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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

CBZ Holdings

CBZ.ZW · Zimbabwe Stock Exchange · Consolidated statements

On this page
Company details
Legal name
CBZ Holdings Limited
Listing
CBZ.ZW on the Zimbabwe Stock Exchange, active · ISIN ZW0009011967 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2023 · published summary of audited statements, final status not established · source

Read with these figures

  • Auditor's report on the full statements, year to 2023-12-31: modified opinion (not a report on this summary). Basis for qualified opinion (opinion on the underlying full statements, not on this summary): the investments in First Mutual Holdings Limited (36.47%) and First Mutual Properties Limited (16.8%) were equity-accounted on unaudited amounts (ZWL339,5 billion carrying amount; ZWL 132,5 billion share of profit; ZWL 23.6 billion share of OCI loss, inflation adjusted); an IPEC Memorandum of Agreement with FMHL's life subsidiary has undetermined effects; the auditors could not obtain sufficient appropriate evidence on the FMHL carrying amount and share of results (PDF pp25-26).
  • Published summary of audited statements not confirmed as final. The published copy is not confirmed as the final version. The FY2023 figures come from it.
Full wording and sources

  • Auditor's report on the full statements, year to 2023-12-31: modified opinion (not a report on this summary)

    Basis for qualified opinion (opinion on the underlying full statements, not on this summary): the investments in First Mutual Holdings Limited (36.47%) and First Mutual Properties Limited (16.8%) were equity-accounted on unaudited amounts (ZWL339,5 billion carrying amount; ZWL 132,5 billion share of profit; ZWL 23.6 billion share of OCI loss, inflation adjusted); an IPEC Memorandum of Agreement with FMHL's life subsidiary has undetermined effects; the auditors could not obtain sufficient appropriate evidence on the FMHL carrying amount and share of results (PDF pp25-26).

    Source: CBZ Holdings — Abridged Audited Inflation Adjusted Financial Results for the year ended 31 December 2023 (dated 2024-04-30)

  • Published summary of audited statements for 2023: final status not established

    Abridged results published by CBZ Holdings Limited; the statement of directors' responsibilities is 'By order of the Board' over dotted signature lines for T. Gumbo (Group CFO) and L. Nyazema (Group CEO), 30 April 2024 (PDF p1). No auditor's report on the summary itself is printed; the publication reprints KPMG's signed and dated report (30 April 2024) on the full inflation adjusted financial statements, with a qualified opinion (PDF pp25-31, page image p31).

    Source: CBZ Holdings — Abridged Audited Inflation Adjusted Financial Results for the year ended 31 December 2023 (dated 2024-04-30)

  • 2023, 2022: figures from a published summary

    These columns come from a summary of the audited statements, not the full audited financial statements. 'The inflation adjusted consolidated financial results should be read in conjunction with the complete set of inflation adjusted consolidated financial statements as at and for the year ended 31 December 2023, which have been audited by KPMG Chartered Accountants (Zimbabwe).' (p2) No auditor's report on the summary is printed. 'AUDITOR'S STATEMENT — CBZ Holdings Limited: The inflation adjusted consolidated financial results should be read in conjunction with the complete set of inflation adjusted consolidated financial statements as at and for the year ended 31 December 2023, which have been audited by KPMG Chartered Accountants (Zimbabwe). A qualified audit opinion has been issued thereon ...' (p2). Reprinted report on the underlying statements: KPMG Chartered Accountants (Zimbabwe), 'Independent Auditors' Report to the shareholders of CBZ Holdings Limited' on the inflation adjusted consolidated and separate financial statements 'set out on pages 13 to 86' (of the full statements, not this publication), reprinted at PDF pp25-31: 'Qualified opinion ... In our opinion, except for the possible effect of the matter described in the Basis for qualified opinion section of our report, the inflation adjusted consolidated and separate financial statements present fairly, in all material respects, the inflation adjusted consolidated and separate financial position of CBZ Holdings Limited as at 31 December 2023 ...' (PDF p25). Basis for qualified opinion: FMHL and FMP (36.47% and 16.8% holdings) were equity-accounted on unaudited amounts (equity-accounted investees ZWL339,5 billion; share of profit ZWL 132,5 billion; share of OCI loss ZWL 23.6 billion, inflation adjusted); FMHL's subsidiary First Mutual Life signed a Memorandum of Agreement with IPEC whose impact is undetermined; the auditors could not obtain sufficient appropriate evidence on the carrying amount of the investment in FMHL at 6 September 2023 and 31 December 2023 or the share of its profit and OCI (PDF pp25-26). Key audit matters: valuation of investment properties and land and buildings; expected credit losses on loans and advances (PDF pp26-29). Signed (handwritten 'KPMG') by Themba Mudidi, Registered Auditor, PAAB 0437, dated '30 April 2024' (day handwritten) (PDF p31, page image). Group inflation adjusted (audited) and historical (unaudited, supplementary) columns: consolidated statements of profit or loss and OCI, financial position (with a restated 31 Dec 2021 column) and changes in equity (p2), cash flows (p3), and selected notes and risk disclosures (pp3-14); CBZ Bank Limited's own abridged results (pp15-22) and segment statements (pp23-24); KPMG's full auditors' report on the group (pp25-31).

