Dangote Sugar Refinery Plc (NGX: DANGSUGAR)

Dangote Sugar Refinery Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	120,385	204,763	174,858	103,010	44,860	24,612
Cash & Short-Term Investments	120,385	204,763	174,858	103,010	44,860	24,612
Cash Growth	-24.39%	17.10%	69.75%	129.62%	82.27%	-33.72%
Accounts Receivable	10,425	5,606	4,649	14,662	10,634	10,542
Other Receivables	6,993	22,536	16,666	5,928	7,995	7,466
Receivables	17,692	28,535	21,676	20,697	18,730	18,134
Inventory	151,508	62,381	51,207	60,655	67,463	40,933
Prepaid Expenses	4,098	166.15	254.1	131.32	37.04	74.69
Other Current Assets	61,019	104,716	86,678	30,334	45,209	16,515
Total Current Assets	354,703	400,562	334,673	214,828	176,299	100,268
Property, Plant & Equipment	186,180	167,083	157,762	144,678	101,734	82,997
Long-Term Deferred Tax Assets	126,728	33,145	-	-	-	10,440
Total Assets	667,610	600,790	492,434	359,506	278,032	193,706
Accounts Payable	54,920	33,434	20,364	23,231	5,278	42,125
Accrued Expenses	53,472	34,988	22,054	19,666	19,146	12,115
Short-Term Debt	202,439	411,735	218,243	154,413	93,882	-
Current Portion of Long-Term Debt	371,010	285.45	243.72	220.04	194.65	45.21
Current Portion of Leases	115.34	116.26	981.14	1,220	1,051	612.1
Current Income Taxes Payable	8,599	14,446	25,543	10,449	1,555	11,117
Current Unearned Revenue	21,441	17,792	6,161	4,506	2,762	1,561
Other Current Liabilities	12,953	8,417	13,848	4,838	18,181	9,964
Total Current Liabilities	724,950	521,214	307,438	218,543	142,049	77,539
Long-Term Debt	42,853	246.11	531.56	764.45	984.49	1,300
Long-Term Leases	4,918	83.95	-	1,135	1,383	1,710
Long-Term Deferred Tax Liabilities	-	-	13,238	10,432	8,904	5,020
Total Liabilities	772,721	521,544	321,208	230,875	153,321	85,569
Common Stock	6,073	6,073	6,073	6,073	6,073	6,000
Additional Paid-In Capital	6,321	6,321	6,321	6,321	6,321	6,321
Retained Earnings	-117,465	66,882	158,845	116,254	112,328	96,259
Total Common Equity	-105,071	79,276	171,239	128,648	124,722	108,579
Minority Interest	-40.03	-30.4	-12.79	-16.75	-10.67	-442.64
Shareholders' Equity	-105,111	79,246	171,226	128,631	124,712	108,136
Total Liabilities & Equity	667,610	600,790	492,434	359,506	278,032	193,706
Total Debt	621,336	412,467	219,999	157,752	97,495	3,667
Net Cash (Debt)	-500,950	-207,704	-45,141	-54,742	-52,634	20,944
Net Cash Growth	-	-	-	-	-	-41.27%
Net Cash Per Share	-41.24	-17.10	-3.72	-4.51	-4.33	1.75
Filing Date Shares Outstanding	12,147	12,147	12,147	12,147	12,147	12,000
Total Common Shares Outstanding	12,147	12,147	12,147	12,147	12,147	12,000
Working Capital	-370,247	-120,652	27,234	-3,716	34,250	22,729
Book Value Per Share	-8.65	6.53	14.10	10.59	10.27	9.05
Tangible Book Value	-105,071	79,276	171,239	128,648	124,722	108,579
Tangible Book Value Per Share	-8.65	6.53	14.10	10.59	10.27	9.05
Land	6,188	5,998	5,522	5,522	5,556	5,556
Buildings	21,627	21,555	21,475	18,255	17,428	17,123
Machinery	104,963	97,347	92,966	84,413	74,001	63,826
Construction In Progress	100,953	92,178	83,073	78,165	40,594	26,777

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