Market Date: 20-05-2013  
Business Summary Management Board of Directors Joint Auditors Company Registrar Subsidiaries/Associates Capital Structure

   STACO

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Index: 36817.75 -90.06 -0.24%
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Sector:
Financial Services
Sub-Sector:
Insurance Carriers, Brokers and Services
Listing Date:
25TH JUNE 2007
End of Accounting Year:
31 Dec
Share Outstanding:
6,141,087,609.00
NSE code
STACO
AGM Date:
31-01-2013


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No share cert or dividend warrant
I bought some unit of share of Staco Assurance Plc in 2007/8,but I am yet to get my share cert or return money or dividend warrant.

Affected:STACO   Status: 0   Replies: 1
No share cert or dividend warrant
I bought some unit of share of FinBank Plc in 2007/8,but I am yet to get my share cert or return money or dividend warrant.

Affected:STACO   Status: 0   Replies: 1

No. Of Deals:   2.00

Volume Traded:   110,000.00

Value Traded:    55,000.00

52 Weeks High:  0.50

52 Weeks Low:    0.50

Open Price:    0.50

Close Price:    0.50

High Price:    0.50

Low Price:    0.50

Year To Date Appreciation:    - - 

 

1 Week Change (%)

1 Month Change (%)

6 Months Change (%)

1 Year Change (%)

STACO

0

0

0

0

NSE All-share Index

2.4

9.86

39.74

63.25

Quarterly Results For STACO

23rd January, 2013: 3rd Quarter Results for the Period Ending 30-Sept-2012


Values
2012 N'm
2011 N'm
% Change
Profit & Loss Information
Gross Premium
6,329
5,005
26.45%
Profit Before Tax
156
704
-77.78%
Taxation
-31
-112
-72.02%
Profit Or Loss After Tax
125
592
-78.87%
Balance Sheet Information
Fixed Assets
1,868
2,099
-11.01%
Short Term Investments
1,298
1,368
-46.78%
Trade Debtors
3,828
2,439
56.95%
Cash & Bank Balances
549
321
71.35%
Insurance Funds
1,850
1,850
0%
Net Assets
5,464
4,062
34.52%
  VALUATION MEASURES
Market Cap :
3,070,543,804.50
EPS:
0.02
P/E:
24.55
Book Value :
N/A
Book Value Per Share :
N/A
Price/Book
N/A
  FINANCIAL HIGHLIGHTS
  Fiscal
Fiscal Year End
31 Dec
Most Recent Quarter
3rd Quarter
  Profitability
Profit Before Tax Margin
0.00
Profit After Tax Margin
0.00
Profit Before Tax Growth
-77.78
Profit After Tax Growth
-78.87
  Management Effectiveness
Return On Assets
0.02
Return On Equity
0.02


  INCOME STATEMENT
Revenue:
N(mln)
Revenue Per Share :
0.00
Revenue Growth :
0.00%
   Balance Sheet
Total Cash
549.43
Shareholder Fund Growth
34.52%
Loan Growth
0.00%
Deposit Growth
0.00%
Fixed Asset Growth
-11.01%
  Dividends & Splits
Dividend:
0.03 (2007-07-14)
Bonus Declared
1 for 10 (2009-07-24)
  TRADING INFORMATION
  Stock Price History
52-week Change:
0.00%
52-week Change
(relative to NSE Index)
63.25%
52-Week High:
0.50
52 Week Low :
0.50
50-Day Moving Average :
0.50
200-Day Moving Average:
0.50
  Share Statistics
Ave. Volume (3 month):
38,496.11
Ave. Volume (10 days):
15,483.00
Shares Outstanding:
6,141,087,609.00
Daily Volume
110,000.00


