JULI : QUARTER 1 - FINANCIAL STATEMENT FOR 2025

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[{"type":"text","content":"\n JULI PLC QUARTERLY REPORT\n \n \n FIRST QUARTER ENDED 31STMARCH 2025\n \n \n \n 19, KODESOH STREET IKEJA LAGOS STATE.\n \n JULI PLC\n \n \n STATEMENT OF FINANCIAL POSITION\n \n \n FIRST QUARTER 31st March, 2025\n \n \n NOTE\n \n \n 31st Mar.2025\n \n \n 31st Mar.2024\n \n \n 2025\n \n \n 2024\n \n \n ₦\n \n \n ₦\n \n \n ASSETS\n \n \n Non- Current Assets\n \n \n Property, Plant & Equipment\n \n \n 5\n \n \n 1,300\n \n \n 1,300\n \n \n Product Development Exps\n \n \n Goodwill\n \n \n 26,653,261\n \n \n -\n \n \n Investments\n \n \n 6\n \n \n 1,000,000\n \n \n 1,000,000\n \n \n Total Non-Current assets\n \n \n 27,654,561\n \n \n 1,001,300\n \n \n Current Assets\n \n \n Inventories\n \n \n 7\n \n \n 73,809,388\n \n \n 71,499,494\n \n \n Trade Receivables & Prepayments\n \n \n 8\n \n \n -\n \n \n -\n \n \n Cash & Cash Equivalents\n \n \n 9\n \n \n 4,949,816\n \n \n 12,660,477\n \n \n 78,759,204\n \n \n 84,159,971\n \n \n TOTAL ASSETS\n \n \n 106,413,765\n \n \n 85,161,271\n \n \n EQUITY AND LIABILITIES\n \n \n Share Capital\n \n \n 10a\n \n \n 274,995,625\n \n \n 100,000,000\n \n \n Share Premium\n \n \n 10b\n \n \n 524,986,874\n \n \n -\n \n \n Revaluation Reserve\n \n \n 11\n \n \n 1,701,099\n \n \n -\n \n \n Retained Earning\n \n \n 12\n \n \n (886,486,034)\n \n \n (986,486,034)\n \n \n (84,802,436)\n \n \n (886,486,034)\n \n \n Non-Current Liabilities\n \n \n Term Loan\n \n \n 13\n \n \n 145,171,490\n \n \n 139,889,371\n \n \n Deferred Taxation\n \n \n Current Liabilities\n \n \n Trade Payables & Accruals\n \n \n 14\n \n \n 19,493,795\n \n \n 12,508,538\n \n \n Other payables\n \n \n 14B\n \n \n 26,550,916\n \n \n 104,655,867\n \n \n Tax Payable\n \n \n 15\n \n \n -\n \n \n 17,493,000\n \n \n Related Party- MIDAS Investment Property\n \n \n 16\n \n \n -\n \n \n 697,100,529\n \n \n Related Party- TBT Nigeria Limited\n \n \n -\n \n \n Bank Overdraft\n \n \n 46,044,711\n \n \n 831,757,934\n \n \n TOTAL EQUITY & LIABILITIES\n \n \n 106,413,765\n \n \n 85,161,271\n \n \n }\n \n \n }\n \n \n Directors\n \n \n The Accounting Policies and notes form part of these Financial Statements\n \n \n Prince Julius Adelusi-Adeluyi, OFR, mni\n \n \n Chairman\n \n \n FRC/2013/NBA/00000004555\n \n \n Mrs Julia Omoshalewa Adelusi-Adeluyi\n \n \n Acting Managing Director\n \n \n FRC/2020/003/00000021997\n \n \n Osho Olaniyi Tho...

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