Amana Takaful Life PLC |
Interim Report |
30 JUNE 2025 |
Unaudited as at | Audited as at | ||
AS AT | Notes | 30.06.2025 | 31.12.2024 |
Rs. | Rs. | ||
ASSETS | |||
Intangible Assets | 17,049,545 | 17,859,283 | |
Property, Plant and Equipment | 78,826,362 | 45,439,768 | |
Right of use Lease Assets | 3.1 | 30,508,509 | 35,619,380 |
Investment Property | 152,500,000 | 152,500,000 | |
Financial Assets | 4 | 829,062,471 | 881,759,478 |
Financial Assets - Unit Linked | 5 | 3,903,977,206 | 3,587,817,010 |
Retakaful (Reinsurance) Receivables | 61,660,065 | 50,833,117 | |
Contribution (Premium) Receivable | 42,534,546 | 34,542,039 | |
Other Assets | 136,678,876 | 116,168,166 | |
Cash and Bank Balances | 6 | 79,509,299 | 50,255,577 |
Cash and Bank Balances - Unit Linked | 6 | 12,908,961 | 12,606,847 |
Total Assets | 5,345,215,842 | 4,985,400,664 | |
LIABILITIES | |||
Insurance Contract Liabilities - Family Takaful Fund | 252,587,147 | 264,694,774 | |
Insurance Contract Liabilities - Unit Linked | 3,892,596,056 | 3,574,638,570 | |
Employee Benefits | 16,860,560 | 15,210,560 | |
Subordinated Debt | 100,496,650 | 98,044,450 | |
Finance Lease Liability | 3.2 | 33,121,517 | 37,693,000 |
Other Liabilities - Unit Linked | 231,739,570 | 216,343,252 | |
Other Liabilities | 183,788,846 | 141,061,223 | |
Total Liabilities | 4,711,190,346 | 4,347,685,829 | |
SHAREHOLDERS' EQUITY | |||
Stated Capital | 500,000,000 | 500,000,000 | |
Revaluation Reserve | 21,320,747 | 21,320,747 | |
Revenue Reserves | 112,704,750 | 116,394,087 | |
Total Equity | 634,025,497 | 637,714,835 | |
Total Liabilities and Equity | 5,345,215,842 | 4,985,400,664 | |
The notes form an integral part of the Financial Statements.
We certify that the preparation and presentation of these Financial Statements comply with the requirements under Companies Act, No. 07 of 2007.
Signed Signed
M. Rinaz Niyas Gehan Rajapakse
Head of Finance Executive Director/ CEO
Signed for and on behalf of the Board
Signed Signed
Sharhan Muhseen Shehara De Silva
Deputy Chairman/ Director Director
Colombo
15th August 2025
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEUnaudited | Unaudited | |||
FOR THE PERIOD ENDED 30TH JUNE 2025 | 2025 | 2024 | Change | |
Notes | Rs. | Rs. | % | |
Gross Written Contribution (Premium) | 7 | 779,519,064 | 593,370,169 | 31% |
Retakaful Contribution (Reinsurance Premium) | (37,104,077) | (35,091,410) | -6% | |
Net Written Contribution (Premium) | 742,414,987 | 558,278,759 | 33% | |
Net Change in Reserve for Un-Earned Contribution (Premium) | (9,399,057) | (6,991,589) | 34% | |
Net Earned Contribution (Premium) | 733,015,930 | 551,287,170 | 33% | |
Other Revenue | ||||
Income from investments | 288,414,285 | 287,280,984 | 0% | |
Other income | 31,593,684 | 24,443,127 | 29% | |
Total Revenue | 8 | 1,053,023,900 | 863,011,282 | 22% |
Benefits, Losses and Expenses | ||||
Takaful (Insurance) claims and benefits | (281,360,296) | (260,696,231) | -8% | |
Acquisition Cost (net of reinsurance commission) | (106,357,675) | (85,303,711) | -25% | |
Change in Family Takaful Contract Liability | (296,451,026) | (238,672,052) | -24% | |
Other Operating and Administration Expenses | (373,067,878) | (272,259,216) | -37% | |
Amortization | (809,738) | (823,620) | 2% | |
Total Claims, Benefits and Expenses | (1,058,046,613) | (857,754,830) | -23% | |
