Published Financial Statements for the year ended 30 June 2024
Oromia Insurance Company S.C.Statutory financial statements published for public information under article 33/2(B) of Insurance Business Proclamation No. 746/2012 and article 12.2.5 of NBE Insurance Corporate Governance Directive No. SIB/48/2019: the annual IFRS statement of financial position as at 30 June 2024 (page 1) and the statement of profit or loss and other comprehensive income for the year ended 30 June 2024 (page 2), each with 30 June 2023 comparatives. Total assets of Birr 4,992,312 thousand, total liabilities of Birr 3,147,799 thousand and total equity of Birr 1,844,513 thousand are reported, with gross premium income of Birr 1,857,222 thousand, general takaful contribution of Birr 154,921 thousand, underwriting profit of Birr 818,421 thousand, profit before income tax of Birr 603,363 thousand, profit for the year of Birr 470,815 thousand and basic and diluted earnings per share of Birr 0.44. The statement of financial position records that the financial statements were approved and authorised for issue by the board of directors on September 30, 2024 and were signed by Merem Chibsa (Board Chairperson) and Tegistu Shiferaw (Chief Executive Officer); that board date is the basis for the date shown, as the publication carries no newspaper masthead date. The two source files are JPEG images published on the company's notices page (https://www.oromiainsurance.com/assets/img/IFRS20241.jpg and https://www.oromiainsurance.com/assets/img/IFRS20242.jpg, both posted to the site on 26 December 2024), combined and converted to a single two-page PDF without cropping or alteration. This is a separate statutory publication from the annual report for the same year; the same two pages appear as pages 27 and 28 of that report.
- Institution
- Oromia Insurance Company S.C.
- Type
- financial-statement
- Fiscal year
- 2016EC
- Published
- Language
- English
- Pages
- 2
- File size
- 564 KB
- Source checked