Meyer Plc (NGX: MEYER)

Meyer 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	1,489	1,521	1,326	1,395	2,389	1,480
Cash & Short-Term Investments	1,489	1,521	1,326	1,395	2,389	1,480
Cash Growth	1.16%	14.72%	-4.96%	-41.58%	61.41%	6440.19%
Accounts Receivable	448.96	334.1	115.56	149.8	99.84	84.41
Other Receivables	2.79	0.74	4.93	0.64	1.45	5.31
Receivables	451.75	334.84	120.49	150.44	101.29	89.71
Inventory	450.04	194.12	134.39	89.85	95.15	107.6
Prepaid Expenses	5.73	8.32	7.04	4.09	2.75	5.91
Other Current Assets	-31.32	52.86	27.52	39.74	71.67	1,793
Total Current Assets	2,365	2,112	1,616	1,680	2,660	3,476
Property, Plant & Equipment	344.15	340.48	322.91	337.81	386.56	271.47
Long-Term Deferred Tax Assets	-	-	-	5.96	5.5	-
Other Long-Term Assets	-0	-0	-	-	-	-
Total Assets	2,724	2,452	1,939	2,023	3,052	3,747
Accounts Payable	343.75	230.29	153.88	213.96	157.39	100.57
Accrued Expenses	273.06	113.85	87.74	131.77	206.21	156.7
Short-Term Debt	-	-	-	1.81	1.81	1.81
Current Portion of Long-Term Debt	1.81	1.81	-	-	-	-
Current Portion of Leases	8.86	16.52	9.14	4.8	49.32	-
Current Income Taxes Payable	117.35	114.93	10.25	458.77	651.34	11.26
Current Unearned Revenue	-	-	-	-	0.81	2,503
Other Current Liabilities	189.58	254.62	187.02	130.7	190.47	175.8
Total Current Liabilities	934.42	732.02	448.03	941.81	1,257	2,950
Long-Term Debt	-	-	1.81	-	-	-
Long-Term Leases	-	5.78	9.14	-	-	-
Long-Term Deferred Tax Liabilities	4.53	4.53	4.53	-	-	120.63
Other Long-Term Liabilities	11.65	11.65	11.65	9.6	9.6	-
Total Liabilities	963.87	767.65	490.15	968.5	1,284	3,098
Common Stock	248.86	248.86	248.86	248.86	248.86	248.86
Additional Paid-In Capital	53.17	53.17	53.17	53.17	53.17	53.17
Retained Earnings	1,456	1,380	1,144	750.35	1,463	345.16
Total Common Equity	1,758	1,682	1,446	1,052	1,765	647.19
Minority Interest	2.44	2.44	2.44	2.44	2.45	2.45
Shareholders' Equity	1,760	1,684	1,448	1,055	1,768	649.65
Total Liabilities & Equity	2,724	2,452	1,939	2,023	3,052	3,747
Total Debt	10.67	24.11	20.09	6.61	51.13	1.81
Net Cash (Debt)	1,479	1,497	1,306	1,389	2,338	1,478
Net Cash Growth	2.61%	14.64%	-5.95%	-40.59%	58.15%	-
Net Cash Per Share	2.95	2.98	2.62	2.89	4.70	3.26
Filing Date Shares Outstanding	497.73	497.73	497.73	497.73	497.73	497.73
Total Common Shares Outstanding	497.73	497.73	497.73	497.73	497.73	497.73
Working Capital	1,431	1,380	1,168	737.75	1,402	526.2
Book Value Per Share	3.53	3.38	2.91	2.11	3.55	1.30
Tangible Book Value	1,743	1,682	1,446	1,052	1,765	647.19
Tangible Book Value Per Share	3.50	3.38	2.91	2.11	3.55	1.30
Buildings	-	-	0.51	2.53	2.53	2.53
Machinery	-	-	431.02	428.89	399.49	417.8
Construction In Progress	-	-	252.29	244.55	246.08	244.55

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