Profit from Operations | (5,022,713) | 5,256,452 | -196% | |
Finance cost | (4,085,366) | (4,518,682) | 10% | |
Profit Before Taxation | 9 | (9,108,080) | 737,769 | -1335% |
Income Tax Expenses | 10 | - | - | - |
Profit for the Period | (9,108,080) | 737,769 | -1335% | |
Rs | Rs | |||
Basic / Diluted Earnings Per Share To Equity Holders | (0.18) | 0.01 | -1335% | |
Dividend per share | ||||
Interim dividend paid per share | - | - | - | |
Final proposed dividend per share | - | - | - |
Other Comprehensive Income | |||
Net Profit for the Period | (9,108,080) | 737,769 | -1335% |
Change in Fair Value of Available for Sale Financial Assets | - | - | - |
Assets transfer (to) Income Statement | |||
Net Change in Fair Value of Available for Sale Financial | |||
Assets transfer (to)/ from Life Policyholder's Reserve | 5,418,742 | 7,559,901 | -28% |
Total Comprehensive Income for the Period | (3,689,338) | 8,297,670 | -144% |
FOR THE QUARTER ENDED 30TH JUNE | Unaudited | Unaudited | |
2025 | 2024 | Change | |
Rs. | Rs. | % | |
Gross Written Contribution (Premium) | 387,844,649 | 287,293,856 | 35% |
Retakaful Contribution (Reinsurance Premium) | (14,353,098) | (16,233,823) | 12% |
Net Written Contribution (Premium) | 373,491,551 | 271,060,033 | 38% |
Net Change in Reserve for Un-Earned Contribution (Premium) | (51,820) | 184,324 | 128% |
Net Earned Contribution (Premium) | 373,439,731 | 271,244,357 | 38% |
Other Revenue | |||
Income from investments | 119,905,945 | 152,169,658 | -21% |
Other income | 15,018,053 | 12,428,831 | 21% |
Total Revenue | 508,363,729 | 435,842,847 | 17% |
Benefits, Losses and Expenses | |||
Takaful (Insurance) claims and benefits | (127,322,876) | (110,091,084) | -16% |
Acquisition Cost (net of reinsurance commission) | (49,455,965) | (41,497,788) | -19% |
Change in Family Takaful Contract Liability | (129,594,986) | (142,370,907) | 9% |
Other Operating and Administration Expenses | (192,890,826) | (136,921,066) | -41% |
Amortization | (405,477) | (366,791) | -11% |
Total Claims, Benefits and Expenses | (499,670,129) | (431,247,635) | -16% |
Profit/Loss from Operations | 8,693,600 | 4,595,212 | 89% |
Finance cost | (2,064,801) | (2,618,181) | 21% |
Profit/Loss Before Taxation | 6,628,799 | 1,977,030 | 235% |
Income Tax Expenses | - | - | - |
Profit/Loss for the Period | 6,628,799 | 1,977,030 | 235% |
Rs | Rs | ||
Basic / Diluted Earnings Per Share To Equity Holders | 0.13 | 0.04 | 235% |
Dividend per share | |||
Interim dividend paid per share | - | - | - |
Final proposed dividend per share | - | - | - |
Other Comprehensive Income | |||
Profit/Loss for the period | 6,628,799 | 1,977,030 | 235% |
Net Change in Fair Value of Available for Sale Financial | |||
Assets transfer (to)/ from Life Policyholder's Reserve | 3,353,954 | 3,420,244 | -2% |
Total Comprehensive Income for the period | 9,982,753 | 5,397,274 | 85% |
STATEMENT OF CHANGES IN EQUITY | |||||
FOR THE PERIOD ENDED 30TH JUNE 2025 | |||||
Revenue Reserves | |||||
Stated Capital | Revaluation Reserve | Accumulated Profit/(Loss) | Policy Holders' Reserve | Total Equity | |
(Rs) | (Rs) | (Rs) | (Rs) | (Rs) | |
Balance as at 01st January 2024 | 500,000,000 | 11,998,572 | 63,464,180 | 35,044,545 | 610,507,298 |
Net Profit/(Loss) for the period | 737,769 | 737,769 | |||
