JULI PLC | ||||
STATEMENT OF FINANCIAL POSITION | ||||
SECOND QUARTER 30TH JUNE, 2025 | 30th June, 2025 | |||
6 Months Ended | 31ST DEC.2024 | |||
NOTES | 2025 | 2024 | ||
₦ | ₦ | |||
ASSETS | ||||
Non- Current Assets | ||||
Property, Plant & Equipment | 5 | 1,300 | 1,300 | |
Product Development Exps | ||||
Goodwill | 6 | 107,055,123 | 107,055,123 | |
Investments | 7 | 1,000,000 | 1,000,000 | |
Total Non-Current assets | ||||
Current Assets | ||||
Inventories | 8 | 72,824,482 | 56,109,743 | |
Trade Receivables & Prepayments | 9 | - | - | |
Cash & Cash Equivalents | 10 | 15,422,778 | 5,725,979 | |
88,247,260 | 61,835,722 | |||
TOTAL ASSETS | 196,303,683 | 169,892,145 | ||
EQUITY AND LIABILITIES | ||||
Share Capital | 10 | 274,995,625 | 274,995,625 | |
Share Premium | 524,986,874 | 524,986,874 | ||
Revaluation Reserve | 11 | 1,701,099 | 1,701,099 | |
Retained Earning | 12 | (750,770,328) | (849,309,367) | |
50,913,270 | (47,625,769) | |||
Non-Current Liabilities | ||||
Term Loan | 13 | 126,373,091 | 167,171,490 | |
Deferred Taxation | ||||
Current Liabilities | ||||
Trade Payables & Accruals | 14 | 19,017,322 | 23,795,509 | |
Other Payables | - | 26,550,916 | ||
Tax Payable | 15 | - | - | |
Related Party- MIDAS Investment Property | 16a | - | - | |
Related Party- TBT NIG. LIMITED | 16b | - | - | |
19,017,322 | 217,517,915 | |||
TOTAL LIABILITIES | ||||
TOTAL EQUITY & LIABILITIES | 196,303,683 | 169,892,145 | ||
} | ||||
} | Directors | |||
The Accounting Policies and notes form part of these Financial Statements | ||||
Prince Julius Adelusi-Adeluyi, OFR, mni | ||
Chairman | ||
FRC/2013/NBA/00000004555 Acting Managing Director FRC/2020/003/00000021997 Osho Olaniyi Thomas, FCA, MBA FRC/2014/ICAN/000006471 Chief Finance Officer 25th day of July, 2025 |
JULI PLC | |||
STATEMENT OF COMPREHENSIVE INCOME | |||
SECOND QUARTER, 30TH JUNE 2025 | |||
3 Months Ended | 3 Months Ended | ||
2025 | 2024 | ||
NOTE | ₦ | ₦ | |
Turnover | 129,353,857.00 | 114,221,778.42 | |
Cost of Sales | 85,836,452.59 | 75,972,910.89 | |
Gross Profit | 43,517,404.41 | 38,248,867.53 | |
ADMIN. EXPENSES | |||
Adverts & Public Relations | 95,000.00 | - | |
Insurance Expenses | - | 700,000.00 | |
Laboratory Expenses | - | 224,600.00 | |
Bank Service Charges | 166,656.64 | 661,579.93 | |
Cleaning Expense | 76,300.00 | 79,450.00 | |
Telephone Expense | 176,200.00 | 145,700.00 | |
Computer and Internet Expenses | 243,650.00 | 304,350.00 | |
License, Registration, Subscription | 2,694,000.00 | 227,400.00 | |
Vehicle Running Expenses | - | 23,500.00 | |
Vehicle Exp.Fuel & Lubricants | 1,280,000.00 | 904,500.00 | |
Vehicle Exp. Repairs & Maintenance | 938,600.00 | 568,500.00 | |
Vehicle Running Expenses - Others | - | 54,500.00 | |
Generator Expenses: Fuel & Lubricants | 7,428,000.00 | 5,990,150.00 | |
Generator Exp· Repairs & Maintenance | 731,000.00 | 1,494,100.00 | |
Printing, Postage & Stationery | 470,100.00 | 397,680.00 | |
Professional Fees: Audit | - | - | |
Other Professional Fees | 6,427,028.68 | 350,000.00 | |
Rent & Rates | - | 38,415.00 | |
General Repairs and Maintenance | 618,900.00 | 905,500.00 | |
Staff Cost | 18,000.00 | 20,500.00 | |
