Page 120 - Continental Reinsurance 2022 Annual Report

118 Notes to the Consolidated and separate financial statement - continued

For the year ended 31 December 2022

33a Condensed results of consolidated entities Continental Continental Continental
Reinsurance Reinsurance Reinsurance
The condensed financial data of the consolidated entities as at 31 December 2022, are as follows:
Limited, Limited, Limited,
Condensed statement of profit or loss and other comprehensive income Douala Kenya Botswana
=N='000 =N='000
Revenue =N='000

Profit before income tax 8,661,570 32,419,552 9,709,980
Income tax
Profit after tax 847,592 2,940,488 505,656
(101,026) (936,233) (135,806)
Condensed statement of financial position 746,566 2,004,255 369,850

Cash and cash equivalents 1,998,270 1,782,755 2,308,852
Financial assets
- - -
-Financial asset designated as fair value 49,656 5,207 8,332
through profit or loss 19,892
- 14,429,116 -
-Loans and other receivables 2,311,033 14,063,442 1,618,992
-Available-for-sale investments 6,837,480 10,026,057 6,427,778
-Held to maturity investments 5,574,178 3,226,995 5,406,893
Reinsurance receivables 126,153 1,580,620
Retrocession assets 529,444 105,964
Deferred acquisition costs 768,911 307,425 7,014
Other receivables and Prepayments 3,721
Right of use of Asset - -
Tax recoverable - 143,738 -
Investment properties 3,351,936 -
Property, plant and equipment 1,062,759 16,453
Statutory deposits
Deferred tax assets - 5,345 120,261
Total assets
22,483,667 44,242,089 17,498,916
Liabilities
Insurance contract liabilities 8,702,232 29,971,885 10,171,886
Reinsurance creditors 3,344,607 1,145,807 1,424,714
Other payables and Accruals 2,569,334 331,395 571,217
Lease liability 132,916 2,873
Retirement benefit obligations - 154,804 57,961
Current income tax payable 142,902 (1) 32,160
Deferred tax liabilities 114,609 - -
Equity 5,238,105
Total liabilities and equity 12,555 12,505,285
7,597,430 44,242,090 17,498,916
Cashflows from operating activities 22,483,669
Cashflows from investing activities
Cashflows from financing activities 64,640 3,741,190 47,798
(60,642) (1,130,788) (541,249)
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalent, beginning of year - - -
Cash and cash equivalent, end of year
3,998 2,610,402 (493,451)
723,826 2,382,849 1,237,401
727,824 4,993,251
743,951