Net Change in Fair Value of Available for Sale Financial - | |||||
- Assets transfer (to)/ from Life Policyholder's Reserve | 7,559,901 | 7,559,901 | |||
Defined Benefit Plan Acturial Losses, Net of deferred Tax | - | ||||
Balance as at 30th June 2024 | 500,000,000 | 11,998,572 | 64,201,950 | 42,604,446 | 618,804,968 |
Net Profit for the year | - | - | 3,840,501 | - | 3,840,501 |
Other Comprehensive Income | |||||
Net Change in Fair Value of Available for Sale Financial - | |||||
- Assets transfer (to)/ from Life Policyholder's Reserve | - | - | - | 6,633,267 | 6,633,267 |
Revaluation of Property, Plant and Equipment | 9,322,175 | 9,322,175 | |||
Net Change in Fair Value of Available for Sale Financial Assets | |||||
- Transferred to the Income Statement | - | - | - | - | - |
Defined Benefit Plan Acturial Losses, Net of deferred Tax | - | - | (886,074) | - | (886,074) |
Total Comprehensive Income | - | 9,322,175 | 2,954,427 | 6,633,267 | 18,909,869 |
Balance as at 31st December 2024 | 500,000,000 | 21,320,747 | 67,156,375 | 49,237,713 | 637,714,835 |
Net Profit for the Year | - | - | (9,108,080) | - | (9,108,080) |
Other Comprehensive Income | |||||
Net Change in Fair Value of Available for Sale Financial Assets | |||||
- (to)/ from Life Policyholder's Reserve | - | - | - | 5,418,742 | 5,418,742 |
Total Comprehensive Income | - | - | (9,108,080) | 5,418,742 | (3,689,338) |
Balance as at 30th June 2025 | 500,000,000 | 21,320,747 | 58,048,295 | 54,656,455 | 634,025,497 |
Amana Takaful Life PLC
STATEMENT OF CASH FLOW | |||
FOR THE YEAR ENDED 30TH JUNE 2025 | Notes | Unaudited | Unaudited |
2025 | 2024 | ||
Rs | Rs | ||
Cash Flows from Operating Activities | |||
Contribution (Premium) received from customers | 771,526,557 | 597,054,114 | |
Retakaful (Reinsurance) Premium paid | (16,597,321) | (15,009,289) | |
Claims and Benefits paid | (266,492,628) | (245,123,481) | |
Cash paid to and behalf of Employees | (168,840,050) | (131,475,164) | |
Profits received from Investments and Other Income | 90,866,681 | 83,992,948 | |
Finance Cost paid | (4,085,366) | (4,518,682) | |
Other operating cash payments | (288,862,146) | (229,206,853) | |
Cash Flow from Operating Activities (Note A) | 117,515,727 | 55,713,592 | |
- | - | ||
Net Cash Flow from Operating Activities (Note A) | 117,515,727 | 55,713,592 | |
Cash Flows from Investing Activities | |||
Purchase of Financial Assets | (1,445,922,241) | (688,699,174) | |
Sale of Financial Assets | 1,409,146,268 | 667,627,052 | |
Dividend Received | 2,375,770 | 2,408,580 | |
Purchase of Property, Plant & Equipment | (42,738,734) | (11,430,200) | |
Net Cash flow from Investing Activities | (77,138,937) | (30,093,741) | |
Cash Flows used in Financing Activities | (6,440,000) | (4,671,000) | |
Repayment of Finance Lease Liability | |||
Net cash flows used in Financing Activities | (6,440,000) | (4,670,999) | |
33,936,790 | 20,948,852 | ||
NOTE A | |||
Reconciliation of Operating Profit with Cash Flows from Operations | |||
FOR THE YEAR ENDED 30TH JUNE 2025 | Notes | Unaudited | Unaudited |
2025 | 2024 | ||
Rs | Rs | ||
Profit from Operations | (5,022,713) | 5,256,452 | |
Depreciation | 9,352,141 | 3,669,605 | |
Amortisations | 809,738 | 823,620 | |
Depreciation Right of Use Asset | 5,110,871 | 3,705,489 | |
