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Financial Highlights
FOR THE YEAR ENDED 31 DECEMBER, 2009 |
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Group |
Company |
|
2009 |
2008 |
%age |
|
2009 |
2008 |
%age |
|
N'000 |
N'000 |
change |
|
N'000 |
N'000 |
change |
| MAJOR BALANCE SHEET ITEMS |
| Short-term investments |
5,802,208 |
4,037,195 |
44% |
|
4,024,139 |
3,598,820 |
12% |
| Debtors and prepayments |
11,937,190 |
7,301,286 |
76% |
|
6,582,186 |
7,578,083 |
(9%) |
| Long-term investments |
5,282,886 |
7,738,586 |
(32%) |
|
6,568,595 |
6,376,526 |
11% |
| Investment properties |
14,796,362 |
13,790,742 |
7% |
|
12,384,675 |
12,137,683 |
2% |
| Fixed assets |
8,021,993 |
8,076,074 |
(1%) |
|
6,292,527 |
6,243,205 |
1% |
| Insurance fund |
4,416,852 |
3,116,306 |
42% |
|
3,106,517 |
2,219,221 |
40% |
| Deposit administration funds |
2,786,151 |
3,092,074 |
(10%) |
|
990,254 |
458,783 |
116% |
| Paid up share capital |
6,468,745 |
5,880,677 |
10% |
|
6,468,745 |
5,880,677 |
10% |
| Shareholders' funds |
27,000,931 |
30,533,846 |
(12%) |
|
25,994,232 |
28,823,692 |
(10%) |
| Total assets |
51,574,083 |
44,429,377 |
16% |
|
37,895,166 |
37,357,961 |
1% |
| MAJOR PROFIT AND LOSS ACCOUNT ITEMS |
| Gross premium |
11,701,117 |
9,514,836 |
23% |
|
9,394,186 |
8,427,733 |
11% |
| Net Earned premium |
8,721,765 |
6,830,898 |
28% |
|
6,760,878 |
6,009,427 |
13% |
| (Loss)/profit before exceptional item and taxation |
(2,645,028) |
1,674,288 |
(258%) |
|
(2,171,661) |
779,035 |
(379%) |
| (Loss)/profit after exceptional item and taxation |
(2,979,415) |
481,683 |
(719%) |
|
(2,485,004) |
(348,547) |
613% |
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| Basic (loss)/earnings per share (kobo) |
(30) |
5 |
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(21) |
(4) |
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