EUNISELL INTERLINKED PLC
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR 2ND QUARTER ENDED 31ST DECEMBER, 2022
(Figures in ₦'000) | ||||||
3 MONTHS | 3 MONTHS | 6 MONTHS | 6 MONTHS | |||
OCT-DEC 2022 | OCT-DEC 2021 | JUL-DEC 2022 | JUL-DEC 2021 | |||
₦'000 | ₦'000 | ₦'000 | ₦'000 | |||
REVENUE | 56,826 | 54,580 | 183,389 | 143,729 | ||
COST OF SALES | (30,340) | (35,310) | (124,705) | (72,409) | ||
GROSS PROFIT | 26,486 | 19,270 | 58,684 | 71,320 | ||
OPERATING EXPENSES | (17,258) | (16,887) | (34,023) | (33,939) | ||
OTHER INCOME | - | - | - | - | ||
PROFIT/(LOSS)FROM OPERATIONS | 9,228 | 2,383 | 24,661 | 37,381 | ||
FINANCE COST | (5,781) | (9,650) | (9,155) | (23,460) | ||
PROFIT BEFORE TAX | 3,447 | (7,267) | 15,506 | 13,921 | ||
TAXATION | - | - | - | - | ||
PROFIT/(LOSS) FOR THE PERIOD | 3,447 | (7,267) | 15,506 | 13,921 | ||
OTHER COMPREHENSIVE INCOME | ||||||
GAINS/LOSS ON PROPERTY REVALUATION | - | - | - | |||
EXCHANGE DIFF. FROM TRANSLATION OF FOREIGN ENTITY'S F/S | - | - | - | - | ||
GAINS/LOSS FROM VALUATION OF EQUITY INVESTMENT INSTRUMENT | - | - | - | - | ||
MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | - | - | - | - | ||
Total Comprehensive Income for the Year | 3,447 | (7,267) | 15,506 | 13,921 | ||
EUNISELL INTERLINKED PLC
UNAUDITED STATEMENT OF FINANCIAL POSITION
AS AT 31ST DECEMBER, 2022
(Figures in N'000) | ||||
NOTES | Unaudited | Audited | ||
31 DEC 2022 | 30 JUN 2022 | |||
Assets: | ₦'000 | ₦'000 | ||
Non-Current Assets: | ||||
Property, Plant and equipment | 1 | 18,100 | 17,360 | |
Current Assets: | ||||
Inventories | 390,866 | 318,020 | ||
Trade Receivables/Prepayment | 2 | 290,166 | 267,404 | |
Cash and Cash Equivalents | 6,992 | 584 | ||
688,024 | 586,008 | |||
Total Assets | 706,124 | 603,368 | ||
Equity and Liabilities | ||||
Equity | ||||
Share capital | 118,350 | 118,350 | ||
Retained earnings | (141,888) | (163,832) | ||
Other Components of Equity | 3 | 232,440 | 232,440 | |
Total Equity | 208,902 | 186,958 | ||
Non-Current Liabilities | ||||
Deferred Tax | 2,851 | 2,851 | ||
Current Liabilities | ||||
Trade and other payables | 4 | 187,997 | 121,033 | |
Current income tax liabilities | 1,809 | 1,809 | ||
Short term borrowings | 304,564 | 290,716 | ||
494,370 | 413,558 | |||
Total Equity and Liabilities | 706,124 | 603,368 | ||
Fabian C. Nnadozie | Chris Okoro | Temitope Olusoji |
Chairman | MD/CEO | Senior Finance Officer |
FRC2017/NSE/00000017392 | FRC/2019/002/0000074 | FRC/2020/004/00000022179 |
Approved by board on 25th January, 2023
STATEMENT OF CHANGE IN EQUITY
31ST DECEMBER, 2022
Share | Share | Retained | Other | Total | |
Capital | Premium | Earnings | Reserves | Equity | |
₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | |
Balance as at 1st Oct 2022 | 118,350 | 229,351 | (143,519) | 3,089 | 207,271 |
Profit for the period | - | - | 3,447 | - | 3,447 |
Balance as at 31st Dec 2022 | 118,350 | 229,351 | (140,072) | 3,089 | 210,718 |
STATEMENT OF CASH FLOWS | ||||
31ST DECEMBER, 2022 | ||||
Unaudited | Audited | |||
31 DEC 2022 | 30 JUN 2022 | |||
Notes | ₦'000 | ₦'000 | ||
Cash from operating activities | ||||
Profit before income tax | 15,506 | 9,282 | ||
Adjustments: | ||||
Interest income | - | - | ||
Interest expense | 9,155 | 17,820 | ||
Profit from asset disposal | - | - | ||