Provision for Gratuity | 1,650,000 | 1,500,000 | |
Unrealised (Income)/Losses | (84,938,268) | (20,108,102) | |
(Increase)/Decrease in Debtors and Other Assets | (169,141,289) | (226,851,134) | |
Increase in Family Takaful (Long Term Insurance) Fund/ (Decrease) | 296,451,026 | 238,672,052 | |
Increase/(Decrease) in Unearned Contribution (Premium) | 9,399,057 | 6,991,589 | |
Increase/(Decrease) in Other Creditors | 58,123,942 | 47,849,134 | |
Finance Cost Paid | (4,085,366) | (4,518,682) | |
Gratuity Paid | - | (1,621,001) | |
Exchange Gain/Loss | (193,411) | 344,571 | |
Cash Flows from Operating Activities | 117,515,727 | 55,713,592 | |
Note B | |||
Increase/ (Decrease) in Cash and Cash Equivalents | 6 | ||
Cash and Cash Equivalents at the end of the Period | 441,225,576 | 364,156,334 | |
Cash and Cash Equivalents at the beginning of the Period | 407,288,786 | 343,207,481 | |
Increase/ (Decrease) in Cash and Cash Equivalents | 33,936,790 | 20,948,852 | |
STATEMENT OF FINANCIAL POSITION - SEGMENTAL ANALYSIS | ||||
AS AT 30.06.2025 | Unaudited | |||
Family Takaful Fund | Shareholders' Fund | Adujstments | Total | |
Rs. | Rs. | Rs. | Rs. | |
ASSETS | ||||
Intangible Assets | - | 17,049,545 | - | 17,049,545 |
Property, Plant and Equipment | - | 78,826,362 | - | 78,826,362 |
Right of use Lease Assets | - | 30,508,509 | - | 30,508,509 |
Investment Property | - | 152,500,000 | - | 152,500,000 |
Financial Assets | 380,946,030 | 448,116,442 | - | 829,062,471 |
Retakaful Receivable | 61,660,065 | - | - | 61,660,065 |
Contribution (Premium) Receivable | 42,534,546 | - | - | 42,534,546 |
Other Assets | 62,237,484 | 74,441,392 | - | 136,678,876 |
Other Assets - Unit Linked | - | - | - | - |
Financial Assets - Unit Linked | 3,903,977,206 | - | - | 3,903,977,206 |
Interfund Receivable | - | 1,166,606 | (1,166,606) | - |
Cash and Bank Balances | 77,052,939 | 2,456,361 | - | 79,509,299 |
Cash and Bank Balances - Unit Linked | 12,908,961 | - | - | 12,908,961 |
Total Assets | 4,541,317,231 | 805,065,216 | (1,166,606) | 5,345,215,842 |
LIABILITIES | ||||
Insurance Contract Liability - Family Takaful Fund | 252,587,147 | - | - | 252,587,147 |
Insurance Contract Liability - Family Takaful Linked Unit Linked | 3,892,596,056 | - | - | 3,892,596,056 |
Employee Benefits | - | 16,860,560 | - | 16,860,560 |
- | ||||
Subordinated Debt | - | 100,496,650 | - | 100,496,650 |
Finance Lease Liability | - | 33,121,517 | - | 33,121,517 |
Inter Fund Payable | 1,166,607 | - | (1,166,606) | - |
Other Liabilities | 109,932,397 | 73,856,449 | - | 183,788,846 |
Other Liabilities - Unit Linked | 231,739,570 | - | - | 231,739,570 |
Total Liability | 4,488,021,777 | 224,335,176 | (1,166,606) | 4,711,190,346 |
SHAREHOLDERS' EQUITY | ||||
Stated Capital | - | 500,000,000 | - | 500,000,000 |
Revaluation Reserve | - | 21,320,747 | - | 21,320,747 |
Revenue Reserves | 53,295,450 | 59,409,300 | - | 112,704,750 |
Total Equity | 53,295,450 | 580,730,047 | - | 634,025,497 |
Total Equity and Liability | 4,541,317,230 | 805,065,217 | (1,166,606) | 5,345,215,842 |
The above Long Term Insurance ( Family Takaful ) Statement of Financial Position is to be read in conjunction with the Company Statement of Financial Position. | ||||
STATEMENT OF FINANCIAL POSITION - SEGMENTAL ANALYSIS | ||||
AS AT 31.12.2024 | Audited | |||
