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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) (17 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

Letshego Namibia

LHN · Namibian Stock Exchange · Consolidated statements

On this page
Company details
Legal name
Letshego Holdings (Namibia) Limited
Listing
LHN on the Namibian Stock Exchange, active (observed 2026-10-06)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · audited financial statements, signed / final · source

  • Net interest income

    NAD 724 million

    723,913 NAD thousands · p12

    +31.8% vs 2024

    'Net interest income' (p12).

  • Net insurance result

    NAD 310 million

    310,457 NAD thousands · p12

    +13.3% vs 2024

    'Net insurance result' (p12), the lender's credit-life insurance result.

  • Profit for the year

    NAD 506 million

    505,815 NAD thousands · p12

    +20.8% vs 2024

    'Profit for the year' (p12).

  • Total assets

    NAD 7.18 billion

    7,179,007 NAD thousands · p11

    +0.9% vs 2024

    'Total assets' (p11).

  • Deposits due to customers

    NAD 1.62 billion

    1,620,517 NAD thousands · p11

    +24.5% vs 2024

    'Deposits due to customers' (p11).

  • Total equity

    NAD 2.82 billion

    2,818,460 NAD thousands · p11

    +1.3% vs 2024

    'Total equity' (p11).

Large amounts are rounded for reading (NAD 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 NAD 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

  • FY2025 — audited financial statements, signed / final; reported for the year · source
  • FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source
  • FY2022 — annual report, signed / final; comparative in the FY2023 filing · source

Income statement

Income statement, NAD thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024; FY2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filingFY2022Annual reportcomparative in FY2023 filing
Interest income calculated using the effective interest method 1,106,853 954,227 787,250 667,861
Interest expense calculated using the effective interest method1 (382,940) (404,940) (349,041) (214,435)
Net interest income 723,913 549,287 438,209 453,426
Credit impairment (charge)/recoveries2 (5,065) 12,148 (11,985) (10,433)
Net interest income after impairment3 718,848 561,435 426,224 442,993
Insurance revenue4 428,499 433,603 392,634 390,753
Insurance expense5 (118,042) (159,480) (116,913) (142,321)
Net insurance result6 310,457 274,123 275,721 248,432
Dividend income7 –8 –8 –9 –8
Fee income 30,505 37,390 33,846 46,595
Other income10 46 65 4,297 6,126
Employee benefits11 (146,969) (116,230) (94,672) (84,295)
Other operating expenses (334,974) (291,960) (262,301) (268,334)
Profit before taxation12 577,913 464,823 383,115 391,517
Taxation (72,098) (45,982) (29,770) (41,102)
Profit for the year13 505,815 418,841 353,345 350,415
Other comprehensive income, net of tax –14 –14 –15 –14
Total comprehensive income for the year 505,815 418,841 353,345 350,415
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “–”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  3. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
  4. Printed “–”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (11)
  1. Printed under different labels across filings: “Interest expense”; “Interest expense calculated using the effective interest method”.
  2. Printed under different labels across filings: “Credit impairment (charge)/recoveries”; “Credit impairment charge”.
  3. “Net interest income after impairment” is an issuer-specific line, not mapped to a shared definition: Subtotal: net interest income less the credit impairment charge.
  4. Printed under different labels across filings: “Insurance revenue”; “Insurance revenue1”.
  5. Printed under different labels across filings: “Insurance expense”; “Insurance expense1”.
  6. Printed under different labels across filings: “Net insurance result”; “Net insurance result1”.
  7. “Dividend income” is an issuer-specific line, not mapped to a shared definition: Note 25: company columns only; dashes in the group columns.
  8. Printed under different labels across filings: “Other income”; “Other income1”.
  9. Printed under different labels across filings: “Employee benefits”; “Employee benefits”.
  10. Printed under different labels across filings: “Profit before taxation”; “Profit before taxation”.
  11. Printed under different labels across filings: “Profit for the year”; “Profit for the year”.

