Page 49 - QFCRA Annual Report 2014
P. 49
TEMENT OF
FINANCIAL POSITION
AS AT 31 DECEMBER 2014
Note 2014 In USD ‘000
2013
5
ASSETS 6 1,639 867
376 477
Non-current assets 7 1,344
8 2,015
Intangible assets 1,259
Furniture and Equipment 1,187 38,274
Total non-current assets 25,593 39,533
26,780
Current assets
Accounts receivable and prepayments
Cash and cash equivalents
Total current assets
Total assets 28,795 40,877
EQUITY AND LIABILITIES 9 18,043 28,651
Equity 9 3,007 5,034
General reserve 21,050 33,685
Retained surplus
Total equity 10 7,745 7,192
Current liabilities 7,745 7,192
Accounts payable and accruals
Total current liabilities
Total equity and liabilities 28,795 40,877
The financial statements of the QFC Regulatory Authority for the year ended 31 December 2014 were approved by
the following on behalf of the Board of Directors on 22 March 2015
______________________________________ ________________________________________
Michael Ryan Otello Sturino
Chief Executive Officer Managing Director – Corporate Services
The accompanying notes 1 to 15 form an integral part of these financial statements.
ANNUAL REPORT 2014 49
FINANCIAL POSITION
AS AT 31 DECEMBER 2014
Note 2014 In USD ‘000
2013
5
ASSETS 6 1,639 867
376 477
Non-current assets 7 1,344
8 2,015
Intangible assets 1,259
Furniture and Equipment 1,187 38,274
Total non-current assets 25,593 39,533
26,780
Current assets
Accounts receivable and prepayments
Cash and cash equivalents
Total current assets
Total assets 28,795 40,877
EQUITY AND LIABILITIES 9 18,043 28,651
Equity 9 3,007 5,034
General reserve 21,050 33,685
Retained surplus
Total equity 10 7,745 7,192
Current liabilities 7,745 7,192
Accounts payable and accruals
Total current liabilities
Total equity and liabilities 28,795 40,877
The financial statements of the QFC Regulatory Authority for the year ended 31 December 2014 were approved by
the following on behalf of the Board of Directors on 22 March 2015
______________________________________ ________________________________________
Michael Ryan Otello Sturino
Chief Executive Officer Managing Director – Corporate Services
The accompanying notes 1 to 15 form an integral part of these financial statements.
ANNUAL REPORT 2014 49
