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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	150,487	107,292	50,640	43,526	38,312	39,532
Investments in Equity & Preferred Securities	15,280	4,573	3,816	6,324	6,477	1,356
Policy Loans	125.31	109.28	98.77	90.43	94.95	76.27
Other Investments	-	5,968	2,246	-	-	-
Total Investments	265,343	208,333	151,280	130,238	127,905	90,568
Cash & Equivalents	35,511	25,052	22,045	17,173	12,269	9,319
Reinsurance Recoverable	19,286	13,133	8,801	3,338	3,606	3,588
Other Receivables	4,732	4,309	4,472	2,965	4,461	791.38
Deferred Policy Acquisition Cost	-	-	-	784.69	662.83	667.74
Property, Plant & Equipment	14,051	13,900	13,308	4,766	4,526	4,282
Other Intangible Assets	357.05	231.81	239.71	172.49	159.11	222.78
Restricted Cash	-	6.85	-	3.67	1,474	44.04
Other Current Assets	9,863	6,860	9,395	22,732	20,533	7,975
Other Long-Term Assets	3,372	3,191	2,672	2,299	560	560
Total Assets	352,516	275,017	212,212	184,472	176,156	118,018
Accounts Payable	3,949	3,959	3,201	3,026	2,260	-
Accrued Expenses	12,241	9,255	6,777	5,155	3,824	984.07
Insurance & Annuity Liabilities	174,620	144,510	92,429	66,867	88,947	12,542
Unpaid Claims	-	-	10,900	9,755	6,668	8,147
Unearned Premiums	33,544	14,854	16,948	13,814	1,614	45,691
Reinsurance Payable	4,806	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	3,621	1,876	3,346	1,942	1,694	2,115
Long-Term Debt	-	-	-	-	4,279	-
Long-Term Deferred Tax Liabilities	7,232	7,057	2,067	2,134	1,659	1,397
Other Current Liabilities	7,545	6,588	5,704	3,014	3,666	1,816
Other Long-Term Liabilities	-	-	-	8,616	-	-
Total Liabilities	252,507	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	78,318	59,970	45,030	44,614	37,059	33,448
Comprensive Income & Other	2,434	2,222	1,108	1,189	1,237	914.51
Total Common Equity	90,105	71,545	55,492	55,157	47,649	43,716
Minority Interest	9,903	9,921	9,409	9,180	9,857	1,023
Shareholders' Equity	100,009	81,466	64,901	64,337	57,506	44,739
Total Liabilities & Equity	352,516	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)	33,901	22,905	19,866	14,656	6,847	9,318
Net Cash Growth	74.38%	15.30%	35.55%	114.06%	-26.52%	-20.61%
Net Cash Per Share	5.76	3.89	3.38	2.49	1.16	1.58
Book Value Per Share	15.32	12.16	9.43	9.38	8.10	7.43
Tangible Book Value	89,748	71,313	55,252	54,984	47,490	43,493
Tangible Book Value Per Share	15.26	12.12	9.39	9.35	8.07	7.39
Machinery	4,997	4,843	4,358	3,421	2,862	2,363

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