STACO Insurance Plc (NGX: STACO)

STACO Insurance Balance Sheet

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

Fiscal Year	TTM	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013
Period Ending	Sep 30, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Investments in Debt Securities	10.47	342.05	422.15	92.94	58.75	63.84
Investments in Equity & Preferred Securities	220.73	293.38	174.86	85.61	80.47	-
Other Investments	-	87.58	-	-	-	97.37
Total Investments	1,751	2,243	2,117	1,659	1,619	1,641
Cash & Equivalents	1,745	1,361	1,920	3,987	3,738	2,352
Reinsurance Recoverable	785.44	772.94	692.59	609.55	655.73	829.18
Other Receivables	534.11	639.8	458.46	333.94	224.97	191.32
Deferred Policy Acquisition Cost	241.19	161.14	249.91	249.33	204.34	335.4
Property, Plant & Equipment	3,079	3,217	3,401	2,933	2,611	2,524
Goodwill	-	-	-	12.62	25.23	37.85
Other Intangible Assets	48.96	60.11	69.92	85.38	47.83	57.07
Other Current Assets	389.64	430.61	1,120	762.67	716.26	244.66
Long-Term Deferred Tax Assets	1.74	7.82	-	7.84	7.84	7.84
Other Long-Term Assets	300	300	300	300	300	300
Total Assets	8,876	9,194	10,328	10,940	10,150	8,521
Accounts Payable	-	-	-	-	4.25	3.23
Accrued Expenses	104.76	102.09	36.12	18.75	34.84	12.67
Insurance & Annuity Liabilities	316.29	3,735	3,576	159.45	59.68	51.05
Unpaid Claims	1,871	0.76	-	1,790	1,640	1,823
Unearned Premiums	1,661	-	-	1,558	1,550	1,442
Reinsurance Payable	241	71.24	-	-	-	-
Current Portion of Long-Term Debt	-	141.07	212.44	193.12	472.93	472.93
Short-Term Debt	-	-	-	73.03	8.28	11.38
Current Income Taxes Payable	91.95	108.64	86.75	66.77	58.52	277.83
Long-Term Debt	4,446	4,304	3,088	1,931	1,232	1,193
Long-Term Leases	17.1	15.75	56.7	56.68	86.07	12.13
Long-Term Deferred Tax Liabilities	98.05	98.05	101.89	102.62	85.03	74.87
Other Current Liabilities	-	-	-	22.71	62.26	86
Other Long-Term Liabilities	-0	-	-	1,475	1,475	0
Total Liabilities	8,853	8,582	7,164	7,449	6,770	5,460
Common Stock	4,671	4,671	4,671	3,071	3,071	3,071
Additional Paid-In Capital	434.16	434.16	434.16	434.16	434.16	434.16
Retained Earnings	-7,002	-6,420	-3,708	-1,082	-1,154	-1,367
Comprensive Income & Other	1,715	1,759	1,657	1,035	1,029	936.19
Total Common Equity	-182.43	443.65	3,053	3,458	3,380	3,074
Minority Interest	205.55	168.07	111.13	32.77	0.59	-13.45
Shareholders' Equity	23.12	611.72	3,164	3,491	3,380	3,061
Total Liabilities & Equity	8,876	9,194	10,328	10,940	10,150	8,521
Filing Date Shares Outstanding	9,341	9,341	9,341	6,141	6,141	6,141
Total Common Shares Outstanding	9,341	9,341	9,341	6,141	6,141	6,141
Total Debt	4,463	4,461	3,357	2,254	1,799	1,689
Net Cash (Debt)	-2,718	-3,100	-1,437	1,733	1,939	662.81
Net Cash Growth	-	-	-	-10.62%	192.48%	353.09%
Net Cash Per Share	-0.29	-0.33	-0.15	0.33	0.34	0.11
Book Value Per Share	-0.02	0.05	0.33	0.56	0.55	0.50
Tangible Book Value	-231.39	383.54	2,983	3,360	3,307	2,979
Tangible Book Value Per Share	-0.02	0.04	0.32	0.55	0.54	0.49
Land	2,221	500	500	1,879	1,739	1,616
Buildings	-	1,721	1,721	-	-	-
Machinery	2,956	2,919	2,829	2,663	2,387	2,366
Construction In Progress	4.23	4.23	4.23	4.23	1.23	-

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