|
Balance Sheet
As at 31st December,1998
|
Assets |
|
Life |
|
Non-Life |
|
Consolidated |
|
1997 |
| |
Note |
=N= |
|
=N= |
|
=N= |
|
=N= |
|
Cash and bank balances |
|
20,075,971 |
|
52,602,488 |
|
72,678,459 |
|
41,140,236 |
|
Quoted investments |
1 |
144,489,915 |
|
30,458,511 |
|
174,948,426 |
|
112,982,122 |
|
Unquoted investments |
2 |
130,145,633 |
|
224,789,798 |
|
354,935,431 |
|
109,507,158 |
|
Government securities |
3 |
193,408,000 |
|
- |
|
193,408,000 |
|
169,501,931 |
|
Debtors |
4 |
126,652,942 |
|
134,257,643 |
|
260,910,585 |
|
176,214,214 |
|
Statutory deposit |
5 |
2,500,000 |
|
2,500,000 |
|
5,000,000 |
|
5,000,000 |
|
Fixed assets |
6 |
752,962,430 |
|
185,278,629 |
|
938,241,059 |
|
827,671,618 |
|
Total assets |
|
1,370,234,891 |
|
629,887,069 |
|
2,000,121,960 |
|
1,442,017,279 |
|
Deduct: Liabilities - |
|
|
|
|
|
|
|
|
|
Creditors: Amount falling due |
|
|
|
|
|
|
|
|
|
within one year- |
7 |
90,952,195 |
|
213,947,877 |
|
304,900,072 |
|
186,143,362 |
| |
|
1,279,282,696 |
|
415,939,192 |
|
1,695,221,888 |
|
1,255,873,917 |
|
Creditors: Amount falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
8 |
537,306,842 |
|
- |
|
537,306,842 |
|
314,639,902 |
|
Net total assets |
|
741,975,854 |
|
415,939,192 |
|
1,157,915,046 |
|
941,234,015 |
| |
|
|
|
|
|
|
|
|
|
Financed by: |
|
|
|
|
|
|
|
|
|
Share capital |
10 |
25,000,000 |
|
75,000,000 |
|
100,000,000 |
|
70,000,000 |
|
Share premium |
11 |
19,190,713 |
|
57,572,141 |
|
76,762,854 |
|
- |
|
Capital reserve |
12 |
307,748,143 |
|
157,880,453 |
|
465,628,596 |
|
465,628,596 |
|
Contingency reserve |
13 |
11,578,625 |
|
25,131,800 |
|
36,710,425 |
|
28,522,064 |
|
General reserve |
14 |
- |
|
20,178,202 |
|
20,178,202 |
|
5,622,488 |
|
Shareholder’s fund |
|
363,517,481 |
|
335,762,596 |
|
699,280,077 |
|
569,773,148 |
|
Insurance fund |
15 |
378,458,373 |
|
80,176,596 |
|
458,634,969 |
|
371,460,867 |
| |
|
741,975,854 |
|
415,939,192 |
|
1,157,915,046 |
|
941,234,015 |
|
