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NOTES TO THE CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2016 The following balances were outstanding at the end of the reporting period: Group Amounts owed by related parties Current Parent company Entities controlled by the parent company Affiliates and associates of parent company 31-Dec-16 ₦’million - 18,537 72 18,609 31-Dec-15 ₦’million - 8,169 474 8,643 Company Amounts owed by related parties Non-Current Entities controlled by the company 31-Dec-16 ₦’million 633,323 31-Dec-15 ₦’million 395,917 Amounts owed to related parties 31-Dec-16 ₦’million - 31-Dec-15 ₦’million - The above balances represents expenditures on projects in African countries. These are not likely to be repaid within the next twelve months and have been classified under non-current assets. Company Amounts owed by related parties Current Parent company Entities controlled by the parent company Affiliates and associates of the parent company 30.2 Loans from related parties Affiliates and associates of the parent company Entities controlled by the parent company Loans from parent company 31-Dec-16 ₦’million - 18,537 - 18,537 Group 31-Dec-16 ₦’million 9,794 130,000 76,095 31-Dec-15 ₦’million 657 - 176,189 31-Dec-15 ₦’million - 8,169 456 8,625 Amounts owed to related parties 31-Dec-16 ₦’million 8,003 1,237 5,497 14,737 Company 31-Dec-16 ₦’million 1,004 130,000 76,095 31-Dec-15 ₦’million 657 - 176,189 Except as described in note 24 (a), the Group has been provided loans at rates and terms comparable to the average commercial rate of interest terms prevailing in the market. The loans are unsecured. 31-Dec-15 ₦’million 7,256 1,035 13,822 22,113 Amounts owed to related parties 31-Dec-16 ₦’million 8,003 1,956 7,974 17,933 31-Dec-15 ₦’million 7,291 1,387 15,444 24,122 210 Annual Report 2016

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