td style="text-align: justify">Eliminated IGI additional paid in capital in the amount of USD 2,773 thousand.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.25in">6)</td><td style="text-align: justify">Adjusted the share premium as a result of the issuance of the common shares and warrants.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Accounting for the Business Combination</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The transaction is accounted for as a continuation of International General Insurance Holdings Limited - Dubai (“IGI”). Under this method of accounting, while the Company is the legal acquirer of both IGI and Tiberius, IGI has been identified as the accounting acquirer of Tiberius for accounting purposes. This determination was primarily based on IGI comprising the ongoing operations of the combined company, IGI senior management comprising the senior management of the combined company, and the former owners and management of IGI having control of the board of directors following the consummation of the transaction by virtue of being able to appoint a majority of the directors of the combined company. As Tiberius does not meet the definition of a business as defined in IFRS 3 - Business Combinations (“IFRS 3”), the purchase of the shares of the former owners of Tiberius is not within the scope of IFRS 3 and is accounted for as a share-based payment transaction in accordance with IFRS 2- Share-based payments (“IFRS 2”). Hence, the transaction was accounted for as the continuance of IGI with recognition of the identifiable assets acquired and the liabilities assumed of Tiberius at fair value. Operations prior to the transaction are those of IGI from an accounting point of view.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fair value measurement of the equity instruments issued in connection with the Business Combination</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with the business combination, equity instruments that were issued as a share-based consideration to Tiberius were as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.25in">(a)</td><td style="text-align: justify">Quoted common shares</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.25in">(b)</td><td style="text-align: justify">Founder shares subject to a one year lock-up restriction</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.25in">(c)</td><td style="text-align: justify">Earnout shares subject to vesting at differential price range</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under IFRS 2, fair values of above-mentioned equity instruments issued to Tiberius was compared to fair value of Tiberius identifiable net assets acquired (representing net cash received by IGI and its former shareholders net of the liabilities assumed by IGI in the form of the Public Warrants which represent financial instruments issued to former stockholders of Tiberius) in order to determine gain or loss on acquisition on 17 March 2020 (the valuation date).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In order to assess the appropriateness of using the closing quoted market price of Tiberius common stock on Nasdaq as a representative of the fair value of the common shares on the valuation date, management has performed liquidity assessment of Tiberius stock prior to the Business Combination from 11 March 2020 (being the last date of redemption rights available to Tiberius shareholders) until the valuation date.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Management does not consider the quoted Tiberius price to be an appropriate representation of fair value based on the illiquidity observed in the quoted price over the period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Instead, management has appointed an independent third-party valuation specialist to perform a valuation using a market approach to estimate the fair value of equity instruments issued to Tiberius’s stockholders. Accordingly, as an alternative valuation technique, IGI Common Shares (“Common Shares”) were valued using a market multiples approach, namely ‘Price- To- Book ratio’ multiples benchmarked against ‘Return on Equity’ and consequentially corroborated using ‘Price -To- Earnings’ multiples of each comparable company.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the shares that are subject to one-year transfer restriction, fair value is determined after applying a lock – in discount to the fair value determined for the common shares.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For purposes of determining the fair value of the Earnout Shares, a ‘Monte Carlo’ simulation approach was adopted to address the uncertainty of the time at which the shares will vest. In addition, this approach considers the share price as at the closing date, the threshold price, expected volatility (estimated using historical share price movements of comparable companies), expected dividend yield, the risk-free rate, and the earnout period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Based on the above, the following table summarizes the fair value of the equity instruments issued to Tiberius stockholders in connection with the Business Combination based on a market approach valuation:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: center"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left">Equity Instruments</td><td style="font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">No. of<br/> shares/<br/> warrants</td><td style="font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; white-space: nowrap; font-weight: bold; font-style: italic; text-align: center">Fair value<br/> per share/<br/> warrant</td><td style="font-weight: bold; font-style: italic"> </td><td style="font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Fair value</td><td style="font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="padding-bottom: 1.5pt; text-align: right"> </td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; width: 64%; text-align: justify">Common shares</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">14,554,807</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">6.85</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">99,715</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; text-align: