INDUSTRIALS SECTOR » CONSTRUCTION & ENGINEERING INDUSTRY » ROADS

Roads Nigeria Plc (ROADS:Lagos)

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Financial Statements For Roads Nigeria Plc (ROADS)

Although debt as a percent of total capital increased at Roads Nigeria Plc over the last fiscal year to 25.94%,
it is still in-line with the Construction and Engineering industry's norm. However, there are not enough liquid
assets to satisfy current obligations. Cash Collection is a strong suit as the company is more effective than
most in the industry. As of the end of 2015, its uncollected receivables totaled 1.9B NGN, which, at the current
sales rate provides a Days Receivables Outstanding of 355.44. Last, inventories seem to be well managed as
the Inventory Processing Period is typical for the industry, at 42.16 days.

Annual Income Statement Balance Sheet Cash Flow

Mar 31 Mar 31 Mar 31 Mar 31 4 Year

Currency in 2012 2013 2014 2015 Trend
As of: Press NGN Reclassified NGN
Millions of Nigerian Nairas Release NGN
NGN

Assets        

Cash And Equivalents -- 183.6 128.6 12.2

TOTAL CASH AND SHORT TERM INVESTMENTS -- 183.6 128.6 12.2

Accounts Receivable -- 1,010.6 1,764.6 1,932.5

Other Receivables -- 20.0 20.0 14.5

TOTAL RECEIVABLES -- 1,030.7 1,784.6 1,947.0

Inventory -- 256.8 227.6 223.8

Other Current Assets -- 120.8 106.6 3.7

TOTAL CURRENT ASSETS -- 1,591.9 2,247.4 2,186.7

Gross Property Plant And Equipment -- 1,919.8 1,931.1 1,931.9

Accumulated Depreciation -- -1,278.5 -1,392.9 -1,503.1

NET PROPERTY PLANT AND EQUIPMENT -- 641.4 538.2 428.8

Long-Term Investments -- -- 130.0 130.0

Deferred Tax Assets, Long Term -- 225.7 246.3 312.5

Other Long-Term Assets -- 508.5 427.6 460.0

TOTAL ASSETS -- 2,967.4 3,589.4 3,518.0

       

LIABILITIES & EQUITY        

Accounts Payable -- 126.9 245.1 219.2

Accrued Expenses -- 968.1 1,172.5 1,483.9

Short-Term Borrowings -- -- 107.6 --

Current Portion Of Long-Term Debt/Capital Lease -- -- -- 82.6

 Current Income Taxes Payable -- 182.4 132.5 30.2

Other Current Liabilities, Total -- 119.7 71.0 88.2

Unearned Revenue, Current -- 998.9 1,184.4 1,179.2

TOTAL CURRENT LIABILITIES -- 2,396.0 2,913.1 3,083.3

Long-Term Debt -- -- -- 19.1

Deferred Tax Liability Non-Current -- 184.6 158.4 125.3

TOTAL LIABILITIES -- 2,580.6 3,071.5 3,227.7

Common Stock -- 10.0 10.0 10.0

Retained Earnings -- 376.8 501.8 268.2

Comprehensive Income And Other -- -- 6.1 12.1

TOTAL COMMON EQUITY -- 386.8 517.9 290.3

TOTAL EQUITY -- 386.8 517.9 290.3

TOTAL LIABILITIES AND EQUITY -- 2,967.4 3,589.4 3,518.0

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