SHL HOLDINGS LTD. SHL Holdings Ltd.
(Formerly Syncora Holdings Ltd.) Liquidation Basis Financial Statements
(Unaudited)
As of December 31, 2021 and for the Twelve Months Then Ended
(U.S. dollars in thousands)
Liquidation Basis Statement of Net Assets
Cash and cash equivalents | $ | 15,202 |
Estimated liquidation value of assets | 11,273 | |
Estimated disposal costs | (221) | |
Accrued estimated liquidation costs | (4,739) | |
Net assets in liquidation as of December 31, 2021 | $ | 21,515 |
Net assets allocated for payment of cash dividend on March 15, 2022 | $ | 13,929 |
Unallocated net assets | $ | 7,586 |
Liquidation Basis Statement of Changes in Net Assets | ||
Net assets in liquidation, January 1, 2021 | $ | 22,679 |
Cash distribution to common shareholders on November 15, 2021 | (2,612) | |
Remeasurement of assets and liabilities | 1,448 | |
Net assets in liquidation as of December 31, 2021 | $ | 21,515 |
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Syncora Holdings Ltd. published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 20:24:27 UTC.
