JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER ONE OCTOBER 2022 TO DECEMBER 2022
JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER ONE OCTOBER 2022 TO DECEMBER 2022
GROUP STATEMENT OF COMPREHENSIVE INCOME | |||||||
CUMULATIVE | CUMULATIVE | QTR 1 | QTR 1 | ||||
31ST DEC. | 31ST DEC. | 31ST DEC. | 31ST DEC. | ||||
Notes | 2022 | 2021 | % | 2022 | 2021 | % | |
N'm | N'm | CHANGE | N'm | N'm | CHANGE | ||
Revenue | 1 | 331 | 822 | -60 | 331 | 822 | -60 |
Cost of sales | -268 | -702 | 62 | -268 | -702 | 62 | |
Gross profit | 63 | 120 | -47 | 63 | 120 | -47 | |
Other operating income | 1 | 10 | -88 | 1 | 10 | -88 | |
Exchange (loss)/gain | -215 | -162 | 33 | -215 | -162 | 33 | |
Distribution expenses | -47 | -46 | -2 | -47 | -46 | -2 | |
Administrative expenses | -87 | -85 | -2 | -87 | -85 | -2 | |
Profit/(loss) from operating activities | -285 | -163 | -75 | -285 | -163 | -75 | |
Finance costs | -51 | -31 | -66 | -51 | -31 | -66 | |
Profit/(Loss) before taxation | -336 | -194 | -73 | -336 | -194 | -73 | |
Taxation charge | -2 | -2 | 29 | -2 | -2 | 29 | |
Profit/(Loss) after taxation | -338 | -197 | -72 | -338 | -197 | -72 | |
Total comprehensive income transferred to retained earnings | -338 | -197 | -72 | -338 | -197 | -72 | |
Earnings/(Loss) per share (kobo) | -87 | -50 | -72 | -87 | -50 | -72 |
JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER ONE OCTOBER 2022 TO DECEMBER 2022
GROUP STATEMENT OF FINANCIAL POSITION | ||||
31ST DEC. | 30TH SEPT | |||
Notes | 2022 | 2022 | % | |
N'm | N'm | CHANGE | ||
Non current assets | ||||
Property, plant and equipment | 7 | 1915 | 1928 | -1 |
Investment properties | 8 | 3010 | 3010 | 0 |
Assets under finance lease | 9 | 5 | 6 | -16 |
Investment in subsidiaries | 199 | 199 | 0 | |
Available for sale financial assets | 58 | 58 | 0 | |
0 | ||||
5187 | 5201 | 0 | ||
Current assets | ||||
Inventories | 2 | 211 | 218 | -3 |
Trade and other receivables | 3 | 1484 | 1540 | -4 |
Prepayments | 42 | 141 | -70 | |
Due from related parties | 3318 | 3080 | 8 | |
Cash and cash equivalents | 5 | 384 | 377 | 2 |
5439 | 5356 | 2 | ||
Current liabilities | ||||
Trade and other payables | 4 | 2218 | 2247 | 1 |
Due to related parties | 24 | 24 | 0 | |
Loans and borrowings | 784 | 814 | 4 | |
Taxation payable | 171 | 175 | 2 | |
Employee's benefit | 51 | 45 | -13 | |
3248 | 3305 | -2 | ||
Net current liabilities | 2191 | 2051 | 7 | |
Non-current liabilities | ||||
Deferred taxation | 298 | 298 | 0 | |
Loans and borrowings | 15 | 18 | 17 | |
Due to related parties | 4801 | 4334 | -11 | |
Net assets | 2264 | 2602 | -13 | |
Capital and reserves | ||||
Share capital | 195 | 195 | 0 | |
Property revaluation reserve | 676 | 676 | 0 | |
Available for sale reserve | 0 | 0 | 0 | |
Revenue reserve | 1393 | 1731 | -20 | |
Shareholders' funds | 2264 | 2602 | -13 |
The consolidated financial statements were authorised for issue and approved by the Board of Directors on 30 January 2023 and signed on its behalf by:
Dr. C. Ezeh | Group Managing Director |
FRC/2017/IODN/00000016475 | |
Mr. Adeche Okeje | Chief Finance Officer |
FRC/2013/ICAN/00000005141 |
JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER ONE OCTOBER 2022 TO DECEMBER 2022
STATEMENT OF CHANGES IN EQUITY
Reserve on | |||||||
Issued share | Available for | Revaluation | acturial | Revenue | Total | ||
capital | sale reserve | reserve | valuation of | reserve | equity | ||
N'm | N'm | N'm | N'm | N'm | N'm | ||
At 1 October 2021 | 195 | 0 | 676 | 0 | 1731 | 2602 | |
Profit/(Loss) | -338 | -338 | |||||
Other comprehensive income | 0 | ||||||
Deficit on revaluation of property | 0 | ||||||
Depreciation written back on revaluation of property | 0 | ||||||
Total comprehensive (loss)/income for the year | 0 | 0 | 0 | 0 | -338 | -338 | |
Contributions by and distributions to owners: | |||||||
Dividends paid | 0 | ||||||
Total contributions by and distributions to owners | 0 | 0 | 0 | 0 | 0 | 0 | |
At 31 December 2021 | 195 | 0 | 676 | 0 | 1393 | 2264 | |
At 1 October 2021 | 195 | 0 | 624 | 0 | 1190 | 2009 | |
Profit/(Loss) | -197 | -197 | |||||
Other comprehensive income | 0 | ||||||
Deficit on revaluation of property | 0 | ||||||
Depreciation written back on revaluation of property | 0 | ||||||
Total comprehensive (loss)/income for the year | 0 | 0 | 0 | 0 | -197 | -197 | |
Contributions by and distributions to owners: | |||||||
Dividends paid | 0 | ||||||
Total contributions by and distributions to owners | 0 | 0 | 0 | 0 | 0 | 0 | |
At 31 December 2021 | 195 | 0 | 624 | 0 | 993 | 1812 |
JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER ONE OCTOBER 2022 TO DECEMBER 2022
GROUP STATEMENT OF CASH FLOWS
31ST DEC. | 31ST DEC. | |||
Notes | 2022 | 2021 % | ||
N'm | N'm | CHANGE | ||
Cash flows from operating activities | ||||
Cash received from customers | 381 | 753 | -49 | |
Cash paid to suppliers and employees | -289 | -1087 | 73 | |
Input VAT | 7 | 14 | 50 | |
Output VAT | -8 | -15 | 47 | |
Income tax paid | 0 | 0 | ||
Net cash provided by operating activities | 6 | 91 | -335 | -127 |
Cash flows from investing activities | ||||
Purchase of fixed assets | 0 | -14 | 0 | |
Proceeds from sale of fixed assets | 0 | |||
Net cash provided by investing activities | 0 | -14 | 0 | |
Cash flows from financing activities | ||||
Proceeds from/(Repayment) of loans and borrowings | -33 | 232 | -114 | |
Finance cost | -51 | -31 | -66 | |
Net cash provided by financing activities | -84 | 201 | -142 | |
Net (decrease)/increase in cash and cash equivalents | 7 | -147 | 105 | |
Cash and cash equivalents at 1 October | 377 | 224 | 68 | |
Closing cash and cash equivalents | 5 | 384 | 77 | 401 |
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