Balance sheet

Balance sheet, NAD thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024; FY2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filingFY2022Annual reportcomparative in FY2023 filing
Cash and cash equivalents 986,380 750,565 750,849 320,815
Government and other securities 325,027 601,556 913,074 648,710
Other receivables12 61,180 57,668 56,063 46,922
Net insurance contract assets3 188,133 165,896 143,997 155,987
Intercompany receivable4 130,113 130,401 104,097 –5
Advances to customers 5,438,448 5,385,539 4,740,307 4,752,702
Current taxation –5 –5 67,950 54,191
Investment in subsidiaries6 –5 –5 –7 –5
Property, equipment and right-of-use assets 43,029 22,151 17,858 21,584
Deferred tax assets 6,697 4,169 2,178 6,252
Total assets 7,179,007 7,117,945 6,796,373 6,007,163
Deposits due to customers 1,620,517 1,302,113 827,978 535,687
Trade and other payables8 77,559 88,353 70,327 68,572
Lease liabilities9 14,834 9,885 8,194 8,886
Borrowings 2,619,798 2,899,467 3,115,860 2,524,208
Amounts due to parent company10 17,546 27,517 23,763 76,974
Current taxation 3,295 2,860 –11 –12
Deferred tax liabilities 6,998 6,692 6,717 6,703
Total liabilities 4,360,547 4,336,887 4,052,839 3,221,030
Share capital 100 100 100 100
Retained earnings 1,736,173 1,720,194 1,714,905 1,791,614
Capital reorganisation reserve13 701,024 701,024 701,024 701,024
Statutory credit risk reserve 164,436 142,543 110,341 76,187
Equity settled share based payment reserve14 1,642 2,112 2,079 2,123
Total equity attributable to parent 2,603,375 2,565,973 2,528,449 2,571,048
Non-controlling interest 215,085 215,085 215,085 215,085
Total equity 2,818,460 2,781,058 2,743,534 2,786,133
Total liabilities and equity 7,179,007 7,117,945 6,796,373 6,007,163
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
  2. Printed “–”, read as nil: subtotal_arithmetic: bs.total_assets.
  3. Printed “–”, read as nil: subtotal_arithmetic: bs.total_liabilities.
  4. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (10)
  1. “Other receivables” is an issuer-specific line, not mapped to a shared definition: Note 9.1: other receivables (unclassified balance sheet).
  2. Printed under different labels across filings: “Other receivables”; “Other receivables1”.
  3. Printed under different labels across filings: “Net insurance contract assets”; “Net insurance contract assets1”.
  4. “Intercompany receivable” is an issuer-specific line, not mapped to a shared definition: Note 9.2: amounts receivable from group companies.
  5. “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 28: company columns only; dashes in the group columns.
  6. Printed under different labels across filings: “Trade and other payables”; “Trade and other payables1”.
  7. “Lease liabilities” is an issuer-specific line, not mapped to a shared definition: Note 13: lease liabilities, not split into current and non-current on the face.
  8. “Amounts due to parent company” is an issuer-specific line, not mapped to a shared definition: Note 16.
  9. “Capital reorganisation reserve” is an issuer-specific line, not mapped to a shared definition: Note 27.
  10. “Equity settled share based payment reserve” is an issuer-specific line, not mapped to a shared definition: Note 19.

