Investor Presentaiton
Cash Position
262% improvement in Bank deposits & Cash
CONSOLIDATED STATEMENT OF CASH FLOW (N'BN)
LOL
GOLDEN
FOODS
WOME of
BRAND
PASTA
GOLDEN PENNY
PASTA
MACARONI
ུ$
H1'24
H1'23 %Chg Q2'24
Q2'23 %Chg
Profit before changes in Working capital
42.1
45.8
(8) 26.3
24.0
Net changes in working capital
28.3
(38.6)
173
(13.5)
5.6
10
(340)
Other items
(14.8)
(13.1)
(13)
(14.8)
(13.1)
13
Net Cash from Operating activities
55.6
(6.0)
1,033
(2.0)
16.6
(112)
Cash Capex
(10.0)
(17.0)
41
(7.0)
(13.7)
49
Additions to PPE - CWIP
(8.3)
(10.8)
23
0.0
0.7
(94)
Acquisition of Honeywell
(14.4)
100
-
(0.3)
(100)
Other Investing Activities
0.9
0.0 2,784
1.2
2.7
(57)
Net Cash from Investing Activities
(17.4)
(42.2)
59
(5.8)
(10.6)
45
Net Proceeds from borrowings
133.3
89.7
49
106.7
26.9
297
Other financing activities
(34.6)
(22.3)
(55)
(18.0)
(14.2)
27
Net Cash from Financing Activities
98.7
67.4
46
88.8
12.7
600
Net cash flow for the period
136.8
19.3
611
81.0
18.7
334
Cash at beginning of the period
64.9
21.7
199
120.8
22.3
441
Bank Overdrafts
12.4
18.3
(32)
12.4
18.3
(32)
Bank deposits balances and cash
214.2
59.2
262
214.2
59.2
262
FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION H1'24
FMN
Food and Agro-Allied Group
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