Page 95 - Continental Reinsurance 2022 Annual Report

Consolidated and separate statement of financial position 93

as at 31 December 2022

Notes Group Group Company Company
Dec. 2022 Dec. 2021 Dec. 2022 Dec. 2021
=N='000 =N='000 =N='000 =N='000

Assets 11 17,335,926 16,239,808 11,246,049 9,466,791
Cash and cash equivalents
Financial assets 12 407,665 264,732 344,470 175,325

- Loans and other receivables 13 1,073,257 1,189,153 1,053,365 1,168,563
- Available-for-sale investments
- Held to maturity investments 14 36,141,175 24,231,490 17,782,034 11,235,664
Reinsurance receivables
Retrocession assets 15 46,341,505 31,333,426 19,234,086 12,279,107
Deferred acquisition costs
Other receivables and Prepayments 16 26,952,005 16,046,933 5,944,877 6,261,679
Right of use Asset
Tax recoverable 17 10,045,012 7,036,111 4,707,953 3,548,781
Investment in subsidiaries
Investment properties 18 886,700 389,003 2,311,852 2,929,146
Intangible assets
Property, plant and equipment 18b 112,254 156,903 2,569 230
Statutory deposits
Deferred tax assets 18c 307,425 -- -
Total assets
19 - - 6,123,109 6,123,109
Liabilities
Insurance contract liabilities 20 5,201,836 4,925,062 1,849,900 1,826,200
Reinsurance creditors
Other payables and Accruals 21 84,470 121,470 84,470 121,470
Lease liability
Retirement benefit obligations 22 2,922,176 2,874,626 1,699,226 1,752,803
Current income tax payable
Deferred tax liabilities 23 1,000,000 1,000,000 1,000,000 1,000,000
Total liabilities
9 125,606 -- -
Equity
Share capital 148,937,011 105,808,717 73,383,960 57,888,868
Share premium
Contingency reserve 24 83,426,036 54,569,505 34,580,032 25,400,102
Retained earnings
Available-for-sale reserve 25 9,680,733 4,561,180 3,986,886 1,795,850
Foreign currency translation reserve
Equity attributable equity holders of the parent 26 2,863,200 1,323,252 1,718,485 1,605,133
Non-controlling interest
Total equity 26b 162,476 202,580 26,687 22,771

Total liabilities and equity 27 1,115,108 542,746 759,441 384,408

8 808,489 1,317,178 661,720 536,867

9 359,798 62,214 347,243 287,149

98,415,841 62,578,655 42,080,494 30,032,280

28 6,258,602 6,258,602 6,258,602 6,258,602

29 8,204,371 8,204,371 8,204,371 8,204,371

30 9,297,686 8,269,316 8,752,289 7,508,549

31 13,130,941 8,918,338 7,812,692 5,543,725

32.1 269,112 335,718 275,513 341,340

32.2 3,165,625 2,576,824 - -

40,326,338 34,563,169 31,303,466 27,856,587

33 10,194,832 8,666,893 - -

50,521,170 43,230,062 31,303,466 27,856,587

148,937,011 105,808,717 73,383,960 57,888,868

Mr. Paul Oje Kokoricha Mr. Lawrence Nazare Jane Mberia
Non Executive Director Managing Director/CEO Chief Finance Officer
FRC:2015/ICAN/00000013047 FRC/2013/IODN/00000000988 FRC:2020/001/00000021536