    Source: CBZ Holdings — Abridged Audited Inflation Adjusted Financial Results for the year ended 31 December 2023 (dated 2024-04-30)

  • Net interest income

    ZWL 548 billion

    547,764,370 ZWL thousands · p2

    +54.5% vs 2022

    Interest income less interest expense, as printed.

  • Total income

    ZWL 2.37 trillion

    2,373,434,669 ZWL thousands · p2

    +96.7% vs 2022

    The bank's own total of its income lines before credit impairment and operating expenses, under its printed label. What it includes differs between banks; it is not revenue.

  • Profit / (loss) for the year

    ZWL 694 billion

    693,566,928 ZWL thousands · p2

    +330.0% vs 2022

  • Total assets

    ZWL 8.26 trillion

    8,258,316,397 ZWL thousands · p2

    +79.8% vs 2022

  • Customer deposits

    ZWL 5.58 trillion

    5,577,534,357 ZWL thousands · p2

    +70.6% vs 2022

  • Total equity

    ZWL 1.74 trillion

    1,743,733,391 ZWL thousands · p2

    +115.6% vs 2022

Large amounts are rounded for reading (ZWL million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in ZWL thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2023 — published summary of audited statements (summary), final status not established; reported for the year · source
  • FY2022 — published summary of audited statements (summary), final status not established; comparative in the FY2023 filing · source
    • 2023, 2022: figures from a published summary. These columns come from a summary of the audited statements, not the full audited financial statements. 'The inflation adjusted consolidated financial results should be read in conjunction with the complete set of inflation adjusted consolidated financial statements as at and for the year ended 31 December 2023, which have been audited by KPMG Chartered Accountants (Zimbabwe).' (p2) No auditor's report on the summary is printed. 'AUDITOR'S STATEMENT — CBZ Holdings Limited: The inflation adjusted consolidated financial results should be read in conjunction with the complete set of inflation adjusted consolidated financial statements as at and for the year ended 31 December 2023, which have been audited by KPMG Chartered Accountants (Zimbabwe). A qualified audit opinion has been issued thereon ...' (p2). Reprinted report on the underlying statements: KPMG Chartered Accountants (Zimbabwe), 'Independent Auditors' Report to the shareholders of CBZ Holdings Limited' on the inflation adjusted consolidated and separate financial statements 'set out on pages 13 to 86' (of the full statements, not this publication), reprinted at PDF pp25-31: 'Qualified opinion ... In our opinion, except for the possible effect of the matter described in the Basis for qualified opinion section of our report, the inflation adjusted consolidated and separate financial statements present fairly, in all material respects, the inflation adjusted consolidated and separate financial position of CBZ Holdings Limited as at 31 December 2023 ...' (PDF p25). Basis for qualified opinion: FMHL and FMP (36.47% and 16.8% holdings) were equity-accounted on unaudited amounts (equity-accounted investees ZWL339,5 billion; share of profit ZWL 132,5 billion; share of OCI loss ZWL 23.6 billion, inflation adjusted); FMHL's subsidiary First Mutual Life signed a Memorandum of Agreement with IPEC whose impact is undetermined; the auditors could not obtain sufficient appropriate evidence on the carrying amount of the investment in FMHL at 6 September 2023 and 31 December 2023 or the share of its profit and OCI (PDF pp25-26). Key audit matters: valuation of investment properties and land and buildings; expected credit losses on loans and advances (PDF pp26-29). Signed (handwritten 'KPMG') by Themba Mudidi, Registered Auditor, PAAB 0437, dated '30 April 2024' (day handwritten) (PDF p31, page image). Group inflation adjusted (audited) and historical (unaudited, supplementary) columns: consolidated statements of profit or loss and OCI, financial position (with a restated 31 Dec 2021 column) and changes in equity (p2), cash flows (p3), and selected notes and risk disclosures (pp3-14); CBZ Bank Limited's own abridged results (pp15-22) and segment statements (pp23-24); KPMG's full auditors' report on the group (pp25-31).

