STATEMENT OF CASH FLOWS FOR THE PERIOD ENDING 30 SEPTEMBER, 2022 (FORECAST)
30-Sep-2022
30-Sep-2021
CASH FLOWS FROM OPERATING ACTIVITIES
N'000
N'000
N'000
N'000
NET CASH FROM OPERATIONS
32,441,286
31,753,103
COMMISSION RECEIVED
5,129,162
4,544,882
COMMISSION PAID
(6,567,952)
(4,941,827)
CASH PAID TO EMPLOYEES
(3,287,686)
(2,863,092)
OTHER OPERATING CASH PAYMENTS
(5,153,033)
(4,079,707)
COMPANIES INCOME TAX PAID
(604,102)
(337,876)
NET CASH PROVIDED BY OPERATING ACTIVTIES
21,957,675
24,075,483
CASH FLOWS FROM INVESTING ACTIVITIES
PURCHASE OF PROPERTY, PLANT & EQUIPMENT
(595,602)
(541,456)
ACQUISITION OF INVESTMENTS
(62,733,666)
(52,278,055)
INVESTMENT INCOME RECEIVED
11,675,276
5,468,598
OTHER INCOME RECEIVED
384,003
839,077
SALE OF INVESTMENT
24,220,966
23,981,154
NET CASH PROVIDED BY INVESTING ACTIVITIES
(27,049,023)
(22,530,682)
CASH FLOWS FROM FINANCING ACTIVITIES
INTEREST PAID
(81,328)
DIVIDEND PAID
(2,940,933)
(3,235,025)
NET CASH PROVIDED BY FINANCING ACTIVITIES
(3,022,261)
(3,235,025)
NET INCREASE/DECREASE IN CASH AND CASH
EQUIVALENT
(8,113,609)
(1,690,224)
CASH AND CASH EQUIVALENTS AS AT BEGINNING
17,369,318
6,838,501
CASH AND CASH EQUIVALENTS AT THE END
9,255,709
5,148,277
CERTIFIED BY
WOLE OSHIN
ADEMOLA AJUWON
MANAGING DIRECTOR
CHIEF FINANCIAL OFFICER
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Custodian Investment plc published this content on 10 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2022 11:51:06 UTC.
Custodian Investment Plc is a holding company organized mainly around 3 areas of activity:
- sale of insurance products to individuals: car, home, accident, civil liability and damage insurances;
- sale of insurance products to companies: fire insurance, property damage insurance, financial loss insurance, accident insurance, etc.;
- sale of specialized insurance products: marine, aviation, bank cards protection insurances, etc.
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