On 31 August 2022, Santumas Shareholdings plc published its Annual Report for the financial year ended 30 April 2022.
The company generated investment income of €0.34 million compared to €0.23 million in the previous comparable period reflecting the higher level of dividend income. On the other hand, Santumas Shareholdings recorded a net loss of €0.48 million (FY2020/21: gain of €0.04 million) from its investments and property portfolio reflecting adverse movements in the fair value of assets.
Administrative expenses climbed by 5.8% to €0.15 million largely reflecting higher staff costs and other administrative expenses.
Overall, Santumas Shareholdings reported a pre-tax loss of €0.29 million compared to a pre-tax profit of €0.12 million in the previous financial year. After taking into account a tax charge of €0.09 million, Santumas Shareholdings posted a net loss of €0.38 million.
The Statement of Financial Position as at 30 April 2022, when compared to the corresponding figures as at 30 April 2021, shows that total assets contracted by 2.6% to €11.7 million largely reflecting the drops in the value of financial assets and cash which outweighed the increase in investment properties. Meanwhile, total liabilities increased by 8.4% to €0.80 million. Accordingly, the equity base contracted by 3.3% to €10.8 million (30 April 2021: €11.2 million) which, in turn, translates into a net asset value per share of €1.485.