STACO Insurance Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Period Ending	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	87.33	4.47	342.05	422.15	92.94
Investments in Equity & Preferred Securities	93.55	178.61	293.38	174.86	85.61
Other Investments	284.45	291.09	87.58	-	-
Total Investments	1,985	1,994	2,243	2,117	1,659
Cash & Equivalents	154.01	365.03	1,361	1,920	3,987
Reinsurance Recoverable	458.8	463.37	772.94	692.59	609.55
Other Receivables	76.9	66.29	639.8	458.46	333.94
Deferred Policy Acquisition Cost	62.17	176.69	161.14	249.91	249.33
Property, Plant & Equipment	234.04	254.42	3,217	3,401	2,933
Goodwill	-	-	-	-	12.62
Other Intangible Assets	-	-	60.11	69.92	85.38
Other Current Assets	1.08	5.47	430.61	1,120	762.67
Long-Term Deferred Tax Assets	-	-	7.82	-	7.84
Other Long-Term Assets	300	300	300	300	300
Total Assets	3,272	3,625	9,194	10,328	10,940
Accounts Payable	52.59	52.59	-	-	-
Accrued Expenses	88.06	137.5	102.09	36.12	18.75
Insurance & Annuity Liabilities	483.5	477.52	3,735	3,576	159.45
Unpaid Claims	2,866	2,668	0.76	-	1,790
Unearned Premiums	441.77	1,153	-	-	1,558
Reinsurance Payable	226.22	225.55	71.24	-	-
Current Portion of Long-Term Debt	4,414	4,315	141.07	212.44	193.12
Short-Term Debt	616.75	849.63	-	-	73.03
Current Income Taxes Payable	69.61	89.61	108.64	86.75	66.77
Long-Term Debt	-	-	4,304	3,088	1,931
Long-Term Leases	22.1	22.1	15.75	56.7	56.68
Long-Term Deferred Tax Liabilities	98.05	98.05	98.05	101.89	102.62
Other Current Liabilities	472.42	145.33	-	-	22.71
Other Long-Term Liabilities	-0	-	-	-	1,475
Total Liabilities	9,851	10,234	8,582	7,164	7,449
Common Stock	4,671	4,671	4,671	4,671	3,071
Additional Paid-In Capital	434.16	434.16	434.16	434.16	434.16
Retained Earnings	-13,520	-13,550	-6,420	-3,708	-1,082
Comprehensive Income & Other	1,837	1,837	1,759	1,657	1,035
Total Common Equity	-6,579	-6,609	443.65	3,053	3,458
Minority Interest	-	-	168.07	111.13	32.77
Shareholders' Equity	-6,579	-6,609	611.72	3,164	3,491
Total Liabilities & Equity	3,272	3,625	9,194	10,328	10,940
Filing Date Shares Outstanding	9,341	23.83	9,341	9,341	6,141
Total Common Shares Outstanding	9,341	23.83	9,341	9,341	6,141
Total Debt	5,053	5,186	4,461	3,357	2,254
Net Cash (Debt)	-4,899	-4,821	-3,100	-1,437	1,733
Net Cash Growth	-	-	-	-	-10.62%
Net Cash Per Share	-0.52	-53.32	-0.33	-0.15	0.33
Book Value Per Share	-0.70	-277.34	0.05	0.33	0.56
Tangible Book Value	-6,579	-6,609	383.54	2,983	3,360
Tangible Book Value Per Share	-0.70	-277.34	0.04	0.32	0.55
Land	170	170	500	500	1,879
Buildings	-	-	1,721	1,721	-
Machinery	1,642	1,657	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.