| SOVEREIGN
TRUST INSURANCE PLC |
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| 31 DECEMBER 2013 |
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| Statement of Financial
Position |
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Dec.2013 |
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Dec.2012 |
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% Change |
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=N='000 |
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=N='000 |
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| Assets |
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| Case and Case equivalents |
1,932,889 |
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1,166,795 |
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65.66% |
| Financial Assets: |
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| *Available for sale investments |
470,192 |
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357,166 |
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31.65% |
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*Fair value through profit & loss |
420,560 |
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333,768 |
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26.00% |
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Held to maturity |
30,000 |
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20,000 |
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50.00% |
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*Loans and receivables |
90,516 |
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206,353 |
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-56.14% |
| Trade
receivables |
98,328 |
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1,149,175 |
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-91.44% |
| Reinsurance assets |
2,652,287 |
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1,322,312 |
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100.58% |
| Deferred Acquisition Costs |
548,295 |
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541,467 |
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1.26% |
| Other receivables and prepayment |
184,957 |
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95,421 |
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93.83% |
| Investment in Associate |
50,255 |
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0 |
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| Investment Properties |
1,222,022 |
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1,053,030 |
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16.05% |
| Property,Plant and Equipment |
548,586 |
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552,747 |
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-0.75% |
| Statutory Deposits |
315,000 |
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315,000 |
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0.00% |
| Intangible Assets |
6,201 |
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0 |
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| Deferred tax assets |
79,207 |
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0 |
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| Total Assets |
8,649,295 |
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7,113,234 |
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21.59% |
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| Liabilities |
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| Insurance Contract Liabilities |
3,472,833 |
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2,239,625 |
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55.06% |
| Debt securities in issue |
1,066,897 |
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1,007,775 |
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5.87% |
| Trade payables |
177,238 |
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250,559 |
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-29.26% |
| Other payable & accruals |
79,657 |
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42,140 |
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89.03% |
| Retirement benefit obligations |
336,442 |
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271,641 |
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23.86% |
| Current tax payable |
32,732 |
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127,506 |
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-74.33% |
| Deferred tax liabilities |
0 |
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35,183 |
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-100.00% |
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| Total Liabilities |
5,165,799 |
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3,974,430 |
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29.98% |
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| Equity |
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| Issued share capital |
3,435,879 |
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3,435,879 |
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0.00% |
| Share Premium |
116,843 |
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116,843 |
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0.00% |
| Contingency Reserve |
1,452,632 |
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1,192,422 |
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21.82% |
| Retained Earnings |
-1,548,875 |
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-1,605,880 |
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-3.55% |
| Available for Sale Reserve |
27,018 |
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-460 |
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-5973.48% |
| Total equity |
3,483,497 |
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3,138,804 |
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10.98% |
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| Total Equity and Liabilities |
8,649,295 |
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7,113,234 |
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21.59% |
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| Source
- NSE Website / Sovereign Trust Insurance Plc |
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Data Not Available
Data Not Available
Data Not Available
Data Not Available
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