Cash flow

Cash flow, NAD thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024; FY2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filingFY2022Annual reportcomparative in FY2023 filing
Cash generated from operations (unlabelled subtotal) 98,822 (248,122) 268,313 (394,114)
Interest received1 1,025,307 827,929 672,251 606,386
Interest paid - customer deposits23 (87,310) (71,707) (49,199) (25,370)
Tax (paid)/refund4 (73,886) 18,178 (39,441) (16,500)
Net cash flow from operating activities5 962,933 526,278 851,924 170,402
Purchase of property and equipment (excluding to right-of-use assets) (25,888) (8,973) (3,515) (8,951)
Interest received on loans to related parties6 17,291 18,600 5,603 –7
Interest received - government and other securities89 66,557 91,452 45,546 18,092
Amounts received from intercompany receivable1011 –7 –7 –12 –7
Amounts advanced from intercompany receivable1314 –7 –7 –12 –7
Amounts received from parent company15 –7 74,167 48,417 –7
Amounts advanced to parent company16 –7 (100,000) (150,500) –7
Purchase of investment in securities1718 (265,208) (262,159) (406,015) (164,657)
Redemption of investment in securities (label at the page foot)1920 262,159 322,871 177,807 35,077
Dividend received2122 –7 –7 –12 –7
Net cash generated in investing activities23 54,911 135,958 (282,657) (120,439)
Ordinary share dividend paid (454,500) (381,350) (395,900) (273,600)
Preference share coupon paid24 (13,443) –25 Not reported in this filing26 Not reported in this filing27
Borrowings received 461,000 710,000 631,888 576,185
Borrowings repaid (721,910) (906,403) (41,667) (33,333)
Amounts received from assets held to hedge long-term borrowings28 244,466 238,012 –29 Not reported in this filing30
Interest received on assets held to hedge long-term borrowings3132 9,432 25,071 26,852 24,259
Interest paid - borrowings3334 (289,375) (344,650) (299,057) (188,367)
Interest paid - lease liabilities35 (1,150) (757) (785) (699)
Amounts received from parent company36 –25 3,754 –29 100,249
Repayment of amounts due to parent company37 (9,971) –25 (54,379) (215,003)
Principal element of lease payments (6,578) (6,197) (6,186) (5,887)
Net cash utilised in financing activities38 (782,029) (662,520) (139,234) (16,196)
Net movement in cash and cash equivalents 235,815 (284) 430,034 33,767
At the beginning of the year 750,565 750,849 320,815 287,048
At the end of the year 986,380 750,565 750,849 320,815
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
  4. Printed “–”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (34)
  1. Printed under different labels across filings: “Interest received”; “Interest received 2”.
  2. “Interest paid - customer deposits” is an issuer-specific line, not mapped to a shared definition: Operating activities.
  3. Printed under different labels across filings: “Interest paid - customer deposits”; “Interest paid – customer deposits”.
  4. Printed under different labels across filings: “Net tax paid”; “Tax (paid)/refund”; “Tax refund/(paid)”.
  5. Printed under different labels across filings: “Net cash flow from operating activities”; “Net cash flow generated from /(used in) operating activities”.
  6. “Interest received on loans to related parties” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  7. “Interest received - government and other securities” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  8. Printed under different labels across filings: “Interest received - government and other securities”; “Interest received – government and other securities”.
  9. “Amounts received from intercompany receivable” is an issuer-specific line, not mapped to a shared definition: Investing activities; company columns only.
  10. Printed under different labels across filings: “Amounts received from intercompany receivable”; “Amounts received from intercompany receivable 2”.
  11. “Amounts advanced from intercompany receivable” is an issuer-specific line, not mapped to a shared definition: Investing activities; company columns only.
