EUNISELL INTERLINKED PLC
UNAUDITED ACCOUNTS FOR THE PERIOD ENDED
31ST MARCH 2023
EUNISELL INTERLINKED PLC | ||||||||
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR 3RD QUARTER ENDED 31ST MARCH 2023 | ||||||||
(Figures in ₦'000) | ||||||||
3 MONTHS | 3 MONTHS | 9 MONTHS | 9 MONTHS | |||||
JAN'23-MAR'23 | JAN'22-MAR'22 | JUL'22-MAR'23 | JUL'21-MAR'22 | % | ||||
₦'000 | ₦'000 | ₦'000 | ₦'000 | |||||
REVENUE | 23,055 | 30,116 | 206,444 | 173,845 | 19% | |||
COST OF SALES | (12,592) | (13,915) | (137,297) | (86,324) | 59% | |||
GROSS PROFIT | 10,463 | 16,201 | 69,147 | 87,521 | -21% | |||
OPERATING EXPENSES | (17,244) | (18,486) | (51,267) | (52,425) | -35% | |||
OTHER INCOME | - | - | - | - | ||||
PROFIT/(LOSS)FROM OPERATIONS | (6,781) | (2,285) | 17,880 | 35,096 | 218% | |||
FINANCE COST | (5,611) | (5,496) | (14,766) | (28,956) | 199% | |||
PROFIT BEFORE TAX | (12,392) | (7,781) | 3,114 | 6,140 | 66% | |||
TAXATION | - | - | - | - | ||||
PROFIT/(LOSS) FOR THE PERIOD | (12,392) | (7,781) | 3,114 | 6,140 | 66% | |||
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 | (12,392) | (7,781) | 3,114 | 6,140 | 66% | |||
EUNISELL INTERLINKED PLC
UNAUDITED STATEMENT OF FINANCIAL POSITION
AS AT 31ST MARCH 2023
(Figures in N'000) | |||||
NOTES | 9 MONTHS | Audited | |||
31 MAR'2023 | 30 JUN 2022 | ||||
Assets: | ₦'000 | ₦'000 | |||
Non-Current Assets: | |||||
Property, Plant and equipment | 1 | 18,100 | 17,360 | ||
Current Assets: | |||||
Inventories | 275,062 | 318,020 | |||
Trade Receivables/Prepayment | 2 | 299,941 | 267,404 | ||
Cash and Cash Equivalents | 7,654 | 584 | |||
582,657 | 586,008 | ||||
Total Assets | 600,757 | 603,369 | |||
Equity and Liabilities | |||||
Equity | |||||
Share capital | 118,350 | 118,350 | |||
Retained earnings | (155,911) | (163,832) | |||
Other Components of Equity | 3 | 232,440 | 232,440 | ||
Total Equity | 194,879 | 186,957 | |||
Non-Current Liabilities | |||||
Deferred Tax | 2,851 | 2,851 | |||
Current Liabilities | |||||
Trade and other Payables | 4 | 294,489 | 121,033 | ||
Current income tax liabilities | 3,974 | 1,809 | |||
Short-term Borrowings | 104,564 | 290,716 | |||
403,027 | 413,558 | ||||
Total Equity and Liabilities | 600,757 | 603,367 | |||
Fabian C. Nnadozie | Chris Okoro | Temitope Olusoji |
Chairman | MD/CEO | Chief Financial Officer (CFO) |
FRC2017/NSE/00000017392 | FRC/2019/002/0000074 | FRC/2020/004/00000022179 |
Approved by the Board | ||
20th April 2023 |
STATEMENT OF CHANGE IN EQUITY
31ST MARCH 2023
Share | Share | Retained | Other | Total | |
Capital | Premium | Earnings | Reserves | Equity | |
₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | |
Balance as at 1st Jan 2023 | 118,350 | 229,351 | (143,519) | 3,089 | 207,271 |
Profit for the period | - | - | (12,392) | - | (12,392) |
Balance as at 31st Mar 2022 | 118,350 | 229,351 | (155,911) | 3,089 | 194,879 |
STATEMENT OF CASH FLOWS | ||||
31ST MARCH, 2023 | ||||
Unaudited | Audited | |||
31 MAR'2023 | 30 JUN 2022 | |||
Notes | ₦'000 | ₦'000 | ||
Cash from operating activities | ||||
Profit before income tax | 3,114 | 16,598 | ||
Adjustments: | ||||
Interest income | - | - | ||
Interest expense | 14,766 | 38,654 | ||
Profit from asset disposal | - | - | ||
Depreciation | - | 2,686 | ||
Changes in working capital: | ||||
- | inventories | 42,958 | (93,180) | |
- | trade and other receivables | (32,537) | (75,048) | |
- | trade and other payables | 173,456 | (6,173) | |
Cash generated from operations | 201,757 | (116,463) | ||
Interest income received | - | - | ||
Interest expense paid | (14,766) | (38,654) | ||
Income tax paid | (1,539) | (6,312) | ||
VAT paid | - | - | ||
Net cash from/ (used in) operating activities | 185,452 | (161,429) | ||
Cash from investing activities | ||||
Purchase of property, plant and equipment | - | 10,021 | ||
- | - | |||
Proceeds from disposal of property, plant and | - | - | ||
Net cash from/ (used in) investing activities | - | 10,021 | ||
Cash from financing activities | ||||
Net proceeds / (repayment) on long term | - | - | ||
Net proceeds / (repayment) on short term | (178,383) | 175,979 | ||
Restricted cash | - | - | ||
Net cash from/ (used in) financing activities | (178,383) | 175,979 | ||
Net change in cash and cash equivalents | 7,069 | 4,528 | ||
Cash and cash equivalents at beginning of the year | 584 | 812 | ||
Cash and cash equivalents at end of the year | 7,654 | 5,340 | ||
Represented By: | ||||
Cash and cash equivalents | 7,654 | 584 |
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