Northern Nigeria Flour Mills Plc (NGX: NNFM)

NNFM 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	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	4,139	2,991	1,762	962.52	521.59	2,311
Cash & Short-Term Investments	4,139	2,991	1,762	962.52	521.59	2,311
Cash Growth	333.17%	69.75%	83.08%	84.54%	-77.43%	446.73%
Accounts Receivable	64.63	1,004	622.48	114.5	0.27	794.99
Other Receivables	1,570	29.14	36.2	107.41	9.11	14.69
Receivables	1,635	1,033	658.68	221.91	9.38	809.67
Inventory	8,322	6,255	7,645	8,238	3,206	1,561
Prepaid Expenses	4.38	106.38	133.79	34.14	41.4	24.38
Other Current Assets	1.04	75.03	59.63	0.48	8.11	46.02
Total Current Assets	14,101	10,461	10,259	9,457	3,787	4,752
Property, Plant & Equipment	7,416	7,460	7,567	3,848	3,572	3,733
Other Long-Term Assets	0	3.11	1.52	10.26	6.16	6.97
Total Assets	21,578	17,924	17,828	13,315	7,365	8,492
Accounts Payable	957.08	4,368	8,535	9,053	1,547	2,822
Accrued Expenses	-7.71	480.43	369.22	348.03	220.92	293.01
Current Portion of Long-Term Debt	-	45.74	164.79	156.13	1,627	1,365
Current Income Taxes Payable	686.68	686.68	95.34	97.81	31.76	65.61
Current Unearned Revenue	1,394	1,240	93.6	104.66	377.69	214.87
Other Current Liabilities	9,054	1,946	937.79	31.51	29.4	22.91
Total Current Liabilities	12,084	8,767	10,196	9,791	3,834	4,783
Long-Term Debt	-	-	49.22	237.57	384.99	663.61
Long-Term Unearned Revenue	-	-	0.62	9.33	33.17	68.46
Long-Term Deferred Tax Liabilities	881.75	881.75	762.67	201.57	104.83	54.25
Other Long-Term Liabilities	35.61	33.31	39.86	30.75	40.05	31.6
Total Liabilities	13,213	9,847	11,248	10,461	4,577	5,723
Common Stock	89.1	89.1	89.1	89.1	89.1	89.1
Additional Paid-In Capital	89.52	89.52	89.52	89.52	89.52	89.52
Retained Earnings	3,140	2,853	1,355	1,110	1,043	1,024
Comprensive Income & Other	5,046	5,046	5,046	1,566	1,566	1,566
Shareholders' Equity	8,365	8,078	6,580	2,854	2,788	2,769
Total Liabilities & Equity	21,578	17,924	17,828	13,315	7,365	8,492
Total Debt	-	45.74	214.01	393.7	2,012	2,028
Net Cash (Debt)	4,139	2,946	1,548	568.82	-1,490	283.18
Net Cash Growth	428.80%	90.27%	172.17%	-	-	-
Net Cash Per Share	23.22	16.53	8.69	3.19	-8.36	1.59
Filing Date Shares Outstanding	178.2	178.2	179.42	178.2	178.2	178.2
Total Common Shares Outstanding	178.2	178.2	179.42	178.2	178.2	178.2
Working Capital	2,017	1,694	63.37	-334.42	-46.97	-31.08
Book Value Per Share	46.94	45.33	36.67	16.02	15.64	15.54
Tangible Book Value	8,365	8,078	6,580	2,854	2,788	2,769
Tangible Book Value Per Share	46.94	45.33	36.67	16.02	15.64	15.54
Land	5,628	5,628	5,628	1,761	1,761	1,761
Buildings	351.69	351.69	319.23	136.23	116.17	118.59
Machinery	3,925	3,990	3,849	3,792	3,553	3,506
Construction In Progress	141.32	117.13	94.45	282.6	94.36	105.7

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