Family Takaful Fund | Shareholders Fund | Adujstments | Total | |
Rs. | Rs. | Rs. | Rs. | |
ASSETS | (4,859,794) | |||
Intangible Assets | 17,859,283 | 17,859,283 | ||
Property, Plant and Equipment | 45,439,768 | 45,439,768 | ||
Right Of Use Asset | 35,619,380 | 35,619,380 | ||
Investment Property | 152,500,000 | 152,500,000 | ||
Financial Investments | 419,716,348 | 462,043,130 | 881,759,478 | |
Retakaful Receivable | 50,833,117 | 50,833,117 | ||
Contribution (Premium) Receivable | 34,542,039 | 34,542,039 | ||
Other Assets | 43,134,053 | 73,034,113 | 116,168,166 | |
Financial Assets - Unit Linked | 3,587,817,010 | 3,587,817,010 | ||
Interfund Receivable | 4,859,794 | - | ||
Cash and Bank Balances | 48,595,916 | 1,659,661 | 50,255,577 | |
Cash and Bank Balances - Unit Linked | 12,606,847 | 12,606,847 | ||
Total Assets | 4,197,245,331 | 793,015,128 | (4,859,794) | 4,985,400,664 |
LIABILITIES | (4,859,794) | |||
Insurance Contract Liability - Family Takaful Fund | 264,694,774 | 264,694,774 | ||
Insurance Contract Liability - Family Takaful Unit Linked | 3,574,638,570 | 3,574,638,570 | ||
Employee Benefits | 15,210,560 | 15,210,560 | ||
Subordinated Debt | 98,044,450 | 98,044,450 | ||
- | ||||
Finance Lease Liability | 37,693,000 | 37,693,000 | ||
Inter Fund Payable | 4,859,794 | - | ||
Other Liabilities | 88,607,321 | 52,453,902 | 141,061,223 | |
Other Liabilities - Unit Linked | 216,343,252 | 216,343,252 | ||
Total Liability | 4,149,143,711 | 203,401,912 | (4,859,794) | 4,347,685,829 |
SHAREHOLDERS' EQUITY | 48,101,620 | |||
Stated Capital | 500,000,000 | 500,000,000 | ||
Revaluation Reserve | 21,320,747 | 21,320,747 | ||
Revenue Reserves | 68,292,470 | 116,394,087 | ||
Total Equity | 48,101,620 | 589,613,217 | - | 637,714,835 |
Total Equity and Liability | 4,197,245,331 | 793,015,128 | (4,859,794) | 4,985,400,664 |
The above Long Term Insurance ( Family Takaful ) Statement of Financial Position is to be read in conjunction with the Company Statement of Financial Position. | ||||
Figures in the Interim Financial Statements for the year ended 30th June 2025 are provisional and unaudited.
These Interim Financial Statements of the Company have been prepared in accordance with Sri Lanka Accounting Standards (SLAS) prefixed both SLFRS (corresponding to IFRS) and LKAS (LKAS 34 - Interim Financial Reporting), promulgated by the Institute of Chartered Accountants of Sri Lanka (ICASL) and comply with the requirements of the Companies Act, No. 7 of 2007 and the Regulation of Insurance Industry Act, No. 43 of 2000.
The same accounting policies and methods of computation as stated in the Audited Financial Statements 2024 have been followed in preparation of these Interim Financial Statements. Comparative information has been re-valued/re-classified where necessary, to confirm to the current period recognition, measurement and presentation.
Motor Vehicles were revalued in 2024 as per company policy to revalue them once in every three years.
Right of Use Lease Asset
The company recognises a right-of-use asset and a lease liability at the lease commencement date. The right of use assets of the company consist of a vehicle taken on lease which were previously recognised as finance leases under LKAS 17.
Right of use Lease Asset
Unaudited as at 30.06.2025
Audited
Property
Total
31.12.2024
Rs.