Staff: Salaries & Wages | 10,276,115.62 | 8,746,625.96 | |
Staff Medical Expenses | 642,085.00 | 249,550.00 | |
Staff Welfare Expenses | 165,000.00 | 214,500.00 | |
Security Expenses | 750,000.00 | 600,000.00 | |
Directors CCE | 1,592,950.00 | 1,240,000.00 | |
Selling & Distribution | - | 274,145.00 | |
Sundry Expenses | 218,435.00 | 64,400.00 | |
Local Transport: Ado - Ekiti | 60,700.00 | 68,950.00 | |
Travelling Expenses | - | 684,100.00 | |
Utilities: PHCN Bill | 28,700.00 | 434,950.00 | |
Utilities: LAWMA Bill | 181,000.00 | 180,000.00 | |
Utilities: Water Bill | 620.00 | - | |
Donation | - | 1,000,000.00 | |
Uniforms & Garments | 11,500.00 | - | |
Trainning & Development | - | - | |
Newspapers and periodicals | - | - | |
Transportation Expenses | 161,200.00 | 76,500.00 | |
Factory Overheads | - | 10,000.00 | |
Office expense | 62,250.00 | 435,350.00 | |
Entertainment | 183,150.00 | 331,800.00 | |
Depreciation | - | 243,750.00 | |
CBN Loan Repayment | 26,000,000.00 | 6,213,262.23 | |
PAYE Expenses | 71,169.95 | 2,100,000.00 | |
Fines & Penalties | - | 100,000.00 | |
Pension Expenses | 374,287.50 | 150,900.00 | |
TOTAL | 62,142,598.39 | 36,509,208.12 | |
Profit/(Loss) | (18,625,193.98) | 1,739,659.41 | |
JULI PLC | |||
STATEMENT OF COMPREHENSIVE INCOME | YEAR - DATE | YEAR - DATE | |
SECOND QUARTER, 30TH JUNE 2025 | JAN. - JUNE | JAN. - JUNE | |
6 Months Ended | 6 Months Ended | ||
2025 | 2024 | ||
NOTE | ₦ | ₦ | |
Turnover | 269,245,474.48 | 218,416,136.85 | |
Cost of Sales | 180,119,544.47 | 145,745,051.79 | |
Gross Profit | 89,125,930.01 | 72,671,085.06 | |
ADMIN. EXPENSES | |||
Adverts & Public Relations | 483,024.00 | 258,074.00 | |
Insurance Expenses | - | 700,000.00 | |
Laboratory Expenses | - | 224,600.00 | |
Bank Service Charges | 362,784.91 | 1,381,996.80 | |
Cleaning Expense | 141,300.00 | 119,400.00 | |
Telephone Expense | 339,700.00 | 288,700.00 | |
Computer and Internet Expenses | 502,050.00 | 804,200.00 | |
License, Registration, Subscription | 4,075,155.00 | 1,970,728.72 | |
Vehicle Running Expenses | - | 92,500.00 | |
Vehicle Exp.Fuel & Lubricants | 2,725,000.00 | 2,015,750.00 | |
Vehicle Exp. Repairs & Maintenance | 1,840,987.50 | 844,000.00 | |
Vehicle Running Expenses - Others | - | 57,500.00 | |
Generator Expenses: Fuel & Lubricants | 16,441,200.00 | 6,000.00 | |
Generator Exp· Repairs & Maintenance | 1,865,400.00 | 11,862,860.00 | |
Generator Running Expenses | - | 2,218,100.00 | |
Printing, Postage & Stationery | 704,150.00 | 824,810.00 | |
Professional Fees: Audit | 2,000,000.00 | 600,000.00 | |
Professional Fees: Others | 9,277,028.68 | 700,000.00 | |
Rent & Rates | 241,105.00 | 98,415.00 | |
General Repairs and Maintenance | 1,812,100.00 | 1,885,852.50 | |
Staff Cost | 18,000.00 | 47,000.00 | |
Staff: Salaries & Wages | 19,860,614.27 | 17,325,032.92 | |
Staff Medical Expenses | 1,204,447.28 | 312,630.00 | |
Staff Welfare Expenses | 497,450.00 | 487,010.00 | |
Security Expenses | 1,518,000.00 | 1,201,950.00 | |
Directors CCE | 1,921,600.00 | 1,690,000.00 | |
Selling & Distribution | - | 282,175.00 | |
Training & Development | - | 229,025.00 | |
Sundry Expenses | 4,425,870.00 | 746,785.19 | |
