ABC TRANSPORT PLC
RC No 219970
Km 5 MCC Road, Umuoba, Uratta
P.O. Box 2575, Owerri, Imo State, Nigeria
Tel:083-300667, 083-300668
0805-3002000,083-9600958
e-mail-info@abctransport.com
Directors:Prince Olumide Obayomi(Chairman); Frank Nneji, Kabiru Yusuf; Mr Bamidele Asije; Mrs Ifeoma Adeoye,Mr Rex Okoro; Jude Nneji(MD/CEO)
TABLE OF CONTENTS
CONSOLIDATED AND SEPARATE STATEMENT OF | COMPREHENSIVE INCOME | 1-2 | |
CONSOLIDATED AND SEPARATE STATEMENT OF | FINANCIAL POSITION | 3 | |
CONSOLIDATED AND SEPARATE STATEMENT OF CASHFLOW | 4 | ||
CONSOLIDATED AND SEPARATE STATEMENT OF CHANGES IN EQUITY | 5 | ||
CONSOLIDATED AND SEPARATENOTE 1 | 6 -7 | ||
CONSOLIDATED AND SEPARATE NOTE 2-6 | 8 | ||
CONSOLIDATED AND SEPARATE NOTE 7-10 | 9 | ||
CONSOLIDATED AND SEPARATE NOTE 11-13 | 10 | ||
CONSOLIDATED AND SEPARATE NOTE 14-16 | 11 | ||
CONSOLIDATED AND SEPARATE NOTE 17 | 12 | ||
CONSOLIDATED AND SEPARATE NOTE 18-21 | 13 |
SEGMENT REPORT | 14- 15 |
DISCLOSURES 1-16 | 16-19 |
ABC TRANSPORT PLC | |||||
CONSOLIDATED AND SEPARATE STATEMENT OF PROFIT OR LOSS | |||||
AND OTHER COMPREHENSIVE INCOME | |||||
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 | |||||
Group | Company | ||||
2024 | 2023 | 2024 | 2023 | ||
Continuing operations | Notes | =N=000 | =N=000 | =N=000 | =N=000 |
Revenue from contract with customer | 14 | 8,053,667 | 4,787,965 | 3,921,116 | 2,317,952 |
Direct costs | 16 | (6,418,969) | (3,769,743) | (3,106,443) | (1,811,066) |
Gross profit | 1,634,698 | 1,018,222 | 814,673 | 506,886 | |
Administrative expenses | 17 | (1,672,642) | (883,124) | (544,429) | (469,864) |
(37,944) | 135,098 | 270,244 | 37,023 | ||
Other operating income | 15 | 309,686 | 83,754 | 183,162 | 102,322 |
Interest income | 18 | 21,050 | 0 | 0 | 0 |
Investment income | 0 | 0 | |||
Net fair value gains on financial assets | |||||
through profit or loss | 18 | 2,186 | 1,294 | 2,142 | 1,294 |
Impairment losses | 0 | 0 | |||
Other gains and losses | 19 | 68,696 | (256,044) | 22,472 | 234,000 |
Finance costs | 20 | (362,373) | (301,843) | (323,636) | (257,165) |
(Loss)/profit ) before income tax | 1,301 | (337,742) | 154,384 | 117,473 | |
Income tax expense | 11. | 125,095 | (65,370) | (96,004) | (56,907) |
(Loss)/profit from continuing operations | 126,396 | (403,112) | 58,380 | 60,566 |
Attributable to:
Equity shareholders
Non-controlling interests
Other Comprehensive income: | (0) |
Items that will not be reclassified subsequently to profit or loss:
Remeasurement of defined benefit obligation
Items that may be reclassified subsequently to profit or loss
Net exchange differences on translating foreign operations
Other comprehensive income
Total comprehensive (loss)/income for the year
0 | 0 | ||
78,666 | (161,584) | 58,380 | 60,566 |
47,730 | (241,528) | 0 | |
126,396 | (403,112) | 58,380 | 60,566 |
(201,860) (34,732)
(201,860) (34,732)
(75,464) | (437,844) | 58,380 | 60,566 |
Attributable to: | 0 | 0 | ||