Opening right of use lease asset as at 01st January
35,619,380
35,619,380
12,390,512
Addition
-
32,214,188
Net Depreciation for the period
(5,110,871)
(5,110,871)
(8,985,320)
Closing Right of use lease asset as at 30th June 2025
30,508,509
30,508,509
35,619,380
Lease Liability (Lease Creditor)
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the Ijarah rate implicit in the lease or, if that rate can not be readily determined, the Group's incremental borrowing rate. The movement of Lease creditor for the period is as follows,
Unaudited as at 30.06.2025 | Audited | ||
Property | Total | 31.12.2024 | |
Rs. | |||
Opening lease Creditor as at 01st January | 37,693,000 | 37,693,000 | 13,687,013 |
Addition | 32,214,188 | ||
Ijarah Expense recognised in Profit or Loss | 1,868,517 | 1,868,517 | 3,252,899 |
Settlement through lease payment | (6,440,000) | (6,440,000) | (11,461,100) |
Closing Lease Liability as at 30th June 2025 | 33,121,517 | 33,121,517 | 37,693,000 |
NOTES TO THE FINANCIAL STATEMENTS | ||
4. Financial Assets | ||
AS AT | Unaudited as at | Audited as at |
30.06.2025 | 31.12.2024 | |
Rs. | Rs. | |
Financial Assets at Fair Value Through Profit or Loss (4.1) | 29,699,999 | 56,203,581 |
Available For Sale Financial Assets (4.2) | 94,771,981 | 90,555,525 |
Loans & Receivables (4.3) | 704,590,491 | 735,000,371 |
829,062,471 | 881,759,478 | |
AS AT | Unaudited as at | Audited as at |
30.06.2025 | 31.12.2024 | |
Rs. | Rs. | |
4.1 Financial Assets at Fair Value Through Profit & Loss | 29,699,999 | 56,203,581 |
Investment in Bullion | ||
29,699,999 | 56,203,581 | |
4.2 Available For Sale Financial Assets | 94,771,981 | 90,555,525 |
Unit Trust | ||
94,771,981 | 90,555,525 | |
4.3 Loans and Receivable | ||
Repurchase Agreements | 240,697,110 | 240,871,147 |
Fixed Term Investments | 463,893,382 | 494,129,224 |
704,590,491 | 735,000,371 | |
NOTES TO THE FINANCIAL STATEMENTS | ||
5. Financial Assets - Unit Linked | ||
AS AT | Unaudited as at | Audited as at |
30.06.2025 | 31.12.2024 | |
Rs. | Rs. | |
Financial Assets at Fair Value Through Profit or Loss (5.1) | 456,263,158 | 315,393,787 |
Available For Sale Financial Assets (5.2) | 44,128,597 | 42,866,057 |
Loans & Receivables (5.3) | 3,403,585,451 | 3,229,557,165 |
3,903,977,206 | 3,587,817,010 | |
Unaudited as at | Audited as at | |
30.06.2025 | 31.12.2024 | |
Rs. | Rs. | |
5.1 Financial Assets at Fair Value Through Profit & Loss | ||
Investments in Equity Securities | 117,199,157 | 96,135,371 |
Investment in Bullion | 339,064,001 | 219,258,416 |
456,263,158 | 315,393,787 | |
5.2 Available For Sale Financial Assets | 44,128,597 | 42,866,057 |
Unit Trust | ||
44,128,597 | 42,866,057 | |
5.3 Loans and Receivable | ||
Repurchase Agreements | 108,061,949 | 103,799,215 |
Fixed Term Investments | 3,295,523,502 | 3,125,757,950 |
3,403,585,451 | 3,229,557,165 | |
6. Cash and Cash Equivalents in Statement of Cash Flow | ||
Unaudited as at | Audited as at | |
30.06.2025 | 31.12.2024 | |
Rs. | Rs. | |
Cash and Bank Balances | 79,509,299 | 50,255,577 |
Cash and Bank Balances - Unit Linked | 12,908,961 | 12,606,847 |
Investment in Government Securities | 348,807,315 | 344,426,362 |
441,225,576 | 407,288,786 | |
NOTES TO THE FINANCIAL STATEMENTS | ||
7. Gross Written Contribution (Premium) | ||
FOR THE YEAR ENDED 30TH JUNE | Unaudited | Unaudited |
