Flour Mills of Nigeria PLC (NGX: FLOURMILL)

Flour Mills of Nigeria Balance Sheet

Financials in millions NGN. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	158,985	175,844	97,702	31,621	37,163	26,211
Cash & Short-Term Investments	158,985	175,844	97,702	31,621	37,163	26,211
Cash Growth	22.75%	79.98%	208.97%	-14.91%	41.79%	52.34%
Accounts Receivable	38,761	54,981	32,923	28,907	14,848	10,763
Other Receivables	16,255	16,654	14,546	10,993	10,978	14,968
Receivables	55,015	71,635	47,470	39,901	25,826	25,731
Inventory	514,820	591,849	337,041	285,220	195,825	115,744
Prepaid Expenses	62,044	4,019	11,240	4,604	46,569	18,343
Other Current Assets	281,470	220,415	216,833	50,770	621.78	3,703
Total Current Assets	1,072,333	1,063,762	710,286	412,116	306,005	189,732
Property, Plant & Equipment	368,282	371,071	356,306	242,560	225,233	231,823
Long-Term Investments	482.92	482.8	47.26	34	27.54	22.44
Goodwill	4,148	4,148	4,148	4,148	4,148	4,148
Other Intangible Assets	14,476	14,543	13,705	369.18	646.4	953.86
Long-Term Deferred Tax Assets	27,344	37,190	11,484	6,245	6,974	3,578
Other Long-Term Assets	1,222	1,261	1,377	1,501	1,659	1,837
Total Assets	1,488,321	1,492,490	1,097,396	667,012	544,733	432,454
Accounts Payable	405,646	526,145	220,682	147,298	78,782	64,255
Accrued Expenses	222,025	119,069	97,008	45,657	39,577	17,286
Short-Term Debt	8,530	7,847	32,807	9,938	4,001	5,543
Current Portion of Long-Term Debt	202,158	195,035	139,451	34,017	26,913	23,344
Current Portion of Leases	-	2,696	1,953	-	1,920	2,654
Current Income Taxes Payable	50,608	51,117	28,863	14,412	9,482	5,531
Current Unearned Revenue	107,331	68,660	56,911	35,925	42,923	24,088
Other Current Liabilities	1,010	6,985	6,419	6,340	6,098	6,058
Total Current Liabilities	997,309	977,554	584,091	293,586	209,696	148,758
Long-Term Debt	176,079	202,881	210,241	114,811	101,765	80,675
Long-Term Leases	39,023	34,944	15,723	17,654	14,789	10,703
Long-Term Unearned Revenue	22,222	23,847	27,362	16,173	12,902	14,788
Long-Term Deferred Tax Liabilities	-	7,208	19,489	15,023	16,857	11,849
Other Long-Term Liabilities	4,322	4,103	4,060	3,591	3,713	2,738
Total Liabilities	1,247,694	1,258,839	872,172	471,107	370,119	276,646
Common Stock	2,050	2,050	2,050	2,050	2,050	12.34
Additional Paid-In Capital	75,377	75,377	75,377	75,377	75,377	77,415
Retained Earnings	134,581	126,639	132,668	111,102	90,906	71,630
Comprensive Income & Other	9,969	9,969	-88.2	-1,383	-107.92	-113.02
Total Common Equity	221,978	214,036	210,007	187,146	168,225	148,945
Minority Interest	18,649	19,615	15,218	8,758	6,389	6,863
Shareholders' Equity	240,627	233,650	225,225	195,905	174,614	155,808
Total Liabilities & Equity	1,488,321	1,492,490	1,097,396	667,012	544,733	432,454
Total Debt	425,790	443,403	400,173	176,420	149,388	122,919
Net Cash (Debt)	-266,806	-267,559	-302,471	-144,798	-112,224	-96,708
Net Cash Per Share	-65.07	-65.25	-73.77	-35.31	-27.37	-23.58
Filing Date Shares Outstanding	4,100	4,100	4,100	4,100	4,100	4,100
Total Common Shares Outstanding	4,100	4,100	4,100	4,100	4,100	4,100
Working Capital	75,024	86,208	126,194	118,530	96,309	40,973
Book Value Per Share	54.14	52.20	51.22	45.64	41.03	36.32
Tangible Book Value	203,354	195,344	192,154	182,629	163,431	143,843
Tangible Book Value Per Share	49.59	47.64	46.86	44.54	39.86	35.08
Land	25,360	25,360	24,349	14,223	78,865	81,268
Buildings	102,493	102,444	94,385	65,995	-	-
Machinery	400,636	400,274	377,725	307,267	290,204	279,215
Construction In Progress	1,262	32,657	42,877	28,477	9,888	8,084

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