Income statement

Income statement, ZWL thousands. Columns: FY2023 — published summary of audited statements (final status not established), as reported for the year; FY2022 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2023.
Line (as printed) FY2023Published summary of audited statements (summary)reported for the yearFY2022Published summary of audited statements (summary)comparative in FY2023 filingsource limitations
Interest income 666,566,650 419,112,291
Interest expense (118,802,280) (64,681,474)
Net interest income 547,764,370 354,430,817
Non-interest income 1,858,045,431 859,443,413
Net insurance service result1 (29,965,534) (6,608,424)
Net insurance finance cost (2,409,598) (554,425)
Total income 2,373,434,669 1,206,711,381
Operating expenditure (1,007,380,846) (412,394,127)
Expected credit loss expense on financial assets (262,862,019) (345,035,430)
Operating income2 1,103,191,804 449,281,824
Net change in investment contract liabilities3 (15,015,930) (6,041,707)
Monetary loss4 (340,002,176) (177,422,220)
Share of profit of equity-accounted investees net of tax 133,084,060 –5
Profit before taxation 881,257,758 265,817,897
Taxation (187,690,830) (104,529,946)
Profit after tax for the year 693,566,928 161,287,951
Gains on property revaluation6 269,409,430 44,334,088
Gains on equity instruments at FVOCI7 49,887,940 20,922,834
other comprehensive income8 (67,395,551) (18,423,626)
Other comprehensive income for the year net of tax9 251,901,819 46,833,296
Exchange gains/ (losses) on translation of foreign subsidiary10 (452,367) 1,225,347
equity-accounted investees net of tax11 (23,638,704) –12
Other comprehensive income for the year net of tax13 (24,091,071) 1,225,347
Total comprehensive income for the year 921,377,676 209,346,594
Non-controlling interests14 (61,849) (52,374)
Equity holders of parent15 921,348,368 209,385,003
Non-controlling interests16 29,308 (38,409)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_qwy65sdqhh8d.oci_reclassifiable.
Notes and alternative reported figures (14)
  1. “Net insurance service result”: mapping to a shared definition is uncertain. Printed 'Net insurance service result' (note 4.1), a loss in both years.
  2. “Operating income”: mapping to a shared definition is uncertain. Printed 'Operating income': total income less operating expenditure and expected credit losses, before investment-contract changes, monetary loss and associates.
  3. “Net change in investment contract liabilities” is an issuer-specific line, not mapped to a shared definition: Below operating income.
  4. “Monetary loss” is an issuer-specific line, not mapped to a shared definition: IAS 29 net monetary loss.
  5. “Gains on property revaluation” is an issuer-specific line, not mapped to a shared definition: OCI not reclassified.
  6. “Gains on equity instruments at FVOCI” is an issuer-specific line, not mapped to a shared definition: OCI not reclassified.
  7. “other comprehensive income” is an issuer-specific line, not mapped to a shared definition: Note 6.3; OCI not reclassified.
  8. “Other comprehensive income for the year net of tax” is an issuer-specific line, not mapped to a shared definition: First printed subtotal labelled 'Other comprehensive income for the year net of tax': items that will not be reclassified.
  9. “Exchange gains/ (losses) on translation of foreign subsidiary” is an issuer-specific line, not mapped to a shared definition: Note 28.7; OCI reclassifiable.
  10. “equity-accounted investees net of tax” is an issuer-specific line, not mapped to a shared definition: OCI reclassifiable.
  11. “Other comprehensive income for the year net of tax” is an issuer-specific line, not mapped to a shared definition: Second printed subtotal labelled 'Other comprehensive income for the year net of tax': items that are or may be reclassified.
  12. “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Note 28.5; attribution of profit.
  13. “Equity holders of parent” is an issuer-specific line, not mapped to a shared definition: Attribution of TCI.
  14. “Non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Note 28.5; attribution of TCI.

