9519 DANGOTE CEMENT Q1 MARCH 2015 FINANCIAL STATEMENTS APRIL 2015

Satisfactory Essays
DANGOTE CEMENT PLC

INTERIM FINANCIAL STATEMENTS
31ST MARCH 2015

DANGOTE CEMENT PLC
31st March 2015

CONTENTS

PAGE

Independent auditor's review report

i

Condensed consolidated and separate statement of profit or loss and other comprehensive income

ii

Condensed consolidated and separate statement of financial position

iii

Condensed consolidated and separate statement of changes in equity

iv - v

Condensed consolidated and separate statement of cash flows

vi

Notes to the condensed consolidated financial statements

1 - 13

Dangote Cement Plc
Condensed consolidated and separate statement of profit or loss and other Comprehensive Income
For the period ended 31st March 2015

Notes

3 months ended 31/03/15

Group
3 months ended 31/03/14

Year ended
31/12/14

3 months ended 31/03/15

Company
3 months ended 31/03/14

Year ended
31/12/14

₦'000

₦'000

₦'000

₦'000

₦'000

₦'000

Revenue
Cost of sales

3 114,737,108
5 (39,997,279)

103,569,340
(35,936,010)

391,639,060
(143,057,897)

101,370,663
(30,569,274)

99,769,053
(32,229,810)

371,534,117
(128,583,576)

Gross profit

74,739,829

67,633,330

248,581,163

70,801,389

67,539,243

242,950,541

Administrative expenses

6

(6,248,024)

(5,375,866)

(24,084,249)

(4,216,187)

(4,283,520)

(17,364,004)

Selling and distribution expenses

7 (11,347,209)

(9,218,630)

(41,003,586)

(9,479,678)

(9,133,722)

(38,220,532)

Other income

8

1,294,633

1,512,355

3,608,671

164,652

1,498,596

3,541,936

58,439,229

54,551,189

187,101,999

57,270,176

55,620,597

190,907,941

9
28,001,322
9 (16,272,811)

1,650,289
(3,187,072)

30,565,122
(32,978,194)

31,999,549
(4,905,526)

3,648,770
(3,246,878)

42,498,705
(20,366,983)

Profit from operating activities
Finance income
Finance costs
Profit before tax

70,167,740

53,014,406

184,688,927

84,364,199

56,022,489

213,039,663

(1,548,845)

(5,394,530)

(25,187,434)

(1,687,284)

(5,543,027)

(27,225,540)

68,618,895

47,619,876

159,501,493

82,676,915

50,479,462

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