Quarter 1 financial statement for 2025

CUMULATIVE

CUMULATIVE

QTR 1

QTR 1

31ST DEC.

31ST DEC.

31ST DEC.

31ST DEC.

Notes

2024

2023

%

2023

2022

%

N'm

N'm

CHANGE

N'm

N'm

CHANGE

Revenue

1

315

2,038

(85)

315

2,038

(85)

Cost of sales

-220

-1,640

87

-220

-1,640

87

Gross profit

95

398

(76)

95

398

(76)

Other operating income

2

3

(40)

2

3

(40)

Exchange (loss)/gain

113

-379

130

113

-379

130

Distribution expenses

-50

-49

(3)

-50

-49

(3)

Administrative expenses

-102

-90

(13)

-102

-90

(13)

Profit/(loss) from operating activities

58

-117

150

58

-117

150

Finance costs

-49

-71

31

-49

-71

31

Profit/(Loss) before taxation

9

-188

105

9

-188

105

Taxation charge

-2

-11

85

-2

-11

85

Profit/(Loss) after taxation

8

-199

104

8

-199

104

Total comprehensive income transferred to retained earnings

8

-199

104

8

-199

104

Earnings/(Loss) per share (kobo)

2.0

-51.2

104

2.0

-51.2

104

CUMULATIVE

CUMULATIVE

QTR 1

QTR 1

NOTES

31ST DEC.

31ST DEC.

31ST DEC.

31ST DEC.

2024

2023

2024

2023

N'm

N'm

N'm

N'm

1

Revenue

Technical products and leasing services

212

1,953

212

1,953

Yamaha

0

0

0

0

Central

103

85

103

85

315

2,038

315

2,038

31ST DEC.

30TH SEPT

2024

2024

2

Inventory

N'm

N'm

Finished goods

224

243

Spart parts

16

13

Work- in- progress

0

0

240

256

Impairment

-19

-19

221

237

3

Trade and other receivables

N'm

N'm

Trade receivables

53

132

Withholding tax receivable

1,921

1,918

Others

26

35

2,000

2,085

Provisions

-657

-657

1,343

1,428

4

Trade and other payables

N'm

N'm

Trade payables

0

1

Accruals and provisions

1,447

1,390

Deferred revenue

286

368

Other payables

92

69

1,825

1,828

31ST DEC.

31ST DEC.

2024

2023

5

Cash and cash equivalents

N'm

N'm

As per statement of financial position

27

120

As per statement of cash flow

27

120

N'm

N'm

Profit/(loss) after tax

8

-199

Adjustments to reconcile profit to net cash provided by operating activities

Depreciation

13

10

Interest paid

49

71

Fair value gain in the year

0

0

Finance income

0

0

(Profit)/Loss on sale of fixed assets

0

0

Changes in assets and liabilities

Decrease/(increase) in inventories

16

3

Decrease/(increase) in trade and other receivables

85

226

Decrease/(increase) in prepayments

4

-12

Increase/(decrease) in trade and other payables

-3

-1,467

Decrease/(increase) in amount due from related companies

0

-1,018

Increase/(decrease) in amount due to related companies

-93

1,604

Increase/(decrease) in taxation

2

7

Increase/(decrease) in employee's benefits

7

-76

Net adjustment

79

-652

Net cash provided by operating activities

86

-851

Issued share

Available for

Revaluation

Reserve on acturial

Revenue

Total

capital

sale reserve

reserve

valuation of defined

reserve

equity

benefit plan

N'm

N'm

N'm

N'm

N'm

N'm

At 1 October 2024

195

-

1,397

-

3,205

4,797

Profit/(Loss)

8

8

Other comprehensive income

-

Deficit on revaluation of property

-

Depreciation written back on revaluation of property

-

Total comprehensive (loss)/income for the year

-

-

-

-

8

8

Contributions by and distributions to owners:

Dividends paid

-

Total contributions by and distributions to owners

-

-

-

-

-

-

At 31 December 2024

195

-

1,397

-

3,213

4,804

At 1 October 2023

195

-

997

-

731

1,923

Profit/(Loss)

(199)

(199)

Other comprehensive income

-

Surplus on revaluation of property

-

Depreciation written back on revaluation of property

-

Total comprehensive (loss)/income for the year

-

-

-

-

(199)

(199)

Contributions by and distributions to owners:

Dividends paid

-

Total contributions by and distributions to owners

-

-

-

-

-

-

At 31 December 2023

195

-

997

-

532

1,724

31ST DEC.

31ST DEC.

Notes

2024

2023

%

N'm

N'm

CHANGE

Cash flows from operating activities

Cash received from customers

394

2,267

-83

Cash paid to suppliers and employees

-309

-3,124

90

Input VAT

23

105

78

Output VAT

-24

-106

77

Income tax paid

2

7

72

Net cash provided by operating activities

6

86

-851

110

Cash flows from investing activities

Purchase of fixed assets

-37

0

-33,636

Proceeds from sale of fixed assets

0

0

0

Net cash provided by investing activities

-37

0

0

Cash flows from financing activities

Proceeds from/(Repayment) of loans and borrowings

5

28

-82

Finance cost

-49

-71

31

Net cash provided by financing activities

-44

-43

-3

Net (decrease)/increase in cash and cash equivalents

5

-894

101

Cash and cash equivalents at 1 October

22

1,014

-98

Closing cash and cash equivalents

5

27

120

-77

LEASEHOLD

LEASEHOLD

PLANT &

FURNITURE

MOTOR VEH.

COMPUTERS &

COMPUTER

ASSETS LEASED

ASSET WORK

LAND

BUILDING

EQUIPT

& FITTINGS

AIRCONS

& VESSELS

TELECOM EQUIP

SOFTWARE

TO CLIENTS

IN PROGRESS

TOTAL

Cost

N'm

N'm

N'm

N'm

N'm

N'm

N'm

N'm

N'm

N'm

N'm

Opening

1,580

773

341

45

35

306

35

27

10

89

3,242

Additions

37

37

Reclassifications

0

Revaluation surplus

0

Disposal

Closing

1,580

773

378

45

35

306

35

27

10

89

3,279

Depreciation

Opening

271

20

30

220

31

4

6

0

582

Additions

3

1

1

7

1

0

0

13

Reclassifications

0

Revaluation

0

Disposal

0

Closing

0

0

274

21

31

227

32

4

6

0

595

Closing NBV

1,580

773

104

24

5

79

3

23

4

89

2,684

Opening NBV

1,580

773

70

25

5

86

4

23

4

89

2,660

31ST DEC

30TH SEPT

2024

2024

8. Investment properties

N'm

N'm

Opening

4,350

3,317

Additions

0

0

Reclassifications

0

0

Fair value gain

0

1,033

Disposal

0

0

Closing

4,350

4,350

9. Assets acquired under finance lease

Cost

N'm

N'm

Opening

77

77

Additions

0

0

Reclassifications

0

0

Revaluation

0

0

Disposal

0

0

Closing

77

77

Depreciation

Opening

77

77

Additions

0

0

Reclassifications

Revaluation

Disposal

0

0

Closing

77

77

Closing NBV

0

0

Opening NBV

0

0