Investor Presentaiton
Cash Flow
PBT to Free Cash Flow
#mn, unless otherwise stated
Profit Before Tax from continuing operations
Profit/ (Loss) before tax from discontinued operations²
Non-Cash charges & other
Changes in working capital
Q1 2021
FY 2020
1,028
5,121
FY 20191
544
7,456
(14,696)
689
(1,636)
(1,117)
(13,737)
(5,193)
6,929
of which receivables
(1,245)
(1,838)
(2,177)
of which inventory
(13,867)
(3,888)
5,844
of which payables
1,155
70
2,663
of which other working capital items
219
463
600
Net cash from operations - continuing operations
(12,020)
(1,165)
(1,427)
Net cash from operations - discontinued operations
4,197
(84)
Cash taxes
(9)
(1,690)
(1,551)
Net cash flow generated from operating activities
(12,029)
1,342
(3,062)
Net CAPEX
(497)
(4,377)
(2,553)
Free Cash Flow
(12,526)
(3,035)
(5,615)
1.
FY 2019 classify MDS and UPDC as discontinued operations
since 1879
2.
FY 2020 profit from discontinued operations include N3bn gain on disposal of 8% interest in MDS and loss of UPDC to 31 October 2020
uac
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