Calculate the "Net Profit" of the company for the year 2018 & 2019 by using the "Simple Income Statement" format which you learned in the class?

AL AHLIA INSURANCE COMPANY SAOG STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 December 2019 2019 2018 Notes RO RO Insurance premium revenue 19 24,881,678 25,803,903 Insurance premium ceded to reinsurers 19 (1,866,017) (3,401,139) Net insurance premium revenue 19 23,015,661 22,402,764 Commissions received on ceded reinsurance 128,795 288,115 Claims 20 (14,690,883) (19,445,296) Reinsurers* share of claims 20 3,114,572 7,926,332 Deferred acquisition cost 8 12,322 125,604 Commissions paid (2,042,485) (2,357,738) Net underwriting result 9,537,982 8,939,781 General and administrative expenses 22 (6,308,228) (6,036,929) Investment income (net) 21 1,726,244 1,728,573 Interest on lease liabilities 33 (80,746) Other income - net 1,203 (300) Profit before taxation 4,876,455 4,631,125 Income tax 23 (765,000) (700,000) Profit and other comprehensive income for the year 4,111,455 3,931,125 Basic and diluted earnings per share 27 0.041 0.039