Page 106 - Annual Report 2020
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/ 101 QF CR A ANNU AL REP OR T 2020
Statement of Financial Position as of 31 December 2020
Assets Equity and Liabilities
Non-current assets Notes 2020 | USD’000 2019 | USD’000 Equity Notes 2020 | USD’000 2019 | USD’000
Furniture and equipment 4 21 41 General reserve 9 22,043 20,043
Intangible assets 5 206 96 Retained surplus 9 60,368 59,366
Right-of-use of assets 6 2,523 233 TOTAL EQUITY 82,411 79,409
Amount due from related parties 7 4,840 3,803 Non-current liabilities
Total non-current assets 7,590 4,173 Lease liabilities 6 827 91
Employees’ end of service benefits 10 4,840 3,803
Current assets
TOTAL NON-CURRENT LIABILITIES 5,667 3,894
Accounts receivable and prepayments 7 58,406 59,044
Current liabilities
Cash and cash equivalents 8 31,381 29,863
Lease liabilities 6 1,726 148
Total current assets 89,787 88,907
Accounts payable and accruals 11 7,573 9,629
TOTAL ASSETS 97,377 93,080
TOTAL CURRENT LIABILITIES 9,299 9,777
The financial statements of the QFC Regulatory Authority for Total liabilities 14,966 13,671
the year ended 31 December 2020 were approved by the
following on behalf of the Board of Directors on 30 March 2021. TOTAL EQUITY AND LIABILITIES 97,377 93,080
Michael G. Ryan Fatma Abdulrahman Al Meer
Chief Executive Officer Chief Financial Officer
T ABLE OF C ONTENT S
