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NOTES TO THE CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2016 18. Prepayments 18.1 Prepayments for property, plant & equipment Non-current Advances to contractors Total non-current prepayments 18.2 Prepayments and other current assets Advances to contractors Deposits for import Deposit for supplies Rent, rates and insurance Total current prepayments Related Party Transactions Parent company Entities controlled by the parent company Affiliates and associates of parent company Total related party transactions Prepayments and other current assets Group 31-Dec-16 31-Dec-15 ₦’million 13,196 13,196 15,126 36,774 5,144 2,627 59,671 ₦’million 9,094 9,094 18,009 24,295 7,412 2,167 51,883 Company 31-Dec-16 31-Dec-15 ₦’million - - ₦’million - - 2,109 36,360 2,019 1,359 41,847 11,726 24,295 5,829 1,528 43,378 - - 18,537 72 18,609 78,280 8,169 474 8,643 60,526 - 18,537 - 18,537 60,384 - 8,169 456 8,625 52,003 Non-current advances to contractors represent various advances made to contractors for the construction of plants while current advances to contractors represent various advances made for the purchase of materials which were not received at the year end. 19. Inventories Finished product Work-in-progress Raw materials Packaging materials Consumables Fuel Spare parts Goods in transit Group 31-Dec-16 31-Dec-15 ₦’million 5,363 10,336 4,925 4,262 9,936 14,861 30,948 2,272 82,903 ₦’million 5,732 7,441 3,917 3,474 2,184 7,165 21,904 1,301 53,118 Company 31-Dec-16 31-Dec-15 ₦’million 3,310 3,734 1,456 2,636 7,931 11,465 24,926 392 55,850 ₦’million 4,118 2,220 2,516 1,299 2,006 5,943 20,163 104 38,369 The cost of inventories recognised as an expense during the year was ₦212.37 billion and ₦115.64 billion (2015: ₦116.72 billion and ₦79.75 billion) in the consolidated and separate financial statements respectively. 194 Annual Report 2016

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