  12. Printed under different labels across filings: “Amounts advanced from intercompany receivable”; “Amounts advanced from intercompany receivable 2”.
  13. “Amounts received from parent company” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  14. “Amounts advanced to parent company” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  15. “Purchase of investment in securities” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  16. Printed under different labels across filings: “Purchase of investment in securities”; “Purchase of investment in securities 2”.
  17. “Redemption of investment in securities (label at the page foot)” is an issuer-specific line, not mapped to a shared definition: Investing activities; its label sits at the foot of the page in the text layer.
  18. Printed under different labels across filings: “Redemption of investment in securities”; “Redemption of investment in securities (label at the page foot)”; “Redemption of investment in securities 2”.
  19. “Dividend received” is an issuer-specific line, not mapped to a shared definition: Investing activities; company columns only.
  20. Printed under different labels across filings: “Dividend received”; “Dividend received 1”.
  21. Printed under different labels across filings: “Net cash (used)/ inflow in investing activities”; “Net cash generated in investing activities”; “Net cash generated/(utilised) in investing activities”.
  22. “Preference share coupon paid” is an issuer-specific line, not mapped to a shared definition: Financing activities: coupon on irredeemable preference shares (non-controlling interest).
  23. Not reported in this filing: Not printed: the FY2024 statement of cash flows (p101 operating/investing, p102 financing) has no 'Preference share coupon paid' line for 2023 (or 2024); the financing section prints ordinary share dividend paid, borrowings received and repaid, amounts and interest received on hedge assets, interest paid, amounts received from / repaid to parent and lease principal (text layer).
  24. Not reported in this filing: Not printed: the FY2023 statement of cash flows (p102) has no 'Preference share coupon paid' line for 2022 (or 2023); the financing section prints ordinary share dividend paid, borrowings received and repaid, interest received on assets held to hedge long-term borrowings, interest paid, amounts received from / repaid to parent and lease principal (checked on the page image).
  25. “Amounts received from assets held to hedge long-term borrowings” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 33.
  26. Not reported in this filing: Not printed: the FY2023 statement of cash flows (financing activities, p102) has no 'Amounts received from assets held to hedge long-term borrowings' line; the only hedge-asset line is 'Interest received on assets held to hedge long-term borrowings' (26,852 for 2023, 24,259 for 2022) (checked on the page image).
  27. “Interest received on assets held to hedge long-term borrowings” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 33.
  28. Printed under different labels across filings: “Interest received on assets held to hedge long-term borrowings”; “Interest received on assets held to hedge long-term borrowings 2”.
  29. “Interest paid - borrowings”: mapping to a shared definition is uncertain. Printed 'Interest paid - borrowings and amounts due to parent company' (FY2024: 'Interest paid – borrowings').
  30. Printed under different labels across filings: “Interest paid - borrowings”; “Interest paid - borrowings and amounts due to parent company”; “Interest paid – borrowings”.
  31. Printed under different labels across filings: “Interest paid - lease liabilities”; “Interest paid – lease liabilities”.
  32. “Amounts received from parent company” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 33.
  33. “Repayment of amounts due to parent company” is an issuer-specific line, not mapped to a shared definition: Financing activities, note 33.
  34. Printed under different labels across filings: “Net cash generated (used in)/from financing activities”; “Net cash utilised in financing activities”.