justify">Vested Founder shares subject to one year lock-up restriction post Business Combination closing date</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">1,120,000</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">6.39</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">7,156</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: justify">Unvested Tiberius Founder shares</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">1,842,152</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">3.48</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">6,407</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10pt; padding-left: 10pt; font-weight: bold; text-align: justify"><b>Total Value of Consideration</b></td><td style="font-size: 1.5pt; padding-bottom: 4pt"><b> </b></td> <td style="border-bottom: Black 4pt double; font-size: 1.5pt; text-align: left"><b> </b></td><td style="border-bottom: Black 4pt double; font-size: 1.5pt; text-align: right"><b> </b></td><td style="padding-bottom: 4pt; font-size: 1.5pt; text-align: left"><b> </b></td><td style="font-size: 1.5pt; padding-bottom: 4pt"><b> </b></td> <td style="border-bottom: Black 4pt double; font-size: 1.5pt; text-align: left"><b> </b></td><td style="border-bottom: Black 4pt double; font-size: 1.5pt; text-align: right"><b> </b></td><td style="padding-bottom: 4pt; font-size: 1.5pt; text-align: left"><b> </b></td><td style="padding-bottom: 4pt"><b> </b></td> <td style="border-bottom: Black 4pt double; text-align: left"><b> </b></td><td style="border-bottom: Black 4pt double; text-align: right"><b>113,278</b></td><td style="padding-bottom: 4pt; text-align: left"><b> </b></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under IFRS 2, the transaction is measured at the fair value of the common shares deemed to have been issued by IGI for the ownership interest in the Company to be the same as if the transaction had taken the legal form of IGI acquiring 100% of Tiberius. The difference between the fair value equity instruments (common shares) “Value of Consideration” issued by IGI to Tiberius and the fair value of the later identifiable net assets acquired (representing net cash received by IGI and its former shareholders net of the liabilities assumed by IGI in the form of the Public Warrants which represent financial instruments issued to former stockholders of Tiberius) represents a bargain purchase. However, since transaction is accounted for under IFRS 2 and the outcome of fair value measurement represents a ‘bargain’ and not an ‘expense’, there is no listing expense to be recognized for the services received by IGI in connection with the transaction.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Using the fair valuation of the Common Shares (discussed above) as an input, the Public Warrants were valued as ‘American-style’ call options using a binomial tree approach on the valuation date.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The details of Tiberius net assets acquired are shown below:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left">Description</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: justify; padding-left: 0pt">Cash proceeds received</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">120,821</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; text-align: justify; padding-bottom: 1.5pt; padding-left: 0.125in">Less: liabilities assumed in the form of the Public Warrants (12,750,000 Public Warrants at fair value of USD 0.53 per warrant)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(6,807</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 4pt; padding-left: 0pt">Net assets acquired</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">114,014</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table illustrates the difference between the total Value of Consideration and net assets acquired at the closing date of the Business Combination.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: left">Description</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: justify; padding-left: 0pt">Value of Consideration</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">113,278</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Less: net assets acquired</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(114,014</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 4pt; padding-left: 0pt">Bargain</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(736</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left">)</td></tr> </table><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Listing Related Expenses</p><p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the year ended 31 December 2020, the Group incurred listing expenses in the amount of USD 3,366 thousand which mainly consist of professional fees (legal, accounting, etc.) and other miscellaneous costs that are directly related to the listing transaction.</p>
CY2020Q1 igic Business Combination Transaction Cost
BusinessCombinationTransactionCost
80000000 usd
CY2022 ifrs-full Description Of Primary Reasons For Business Combination
DescriptionOfPrimaryReasonsForBusinessCombination
Issued (1) 29,759,999 common shares to former shareholders of IGI in exchange for their IGI shares and (2) 18,687,307 common shares to former stockholders of Tiberius, including (I) 9,339,924 common shares issued in exchange for public shares of Tiberius common stock that remained outstanding and not redeemed immediately prior to the closing of the Business Combination, (ii) 4,132,500 common shares issued in exchange for Tiberius founder shares, including 3,012,500 common shares (“Earnout Shares”) subject to vesting at prices ranging from USD 11.50 to USD 15.25 per share, (iii) 2,900,000 common shares issued in exchange for shares of Tiberius common stock that were issued to certain investors in a private placement pursuant to forward purchase agreements, and (iv) 2,314,883 common shares issued in exchange for shares of Tiberius common stock that were issued to certain investors in a private placement.
