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Abu Dhabi National Takaful Co. (أبو ظبي الوطنية للتكافل)

Main Activities: Insurance Carriers and Related Activities

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Company Information

Full name
Abu Dhabi National Takaful Company (أبو ظبي الوطنية للتكافل)

Headquarters
P.O. Box 35335, Abu Dhabi Islamic Bank Building,3 rd Floor, Baynuna Street, Al Bateen,Abu Dhabi, UAE.; Abu Dhabi; Northern Emirates
Status: Listed
Legal Form: Limited Liability Company
Operational Status: Operational
ISIN CODE : AEA001801017
Financial Auditors: Deloitte Touche Tohmatsu (2012)
Incorporation Date: May 31, 2003
Total Employees: 70

Tel: 971 24107700

Company Description

Abu Dhabi National Takaful Company - TAKAFUL is a national insurance company established in the capital of the United Arab Emirate, Abu Dhabi in November 2003. TAKAFUL is a public shareholding company that aims to serve the growing need for Islamic Insurance solutions by offering a comprehensive range of products and services.
The Company was listed in Abu Dhabi Stock exchange in year 2005.


Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 17.24%, from AED 159,998.213 thousands to AED 187,586.351 thousands. Operating result increased from AED 41,328.461 thousands to AED 48,516.553 thousands which means 17.39% change. The results of the period increased 16.34% reaching AED 24,433.015 thousands at the end of the period against AED 21,001.705 thousands last year. Return on equity (Net income/Total equity) went from 16.63% to 16.72%, the Return On Asset (Net income / Total Asset) went from 6.23% to 6.02% and the Net Profit Margin (Net Income/Net Sales) went from 13.13% to 13.02% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 177.84% compared to 166.82% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.80 to 1.61 when compared to the previous year.

Key Executives

Mr.Khadem A. Al Qubaisi Chairman
Mr.Khamis M. Buharoon Vice Chairman
Mr.Andrew Douglas Moir BOD - Board of Directors
Mr.Dafer Farouq Luqman BOD - Board of Directors
Mr.khalid Khaleefa Al Suwaidi BOD - Board of Directors

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Balance Sheet

Total Assets

462,048

405,941

Current Assets

256,627

388,498

Total Liabilities

296,568

259,837

Shareholders Equity

165,480

146,103

Current Liabilities

274,032

242,011

* All the accounts are in AED.
Income Statement

Total Operating Revenue

195,228

187,586

Operational Profit (Loss)

55,684

48,516

Net Profit (Loss)

27,122

24,433

* All the accounts are in AED.
Ratios
Profitability Ratios

Return on Assets (ROA)

5.87%

6.02%

Annualised Return on Assets (ROA)

5.87%

6.02%

Return on Equity (ROE)

16.39%

16.72%

Annualised Return on Equity (ROE)

18.56%

19.35%

Return on Sales (ROS)

13.89%

13.02%

Return on Capital

29.62%

29.6%

Gross Profit Margin

157.1%

153.26%

Operating Profit Margin

28.52%

25.86%

Efficiency Ratios

Accounts Receivable Turnover

7.64x

5.44x

Current asset turnover

0.76x

0.48x

Fixed-asset turnover

0.95x

10.75x

Asset Turnover

0.42x

0.46x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

55,684

48,516

EBITDA

55,684

48,516

Enterprise value

119,544

89,594

Enterprise Value / EBITDA

2.15

1.85

Bookvalue (BV)

165,480

146,103

Net Cash

-119,544

-89,594

Liquidity Ratios

Current Ratio

93.65%

160.53%

Quick ratio

93.65%

160.53%

Doom's day ratio

64.6%

70.34%

Leverage Ratios

Leverage ratio

279.22%

277.84%

Debt to equity

179.22%

177.84%

Debt to total assets

64.19%

64.01%

Long Term Debt to Capital

11.99%

10.87%

Trend Ratios

Revenue Trend

104.07%

117.24%

Net Income Trend

111.01%

116.34%

Operating Income Trend

114.77%

117.39%