procedure TForm1.FormCreate(Sender: TObject);
begin
  WindowState := wsMaximized;
  BorderStyle := bsNone;
  Image1.Align := alClient;
  Image1.Picture.LoadFromFile('C:\Documents and Settings\Администратор\Мои документы\Мои рисунки\x_030ddb01.jpg');
end;
 
procedure TForm1.Timer1Timer(Sender: TObject);
begin
  Image1.Canvas.TextOut(100,100, TimeToStr(Time));
end;

Project Project1.exe raised exception class EInvalidOperation with message 'Can only modify am image if it containts a bitmap'. Process stopped. Use Step or Run to continue.