Staco Insurance Plc
Balance Sheet as at 31st December 2008
Assets employed
2008
2007
Bank Balances
175,833
312,856
Short term investments
2,252,241
2,031,976
Debtors and prepayments
1,466,580
1,299,069
Quoted investments
765,719
1,138,460
Investment property
550,000
550,000
Unquoted equities at cost
629,500
4,500
Statutory deposit
300,000
300,000
Fixed assets
703,495
778,382
Finance leased assets
362,064
221,029
Total Assets
7205432
6636273
Financed by
Bank Borrowings
131,166
52,444
Convertible bond
1,172,063
1,172,063
Creditors and Accruals
295,131
212,795
Taxation
179,030
155,141
Insurance funds
1,054,694
643,707
Deferred tax
36,444
24,221
2868528
2260369
4336904
4375903
CAPITAL AND RESERVES
Share Capital
2,414,739
2,414,739
Share Premium
693,455
693,455
Contingency Reserve
545,195
413,942
General reserves
683,514
853,767
Shareholders fund
4336903
4375904
PROFIT AND LOSS ACCOUNTS
For the year ended 31 December 2008
TURNOVER AND PROFITS
Gross premium
4,375,118
2,814,784
Less Reinsurance
-38,034
-175,858
Net premium written
4,337,084
2,638,926
Increase in Unexpired risk reserve
-325,373
-163,996
Premium earned
4,011,711
2,474,930
Commissions earned
52,719
44,690
Underwriting Expenses
1,072,681,723
1,072,995,461
Claims incurred
-899,778
-218,905
Underwriting profit
2,104,551
1,554,351
Investment and other income
699,519
207,054
Management Expenses
1,072,596,967
-691,880
Finance charges-interest
-76,606
-20,976
Diminution in value of quoted shares
-347,741
Provision for doubtful debts
-611,388
-180,372
Net profit before tax
623,478
868,177
Taxation
-81,058
-110,195
Net profit after tax
542,420
757,982
Appropriations
Contingency reserve
-131,254
-173,635
Transfer to revenue reserve
411,167
584,347
Dividend paid
1,073,160,405
Balance brought forward
853,767
269,420
Revenue reserve
683514
853767
Earnings Per Share
0
0
Statement of Cash Flows
For the period ended 31 December 2007
Cash flows from operating activities
Profit for the period before taxation
868,177,204
546,905,263
Accretion to insurance funds
141,162,965
185,579,275
Depreciation
137,671,725
72,109,802
Depreciation on leased assets
48,705,480
1195717374
804594340
Working capital changes
Debtors
-930,527,801
41,365,406
Recapitalization expenses
1,000,603,488
Creditors
199,814,873
703,068
Cash generated from operations
492004446
773524478
Tax paid
1,050,632,127
1,065,513,617
Dividend paid
953,635,941
Net cash from operating activities
348788866
765296271
Cash flows from investing activities
Bank loan
973,088,007
119,648,906
Convertible Bond
1,172,062,548
Purchase of fixed assets
770,486,069
938,771,172
Leased assets
804,007,422
Investment portfolio
-730,903,264
-2,603,244,328
Statutory deposit
813,741,824
Library books
-1,809,900
-62,700
Net Cash from Provided Investment Activities
-145505724
-1853332503
Cash flows from financing activities
Lease repayment
1,008,758,542
Share capital increase by means of cash
367,998,421
2,005,783,474
Net Cash from Financing Activities
303015139
1991233474
Net changes in cash and cash equivalent
157,509,415
137,900,971
Cash and cash equivalent at 31st January
155,346,563
17,445,592
Cash and cash equivalent at 31st December
312855978
155346563
Investment Valuation Ratios
Profitability Ratios
Operating Profit Margin(%)
Return on Assets
0.08%
Net Premium Income/Insurance Funds
4
Growth in Gross Premiums
0.55%
Growth in Net Premiums
0.64%
Growth in Underwriting Profit
0.35%
Growth in PBT
-0.28%
Growth in PAT
-0.26%
Underwriting Expense Ratio
Combined Ratio
Operating Ratio
Underwriting Profit Margin
0.48%
PBT Margin
0.14%
PAT Margin
0.12%
NAPS
0
Cash Flow Indicator Ratios
Earning Retention Ratio
Earnings Per Share
0
Dividend Per Share
Announcement Date
Agm Date
Book Closure
Address
8th January, 2013
2013-01-31
--
Grand Inn & Suites, 3 Stadium Road GRA Ijebu Ode. 11:00 A.M.
Bonus
Bonus Type
Announcement Date
Payment Date
Closure Date
1 for 10
--
--
--
2009-07-24
Dividend
Dividend Type
Announcement Date
Payment Date
Closure Date
0.03
--
--
--
2007-07-14
0.12
--
--
--
2008-07-21
0.02
--
--
--
2009-07-24
Right Ratio
Face Value
Announcement Date
Record Date
Ex-right Date
Premium
Old Face Value
New Face Value
Announcement Date
Ex-split Date
Meeting Date
Remark/Outcome