Tower Limited (ASX: TWR)

Tower Balance Sheet

Financials in millions NZD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 29, 2024	Sep 29, 2024	Sep 29, 2023	Sep 29, 2022	Sep 29, 2021	Sep 29, 2020
Investments in Debt Securities	367.47	367.47	258.76	258.6	277.44	237.3
Investments in Equity & Preferred Securities	-	-	-	-	-	0.57
Total Investments	367.51	367.51	258.8	258.63	277.47	237.9
Cash & Equivalents	64.69	64.69	55.11	84.5	116.13	79.96
Reinsurance Recoverable	35.5	35.5	147.24	19.63	24.21	23.61
Other Receivables	17.62	17.62	12.26	219.08	190.3	225.32
Deferred Policy Acquisition Cost	-	-	-	37.82	31.97	34.67
Property, Plant & Equipment	26.73	26.73	29.48	28.74	34.95	17.25
Goodwill	17.74	17.74	17.74	17.74	17.74	17.74
Other Intangible Assets	78.88	78.88	80.78	76.91	70.85	60.1
Restricted Cash	10.7	10.7	8.9	-	-	0.15
Other Current Assets	-	-	16.92	25.22	3.28	2.66
Long-Term Deferred Tax Assets	0.38	0.38	16.07	23.89	24.45	28.82
Other Long-Term Assets	15.4	15.4	12.04	12.04	12.04	12.04
Total Assets	635.15	635.15	655.34	804.21	803.39	740.24
Accounts Payable	22.15	22.15	10.83	14.67	22.91	13.53
Accrued Expenses	16.27	16.27	4.23	45.75	40.36	38.49
Insurance & Annuity Liabilities	177.57	177.57	285.81	-	-	-
Unpaid Claims	-	-	-	124.53	122.34	107.75
Unearned Premiums	-	-	-	238.12	212.28	203.45
Reinsurance Payable	-	-	-	3.7	6.34	14.16
Current Portion of Leases	4.91	4.91	5.48	6.24	6.08	2.72
Current Income Taxes Payable	0.61	0.61	0.2	0.14	0.17	0.82
Long-Term Leases	23.95	23.95	27.14	28.82	33.34	5.97
Long-Term Deferred Tax Liabilities	13.72	13.72	0.18	8.81	2.78	1.35
Other Current Liabilities	6.64	6.64	16.67	12.27	6.61	7.33
Other Long-Term Liabilities	9.19	9.19	7.09	3.65	0.47	2.63
Total Liabilities	274.99	274.99	357.61	486.69	453.67	398.19
Common Stock	460.73	460.73	460.32	460.19	492.42	492.42
Retained Earnings	4.43	4.43	-58.47	-41.21	-40	-48.11
Comprehensive Income & Other	-105.01	-105.01	-104.11	-101.45	-105.39	-104.43
Total Common Equity	360.16	360.16	297.73	317.53	347.04	339.89
Minority Interest	-	-	-	-	2.68	2.16
Shareholders' Equity	360.16	360.16	297.73	317.53	349.72	342.05
Total Liabilities & Equity	635.15	635.15	655.34	804.21	803.39	740.24
Filing Date Shares Outstanding	379.48	379.48	379.48	379.48	421.65	421.65
Total Common Shares Outstanding	379.48	379.48	379.48	379.48	421.65	421.65
Total Debt	28.86	28.86	32.62	35.05	39.42	8.7
Net Cash (Debt)	35.84	35.84	22.49	49.45	76.71	71.27
Net Cash Growth	59.31%	59.31%	-54.51%	-35.54%	7.63%	54.73%
Net Cash Per Share	0.09	0.09	0.06	0.12	0.18	0.17
Book Value Per Share	0.95	0.95	0.78	0.84	0.82	0.81
Tangible Book Value	263.54	263.54	199.21	222.88	258.45	262.04
Tangible Book Value Per Share	0.69	0.69	0.52	0.59	0.61	0.62
Land	-	-	-	-	4.1	4.04
Machinery	13.43	13.43	11.34	11.73	23.17	25.97

Source: S&P Capital IQ. Insurance template. Financial Sources.