CY2022 igic Full Description Of Primary Reasons For Business Combinations
full_DescriptionOfPrimaryReasonsForBusinessCombinations
In connection with the finalization of the purchase price under the Business Combination Agreement, all escrow shares issued to former shareholders of IGI were released from escrow and 8,555 shares were cancelled. Following the cancellation, the Group has 48,438,751 shares outstanding (including the 3,012,500 unvested shares). 
CY2020 igic Common Shares Issued To Former Shareholders Of Igi Sharesin Dollars
CommonSharesIssuedToFormerShareholdersOfIGISharesinDollars
29751444 shares
CY2020 igic Common Shares Issued To Former Shareholders Of Igi
CommonSharesIssuedToFormerShareholdersOfIGI
298000 usd
CY2020 igic Common Shares Issued To Former Stockholders Of Tiberius Shares
CommonSharesIssuedToFormerStockholdersOfTiberiusShares
15674807 shares
CY2020 igic Common Shares Issued To Former Stockholders Of Tiberius
CommonSharesIssuedToFormerStockholdersOfTiberius
157000 usd
CY2020 igic Unvested Shares Transferred To Certain Former Shareholders Of Igi Sharesin Dollars
UnvestedSharesTransferredToCertainFormerShareholdersOfIGISharesinDollars
1170348 shares
CY2020 igic Unvested Shares Transferred To Certain Former Shareholders Of Igi
UnvestedSharesTransferredToCertainFormerShareholdersOfIGI
12000 usd
CY2020 igic Unvested Tiberius Founder Shares Shares
UnvestedTiberiusFounderSharesShares
1842152 shares
CY2020 igic Unvested Tiberius Founder Shares
UnvestedTiberiusFounderShares
18000 usd
CY2020 igic Number Of Shares Total
NumberOfSharesTotal
48438751 shares
CY2020 igic Par Value Total Amount
ParValueTotalAmount
485000 usd
CY2022 igic Share Subject To Business Combinations
ShareSubjectToBusinessCombinations
1120000 shares
CY2020Q1 igic Description Of For Business Combination Warrants
DescriptionOfForBusinessCombinationWarrants
In addition, on 17 March 2020 the Company issued 17,250,000 warrants, including (a) 12,750,000 warrants issued to former stockholders of Tiberius and (ii) 4,500,000 warrants that were issued in exchange for 4,000,000 Tiberius warrants transferred to Wasef Jabsheh and 500,000 Tiberius warrants transferred to Argo Re Ltd., a Bermuda exempted company (see note 17).
CY2020Q4 ifrs-full Number Of Shares Issued And Fully Paid
NumberOfSharesIssuedAndFullyPaid
14554807 shares
CY2020Q4 igic Fair Value Per Sharewarrant Common Sharesin Shares
FairValuePerSharewarrantCommonSharesinShares
6.85
CY2020 igic Fair Value Common Share
FairValueCommonShare
99715000 usd
CY2020Q4 igic Number Of Fair Value Of Warrants
NumberOfFairValueOfWarrants
1120000 shares
CY2020Q4 igic Fair Value Per Sharewarrant Vested Founder Shares Subject To One Year Lockup Restriction Post
FairValuePerSharewarrantVestedFounderSharesSubjectToOneYearLockupRestrictionPost
6.39
CY2020 igic Fair Value Vested Founder Shares Subject To One Year Lockup Restriction Post Business Combinati
FairValueVestedFounderSharesSubjectToOneYearLockupRestrictionPostBusinessCombinati
7156000 usd
CY2020Q4 igic Fair Value Of Founder Shares
FairValueOfFounderShares
1842152 shares
CY2020Q4 igic Fair Value Per Sharewarrant Unvested Tiberius Founder Share
FairValuePerSharewarrantUnvestedTiberiusFounderShare
3.48
CY2020 igic Fair Value Unvested Tiberius Founder Shares
FairValueUnvestedTiberiusFounderShares
6407000 usd
CY2020 igic Fair Value Total Value Of Consideration
FairValueTotalValueOfConsideration
113278000 usd
CY2022Q4 igic Percentage Of Ownership Interest
PercentageOfOwnershipInterest
1 pure
CY2022 ifrs-full Portion Of Consideration Paid Received Consisting Of Cash And Cash Equivalents
PortionOfConsiderationPaidReceivedConsistingOfCashAndCashEquivalents
120821000 usd
CY2022Q4 igic Public Warrants Of Share
PublicWarrantsOfShare
12750000 shares
CY2022Q4 igic Public Per Warrant
PublicPerWarrant
0.53
CY2022 igic Liabilities Assumed In The Form Of The Public Warrants
LiabilitiesAssumedInTheFormOfThePublicWarrants
-6807000 usd
CY2022Q4 ifrs-full Identifiable Assets Acquired Liabilities Assumed
IdentifiableAssetsAcquiredLiabilitiesAssumed
114014000 usd
CY2022Q4 ifrs-full Acquisitiondate Fair Value Of Total Consideration Transferred
AcquisitiondateFairValueOfTotalConsiderationTransferred
113278000 usd
CY2022Q4 igic Cash Proceeds Received
CashProceedsReceived
114014000 usd
CY2022Q4 igic Bargain
Bargain
736000 usd
CY2020 igic Incurred Listing Expenses
IncurredListingExpenses
3366000 usd
CY2022 igic Acquisition Of A Subsidiarytext Block
AcquisitionOfASubsidiarytextBlock
