ASO Savings and Loans Plc (NGX: ASOSAVINGS)

ASO Savings and Loans Income Statement

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

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	1,159	1,118	998.8	830.86	2,163
Total Interest Expense	1,270	437.03	2,209	2,667	2,419
Net Interest Income	-111.07	681.35	-1,210	-1,836	-255.94
Commissions and Fees	5.02	21.61	13.27	20.87	24.12
Other Revenue	2,659	491.62	-	-	-
Revenue Before Loan Losses	2,553	1,195	-1,197	-1,815	-231.82
Provision for Loan Losses	402.17	74.19	-3,088	1,956	1,996
Revenue	2,151	1,120	1,892	-3,771	-2,228
Revenue Growth (YoY)	92.00%	-40.77%	-	-	-
Salaries & Employee Benefits	-	937.71	1,046	1,156	1,533
Cost of Services Provided	2,088	275.76	202.83	198.07	200.67
Other Operating Expenses	-	575.48	627.89	1,489	-251.44
Total Operating Expenses	2,088	1,819	1,904	2,873	1,552
Operating Income	63.2	-698.71	-12.63	-6,644	-3,779
EBT Excluding Unusual Items	63.2	-698.71	-12.63	-6,644	-3,779
Pretax Income	63.2	104.45	18.86	-5,972	-3,453
Income Tax Expense	-	19.39	1.08	3.99	10.14
Net Income	63.2	85.07	17.79	-5,976	-3,464
Net Income to Common	63.2	85.07	17.79	-5,976	-3,464
Net Income Growth	-25.70%	378.27%	-	-	-
Shares Outstanding (Basic)	-	14,742	14,742	-	-
Shares Outstanding (Diluted)	-	14,742	14,742	-	-
EPS (Basic)	-	0.01	0.00	-	-
EPS (Diluted)	-	0.01	0.00	-	-
EPS Growth	-	378.44%	-	-	-
Free Cash Flow	-	-2,374	5,433	-7,454	858.66
Free Cash Flow Per Share	-	-0.16	0.37	-	-
Operating Margin	2.94%	-62.36%	-0.67%	-	-
Profit Margin	2.94%	7.59%	0.94%	-	-
Free Cash Flow Margin	-	-211.90%	287.24%	-	-
Effective Tax Rate	-	18.56%	5.70%	-	-

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