Standard Alliance Insurance Plc (NGX:FTGINSURE)

Kronos Bio Balance Sheet

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

Fiscal Year	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Investments in Debt Securities	393.49	144.83	49.72	41.63	314.68
Investments in Equity & Preferred Securities	159.36	175.29	233.72	258.51	154.05
Policy Loans	66.79	68.09	66.89	73.88	78.62
Other Investments	-	-	-	-	188.63
Total Investments	4,718	5,119	4,549	4,382	4,587
Cash & Equivalents	1,166	1,260	1,346	1,029	485.01
Reinsurance Recoverable	368.24	401.93	522.75	533.01	955.47
Other Receivables	709.9	42.96	106.39	71.36	53.39
Deferred Policy Acquisition Cost	16.78	13.95	54.68	106.44	117.91
Property, Plant & Equipment	137.57	3,941	6,285	6,308	6,257
Other Intangible Assets	-	2.5	5.88	9.26	13.48
Restricted Cash	535	535	535	535	535
Other Current Assets	5.79	5.95	56.03	114.52	12.72
Other Long-Term Assets	-	-	-	0	-
Total Assets	7,657	11,322	13,461	13,088	13,017
Accrued Expenses	373.74	352.49	261.01	189.63	290.58
Insurance & Annuity Liabilities	2,506	2,067	1,956	1,626	1,078
Unpaid Claims	2,238	1,676	2,259	2,084	2,872
Unearned Premiums	115.76	186.27	425.25	986.07	1,109
Reinsurance Payable	36.26	36.26	39.45	172.91	39.64
Current Portion of Long-Term Debt	534.19	512.41	1,370	1,304	1,270
Current Portion of Leases	-	12.56	9.17	26.47	50.49
Short-Term Debt	101.53	201.53	-	-	-
Current Income Taxes Payable	316.82	317.89	317.47	247.5	204.14
Long-Term Debt	1,148	969.71	-	-	-
Long-Term Leases	-	-	4.32	12.31	30.19
Long-Term Deferred Tax Liabilities	61.91	62.45	475.6	543.15	586.66
Other Current Liabilities	420.12	380.95	344.71	294.3	243.36
Other Long-Term Liabilities	1,216	595.77	660.15	368.24	590.68
Total Liabilities	9,069	7,382	8,130	7,865	8,368
Common Stock	6,456	6,456	6,456	6,456	5,997
Additional Paid-In Capital	7,485	7,485	7,485	7,485	7,667
Retained Earnings	-15,405	-13,232	-12,016	-12,039	-12,365
Treasury Stock	-1.15	-1.15	-1.15	-2.85	-2.85
Comprehensive Income & Other	53.6	3,233	3,408	3,325	3,077
Total Common Equity	-1,412	3,940	5,331	5,224	4,373
Minority Interest	-	-	-	-	276.41
Shareholders' Equity	-1,412	3,940	5,331	5,224	4,649
Total Liabilities & Equity	7,657	11,322	13,461	13,088	13,017
Filing Date Shares Outstanding	12,911	12,911	12,911	12,911	11,993
Total Common Shares Outstanding	12,911	12,911	12,911	12,911	11,993
Total Debt	1,784	1,696	1,383	1,343	1,350
Net Cash (Debt)	-618.14	-436.56	-37.09	-313.81	-865.31
Net Cash Per Share	-0.05	-0.03	-0.00	-0.02	-0.07
Book Value Per Share	-0.11	0.31	0.41	0.40	0.36
Tangible Book Value	-1,412	3,938	5,326	5,215	4,359
Tangible Book Value Per Share	-0.11	0.30	0.41	0.40	0.36
Land	-	496.93	2,770	2,650	2,490
Buildings	64.63	3,583	3,583	3,583	3,583
Machinery	1,569	1,569	1,504	1,502	1,520

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.