Balance sheet

Balance sheet, ZWL thousands. Columns: FY2023 — published summary of audited statements (final status not established), as reported for the year; FY2022 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2023.
Line (as printed) FY2023Published summary of audited statements (summary)reported for the yearFY2022Published summary of audited statements (summary)comparative in FY2023 filingsource limitations
Cash and cash equivalents 1,862,786,839 1,264,186,479
Money market assets1 203,411,608 170,389,707
Financial securities 1,256,248,248 238,508,024
Loans and advances to customers 2,072,759,719 846,797,880
Insurance assets 11,633,343 6,860,586
Reinsurance assets 12,435,590 6,816,156
Equity investments2 121,924,725 83,301,256
Equity-accounted investees 339,520,466 –3
Land inventory4 100,079,665 99,958,376
Other assets 1,229,242,396 1,361,902,547
Current tax receivable 29,011,110 802,723
Intangible assets 4,488,301 4,450,467
Property and equipment 506,041,575 218,806,284
Investment properties 395,907,462 137,395,156
Deferred tax assets 112,825,350 152,842,164
TOTAL ASSETS 8,258,316,397 4,593,017,805
Deposits 5,577,534,357 3,269,575,002
Insurance liabilities 47,766,328 19,497,579
Reinsurance liabilities 1,331,564 2,378,690
Other liabilities 551,249,641 272,850,395
Current tax liabilities 5,096,780 6,656,492
Investment contract liabilities 5,510,568 2,219,242
Lease liabilities5 4,204,553 1,257,836
Deferred tax liabilities 321,889,215 209,882,433
Total liabilities (unlabelled subtotal) 6,514,583,006 3,784,317,669
Share capital 4,447,876 4,444,842
Share premium 104,629,161 27,162,229
General reserve6 (23,638,704) –7
Revaluation reserve 316,740,513 110,376,944
Shares awaiting allotment reserve8 –7 17,886,409
Share based payment reserve9 9,414,991 9,414,991
Fair value reserve 91,840,016 46,392,923
Retained earnings 1,236,001,207 588,300,408
Foreign currency translation reserve10 4,237,823 4,690,190
Equity attributable to equity holders of the parent 1,743,672,883 808,668,936
Non-controlling interests 60,508 31,200
TOTAL EQUITY 1,743,733,391 808,700,136
TOTAL LIABILITIES AND EQUITY 8,258,316,397 4,593,017,805
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.equity_attributable_to_owners.
Notes and alternative reported figures (8)
  1. “Money market assets” is an issuer-specific line, not mapped to a shared definition: Note 10.
  2. “Equity investments” is an issuer-specific line, not mapped to a shared definition: Note 16.
  3. “Land inventory” is an issuer-specific line, not mapped to a shared definition: Note 15.
  4. “Lease liabilities” is an issuer-specific line, not mapped to a shared definition: Note 20.1b; unclassified.
  5. “General reserve” is an issuer-specific line, not mapped to a shared definition: Note 28.10.
  6. “Shares awaiting allotment reserve” is an issuer-specific line, not mapped to a shared definition: Note 28.9.
  7. “Share based payment reserve” is an issuer-specific line, not mapped to a shared definition: Note 28.8.
  8. “Foreign currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Note 28.7.