Equity shareholders | (121,175) | (161,584) | 58,380 | 60,566 |
Non-controlling interests | 45,711 | (241,528) | 0 | |
(75,464) | (403,112) | 58,380 | 60,566 | |
Basic earnings per share(kobo) | 5 | (17) | 2.44 | 3 |
Diluted earnings per share(kobo) | 5 | (17) | 2.44 | 3 |
The accompanying notes and statement of material accounting policy information
1
ABC TRANSPORT PLC CONSOLIDATED AND SEPARATE INCOME STATEMENT FOR JULY TO SEPTEMBER 30, 2024
Note | |
CONTINUING OPERATIONS | |
Revenue from contract with customer | 14 |
Cost of sales | 16 |
Gross profit | |
Admistrative expenses | 17 |
Other operating income | 15 |
Interest income | 18 |
Net fair value gains/(losses) on financial assets at fair valuethro
Impairment lossesOther gains and losses | 19- |
Other gains and losses | |
Financing costs | 20 |
Group | Group | Company | |
2024 | 2023 | 2024 | 2023 |
=N='000 | =N='000 | =N='000 | =N='000 |
2,964,333 | 1,637,373 | 1,464,551 | 881,790 |
(2,502,454) | (1,284,194) | (1,131,498) | (672,381) |
461,878 | 353,179 | 333,052 | 209,409 |
(510,773) | (353,004) | (189,195) | (197,376) |
159,453 | (8,956) | 68,123 | 32,460 |
20,450 | 0 | 0 | 0 |
946 | 375 | 902 | 375 |
0 | 0 | ||
36,806 | (220,014) | (16,329) | 69,155 |
(111,224) | (102,787) | (99,538) | (81,165) |
Profit before taxation | 57,537 | (331,208) | 97,016 | 32,859 | |
Income tax expenses(provision | 11 | 260,325 | 5,472 | (54,162) | (22,970) |
Profit from continuing operations | 317,861 | (325,736) | 42,854 | 9,889 | |
Attributable to: Equity shareholders | 175,714 | (152,339) | 42,854 | 9,889 | |
Non-controlling interests | 142,147 | (173,397) | 0 | ||
317,861 | (325,736) | 42,854 | 9,889 | ||
Gains/(losses on revaluation of PPE | 0 | 0 | |||
Foreign exchange translation reserve, net of tax | (57,930) | (5,131) | 0 | ||
Net actuarial gains/(losses) on defined benefit plans | 0 | 0 | |||
foreign exchange gains/(losses) transferred to the income statement | 0 | 0 | |||
others | 0 | 0 |
Total comprehensive income/(loss) for the period Attributable to: Equity shareholders Equity shareholders Non-contollinginterests
259,931 | (330,867) | 42,854 | 9,889 |
118,363 | (157,419) | 42,854 | 9,889 |
(141,567) | (173,448) | 0 | |
(23,204) | (330,867) | 42,854 | 9,889 |
2 |
ABC TRANSPORT PLC | |||||||
CONSOLIDATED AND SEPARATE STATEMENT OF FINANCIAL POSITION | |||||||
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 | |||||||
31-12-23 | |||||||
Group | GROUP | Company | |||||
2024 | 2023 | 2023 | 2024 | 2023 | |||
Note | N'000 | N'000 | N'000 | N'000 | N'000 | ||
Non-current assets | |||||||
Property, plant and equipment | 1 | 4,176,664 | 3,581,453 | 4,451,927 | 3,071,917 | 2,603,885 | |
Intangible assets | 12 | 26,880 | 25,975 | 23,829 | 26,284 | 25,890 | |
Right of use assets | 29,861 | 29,861 | 26,557 | - | - | ||
Investment in subsidiaries | - | - | - | 141,470 | 141,470 | ||
Financial assets - FVOCI | 1,845 | 1,845 | 1,845 | 1,845 | 1,845 | ||
Financial assets - FVPL | 17,922 | 18,867 | 15,779 | 17,922 | 18,867 | ||
