Airtel Malawi Plc (MAL: AIRTEL)

Airtel Malawi Balance Sheet

Financials in millions MWK. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	50,475	42,264	59,073	38,523	17,418	5,675
Cash & Short-Term Investments	50,475	42,264	59,073	38,523	17,418	5,675
Cash Growth	-22.60%	-28.45%	53.34%	121.17%	206.94%	128.96%
Accounts Receivable	7,250	4,320	4,752	5,933	7,595	8,114
Other Receivables	-	4,645	3,882	17,654	12,448	14,670
Receivables	7,250	8,965	8,634	23,587	20,043	22,784
Inventory	1,094	1,356	278.08	292.72	261.63	50.2
Prepaid Expenses	-	7,988	4,530	1,605	2,544	1,584
Other Current Assets	33,892	18,036	4,877	3,205	6,918	2,129
Total Current Assets	92,711	78,609	77,392	67,212	47,184	32,223
Property, Plant & Equipment	143,078	138,158	104,591	83,353	82,313	72,855
Long-Term Investments	81	81	81	81	81	81
Other Intangible Assets	8,466	15.29	195.27	375.25	555.23	735.22
Long-Term Deferred Tax Assets	36,668	18,067	3,248	1,496	962.58	1,043
Long-Term Deferred Charges	-	1,266	224.43	330.55	496.84	107.17
Other Long-Term Assets	17,604	16,530	10,647	7,816	6,158	7,346
Total Assets	298,608	252,727	196,378	160,664	137,750	114,391
Accounts Payable	87,638	50,526	29,714	13,161	16,152	23,114
Accrued Expenses	-	3,683	2,885	1,899	1,408	465.53
Current Portion of Long-Term Debt	57,419	55,759	109.28	32.69	30,959	29,683
Current Portion of Leases	3,095	3,090	3,170	4,309	3,335	2,673
Current Income Taxes Payable	4,341	4,276	5,785	7,019	4,496	-
Current Unearned Revenue	10,909	9,705	9,975	8,131	6,813	5,381
Other Current Liabilities	11,382	40,008	33,130	33,073	26,617	22,812
Total Current Liabilities	174,784	167,046	84,769	67,625	89,780	84,128
Long-Term Debt	-	-	33,872	32,582	527.1	1,030
Long-Term Leases	111,535	73,968	39,933	26,992	23,086	13,483
Other Long-Term Liabilities	1,565	-	-	136.65	263.99	-
Total Liabilities	287,884	241,015	158,575	127,336	113,657	98,640
Common Stock	1	1	1	1	1	1
Additional Paid-In Capital	398.38	398.38	398.38	398.38	398.38	398.38
Retained Earnings	10,325	11,313	37,404	32,929	23,694	15,351
Shareholders' Equity	10,724	11,712	37,803	33,328	24,093	15,750
Total Liabilities & Equity	298,608	252,727	196,378	160,664	137,750	114,391
Total Debt	172,050	132,817	77,085	63,916	57,907	46,868
Net Cash (Debt)	-121,575	-90,553	-18,012	-25,393	-40,489	-41,193
Net Cash Per Share	-11.05	-8.23	-1.64	-2.31	-3.68	-3.74
Filing Date Shares Outstanding	11,000	11,000	11,000	11,000	11,000	11,000
Total Common Shares Outstanding	11,000	11,000	11,000	11,000	11,000	11,000
Working Capital	-82,074	-88,437	-7,378	-413.53	-42,597	-51,905
Book Value Per Share	0.97	1.06	3.44	3.03	2.19	1.43
Tangible Book Value	2,258	11,697	37,608	32,953	23,538	15,015
Tangible Book Value Per Share	0.21	1.06	3.42	3.00	2.14	1.37
Land	-	4,412	4,412	4,412	4,412	4,412
Machinery	-	164,917	148,355	137,871	129,549	104,409
Construction In Progress	-	7,773	4,836	1,178	4,878	15,176
Leasehold Improvements	-	522.98	475.67	464.82	479.37	437.41

Source: S&P Capital IQ. Standard template. Financial Sources.