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Financials NOTES TO THE CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2016 Group Company 2016 2015 5. Revenue (Tonnes) Cement production capacity (for the year) Cement production volume Trade cement purchases (Increase)/decease in stock of cement Cement sales volume 42,550 2016 2015 ‘000 tonnes ‘000 tonnes ‘000 tonnes ‘000 tonnes 42,550 29,250 22,534 1,086 (45) 23,575 18,425 629 (196) 18,858 14,973 - 155 15,128 29,250 13,385 - (95) 13,290 Group Company ₦’million Revenue (Naira) Revenue from sales of cement Revenue from sales of other products Cement sales volume All group sales exclude intra-group sales. 5.1 Information about major customers Included in revenue arising from direct sales of cement of ₦614.9 billion (2015: ₦491.5 billion) is revenue of approximately ₦29.8 billion (2015: ₦19.8 billion) which arose from sales to the Group’s largest customer. No single customer contributed 10% or more to the Group’s revenue for both 2016 and 2015 financial years. 6. Segment information 6.1 Products and services from which reportable segments derive their revenue The Executive Management Committee is the Company’s Chief Operating Decision Maker. Management has determined operating segments based on the information reported and reviewed by the Executive Management Committee for the purposes of allocating resources and assessing performance. The Executive Management Committee reviews internal management reports on at least a quarterly basis. These internal reports are prepared on the same basis as the accompanying consolidated and separate financial statements. “ Segment information is presented in respect of the Group’s reportable segments. For management purposes, the Group is organised into business units by geographical areas in which the Company operates. The Company has 2 reportable segments based on location of the principal operations as follows: • Nigeria • Pan Africa In 2015, the group operated 3 reportable segments as follows: • Nigeria • West and Central Africa • South and East Africa 2016 2015 ₦’million 614,936 167 615,103 491,544 181 491,725 ₦’million 2016 2015 ₦’million 426,129 - 426,129 389,215 - 389,215 Annual Report 2016 171

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