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Financials NOTES TO THE CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2016 Exploration Company Cost At 1st January, 2015 Balance at 31st December, 2015 Additions Balance at 31st December, 2016 Amortization At 1st January, 2015 Amortization expense Balance at 31st December, 2015 Amortization expense Balance at 31st December, 2016 Carrying amount: At 31st December, 2015 At 31st December, 2016 Computer software ₦’million 1,278 1,278 28 1,306 596 297 893 300 1,193 385 113 There are no development expenditure capitalised as internally generated intangible asset. assets ₦’million - - - - Total ₦’million 1,278 1,278 28 1,306 - - - - - 596 297 893 300 1,193 - - 385 113 Annual Report 2016 185

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