JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER TWO OCTOBER 2022 TO MARCH 2023
JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER TWO OCTOBER 2022 TO MARCH 2023
GROUP STATEMENT OF COMPREHENSIVE INCOME
CUMULATIVE | CUMULATIVE | QTR 2 | QTR 2 | |||||
31ST MAR. | 31ST MAR. | 31ST MAR. | 31ST MAR. | |||||
Notes | 2023 | 2022 | % | 2023 | 2022 | % | ||
N'm | N'm | CHANGE | N'm | N'm | CHANGE | |||
Revenue | 1 | 518 | 2,168 | -76 | 187 | 1,346 | (86) | |
Cost of sales | -393 | -1,744 | 77 | -125 | -1,042 | 88 | ||
Gross profit | 125 | 424 | -70 | 62 | 304 | (80) | ||
Other operating income | 87 | 18 | 382 | 86 | 8 | (1,025) | ||
Exchange (loss)/gain | -259 | -175 | 48 | -44 | -13 | (244) | ||
Distribution expenses | -98 | -100 | 1 | -51 | -54 | 4 | ||
Administrative expenses | -183 | -185 | 1 | -96 | -100 | 4 | ||
Profit/(loss) from operating activities | -328 | -17 | -1,775 | -43 | 146 | 130 | ||
Finance costs | -96 | -82 | -17 | -45 | -51 | 12 | ||
Profit/(Loss) before taxation | -424 | -99 | -327 | -88 | 95 | 193 | ||
Taxation charge | -3 | -11 | 76 | -1 | -9 | 90 | ||
Profit/(Loss) after taxation | -427 | -111 | -286 | -89 | 86 | 203 | ||
Total comprehensive income transferred to retained earnings | -427 | -111 | -286 | -89 | 86 | 203 | ||
Earnings/(Loss) per share (kobo) | -109.7 | -28.4 | -286 | -22.85 | 22.1 | 203 |
JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER TWO OCTOBER 2022 TO MARCH 2023
GROUP STATEMENT OF FINANCIAL POSITION
31ST MAR. | 30TH SEPT | |||
Notes | 2023 | 2022 | % | |
N'm | N'm | CHANGE | ||
Non current assets | ||||
Property, plant and equipment | 7 | 1,915 | 1,928 | -1 |
Investment properties | 8 | 3,010 | 3,010 | 0 |
Assets under finance lease | 9 | 5 | 6 | -19 |
Investment in subsidiaries | 199 | 199 | 0 | |
Available for sale financial assets | 58 | 58 | 0 | |
Deferred tax asset | 0 | 0 | 0 | |
0 | ||||
5,187 | 5,201 | -0 | ||
Current assets | ||||
Inventories | 2 | 173 | 218 | -21 |
Trade and other receivables | 3 | 1,522 | 1,540 | -1 |
Prepayments | 165 | 141 | 17 | |
Due from related parties | 3,443 | 3,080 | 12 | |
Cash and cash equivalents | 5 | 434 | 377 | 15 |
5,737 | 5,356 | 7 | ||
Current liabilities | ||||
Trade and other payables | 4 | 2,369 | 2,247 | -5 |
Due to related parties | 24 | 24 | 0 | |
Bank overdraft | 0 | 0 | 0 | |
Loans and borrowings | 834 | 814 | -2 | |
Taxation payable | 179 | 175 | -2 | |
Employee's benefit | 52 | 45 | -16 | |
Dividend payable | 0 | 0 | ||
3,458 | 3,305 | 5 | ||
Net current liabilities | 2,279 | 2,051 | 11 | |
Non-current liabilities | ||||
Employee's benefit | 0 | 0 | 0 | |
Deferred taxation | 298 | 298 | 0 | |
Loans and borrowings | 0 | 0 | ||
Loans and borrowings | 12 | 18 | 33 | |
Due to related parties | 4,981 | 4,334 | -15 | |
Net assets | 2,175 | 2,602 | -16 | |
Capital and reserves | ||||
Share capital
Property revaluation reserve Available for sale reserve Actuarial valuation reserve Revenue reserve
Shareholders' funds
Dr. C. Ezeh FRC/2017/IODN/00000016475
Mr. Adeche Okeje FRC/2013/ICAN/00000005141
195 | 195 | 0 |
676 | 676 | 0 |
0 | 0 | 0 |
0 | 0 | 0 |
1,304 | 1,731 | -25 |
2,175 | 2,602 | -16 |
Group Managing Director
Chief Finance Officer
JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER TWO OCTOBER 2022 TO MARCH 2023
STATEMENT OF CHANGES IN EQUITY
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 2022 | 195 | - | 676 | - | 1,731 | 2,602 |
Profit/(Loss) | (427) | (427) | ||||
Other comprehensive income | - | |||||
Deficit on revaluation of property | - | |||||
Depreciation written back on revaluation of property | - | |||||
Total comprehensive (loss)/income for the year | - | - | - | - | (427) | (427) |
Contributions by and distributions to owners: | ||||||
Dividends paid | - | |||||
Total contributions by and distributions to owners | - | - | - | - | - | - |
At 31 March 2023 | 195 | - | 676 | - | 1,304 | 2,175 |
At 1 October 2021 | 195 | - | 624 | - | 1,190 | 2,009 |
Profit/(Loss) | (111) | (111) | ||||
Other comprehensive income | - | |||||
Deficit on revaluation of property | - | |||||
Depreciation written back on revaluation of property | - | |||||
Total comprehensive (loss)/income for the year | - | - | - | - | (111) | (111) |
Contributions by and distributions to owners: | ||||||
Dividends paid | - | |||||
Total contributions by and distributions to owners | - | - | - | - | - | - |
At 31 March 2022 | 195 | - | 624 | - | 1,080 | 1,899 |
JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER TWO OCTOBER 2022 TO MARCH 2023
GROUP STATEMENT OF CASH FLOWS
31ST MAR. | 31ST MAR. | |||
Notes | 2023 | 2022 | % | |
N'm | N'm | CHANGE | ||
Cash flows from operating activities | ||||
Cash received from customers | 539 | 2,166 | -75 | |
Cash paid to suppliers and employees | -402 | -2,135 | 81 | |
Input VAT | 8 | 22 | 64 | |
Output VAT | -9 | -24 | 63 | |
Income tax paid | 0 | 0 | ||
Net cash provided by operating activities | 6 | 137 | 30 | 363 |
Cash flows from investing activities | ||||
Purchase of fixed assets | 0 | -30 | 0 | |
Proceeds from sale of fixed assets | 3 | - | ||
Net cash provided by investing activities | 2 | -30 | 0 | |
Cash flows from financing activities | ||||
Proceeds from/(Repayment) of loans and borrowings | 14 | 263 | -95 | |
Finance cost | -96 | -82 | -17 | |
Net cash provided by financing activities | -82 | 181 | -145 | |
Net (decrease)/increase in cash and cash equivalents | 57 | 181 | 69 | |
Cash and cash equivalents at 1 October | 377 | 224 | 68 | |
Closing cash and cash equivalents | 5 | 434 | 405 | 7 |
Cash and Cash Equivalents | ||||
Net Cash Provided by Operating Activities |
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