Sterling Assurance

ASSETS	NOTES	2022 N'000	2021 N'000
Cash and Cash Equivalents	6	1,109,907	737,626
Financial Assets	7	1,843,660	1,661,626
Trade Receivables	8	223,559	275,537
Reinsurance Assets	9	1,173,088	1,368,146
Deferred Acquisition Cost	10	200,540	443,369
Other Receivables and Prepayments	11	271,590	235,553
Investment Properties	12	1,430,000	1,430,000
Property, Plant and Equipment	13	880,529	724,595
Statutory Deposit	14	300,150	300,150
Total Assets		7,433,024	7,176,602
LIABILITIES
Insurance Contract Liabilities	15	989,529	1,135,636
Trade Payables	16	98,622	31,163
Provisions and Other Payables	17	102,777	210,732
Retirement Benefit Obligations	18.2	226,790	227,048
Current Income Tax Liabilities	19.2	89,660	79,414
Deferred Tax Liabilit ies	19.3	89,784	86,738
Total Liabilities		1,597,162	1,770,731

Net Assets		5,835,862	5,405,871
EQUITY
Paid-up Share Capital	20	4,064,789	4,064,351
Share Premium	20	70,393	70,393
Statutory Contigcncy Reserve	21	1,598,581	1,450,684
Retained Earnings	22	(121,487)	(416,068)
Other Reserves	23.1	(59,623)	(47,093)
Fair- value Reserves	23.2	25,267	25,663
Revaluation Reserve	23.3	257,941	257,941
Total Equity		5,835,862	5,405,871

Total Liabilities and Equity		7,433,024	7,176,602