UPDC Plc (NGX: UPDC)

UPDC Plc 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	5,539	4,918	3,161	1,878	2,947	1,262
Cash & Short-Term Investments	5,539	4,918	3,161	1,878	2,947	1,262
Cash Growth	21.22%	55.56%	68.31%	-36.27%	133.61%	148.61%
Accounts Receivable	714.47	442.41	98.77	45.74	272.77	154.75
Other Receivables	1,191	1,615	1,817	2,620	3,175	2,940
Receivables	1,905	2,057	1,916	2,666	3,448	3,095
Inventory	4,928	3,200	5,266	6,085	4,271	5,721
Prepaid Expenses	138.94	68	29.73	33.16	16.68	289.07
Other Current Assets	58.92	60.26	93.91	8,144	8,921	16,022
Total Current Assets	12,571	10,303	10,467	18,806	19,604	26,389
Property, Plant & Equipment	8,329	8,334	8,390	49.93	31.47	22.85
Long-Term Investments	813.89	973.99	525.89	722.62	864.17	129.59
Other Intangible Assets	49.29	52.2	45.44	16.39	6.6	13.52
Other Long-Term Assets	0	-	-	-	1,787	2,382
Total Assets	21,762	19,664	19,428	19,595	22,293	28,936
Accounts Payable	3,940	1,217	1,125	726.36	1,560	1,430
Accrued Expenses	1,213	1,149	1,203	555.09	1,824	52.77
Short-Term Debt	-	-	-	-	1,143	16,535
Current Portion of Long-Term Debt	128	70.73	70.73	-	8.2	8.22
Current Income Taxes Payable	148.55	167.49	144.05	138.96	119.69	115.52
Current Unearned Revenue	2,687	2,374	2,802	2,267	1,926	1,966
Other Current Liabilities	964.4	1,076	1,118	2,222	1,724	2,316
Total Current Liabilities	9,081	6,054	6,463	5,910	8,305	22,423
Long-Term Debt	3,527	4,702	4,702	5,512	4,271	4,264
Long-Term Unearned Revenue	-	-	-	-	2.15	4.74
Long-Term Deferred Tax Liabilities	72.54	72.54	73.02	79.36	72.54	72.54
Other Long-Term Liabilities	0	-	-	-	-0	0
Total Liabilities	12,680	10,829	11,238	11,501	12,651	26,764
Common Stock	9,280	9,280	9,280	9,280	9,280	1,299
Additional Paid-In Capital	8,972	8,972	8,972	8,972	8,972	6,065
Retained Earnings	-9,318	-9,581	-9,835	-10,578	-8,728	-5,014
Comprehensive Income & Other	126.74	286.84	-166.77	418.1	166.77	-
Total Common Equity	9,061	8,957	8,250	8,092	9,690	2,350
Minority Interest	21.87	-121.88	-59.58	2.56	-48.49	-178.29
Shareholders' Equity	9,083	8,835	8,191	8,094	9,642	2,172
Total Liabilities & Equity	21,762	19,664	19,428	19,595	22,293	28,936
Total Debt	3,655	4,773	4,773	5,512	5,423	20,807
Net Cash (Debt)	1,885	145.19	-1,611	-3,633	-2,475	-19,546
Net Cash Per Share	0.10	0.01	-0.09	-0.20	-0.18	-7.52
Filing Date Shares Outstanding	18,560	18,560	18,560	18,560	18,560	2,598
Total Common Shares Outstanding	18,560	18,560	18,560	18,560	18,560	2,598
Working Capital	3,490	4,249	4,004	12,896	11,299	3,966
Book Value Per Share	0.49	0.48	0.44	0.44	0.52	0.90
Tangible Book Value	9,011	8,905	8,205	8,075	9,684	2,337
Tangible Book Value Per Share	0.49	0.48	0.44	0.44	0.52	0.90
Land	1,104	1,104	1,104	-	-	-
Buildings	7,025	7,025	7,025	-	-	-
Machinery	585.41	491.7	431.7	194.19	232.47	255.89

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