Local Transport | 109,000.00 | 360,000.00 | |
Travelling Expenses | - | 123,350.00 | |
Utilities: PHCN Bill | 55,200.00 | 952,100.00 | |
Utilities: LAWMA Bill | 541,800.00 | - | |
Utilities: Water Bill Ado - Ekiti | 620.00 | 28,900.00 | |
Donation | - | 1,200,000.00 | |
Uniforms & Garments | 143,500.00 | - | |
Newspapers and periodicals | - | - | |
Transportation Expenses | 288,500.00 | 181,100.00 | |
Factory Overheads | - | 10,000.00 | |
Office expense | 284,445.00 | 667,890.00 | |
Entertainment | 296,200.00 | 461,190.00 | |
Depreciation | - | 12,591,668.75 | |
CBN Loan Repayment | 46,000,000.00 | 2,385,764.92 | |
PAYE Expenses | 217,576.57 | 201,200.00 | |
Pension Expenses | 374,287.50 | 330,000.00 | |
Fines & Penalties | 100,000.00 | 487,500.00 | |
TOTAL | 120,668,095.71 | 69,255,758.80 | |
Profit/(Loss) | (31,542,165.70) | 3,415,326.26 | |
SECOND QUARTER 30TH JUNE 2025 | |||
JULI PLC | |||
BOARD OF DIRECTORS AND THEIR SHAREHOLDING | |||
SHAREHOLDERS | NO. OF SHARES DIRECT | INDIRECT | % HOLDING |
Prince Julius Adelusi-Adeluyi, OFR, mni | 57,227,746 | ################ | 37.14 |
Sir Remi Omotosho | 1,000,000 | 0.5 | |
Mrs. Juli Omoshalewa Adelusi-Adeluyi | - | - | - |
Mrs Abiola Macaulay-Rep.Access Bank | ################ | 3.25 | |
Mr. Olanrewaju Ajayi-Rep.Wema Bank | ################ | 30 | |
Mr. Sylvanus Eneche | - | 0 | |
Mrs. Lohdir Asabe Atu-Rep. Tim-Tali Invt. Ltd. | ################ | 3.75 | |
Mrs Olufunke Ogunranti | |||
Shareholders Information |
a. Holders of more than 5% of Issued Share Capital |
The following Shareholders held more than 5% of the issued share capital of the company as at 31st December, 2024 |
Shareholder |
Wema Bank Plc |
Prince Julius Adelusi-Adeluyi, OFR, mni |
Mrs. Julia Omoshalewa Adelusi-Adeluyi |
TBT Nigeria |
Midas Investment & Property Limited |
Number of |
Shares |
60,000,000 |
57,321,746 |
58,331,875 |
58,331,875 |
75,376,129 |
309,361,625 |
% of Issued |
Share Capital |
19 |
18 |
19 |
19 |
25 |
100.00 |
b. Shareholding Analysis | No. of Holders | % of Holders | Units Held | % | ||
1000 | 2067 | 45.25 | 1,161,572 | 0.58 | ||
1,001 | - | 5,000 | 1722 | 37.7 | 3,742,264 | 1.87 |
5,001 | - | 10,000 | 269 | 5.89 | 2,267,720 | 1.14 |
10,001 | - | 50,000 | 366 | 8.01 | 9,483,722 | 4.74 |
50,001 | - | 100,000 | 77 | 1.69 | 5,978,415 | 2.99 |
100,001 | - | 500,000 | 45 | 0.98 | 10,484,866 | 5.25 |
500,001 | - | 1,000,000 | 13 | 0.28 | 10,940,685 | 5.47 |
1,000,001 | - | 5,000,000 | 4 | 0.09 | 12,796,930 | 6.40 |
5,000,001 | - | 200,000,000 | 5 | 0.11 | 143,143,826 | 71.57 |
4,568 | 100 | 200,000,000 | 100 | |||
SECOND QUARTER JUNE 2025 |
JULI PLC |
SECURITY TRADING POLICY |
In compliance with Rule 17.15 Disclosure of Dealings in iss |
Rulebook of the Exchange 2015 (Issuers Rule) Juli Plc ma |
Trading Policy which guides Directors, Audit Committee me |
and all individuals categorized as insiders as to their dealin |
The Policy undergoes periodic reviews by the Board and is |
The Company has made specific inquiries of all its director |
aware of any default by any insider during the period. |
uers' Shares, intains a Security mbers, employees
g in the Company's Shares. updated accordingly.
