Trustco Group Holdings Ltd 2022 Integrated Report
The report highlights Trustco Group Holdings Limited's transition to reporting as an investment entity under IFRS 10 for the fiscal year 2022. The group reported a net profit of NAD 1,437 million, largely driven by a gain on the deemed disposal of subsidiaries of NAD 3,360 million, which offset a fair value loss on investments of NAD 1,713 million. Key developments included the restructuring of its investment portfolios into Financial Services and Resources, and progress toward a USD 75 million debt and equity investment into Meya Mining. Additionally, the report details the restatement of prior period financial statements following JSE proactive monitoring.
Company: Trustco Group Holdings Ltd
Sector: Finance & insurance
Country: Namibia
Year: 2022
Type: Integrated Report
Pages: 130
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Trustco Group Holdings Ltd
Integrated Annual Report And Audited Financial Statements
The report highlights Trustco Group Holdings Limited's transition to reporting as an investment entity under IFRS 10 for the fiscal year 2022. The group reported a net profit of NAD 1,437 million, largely driven by a gain on the deemed disposal of subsidiaries of NAD 3,360 million, which offset a fair value loss on investments of NAD 1,713 million. Key developments included the restructuring of its investment portfolios into Financial Services and Resources, and progress toward a USD 75 million debt and equity investment into Meya Mining. Additionally, the report details the restatement of prior period financial statements following JSE proactive monitoring.
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Document Details
Report Year
2022
Reporting Period
Sep 1, 2021 - Aug 31, 2022
Fiscal Year
2022
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
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Employees