THE NIGERIAN STOCK EXCHANGE FACTBOOK 2008

 

Published Under the Authority

 of the Council of:

 

THE NIGERIAN STOCK EXCHANGE

STOCK EXCHANGE HOUSE

  2/4 Customs Street,

P.O. Box 2457, Lagos

 Telephone: 234-01-2660287, 2660305, 2660335, 2669978, 2661293

   Telex 23567 STEX.NG

Fax: 234-01-2668281, 2668724

E-mail: nse@nigerianstockexchange.biz

Website:www.nigerianstockexchange.com

 

 

BRANCHES:

Abuja (Area Office)

Kaduna

Port Harcourt

Kano

Onitsha

Ibadan

Yola

Benin

Ilorin

Uyo

 

EDITORIAL BOARD

Prof. Ndi Okereke-Onyiuke, PhD, OON (Chairman)

Mr. Kene Okafor (Editor)

Mr. Farooq Oreagba (Editor)

Mr. Arize Nwobu (Deputy Editor)

  

Copyright:

The Nigerian  Stock Exchange

ISBN 978 0262 - 1 - 6

 

Design/Typesetting by: Management Information Technology Department of The Nigerian Stock Exchange, 2/4 Customs Street, Lagos.

 

Produced by:

Pathway Communications Ltd.,

5/6, Adekunle Odunlami Crescent,

Next to AfriBank Estate,

Ilupeju - Lagos.

Nigeria.

Tel: 01-7911733

 

FACTBOOK 2008

 

 

 

GOLDLINK INSURANCE PLC

 

 

1. Head Office:

  Goldlink Plaza,

  6, Emmanuel Street,

  Onigbongbo, Maryland

  P.O.Box 5987 (or 7003) Marina Lagos.

  Tel: 234-01-4752247 - 8, 8129210, 4969040 - 4

  E-mail: info@goldlinkplc.com

  Website: goldlinkplc.com

  Lagos Central Office:

  3, Hospital Road

  2nd Floor, Oladipo House

  Opposite St. Nicholas Hospital

   Lagos.

  Tel: 234-01-8153328

 

2. Nature of Business:

  General Insurance

 

3. Date of Incorporation:

  8th September, 1993

 

4. Date Listed on The Exchange:

  12th February, 2008

 

5. NSE Classification:

  Insurance

 

6. Board of Directors:

  Mr. Chenga Afolayan, (Chairman)

  Mr. Femi Okunniyi, (MD/CEO)

  Mr. Tony Efegherimoni

  Chief K. O. Olufeko

  Rt. Rev. Ranti Odubogun

  Chief Ndukwe Osogho-Ajala, OON

  Mr. S. E. Idowu

  Mr. Madaki Ameh

 

7. Company Secretary/Legal Advisers:

  Bode Sojobi

  Goldlink Plaza

  6 Emmanuel Street

  Maryland, Lagos

 

8. Auditors:

  Aloba, Awomolo & Co.,

  (Chartered Accountants)

  Betty Pride Plaza,

  Plot 20, Betty Pride Way,

  Ajao Estate, Lagos.

  Tel: 08033643587

 

9. Company Registrars:

  Sterling Registrars Limited

  6th Floor, 24 Campbell Street

  Lagos

  Tel: 234-01-2806987, 7303445

  Fax: 234-01-2646582

 

10. End of Accounting Year

  31st December

 

11. Number of Employees

  147

 

12. Capital Structure

  i.  Authorised:   N4,550,000,000.00

  ii.  Paid-Up       N4,549,947,000.00

 

13. Structure of Shareholding

  Nigerian Citizens & Associations        100%

 

 

FIVE-YEAR FINANCIAL SUMMARY

 

ASSETS                                             2007          2006          2005          2004          2003

EMPLOYED                                      N‘000         N‘000         N‘000         N‘000         N‘000

 

Fixed assets                                 2,744,409    2,775,124    2,410,073      877,777      380,785

Statutory deposits                           500,000        90,000        90,000        35,000        35,000

Investments                                  2,884,557    2,657,355    1,790,093      751,626      503,328

Current Assets                              1,476,563    1,358,252    1,163,537      757,059      477,083

                                                 --------------    -------------    -------------    -------------    -------------

Total Assets                                 7,605,529    6,880,731    5,453,703    2,421,462    1,396,196

Liabilities                                      (928,871)    (547,651)    (660,376)    (471,715)    (354,924)

                                                 --------------    -------------    -------------    -------------    -------------

Total Net Assets                           6,676,658    6,333,080    4,793,327    1,949,747    1,041,272

                                                 ========  ========  ========  ========  ========

 

FINANCED BY:

Share capital                                3,735,947    3,396,316    2,395,000    1,000,000      360,000

Reserves                                      1,834,650    2,035,875    1,740,883      293,217      177,031

                                                 --------------    -------------    -------------    -------------    -------------

Shareholders’ Funds                      5,570,597    5,432,191    4,135,883    1,293,217      537,031

Insurance Funds                            1,106,061      905,889      657,444      656,530      504,241

                                                 --------------    -------------    -------------    -------------    -------------   

Reserves                                      6,676,658    6,338,080    4,793,327    1,949,747    1,041,272

                                                 ========  ========  ========  ========  ========   

 

TURNOVER, PROFITS & APPROPRIATIONS:

Net premium                                 2,320,994    2,021,816    1,816,723    1,055,387      756,117

Premium earned                            2,191,917    1,883,004    1,700,658      927,192      706,902

Profit before tax                              666,048      581,620      527,214      132,072        83,009

Profit after tax                                593,988      516,495      467,100      117,995        73,885

Dividends                                       454,995                -                -        36,000        20,000

Bonus issue                                              -      339,631      300,000      100,000        40,000

 

PER SHARE DATA (KOBO):

Earnings

Actual                                                    16              15              20              33              49

Adjusted                                                16              15              20              33              49

Dividend

Actual                                                     5                -               2              10              13

Adjusted                                                  5                -               2              10              13

 

 

 

Important Note:

While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book.

Home | The Stock Exchange| Quoted Companies | Issuing Houses | The Registrars

© Nigerian Stock Exchange

All Rights Reserved