2025 | 2024 | |
Rs. | Rs. | |
7.1 Long Term Insurance (Family Takaful) | ||
Unit Linked | 729,189,953 | 553,287,722 |
Family Takaful | 7,224,743 | 9,649,938 |
Mortgage & Group Family Takaful | 43,104,369 | 30,432,508 |
Total Gross Written Premium | 779,519,065 | 593,370,169 |
8. Revenue | ||
8.1 Revenue by Segment | ||
FOR THE YEAR ENDED 30TH JUNE | Unaudited | Unaudited |
2025 | 2024 | |
Rs. | Rs. | |
Segment | ||
Long Term (Family Takaful) | 972,213,865 | 791,614,941 |
Shareholders' Fund | 80,810,035 | 71,396,340 |
1,053,023,900 | 863,011,282 | |
8.2 Revenue | ||
FOR THE YEAR ENDED 30TH JUNE | Unaudited | Unaudited |
2025 | 2024 | |
Rs. | Rs. | |
Gross written Contribution (Premium) | 779,519,064 | 593,370,169 |
Less : | ||
Reinsurance premium | (37,104,077) | (35,091,410) |
Net written premium | 742,414,987 | 558,278,759 |
(Increase)/decrease in net unearned premium | (9,399,057) | (6,991,589) |
Net Earned Premium | 733,015,930 | 551,287,170 |
Income from investments | 288,414,285 | 287,280,984 |
Other income | 31,593,684 | 24,443,127 |
Total Revenue | 1,053,023,900 | 863,011,282 |
9. Profit/(Loss) Before Taxation by Segment | ||
FOR THE YEAR ENDED 30TH JUNE | Unaudited | Unaudited |
2025 | 2024 | |
Rs. | Rs. | |
Segment | (9,108,080) | 737,769 |
Shareholders' Fund | ||
Total | (9,108,080) | 737,769 |
Amana Takaful Life PLC is liable for income tax at 30% (2024 - 30%)
The nature of related party transactions in the current period is similar to those reported in the issued Financial Statements 2024
Comparative figures have been restated wherever necessary to conform to the current periods presentation.
There has not been a significant change in the nature of the contingent liabilities as disclosed in the issued Financial Statements 2024.
No events have occurred since the reporting date that necessitates adjustments to or disclosure in the Financial Statements.
Basic Earnings per Share is calculated by dividing the net profit/(loss) for the period attributable to ordinary shareholders by the the weighted average number of ordinary shares outstanding during the period.
Unaudited
Unaudited
30.06.2025
30.06.2024
Amount used as the Numerator
Net Profit attributable to Ordinary Shareholders (Rs.)
(9,108,080)
737,769
Number of Ordinary Shares used as Denominator:
Ordinary shares - Voting (One vote per Ordinary Share)
50,000,000
50,000,000
Share Information
30.06.2025 | 30.06.2024 | |
Rs. | Rs. | |
Net asset value per share | 12.68 | 12.38 |
Market price per share as at | 31.00 | 26.60 |
Highest price per share for the period | 34.50 | 33.50 |
Lowest price per share for the period | 25.10 | 26.20 |
Amana Takaful Life PLC
Interim Report 30th June 2025
NOTES TO THE FINANCIAL STATEMENTS | ||
Twenty Five Largest Shareholders as at 30th June 2025 | ||
Name of Shareholder | Shares | % |
Amana Takaful PLC | 38,150,000 | 76.30 |
Sampath Bank PLC/Senthilverl Holdings (Pvt) Ltd | 8,929,909 | 17.53 |
Aberdeen Holdings (Private) Limited | 2,000,000 | 4.00 |
Mr. Abdul Azees Mohamed Anas | 49,100 | 0.20 |
Mr. Mohamed Sahabdeen Mohamed Ikram | 31,900 | 0.10 |
Mrs. Pattinideva Asoka Swarna Kanthie Beruwalage | 25,059 | 0.07 |
Mr. Mohamed Ziyad Mohamed Nihaz | 25,000 | 0.06 |
Mr. Mohamed Nizamdeen Mohamed Nazir | 24,600 | 0.05 |
Mr. Muhammadu Muyees Mohammadu Abdul Cader | 24,600 | 0.05 |
