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FIVE-YEAR FINANCIAL SUMMARY
2007 2006 2005 2004 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Cash & Bank Balances 1,602,351 3,587,494 554,944 324,257 171,181
Short term investments 2,111,750 1,376,777 2,741,835 2,282,201 1,907,405
Debtors 2,642,615 770,548 674,054 366,718 404,877
Loan to Policy holders 1,409 991 943 957 886
Long term investments 4,358,005 4,216,088 2,830,503 1,564,923 1,080,620
Investment in
subsidiary and associate
comp. 512,894 250,885 250,885 - -
Statutory Deposits 633,000 35,000 35,000 35,000 13,500
Goodwill 632,597 - - - -
Fixed assets 521,054 89,359 89,524 97,732 55,962
-------------- ------------- ------------ ------------ ------------
Total Assets 13,015,675 10,327,142 7,177,688 4,671,788 3,634,431
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LIABILITIES
Creditors and Accruals 1,778,714 249,045 1,123,493 292,158 325,828
Outstanding claims 426,487 90,782 98,052 65,676 56,308
Secured fund 1,746,960 3,415,031 457,972 3,257,150 2,490,201
Insurance funds 663,051 410,650 627,054 376,363 275,376
Deferred tax 26,883 13,146 13,146 13,146 12,577
--------------- ------------ ------------ ------------ ------------
Total Liabilities 4,642,095 4,178,654 5,319,717 4,004,493 3,160,290
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CAPITAL & RESERVES:
Preference share capital - - - 158,280 86,000
Ordinary share capital 1,994,710 492,234 492,234 267,355 266,546
Share premium 2,774,614 66,747 66,747 - -
Statutory Contingency reserve 320,608 134,966 110,149 81,202 57,013
Revaluation surplus 1,259,237 1,259,237 534,585 26,015 26,015
Deposit for share - 2,997,191 - - -
Investment revaluation
reserve 1,281,076 839,133 492,719 - -
General reserve 743,335 358,980 161,537 134,443 38,567
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Shareholders’ Funds 8,373,580 6,148,488 1,857,971 667,295 474,141
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Total Liabilities
& Shareholder’s funds 13,015,675 10,327,142 7,177,688 4,671,788 3,634,431
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PROFIT AND LOSS ACCOUNTS:
Investment income 846,712 475,211 101,873 766,884 482,917
Premium income (gross) 2,169,247 1,099,560 1,313,104 1,002,664 804,167
======== ======== ======== ======== ========
Profit before taxation 1,582,293 300,447 310,281 200,054 100,905
Technology development levy (15,823) - - - -
Taxation (119,540) (33,330) (32,498) (19,458) (12,095)
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Profit after taxation 1,446,931) 267,117 277,783 180,596 88,810
Transfer to contingency
reserve (185,642) (24,817) (28,946) (24,189) (19,775)
Dividend payment in the year (147,671) - - - -
General reserve brought
forward 358,980 68,740 134,443 38,567 9,513
Transfer to insurance fund -
life (729,263) 47,940 - - -
Transfer to reserve for
special
distribution - - (92,797) - -
Transfer to share capital - - (123,058) - -
Preference shares dividend - - (238) (20,550) -
Ordinary shares dividend - - (98,447) (39,981) (39,981)
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General reserve balance at
31 Dec. 743,335 358,980 68,740 134,443 38,567
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PER SHARE DATA (Kobo):
Basic earnings per share 36 27 28 34 17
===== ===== ===== ===== =====
Dividend per share - 15 10 7.5 7.5
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Note:
The earnings and dividends
per share have been computed respectively for each year on the profit after
taxation and number of ordinary shares in issue at the end of the year. The
net assets per share are based on the number of issued 50 kobo Ordinary
Shares at the end of each year.
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