Veritas Kapital Assurance Plc (NGX:VERITASKAP)

Veritas Kapital Assurance Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-4,946	-1,009	2,575	540.61	505.3	940.65
Depreciation & Amortization	237.23	256.5	205.06	208.97	448.32	147.16
Other Amortization	140.37	104.75	69.98	35.86	31.89	29.61
Other Operating Activities	9,661	9,530	2,055	-3,267	-1,246	-1,412
Operating Cash Flow	5,092	8,882	4,905	-2,481	-260.79	-295.05
Operating Cash Flow Growth	-37.23%	81.08%	-	-	-	-
Capital Expenditures	-455.21	-462.81	-157.27	-225.54	-255.1	-202.37
Sale of Property, Plant & Equipment	25.05	17.04	424.31	284.39	10.35	1.46
Purchase / Sale of Intangible Assets	-235.35	-234.52	-424.61	-1.68	-81.93	-6.94
Investment in Securities	-1,194	-2,702	-2,298	-2,199	166.79	-1,291
Other Investing Activities	5,458	4,623	1,980	1,938	1,919	1,567
Investing Cash Flow	3,599	1,241	-429.85	-204.65	1,911	173.59
Issuance of Common Stock	-	-	-	1,050	-	-
Common Dividends Paid	-249.01	-249.01	-181.02	-	-	-
Other Financing Activities	-105.28	-105.28	-75.42	-18.42	-0.28	-0.28
Financing Cash Flow	-354.29	-354.29	-256.44	1,032	-0.28	-0.28
Foreign Exchange Rate Adjustments	-5,065	-5,087	-2,056	168.4	-	-
Miscellaneous Cash Flow Adjustments	-0	-0	0	-0	-	-
Net Cash Flow	3,271	4,682	2,162	-1,486	1,650	-121.73
Free Cash Flow	4,637	8,419	4,748	-2,707	-515.9	-497.42
Free Cash Flow Growth	-41.54%	77.33%	-	-	-	-
Free Cash Flow Margin	42.16%	65.96%	59.89%	-48.00%	-10.13%	-10.57%
Free Cash Flow Per Share	0.33	0.61	0.34	-0.20	-0.04	-
Cash Income Tax Paid	-	131.76	145.85	31.83	69.77	23.4
Levered Free Cash Flow	5,284	4,104	1,148	-1,123	1,310	3,271
Unlevered Free Cash Flow	5,284	4,104	1,148	-1,122	1,310	3,271
Change in Net Working Capital	-9,424	-7,969	-1,825	1,522	-972.97	-2,797

Updated Jan 28, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.