CUSTODIAN INVESTMENT PLC CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2021
Custodian Investment Plc Financial Reports 31December 2021
Financial Statements
Executive summary / financial highlights
Asset and liability highlight | ||||
Group | Group | Company | Company | |
In thousands of naira | 31-Dec-21 | 31-Dec-20 | 31-Dec-21 | 31-Dec-20 |
Cash and cash equivalents | 17,176,184 | 13,743,138 | 601,326 | 1,654,286 |
Financial assets | 113,959,758 | 112,826,983 | 5,474,647 | 2,567,836 |
Investment properties | 11,760,655 | 11,063,550 | 7,081,066 | 4,636,980 |
Property, plant and equipment | 4,696,005 | 4,445,995 | 94,548 | 56,776 |
Insurance contract liabilities | 85,036,841 | 89,542,143 | - | - |
Equity attributable to owners of the parent | 55,117,299 | 47,648,911 | 28,540,308 | 25,197,572 |
Total Assets | 184,471,539 | 176,155,912 | 31,080,034 | 27,163,815 |
Income statement highlights | ||||
Group | Group | Company | Company | |
In thousands of naira | 31-Dec-21 | 31-Dec-20 | 31-Dec-21 | 31-Dec-20 |
Gross Revenue | 85,740,334 | 75.062,202 | 6,017,048 | 7,398,301 |
Gross Premium Income | 66,228,179 | 58,142,892 | - | - |
Sales | 825,404 | 1,182,048 | - | - |
Dividend Income | 635,842 | 345,367 | 4,274,082 | 6,277,589 |
Fees and Commission | 5,537,174 | 4,988,348 | - | - |
Other Operating Income | 914,316 | 216,942 | 1,462,779 | 823,598 |
Interest Income | 11,599,419 | 10,186,605 | 280,187 | 297,114 |
Operating Expenses | (52,553,398) | (41,922,019) | - | - |
Reinsurance Expenses | (25,346,914) | (24,250,311) | - | - |
Underwriting Expenses | (6,342,712) | (4,763,372) | - | - |
Net Claims Expenses | (20,178,646) | (14,331,330) | - | - |
Cost of sales | (685,126) | 1,422,994 | - | - |
Changes in Claims / Annuity Reserves | 4,827,955 | (32,798,340) | - | - |
Management Expenses | (9,864,689) | (7,023,275) | (1,304,805) | (816,428) |
Total comprehensive income for the period, net of | 13,009,755 | 6,577,760 | 8,197,394 | |
tax | 9,938,513 | |||
EPS from continuing and discontinued operations - | ||||
Basic & Diluted (in kobo) | 181 | 194 | 112 | 139 |
Net assets per share (in kobo) | 937 | 810 | 485 | 428 |
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Corporate Information
DIRECTORS
Dr. [Mrs.] Omobola Johnson [Chairman] Mr. Wole Oshin [Managing Director]
Mr. Ibrahim Dikko (Retired from the Board in April, 2021) Mr. Richard Asabia
Mr. Ravi Sharma
Mr. Olakunle Ade-Ojo
Mrs. Mimi Ade-Odiachi
Chief (Mrs.) Margaret Giwa (Her appointment was approved by the Board of Directors on April 30, 2021)
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
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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
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.
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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
BRANCH OFFICES
1 | Abeokuta | 12 | Ibadan |
34/36 Totoro Road, | 9 Onireke Residential Layout | ||
Totoro, Abeokuta, | Ibadan, Oyo State. | ||
Ogun State. | Tel: 022-918538 | ||
Tel: 08166904601 | |||
2 | Abuja | 13 | Ikeja |
UAC Complex, Plot 273 Samuel | 8, Obafemi Awolowo Way, | ||
Ademulegun Street, CBD, Abuja. | Alausa, Ikeja, Lagos. | ||
Tel: 09- 2900465 | |||
3 | Akure | 14 | Ikorodu |
2 & 3rd Floor, Right Wing, Bank of Industry | 294, Lagos Road, | ||
(BOI) Building, Alagbaka, Akure, | Ikorodu, 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 | |||
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Custodian Investment plc published this content on 14 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2022 14:33:02 UTC.
