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Al Khazna Insurance Co. (الخزنة للتامين)
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name Al Khazna Insurance (الخزنة للتامين) Headquarters P.O. Box 73343, Villa No 51, East of Al Nahyan camp, Delma Street No 13, Abu Dhabi.; Abu Dhabi; Northern Emirates |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Financial Auditors: PricewaterhouseCoopers (2012) Incorporation Date: January 1, 1996 Total Employees: 100 Tel: 971 26969700 |
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Company Description |
| Al Khazna Insurance Company P.S.C. is a public shareholding company incorporated in Abu Dhabi in year 1996.Al Khazna obtained its business enrolment at the end of January 1997 and the actual operation was launched in March 1997. " The Company is engaged in insurance and reinsurance of all classes of business, with the exception of endowments and annuities. |
Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues decreased with -49.10%, from AED 280,129.767 thousands to AED 142,588.142 thousands. Operating Results increased from AED -93,187.118 thousands to AED 16,622.579 thousands. The results of the period reached AED 11,804.428 thousands at the end of the period against AED -106,844.651 thousands last year. Return on equity (Net income/Total equity) went from -17.13% to 1.92%, the Return On Asset (Net income / Total Asset) went from -8.91% to 1.11% and the Net Profit Margin (Net Income/Net Sales) went from -38.14% to 8.28% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 72.62% compared to 92.34% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.20 to 1.63 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (cons) |
2011 Y (cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
1,048,918 |
1,060,162 |
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Current Assets |
994,714 |
266,357 |
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Total Liabilities |
421,117 |
445,990 |
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Shareholders Equity |
627,801 |
614,171 |
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Current Liabilities |
146,582 |
163,219 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
139,722 |
142,588 |
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Operational Profit (Loss) |
24,583 |
16,622 |
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Net Profit (Loss) |
11,910 |
11,804 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
1.14% |
1.11% |
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Annualised Return on Assets (ROA) |
1.14% |
1.11% |
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Return on Equity (ROE) |
1.9% |
1.92% |
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Annualised Return on Equity (ROE) |
1.94% |
1.89% |
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Return on Sales (ROS) |
8.52% |
8.28% |
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Return on Capital |
2.72% |
1.85% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
17.59% |
11.66% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
0.78x |
0.60x |
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Current asset turnover |
0.14x |
0.54x |
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Fixed-asset turnover |
2.58x |
0.18x |
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Asset Turnover |
0.13x |
0.13x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
24,583 |
16,622 |
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EBITDA |
37,256 |
21,440 |
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Enterprise value |
380,051 |
431,219 |
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Enterprise Value / EBITDA |
10.20 |
20.11 |
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Bookvalue (BV) |
627,801 |
614,171 |
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Net Cash |
-380,051 |
-431,219 |
| Liquidity Ratios | ||
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Current Ratio |
678.6% |
163.19% |
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Quick ratio |
678.6% |
163.19% |
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Doom's day ratio |
28.02% |
9.05% |
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Cash Flow to Debt |
3.29% |
-10.61% |
| Leverage Ratios | ||
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Leverage ratio |
167.08% |
172.62% |
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Debt to equity |
67.08% |
72.62% |
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Debt to total assets |
40.15% |
42.07% |
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Long Term Debt to Capital |
30.42% |
31.53% |
| Trend Ratios | ||
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Revenue Trend |
97.99% |
50.9% |
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Net Income Trend |
100.9% |
-11.05% |
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Operating Income Trend |
147.89% |
-17.84% |
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