Deferred tax asset | 411,997 | 59,864 | 59,865 | 59,864 | 59,864 | ||
Total non-current assets | 4,665,169 | 3,717,866 | 4,579,801 | 3,319,302 | 2,851,821 | ||
Current assets | |||||||
Inventories | 2 | 868,485 | 928,358 | 1,007,481 | 294,752 | 258,680 | |
Trade and other receivables | 4 | 335,438 | 329,243 | 398,011 | 391,591 | 456,123 | |
Other assets | 5 | 980,932 | 1,305,692 | 817,031 | 402,583 | 398,151 | |
Cash and Cash equivalents | 6 | 230,077 | 362,896 | 215,768 | 73,725 | 7,445 | |
Current Tax asset | 4,027 | 4,058 | 5,405 | - | - | ||
Total current assets | 2,418,959 | 2,930,744 | 2,443,696 | 1,162,650 | 1,120,398 | ||
Total assets | 7,084,127 | 6,648,610 | 7,023,497 | 4,481,953 | 3,972,220 | ||
Equity and reserves | |||||||
Issued share capital | 1,196,311 | 1,196,311 | 1,196,311 | 1,196,311 | 1,196,311 | ||
Share premium | 434,607 | 434,607 | 434,607 | 434,607 | 434,607 | ||
Retained earnings | (967,151) | (996,185) | (1,045,817) | (600,829) | (710,724) | ||
Other comprehensive income reserve | (262,172) | (32,337) | (62,331) | 18,188 | 18,188 | ||
Shareholder's fund | 401,595 | 602,396 | 522,770 | 1,048,277 | 938,382 | ||
Non-controlling interests | 138,543 | 216,828 | 92,832 | - | - | ||
Total equity and reserves | 540,138 | 819,225 | 615,602 | 1,048,277 | 938,382 | ||
Non-current liabilities | |||||||
Loans and borrowings | 10a | 1,031,485 | 1,269,742 | 1,666,595 | 942,259 | 923,288 | |
Provisions | 9 | 157,658 | 71,471 | 63,635 | 157,658 | 71,471 | |
Deferred tax liabilities | 61,912 | 27,695 | 27,695 | - | - | ||
Total non-current liabilities | 1,251,055 | 1,368,908 | 1,757,925 | 1,099,917 | 994,759 | ||
Current liabilities | |||||||
Loans and borrowings | 10b | 710,273 | 559,292 | 814,059 | 686,698 | 508,585 | |
Post employment benefits - defined contribution | 365,491 | 335,187 | 343,028 | 365,491 | 335,187 | ||
Post employment benefits - defined benefits | 13 | 108,733 | 133,894 | 129,871 | 106,771 | 132,020 | |
Current tax liabilities | 11 | 477,919 | 462,180 | 441,332 | 195,580 | 150,969 | |
Trade and other payables | 7 | 3,494,214 | 2,765,325 | 2,764,085 | 865,355 | 789,686 | |
Contract laibilities | 8 | 136,304 | 163,668 | 157,598 | 113,863 | 122,632 | |
Overdraft | 0 | 40,931 | - | - | - | ||
Total current liabilities | 5,292,935 | 4,460,477 | 4,649,973 | 2,333,759 | 2,039,079 | ||
Total Liabilities | 5,292,935 | 4,460,477 | 4,649,970 | 2,333,759 | 2,039,079 | ||
Total equity and liabilities | 7,084,128 | 6,648,610 | 7,023,497 | 4,481,953 | 3,972,220 |
The consolidated and Separate financial statements were approved by the Board of Directors on 28th October 2024 and signed on its behalf by:
Managing Director/CEO FRC/2015/PCNNG/00000011844
Chief Financial Officer FRC/2014/ICAN/00000007350
The accompanying notes and statement of material accounting policy information form an integral part of these consolidated and separate financial statements.
