CUSTODIAN INVESTMENT PLC
CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2022
USTODIAN INVESTMENT PLC
Consolidated Financial Statements
For the year ended 31 December 2022
Financial Statements
Executive summary/financial highlights
Asset and liability highlight | ||||
Group | Group | Company | Company | |
Restated | ||||
In thousands of naira | 31-Dec-22 | 31-Dec-21 | 31-Dec-22 | 31-Dec-21 |
Cash and cash equivalents | 22,044,849 | 17,176,184 | 1,855,128 | 601,326 |
Financial assets | 136,467,520 | 113,959,758 | 3,842,238 | 5,474,647 |
Investment properties | 11,901,485 | 11,760,655 | 7,081,416 | 7,081,066 |
Property, plant and equipment | 13,279,230 | 4,696,005 | 401,425 | 94,548 |
Insurance contract liabilities | 100,079,820 | 85,036,841 | - | - |
Equity attributable to owners of the parent | 63,170,401 | 55,156,865 | 30,559,371 | 28,540,308 |
Total Assets | 213,197,374 | 184,471,539 | 34,014,366 | 31,080,034 |
Income statement highlights | ||||
Group | Group | Company | Company | |
In thousands of naira | 31-Dec-22 | 31-Dec-21 | 31-Dec-22 | 31-Dec-21 |
Gross Revenue | 103,075,430 | 85,740,334 | 7,003,017 | 6,017,048 |
Gross Premium Income | 74,137,451 | 66,228,179 | - | - |
Sales | 5,896,957 | 825,404 | - | - |
Dividend Income | 919,335 | 635,842 | 5,093,706 | 4,274,082 |
Fees and Commission | 6,154,399 | 5,537,174 | - | - |
Other Operating Income | 838,603 | 914,316 | 1,405,559 | 1,462,779 |
Interest Income | 15,128,685 | 11,599,419 | 503,752 | 280,187 |
Operating Expenses | (61,118,296) | (52,553,398) | - | - |
Reinsurance Expenses | (27,268,775) | (25,346,914) | - | - |
Underwriting Expenses | (6,905,352) | (6,342,712) | - | - |
Net Claims Expenses | (22,654,936) | (20,178,646) | - | - |
Cost of sales | (4,289,233) | (685,126) | - | - |
Changes in Claims / Annuity Reserves | (13,386,806) | 4,827,955 | - | - |
Management Expenses | (10,867,152) | (9,864,689) | (1,319,954) | (1,304,805) |
Total comprehensive income for the period, net | ||||
of tax | 11,197,620 | 9,938,513 | 4,959,995 | 6,577,760 |
EPS - Basic & Diluted (in kobo) | 181 | 181 | 84 | 112 |
Net assets per share (in kobo) | 1,236 | 937 | 520 | 485 |
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CUSTODIAN INVESTMENT PLC
Consolidated Financial Statements
For the year ended 31 December 2022
Corporate Information
DIRECTORS
Dr. (Mrs.) Omobola Johnson [Chairman]
Mr. Wole Oshin [Managing Director]
Mr. Richard Asabia
Mr. Ravi Sharma
Mr. Olakunle Ade-Ojo
Mrs. Mimi Ade-Odiachi
Chief (Mrs.) Margaret Giwa
Mr. Adeniyi Falade
SECRETARY
Custodian Trustees Limited
16A, Commercial Avenue
Sabo, Yaba,
Lagos.
Phone: +234 01-2774000-9
REGISTRATION NO
RC No. 171209
REGISTERED OFFICE
Custodian House
16A, Commercial Avenue
Sabo, Yaba,
Lagos.
Phone: +234 01-2774000-9
Email: investors@custodianplc.com.ng
Website: www.custodianplc.com.ng
SUBSIDIARIES
Custodian and Allied Insurance Limited
Custodian Life Assurance Limited
CrusaderSterling Pensions Limited
Custodian Trustees Limited
UPDC Plc.
ASSOCIATE
Interstate Securities Limited
AUDITORS
Deloitte & Touche
Civic Towers, Plot GA1,
Ozumba Mbadiwe Avenue, Victoria Island, Lagos State
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CUSTODIAN INVESTMENT PLC
Consolidated Financial Statements
For the year ended 31 December 2022
REGISTRARS
Meristem Registrars & Probate Services Limited
213, Herbert Macaulay Way,
Yaba,
Lagos.
