| Equipment |
10 |
46,235 |
107,267 |
| Statutory deposit |
11 (c) |
501,284 |
356,066 |
| Available for sale investments |
11 (a) |
1,659,817 |
1,494,221 |
| Held to maturity investments |
11 (b) |
11,860,381 |
11,254,140 |
| investment in associates |
11 (d) |
129,300 |
129,300 |
| Premiums receivable |
12 |
1,306,789 |
761,557 |
| Reinsurers' share of insurance liabilities and reserves |
13 |
6,410,965 |
5,166,260 |
| Short term loans |
14 |
2,093,980 |
2,172,975 |
| Other receivables |
15 |
320,749 |
383,411 |
| Due from related parties |
16 (b) |
78,791 |
23,744 |
| Tax recoverable |
9 (e) |
715,987 |
701,659 |
| Cash and bank balances |
|
456,465 |
399,4765 |
| Total Assets |
|
25,580,743 |
26,545,365 |
| Equity and liabilities |
| Capital and reserves |
| Share capital |
17 |
4,000,000 |
2,050,000 |
| Contingency reserve |
18 (a) |
2,299,387 |
2,093,771 |
| Capital base growth fund |
18 (b) |
379,606 |
340,481 |
| Fair value revaluation reserve |
|
818,129 |
702,213 |
| Retained earnings |
|
2,612,826 |
4,025,072 |
| Total equity |
|
10,109,948 |
9,211,537 |
| Liabilities |
| Deferred tax liability |
9 (c) |
249,351 |
488,369 |
| Payables arising out of reinsurance arrangements |
|
3,153,192 |
5,669,144 |
| Insurance contract liabilities |
19 |
7,157,695 |
5,627,846 |
| Unearned premium reserves |
20 |
4,112,312 |
4,800,418 |
| Provision for retirement benefit obligation |
|
327,596 |
179,529 |
| Other payables |
21 |
193,756 |
170,825 |
| Due to related parties |
16 (c) |
276,893 |
397,697 |
| Total liabilities |
|
15,470,795 |
17,333,828 |