3
ABC TRANSPORT PLC | ||||||
CONSOLIDATED AND SEPARATE STATEMENT OF CASH FLOWS | ||||||
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 | ||||||
Group | Company | |||||
2024 | 2023 | 2024 | 2023 | |||
=N=000 | =N=000 | =N=000 | =N=000 | |||
Cash flow from operating activities | 1,303,532 | 782,831 | 1,018,081 | 478,863 | ||
Interest paid | ||||||
Income tax paid | ||||||
Net cash inflow(outflow) from operating activities | 1,303,532 | 782,831 | 1,018,081 | 478,863 | ||
Cash flow from investing activities: | ||||||
Investments in financial assets | ||||||
Investments in financial assets(withdrawal) | ||||||
Investment in finance lease receivables | ||||||
Purchase of Property,plant and equipment | (269,433) | (101,560) | (132,761) | (68,509) | ||
Purchase of Intangible assets | (17,274) | (6,000) | (17,274) | (6,000) | ||
other movement in PPE | 0 | |||||
Investment in Subsidiaries(ABC Cargo Express) | (100,000) | |||||
Transfers from finance lease receivables(Net) | 0 | |||||
Tranfers to Associated Coy | 0 | 0 | ||||
Sale of property, plant and equipment/Assets Held-fo | 89,752 | 139,401 | 6,361 | 131,744 | ||
Proceed from investment | ||||||
Sale of available-for-sale financial assets | ||||||
Dividends received | ||||||
Interest received | 23,236 | 1,294 | 2,142 | 1,294 | ||
Cash received from Investment in finance leases | ||||||
Borrowing cost on fixed assets addition | ||||||
Net cash inflow(outflow) from investing activities | (173,719) | 33,135 | (141,532) | (41,471) | ||
Cash flows from financing activities: | ||||||
Issue of shares | ||||||
Borrowings/leases-Additions | ||||||
Repayment of borrowings | (738,895) | (289,437) | (541,568) | (228,707) | ||
Repayment of finance Lease obligations | ||||||
Finance Charges | (362,373) | (301,843) | (323,636) | (257,165) | ||
Dividends paid to the company's shareholders | ||||||
Dividends paid to non-controlling interests | ||||||
Net cash inflow(outflow) from financing activities | (1,101,268) | (591,280) | (865,204) | (485,872) | ||
Net increase(decrease) in cash and cash equivale | 28,545 | 224,686 | 11,345 | (48,480) | ||
Cash and cash equivalents at 1 January | 201,531 | 97,279 | 62,380 | 55,926 | ||
Cash and cash equivalents at 30/09/2024 | 230,077 | 321,964 | 73,725 | 7,445 |
N:B :Overdaft is considered as part of cash and cash equivalents
ABC TRANSPORT PLC
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 Attributable to equity holiders- the Group
At 1 January 2023
Changes in equity for 2023
Profit for the year
Remeasurement of defined benefit obligation Net exchange differences on translating foreign operations
Net fair values loss on equity investments designated at FVOCI
Dividend paid
SEPTEMBER 30, 2023
Issued | Non | ||||||||
share | Share | Retained | OCI | controlling | |||||
capital | premium | earnings | reserves | Total | |||||
interests | |||||||||
=N=000 | =N=000 | =N=000 | =N=000 | =N=000 | =N=000 | ||||
1,196,311 | 434,607 | 0 | (834,601) | 0 | 2,048 | 458,703 | 1,257,069 | ||
(161,584) | - | - | - | (241,528) | (403,112) | ||||
(34,385) | (347) | (34,732) | |||||||
1,196,311 | 434,607 | (996,185) | 0 | (32,337) | 0 | 216,828 | 0 | 819,225 | |
As at 1 January 2024
Profit for the year
Remeasurement of defined benefit obligation Net exchange differences on translating foreign operations
Net fair values loss on equity investments designated at FVOCI
Net Acturial loss transferred to equity upon cessation
Transactions with owners, recorded directly in equity:
Dividend paid
SEPTEMBER 30, 2024
1,196,311 | 434,607 | (1,045,817) | (62,331) | 92,832 | 615,602 |
78,666 | 47,730 | 126,396 | |||
0 | |||||
(199,841) | (2,019) | (201,860) |
1,196,311 | 434,607 | 0 | (967,151) | (262,172) | 138,543 | 540,138 |
ABC TRANSPORT PLC
SEPARATE STATEMENT OF CHANGES IN EQUITY FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 Attributable to equity holiders- the Company
At 1 January 2023
Changes in equity for 2023
Profit/(Loss) for the year
Remeasurement of defined benefit obligation Net exchange differences on translating foreign operations
Net fair values loss on equity investments designated at FVOCI
Transactions with owners, recorded directly in equity:
Dividend paid
SEPTEMBER 3O, 2023
As at 1 January 2024
Changes in equity for 2024
Profit/(Loss) for the year
Remeasurement of defined benefit obligation Net exchange differences on translating foreign operations
Right issue/expenses
Net fair values loss on equity investments Net fair values loss on equity investments Transactions with owners, recorded directly in equity:
Dividend paid
SEPTEMBER 30, 2024
Issued | |||||
share | Share | Retained | OCI | ||
capital | premium | earnings | reserves | Total | |
=N=000 | =N=000 | =N=000 | =N=000 | =N=000 | |
1,196,311 | 434,607 | 0 | (771,290) | 18,188 | 877,816 |
60,566 | 60,566 |
1,196,311 | 434,607 | (710,724) | 18,188 | 938,382 | ||
1,196,311 | 434,607 | 0 | (659,209) | 18,188 | 0 | 989,897 |
0 | ||||||
58,380 | 58,380 |
1,196,311 | 434,607 | 0 | (600,829) | 0 | 18,188 | 0 | 1,048,277 |
The accompanying notes and statement of material accounting policy information form an integral part of these consolidated and separate financial statements.