BANKERS
First Bank of Nigeria Limited
United Bank for Africa Plc
Zenith Bank Plc
Guaranty Trust Bank Plc
First City Monument Bank Plc
CONSULTING ACTUARIES
EY Actuary
10th & 13th Floors, UBA House
57, Marina
Lagos.
BRANCH DIRECTORY
CUSTODIAN INVESTMENT PLC
HEAD OFFICE
Custodian House
16A, Commercial Avenue,
Sabo, Yaba,
Lagos.
Tel: [+234] 1 2707206-7, 2793740, 27937401 0700-CUSTODIAN, [+234] 1 2774000-9 Fax: [+234] 1 2707203
P. O. Box 2101, Lagos.
Email: investors@custodianplc.com.ng
Website: www.custodianplc.com.ng
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CUSTODIAN INVESTMENT PLC
Consolidated Financial Statements
For the year ended 31 December 2022
SUBSIDIARIES' BRANCH OFFICES
1 | Abeokuta | 12 | Ibadan |
34/36 Totoro Road, | 9 Onireke Residential Layout | ||
Totoro, Abeokuta, | Ibadan, | ||
Ogun State. | Oyo State. | ||
Tel: 08166904601 | Tel: 022-918538 | ||
2 | Abuja | 13 | Ikeja |
UAC Complex, Plot 273 Samuel | 8, Obafemi Awolowo Way, | ||
Ademulegun Street, | Alausa, Ikeja, | ||
CBD, Abuja. | Lagos. | ||
Tel: 09- 2900465 | |||
3 | Akure | 14 | Ikorodu |
2 & 3rd Floor, Right Wing, | 294, Lagos Road, | ||
Bank of Industry (BOI) Building, | Ikorodu, | ||
Alagbaka, Akure, | Lagos. | ||
Ondo State. | Tel: 09069149532 | ||
Tel: 07068517931 | |||
4 | Amuwo Odofin | 15 | Ilorin |
Plot 129, Block 10, | 163, Ajase-Ipo Road, Ilorin, | ||
Festac Link Road, | Kwara State, | ||
Amuwo Odofin, Lagos. | |||
Tel: 01-2934178 | |||
5 | Apapa | 16 | Jos |
Atlantic House | 6/7, Boundary Street, | ||
23/27, Wharf Road, | Old Bukuru Park, Jos, | ||
Apapa, Lagos | Plateau State. | ||
6 | Asaba | 17 | Kaduna |
Empire House, 339 Nnebuisi Road, | 3, kanta Road, | ||
Opposite Stadium, | Turaki Ali House, | ||
Asaba, Delta State. | Kaduna State. | ||
7 | Bauchi | 18 | Kano |
Fini Aluminum Premises, | Suite 13, No.15, Bank Road, Kano, | ||
Jolly Nyame Crescent, | Kano State. | ||
Bauchi State | |||
8 | Bayelsa | 19 | Lekki |
Opili Complex, 25B, Osiri Road, | 3rd Floor Left Wing, Gold Crest Plaza, | ||
Opposite Foundation Faith Church, | Ikota First Gate, Lekki-Epe Expressway, | ||
Lagos. | |||
Ekeki, Yenagoa, | Tel: 09095695900 | ||
Bayelsa State. | |||
9 | Benin | 20 | Onitsha |
4th Floor, West Wing, | 16, Awka Road, | ||
34, Akpakpava Road, | Onitsha, | ||
Benin City, Edo State | Anambra State. | ||
Tel: 09032537339 | |||
10 | Calabar | 21 | Osogbo |
2nd Floor, 45, Murtala Muhammed | 37B, Gbogan, Ibadan Road, | ||
Highway | Opposite Fakunle Comprehensive High | ||
Calabar, | School, | ||
Cross River State. | Osogbo, | ||
Tel: 09095263143 | Osun State. | ||
Tel: 08133587587 |
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Custodian Investment plc published this content on 17 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2023 14:42:01 UTC.