| NIGER
INSURANCE PLC |
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| GROUP STATEMENT OF FINANCIAL
POSTION |
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| AS AT 30TH DECEMBER 2013 |
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Group |
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Group |
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Dec,2013 |
|
Dec,2012 |
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% Change |
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=N= '000 |
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=N='000 |
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| Assets: |
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| Cash and cash equivalents |
3,682,070 |
|
1,844,594 |
|
99.61% |
| Financial Assets; |
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| Available for sale |
2,285,095 |
|
1,850,998 |
|
23.45% |
| Held- to- maturity |
80,311 |
|
90,821 |
|
-11.57% |
| Loan and receivable |
226,260 |
|
442,012 |
|
-48.81% |
| Trade Receivable |
0 |
|
84,031 |
|
-100.00% |
| Reinsurance Assets |
799,390 |
|
324,269 |
|
146.52% |
| Deferred Acquisition Cost |
157,287 |
|
139,319 |
|
12.90% |
| Other Receivables and Prepayments |
252,552 |
|
201,625 |
|
25.26% |
| Investment in Subsidiaries |
0 |
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0 |
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| Investment properties |
14,440,281 |
|
14,515,000 |
|
-0.51% |
| Deferred tax Assets |
616,832 |
|
616,832 |
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0.00% |
| Intangible Assets |
120,949 |
|
117,378 |
|
3.04% |
| Property,plant and equipment |
1,591,260 |
|
1,562,214 |
|
1.86% |
| Statutory Deposit |
500,000 |
|
500,000 |
|
0.00% |
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| Total Assets |
24,752,287 |
|
22,289,093 |
|
11.05% |
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| Liabilities |
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| Insurance Contract Liabilities |
7,585,370 |
|
7,074,690 |
|
7.22% |
| Investment contract liabilities |
4,500,009 |
|
4,846,250 |
|
-7.14% |
| Borrowings |
611,185 |
|
1,351,209 |
|
-54.77% |
| Trade Payables |
590,287 |
|
179,994 |
|
227.95% |
| Provision and Other trade payables |
262,199 |
|
210,760 |
|
24.41% |
| Defined benefit obligation |
1,677,670 |
|
0 |
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| Income tax liabilities |
296,892 |
|
317,552 |
|
-6.51% |
| Deferred Income liabilities |
1,055,844 |
|
958,382 |
|
10.17% |
| Total Liabilities |
16,579,457 |
|
14,938,837 |
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10.98% |
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| EQUITY |
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| Issued
and paid up Share capital |
3,869,747 |
|
3,869,747 |
|
0.00% |
| Share Premium |
791,491 |
|
791,491 |
|
0.00% |
| Assets Revaluation reserves |
740,728 |
|
709,175 |
|
4.45% |
| Fair Value Reserves |
363,752 |
|
200,156 |
|
81.73% |
| Contingency Reserve |
1,372,538 |
|
1,221,959 |
|
12.32% |
| Retained Earnings |
1,034,574 |
|
557,728 |
|
85.50% |
| Shareholders fund |
8,172,830 |
|
7,350,256 |
|
11.19% |
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| Total Liabilities and equity |
24,752,287 |
|
22,289,093 |
|
11.05% |
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| Source - NSE Website / NIGER
INSURANCE PLC |
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Data Not Available
Data Not Available
Data Not Available
Data Not Available
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