EUNISELL INTERLINKED PLC
UNAUDITED ACCOUNTS FOR THE PERIOD ENDED
30TH JUNE, 2024
EUNISELL INTERLINKED PLC | ||||||
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR YEAR ENDED 30TH JUNE 2024 | ||||||
(Figures in ₦'000) | ||||||
Unaudited | Audited | |||||
Jun-24 | Jun-23 | % Change | ||||
₦'000 | ||||||
REVENUE | 722,534 | 277,114 | 161% | |||
COST OF SALES | (473,356) | (162,590) | 191% | |||
GROSS PROFIT | 249,178 | 114,524 | 118% | |||
OPERATING EXPENSES | (101,628) | (85,857) | 18% | |||
OTHER INCOME | 1,629 | 93 | 1652% | |||
PROFIT/(LOSS)FROM OPERATIONS | 149,179 | 28,760 | 419% | |||
FINANCE COST | (21,071) | (19,528) | 8% | |||
PROFIT BEFORE TAX | 128,108 | 9,232 | 1288% | |||
TAXATION | - | (389) | -100% | |||
PROFIT/(LOSS) FOR THE PERIOD | 128,108 | 8,843 | 1349% | |||
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 | ||||||
128,108 | 8,843 | |||||
EUNISELL INTERLINKED PLC
UNAUDITED STATEMENT OF FINANCIAL POSITION
AS AT 30TH JUNE, 2024
(Figures in N'000) | |||||
NOTES | Unaudited | Audited | |||
30 JUNE 2024 | 30 JUNE 2023 | ||||
Assets: | ₦'000 | ₦'000 | |||
Non-Current Assets: | |||||
Property, Plant and equipment | 1 | 10,660 | 13,607 | ||
Current Assets: | |||||
Inventories | 205,148 | 367,036 | |||
Trade Receivables/Prepayment | 2 | 670,099 | 253,832 | ||
Cash and Cash Equivalents | 1,431 | 1,378 | |||
876,678 | 622,246 | ||||
Total Assets | 887,338 | 635,854 | |||
Equity and Liabilities | |||||
Equity | |||||
Share capital | 118,350 | 118,350 | |||
Retained earnings | (64,578) | (154,989) | |||
Other Components of Equity | 3 | 232,440 | 232,440 | ||
Total Equity | 286,212 | 195,801 | |||
Non-Current Liabilities | |||||
Deferred Tax | 2,288 | 2,288 | |||
Current Liabilities | |||||
Trade and other Payables | 4 | 266,685 | 128,568 | ||
Current income tax liabilities | 1,780 | 1,780 | |||
Short-term Borrowings | 130,917 | 107,416 | |||
Deposit for shares | 200,000 | 200,000 | |||
599,382 | 437,764 | ||||
Total Equity and Liabilities | 887,883 | 635,854 | |||
Chika Ikenga | Chris Okoro | Victoria Adeku |
Chairman | MD/CEO | Chief Financial Officer |
FRC/2023/PRO/DIR/003/815560 | FRC/2019/002/0000074 | FRC/2023/001/485227 |
Approved by the Board | ||
23rd July, 2024 |
STATEMENT OF CASH FLOWS | ||||
30TH JUNE, 2024 | ||||
Unaudited | Audited | |||
30 JUNE 2024 | 30 JUNE 2023 | |||
Notes | ₦'000 | ₦'000 | ||
Cash from operating activities | ||||
Profit before income tax | 128,108 | 9,232 | ||
Adjustments: | ||||
Interest income | - | |||
Interest expense | 21,071 | 19,528 | ||
Profit from asset disposal | - | - | ||
Depreciation | 3,447 | 3,992 | ||
Changes in working capital: | ||||
- | inventories | 161,888 | (49,016) | |
- | trade and other receivables | (416,267) | 15,207 | |
- | trade and other payables | 138,117 | 5,899 | |
Cash generated from operations | 36,364 | 4,842 | ||
Interest income received | - | - | ||
Interest expense paid | (21,071) | (19,528) | ||
Income tax paid | (982) | |||
VAT paid | (574) | - | ||
Net cash from/ (used in) operating activities | 14,719 | (15,668) | ||
Cash from investing activities | ||||
Purchase of property, plant and equipment | (500) | (238) | ||
- | - | |||
Proceeds from disposal of property, plant and | - | - | ||
Net cash from/ (used in) investing activities | (500) | (238) | ||
Cash from financing activities | ||||
Deposits for shares
Net proceeds / (repayment) on long term Net proceeds / (repayment) on short term Restricted cash
200,000 | |
- | - |
(14,166) | (183,300) |
- | |
Net cash from/ (used in) financing activities | (14,166) | 16,700 | |
Net change in cash and cash equivalents | 53 | 794 | |
Cash and cash equivalents at beginning of the year | 1,378 | 584 | |
Cash and cash equivalents at end of the year | 1,431 | 1,378 | |
Represented By: | |||
Cash and cash equivalents | 1,431 | 1,378 |
STATEMENT OF CHANGE IN EQUITY
30th June, 2024
Balance as at 30th June, 2023
Profit for the period
Balance as at 30th June, 2024
-1
Share | Share | Other | Retained | Total |
