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Financials NOTES TO THE CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2016 2015 Segment Results Nigeria Revenue EBITDA* Depreciation & amortisation Operating profit Other Income Finance income Finance costs Profit/(loss) after tax ₦’million 389,215 247,479 43,713 203,766 2,148 54,348 27,479 223,239 Pan Africa ₦’million 103,477 25,070 11,740 13,330 1,803 (46,415) 18,901 (23,594) * represents earnings before interest, taxes, depreciation & amortisation Central administrative costs were included as part of Nigeria in prior periods Segment assets & liabilities Non-current assets Current assets Total Assets Segment liabilities Net additions to non-current assets, excluding deferred tax 1,011,889 112,586 1,124,475 375,996 168,574 375,945 54,365 430,310 486,911 57,893 - - - - - (442,871) (971) (443,842) (396,684) (126,953) 944,963 165,980 1,110,943 466,223 99,514 The accounting policies of the reportable segments are the same as the Group’s accounting policies described in Note 2. Each segment bears its administrative costs and there are no allocations from central administration. This is the measure reported to the Chief Operating Decision Maker for the purposes of resource allocation and assessment of segment performance. Group financing (including finance income and finance costs) and income taxes are managed at an individual company level. Administrative costs ₦’million - (10,068) - (10,068) - - - (10,068) Eliminations ₦’million (967) (33) (827) 794 - 6,016 (12,903) (8,254) Tota ₦’million 491,725 262,448 54,626 207,822 3,951 13,949 33,477 181,323 Annual Report 2016 173

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