JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER THREE OCTOBER 2022 TO JUNE 2023
JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER THREE OCTOBER 2022 TO JUNE 2023
GROUP STATEMENT OF COMPREHENSIVE INCOME
CUMULATIVE | CUMULATIVE | QTR 3 | QTR 3 | ||||
30TH JUN. | 30TH JUN. | 30TH JUN. | 30TH JUN. | ||||
2023 | 2022 | % | 2023 | 2022 | % | ||
N'm | N'm | CHANGE | N'm | N'm | CHANGE | ||
Revenue | 795 | 2,919 | -73 | 276 | 751 | (63) | |
Cost of sales | -549 | -2,360 | 77 | -156 | -616 | 75 | |
Gross profit | 246 | 559 | -56 | 120 | 135 | (11) | |
Other operating income | 95 | 23 | 313 | 8 | 5 | (66) | |
Exchange (loss)/gain | -1,294 | -74 | 1,649 | -1,035 | 101 | 1,125 | |
Distribution expenses | -162 | -158 | -2 | -63 | -58 | (8) | |
Administrative expenses | -300 | -294 | -2 | -118 | -109 | (8) | |
Profit/(loss) from operating activities | -1,415 | 56 | 2,628 | -1,087 | 73 | 1,579 | |
Finance costs | -149 | -122 | -22 | -53 | -40 | (32) | |
Profit/(Loss) before taxation | -1,564 | -66 | -2,270 | -1,140 | 33 | 3,503 | |
Taxation charge | -4 | -7 | 43 | -1 | 4 | 135 | |
Profit/(Loss) after taxation | -1,568 | -73 | -2,048 | -1,141 | 37 | 3,144 | |
Total comprehensive income transferred to retained earnings | -1,568 | -73 | -2,048 | -1,141 | 37 | 3,144 | |
Earnings/(Loss) per share (kobo) | -403.0 | -18.8 | -2,048 | -293 | 9.6 | 3,144 |
JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER THREE OCTOBER 2022 TO JUNE 2023
GROUP STATEMENT OF FINANCIAL POSITION
30TH JUN. | 30TH SEPT | |||
Notes | 2023 | 2022 | % | |
N'm | N'm | CHANGE | ||
Non current assets | ||||
Property, plant and equipment | 7 | 1,917 | 1,928 | -1 |
Investment properties | 8 | 2,904 | 3,010 | -4 |
Assets under finance lease | 9 | 5 | 6 | -11 |
Investment in subsidiaries | 199 | 199 | 0 | |
Available for sale financial assets | 59 | 58 | 2 | |
Deferred tax asset | 0 | 0 | 0 | |
0 | ||||
5,085 | 5,201 | -2 | ||
Current assets | ||||
Inventories | 2 | 491 | 218 | 125 |
Trade and other receivables | 3 | 1,360 | 1,540 | -12 |
Prepayments | 43 | 141 | -70 | |
Due from related parties | 5,780 | 3,080 | 88 | |
Cash and cash equivalents | 5 | 170 | 377 | -55 |
7,844 | 5,356 | 46 | ||
Current liabilities | ||||
Trade and other payables | 4 | 2,136 | 2,247 | 5 |
Due to related parties | 24 | 24 | 0 | |
Bank overdraft | 0 | 0 | 0 | |
Loans and borrowings | 844 | 814 | -4 | |
Taxation payable | 168 | 175 | 4 | |
Employee's benefit | 55 | 45 | -22 | |
Dividend payable | 0 | 0 | ||
3,227 | 3,305 | -2 | ||
Net current liabilities | 4,617 | 2,051 | 125 | |
Non-current liabilities | ||||
Employee's benefit | 0 | 0 | 0 | |
Deferred taxation | 298 | 298 | 0 | |
Loans and borrowings | 0 | 0 | ||
Loans and borrowings | 8 | 18 | 56 | |
Due to related parties | 8,362 | 4,334 | -93 | |
Net assets | 1,034 | 2,602 | -60 | |
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 |
163 | 1,731 | -91 |
1,034 | 2,602 | -60 |
Group Managing Director
Chief Finance Officer
JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER THREE OCTOBER 2022 TO JUNE 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) | (1,568) | (1,568) | ||||
Other comprehensive income | - | |||||
Deficit on revaluation of property | - | |||||
Depreciation written back on revaluation of property | - | |||||
Total comprehensive (loss)/income for the year | - | - | - | - | (1,568) | (1,568) |
Contributions by and distributions to owners: | ||||||
Dividends paid | - | |||||
Total contributions by and distributions to owners | - | - | - | - | - | - |
At 30 June 2023 | 195 | - | 676 | - | 163 | 1,034 |
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 |
JOHN HOLT PLC
UNAUDITED 2022/2023 RESULTS
QUARTER THREE OCTOBER 2022 TO JUNE 2023
GROUP STATEMENT OF CASH FLOWS
30TH JUN. | 30TH JUN. | |||
Notes | 2023 | 2022 | % | |
N'm | N'm | CHANGE | ||
Cash flows from operating activities | ||||
Cash received from customers | 938 | 2,899 | -68 | |
Cash paid to suppliers and employees | -1,124 | -2,993 | 62 | |
Input VAT | 13 | 31 | 57 | |
Output VAT | -12 | -33 | 63 | |
Income tax paid | -7 | 0 | ||
Net cash provided by operating activities | 6 | -193 | -96 | 101 |
Cash flows from investing activities | ||||
Purchase of fixed assets | -15 | -34 | 0 | |
Proceeds from sale of fixed assets | 130 | - | ||
Net cash provided by investing activities | 114 | -34 | 0 | |
Cash flows from financing activities | ||||
Proceeds from/(Repayment) of loans and borrowings | 20 | 35 | -43 | |
Finance cost | -149 | -122 | -22 | |
Net cash provided by financing activities | -129 | -87 | 48 | |
Net (decrease)/increase in cash and cash equivalents | -207 | -217 | 5 | |
Cash and cash equivalents at 1 October | 377 | 224 | 68 | |
Closing cash and cash equivalents | 5 | 170 | 7 | 2,327 |
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