Smart Products Nigeria Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Net Income	6.59	6.08	7.43	7.38	5.43
Depreciation & Amortization	6.15	5.26	4.4	4	3.93
Gain (Loss) on Sale of Investments	-0.93	-0.05	-0.23	-0.05	0.16
Change in Accounts Payable	2.58	14.39	0.62	-0.39	3.41
Change in Other Net Operating Assets	24.69	-0.91	10.7	3.18	-0.14
Other Operating Activities	-19.09	-12.6	1.69	2.3	2.56
Operating Cash Flow	28.4	23.21	26.76	15.91	15.65
Operating Cash Flow Growth	22.36%	-13.25%	68.14%	1.68%	-4.33%
Acquisition of Real Estate Assets	-14.94	-16.31	-8.34	-11.95	-8.88
Sale of Real Estate Assets	-	-	0.5	-	-
Net Sale / Acq. of Real Estate Assets	-14.94	-16.31	-7.84	-11.95	-8.88
Investing Cash Flow	-14.94	-16.31	-7.84	-11.95	-8.88
Common Dividends Paid	-3.6	-4.5	-4.5	-3.6	-6.75
Miscellaneous Cash Flow Adjustments	-0	17.65	0	-	-
Net Cash Flow	9.87	20.05	14.42	0.37	0.02
Cash Income Tax Paid	19.79	-	-	-	-
Levered Free Cash Flow	27.3	17.59	25.58	14.55	15.78
Unlevered Free Cash Flow	27.3	17.59	25.58	14.55	15.78
Change in Working Capital	35.7	24.52	13.46	2.28	3.58

Updated May 9, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.