Custodian Investment Plc (NGX: CUSTODIAN)

Custodian Investment Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	159,763	107,292	50,640	43,526	38,312	39,532
Investments in Equity & Preferred Securities	15,379	10,540	6,062	6,324	6,477	1,356
Policy Loans	130.45	109.28	98.77	90.43	94.95	76.27
Total Investments	288,481	208,333	151,280	130,238	127,905	90,568
Cash & Equivalents	42,869	25,052	22,045	17,173	12,269	9,319
Reinsurance Recoverable	23,185	13,133	8,801	3,338	3,606	3,588
Other Receivables	3,270	4,309	4,472	2,965	4,461	791.38
Deferred Policy Acquisition Cost	-	-	-	784.69	662.83	667.74
Property, Plant & Equipment	14,460	13,900	13,308	4,766	4,526	4,282
Other Intangible Assets	312.93	231.81	239.71	172.49	159.11	222.78
Restricted Cash	-	6.85	-	3.67	1,474	44.04
Other Current Assets	12,599	6,860	9,395	22,732	20,533	7,975
Other Long-Term Assets	3,839	3,191	2,672	2,299	560	560
Total Assets	389,016	275,017	212,212	184,472	176,156	118,018
Accounts Payable	3,977	3,959	3,201	3,026	2,260	-
Accrued Expenses	17,212	9,255	6,777	5,155	3,824	984.07
Insurance & Annuity Liabilities	195,867	144,510	92,429	66,867	88,947	12,542
Unpaid Claims	-	-	10,900	9,755	6,668	8,147
Unearned Premiums	17,356	14,854	16,948	13,814	1,614	45,691
Reinsurance Payable	4,189	1,065	605.1	529.32	506.82	-
Current Portion of Leases	-	-	-	-	-	0.74
Short-Term Debt	1,610	2,147	2,179	2,517	1,143	-
Current Income Taxes Payable	7,068	1,876	3,346	1,942	1,694	2,115
Long-Term Debt	-	-	-	-	4,279	-
Long-Term Deferred Tax Liabilities	7,798	7,057	2,067	2,134	1,659	1,397
Other Current Liabilities	7,498	6,588	5,704	3,014	3,666	1,816
Other Long-Term Liabilities	-	-	-	8,616	-	-
Total Liabilities	265,714	193,551	147,311	120,134	118,650	73,278
Common Stock	2,941	2,941	2,941	2,941	2,941	2,941
Additional Paid-In Capital	6,412	6,412	6,412	6,412	6,412	6,412
Retained Earnings	99,380	59,970	45,030	44,614	37,059	33,448
Comprehensive Income & Other	4,323	2,222	1,108	1,189	1,237	914.51
Total Common Equity	113,056	71,545	55,492	55,157	47,649	43,716
Minority Interest	10,246	9,921	9,409	9,180	9,857	1,023
Shareholders' Equity	123,302	81,466	64,901	64,337	57,506	44,739
Total Liabilities & Equity	389,016	275,017	212,212	184,472	176,156	118,018
Filing Date Shares Outstanding	5,882	5,882	5,882	5,882	5,882	5,882
Total Common Shares Outstanding	5,882	5,882	5,882	5,882	5,882	5,882
Total Debt	1,610	2,147	2,179	2,517	5,423	0.74
Net Cash (Debt)	41,259	22,905	19,866	14,656	6,847	9,318
Net Cash Growth	97.77%	15.30%	35.55%	114.06%	-26.52%	-20.61%
Net Cash Per Share	7.01	3.89	3.38	2.49	1.16	1.58
Book Value Per Share	19.22	12.16	9.43	9.38	8.10	7.43
Tangible Book Value	112,743	71,313	55,252	54,984	47,490	43,493
Tangible Book Value Per Share	19.17	12.12	9.39	9.35	8.07	7.39
Machinery	5,509	4,843	4,358	3,421	2,862	2,363

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