s and other insiders and is not
STATEMENT OF CHANGES IN EQUITYSECOND QUARTER 30TH JUNE 2025 | |||||
Share Capital | Share Premium | Revaluation Reserve | Retained Earnings | Total | |
₦ | ₦ | ₦ | ₦ | ₦ | |
Balance at 1st January 2024 | 100,000,000 | - | 1,701,099 | (886,486,034) | (784,784,935) |
Total Comprehensive Income for the year | |||||
Prior year Adjustment | - | - | |||
Revaluation surplus | - | - | - | - | - |
Profit for the year | - | - | - | - | - |
Balance as at 31st December 2024 | 100,000,000 | - | 1,701,099 | (886,486,034) | (784,784,935) |
Balance as at 1st January 2025 | 100,000,000 | 37,253,015 | (886,486,034) | (749,233,019) | |
Change In Equity | - | ||||
Profit/Loss for the Second Quarter 2025 | (18,625,194) | (18,625,194) | |||
Prior Year Adjustment | - | - | |||
- | - | ||||
- | |||||
As at 30th June 2025 | 100,000,000 | - | 37,253,015 | (905,111,228) | (767,858,213) |
STATEMENT OF CASH FLOW | ||
SECOND QUARTER 30TH JUNE 2025 | 3 Months | 12 Months |
Ended | Ended | |
2025 | 2024 | |
₦ | ₦ | |
OPERATING ACTIVITIES | ||
Net Profit before interest and tax | (18,625,194) | (4,358,221) |
Adjustment for items not involving movement of cash | ||
Depreciation | 1,300 | 6,531,134 |
Prior - Year Adjustment | - | (141,489,290) |
Investment | ||
Amortisation of Product Development Expenditure | ||
Cashflow before changes in working capital | (18,623,894) | (139,316,377) |
Changes in Working Capital | ||
Decrease/(Increase) in inventories | (9,590,244) | 11,910,106 |
(Increase)/Decrease in Trade Receivables & Prepayments | - | 18,353,880 |
Increase/ (Decrease) in Due to Intercompany | - | - |
Increase/ (Decrease) in Trade Payables & Accruals | 3,338,829 | (19,678,357) |
Cashflow generated from operations | (6,251,415) | 10,585,629 |
Tax paid | - | - |
Net cashflow from Operating Activities | (6,251,415) | 10,585,629 |
INVESTING ACTIVITIES | ||
Purchase of Non-Current Assets | - | - |
Investment-Decrease | - | - |
- | - | |
FINANCING ACTIVITIES | ||
Finance charges paid | - | - |
Loan Obtained | - | - |
Loan Repayment | 26,000,000 | 7,281,650 |
Net Cashflow from Financing Activities | 26,000,000 | 7,281,650 |
Net Decrease in Cash and Cash Equivalents | (2,874,258) | 8,353,880 |
Cash and Cash equivalent at the beginning of the year | 163,810 | 425,390 |
Prior-Year Adjustment | - | - |
Cash and Cash equivalent at the end of the year | (2,710,448) | 8,779,270 |
Represented By: | ||
Cash and Bank | (2,710,448) | 8,779,270 |
Bank Overdraft | ||
(2,710,448) | 8,779,270 | |
SECOND QUARTER JUNE.2025 | |||||||||||||||
5 | Property, Plant and Equipment | ||||||||||||||
25% | 20% | 20% | 20% | 20% | 20% | ||||||||||
Motor | Furniture | Office | Laboratory | Computer | Plant & | Total | |||||||||
Vehicle | & Fittings | Equipment | Equipment | Software | Machinery | ||||||||||
₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | ₦'000 | |||||||||
Cost | |||||||||||||||
Balance b/fwd | 24,900,000 | 6,936,000 | 2,821,000 | 7,321,000 | 3,629,000 | 39,685,000 | 85,292,000 | ||||||||
Additions: | - | - | - | - | - | - | - | ||||||||
Disposal | - | - | - | - | - | - | - | ||||||||
As at 31st December.2024 | 24,900,000 | 6,936,000 | 2,821,000 | 7,321,000 | 3,629,000 | 39,685,000 | 85,292,000 | ||||||||
Accumulated Depreciation | |||||||||||||||
Balance b/fwd | 24,899,800 | 6,936,000 | 2,821,000 | 7,320,900 | 3,629,000 | 39,684,000 | 85,290,700 | ||||||||
Charges for the period | - | - | - | - | - | - | - | ||||||||
Disposal | - | - | - | - | - | - | - | ||||||||
