STATEMENT OF CASH FLOWS FOR THE PERIOD ENDING 31 MARCH, 2023 (FORECAST)
31-Mar-2023
31-Mar-2022
CASH FLOWS FROM OPERATING ACTIVITIES
N'000
N'000
N'000
N'000
NET CASH FROM OPERATIONS
12,166,975
10,381,211
COMMISSION RECEIVED
1,890,588
1,709,721
COMMISSION PAID
(2,153,450)
(1,751,454)
CASH PAID TO EMPLOYEES
(1,649,353)
1,174,174
OTHER OPERATING CASH PAYMENTS
(2,044,819)
(1,374,142)
COMPANIES INCOME TAX PAID
NET CASH PROVIDED BY OPERATING ACTIVTIES
8,209,941
10,139,510
CASH FLOWS FROM INVESTING ACTIVITIES
PURCHASE OF PROPERTY, PLANT & EQUIPMENT
(1,375,301)
(1,146,084)
ACQUISITION OF INVESTMENTS
(19,457,983)
(16,214,986)
INVESTMENT INCOME RECEIVED
5,433,284
3,891,759
OTHER INCOME RECEIVED
-
128,001
NET CASH PROVIDED BY INVESTING ACTIVITIES
(15,400,000)
(13,341,310)
CASH FLOWS FROM FINANCING ACTIVITIES
INTEREST PAID
DIVIDEND PAID
NET CASH PROVIDED BY FINANCING ACTIVITIES
-
-
NET INCREASE/DECREASE IN CASH AND CASH
EQUIVALENT
(7,190,059)
(3,201,800)
CASH AND CASH EQUIVALENTS AS AT BEGINNING
22,153,457
17,369,318
CASH AND CASH EQUIVALENTS AT THE END
14,963,398
14,167,518
CERTIFIED BY
WOLE OSHIN
ADEMOLA AJUWON
MANAGING DIRECTOR
CHIEF FINANCIAL OFFICER
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Custodian Investment plc published this content on 10 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2022 15:52:03 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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