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AUSTIN LAZ & COMPANY PLC
INTERIM STATEMENT OF AFFAIRS FOR THE FIRST QUARTER ENDED 31ST MARCH, 2022
SUMMARY
Austin Laz & Company Plc is currently undergoing operational challenges. Consequently, all production activities are in suspension pending the resolution of the challenges. Meanwhile, the company hereby presents the Statement of Affairs for the first quarter ended 31 March, 2022
RESULT Turnover
Jan - Mar 2022 N'000 -Year to dateAudited 31/12/2021
N'000 -
N'000 -
Profit before tax
Taxation
Profit/(loss) after tax
- - -
- - -
(44,568)
-
(44,568)By order of the Board
Barr. Ofor John Ifeanyi FRC/2016/NBA/0000001416
Company Secretary
Benin City
29 March 2022
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CONTENT
PAGESTATEMENT OF AFFAIRS 4
STATEMENT OF COMPREHENSIVE INCOME 5
NOTES TO THE STATEMENT 6-8
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AUSTIN LAZ & COMPANY PLC
INTERIM STATEMENT OF AFFAIRS FOR THE FIRST QUARTER ENDED 31ST MARCH, 2022
STATEMENT OF AFFAIRS AS AT 31 MARCH, 2022
NOTE First Quarter 2022
ASSETS
Non Current Assets Property, Plant & Equipment Intangibles
CURRENT ASSETS Inventories
Trade receivables
Cash and Cash Equivalent
Total Assets
EQUITY AND LIABILITIES: EQUITY
Authorized Share Capital Paid up Share Capital Capital Reserves Retained Earnings Equity attributable to owners of company
1 2
3 4 5
4
NON-CURRENT LIABILITIES:
Long Term Borrowing
Audited 12/31/2021
N'000
N'000
1,146,163 151,835
1,146,163 151,835
1,297,998 1,297,998
25,830 25,830
22,261 22,261
1,057 1,057
49,148 49,148
1,347,146
1,347,146
750,000 750,000
539,930 539,930
1,224,776 (467,032)
1,224,776 (467,032)
1,297,674 1,297,674
5
42,644 42,644
CURRENT LIABILITIES Trade Payable
Other Payable
Total Equity and Liabilities
7 6
1,857 1,857
4,971 4,971
6,828 6,828
1,347,146
1,347,146
29th March, 2022
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STATEMENT OF COMPREHENSIVE INCOME
NOTE
2022
2021
MAR N'000
JAN - MAR
N'000
MAR JAN - MAR N'000 N'000
Revenue Cost of Sales Gross Profit/(Loss)Administration Expenses Distribution Expenses Finance Cost
Profit before Tax Tax Provision Profit after Tax
DISCONTINUED OPERATION
Gain/(Loss) on discontinued operation net of tax
Net Profit for the Period OTHER COMPREHENSIVE INCOME NET OF TAX Total Comprehensive income for the Period
Basic Earning Per Share
8 10
Audited 12/31/2021
- -
- -- -
12 11 13
- -
N'000 - - -
- - -
- - -
- - -
-
- - -
(44,568)
-
- (44,568)
- (44,568)
-
---
- (44,568)
-
-
0.00
0.00
-
-
- 0.00
- (44,568)
0.00 (0.04)
Diluted Earning Per Share
-
-
-
- (0.04)
5
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