(a) Paid-up ordinary shares (net of treasury shares);

(b) Share premium reserve;

(c) Perpetual non-cumulative preference shares.

(d) All disclosed reserves brought forward, that are audited and approved by the shareholders, in the form of legal, general and other reserves created by appropriations of retained earnings, excluding fair value reserve;

(e) Unappropriated retained earnings, excluding cumulative unrealised fair value gains, brought forward;

(f) Audited current year's earnings net of unrealised fair value gains and before taxes; and

(g) In the case of an overseas insurance firm, the audited net assets (excluding any unrealised fair value gains and the surplus assets of long-term funds), determined in accordance with accounting standards that would be applicable if it were a joint stock company incorporated in Bahrain.