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	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	148,784	175,844	97,702	31,621	37,163	26,211
Cash & Short-Term Investments	148,784	175,844	97,702	31,621	37,163	26,211
Cash Growth	-30.53%	79.98%	208.97%	-14.91%	41.79%	52.34%
Accounts Receivable	88,113	54,981	32,923	28,907	14,848	10,763
Other Receivables	79,137	16,654	14,546	10,993	10,978	14,968
Receivables	167,250	71,635	47,470	39,901	25,826	25,731
Inventory	554,544	591,849	337,041	285,220	195,825	115,744
Prepaid Expenses	13,428	4,019	11,240	4,604	46,569	18,343
Other Current Assets	401,388	220,415	216,833	50,770	621.78	3,703
Total Current Assets	1,285,395	1,063,762	710,286	412,116	306,005	189,732
Property, Plant & Equipment	376,340	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	14,499	14,543	13,705	369.18	646.4	953.86
Long-Term Deferred Tax Assets	27,364	37,190	11,484	6,245	6,974	3,578
Other Long-Term Assets	1,187	1,261	1,377	1,501	1,659	1,837
Total Assets	1,709,451	1,492,490	1,097,396	667,012	544,733	432,454
Accounts Payable	341,251	526,145	220,682	147,298	78,782	64,255
Accrued Expenses	276,116	119,069	97,008	45,657	39,577	17,286
Short-Term Debt	14,687	7,847	32,807	9,938	4,001	5,543
Current Portion of Long-Term Debt	249,577	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	35,258	51,117	28,863	14,412	9,482	5,531
Current Unearned Revenue	142,992	68,660	56,911	35,925	42,923	24,088
Other Current Liabilities	100,458	6,985	6,419	6,340	6,098	6,058
Total Current Liabilities	1,160,339	977,554	584,091	293,586	209,696	148,758
Long-Term Debt	228,706	202,881	210,241	114,811	101,765	80,675
Long-Term Leases	38,446	34,944	15,723	17,654	14,789	10,703
Long-Term Unearned Revenue	20,220	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	4,532	4,103	4,060	3,591	3,713	2,738
Total Liabilities	1,461,383	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	144,966	126,639	132,668	111,102	90,906	71,630
Comprehensive Income & Other	9,969	9,969	-88.2	-1,383	-107.92	-113.02
Total Common Equity	232,363	214,036	210,007	187,146	168,225	148,945
Minority Interest	15,705	19,615	15,218	8,758	6,389	6,863
Shareholders' Equity	248,068	233,650	225,225	195,905	174,614	155,808
Total Liabilities & Equity	1,709,451	1,492,490	1,097,396	667,012	544,733	432,454
Total Debt	531,416	443,403	400,173	176,420	149,388	122,919
Net Cash (Debt)	-382,631	-267,559	-302,471	-144,798	-112,224	-96,708
Net Cash Per Share	-93.32	-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	125,056	86,208	126,194	118,530	96,309	40,973
Book Value Per Share	56.67	52.20	51.22	45.64	41.03	36.32
Tangible Book Value	213,716	195,344	192,154	182,629	163,431	143,843
Tangible Book Value Per Share	52.12	47.64	46.86	44.54	39.86	35.08
Land	25,005	25,360	24,349	14,223	78,865	81,268
Buildings	104,856	102,444	94,385	65,995	-	-
Machinery	415,480	400,274	377,725	307,267	290,204	279,215
Construction In Progress	34,819	32,657	42,877	28,477	9,888	8,084

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