EUNISELL INTERLINKED PLC
UNAUDITED ACCOUNTS FOR THE PERIOD ENDED
30TH JUNE 2022
EUNISELL INTERLINKED PLC
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR 12 MONTHS ENDED 3OTH JUNE, 2022
(Figures in ₦'000) | |||
Unaudited | Audited | ||
JUNE 2022 | JUNE 2021 | ||
₦'000 | ₦'000 | ||
REVENUE | 196,399 | 225,550 | |
COST OF SALES | (126,200) | (131,175) | |
GROSS PROFIT | 70,199 | 94,375 | |
OPERATING EXPENSES | (53,620) | (48,610) | |
ALLOWANCE FOR IMPAIRMENT AND OBSOLESCENCE | |||
OTHER INCOME | 1,490 | 3,798 | |
PROFIT/(LOSS)FROM OPERATIONS | 18,069 | 49,563 | |
FINANCE COST | (17,820) | (38,654) | |
PROFIT BEFORE TAX | 249 | 10,909 | |
TAXATION | (89) | ||
PROFIT/(LOSS) FOR THE PERIOD | 249 | 10,820 | |
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 | 249 | 10,820 | |
EUNISELL INTERLINKED PLC
UNAUDITED STATEMENT OF FINANCIAL POSITION
AS AT 30TH JUNE 2022
(Figures in N'000) | |||||
NOTES | Unaudited | Audited | |||
30 JUN 2022 | 30 JUN 2021 | ||||
Assets: | ₦'000 | ₦'000 | |||
Non-Current Assets: | |||||
Property, Plant and equipment | 1 | 19,313 | 15,717 | ||
Current Assets: | |||||
Inventories | 211,838 | 301,688 | |||
Trade Receivables/Prepayment | 2 | 380,616 | 328,505 | ||
Cash and Cash Equivalents | 642 | 5,340 | |||
593,096 | 635,533 | ||||
Total Assets | 612,409 | 651,251 | |||
Equity and Liabilities | |||||
Equity | |||||
Share capital | 118,350 | 118,350 | |||
Retained earnings | (168,670) | (168,919) | |||
Other Components of Equity | 3 | 212,971 | 232,440 | ||
Total Equity | 162,651 | 181,870 | |||
Non-Current Liabilities | |||||
Deferred Tax | (1,509) | (852) | |||
Current Liabilities | |||||
Trade and other Payables | 4 | 154,534 | 182,763 | ||
Current income tax liabilities | 12,942 | 3,974 | |||
Short-term Borrowings | 283,794 | 283,494 | |||
451,270 | 470,231 | ||||
Total Equity and Liabilities | 612,409 | 651,250 | |||
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 | ||
28th July 2022 |
STATEMENT OF CHANGE IN EQUITY
30TH JUNE 2022
Share | Share | Retained | Other | Total | |
Capital | Premium | Earnings | Reserves | Equity | |
₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | |
Balance as at 1st July 2021 | 118,350 | 229,351 | (168,919) | 3,089 | 181,871 |
Profit for the period | - | - | 249 | - | 249 |
Balance as at 30th Jun 2022 | 118,350 | 229,351 | -168,670 | 3,089 | 182,120 |
Balance as at 1st July 2019 | 118,350 | 229,351 | -193,533 | 3,089 | 157,257 |
Profit for the period | - | - | 10,096 | - | 10,096 |
Balance as at 30th June 2020 | 118,350 | 229,351 | -183,437 | 3,089 | 167,353 |
STATEMENT OF CASH FLOWS | ||
30TH JUNE, 2022 | ||
Unaudited | Audited | |
30 JUN 2022 | 30 JUN 2021 | |
N | ||
ot | ||
es | ₦'000 | ₦'000 |
Cash from operating activities | ||||
Profit before income tax | 249 | 16,598 | ||
Adjustments: | ||||
Interest income | - | - | ||
Interest expense | 17,820 | 38,654 | ||
Profit from asset disposal | - | - | ||
Depreciation | 2,539 | 2,686 | ||
Changes in working capital: | ||||
- | inventories | (89,850) | (93,180) | |
- | trade and other receivables | (28,229) | (75,048) | |
- | trade and other payables | 52,111 | (6,173) | |
Cash generated from operations | (45,360) | (116,463) | ||
Interest income received | - | - | ||
Interest expense paid | (17,820) | (38,654) | ||
Income tax paid | (6,312) | |||
VAT paid | - | - | ||
Net cash from/ (used in) operating activities | (63,180) | (161,429) | ||
Cash from investing activities | ||||
Purchase of property, plant and equipment | (5,693) | 10,021 | ||
- | - | |||
Proceeds from disposal of property, plant and | - | - | ||
Net cash from/ (used in) investing activities | (5,693) | 10,021 | ||
Cash from financing activities | ||||
Net proceeds / (repayment) on long term | - | - | ||
Net proceeds / (repayment) on short term | 300 | 175,979 | ||
Restricted cash | - | - | ||
Net cash from/ (used in) financing activities | 300 | 175,979 | ||
Net change in cash and cash equivalents | (68,573) | 4,528 | ||
Cash and cash equivalents at beginning of the year | 5,340 | 812 | ||
Cash and cash equivalents at end of the year | (63,233) | 5,339 | ||
Represented By: | ||||
Cash and cash equivalents | 642 | 5,340 |
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