Tower Limited (NZE: TWR)

Tower Balance Sheet

Financials in millions NZD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Mar 31, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Investments in Debt Securities	267.9	258.76	258.6	277.44	237.3	233.53
Investments in Equity & Preferred Securities	-	-	-	-	0.57	0.61
Total Investments	267.94	258.8	258.63	277.47	237.9	234.17
Cash & Equivalents	67.01	55.11	84.5	116.13	79.96	60.99
Reinsurance Recoverable	90.22	145.29	19.63	24.21	23.61	19.32
Other Receivables	45.76	264	219.08	190.3	225.32	227.16
Deferred Policy Acquisition Cost	-	39.95	37.82	31.97	34.67	32.53
Property, Plant & Equipment	28.34	29.48	28.74	34.95	17.25	9.1
Goodwill	17.74	17.74	17.74	17.74	17.74	17.74
Other Intangible Assets	79.44	80.78	76.91	70.85	60.1	56.47
Restricted Cash	12.4	8.9	-	-	0.15	1.03
Other Current Assets	5.25	19.11	25.22	3.28	2.66	2.57
Long-Term Deferred Tax Assets	0.88	14.97	23.89	24.45	28.82	30.31
Other Long-Term Assets	-	12.04	12.04	12.04	12.04	12.04
Total Assets	614.99	946.18	804.21	803.39	740.24	703.43
Accounts Payable	-	11.1	14.67	22.91	13.53	12.62
Accrued Expenses	-	50.44	45.75	40.36	38.49	36.13
Insurance & Annuity Liabilities	45.94	-	-	-	-	-
Unpaid Claims	169.3	240.6	124.53	122.34	107.75	124.06
Unearned Premiums	-	272.83	238.12	212.28	203.45	187.86
Reinsurance Payable	-	12.75	3.7	6.34	14.16	22.39
Current Portion of Leases	-	5.48	6.24	6.08	2.72	-
Short-Term Debt	-	-	-	-	-	14.93
Current Income Taxes Payable	0.19	0.2	0.14	0.17	0.82	0.23
Long-Term Leases	30.96	27.14	28.82	33.34	5.97	-
Long-Term Deferred Tax Liabilities	0.1	0.05	8.81	2.78	1.35	0.99
Other Current Liabilities	23.32	18.24	12.27	6.61	7.33	11.16
Other Long-Term Liabilities	11.43	7.09	3.65	0.47	2.63	0.4
Total Liabilities	281.24	645.91	486.69	453.67	398.19	410.78
Common Stock	460.39	460.32	460.19	492.42	492.42	209.99
Retained Earnings	-22.44	-55.95	-41.21	-40	-48.11	71.06
Comprensive Income & Other	-104.2	-104.1	-101.45	-105.39	-104.43	9.81
Total Common Equity	333.75	300.27	317.53	347.04	339.89	290.86
Minority Interest	-	-	-	2.68	2.16	1.8
Shareholders' Equity	333.75	300.27	317.53	349.72	342.05	292.66
Total Liabilities & Equity	614.99	946.18	804.21	803.39	740.24	703.43
Filing Date Shares Outstanding	379.48	379.48	379.48	421.65	421.65	337.32
Total Common Shares Outstanding	379.48	379.48	379.48	421.65	421.65	337.32
Total Debt	30.96	32.62	35.05	39.42	8.7	14.93
Net Cash (Debt)	36.05	22.49	49.45	76.71	71.27	46.06
Net Cash Growth	-29.57%	-54.51%	-35.54%	7.63%	54.73%	-54.64%
Net Cash Per Share	0.10	0.06	0.12	0.18	0.17	0.13
Book Value Per Share	0.88	0.79	0.84	0.82	0.81	0.86
Tangible Book Value	236.56	201.74	222.88	258.45	262.04	216.65
Tangible Book Value Per Share	0.62	0.53	0.59	0.61	0.62	0.64
Land	-	-	-	4.1	4.04	4.08
Machinery	-	11.34	11.73	23.17	25.97	24.05

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