174
NOTES TO THE CONSOLIDATED AND SEPARATE FINANCIAL
STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2016
Significant non current assets by
country excluding deferred tax
Nigeria
South Africa
Senegal
Zambia
Ethiopia
Tanzania
Congo
Cameroun
Significant revenue by country (external customers)
Nigeria
Ghana
South Africa
Ethiopia
Zambia
Tanzania
Senegal
Cameroun
₦’million
1,282,708
75,248
72,201
88,913
112,680
104,342
70,748
35,568
2016 2015
₦’million
1,000,976
43,984
48,089
54,679
79,043
74,601
33,123
21,422
420,075
32,856
41,381
40,071
16,968
12,022
19,937
31,194
388,248
15,436
35,393
16,961
8,854
-
13,900
12,933
Revenues are attributed to individual countries based on the geographical location of external customers.
6.3 Eliminations and adjustments
Eliminations and Adjustments relate to the following:
• Profit/(loss) after tax of ₦143.0 billion (2015: ₦8.3 billion) is due to elimination of interest on inter-company loan,
trading activities and exchange differences reclassified to other comprehensive income.
• Non-current assets of ₦742.8 billion (2015: ₦442.9 billion) are due to the elimination of investment in subsidiaries
with the parent’s share of their equity and non current inter-company payable and receivable balances.
• Current assets of ₦17.4 billion (2015: ₦971.0 million) are due to the elimination of current inter-company payable
and receivable balances.
• Total liabilities of ₦650.4 billion (2015: ₦396.7 billion) are due to the elimination of inter-company due to and
due from subsidiaries.
• Finance income of ₦176.7 billion (2015: ₦6.0 billion) and finance cost of ₦32.9 billion (2015: ₦12.9 billion) is due to
the elimination of interest on inter-company loan and exchange differences reclassified to other comprehensive
income.
• Revenue of ₦6.1 billion (2015: ₦967 million) represents sales by the Nigeria region to the Pan Africa region.
In addition to the depreciation and amortisation reported above, a sum of ₦471 million (2015: ₦1,624 billion) in
the financial statements represents write off (impairment) in respect of property, plant and equipment. This
was attributable to the Nigerian and Pan African operations.
174
Annual Report 2016
175
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