9519 DANGOTE CEMENT Q1 MARCH 2015 FINANCIAL STATEMENTS APRIL 2015
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
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