Cash flow

Cash flow, ZWL thousands. Columns: FY2023 — published summary of audited statements (final status not established), as reported for the year; FY2022 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2023.
Line (as printed) FY2023Published summary of audited statements (summary)reported for the yearFY2022Published summary of audited statements (summary)comparative in FY2023 filingsource limitations
Profit before taxation1 881,257,758 265,817,897
Monetary loss2 340,002,176 177,422,220
Depreciation3 33,710,702 12,802,735
Amortisation of intangible assets4 2,845,597 1,934,335
Write off of intangible assets5 26,624 –6
Write off of equity investments7 –6 10
Fair value adjustments on investment properties8 (249,595,568) (44,923,102)
Write off of right of use asset and lease liability9 (1,385) –6
Fair value adjustments on financial instruments10 (24,711,019) 27,997,634
Expected credit loss expense11 262,862,019 345,035,430
Unrealised gain on foreign currency position12 (871,449,606) (533,164,083)
Loss/ (Profit) on disposal of investment properties13 (1,463,754) 3,496,506
Changes in insurance and reinsurance assets/ liabilities14 6,037,483 (466,386)
Accrued interest on financial assets15 (18,724,334) (128,836,754)
Profit on sale of property and equipment16 (999,202) (62,682)
Share of profit in associate17 (133,084,060) –6
Write off of property and equipment18 7,799,888 153,907
Interest on lease liability19 315,034 129,725
operating assets and liabilities20 234,828,353 127,337,392
Deposits21 8,954,017,792 4,601,093,589
Loans and advances to customers22 (3,450,290,454) (202,114,563)
Life assurance investment contract liabilities23 13,107,227 1,533,165
Insurance assets24 (6,584,250) (3,174,729)
Reinsurance assets25 (1,961,613) (2,007,239)
Insurance liabilities26 36,247,275 24,135,660
Reinsurance liabilities27 3,108,390 1,730,127
Money market assets28 (250,933,252) (85,440,026)
Financial securities29 (4,568,106,926) (425,364,627)
Land inventory30 (121,288) (1,643,164)
Other assets31 56,969,542 (4,572,316,138)
Other liabilities32 1,520,178,280 1,871,368,408
Changes in operating assets and liabilities (unlabelled subtotal)33 2,305,630,723 1,207,800,463
Corporate tax paid (183,581,434) (94,616,947)
Net cash inflow from operating activities 2,356,877,642 1,240,520,908
Proceeds on disposal of investment property34 5,000,253 6,493,249
Investment in equities during the year35 (33,401,432) (7,542,709)
Equity investments disposed during the year36 34,124,152 6,733,042
Investments in associates37 (53,794,442) –38
Purchase of investment property39 (16,084,714) (540,571)
Proceeds on disposal of property and equipment 1,087,333 88,092
Purchase of property and equipment (50,937,573) (36,248,670)
Purchase of intangible assets (2,910,055) (1,360,777)
Net cash outflow from investing activities (116,916,478) (32,378,344)
Proceeds from issue of shares40 16,311,869 17,886,409
Lease liability principal repayment (3,280,956) (728,616)
Interest on lease liability paid41 (315,034) (129,725)
Dividend paid (45,927,978) (6,086,249)
Net cash inflow/ (outflow) from financing activities (33,212,099) 10,941,819
Net increase in cash and cash equivalents 2,206,749,065 1,219,084,383
Cash and cash equivalents at beginning of the year 1,264,186,479 653,538,144
Exchange gains on foreign cash balances 321,991,315 187,461,725
Inflation effects on cash and cash equivalents42 (1,930,140,020) (795,897,773)
Cash and cash equivalents at the end of the year 1,862,786,839 1,264,186,479
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.native.co_qwy65sdqhh8d.cf_before_wc.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (40)
  1. “Profit before taxation” is an issuer-specific line, not mapped to a shared definition: Starting line of the operating cash flow.
  2. “Monetary loss” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  3. “Depreciation” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  4. “Amortisation of intangible assets” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  5. “Write off of intangible assets” is an issuer-specific line, not mapped to a shared definition: Non-cash item; 2022 printed '-'.
  6. “Write off of equity investments” is an issuer-specific line, not mapped to a shared definition: Non-cash item; 2023 printed '-'.
  7. “Fair value adjustments on investment properties” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  8. “Write off of right of use asset and lease liability” is an issuer-specific line, not mapped to a shared definition: Non-cash item; 2022 printed '-'.
  9. “Fair value adjustments on financial instruments” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  10. “Expected credit loss expense” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  11. “Unrealised gain on foreign currency position” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  12. “Loss/ (Profit) on disposal of investment properties” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  13. “Changes in insurance and reinsurance assets/ liabilities” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  14. “Accrued interest on financial assets” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  15. “Profit on sale of property and equipment” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  16. “Share of profit in associate” is an issuer-specific line, not mapped to a shared definition: Non-cash item; 2022 printed '-'.
  17. “Write off of property and equipment” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  18. “Interest on lease liability” is an issuer-specific line, not mapped to a shared definition: Non-cash item.
  19. “operating assets and liabilities” is an issuer-specific line, not mapped to a shared definition: Operating subtotal.
  20. “Deposits” is an issuer-specific line, not mapped to a shared definition: Changes in operating assets and liabilities.
  21. “Loans and advances to customers” is an issuer-specific line, not mapped to a shared definition: Changes in operating assets and liabilities.
  22. “Life assurance investment contract liabilities” is an issuer-specific line, not mapped to a shared definition: Changes in operating assets and liabilities.
  23. “Insurance assets” is an issuer-specific line, not mapped to a shared definition: Changes in operating assets and liabilities.
  24. “Reinsurance assets” is an issuer-specific line, not mapped to a shared definition: Changes in operating assets and liabilities.
  25. “Insurance liabilities” is an issuer-specific line, not mapped to a shared definition: Changes in operating assets and liabilities.
  26. “Reinsurance liabilities” is an issuer-specific line, not mapped to a shared definition: Changes in operating assets and liabilities.
  27. “Money market assets” is an issuer-specific line, not mapped to a shared definition: Changes in operating assets and liabilities.
  28. “Financial securities” is an issuer-specific line, not mapped to a shared definition: Changes in operating assets and liabilities.
  29. “Land inventory” is an issuer-specific line, not mapped to a shared definition: Changes in operating assets and liabilities.
  30. “Other assets” is an issuer-specific line, not mapped to a shared definition: Changes in operating assets and liabilities.
  31. “Other liabilities” is an issuer-specific line, not mapped to a shared definition: Changes in operating assets and liabilities.
  32. “Changes in operating assets and liabilities (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the changes in operating assets and liabilities.
  33. “Proceeds on disposal of investment property” is an issuer-specific line, not mapped to a shared definition: Investing.
  34. “Investment in equities during the year” is an issuer-specific line, not mapped to a shared definition: Investing.
  35. “Equity investments disposed during the year” is an issuer-specific line, not mapped to a shared definition: Investing.
  36. “Investments in associates” is an issuer-specific line, not mapped to a shared definition: Investing; 2022 printed '-'.
  37. “Purchase of investment property” is an issuer-specific line, not mapped to a shared definition: Investing.
  38. “Proceeds from issue of shares” is an issuer-specific line, not mapped to a shared definition: Financing.
  39. “Interest on lease liability paid” is an issuer-specific line, not mapped to a shared definition: Financing.
  40. “Inflation effects on cash and cash equivalents” is an issuer-specific line, not mapped to a shared definition: IAS 29 effect, printed after the opening balance.