Per share and shares

Per share and shares. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024; FY2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filingFY2022Annual reportcomparative in FY2023 filing
Earnings / (loss) per share (per share)5 1.011 0.842 0.713 0.704
  1. Printed as 101 cents; value converted to NAD at 100 cents = 1 NAD.
  2. Printed as 84 cents; value converted to NAD at 100 cents = 1 NAD.
  3. Printed as 71 cents; value converted to NAD at 100 cents = 1 NAD.
  4. Printed as 70 cents; value converted to NAD at 100 cents = 1 NAD.
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic earnings per share (cents)”.

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 2025 Dividends paid (cash flow statement) Ordinary share dividend paid (454,500) NAD thousands Audited financial statements, p14
31 Dec 2024 Dividends paid (cash flow statement) Ordinary share dividend paid (381,350) NAD thousands Audited financial statements, p14
31 Dec 2023 Dividends paid (cash flow statement) Ordinary share dividend paid (395,900) NAD thousands Annual report, p102
31 Dec 2022 Dividends paid (cash flow statement) Ordinary share dividend paid (273,600) NAD thousands Annual report, p102

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.

  • Letshego Holdings (Namibia) Limited Annual Financial Statements for the year ended 31 December 2025

    Year ended 31 December 2025 · Audited financial statements · signed / final

    Audit: Ernst & Young Namibia (Registered Accountants and Auditors), unmodified opinion · signed

    Auditor's sign-off: Ernst & Young Namibia, per Fadzai M. Madzamba, Partner

    Final status: Independent auditor's report of Ernst & Young Namibia to the members of Letshego Holdings (Namibia) Limited (opinion on PDF p4, scanned page) closes on PDF p8 (folio 7, scanned) with a handwritten 'Ernst & Young' firm signature above 'Per: Fadzai M. Madzamba, Partner, Windhoek, Namibia, 30 April 2026' (page image). Directors' responsibility statement (PDF p3, folio 2): the annual financial statements were 'approved by the directors on 25 March 2026' and signed with handwritten signatures by Mansueta-Maria Nakale (Director) and Ester Kali (Chief Executive Officer) (page image). The printed board approval date (25 March 2026) precedes the printed audit report date (30 April 2026); both are recorded as printed.

    Document date
    30 Apr 2026
    Auditor's report
    30 Apr 2026
    Board approval
    25 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · NAD thousands (printed “N$ '000”)
    • In the text layer of p14 the label 'Redemption of investment in securities' is held at the foot of the page, away from its row of figures (262,159; 2024: 322,871); the render prints it on that row, so the row is read as an unlabelled line after 'Purchase of investment in securities'.
    • Income statement of a lender: net interest income, credit impairment, an insurance result (cell-captive credit life insurance, note 6) and fee income, with no revenue or operating-profit line (p12).
    • Interest paid on borrowings and lease liabilities, interest received on assets held to hedge borrowings and the preference share coupon are printed within financing activities; interest received on government securities and on related-party loans within investing activities (p14).
    • Non-controlling interest (215,085) is irredeemable, non-cumulative preference shares that do not share in profit (footnote p13); no profit attribution line is printed.
    • The statement of financial position is unclassified (liquidity order): no current or non-current subtotals are printed (p11). Lines are placed within total assets / total liabilities.
    • EPS printed in cents (basic 101; 2024: 84, p12; fully diluted printed identically); stored in Namibia dollars with the printed figure and unit kept.
    Technical details
    File
    53 pages, with a text layer
    SHA-256
    55fe990b15c319adb5d6f038e0cb924cd222305c89f5e57c438efba04ac9ac54
    Entity as printed
    Letshego Holdings (Namibia) Limited ('the company') and its subsidiaries ('the group')
    Issuer copy
    retrieved 2026-10-08T18:49:50Z

  • Letshego Holdings (Namibia) Limited Integrated Annual Report 2024 — Consolidated annual financial statements for the year ended 31 December 2024

    Year ended 31 December 2024 · Annual report · signed / final

    Audit: Ernst & Young Namibia (Registered Accountants and Auditors), unmodified opinion · signed

    Auditor's sign-off: Ernst & Young Namibia, per Danica van Wyk, Partner

    Final status: Independent auditor's report of Ernst & Young Namibia to the shareholders of Letshego Holdings (Namibia) Limited (scanned pages PDF pp93-95, no text layer) with an unmodified opinion on the consolidated and separate annual financial statements set out on pages 94 to 162 (p93, page image); it closes on p95 with a handwritten 'Ernst & Young' firm signature above 'Ernst & Young Namibia ... Per: Danica van Wyk, Partner, Windhoek, Namibia, 2 June 2025' (page image). Directors' responsibility statement (PDF p92): the statements 'were approved by the directors on 27 March 2025 and signed on their behalf by: Mansueta-Maria Nakale, Director; Ester Kali, Chief Executive Officer', with the printed remark 'Note – signatures are not included for digital security purposes.' The board approval date (27 March 2025) precedes the audit report date (2 June 2025); both recorded as printed.

