Madison Financial Services Plc (LUSE: MAFS)

LUSE: MAFS Balance Sheet

Financials in millions ZMW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014
Period Ending	Dec 31, 2018	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Investments in Debt Securities	98.88	98.88	63.53	35.61	29.75	23.19
Investments in Equity & Preferred Securities	28.66	28.66	1.18	8.45	11.02	10.61
Other Investments	120.29	120.29	175.8	175.26	87.48	49.62
Total Investments	446.45	446.45	434.42	367.75	257.7	200.63
Cash & Equivalents	149.54	149.54	142.03	83.97	153.82	139.11
Reinsurance Recoverable	-	-	-	7.93	10.54	8.5
Other Receivables	464.16	464.16	416.15	366.78	345.9	254.48
Deferred Policy Acquisition Cost	7.93	7.93	6.05	-	-	-
Property, Plant & Equipment	125.82	125.82	120.14	124.64	102.09	83.34
Goodwill	4.11	4.11	4.11	4.11	4.11	4.11
Other Intangible Assets	20.85	20.85	21.75	22.4	11.26	8.37
Other Current Assets	45.96	45.96	37.78	37.57	30.58	13.86
Long-Term Deferred Tax Assets	18.17	18.17	9.28	19.92	15.76	4.47
Total Assets	1,283	1,283	1,192	1,035	931.76	716.85
Accounts Payable	12.89	12.89	8.8	34.65	41.21	31.84
Accrued Expenses	8.51	8.51	7.32	-	-	5.27
Insurance & Annuity Liabilities	432.89	432.89	373.43	305.09	277.42	227.67
Current Portion of Long-Term Debt	67.95	67.95	53.49	22.09	30.28	50.76
Current Portion of Leases	0.18	0.18	0.04	1.78	1.21	0.56
Short-Term Debt	0.03	0.03	0.74	12.22	24.11	27.69
Current Income Taxes Payable	-	-	-	-	-	0.33
Long-Term Debt	88.53	88.53	141.63	172.46	160.49	89.32
Long-Term Leases	0.32	0.32	0.7	1.79	4.37	2.68
Long-Term Deferred Tax Liabilities	17.51	17.51	11.88	12.19	13.82	6.04
Other Current Liabilities	577.41	577.41	476.32	331.68	245.8	139.43
Other Long-Term Liabilities	5.97	5.97	5.81	-	-	-
Total Liabilities	1,217	1,217	1,084	895.23	799.94	581.6
Common Stock	0.5	0.5	0.5	0.5	0.5	0.5
Additional Paid-In Capital	13.66	13.66	13.66	13.66	13.66	13.66
Retained Earnings	18.2	18.2	56.76	93.8	88.43	93.08
Comprehensive Income & Other	26.39	26.39	26.46	21.35	17.71	6.1
Total Common Equity	58.75	58.75	97.38	129.31	120.29	113.33
Minority Interest	7.73	7.73	10.07	10.53	11.53	21.92
Shareholders' Equity	66.48	66.48	107.45	139.84	131.82	135.25
Total Liabilities & Equity	1,283	1,283	1,192	1,035	931.76	716.85
Filing Date Shares Outstanding	50	50	50	50	50	50
Total Common Shares Outstanding	50	50	50	50	50	50
Total Debt	157	157	196.6	210.34	220.46	171.01
Net Cash (Debt)	-7.46	-7.46	-54.57	-126.37	-66.64	-31.91
Net Cash Per Share	-0.15	-0.15	-1.09	-2.53	-1.33	-0.64
Book Value Per Share	1.17	1.17	1.95	2.59	2.41	2.27
Tangible Book Value	33.79	33.79	71.52	102.8	104.93	100.86
Tangible Book Value Per Share	0.68	0.68	1.43	2.06	2.10	2.02
Buildings	115.58	115.58	110.28	107.13	83.95	66.49
Machinery	62.94	62.94	57.86	55.99	50.5	44.09
Construction In Progress	2.06	2.06	0.4	0.94	0.31	-

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