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">34.</td><td style="text-align: justify">ACQUISITION OF A SUBSIDIARY</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Following the United Kingdom’s (“UK”) decision to withdraw from the European Union (“EU”) (“Brexit”), the U.K. began a process of “onshoring” EU legislation whereby the UK replicated EU law in UK legislation and regulation and then amended it so that it would be operationally effective following the end of the Brexit transition period on December 31, 2020. As an automatic consequence of the UK’s departure from the EU’s single market, passporting rights to and from the UK ended at the end of the transition period. Passporting is the exercise of the right available to a firm authorized in one European Economic Area (“EEA”) member state to carry on certain activities covered by an EU single market directive in another EEA member state, on the basis of its home state authorization. For firms based in the UK, this means the loss of access to EU markets. As of the end of the transition period, the Group’s subsidiary in UK has lost its passporting rights in the EU, such that it can no longer write insurance business in EEA countries under the “freedom of services” regime or write insurance business through a place of business in an EEA member state under the “freedom of establishment” regime using the rights contained in the European Council’s Solvency II Directive.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In response to Brexit, the Group developed a contingency plan to ensure that it will be able to continue to provide insurance services throughout Europe despite Brexit. To that end, the Group submitted an application and scheme of operations to the Malta Financial Services Authority in November 2020. The application can be used as a change of control application or a full new licensing application.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In continuation to the above, the Group acquired 100% of the voting shares of R&amp;Q Epsilon Insurance Company SE (“R&amp;Q Epsilon”), a non-listed company based in Malta engaged in the business of insurance in certain classes of general insurance business. Simultaneously, with the execution of the acquisition agreement, the new subsidiary was renamed International General Insurance Company (Europe) SE (“IGI Europe”).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The strategy to purchase R&amp;Q Epsilon, as opposed to incorporating a new subsidiary from afresh, was based on operational factors. R&amp;Q Epsilon already had an operational UK based bank account and, given the requirement to use the Xchanging payment platform for broker-based business (especially where the Group is co-ensuring the European risks on global business), it was necessary for the Group to have an account for IGI Europe with a bank that is part of the LIPS (LPC Irrevocable Payment Scheme).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The acquisition agreement of R&amp;Q Epsilon Insurance Company SE (former company) was fully executed on 25 June 2021 (the “Acquisition Date”) for a purchase consideration of USD 6,200 thousand.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Group accounted for the acquisition of R&amp;Q Epsilon under IFRS 3 “Business Combinations”.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The book and fair values of the identifiable assets and liabilities of International General Insurance Company (Europe) SE as at the date of acquisition were:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">Book value</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b><i>Fair value recognized </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; "><b><i>on acquisition</i></b></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Assets</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left; padding-left: 0pt">Insurance receivables and other assets</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">184</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">143</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Bank Balances</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">6,054</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">6,054</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">6,238</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">6,197</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-left: 0pt">Liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Insurance payables and other liabilities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(38</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(38</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt; padding-left: 0pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(38</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(38</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 