Capital | Premium | Reserves | Earnings | Equity |
₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 |
118,350 | 229,351 | 3,089 | (192,686) | 158,104 |
- | - | - | 128,108 | 128,108 |
118,350 | 229,351 | 3,089 | (64,578) | 286,212 |
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 July 1, 2023 | 7,065 | 5,477 | 15,247 | 15,795 | 9,830 | 415 | 53,829 | |||
Additions | 500 | 500 | ||||||||
At June 30, 2024 | 7,065 | 5,477 | 15,247 | 15,795 | 10,330 | 415 | 54,329 | |||
Depreciation: | ||||||||||
At July 1, 2023 | 6,094 | 2,727 | 9,762 | 14,279 | 7,017 | 343 | 40,222 | |||
Charge for the period | 971 | 825 | 751 | 586 | 292 | 22 | 3,447 | |||
At June 30, 2024 | 7,065 | 3,552 | 10,513 | 14,865 | 7,309 | 365 | 43,669 | |||
Net Book Value: | ||||||||||
At June 30, 2024 | - | 1,925 | 4,734 | 930 | 3,021 | 50 | 10,660 | |||
At June 30, 2023 | 971 | 2,750 | 5,485 | 1,516 | 2,814 | 72 | 13,607 | |||
Unaudited | Audited | |||||||||
Jun-24 | Jun-23 | |||||||||
₦'000 | ₦'000 | |||||||||
2. Trade Receivables and Prepayments | ||||||||||
Trade Receivables | 443,683 | 131,737 | ||||||||
Other Receivables | 112,211 | 112,393 | ||||||||
Prepayments | 114,205 | 9,703 | ||||||||
670,099 | 253,833 | |||||||||
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 | 193,502 | 26,510 | ||||||||
Sundry Payables | 307 | 45,659 | ||||||||
Other Payables & Accruals | 72,876 | 64,581 |
266,685
Unaudited Jun-24
₦'000
136,750
Audited
Jun-23₦'000
5. Revenue | |||
Power products | 133,984 | 52,299 | |
Oil & Gas | 501,825 | 98,539 | |
Household | 22,465 | 80,123 | |
Construction | 26,185 | 46,153 | |
Manufacturing | 38,075 | ||
722,534 | 277,114 | ||
5. Administrative Expenses | |||
Employees Benefits | 1,331 | 27,210 | |
Professional fees | 7,610 | 18,764 | |
Audit fees | 1,000 | 1,000 | |
Repairs & Maintenance | 1,260 | 5261 | |
Other expenses | 90,427 | 9,492 | |
101,628 | 61,727 | ||
SECURITIES TRADING POLICY
In compliance with Rule 17.15 Disclosure of Dealings in Issuers' Shares, Rulebook of the Exchange 2015 (Issuers Rule)Eunisell Interlinked Plc maintains a Security Trading Policy which guides Directors, Audit Committee members, employees and all individuals categorized as insiders as to their dealing in the Company's shares. The Policy undergoes periodic reviews by the Board and is updated accordingly. The Company has made specific inquiries of all its directors and other insiders and is not aware of any infringement of the policy during the period under review.
EUNISELL INTERLINKED PLC
Hypothetical Case on Free Float Computation
Shareholding Structure/Free Float Status
30-Jun-24 | 30-Jun-23 | |||
Description | Unit | Percentage | Unit | Percentage |
Issued Share Capital | 236,700 | 100% | 236,700 | 100% |
Substantial Shareholdings (5% and above) | ||||
Boussole Intergrated Linmited | 150,223 | 63.47% | 150,223 | 63.47% |
Total Substantial Shareholdings | 150,223 | 63.47% | 150,223 | 63.47% |
Directors' Shareholdings (direct and indirect), excluding directors with substantial interests | ||||
Mr. Fabian Nnadozie | 6,230 | 2.63% | 6,230 | 2.63% |
Mr. Chika Ikenga | 3,480 | 1.47% | 3,480 | 1.47% |
Kayode Awobodu | 1,249 | 0.53% | 1,249 | 0.53% |
Mr. Christopher Okoro | 0 | 0.00% | 0 | 0.00% |
Mr. Surajudeen Baarabe Yakubu | 0 | 0.00% | 0 | 0.00% |
Mr. Ajibola Edwards | 0 | 0.00% | 0 | 0.00% |
Total Directors' Shareholdings | 10,959 | 4.63% | 10,959 | 4.63% |
Other Influential Shareholdings | ||||
Abubakar Usman | 1,531 | 0.65% | 1,531 | 0.65% |
Mr. Azih Oduche | 1,165 | 0.49% | 1,165 | 0.49% |
Total Other Influential Shareholdings | 1.14% | 1.14% | ||
Free Float in Units and Percentage | 75,518 | 31.90% | 75,518 | 31.90% |
Free Float in Value | ₦ 566,385.00 | ₦ 823,146.20 |
Declaration:
(A) Eunisell Interlinked Plc with a free float percentage of 31.90% as at 30 June 2024, is compliant with The Exchange's free float requirements for
(B) Eunisell Interlinked Plc with a free float value of N823,146.20 as at 30 June 2023, is compliant with The Exchange's free float requirements for