Nigerian Breweries Plc (NGX: NB)

Nigerian Breweries 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	35,036	39,566	22,181	16,730	30,370	6,361
Cash & Short-Term Investments	35,036	39,566	22,181	16,730	30,370	6,361
Cash Growth	65.77%	78.38%	32.58%	-44.91%	377.43%	-57.00%
Accounts Receivable	64,615	26,377	20,225	3,040	3,983	16,380
Other Receivables	-	19,395	17,526	6,248	3,912	2,331
Receivables	64,615	45,771	37,750	9,288	7,895	18,711
Inventory	170,173	122,036	83,517	62,192	36,087	38,520
Prepaid Expenses	1,693	2,970	1,958	2,853	3,745	3,500
Other Current Assets	46,050	17,224	10,015	29,104	15,098	5,437
Total Current Assets	317,568	227,567	155,422	120,166	93,195	72,529
Property, Plant & Equipment	487,323	450,379	368,869	269,737	256,328	212,981
Long-Term Investments	150	150	150	150	150	150
Goodwill	-	84,723	84,723	84,723	84,723	84,723
Other Intangible Assets	103,222	7,191	8,702	9,612	10,550	11,743
Long-Term Deferred Tax Assets	80,812	23,710	-	-	-	-
Other Long-Term Assets	2,898	2,153	2,022	1,134	911.38	651.78
Total Assets	991,973	795,873	619,889	485,522	445,857	382,778
Accounts Payable	387,091	183,960	119,954	140,992	75,215	43,497
Accrued Expenses	-	44,484	17,934	5,674	2,313	2,947
Short-Term Debt	-	-	-	-	43,149	-
Current Portion of Long-Term Debt	382,851	205,318	119,825	23,887	8,662	4,633
Current Portion of Leases	2.79	29.56	17.31	654.63	-	192.89
Current Income Taxes Payable	7,981	6,716	13,003	10,624	11,713	12,799
Other Current Liabilities	16,701	143,957	136,972	90,701	69,416	63,460
Total Current Liabilities	794,627	584,465	407,705	272,533	210,468	127,528
Long-Term Debt	269,250	136,284	2,426	4,098	4,022	49,328
Long-Term Leases	-	1.68	14.62	2,734	35,615	1,565
Long-Term Deferred Tax Liabilities	427.82	-	18,407	23,282	17,854	23,171
Total Liabilities	1,077,271	732,589	439,975	313,610	284,678	215,028
Common Stock	5,138	5,138	5,138	4,038	3,998	3,998
Additional Paid-In Capital	82,944	82,944	82,944	77,500	73,770	73,770
Retained Earnings	-175,802	-29,616	87,761	90,110	80,024	86,957
Comprehensive Income & Other	1,366	4,818	3,958	155.38	3,283	2,927
Total Common Equity	-86,353	63,284	179,800	171,803	161,076	167,653
Minority Interest	1,055	-	113.44	108.89	102.63	97.25
Shareholders' Equity	-85,298	63,284	179,914	171,912	161,179	167,750
Total Liabilities & Equity	991,973	795,873	619,889	485,522	445,857	382,778
Total Debt	652,104	341,633	122,283	31,373	91,447	55,720
Net Cash (Debt)	-617,067	-302,067	-100,102	-14,643	-61,077	-49,358
Net Cash Per Share	-74.36	-36.40	-12.06	-1.46	-6.11	-4.94
Filing Date Shares Outstanding	10,276	10,276	10,276	10,095	9,996	9,996
Total Common Shares Outstanding	10,276	10,276	10,276	10,095	9,996	9,996
Working Capital	-477,059	-356,898	-252,283	-152,366	-117,272	-54,999
Book Value Per Share	-8.40	6.16	17.50	17.02	16.11	16.77
Tangible Book Value	-189,575	-28,630	86,375	77,469	65,804	71,187
Tangible Book Value Per Share	-18.45	-2.79	8.41	7.67	6.58	7.12
Land	-	1,990	1,550	3,891	3,891	3,891
Buildings	-	81,659	79,245	72,989	70,088	64,854
Machinery	-	375,911	302,345	280,915	261,123	240,546
Construction In Progress	-	134,850	116,461	51,076	16,343	11,569

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