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NOTES TO THE CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2016 11. Other income Group Insurance claims Government grant (Note 25.1) Sundry income* ₦’million 39 Company Year ended Year ended Year ended Year ended 31-Dec-16 31-Dec-15 ₦’million 48 31-Dec-16 31-Dec-15 ₦’million 42 417 10,077 10,542 * This represents provisions and other credit balances no longer required 12. Profit for the year Profit for the year includes the following charges: Group Company Depreciation of property, plant and equipment Amortisation of intangible assets Auditors’ fees Employee benefits expense Loss on disposal of property, plant and equipment Year ended Year ended Year ended Year ended 31-Dec-16 ₦’million 74,202 548 396 31-Dec-15 ₦’million 54,228 398 285 45,691 59 30,627 1 31 Dec 16 ₦’million 46,813 300 215 29,122 - 31-Dec-15 ₦’million 43,416 297 191 23,513 - 13. Earnings per share The earnings and weighted average number of ordinary shares used in the calculation of basic and diluted earnings per share are as follows: Group Company Profit for the year attributable to owners of the Company Weighted average number of ordinary shares for the purposes of basic and diluted earnings per share (million) Basic & diluted earnings per share (Naira) Year ended Year ended Year ended Year ended 31-Dec-16 31-Dec-15 ₦’million 193,302 ₦’million 184,994 17,041 11.34 17,041 10.86 31-Dec-16 31-Dec-15 ₦’million 368,205 17,041 21.61 ₦’million 213,171 17,041 12.51 478 3,434 3,951 415 4,309 4,766 ₦’million 30 478 1,640 2,148 178 Annual Report 2016

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