Per share and shares

Per share and shares. Columns: FY2023 — published summary of audited statements (final status not established), as reported for the year; FY2022 — published summary of audited statements (final status not established), comparative reported in the published summary of audited statements for 2023.
Line (as printed) FY2023Published summary of audited statements (summary)reported for the yearFY2022Published summary of audited statements (summary)comparative in FY2023 filingsource limitations
Profit / (loss) attributable to shareholders (ZWL thousands)1 693,628,777 161,340,325
Notes and alternative reported figures (1)
  1. Profit / (loss) attributable to shareholders: printed as “Equity holders of parent”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2023 Dividends paid (cash flow statement) Dividend paid (45,927,978) ZWL thousands Summary statements, p3
31 Dec 2022 Dividends paid (cash flow statement) Dividend paid (6,086,249) ZWL thousands Summary statements, p3

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • CBZ Holdings — Abridged Audited Inflation Adjusted Financial Results for the year ended 31 December 2023

    Year ended 31 December 2023 · Published summary of audited statements (summary) · final status not established

    Audit: KPMG Chartered Accountants (Zimbabwe) (named); no auditor's opinion on the full statements in this document

    Final status: Abridged results published by CBZ Holdings Limited; the statement of directors' responsibilities is 'By order of the Board' over dotted signature lines for T. Gumbo (Group CFO) and L. Nyazema (Group CEO), 30 April 2024 (PDF p1). No auditor's report on the summary itself is printed; the publication reprints KPMG's signed and dated report (30 April 2024) on the full inflation adjusted financial statements, with a qualified opinion (PDF pp25-31, page image p31).