1.5pt; padding-left: 0pt">Total identifiable net assets at fair value</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">6,200</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">6,159</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0pt">Goodwill arising on acquisition</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">41</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt; padding-left: 0pt">Purchase consideration transferred</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-676">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">6,200</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The movement on the goodwill during the year is as follows</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; font-style: italic; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Balance at the beginning of the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-677">-</div></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="width: 88%; text-align: justify; padding-left: 0pt">Goodwill arising from acquisition of a subsidiary</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">41</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Impairment loss (see note 22)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(41</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt; padding-left: 0pt">Balance at the end of the year</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-678">-</div></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Goodwill arising on acquisition of former company was fully impaired since the regulatory approval to write business was granted solely on the strength of IGI Europe’s application and business plan submitted to Malta Financial Services Authority.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">From the date of acquisition, International General Insurance Company (Europe) SE contributed USD 9,768 thousand of gross written premiums and USD 1,181 thousand of net loss to profit before tax of the Group.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Analysis of cash flows on acquisition:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; font-style: italic; text-align: center">USD ’000</td><td style="padding-bottom: 1.5pt; font-weight: bold; font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 0pt">Balance at the beginning of the year</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"><div style="-sec-ix-hidden: hidden-fact-679">-</div></td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="width: 88%; text-align: justify; padding-left: 0pt">Goodwill arising from acquisition of a subsidiary</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 9%; font-weight: bold; text-align: right">41</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0pt">Impairment loss (see note 22)</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">(41</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt; padding-left: 0pt">Balance at the end of the year</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-680">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On 13 July 2021, the Malta Financial Services Authority authorized IGI Europe to write insurance and reinsurance business.</p>
CY2022 igic Voting Shares Percentage
VotingSharesPercentage
1 pure
CY2022 igic Purchase Consideration
PurchaseConsideration
6200000 usd
CY2022 ifrs-full Increase Decrease Through Transfers From Construction In Progress Property Plant And Equipment
IncreaseDecreaseThroughTransfersFromConstructionInProgressPropertyPlantAndEquipment
usd
CY2022 igic Acquisition Description
AcquisitionDescription
International General Insurance Company (Europe) SE contributed USD 9,768 thousand of gross written premiums and USD 1,181 thousand of net loss to profit before tax of the Group.
CY2021Q4 ifrs-full Goodwill
Goodwill
41000 usd
CY2021 ifrs-full Impairment Loss
ImpairmentLoss
41000 usd
CY2022 ifrs-full Disclosure Of Events After Reporting Period Explanatory
DisclosureOfEventsAfterReportingPeriodExplanatory
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0"/><td style="width: 0.5in">35.</td><td style="text-align: justify">SUBSEQUENT EVENTS</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In January 2023, the Group has repurchased 2,271,775 common shares in a privately negotiated transaction. The shares were repurchased at a price of USD 8.60 per share, for a total cost of USD 19,537 thousand. This transaction is part of the Group’s current common share repurchase authorization approved by the Board of Directors in May 2022.</p>
CY2022 dei Entity Registrant Name
EntityRegistrantName
International General Insurance Holdings Ltd.
