EUNISELL INTERLINKED PLC
UNAUDITED ACCOUNTS FOR THE PERIOD ENDED
3OTH JUNE 2023
EUNISELL INTERLINKED PLC
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR YEAR ENDED 30TH JUNE 2023
(Figures in ₦'000) | ||||
Unaudited | Audited | |||
Jun-23 | Jun-22 | |||
₦'000 | ₦'000 | |||
REVENUE | 270,771 | 196,399 | ||
COST OF SALES | (151,745) | (117,790) | ||
GROSS PROFIT | 119,026 | 78,609 | ||
OPERATING EXPENSES | (73,406) | (74,270) | ||
OTHER INCOME | 22,763 | |||
PROFIT/(LOSS)FROM OPERATIONS | 45,620 | 27,102 | ||
FINANCE COST | (24,638) | (17,820) | ||
PROFIT BEFORE TAX | 20,982 | 9,282 | ||
TAXATION | (4,195) | |||
PROFIT/(LOSS) FOR THE PERIOD | 20,982 | 5,087 | ||
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 | ||||
20,982 | 5,087 | |||
-
EUNISELL INTERLINKED PLC
UNAUDITED STATEMENT OF FINANCIAL POSITION
AS AT 30TH JUNE 2023
(Figures in N'000) | |||||
NOTES | Unaudited | Audited | |||
30 JUN 2023 | 30 JUN 2022 | ||||
Assets: | ₦'000 | ₦'000 | |||
Non-Current Assets: | |||||
Property, Plant and equipment | 1 | 13,425 | 17,360 | ||
Current Assets: | |||||
Inventories | 309,106 | 318,020 | |||
Trade Receivables/Prepayment | 2 | 280,450 | 267,404 | ||
Cash and Cash Equivalents | 1525 | 584 | |||
591,081 | 586,008 | ||||
Total Assets | 604,506 | 603,369 | |||
Equity and Liabilities | |||||
Equity | |||||
Share capital | 118,350 | 118,350 | |||
Retained earnings | (142,850) | (163,832) | |||
Other Components of Equity | 3 | 232,440 | 232,440 | ||
Total Equity | 207,940 | 186,957 | |||
Non-Current Liabilities | |||||
Deferred Tax | 1,780 | 2,851 | |||
Current Liabilities | |||||
Trade and other Payables | 4 | 123,234 | 121,033 | ||
Current income tax liabilities | 2,505 | 1,809 | |||
Short-term Borrowings | 269,048 | 290,716 | |||
394,787 | 413,558 | ||||
Total Equity and Liabilities | 604,507 | 603,367 | |||
Fabian C. Nnadozie | Chris Okoro | Temitope Olusoji |
Chairman | MD/CEO | Chief Financial Officer ( |
FRC2017/NSE/00000017392 | FRC/2019/002/0000074 | FRC/2020/004/000000 |
Approved by the Board | ||
10th July 2023 |
STATEMENT OF CHANGE IN EQUITY | -1 | |||||
30TH JUNE 2023 | ||||||
Share | Share | Other | Retained | Total | ||
Capital | Premium | Reserves | Earnings | Equity | ||
₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | ||
Balance as at 1st July 2022 | 118,350 | 229,351 | 3,089 | (163,832) | 186,958 | |
Profit for the period | - | - | - | 20,982 | 20,982 | |
Balance as at 30th June 2023 | 118,350 | 229,351 | 3,089 | (142,850) | 207,940 | |
STATEMENT OF CASH FLOWS | ||||
30TH JUNE, 2023 | ||||
Unaudited | Audited | |||
30 JUN 2023 | 30 JUN 2022 | |||
Notes | ₦'000 | ₦'000 | ||
Cash from operating activities | ||||
Profit before income tax | 20,982 | 9,282 | ||
Adjustments: | ||||
Interest income | - | - | ||
Interest expense | 7,626 | 17,820 | ||
Profit from asset disposal | - | - | ||
Depreciation | 4,174 | 4,048 | ||
Changes in working capital: | ||||
- | inventories | (14,500) | (16,332) | |
- | trade and other receivables | (20,453) | 61,100 | |
- | trade and other payables | 34,183 | (61,729) | |
Cash generated from operations | 32,012 | 14,189 | ||
Interest income received | - | - | ||
Interest expense paid | (7,626) | (17,820) | ||
Income tax paid | (1,539) | (2,655) | ||
VAT paid | - | - | ||
Net cash from/ (used in) operating activities | 22,847 | (6,286) | ||
Cash from investing activities | ||||
Purchase of property, plant and equipment | (238) | (5,692) | ||
- | - | |||
Proceeds from disposal of property, plant and | - | - | ||
Net cash from/ (used in) investing activities | (238) | (5,692) | ||
Cash from financing activities | ||||
Net proceeds / (repayment) on long term borrowings | - | - | ||
Net proceeds / (repayment) on short term | (21,668) | 7,222 | ||
Restricted cash | - | - | ||
Net cash from/ (used in) financing activities | (21,668) | 7,222 | ||
Net change in cash and cash equivalents | 941 | (4,756) | ||
Cash and cash equivalents at beginning of the year | 584 | 5,340 | ||
Cash and cash equivalents at end of the year | 1,526 | 584 | ||
Represented By: | ||||
Cash and cash equivalents | 1,525 | 584 |
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