Miss Lakshi Sandamali Jayawila | 19,700 | 0.05 |
Mrs. Manchanayaka Appuhamillage Nandanie Somalatha Manchanayaka | 19,700 | 0.05 |
Mr. Mohamed Rizam Mohamed Ismail | 19,700 | 0.04 |
Mrs. Waniganetti Vidanaralalage Dona Somawathi | 19,700 | 0.04 |
Mr. Abdul Razzak Mohamed Riyaz | 16,500 | 0.04 |
Dr. Gayan Surendrajith Perera | 16,324 | 0.04 |
Mr. Iqram Sankylam Cuttilan | 14,800 | 0.03 |
Mr. Dilkith Hansira Lanka Jayawila | 14,395 | 0.03 |
Hameedia Stores (Pvt) Ltd | 12,045 | 0.03 |
Mrs. Epa Ranasinghe Imiya Appuhamilage Anoja Ranasinghe | 11,580 | 0.03 |
Mr. Sadakath Rahim Nizar | 10,000 | 0.02 |
Mr. Fayas Ahmed Mohamed Anwer | 9,900 | 0.02 |
Mr. Muhammadu Aleem Sharifdeen | 9,900 | 0.02 |
Est Of Lat Niroshan Ariya Sellahewa (Deceased) | 9,900 | 0.02 |
Mr. Noohu Lebbe Anvar Mackey | 9,900 | 0.02 |
Mr. Shahid Mohamed Sangani | 9,104 | 0.02 |
49,483,316 | 98.86 | |
Other Shareholders | 516,684 | 1.14 |
Total | 50,000,000 | 100.00 |
Public Shareholding | 30.06.2025 | |
Float Adjusted Market Capitalisation (Rs.)* | 305,350,000 | |
Percentage of Shares held by the Public | 19.70% | |
Number of Public Shareholders | 1,051 | |
The Company Complies with the minimum public shareholding required under option 02 of section 7.14.1 (b) of the Listing Rules. | ||
* Float Adjusted Market Capitalisation = Market Capitalisation X Public Holding Percentage | ||
Directors' Shareholdings | No. of Shares | No. of Shares |
30.06.2025 | 31.12.2024 | |
Mr.Osman Kassim | Nil | Nil |
Mr. Gehan Shivantha Rajapakse (Executive Director / CEO) | Nil | Nil |
Mr. Ammar Kassim (Resigned w.e.f.09.03.2025) | Nil | Nil |
Mr. Sharhan Muhseen | Nil | Nil |
Mr. Hassan Kassim | Nil | Nil |
Ms. Shehara de Silva | Nil | Nil |
Mr. Suresh Malith Paranawithana | Nil | Nil |
Mr. Pushpakumar Gunasekara | Nil | Nil |
CORPORATE INFORMATION | |
NAME OF THE COMPANY | REGISTERED OFFICE |
Amana Takaful Life PLC | No. 660 - 1/1, Galle Road, Colombo 03, Sri Lanka |
LEGAL STATUS | AUDITORS |
Public Quoted Company with Limited Liability incorporated in Sri Lanka on 10th July 2014. | Ernst & Young Chartered Accountants |
COMPANY REGISTRATION NUMBER | SECRETARIES |
PB 5202 PQ | Managers & Secretaries (Pvt) Ltd |
TAX PAYER IDENTIFICATION NUMBER(TIN) | REINSURANCE PANEL |
139052021 | Hannover Re |
Munich Re | |
STOCK EXCHANGE LISTING | CONSULTANT ACTUARIES - LONG-TERM INSURANCE |
The shares of the Company are listed in the Second Board of the Colombo Stock Exchange, Sri Lanka on 18th August 2016. Stock Exchange Code for Amana Takaful Life PLC shares is 'ATLL'. | Actuarial Partners Consulting Sdn Bhd Suite 17.02 Kenanga International Jalan Sultan Ismail 50250 Kuala Lumpur, Malaysia |
DIRECTORS | SHARIAH ADVISORY COUNCIL |
Mr.Osman Kassim (Chairman) | Mufti M.I.M. Rizwe - Chairman |
Mr. Gehan Shivantha Rajapakse -Executive Director / CEO | Mufti Shafique Ahmed Jakhura - Member |
Mr. Ammar Kassim (Resigned w.e.f.09.03.2025) | Ash-Sheikh Murshid Mulaffar- Secretary |
Mr. Sharhan Muhseen | |
Mr. Hassan Kassim | EXECUTIVE DIRECTOR / CHIEF EXECUTIVE OFFICER |
Ms. Shehera de Silva | Mr. Gehan Shivantha Rajapakse |
Mr. Suresh Malith Paranawithana | |
Mr. Pushpakumar Gunasekara | PRINCIPAL BANKERS |
Amana Bank PLC/Pan Asia Bank/National Development Bank/Bank of Ceylon/ | |
Commercial Bank/Sampath Bank/Hatton National Bank/Nations Trust Bank/ | |
People's Bank/MCB Bank |