Tower Ltd
NZX:TWR
Income Statement
Income Statement
Tower Ltd
Mar-2003 | Sep-2003 | Mar-2004 | Sep-2004 | Mar-2005 | Sep-2005 | Mar-2006 | Sep-2006 | Mar-2007 | Sep-2007 | Mar-2008 | Sep-2008 | Mar-2009 | Sep-2009 | Mar-2010 | Sep-2010 | Mar-2011 | Sep-2011 | Mar-2012 | Sep-2012 | Mar-2013 | Sep-2013 | Mar-2014 | Sep-2014 | Mar-2015 | Sep-2015 | Mar-2016 | Sep-2016 | Mar-2017 | Sep-2017 | Mar-2018 | Sep-2018 | Mar-2019 | Sep-2019 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Sep-2022 | Mar-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Gross Premiums Earned |
619
|
614
|
620
|
654
|
629
|
354
|
265
|
385
|
398
|
407
|
412
|
417
|
424
|
423
|
416
|
417
|
420
|
269
|
159
|
303
|
312
|
219
|
224
|
241
|
250
|
251
|
253
|
257
|
257
|
260
|
267
|
275
|
284
|
296
|
159
|
315
|
324
|
328
|
347
|
371
|
388
|
|
Revenue |
365
N/A
|
838
+130%
|
1 051
+25%
|
1 047
0%
|
1 034
-1%
|
459
-56%
|
199
-57%
|
472
+137%
|
474
+0%
|
481
+2%
|
446
-7%
|
455
+2%
|
454
0%
|
482
+6%
|
547
+14%
|
564
+3%
|
532
-6%
|
332
-38%
|
240
-28%
|
422
+76%
|
394
-7%
|
234
-41%
|
219
-7%
|
255
+17%
|
264
+4%
|
266
+1%
|
265
0%
|
266
+1%
|
265
0%
|
268
+1%
|
274
+3%
|
282
+3%
|
292
+4%
|
303
+4%
|
316
+4%
|
321
+1%
|
328
+2%
|
0
N/A
|
0
N/A
|
0
N/A
|
403
N/A
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(662)
|
(940)
|
(953)
|
(926)
|
(917)
|
(437)
|
(200)
|
(418)
|
(417)
|
(421)
|
(395)
|
(422)
|
(412)
|
(413)
|
(461)
|
(460)
|
(458)
|
(289)
|
(197)
|
(342)
|
(338)
|
(217)
|
(184)
|
(221)
|
(255)
|
(276)
|
(260)
|
(273)
|
(290)
|
(269)
|
(258)
|
(266)
|
(267)
|
(277)
|
(285)
|
(301)
|
(314)
|
(299)
|
(329)
|
(366)
|
(399)
|
|
Selling, General & Administrative |
(549)
|
(460)
|
(434)
|
(450)
|
(426)
|
(177)
|
(87)
|
(177)
|
(178)
|
(180)
|
(177)
|
(181)
|
(184)
|
(179)
|
(174)
|
(173)
|
(177)
|
(137)
|
(87)
|
(139)
|
(132)
|
(65)
|
(71)
|
(79)
|
(86)
|
(84)
|
(92)
|
(81)
|
(87)
|
(73)
|
(79)
|
(83)
|
(97)
|
(93)
|
(60)
|
(28)
|
(29)
|
(84)
|
(104)
|
(9)
|
(106)
|
|
Depreciation & Amortization |
(134)
|
(149)
|
(18)
|
(7)
|
0
|
0
|
0
|
(1)
|
(2)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
(3)
|
0
|
(4)
|
0
|
(6)
|
0
|
(8)
|
0
|
(7)
|
0
|
(8)
|
0
|
0
|
0
|
(17)
|
(20)
|
0
|
(23)
|
|
Benefits Claims Loss Adjustment |
30
|
(320)
|
(488)
|
(459)
|
(483)
|
(257)
|
(109)
|
(236)
|
(232)
|
(236)
|
(217)
|
(244)
|
(233)
|
(232)
|
(279)
|
(285)
|
(282)
|
(154)
|
(110)
|
(201)
|
(204)
|
(147)
|
(113)
|
(139)
|
(169)
|
(187)
|
(169)
|
(186)
|
(203)
|
(188)
|
(179)
|
(177)
|
(170)
|
(176)
|
(88)
|
(181)
|
(195)
|
(202)
|
(223)
|
(259)
|
(287)
|
|
Other Operating Expenses |
(9)
|
(12)
|
(12)
|
(10)
|
(8)
|
(3)
|
(3)
|
(4)
|
(6)
|
(4)
|
1
|
5
|
7
|
0
|
(7)
|
(2)
|
1
|
1
|
0
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(137)
|
(92)
|
(90)
|
4
|
18
|
(98)
|
18
|
|
Operating Income |
(297)
N/A
|
(102)
+66%
|
98
N/A
|
121
+24%
|
117
-3%
|
23