As at 31st December.2024 | 24,899,800 | 6,936,000 | 2,821,000 | 7,320,900 | 3,629,000 | 39,684,000 | 85,290,700 | ||||||||
Net Book Value | |||||||||||||||
As at 31st December.2024 | 200 | - | - | 100 | - | 1,000 | 1,300 | ||||||||
2025 |
₦'000 |
2024 |
₦'000 |
6 | Investments (Market Value; N) |
These are fixed Deposits held with | |
WEMA Bank |
1,000,000 1,000,000
Goodwill 107,055,123 116,503,518
7 | Inventories |
Pharmaceuticals | |
Household & Consumer Goods | |
Laboratory | |
Raw Material |
62,957,723 |
9,014,943 |
708,472 |
143,345 |
72,824,482 |
80,498,473 |
1,772,909 |
- |
143,345 |
82,414,727 |
8 | Trade and other receivables |
Trade receivables | |
Other receivables | |
Cash Advance Ado Ekiti | |
Cash Advance- Ikeja |
- |
- |
5,642,108 |
5,062,235 |
10,704,343.00 |
- |
- |
5,642,108 |
5,062,235 |
10,704,343.00 |
9 | Cash and Bank Balances |
Bank Balances | |
Cash Balances |
15,258,968 |
163,810 |
15,422,778 |
18,297,036 |
735,190 |
19,032,226 |
10 | Share Capital |
Authorised: | |
200,000,000 ordinary shares at 50k each |
100,000 100,000
Issued and Fully Paid: |
200,000,000 ordinary shares of 50k each |
200,000 99,953
11 | Revaluation Reserve |
Balance Brought Forward | |
Profit for the 2nd Qtr. 30th June |
1,976,189 |
(18,625,194) |
(16,649,005) |
236,529 |
1,739,659 |
1,976,189 |
The land & Building of the company was revalued by |
Messrs Odudu & Co registered Estate |
Surveyor and Valuer in September 2009 resulting in |
a revaluation surplus of ₦199,275,985 |
2025 |
₦'000 |
2024 |
₦'000 |
12 | Profit & Loss Account |
Balance Brought Forward | |
Profit & Loss Account | |
Prior Year Adjustment |
3,479,318 |
(18,625,194) |
- |
(15,145,876) |
1,739,659 |
1,739,659 |
- |
3,479,318 |
13 | Term Loan |
WEMA Bank Plc (Restructured) |
126,373,091 69,349,133
14 | Trade Payables and Accruals |
Trade Payables | |
Alpha Pharmacy |
10,016,322 |
9,001,000 |
19,017,322 |
6,677,493 |
9,001,000 |
15,678,493 |
Other Payables |
Tax (PAYE) Payables |
Accrued Audit Fee |
Wages Control (Net Pay Control) |
Other Payables |
Rent Outstanding due to Chairman |
Pension Fund- Payable |
Directors Current Account |
Accrued Directors Renumeration |
VAT Account |
Rent Received in Advance |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
19,017,322 |
- |
- |
- |
34,000,000 |
529,499,998 |
- |
51,220,000 |
114,000,000 |
- |
- |
728,719,998 |
744,398,491 |
15 | Taxation |
Brought Forward | |
Provision for the Year |
- |
- |
- |
- |
- |
- |
16 | Related Party Transaction |
Loan from MIDAS Investment Property Ltd |
- 10,762,500
2025 |
₦'000 |
2024 |
₦'000 |
17 | Revenue |
Pharmaceuticals | |
Household & Consumer Goods | |
Laboratory | |
Raw Material |
111,133,902 |
10,515,744 |
7,704,211 |
- |
129,353,858 |
6,221,602 |
108,000,176 |
- |
- |
114,221,778 |
18 | Other Income |
Interest on Fixed Deposit | |
Rental Income | |
EXTENDED NETWORK | |
CLINIC | |
NIPOST |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
19 | Cost of Sales |
Pharmaceuticals | |
Household & Consumer Goods | |
Laboratory | |
Water Sales |
77,793,732 |
7,361,021 |
681,700 |
- |
85,836,453 |
4,355,122 |
71,617,789 |
- |
- |
75,972,911 |
20 | |
a | Profit Before Taxation |
Profit before taxation is stated after charging: | |
Depreciation | |
Directors' Emoluments: |
Employees' Costs |
Auditors' Fee |
Employee Cost and Directors' Remuneration |
Employee costs during the year comprise: |
1,300 | 4,264,600 |
10,276,116 | 8,746,626 |
10,276,116 | 8,746,626 |
b
ii |
Directors' remuneration including pension contributions for Directors of the company for |
the year other than Executive Directors charged to profit or loss account are as follows: |
