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NOTES TO THE CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2016 25. Deferred revenue Group 31-Dec-16 31-Dec-15 ₦’million 25.1 Deferred revenue arising from government grant (refer to (a) below Current Non-current 1,446 1,446 374 1,072 1,446 ₦’million 1,390 1,390 415 975 1,390 Company 31-Dec-16 31-Dec-15 ₦’million 975 975 346 629 975 ₦’million 1,390 1,390 415 975 1,390 (a) The deferred revenue mainly arises as a result of the benefit received from government loans received in 2011 and 2012 (see note 24). The revenue was recorded in other income line. Movement in deferred revenue At 1st January Additions during the year Released to profit and loss account (Other income) Closing balance 25.2 Other current liabilities Current portion of deferred revenue Related party transactions Parent company Entities controlled by the parent company Affiliates and associates of parent company Total of related party transactions Other current liabilities 26. Provisions for liabilities and other charges Balance at beginning of the year Effect of foreign exchange differences Provisions made during the year Write back of provision no longer required Unwinding of discount Balance at the end of the year Group 31-Dec-16 31-Dec-15 ₦’million 1,390 473 1,863 (417) 1,446 374 8,003 1,956 7,974 17,933 18,307 Group 31-Dec-16 31-Dec-15 ₦’million 3,283 123 1,854 (1,984) 68 3,344 ₦’million 4,011 (44) 810 (1,532) 38 3,283 1,868 (478) 1,390 415 7,291 1,387 15,444 24,122 24,537 ₦’million 1,868 - Company 31-Dec-16 31-Dec-15 ₦’million 1,390 - 1,390 (415) 975 346 8,003 1,237 5,497 14,737 15,083 1,868 (478) 1,390 415 7,256 1,035 13,822 22,113 22,528 Company 31-Dec-16 31-Dec-15 ₦’million 619 - 1,615 - 68 2,302 ₦’million 295 - 286 - 38 619 ₦’million 1,868 - 200 Annual Report 2016

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