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1. Head Office:
Oasis House,
298, Moshood
Abiola Road,
(Formerly Ikorodu
Road),
Anthony, Lagos.
P. M. B. 21170, Ikeja, Lagos.
Tel: 234-01-7916038, 7901354.
Fax: 234-01-5556026.
E-mail: info@oasisinsure.com, enquiry@oasisinsure.com
Website: www.oasisinsure.com
2. Nature of Business:
General Insurance Businesses.
3. Date of Incorporation:
9th November, 1992 and commenced business on 8th October, 1993
4. Date Listed on The Exchange:
24th July, 2007
5. NSE Classification:
Insurance
6. Board of Directors:
Chief (Dr.) S. I. Adegbite, OFR-(Chairman)
Mr. V. O. Durojaiye (MD/CEO)
Dr. R. C. Obieri, OON
Mrs. Seinye O. B. Lulu Briggs
Mr. M. O. Sofela
Avm. Nura Imam (Rtd.), CFR
Chief J. A. Adeyemi
Mr. O. O. Fowora
Mr. Babatunde Oshadiya
7. Company Secretary:
Mrs. S. K. Osedo
Skil Associates
Block A6, Falomo
Shopping Center
Awolowo Road,
South-West Ikoyi, Lagos.
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8. Auditors:
Paul Taiwo & Co.,
(Chartered Accountants)
55A, Western
Avenue
P. O. Box
3497
Surulere, Lagos.
9. Company Registrars:
First Registrars Nigeria Limited
10. Subsidiaries/Associates:
Oasis Insurance Asset Management Ltd.
11. End of Accounting Year
31st December
12. Number of Employees
64
13. Capital Structure
i. Authorised: N5,000,000,000.00
ii. Paid-Up N2,501,753,395.50
14. Analysis of Shareholding
Oasis Group Limited
- 32.76%
Harmony Trust & Invest. Co.
Ltd - 10.19%
Moni Pulo Limited - 10.00%
Other Nigerian Shareholders - 47.05%
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FIVE-YEAR FINANCIAL SUMMARY
CAPITAL
EMPLOYED 2007 2006 2005 2004 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Bank balances and cash 455,738 31,252 39,139 10,799 9,707
Investment 2,448,290 472,219 708,981 573,536 488,673
Debtors and prepayment 467,306 476,674 358,205 278,055 200,292
Statutory deposit 315,000 35,000 35,000 35,000 35,000
Fixed assets 47,623 35,892 36,138 28,049 16,759
———— ———— ———— ———— ————
3,733,957 1,051,037 1,177,463 925,439 750,431
======= ====== ======= ====== =======
Creditors and accruals 93,375 29,366 54,074 35,986 14,911
Trade creditors 4,224 80,944 78,363 - -
Taxation 45,017 18,720 23,896 45,825 20,627
Deferred tax 5,959 5,959 5,959 3,160 3,160
Dividend - 76,358 76,358 42,000 41,979
Insurance 120,386 104,664 271,978 293,211 237,136
———— ———— ———— ———— ————
268,961 316,011 510,628 420,182 317,813
======= ====== ======= ====== =======
Called up share capital 2,501,753 545,415 545,415 350,000 350,000
Deposit for share 583,056 6,583 6,583 - 37,239
Contingency reserve 121,670 98,499 81,557 52,491 38,184
Bonus issue reserve - - - 87,500 -
Share equalization reserve 87,465 31,001 - - -
General reserve 171,052 53,528 33,280 15,266 7,195
Shareholder’s fund 3,464,996 735,026 666,835 505,257 432,618
———— ———— ———— ———— ————
3,733,957 1,051,037 1,177,463 925,439 750,431
======= ====== ======= ====== =======
TURNOVER AND PROFIT
Gross premium 277,152 292,794 573,720 516,907 348,154
Profit before tax 183,743 132,268 150,131 160,464 78,534
Profit after tax 138,164 113,548 123,438 114,639 56,327
Dividend 80,000 76,358 42,000 41,979 10,000
Earning per share 09.60k 10.41k 11.32k 10.50k 05.16k
Dividend per share 2.00k 2.00k 7.00k 03.85k 03.84k
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