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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	4,048	2,575	540.61	505.3	940.65	184.6
Depreciation & Amortization	205.06	205.06	208.97	448.32	147.16	178.05
Other Amortization	69.98	69.98	35.86	31.89	29.61	28.55
Other Operating Activities	-2,656	-2,058	-3,267	-1,246	-1,412	-1,385
Operating Cash Flow	1,667	792.38	-2,481	-260.79	-295.05	-993.33
Capital Expenditures	-896.34	-157.27	-225.54	-255.1	-202.37	-284.42
Sale of Property, Plant & Equipment	424.31	424.31	284.39	10.35	1.46	22.7
Purchase / Sale of Intangible Assets	-2.66	-424.61	-1.68	-81.93	-6.94	-23.67
Investment in Securities	-1,062	-2,298	-2,199	166.79	-1,291	-1,087
Other Investing Activities	1,400	1,980	1,938	1,919	1,567	1,533
Investing Cash Flow	-136.59	-429.85	-204.65	1,911	173.59	824.51
Issuance of Common Stock	-	-	1,050	-	-	-
Common Dividends Paid	-	-181.02	-	-	-	-
Other Financing Activities	-	-75.42	-18.42	-0.28	-0.28	-0.28
Financing Cash Flow	-	-256.44	1,032	-0.28	-0.28	-0.28
Foreign Exchange Rate Adjustments	2,056	2,056	168.4	-	-	-
Miscellaneous Cash Flow Adjustments	-0	-	-0	-	-	-8.15
Net Cash Flow	3,587	2,162	-1,486	1,650	-121.73	-177.25
Free Cash Flow	770.66	635.12	-2,707	-515.9	-497.42	-1,278
Free Cash Flow Margin	3.98%	8.01%	-48.00%	-10.13%	-10.57%	-33.40%
Free Cash Flow Per Share	-	0.05	-0.20	-0.04	-	-
Cash Income Tax Paid	145.85	145.85	31.83	69.77	23.4	115.93
Levered Free Cash Flow	166.48	1,140	-1,123	1,310	3,271	-622.64
Unlevered Free Cash Flow	168.35	1,142	-1,122	1,310	3,271	-622.64
Change in Net Working Capital	-2,394	-1,825	1,522	-972.97	-2,797	666.46

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