Page 131 - Annual Report 2017
P. 131
| 130 131 |
STATEMENT OF FINANCIAL
POSITION
At 31 December 2017
Notes 2017 | USD ‘000 2016 | USD ‘000 Notes 2017 | USD ‘000 2016 | USD ‘000
ASSETS EQUITY AND LIABILITY
Non-current assets Equity
Furniture and equipment 4 63 127 General reserve 8 18,043 18,043
Intangible assets 5 768 1,162 Retained surplus 8 4,673 4,178
Amount due from related parties 6 1,262 - Total equity 22,716 22,221
Total non-current assets 2,093 1,289
Liabilities
Current assets Non-current liability
Accounts receivable and prepayments 6 2,909 1,821 Employees end of service benefits 9 1,262 -
Cash and cash equivalents 7 28,579 25,097
Total current assets 31,488 26,918 Current liability
Accounts payable and accruals 10 9,603 5,986
TOTAL ASSETS 33,581 28,207 Total liabilities 10,865 5,986
TOTAL EQUITY AND LIABILITIES 33,581 28,207
The financial statements of the QFC Regulatory Authority for the
year ended 31 December 2017 were approved by the following Michael G. Ryan Fatma Al Meer
on behalf of the Board of Directors on 25 March 2018. Chief Executive Officer Director of Finance