-81%
|
(1)
N/A
|
54
N/A
|
56
+4%
|
60
+8%
|
51
-15%
|
33
-36%
|
41
+26%
|
69
+67%
|
86
+25%
|
104
+21%
|
74
-29%
|
43
-42%
|
43
+1%
|
80
+86%
|
56
-30%
|
18
-69%
|
35
+98%
|
34
-2%
|
9
-73%
|
(10)
N/A
|
5
N/A
|
(7)
N/A
|
(25)
-271%
|
(2)
+93%
|
16
N/A
|
15
-6%
|
25
+63%
|
26
+5%
|
31
+18%
|
20
-36%
|
14
-29%
|
29
+107%
|
20
-32%
|
13
-35%
|
4
-67%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(33)
|
(31)
|
(23)
|
(16)
|
(18)
|
(15)
|
(6)
|
(15)
|
(18)
|
(6)
|
(7)
|
(8)
|
(8)
|
(8)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(4)
|
(8)
|
(8)
|
(4)
|
(0)
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(0)
|
(20)
|
(20)
|
0
|
0
|
(23)
|
(22)
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
6
|
0
|
4
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
(3)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(330)
N/A
|
(133)
+60%
|
75
N/A
|
105
+40%
|
99
-6%
|
7
-93%
|
(7)
N/A
|
39
N/A
|
39
0%
|
55
+42%
|
44
-20%
|
25
-44%
|
33
+36%
|
61
+81%
|
78
+28%
|
96
+24%
|
66
-31%
|
35
-48%
|
35
+1%
|
72
+105%
|
48
-33%
|
8
-84%
|
27
+257%
|
30
+12%
|
9
-70%
|
(10)
N/A
|
(15)
-51%
|
(26)
-76%
|
(26)
+1%
|
(6)
+77%
|
(10)
-73%
|
(8)
+23%
|
25
N/A
|
26
+5%
|
30
+17%
|
19
-39%
|
13
-29%
|
28
+108%
|
25
-10%
|
12
-52%
|
7
-38%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
60
|
(16)
|
(49)
|
(50)
|
(44)
|
(13)
|
(9)
|
(24)
|
(19)
|
(20)
|
(4)
|
16
|
13
|
(10)
|
(26)
|
(38)
|
(24)
|
(11)
|
(18)
|
(30)
|
(21)
|
(7)
|
(9)
|
(8)
|
(2)
|
2
|
4
|
5
|
5
|
(2)
|
(1)
|
1
|
(8)
|
(9)
|
(11)
|
(7)
|
(6)
|
(9)
|
(7)
|
(4)
|
(5)
|
|
Income from Continuing Operations |
(270)
|
(149)
|
26
|
55
|
56
|
(6)
|
(16)
|
15
|
20
|
35
|
40
|
41
|
47
|
50
|
52
|
58
|
43
|
24
|
17
|
43
|
27
|
0
|
18
|
22
|
7
|
(8)
|
(12)
|
(22)
|
(21)
|
(8)
|
(11)
|
(7)
|
17
|
17
|
20
|
11
|
7
|
18
|
17
|
8
|
2
|
|
Income to Minority Interest |
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
|
Net Income (Common) |
(270)
N/A
|
(149)
+45%
|
26
N/A
|
55
+110%
|
134
+145%
|
119
-11%
|
53
-56%
|
64
+21%
|
245
+286%
|
233
-5%
|
38
-84%
|
40
+6%
|
47
+16%
|
50
+5%
|
51
+3%
|
58
+13%
|
43
-26%
|
33
-22%
|
44
+32%
|
55
+27%
|
76
+38%
|
34
-55%
|
3
-92%
|
23
+700%
|
5
-78%
|
(7)
N/A
|
(11)
-56%
|
(22)
-105%
|
(22)
+4%
|
(8)
+61%
|
(12)
-36%
|
(7)
+41%
|
16
N/A
|
17
+1%
|
19
+17%
|
11
-44%
|
7
-36%
|
19
+169%
|
19
+1%
|
11
-43%
|
(1)
N/A
|
|
EPS (Diluted) |
-1.54
N/A
|
-0.7
+55%
|
0.08
N/A
|
0.13
+63%
|
0.31
+138%
|
0.31
N/A
|
0.13
-58%
|
0.16
+23%
|
1
+525%
|
1.15
+15%
|
0.19
-83%
|
0.2
+5%
|
0.23
+15%
|
0.24
+4%
|
0.19
-21%
|
0.22
+16%
|
0.16
-27%
|
0.12
-25%
|
0.16
+33%
|
0.2
+25%
|
0.35
+75%
|
0.15
-57%
|
0.01
-93%
|
0.09
+800%
|
0.03
-67%
|
-0.04
N/A
|
-0.05
-25%
|
-0.11
-120%
|
-0.1
+9%
|
-0.04
+60%
|
-0.03
+25%
|
-0.02
+33%
|
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.03
-40%
|
0.02
-33%
|
0.05
+150%
|
0.04
-20%
|
0.02
-50%
|
0.01
-50%
|