    Document date
    30 Apr 2024
    Auditor's report
    date not recorded
    Board approval
    date not recorded
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023, FY2022
    Basis
    consolidated statements · ZWL thousands (printed “ZWL$ 000”)
    • Basis for qualified opinion (opinion on the underlying full statements, not on this summary): the investments in First Mutual Holdings Limited (36.47%) and First Mutual Properties Limited (16.8%) were equity-accounted on unaudited amounts (ZWL339,5 billion carrying amount; ZWL 132,5 billion share of profit; ZWL 23.6 billion share of OCI loss, inflation adjusted); an IPEC Memorandum of Agreement with FMHL's life subsidiary has undetermined effects; the auditors could not obtain sufficient appropriate evidence on the FMHL carrying amount and share of results (PDF pp25-26).
    • Historical (unaudited) amounts are shown as supplementary information; they do not comply with IAS 29 and the auditors have not expressed an opinion on them (p2). Comparatives are 'Restated due to the application of IFRS 17 and IAS 29' (p2).
    • Two OCI subtotals are both printed 'Other comprehensive income for the year net of tax' (items not reclassified 251 901 819; items that may be reclassified (24 091 071)); no total OCI line is printed (p2).
    • Earnings per share is printed in ZWL$ cents (basic 125 351.10; 2022: 30 907.15; diluted printed identically; headline 92 124.51) (p2); not transcribed because the tooling has no ZWL minor unit (controller decision).
    • No auditor's report on the summary is printed. 'AUDITOR'S STATEMENT — CBZ Holdings Limited: The inflation adjusted consolidated financial results should be read in conjunction with the complete set of inflation adjusted consolidated financial statements as at and for the year ended 31 December 2023, which have been audited by KPMG Chartered Accountants (Zimbabwe). A qualified audit opinion has been issued thereon ...' (p2). Reprinted report on the underlying statements: KPMG Chartered Accountants (Zimbabwe), 'Independent Auditors' Report to the shareholders of CBZ Holdings Limited' on the inflation adjusted consolidated and separate financial statements 'set out on pages 13 to 86' (of the full statements, not this publication), reprinted at PDF pp25-31: 'Qualified opinion ... In our opinion, except for the possible effect of the matter described in the Basis for qualified opinion section of our report, the inflation adjusted consolidated and separate financial statements present fairly, in all material respects, the inflation adjusted consolidated and separate financial position of CBZ Holdings Limited as at 31 December 2023 ...' (PDF p25). Basis for qualified opinion: FMHL and FMP (36.47% and 16.8% holdings) were equity-accounted on unaudited amounts (equity-accounted investees ZWL339,5 billion; share of profit ZWL 132,5 billion; share of OCI loss ZWL 23.6 billion, inflation adjusted); FMHL's subsidiary First Mutual Life signed a Memorandum of Agreement with IPEC whose impact is undetermined; the auditors could not obtain sufficient appropriate evidence on the carrying amount of the investment in FMHL at 6 September 2023 and 31 December 2023 or the share of its profit and OCI (PDF pp25-26). Key audit matters: valuation of investment properties and land and buildings; expected credit losses on loans and advances (PDF pp26-29). Signed (handwritten 'KPMG') by Themba Mudidi, Registered Auditor, PAAB 0437, dated '30 April 2024' (day handwritten) (PDF p31, page image).
    • Group inflation adjusted (audited) and historical (unaudited, supplementary) columns: consolidated statements of profit or loss and OCI, financial position (with a restated 31 Dec 2021 column) and changes in equity (p2), cash flows (p3), and selected notes and risk disclosures (pp3-14); CBZ Bank Limited's own abridged results (pp15-22) and segment statements (pp23-24); KPMG's full auditors' report on the group (pp25-31).
    Technical details
    File
    31 pages, with a text layer
    SHA-256
    302ad609681f4cb15a201fa2b86392ae1c53f6b9589cb6430229dd343bc1467d
    Entity as printed
    CBZ Holdings Limited (the CBZH Group)
    Exchange copy
    retrieved 2026-10-08T20:45:50Z

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