    Document date
    2 Jun 2025
    Auditor's report
    2 Jun 2025
    Board approval
    27 Mar 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    consolidated statements · NAD thousands (printed “N$'000”)
    • Income statement of a lender: net interest income, credit impairment, an insurance result (note 6) and fee income, with no revenue or operating-profit line (p99). The 2024 'Credit impairment charge' is printed as a positive 12,148 (net recovery).
    • Interest paid on borrowings and lease liabilities and interest received on assets held to hedge borrowings are printed within financing activities; interest received on government securities and on related-party loans within investing activities (pp101-102).
    • Labels 'Employee benefits', 'Profit before taxation' and 'Profit for the year' are held in the text layer with the 'fi' ligature (p99) and are matched as held. The independent auditor's report (PDF pp93-95) is an image-only scan inside the integrated report; its opinion, signature and date were read on the page images.
    • Non-controlling interest (215,085) is irredeemable, non-cumulative preference shares that do not share in profit (footnote p100); no profit attribution line is printed.
    • The statement of financial position is unclassified (liquidity order): no current or non-current subtotals are printed (p98). Lines are placed within total assets / total liabilities.
    Technical details
    File
    168 pages, with a text layer
    SHA-256
    f02dd72336fdef752e1c464eac9e96b00106aac9a0f3b8446d06b9e7ecdf93b7
    Entity as printed
    Letshego Holdings (Namibia) Limited ('the company') and its subsidiaries ('the group')
    Issuer copy
    retrieved 2026-10-08T18:49:56Z

  • Letshego Holdings Namibia Integrated Annual Report 2023 — Consolidated annual financial statements for the year ended 31 December 2023

    Year ended 31 December 2023 · Annual report · signed / final

    Audit: Ernst & Young Namibia (Registered Accountants and Auditors), unmodified opinion · signed

    Auditor's sign-off: Ernst & Young Namibia, per Danica van Wyk, Partner

    Final status: Independent auditor's report of Ernst & Young Namibia to the shareholders of Letshego Holdings (Namibia) Limited (scanned pages PDF pp91-95, no text layer) with an unmodified opinion on the consolidated and separate annual financial statements set out on pages 94 to 163 (p91, page image); it closes on p95 with a handwritten 'Ernst & Young' firm signature above 'Ernst & Young Namibia ... Per: Danica van Wyk, Partner, Windhoek, Namibia, 23 September 2024' (page image). Directors' responsibility statement (PDF p90): approved by the directors on 20 March 2024 and signed by hand by Mansueta-Maria Nakale (Director) and Ester Kali (Chief Executive Officer) (page image). The board approval date (20 March 2024) precedes the audit report date (23 September 2024) by six months; both recorded as printed.

    Document date
    23 Sep 2024
    Auditor's report
    23 Sep 2024
    Board approval
    20 Mar 2024
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2022
    Basis
    consolidated statements · NAD thousands (printed “N$ '000”)
    • Footnote markers '1' and '2' printed after some labels are kept in the labels as printed (e.g. 'Other receivables1', 'Interest received 2').
    • Income statement of a lender: net interest income, credit impairment, an insurance result (note 6) and fee income, with no revenue or operating-profit line (p99).
    • Interest paid on borrowings and lease liabilities and interest received on assets held to hedge borrowings are printed within financing activities; interest received on government securities and on related-party loans within investing activities (p102).
    • The independent auditor's report (PDF pp91-95) is an image-only scan inside the integrated report; its opinion, signature and date were read on the page images.
    • The statement of financial position is unclassified (liquidity order): no current or non-current subtotals are printed (p98). It prints a third Group column (2021 Restated), not transcribed.
    • The Group 2022 columns of all three statements are headed 'Restated': '1 The Group and Company restated certain lines due to implementation of IFRS 17. Details of the restatement are presented in note 4.' (pp98, 99, 102) and '2 The Group and Company restated certain lines on the statement of cash flows. The restatement had no impact on the prior year total cash and cash equivalents. Details of the restatement are presented in note 35.' (p102).
    Technical details
    File
    168 pages, with a text layer
    SHA-256
    d7bcff4ace6a36f2e831265c8bc2ff5d3c9ab71c3cb85b25a7d4568042215fce
    Entity as printed
    Letshego Holdings (Namibia) Limited and its subsidiaries ('the group')
    Issuer copy
    retrieved 2026-10-08T18:49:52Z

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