STACO Insurance Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Period Ending	Sep '20 Sep 30, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015
Investments in Debt Securities	25.26	80.7	4.47	342.05	422.15	92.94
Investments in Equity & Preferred Securities	96.59	180.19	236.56	293.38	174.86	85.61
Other Investments	327.94	116.22	79.72	87.58	-	-
Total Investments	1,970	1,377	1,841	2,243	2,117	1,659
Cash & Equivalents	143.23	955.13	1,313	1,361	1,920	3,987
Reinsurance Recoverable	1,212	201.49	133.48	772.94	692.59	609.55
Other Receivables	131.9	168.49	101.56	639.8	458.46	333.94
Deferred Policy Acquisition Cost	32.89	76.11	176.69	161.14	249.91	249.33
Property, Plant & Equipment	1,885	146.32	348.52	3,217	3,401	2,933
Goodwill	-	-	-	-	-	12.62
Other Intangible Assets	5.87	6.11	3.17	60.11	69.92	85.38
Other Current Assets	93	660.88	748.66	430.61	1,120	762.67
Long-Term Deferred Tax Assets	-	-	-	7.82	-	7.84
Other Long-Term Assets	300	355.77	300	300	300	300
Total Assets	5,773	3,947	4,966	9,194	10,328	10,940
Accounts Payable	-	52.59	52.59	-	-	-
Accrued Expenses	253.01	511.55	242.2	102.09	36.12	18.75
Insurance & Annuity Liabilities	41.41	731.06	810.57	3,735	3,576	159.45
Unpaid Claims	3,054	3,309	2,774	0.76	-	1,790
Unearned Premiums	217.74	511.37	1,510	-	-	1,558
Reinsurance Payable	314.83	226.22	247.66	71.24	-	-
Current Portion of Long-Term Debt	-	-	-	141.07	212.44	193.12
Current Portion of Leases	-	47.38	22.1	-	-	-
Short-Term Debt	916.05	20.61	86.88	-	-	73.03
Current Income Taxes Payable	109.61	240.46	216.02	108.64	86.75	66.77
Long-Term Debt	3,985	5,340	5,004	4,304	3,088	1,931
Long-Term Leases	22.1	-	-	15.75	56.7	56.68
Long-Term Deferred Tax Liabilities	98.05	103.07	101.17	98.05	101.89	102.62
Other Current Liabilities	829.16	149.71	365.4	-	-	22.71
Other Long-Term Liabilities	0	0	-	-	-	1,475
Total Liabilities	9,841	11,250	11,441	8,582	7,164	7,449
Common Stock	4,671	4,671	4,671	4,671	4,671	3,071
Additional Paid-In Capital	434.16	434.16	434.16	434.16	434.16	434.16
Retained Earnings	-10,914	-12,406	-11,464	-6,420	-3,708	-1,082
Comprehensive Income & Other	1,742	-358.54	-282.97	1,759	1,657	1,035
Total Common Equity	-4,067	-7,660	-6,643	443.65	3,053	3,458
Minority Interest	-	357.65	167.61	168.07	111.13	32.77
Shareholders' Equity	-4,067	-7,303	-6,475	611.72	3,164	3,491
Total Liabilities & Equity	5,773	3,947	4,966	9,194	10,328	10,940
Filing Date Shares Outstanding	9,341	9,341	9,341	9,341	9,341	6,141
Total Common Shares Outstanding	9,341	9,341	9,341	9,341	9,341	6,141
Total Debt	4,923	5,408	5,113	4,461	3,357	2,254
Net Cash (Debt)	-4,780	-4,452	-3,800	-3,100	-1,437	1,733
Net Cash Growth	-	-	-	-	-	-10.62%
Net Cash Per Share	-0.52	-0.48	-0.41	-0.33	-0.15	0.33
Book Value Per Share	-0.44	-0.82	-0.71	0.05	0.33	0.56
Tangible Book Value	-4,073	-7,666	-6,646	383.54	2,983	3,360
Tangible Book Value Per Share	-0.44	-0.82	-0.71	0.04	0.32	0.55
Land	1,954	-	-	500	500	1,879
Buildings	-	-	289.9	1,721	1,721	-
Machinery	1,631	1,708	1,734	2,919	2,829	2,663
Construction In Progress	-	-	-	4.23	4.23	4.23

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