JOHN HOLT PLC
UNAUDITED 2021/2022 RESULTS
QUARTER TWO OCTOBER 2021 TO JUNE 2022
JOHN HOLT PLC
UNAUDITED 2021/2022 RESULTS
QUARTER THREE OCTOBER 2021 TO JUNE 2022
GROUP STATEMENT OF COMPREHENSIVE INCOME
CUMULATIVE | CUMULATIVE | QTR 3 | QTR 3 | |||||
30HT JUN. | 30HT JUN. | 30HT JUN. | 30HT JUN. | |||||
Notes | 2022 | 2021 | % | 2022 | 2021 | % | ||
N'm | N'm | CHANGE | N'm | N'm | CHANGE | |||
Revenue | 1 | 2,919 | 880 | 232 | 751 | 425 | 77 | |
Cost of sales | -2,360 | -662 | (256) | -616 | -320 | (92) | ||
Gross profit | 559 | 218 | 157 | 135 | 105 | 28 | ||
Other operating income | 23 | 46 | (50) | 5 | 44 | 89 | ||
Exchange (loss)/gain | -74 | -583 | 87 | 101 | -238 | 142 | ||
Distribution expenses | -158 | -166 | 5 | -58 | -63 | 8 | ||
Administrative expenses | -294 | -309 | 5 | -109 | -118 | 8 | ||
Profit/(loss) from operating activities | 56 | -795 | 107 | 73 | -270 | 127 | ||
Finance costs | -122 | -85 | (44) | -40 | -34 | (17) | ||
Profit/(Loss) before taxation | -66 | -880 | 92 | 33 | -304 | 111 | ||
Taxation charge | -7 | -2 | (210) | 4 | 2 | (144) | ||
Profit/(Loss) after taxation | -73 | -882 | 92 | 37 | -302 | 112 | ||
Total comprehensive income transferred to retained earnings | ||||||||
-73 | -882 | 92 | 37 | -302 | 112 | |||
Earnings/(Loss) per share (kobo) | -18.8 | -226.7 | 92 | 9.64 | -77.72 | 112 | ||
JOHN HOLT PLC
UNAUDITED 2021/2022 RESULTS
QUARTER THREE OCTOBER 2021 TO JUNE 2022
GROUP STATEMENT OF FINANCIAL POSITION
30HT JUN. | 30TH SEPT | |||
Notes | 2022 | 2021 | % | |
N'm | N'm | CHANGE | ||
Non current assets | ||||
Property, plant and equipment | 7 | 1,879 | 1,859 | 1 |
Investment properties | 8 | 3,295 | 3,295 | 0 |
Assets under finance lease | 9 | 8 | 9 | (11) |
Investment in subsidiaries | 199 | 199 | - | |
Available for sale financial assets | 37 | 37 | - | |
- | ||||
5,418 | 5,399 | 0 | ||
Current assets | ||||
Inventories | 2 | 508 | 416 | 22 |
Trade and other receivables | 3 | 1,468 | 1,414 | 4 |
Prepayments | 85 | 89 | (4) | |
Due from related parties | 3,110 | 3,386 | (8) | |
Cash and cash equivalents | 5 | 7 | 224 | (97) |
5,178 | 5,529 | (6) | ||
Current liabilities | ||||
Trade and other payables | 4 | 2,378 | 2,271 | (5) |
Due to related parties | 24 | 24 | - | |
Loans and borrowings | 788 | 753 | (5) | |
Taxation payable | 650 | 644 | (1) | |
Employee's benefit | 36 | 39 | 7 | |
3,876 | 3,731 | (4) | ||
Net current liabilities | 1,302 | 1,798 | 28 | |
Non-current liabilities | ||||
Deferred taxation | 241 | 241 | - | |
Loans and borrowings | 21 | 24 | 13 | |
Due to related parties | 4,522 | 4,923 | 8 | |
Net assets | ||||
1,936 | 2,009 | (4) | ||
Capital and reserves | ||||
Share capital | 195 | 195 | - | |
Property revaluation reserve | 624 | 624 | - | |
Available for sale reserve | 0 | 0 | - | |
Revenue reserve | 1,117 | 1,190 | (6) | |
Shareholders' funds | 1,936 | 2,009 | (4) | |
Dr. C. Ezeh | Group Managing Director | |
FRC/2017/IODN/00000016475 | ||
Mr. Adeche Okeje | Chief Finance Officer | |
FRC/2013/ICAN/00000005141 | ||
This account was approved on xxxx July 2022 |
JOHN HOLT PLC
UNAUDITED 2021/2022 RESULTS
QUARTER THREE OCTOBER 2021 TO JUNE 2022
STATEMENT OF CHANGES IN EQUITY
Issued share | Available for | Revaluation | Reserve on acturial | Revenue Total equity | ||
capital | sale reserve | reserve | valuation of defined | reserve | ||
benefit plan | ||||||
N'm | N'm | N'm | N'm | N'm | N'm | |
At 1 October 2021 | 195 | - | 624 | - | 1,190 | 2,009 |
Profit/(Loss) | (73) | (73) | ||||
Other comprehensive income | - | |||||
Deficit on revaluation of property | - | |||||
Depreciation written back on revaluation of property | - | |||||
Total comprehensive (loss)/income for the year | - | - | - | - | (73) | (73) |
Contributions by and distributions to owners: | ||||||
Dividends paid | - | |||||
Total contributions by and distributions to owners | - | - | - | - | - | - |
At 30 June 2022 | 195 | - | 624 | - | 1,117 | 1,936 |
At 1 October 2020 | 195 | - | 571 | - | 1,698 | 2,464 |
Profit/(Loss) | (882) | (882) | ||||
Other comprehensive income | ||||||
Surplus on revaluation of property | - | |||||
Fair value loss on available for sale financial assets | ||||||
Total comprehensive (loss)/income for the year | - | - | - | - | (882) | (882) |
Contributions by and distributions to owners: | ||||||
Dividends paid | - | |||||
Reserves on actuarial valuation transferred to revenue | - | - | - | - | - | - |
Total contributions by and distribution to owners | - | - | - | - | - | - |
At 30 June 2021 | 195 | - | 571 | - | 816 | 1,582 |
JOHN HOLT PLC
UNAUDITED 2021/2022 RESULTS
QUARTER THREE OCTOBER 2021 TO JUNE 2022
GROUP STATEMENT OF CASH FLOWS
30HT JUN. | 30HT JUN. | |||
Notes | 2022 | 2021 | % | |
N'm | N'm | CHANGE | ||
Cash flows from operating activities | ||||
Cash received from customers | 2,899 | 1,161 | 150 | |
Cash paid to suppliers and employees | -2,993 | -1,145 | -161 | |
Input VAT | 31 | 14 | -121 | |
Output VAT | -33 | -15 | -123 | |
Income tax paid | 0 | 0 | ||
Net cash provided by operating activities | 6 | -96 | 15 | -740 |
Cash flows from investing activities | ||||
Purchase of fixed assets | -34 | -17 | 0 | |
Proceeds from sale of fixed assets | - | |||
Net cash provided by investing activities | -34 | -17 | 0 | |
Cash flows from financing activities | ||||
Proceeds from/(Repayment) of loans and borrowings | 35 | -188 | -119 | |
Finance cost | -122 | -85 | -44 | |
Net cash provided by financing activities | -87 | -273 | -68 | |
Net (decrease)/increase in cash and cash equivalents | -217 | -275 | 21 | |
Cash and cash equivalents at 1 October | 224 | 487 | -54 | |
Closing cash and cash equivalents | 5 | 7 | 212 | -97 |
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