VFD Group Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	26,224	8,374	2,980
Cash & Short-Term Investments	39,777	8,374	2,980
Cash Growth	1234.87%	181.01%	-
Accounts Receivable	23,574	9,366	13,468
Other Receivables	11,398	2,864	5,062
Receivables	34,973	12,230	18,530
Inventory	-	10,997	5,241
Prepaid Expenses	2,255	1,643	1,374
Other Current Assets	76,170	69,557	32,234
Total Current Assets	153,175	102,799	60,359
Property, Plant & Equipment	15,433	14,691	3,193
Long-Term Investments	74,345	57,116	35,117
Goodwill	5,534	5,534	5,854
Other Intangible Assets	201.28	379.51	263.78
Long-Term Deferred Tax Assets	2,035	2,042	1,222
Other Long-Term Assets	30,233	17,183	23,777
Total Assets	295,855	219,277	151,521
Accounts Payable	3,372	8,086	1,973
Accrued Expenses	1,692	1,247	892.65
Current Portion of Long-Term Debt	-	20,875	9,028
Current Income Taxes Payable	2,372	1,772	1,626
Other Current Liabilities	121,755	92,088	52,802
Total Current Liabilities	129,190	124,068	66,321
Long-Term Debt	111,627	60,725	47,700
Long-Term Deferred Tax Liabilities	2,280	1,954	1,713
Other Long-Term Liabilities	0	0	3,186
Total Liabilities	243,097	186,747	118,921
Common Stock	633.43	95.01	95.01
Additional Paid-In Capital	19,522	7,880	7,880
Retained Earnings	10,650	5,190	11,148
Comprehensive Income & Other	9,364	7,434	6,690
Total Common Equity	40,169	20,599	25,813
Minority Interest	12,589	11,931	6,787
Shareholders' Equity	52,758	32,531	32,600
Total Liabilities & Equity	295,855	219,277	151,521
Total Debt	111,627	81,600	56,728
Net Cash (Debt)	-71,849	-73,226	-53,748
Net Cash Per Share	-	-77.07	-56.57
Filing Date Shares Outstanding	-	950.14	950.14
Total Common Shares Outstanding	-	950.14	950.14
Working Capital	23,985	-21,269	-5,962
Book Value Per Share	-	21.68	27.17
Tangible Book Value	34,434	14,686	19,694
Tangible Book Value Per Share	-	15.46	20.73
Land	-	1,232	1,435
Machinery	-	5,886	2,147
Construction In Progress	-	71.28	-
Leasehold Improvements	-	6,665	65.54

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