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CONSOLIDATED AND SEPARATE STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER, 2016 Notes Assets Non-current assets Property, plant and equipment Intangible assets Investments in subsidiaries Investment in associate Deferred tax asset Total non-current assets Current assets Inventories Trade and other receivables Prepayments and other current assets Current income tax receivables Cash and bank balances Total current assets Total assets Liabilities Current liabilities Trade and other payables Current income tax payable Financial liabilities Other current liabilities Total current liabilities Non-current liabilities Deferred tax liabilities Financial liabilities Long term provisions and other charges Retirement benefits obligation Deferred revenue Long term payables Total non-current liabilities Total liabilities Net assets Equity Share capital Share premium Capital contribution Currency translation reserve Employee benefit reserve Retained earnings Equity attributable to owners of the company Non-controlling interest Total equity Total equity and liabilities 21.1 21.1 21.4 21.3 21.5 19 20 18.2 14.2 31 15 16 17.2 17.3 14.3 Prepayments for property, plant & equipment 18.1 Other receivables 30 31-Dec-16 ₦’million 1,155,711 4,145 - 1,582 50,110 13,196 - 1,224,744 82,903 26,279 78,280 9 115,693 303,164 1,527,908 23 14.2 24 25.2 268,966 4,674 220,300 18,307 512,247 14.3 24 26 28 25.1 27 43,695 152,475 3,344 - 1,072 17,730 218,316 730,563 797,345 8,520 42,430 2,877 78,964 - 677,479 810,270 (12,925) 797,345 1,527,908 Group Company 31-Dec-15 31-Dec-16 ₦’million 917,212 2,610 - 1,582 14,465 9,094 - 944,963 53,118 11,544 60,526 - 40,792 165,980 1,110,943 127,597 1,289 47,275 24,537 200,698 24,504 208,329 3,283 3,992 975 24,442 265,525 466,223 644,720 8,520 42,430 2,877 (22,366) (1,007) 620,501 650,955 (6,235) 644,720 1,110,943 ₦’million 569,017 113 78,673 1,582 26,255 - 633,323 1,308,963 55,850 11,857 60,384 - 65,510 193,601 1,502,564 178,567 4,306 192,270 15,083 390,226 41,858 86,182 2,302 - 629 - 130,971 521,197 981,367 8,520 42,430 2,828 - - 927,589 981,367 - 981,367 1,502,564 31-Dec-15 ₦’million 577,017 385 26,075 1,582 10,913 - 395,917 1,011,889 38,369 4,252 52,003 - 17,962 112,586 1,124,475 79,584 1,305 37,169 22,528 140,586 23,998 181,384 619 3,992 975 24,442 235,410 375,996 748,479 8,520 42,430 2,828 - (1,007) 695,708 748,479 - 748,479 1,124,475 The accompanying notes on pages 150 to 212 and other national disclosures on pages 213 to 215 form an integral part of these consolidated and separate financial statements. Aliko Dangote,GCON Chairman, Board of Directors FRC/2013/IODN/00000001766 146 Annual Report 2016 Onne Van der Weijde GMD/CEO FRC/2016/IODN/00000014027 Brian Egan Group CFO FRC/2015/MULTI/00000011227

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