Financial Position


ASSETS

NOTES

2020
N000
2019
N000
Cash and Cash Equivalents 6 378,939 655,816
Financial Assets 7 1,746,775 1,697,826
Trade Receivables 8 295,834 4,895
Reinsurance Assets 9 1,468,007 1,500,954
Deferred Acquisition Cost 10 140,139 134,890
Other Receivables and Prepayments 11 336,695 407,389
Investment Properties 12 1,270,000 1,270,000
Property, Plant and Equipment 13 717,350 719,981
Statutory Deposit 14 300,150 300,150
Total Assets   6,653,889 6,691,904
 
LIABILITIES      
Insurance Contract Liabilities 15 1,154,945 1,365,598
Trade Payables 16 56,615 81,720
Provisions & Other payables 17 133,879 105,176
Retirement Benefit Obligations 18.2 206,270 141,800
Current Income Tax Liabilities 19.2 30,003 55,688
Deferred Tax Liabilities 19.3 88,309 92,031
Total Liabilities   1,670,021 1,842,013
Net Assets   4,983,869 4,849,891
       
EQUITY      
Paid-up Share Capital 20 4,064,351 4,064,351
Share Premium 20 70,393 70,393
Statutory Contingency Reserve 21 1,310,374 1,191,902
Retained Earnings 22 (653,128) (732,145)
Other Reserves 23.1 (58,031) (17,442)
Fair-value Reserves 23.2 45,491 68,414
Revaluation Reserve 23.3 204,419 204,419
Total Equity   4,983,869 4,849,891
Total Liabilities and Equity   6,653,889 6,691,904