Morison Industries Plc (NGX:MORISON)

Morison Industries Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	33.91	19.66	16.74	14.59	5.42	3.2
Cash & Short-Term Investments	33.91	19.66	16.74	14.59	5.42	3.2
Cash Growth	-	17.42%	14.77%	169.05%	69.33%	195.66%
Accounts Receivable	58.78	47.41	13.41	26.4	26.92	28.49
Other Receivables	4.2	3.4	2.56	2.35	2.16	2.28
Receivables	62.99	50.82	15.97	28.74	29.08	30.77
Inventory	88.5	70.04	34.51	35.48	47.32	39.87
Prepaid Expenses	0.52	1.79	0.62	0.04	6.54	8.88
Other Current Assets	22.84	26.3	20.67	19.82	19.59	15.19
Total Current Assets	208.75	168.61	88.51	98.67	107.96	97.91
Property, Plant & Equipment	1,400	1,405	1,437	1,469	1,507	290.78
Total Assets	1,609	1,573	1,525	1,568	1,615	388.69
Accounts Payable	447.45	101.17	31.01	32.16	30.14	28.82
Accrued Expenses	-	158.4	206.42	192.08	171.52	147.8
Short-Term Debt	178.58	173.72	154.12	136.4	119.8	58.39
Current Income Taxes Payable	2.92	2.92	2.92	1.93	0.86	0.39
Current Unearned Revenue	-	35.54	52.01	28.18	8.95	22.02
Other Current Liabilities	0	102.96	33.76	33.37	31.96	29.26
Total Current Liabilities	628.95	574.71	480.25	424.12	363.22	286.69
Long-Term Deferred Tax Liabilities	184.16	184.16	184.16	184.16	184.16	59.83
Other Long-Term Liabilities	-0	-0	-	-	-	-
Total Liabilities	813.63	759.39	664.93	608.79	547.89	347.03
Common Stock	494.58	494.58	494.58	494.58	494.58	494.58
Additional Paid-In Capital	84.48	84.48	84.48	84.48	84.48	84.48
Retained Earnings	-902.91	-884.36	-837.53	-738.81	-631.33	-537.4
Comprehensive Income & Other	1,119	1,119	1,119	1,119	1,119	-
Shareholders' Equity	795.18	813.73	860.56	959.28	1,067	41.66
Total Liabilities & Equity	1,609	1,573	1,525	1,568	1,615	388.69
Total Debt	178.58	173.72	154.12	136.4	119.8	58.39
Net Cash (Debt)	-144.67	-154.06	-137.38	-121.81	-114.38	-55.19
Net Cash Per Share	-0.17	-0.16	-0.14	-0.12	-0.12	-0.06
Filing Date Shares Outstanding	989.16	989.16	989.16	989.16	989.16	989.16
Total Common Shares Outstanding	989.16	989.16	989.16	989.16	989.16	989.16
Working Capital	-420.2	-406.1	-391.74	-325.45	-255.25	-188.78
Book Value Per Share	0.80	0.82	0.87	0.97	1.08	0.04
Tangible Book Value	795.18	813.73	860.56	959.28	1,067	41.66
Tangible Book Value Per Share	0.80	0.82	0.87	0.97	1.08	0.04
Land	1,474	1,474	1,046	1,046	1,046	387.02
Buildings	-	-	427.32	427.32	427.32	-
Machinery	134.25	130.6	130.23	128.66	127.29	144.48
Construction In Progress	7.83	7.83	7.83	7.83	7.83	7.6

Updated Jan 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.