5
ABC TRANSPORT PLC | ||||||||||
CONSOLIDATED AND SEPARATE UNAUDITED INTERIM FINANCIAL STATEMENTS | ||||||||||
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 | ||||||||||
NOTES TO THE ACCOUNTS | ||||||||||
1 PROPERTY,PLANT AND EQUIPMENT | GROUP | |||||||||
MOTOR | EQUIP, FURN & | |||||||||
VEHICLE | & FITTINGS | COMPUTERS LAND | BUILDINGS WIP | TOTAL | Right of Use-TSS | Total | ||||
COST/REVALUATION: | =N=000 | =N=000 | =N=000 | =N=000 | =N=000 | =N=000 | =N=000 | =N=000 | =N=000 | |
BALANCE 01/01/2024 | 6,837,735 | 585,198 | 105,264 | 299,528 | 1,378,432 | 831,164 | 10,037,321 | 89,288 | 89,288 | |
ADJUSTMENT | 0 | 0 | ||||||||
ADDITIONS/REVALUATION | 169,218 | 49,781 | 3,205 | 3,102 | 44,127 | 269,433 | ||||
TRANS & RECLASSIFICATION | (13,224) | (13,224) | ||||||||
DISPOSALS/ADJUSTMENT | (22,643) | (758) | (23,401) | |||||||
TRANSFERS FROM WIP | 0 | |||||||||
BALANCE 30/9/2024 | 6,971,086 | 634,221 | 108,469 | 299,528 | 1,381,534 | 875,291 | 10,270,129 | 89,288 | 89,288 | |
DEPRECIATION: | ||||||||||
BALANCE 01/01/2024 | 4,064,620 | 484,114 | 82,358 | 954,303 | 5,585,395 | 62,731 | 62,731 | |||
ADJUSTMENT | ||||||||||
CHARGE | 467,818 | 29,657 | 5,979 | 40,244 | 543,698 | 8,594 | 8,594 | |||
ELIMINATED ON DISPOSAL | (35,628) | 0 | 0 | (35,628) | ||||||
DISPOSAL/ADJUSTMENT | 0 | |||||||||
TRANSFER TO FLR/ASSO | 0 | |||||||||
DERECOGNISED | 0 | |||||||||
BALANCE 30/9/2024 | 4,496,810 | 513,771 | 88,337 | 994,547 | 6,093,465 | 71,325 | 71,325 | |||
AT 30/9/2023 | 1,911,067 | 95,894 | 21,774 | 299,529 | 436,598 | 816,591 | 3,581,453 | 29,861 | 29,861 | |
AT 30/9/2024 | 2,474,276 | 120,450 | 20,132 | 299,528 | 386,987 | 875,291 | 4,176,664 | 17,963 | 17,963 | |
5 |
PARENT | |||||||
MOTOR VEHI EQUIP, FURN | COMPUTERS LAND | BUILDINGS WIP | TOTAL | ||||
& FITTINGS | |||||||
COST/REVALUATION: | =N=000 | =N=000 | =N=000 | =N=000 | =N=000 | =N=000 | =N=000 |
BALANCE 01/01/2024 | 6,604,834 | 476,999 | 104,515 | 179,528 | 1,378,433 | 8,744,309 | |
ADJUSTMENT | 60 | 60 | |||||
ADDITIONS/REVALUATION | 60,175 | 49,531 | 3,200 | 3,102 | 16,753 | 132,761 | |
TRANS & RECLASSIFICATION | |||||||
DISPOSALS/ADJUSTMENT | (22,643) | (758) | (23,401) | ||||
TRANSFERS FROM WIP | |||||||
BALANCE 30/9/2024 | 6,642,366 | 525,832 | 107,715 | 179,528 | 1,381,535 | 16,753 | 8,853,729 |
DEPRECIATION: | |||||||
BALANCE 01/01/2024 | 3,852,914 | 410,703 | 82,333 | 954,303 | 5,300,253 | ||
ADJUSTMENT | 0 | ||||||
CHARGE | 341,279 | 14,254 | 5,978 | 40,244 | 401,755 | ||
TRANSFERS | 95,499 | 7,467 | 102,966 | ||||
ELIMINATED ON DISPOSAL | (22,405) | -758 | (23,163) | ||||
DISPOSAL/ADJUSTMENT | 0 | ||||||
TRANSFER TO FLR/ASSO | 0 | ||||||
