Page 125 - 2017-2018 NSE FACTBOOK.cdr

2017/2018 NSE FACT BOOK 2017/2018 NSE FACT BOOK
The Performance Documentary of Listed Nigerian Companies The Performance Documentary of Listed Nigerian Companies

n NIGER INSURANCE CO. PLC. FINANCIAL SERVICES PRESTIGE ASSURANCE CO PLC FINANCIAL SERVICES

MAIN BOARD
MAIN BOARD

HEAD OFFICEOFFICE: FINANCIAL POSITION SUMMARY HEAD OFFICE: CONSOLIDATED STATEMENT OF FINANCIAL POSITION
48/50, Odunlami Street,lagos Island 19 Ligali Ayorinde Street Victoria
,lagos Island Lagos 2017 2016 2015 2014 2013
-------------------------------------------------- 2016 2015 2014 2013 2012 -------------------------------------------------- N'000 N'000 N'000 N'000 N'000
TELEPHONE: N'000 N'000 N'000 N'000 N'000 TELEPHONE: Cash and cash equivalents 1,010,492 862,680 1,312,659 3,259,625 2,449,694
(234) 01 - 2121262, 01 - 2121264, +234 08058830333 08058890333 Financial assets (investments) 4,607,117 3,313,358 2,118,514 1,880,871 1,562,881
07098126152 Total Assets 22,511,216 20,990,156 22,792,910 24,752,287 22,289,093 -------------------------------------------------- Trade receivables 6,517 7,931 2,723 1,092 222
57,076
51,982
92,705
92,115
41,906
-------------------------------------------------- Total Liabilities 13,898,833 12,322,824 14,436,936 16,579,457 14,938,837 EMAIL: Other assets 1,705,937 1,339,406 2,686,944 2,814,046 3,168,227
Reinsurance assets
EMAIL: Total Equity & Liabilities 22,511,216 20,990,156 22,792,910 24,752,287 22,289,093 info@prestigeassuranceplc.com Deferred acquisition costs 154,149 92,839 87,130 71,216 120,121
info@nigerinsurance.com -------------------------------------------------- Intangible assets 44,475 9,162 10,152 5,400 6,300
-------------------------------------------------- WEBSITE: Finance lease receivables 184,030 132,943 129,070 77,110 130,366
-
WEBSITE: prestigeassuranceplc.com Investment property 2,439,002 2,286,564 2,300,000 2,100,000 2,354,776
1,266,758
1,292,471
1,292,722
Property, plant and equipment
1,327,844
www.nigerinsurance.com -------------------------------------------------- Statutory deposit 300,000 300,000 300,000 300,000 300,000
-------------------------------------------------- ISSUED SHARE CAPITAL: Total Assets 11,775,553 9,689,587 10,367,741 11,893,946 10,134,493
ISSUED SHARE CAPITAL: INCOME STATEMENT SUMMARY 3,000,000,000
7,739,495,702 -------------------------------------------------- Insurance contract liabilities 2,643,592 1,799,210 3,197,127 4,173,905 3,877,074
Trade payables
241,066
467,266
279,544
383,526
532,101
-------------------------------------------------- DATE OF INCORPORATION: Provisions and other payables 295,978 565,557 107,385 103,794 154,242
DATE OF INCORPORATION: 2016 2015 2014 2013 2012 6 January 1970 Borrowings 72,078 152,335 223,149 457,637 529,370
29 August 1962 N'000 N'000 N'000 N'000 N'000 -------------------------------------------------- Deposit for shares - - - 1,504,989 -
-------------------------------------------------- DATE LISTED ON THE EXCHANGE: Retirement benefit obligations 164,290 107,646 136,408 113,873 116,958
391,091
Current income tax payable
127,950
145,991
162,372
170,090
DATE LISTED ON THE EXCHANGE: Gross Written Premium 5,962,510 10,496,777 11,064,824 10,443,205 10,330,471 3 December 1990 Deferred tax liabilities 461,856 467,561 468,559 445,479 268,889
20 August 1990 Gross Premium Income 5,077,874 10,596,991 10,536,131 10,647,316 8,705, 901 -------------------------------------------------- Total Liabilities 4,267,432 3,461,325 4,558,163 7,501,868 5,721,150
-------------------------------------------------- Profit Before Tax 99,045 736,030 644,781 716,108 703,499 NSE SECTOR CLASSIFICATION:
NSE SECTOR CLASSIFICATION: Insurance Carriers, Brokers and
Income Tax Expense (51,371) (129,243) 52,571 (81,940) 82,208 Share capital 2,685,216 2,685,216 2,685,216 1,254,157 1,254,157
Insurance Carriers, Brokers and Services Share premium 1,127,599 1,127,599 1,127,599 1,140,092 1,155,540
Services Profit After Tax 42,134 600,911 690,967 627,425 776,293 -------------------------------------------------- Statutory contingency reserve 1,867,906 1,753,651 1,675,223 1,602,307 1,522,696
-------------------------------------------------- Earnings Per Share BOARD OF DIRECTORS: Accumulated losses (347,325) (776,511) (945,069) (755,718) (742,695)
(3,612)
(9,797)
(13,433)
9,841
BOARD OF DIRECTORS: Mr Olakunle Oyegunle Gratuity valuation reserve 1,450,955 671,542 494,488 385,296 (29,058)
247,986
Available-for-sale reserve
Yusuf Hamisu Abubakar, Oon - Basic 0.54 7.76 8.93 8.04 10.03 Gopalan Raghu Property revaluation reserve 737,203 756,924 781,918 767,556 1,004,717
