MTN Nigeria Communications PLC (NGX:MTNN)

NGX:MTNN Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	253,377	345,074	349,500	260,891	275,198
Short-Term Investments	50,825	7,051	19,749	51,444	121,803
Trading Asset Securities	1,584	205	539	6,220	24,980
Cash & Short-Term Investments	305,786	352,330	369,788	318,555	421,981
Cash Growth	-13.21%	-4.72%	16.08%	-24.51%	146.62%
Accounts Receivable	188,688	87,683	72,234	46,625	36,741
Other Receivables	125,561	111,425	102,379	39,007	9,407
Receivables	314,249	199,108	174,613	85,632	46,148
Inventory	6,971	6,027	3,678	5,310	2,158
Prepaid Expenses	53,464	16,306	16,883	41,600	4,618
Restricted Cash	107,023	394,409	196,082	146,188	47,913
Other Current Assets	3,843	7,601	-	-	-
Total Current Assets	791,336	975,781	761,044	597,285	522,818
Property, Plant & Equipment	2,630,884	1,573,937	1,403,836	1,387,925	1,281,902
Long-Term Investments	9,068	6,632	10,585	10,845	25,847
Goodwill	10,016	10,016	10,016	10,016	10,016
Other Intangible Assets	398,767	437,583	325,583	235,542	101,064
Long-Term Deferred Tax Assets	321,349	151,362	11,018	3,404	-
Long-Term Deferred Charges	9,344	7,136	6,602	5,602	7,990
Other Long-Term Assets	26,227	26,380	10,685	12,340	13,906
Total Assets	4,196,991	3,188,827	2,539,369	2,262,959	1,963,543
Accounts Payable	409,198	248,475	105,488	96,668	94,858
Accrued Expenses	689,585	360,271	381,003	322,148	191,508
Current Portion of Long-Term Debt	336,325	689,352	250,210	152,835	190,599
Current Portion of Leases	285,680	190,777	68,838	62,531	54,798
Current Income Taxes Payable	25,012	157,971	199,959	144,163	107,310
Current Unearned Revenue	117,272	102,796	92,861	72,336	62,301
Other Current Liabilities	125,246	143,777	74,807	55,187	42,538
Total Current Liabilities	1,988,318	1,893,419	1,173,166	905,868	743,912
Long-Term Debt	636,590	487,817	439,463	340,425	330,551
Long-Term Leases	1,997,744	813,634	591,178	628,325	586,992
Long-Term Deferred Tax Liabilities	-	1,149	57,573	108,087	113,130
Other Long-Term Liabilities	22,906	25,223	8,612	8,588	2,311
Total Liabilities	4,654,998	3,229,671	2,276,827	1,997,978	1,785,157
Common Stock	420	420	407	407	407
Additional Paid-In Capital	166,362	166,362	17,216	17,216	17,216
Retained Earnings	-607,466	-208,018	246,679	246,473	160,524
Treasury Stock	-4,869	-4,869	-4,869	-	-
Comprehensive Income & Other	-12,454	701	1,664	885	239
Total Common Equity	-458,007	-45,404	261,097	264,981	178,386
Minority Interest	-	4,560	1,445	-	-
Shareholders' Equity	-458,007	-40,844	262,542	264,981	178,386
Total Liabilities & Equity	4,196,991	3,188,827	2,539,369	2,262,959	1,963,543
Total Debt	3,256,339	2,181,580	1,349,689	1,184,116	1,162,940
Net Cash (Debt)	-2,950,553	-1,829,250	-979,901	-865,561	-740,959
Net Cash Per Share	-140.72	-87.24	-46.74	-42.52	-36.40
Filing Date Shares Outstanding	20,967	20,967	20,326	20,355	20,355
Total Common Shares Outstanding	20,967	20,967	20,326	20,355	20,355
Working Capital	-1,196,982	-917,638	-412,122	-308,583	-221,094
Book Value Per Share	-21.84	-2.17	12.85	13.02	8.76
Tangible Book Value	-866,790	-493,003	-74,502	19,423	67,306
Tangible Book Value Per Share	-41.34	-23.51	-3.67	0.95	3.31
Land	27,862	27,665	26,692	5,690	5,690
Buildings	38,048	33,697	32,489	28,876	28,877
Machinery	106,356	98,208	80,905	76,913	51,631
Construction In Progress	199,603	193,923	138,678	143,968	52,358
Leasehold Improvements	27,899	25,753	24,432	23,624	24,085

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