Depreciation | - | 4,049 | ||
Changes in working capital: | ||||
- | inventories | (72,846) | (16,332) | |
- | trade and other receivables | (22,762) | 61,100 | |
- | trade and other payables | 66,964 | (61,729) | |
Cash generated from operations | (3,983) | 14,190 | ||
Interest income received | - | - | ||
Interest expense paid | (9,155) | (17,820) | ||
Income tax paid | - | (2,655) | ||
VAT paid | - | - | ||
Net cash from/ (used in) operating activities | (13,138) | (6,285) | ||
Cash from investing activities | ||||
Purchase of property, plant and equipment | 5,698 | (5,692) | ||
- | - | |||
Proceeds from disposal of property, plant and | - | - | ||
Net cash from/ (used in) investing activities | 5,698 | (5,692) | ||
Cash from financing activities | ||||
Net proceeds / (repayment) on long term | - | - | ||
Net proceeds / (repayment) on short term | 13,848 | 7,222 | ||
Restricted cash | - | - | ||
Net cash from/ (used in) financing activities | 13,848 | 7,222 | ||
Net change in cash and cash equivalents | 6,408 | (4,756) | ||
Cash and cash equivalents at beginning of the | 584 | 5,340 | ||
Cash and cash equivalents at end of the year | 6,992 | 584 | ||
Represented By: | ||||
Cash and cash equivalents | 6,992 | 584 |
EUNISELL INTERLINKED PLC
NOTES TO THE ACCOUNTS
1 | PROPERTY, PLANT & EQUIPMENT | ||||||||
Leasehold | Motor | Plant & | Furniture & | Computer | Borehole | Total | |||
Improvement | Vehicle | Machinery | Equipment | Equipment | |||||
Cost/Valuation: | ₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | ||
Cost: | |||||||||
At October 1, 2022 | 7,065 | 5,477 | 15,247 | 15,795 | 9,677 | 330 | 53,591 | ||
Additions | - | - | - | - | - | ||||
At Dec 31, 2022 | 7,065 | 5,477 | 15,247 | 15,795 | 9,677 | 330 | 53,591 | ||
Depreciation: | |||||||||
At October 1, 2022 | 4,538 | 1,902 | 9,268 | 13,862 | 6,782 | 321 | 36,673 | ||
Charge for the period | - | - | - | ||||||
At Dec 31, 2022 | 4,538 | 1,902 | 9,268 | 13,862 | 6,782 | 321 | 36,673 | ||
Net Book Value: | |||||||||
At Dec 31, 2022 | 2,527 | 3,575 | 5,979 | 1,933 | 2,895 | 9 | 16,918 | ||
At Sept 30, 2022 | 2,527 | 3,575 | 5,979 | 1,933 | 2,895 | 9 | 16,918 | ||
Unadited | Audited | ||||||||
31 DEC '22 | 30 JUNE '22 | ||||||||
₦'000 | ₦'000 | ||||||||
2. Trade Receivables and Prepayments | |||||||||
Trade Receivables | 182,752 | 146,075 | |||||||
Other Receivables | 99,211 | 113,127 | |||||||
Prepayments | 8,203 | 8,203 | |||||||
290,166 | 267,405 | ||||||||
3. Other Components Of Equity | |||||||||
Share Premium | 229,351 | 229,351 | |||||||
Revaluation Reserve | 3,089 | 3,089 | |||||||
232,440 | 232,440 | ||||||||
4. Trade Creditors and Accruals | |||||||||
Trade Payables | 78,669 | 12,938 | |||||||
Other Payables | 52,767 | 51,533 | |||||||
Accruals | 56,561 | 56,561 | |||||||
187,997 | 121,032 | ||||||||
5. Revenue | |||||||||
Power products | 58,102 | 225,551 | |||||||
Oil & Gas | 125,197 | - | |||||||
Household | - | - | |||||||
183,299 | 225,551 | ||||||||
5. Operating Expenses | |||||||||
Employees Benefits | 16,594 | 22,433 | |||||||
Professional fees | 2,526 | 24,734 | |||||||
Repairs & Maintenance | 1,094 | 4,765 | |||||||
Other expenses | 13,809 | 5,847 | |||||||
34,023 | 57,779 | ||||||||
This is an excerpt of the original content. To continue reading it, access the original document here.