Below are the financial statements of Dangote Cement, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of NGN | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Non-current assets | — | — |
| Property, plant and equipment | 3,271.32a | 2,383.53a |
| Intangible assets | 17a | 12.36a |
| Right-of-use assets | 70.43a | 51.32a |
| Investments in subsidiaries | 0a | 0a |
| Investment in associate | 3.01a | 2.61a |
| Lease receivables | 16.88a | 14.66a |
| Deferred tax assets | 19.43a | 25.93a |
| Prepayments | 48.58a | 39.31a |
| Receivables from related parties | 1,045.58a | 0a |
| Total non-current assets | 4,492.22a | 2,529.71a |
| Current assets | — | — |
| Inventories | 669.66a | 394.02a |
| Trade and other receivables | 116.74a | 73.22a |
| Prepayments and other current assets | 665.07a | 488.68a |
| Lease receivables | 7.89a | 4.06a |
| Current tax assets | 1.83a | 1.94a |
| Cash and cash equivalents | 449.83a | 447.1a |
| Total current assets | 1,911.02a | 1,409.01a |
| Total assets | 6,403.24a | 3,938.73a |
| Liabilities | — | — |
| Current liabilities | — | — |
| Trade and other payables | 992.12a | 619.9a |
| Lease liabilities | 5.86a | 4.1a |
| Current tax liabilities | 183.16a | 174.29a |
| Financial liabilities | 1,245.18a | 624.26a |
| Other current liabilities | 143.26a | 190.09a |
| Total current liabilities | 2,569.58a | 1,612.63a |
| Non-current liabilities | — | — |
| Deferred tax liabilities | 196.42a | 161.48a |
| Financial liabilities | 1,386.38a | 388.36a |
| Lease liabilities | 26.32a | 16.51a |
| Provisions | 31.93a | 21.2a |
| Deferred revenue | 0.76a | 0.51a |
| Employee benefit obligations | 16.6a | 12.19a |
| Total non-current liabilities | 1,658.41a | 600.25a |
| Total liabilities | 4,227.99a | 2,212.89a |
| Net assets | 2,175.25a | 1,725.84a |
| Equity | — | — |
| Share capital | 8.44a | 8.52a |
| Share premium | 42.01a | 42.43a |
| Treasury shares | -41.42a | -86.58a |
| Capital contribution | 2.88a | 2.88a |
| Currency translation reserve | 1,083.09a | 625.16a |
| Retained earnings | 1,027.05a | 1,098.63a |
| Equity attributable to owners of the company | 2,122.04a | 1,691.03a |
| Non-controlling interest | 53.2a | 34.81a |
| Total equity | 2,175.25a | 1,725.84a |
| Total equity and liabilities | 6,403.24a | 3,938.73a |
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