DERECOGNISED | 0 | ||||||
BALANCE 30/9/2024 | 4,267,287 | 431,666 | 88,311 | 994,547 | 5,781,811 | ||
AT 30/9/2023 | 1,909,437 | 55,855 | 21,774 | 179,528 | 436,598 | 693 | 2,603,885 |
AT 30/9/2024 | 2,375,079 | 94,166 | 19,404 | 179,528 | 386,988 | 16,753 | 3,071,918 |
INTANGIBLES | |||||||
GROUP | GROUP | COMPANY | COMPANY | ||||
2024 | 2023 | 2024 | 2023 | ||||
=N=000 | =N=000 | =N=000 | =N=000 | ||||
BALANCE 01/01/2024 | 23,992 | 29,084 | 22,995 | 28,627 | |||
ADDITIONS | 17,274 | 3,075 | 17,274 | 3,075 | |||
ADJUSTMENT | - | (112) | - | - | |||
ACCUMULATED DEP/AMORTIZA | (14,385) | (5,835) | (13,984) | (5,605) | |||
BALANCE 30/9/2024 | 26,880 | 26,212 | 26,284 | 26,097 |
6
ABC TRANSPORT PLC
CONSOLIDATED AND SEPARATE UNAUDITED INTERIM FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024
NOTES TO THE ACCOUNTS
GROUP | COMPANY | |||
2 INVENTORY | 2024 | 2023 | 2024 | 2023 |
=N=000 | =N=000 | =N=000 | =N=000 | |
Motor vehicle spares | 203,612 | 185,449 | 203,612 | 185,449 |
Fuel and diesel | 56,725 | 44,779 | 56,725 | 44,779 |
Stationeries and printed materials | 10,532 | 17,816 | 10,532 | 17,816 |
Oil and lubricants | 19,516 | 7,299 | 19,516 | 7,299 |
Snacks and fruit drinks | 7 | 23 | 7 | 23 |
Uniform and promotional materials | 1,519 | 1,320 | 1,519 | 1,320 |
Sanitation materials | 232 | 273 | 232 | 273 |
City Transit Inn (CTI) | 2,610 | 1,720 | 2,610 | 1,720 |
Transit Support Services (TSS) | 573,733 | 669,678 | - | - |
868,485 | 928,358 | 294,752 | 258,680 | |
- NON CURRENT ASSETS HELD FOR SALE MOTOR VEHICLES
OTHERS - TRADE AND OTHER RECEIVABLES
ACCOUNTS RECEIVABLE | 192,463 | 185,985 | 84,197 | 17,365 | |
STAFF DEBTS | 97,899 | 110,000 | 70,671 | 79,990 | |
ABC GHANA LTD | - | - | 192,015 | 179,943 | |
OTHER RECEIVABLES | 41,311 | 450 | 21,028 | 450 | |
TRANSIT SUPPORT SERVICES LIMITED | 0 | 0 | 27,714.9 | 83,891 | |
ABEX EXPRESS | 1,651 | 1,651 | 1,650.8 | 1,651 | |
ABC CARGO EXPRESS | - | - | (5,686) | 92,833 | |
CURRENT ACCTS | 2,114 | 31,158 | - | ||
335,438 | 329,244 | 391,591 | 456,123 | ||
5 OTHER CURRENT ASSETS | |||||
PREPAID RENT | 91,449 | 64,709 | 22,771 | 20,584 | |
PREPAID INSURANCE | 30,837 | 15,720 | 29,646 | 15,228 | |
WITHOLDING TAX RECOVERABLE | 398,538 | 547,100 | 350,166 | 362,338 | |
DEPOSIT WITH SUPPLIERS | 449,990 | 495,758 | - | - | |
OTHERS | 10,117 | 182,404 | - | - | |
980,932 | 1,305,692 | 402,583 | 398,151 | ||
6 CASH AND CASH EQUIVALENTS | |||||
CASH IN HAND | 64,468 | 27,864 | 27,204 | 14,509 | |
CASH AT BANK | 165,609 | 335,032 | 46,521 | (7,064) | |
OVERDRAFT | 0 | (40,931) | - | - | |
230,077 | 321,965 | 73,725 | 7,445 | ||
8 |
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