chairman Sidrath Prandan Total Equity 7,508,121 6,228,262 5,809,578 4,390,078 4,413,343
Dauda Kolapo Adedeji - MD/CEO Sarberswar Sahoo Total Liabilities and Equity 11,775,553 9,689,587 10,367,741 11,891,946 10,134,493
Ibrahim Ramat Hassan - Executive Gopalan Srinivasan
Director (Technical & Marketing) Dr Balla Swamy
Fredrick Ugwuja - Executive Director --------------------------------------------------
(Finance & Corporate Services) COMPANY SECRETARY: CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Justus Clinton Uranta - Director Abayomi Odulana 2017 2016 2015 2014 2013
Olufemi Owopetu (Mrs). -Director Address: 19 Ligali Ayorinde Street N'000 N'000 N'000 N'000 N'000
Ebi Enaholo - Director Victoria Island Lagos
Umaru Hamidu Modibbo – Director Email: aodulana@prestigeassurance Gross premium written 3,808,516 2,614,264 2,430,533 2,653,695 4,222,338
Decrease in unearned premium (423,438) (66,733) 4,081 202,670 506,576
Stephen Dike - Director plc.com Gross premium income 3,385,078 2,547,531 2,434,614 2,856,365 4,728,914
-------------------------------------------------- Telephone: 9053900105 Reinsurance expenses (1,936,597) (1,445,723) (1,506,867) (1,528,306) (2,980,176)
COMPANY SECRETARY: -------------------------------------------------- Net premium income 1,448,481 1,101,808 927,747 1,328,059 1,748,738
666,685
383,916
365,923
322,358
501,948
Taiwo Adewale Otuneye AUDITORS Fees and commission income 1,950,429 1,467,731 1,311,663 1,650,417 2,415,423
Net underwriting income
Address: 48/50,odunlami Street, Ernst & Young
9thfloor, Lagos Island, Lagos Address: 10th &13th Floor UBA House Claims expenses 655,735 429,790 1,024,552 1,515,700 1,146,571
Email: otuneyet@nigerinsurance.com Email: services@ng.ey.com Acquisition expenses 483,596 369,349 324,622 402,983 812,981
Maintenance expenses 475,703 414,518 384,803 425,723 383,974
Telephone: (+234) 08033041502 Telephone: 234-016314500 Underwriting expenses 1,615,034 1,213,657 1,733,977 2,344,406 2,343,526
-------------------------------------------------- --------------------------------------------------
AUDITORS COMPANY REGISTRARS: Underwriting profit 335,395 254,074 (422,314) (693,989) 71,897
SIAO (Chartered Accountants) First Registrars & Investors Services
532,637
358,346
417,824
Address: 18b, Olu Holloway Road, Off Address: 2abebe Street Iganmu Lagos Investment income 830,939 (18,433) (154,391) (200,660) 396,524
115,368
40,602
Net fair value gain/(loss) on financial assets
Alfred Rewane Road, Falomo Ikoyi Email:info@firstregistrarsnigeria.com Net fair value gain/(loss) on investment
Lagos Telephone: (+234) 12799880, property 152,438 (13,436) 165,146 1,046,542 -
Email: www.siao.ng.com 2701078, 2701079 1,359,374 640,029 121,078 510,239 583,789
Telephone: (+234) 774487, -------------------------------------------------- Other operating income 30,774 146,361 336,494 199,233 190,990
08023106422 CAPITAL STRUCTURE: 1,390,148 786,390 457,572 709,472 774,779
-------------------------------------------------- Authorized: 3,000,000,000 Management expenses (683,933) (435,394) (418,200) (496,196) (617,924)
COMPANY REGISTRARS: Paid Up: 1,254,157 Results from operating activities 706,215 350,996 39,372 213,276 156,855
NIC Securities & Trust Ltd Finance costs (8,226) (10,602) (19,033) (36,522) (29,370)
Profit before income tax expense 697,989 340,394 20,339 176,754 127,485
Address: 302/304 Ikorodu Road Income tax expense (166,148) (118,402) (157,342) (162,568) (218,320)
Anthony, Lagos. Profit for the year 531,841 221,992 (137,003) 14,186 (90,835)
Email: nicsectrust@yahoo.com
Telephone: (+234) 08053032712 Other comprehensive income:
Items within OCI that may be reclassified to
-------------------------------------------------- Profit or loss or in subsequent period net of
CAPITAL STRUCTURE: tax:
Authorized: 4,300,000,000
Paid Up: 3,869,739,684 Net Gain on valuation of Available-for-sale 779,413 177,054 109,192 137,310 90,058
financial assets
Items within OCI that will not be reclassified to
profit/loss in subsequent periods net of tax:
Re-measurement (loss)/gain on defined (23,274) 19,638 (8,185) 26,755 (9,030)
benefit plan 748,018 196,692 135,937 (13,891) 534,220
2017/2018 NSE FACTBOOK year, net of tax 1,279,859 418,684 (1,066) 164,360 524,413 2017/2018 NSE FACTBOOK
-
Gain/Loss on revaluation of land and buildings
(8,121)
34,930
615,248
Total other comprehensive income for the
150,174
Total comprehensive income for the year, net
of tax
Baic earnings per ordinary share (kobo)
(2.94)
4.13
3.62
0.57
9.90
3.62
4.13
(2.94)
9.90
Diluted earnings per ordinary share (kobo)
0.57
122 123