CY2022 dei Document Accounting Standard
DocumentAccountingStandard
International Financial Reporting Standards
CY2022Q4 ifrs-full Deferred Tax Liabilities
DeferredTaxLiabilities
usd
CY2021Q4 ifrs-full Treasury Shares
TreasuryShares
usd
CY2022 igic Listing Related Expenses
ListingRelatedExpenses
usd
CY2021 igic Listing Related Expenses
ListingRelatedExpenses
usd
CY2020 igic Diluted Earnings Per Share
DilutedEarningsPerShare
0.59
CY2021 igic Diluted Earnings Per Share
DilutedEarningsPerShare
0.89
CY2022 igic Diluted Earnings Per Share
DilutedEarningsPerShare
1.74
CY2021 ifrs-full Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Net Of Tax
GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax
usd
CY2022 ifrs-full Adjustments For Impairment Loss Recognised In Profit Or Loss Goodwill
AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill
usd
CY2020 ifrs-full Adjustments For Impairment Loss Recognised In Profit Or Loss Goodwill
AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill
usd
CY2020 ifrs-full Gains Losses On Disposals Of Property Plant And Equipment
GainsLossesOnDisposalsOfPropertyPlantAndEquipment
usd
CY2021 ifrs-full Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities
ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities
usd
CY2020 ifrs-full Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities
ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities
usd
CY2022 igic Acquisition Of A Subsidiary Net Of Cash Acquired
AcquisitionOfASubsidiaryNetOfCashAcquired
usd
CY2020 igic Acquisition Of A Subsidiary Net Of Cash Acquired
AcquisitionOfASubsidiaryNetOfCashAcquired
usd
CY2022 igic Cash Injection In Connection With Business Combination
CashInjectionInConnectionWithBusinessCombination
usd
CY2021 igic Cash Injection In Connection With Business Combination
CashInjectionInConnectionWithBusinessCombination
usd
CY2022 igic Consideration Paid To Shareholders As Deemed Settlement For Shares
ConsiderationPaidToShareholdersAsDeemedSettlementForShares
usd
CY2021 igic Consideration Paid To Shareholders As Deemed Settlement For Shares
ConsiderationPaidToShareholdersAsDeemedSettlementForShares
usd
CY2021 igic Deemed Distribution To Shareholders
DeemedDistributionToShareholders
usd
CY2020 igic Deemed Distribution To Shareholders
DeemedDistributionToShareholders
usd
CY2022 ifrs-full Cancellation Of Treasury Shares
CancellationOfTreasuryShares
usd
CY2022 igic Insurance Receivables Writeoffs
InsuranceReceivablesWriteoffs
usd
CY2021 ifrs-full Adjustments For Gain Loss On Disposals Property Plant And Equipment
AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment
usd
CY2020 ifrs-full Adjustments For Gain Loss On Disposals Property Plant And Equipment
AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment
usd
CY2022 igic Loss On Disposal Of Property Premises And Equipment
LossOnDisposalOfPropertyPremisesAndEquipment
usd
CY2020 igic Loss On Disposal Of Property Premises And Equipment
LossOnDisposalOfPropertyPremisesAndEquipment
usd
CY2022 igic Release Of Deferred Tax Liabilities For A Subsidiary
ReleaseOfDeferredTaxLiabilitiesForASubsidiary
usd
CY2020 ifrs-full Adjustments For Deferred Tax Expense
AdjustmentsForDeferredTaxExpense
usd
CY2021 igic Deferred Tax Assets Related To The Change In Fair Value Of Bonds At Fair Value Through Oci For Igiuk
DeferredTaxAssetsRelatedToTheChangeInFairValueOfBondsAtFairValueThroughOCIForIGIUK
usd
CY2022 igic Deferred Tax Liabilities Related To The Change In Fair Value Of Bonds At Fair Value Through Oci For Igi
DeferredTaxLiabilitiesRelatedToTheChangeInFairValueOfBondsAtFairValueThroughOCIForIGI
usd
CY2022Q4 ifrs-full Net Deferred Tax Liabilities
NetDeferredTaxLiabilities
usd
CY2020Q4 igic Deferred Tax Assets Balance
DeferredTaxAssetsBalance
usd
CY2022Q4 igic Addition Of Deferred Tax Liabilities Related To Unrealized Gains On Bonds At Fair Value Through Oci
AdditionOfDeferredTaxLiabilitiesRelatedToUnrealizedGainsOnBondsAtFairValueThroughOCI
usd
CY2020Q4 ifrs-full Number Of Shares Outstanding
NumberOfSharesOutstanding
43047915 shares
CY2021Q4 ifrs-full Number Of Shares Outstanding
NumberOfSharesOutstanding
45470961 shares
CY2022Q4 ifrs-full Number Of Shares Outstanding
NumberOfSharesOutstanding
45546272 shares
CY2020 igic Diluted Earnings Per Share Usd
DilutedEarningsPerShareUSD
0.59
CY2021 igic Diluted Earnings Per Share Usd
DilutedEarningsPerShareUSD
0.89
CY2022 igic Diluted Earnings Per Share Usd
DilutedEarningsPerShareUSD
1.74
CY2021Q4 igic Balance At The Beginning Of The Year
BalanceAtTheBeginningOfTheYear
usd
CY2021Q4 igic Balance At The Beginning Of The Year
BalanceAtTheBeginningOfTheYear
usd
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001794338

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