Investor Presentaiton
Financial Performance
Strong cash from operations despite investments in inventory
FY2021 Net Cash from Operations (N'bn)
25.7
36.5
4.4
8.5
15.0
29.5
Profit for the year
Trade and other payables
Non-cash items
Net finance costs
Increase
(10.0)
FMN
Food and Agro-Allied Group
29.9
(79.9)
Income tax
FX gains or losses
Other WC items
Inventory
FY21NCFOA
Decrease
Total
Cash from operations of N30bn driven by strong sales and operational improvements across all the business segments
Inventory grew in line with the upward trend in revenue with overseas payables managed down to mitigate increase in foreign
exchange rate. Inventory as a proportion to sales in FY21 stood at 25% vs 20% last year
NCFOA- Net cash from operating activities
FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION FULL YEAR 2021
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