Year end financial statement for 2024

CUMULATIVE

CUMULATIVE

QTR 4

QTR 4

30TH SEPT.

30TH SEPT.

30TH SEPT.

30TH SEPT.

Notes

2024

2023

%

2024

2023

%

N'm

N'm CHANGE

N'm

N'm CHANGE

Revenue

1

3,333

1,834

82

309

1,077

(71)

Cost of sales

-2,713

-1,319

(106)

-194

-702

72

Gross profit

620

515

20

115

376

(69)

Other operating income

3,146

587

436

905

25

3,520

Exchange (loss)/gain

-547

-1,286

57

-123

129

(195)

Distribution expenses

-196

-178

(10)

-61

-34

(79)

Administrative expenses

-410

-509

19

-112

-78

(43)

Profit/(loss) from operating activities

2,612

-871

400

724

418

73

Finance costs

-205

-171

(20)

-47

-48

2

Profit/(Loss) before taxation

2,407

-1,042

331

677

370

83

Taxation charge

-17

42

(140)

-2

-10

84

Profit/(Loss) after taxation

2,390

-1,000

339

676

360

88

Total comprehensive income transferred to retained earnings

2,390

-1,000

339

676

360

88

Earnings/(Loss) per share (kobo)

614.2

-257.0

339

173.6

92.4

88

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 2023

195

-

997

-

731

1,923

Profit/(Loss)

2,390

2,390

Other comprehensive income

-

Deficit on revaluation of property

-

Depreciation written back on revaluation of property

-

Total comprehensive (loss)/income for the year

-

-

-

-

2,390

2,390

Contributions by and distributions to owners:

Dividends paid

-

Total contributions by and distributions to owners

-

-

-

-

-

-

At 30 September 2024

195

-

997

-

3,121

4,313

At 1 October 2022

195

-

676

-

1,731

2,602

Profit/(Loss)

(1,000)

(1,000)

Other comprehensive income

-

Surplus on revaluation of property

321

321

Depreciation written back on revaluation of property

-

Total comprehensive (loss)/income for the year

-

-

321

-

(1,000)

(679)

Contributions by and distributions to owners:

Dividends paid

-

Total contributions by and distributions to owners

-

-

-

-

-

-

At 30 September 2023

195

-

997

-

731

1,923

30TH SEPT. 30TH SEPT.

Notes

2024

2023

%

N'm

N'm CHANGE

Cash flows from operating activities

Cash received from customers

3,443

1,986

73

Cash paid to suppliers and employees

-3,901

-1,250

-212

Input VAT

94

93

1

Output VAT

-98

-96

-2

Income tax paid

-33

-3

-994

Net cash provided by operating activities

6

-495

731

-168

Cash flows from investing activities

Purchase of fixed assets

-168

-28

-512

Proceeds from sale of fixed assets

132

100

Net cash provided by investing activities

-168

105

-261

Cash flows from financing activities

Proceeds from/(Repayment) of loans and borrowings

-107

-173

-38

Finance cost

-205

-25

-721

Net cash provided by financing activities

-312

-198

-58

Net (decrease)/increase in cash and cash equivalents

-975

637

-253

Cash and cash equivalents at 1 October

1,014

377

169

Closing cash and cash equivalents

5

39

1,014

-96

CUMULATIVE

CUMULATIVE

QTR 4

QTR 4

NOTES

30TH SEPT.

30TH SEPT.

30TH SEPT.

30TH SEPT.

2024

2023

2024

2024

N'm

N'm

N'm

N'm

1

Revenue

Technical products and leasing services

2,920

1,504

179

1,002

Yamaha

14

1

1

0

Central

399

329

129

75

3,333

1,834

309

1,077

30TH JUN.

30TH SEPT

2024

2023

2

Inventory

N'm

N'm

Finished goods

243

246

Spart parts

13

11

Work- in- progress

0

0

256

257

Impairment

-28

-22

228

235

3

Trade and other receivables

N'm

N'm

Trade receivables

136

246

Withholding tax receivable

1,918

1,857

Others

22

115

2,076

2,218

Provisions

-656

-657

1,420

1,561

4

Trade and other payables

N'm

N'm

Trade payables

0

202

Accruals and provisions

1,434

1,307

Deferred revenue

341

1,098

Other payables

177

192

1,952

2,799

30TH SEPT.

30TH SEPT.

2024

2023

5

Cash and cash equivalents

N'm

N'm

Cash in bank

39

1,014

As per statement of cash flow

39

1,014

N'm

N'm

Profit/(loss) after tax

2,390

-1,000

Adjustments to reconcile profit to net cash provided by operating activities

Depreciation

59

22

Interest paid

205

197

Fair value gain in the year

-1,100

0

Finance income

0

0

(Profit)/Loss on sale of fixed assets

0

-24

Changes in assets and liabilities

Decrease/(increase) in inventories

7

(26)

Decrease/(Increase) in associate

243

0

Decrease/(increase) in trade and other receivables

141

211

Decrease/(increase) in prepayments

1

6

Increase/(decrease) in trade and other payables

(847)

223

Decrease/(increase) in amount due from related companies

5,823

(2,991)

Increase/(decrease) in amount due to related companies

(7,347)

4,091

Increase/(decrease) in taxation

(16)

(7)

Increase/(decrease) in employee's benefits

(54)

30

Net adjustment

-2,885

1,731

Net cash provided by operating activities

-495

731

NOTES

7. Property, plant and equipment

1,289

632

325

24

35

232

44

26

94

55

LEASEHOLD

LEASEHOLD

PLANT &

FURNITURE

MOTOR VEH.

COMPUTERS &

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

1,289

632

325

24

35

232

44

26

94

55

2,756

Additions

45

16

11

6

88

2

0

0

168

Reclassifications

0

Revaluation surplus

0

Disposal

Closing

1,289

677

341

35

41

320

46

26

94

55

2,924

Depreciation

Opening

257

14

29

188

38

1

87

0

614

Additions

8

7

1

2

27

6

3

2

0

56

Reclassifications

0

Revaluation

0

Disposal

0

Closing

0

8

264

15

31

215

44

4

89

0

670

Closing NBV

1,289

668

78

19

10

105

3

22

5

55

2,254

Opening NBV

1,289

632

68

10

6

44

6

25

7

55

2,142

30TH SEPT

30TH SEPT

2024

2023

8. Investment properties

N'm

N'm

Opening

3,317

3,010

Additions

0

Reclassifications

Fair value gain

1,100

307

Disposal

0

0

Closing

4,417

3,317

9. Assets acquired under finance lease

Cost

N'm

N'm

Opening

77

77

Additions

0

0

Reclassifications

Revaluation

Disposal

0

0

Closing

77

77

Depreciation

Opening

74

74

Additions

3

0

Reclassifications

Revaluation

Disposal

0

0

Closing

77

74

Closing NBV

0

3

Opening NBV

3

3