- |
- |
- |
- |
2025 |
Number |
2024 |
Number |
c | Average number of full time persons employed |
during the year: |
2 |
2 |
5 |
2 |
2 |
5 |
d | Average number of management and non-management |
5 |
16 |
5 |
16 |
e | High paid employees of the company, other than |
Directors who received remuneration of N1,000,000 | |
and above per annum (excluding pension contribution) |
2025 |
₦'000 |
2024 |
₦'000 |
21 | Profit Before Taxation |
a | Per Income Statement |
Income tax based on taxable Profit | |
Education tax | |
Current year charge | |
Deferred tax | |
Income tax charge/(credit) |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
b | Per Statement of Financial Position |
As at 1st January 2020 | |
Current year charge | |
Payment | |
Balance as at 31st December, 2024 |
- |
- |
- |
- |
- |
- |
- |
- |
The charge for income tax is based on the provision of |
the Income Tax Act CAP C21 LFN 2004 |
as amended and Education Tax Act, CAP E4 LFN 2004. |
22 | Related Party Transactions |
The company transacts business with Midas | |
Investment Properties Limited. The amount due to | |
related parties are disclosed in Note 12 |
23 | Guarantees and othe financial obligations |
The company does not have any guarantee |
24 | Litigations and Claims |
The company has no litigations or outstanding | |
claims against it |
25 | Post Financial Position Events |
There are no significant post balance sheet events which | |
could have material effect on | |
the state of affairs of the company as at 31st December, 2024. |
26 | Reclassification of Comparative figures |
Certain prior year balances have been reclassified to | |
enhance comparability with current year balances |
2025 |
₦'000 |
2024 |
₦'000 |
16
Adverts & Public Relations |
Insurance Expenses |
Laboratory Expenses |
Bank Service Charges |
Cleaning Expense |
Telephone Expense |
Computer and Internet Expenses |
License, Registration, Subscription |
Vehicle Running Expenses |
Vehicle Exp.Fuel & Lubricants |
Vehicle Exp. Repairs & Maintenance |
Vehicle Running Expenses - Others |
Generator Expenses: Fuel & Lubricants |
Generator Exp· Repairs & Maintenance |
Printing, Postage & Stationery |
Professional Fees: Audit |
Professional Fees:Others |
Rent & Rates |
General Repairs and Maintenance |
Staff Cost |
Staff: Salaries & Wages |
Staff Medical Expenses |
Staff Welfare Expenses |
Security Expenses |
Directors CCE |
Selling & Distribution |
Sundry Expenses |
Local Transport: Ado - Ekiti |
Travelling Expenses |
Utilities: PHCN Bill |
Utilities: LAWMA Bill |
Utilities: Water Bill |
Donation |
Uniforms & Garments |
Trainning & Development |
Newspapers and periodicals |
Transportation Expenses |
Factory Overheads |
Office expense |
Entertainment |
Depreciation |
CBN Loan Repayment |
Pension Expenses |
Fines & Penalty |
PAYE Expenses |
95,000.00 |
- |
- |
166,656.64 |
76,300.00 |
176,200.00 |
243,650.00 |
2,694,000.00 |
- |
1,280,000.00 |
938,600.00 |
- |
7,428,000.00 |
731,000.00 |
470,100.00 |
6,427,028.68 |
- |
- |
618,900.00 |
18,000.00 |
10,276,115.62 |
642,085.00 |
165,000.00 |
750,000.00 |
1,592,950.00 |
- |
218,435.00 |
60,700.00 |
- |
28,700.00 |
181,000.00 |
620.00 |
- |
11,500.00 |
- |
- |
161,200.00 |
- |
62,250.00 |
183,150.00 |
- |
26,000,000.00 |
374,287.50 |
- |
71,169.95 |
- |
62,142,598.39 |
- |
700,000.00 |
224,600.00 |
661,579.93 |
79,450.00 |
145,700.00 |
304,350.00 |
227,400.00 |
23,500.00 |
904,500.00 |
568,500.00 |
54,500.00 |
5,990,150.00 |
1,494,100.00 |
397,680.00 |
- |
350,000.00 |
38,415.00 |
905,500.00 |
20,500.00 |
8,746,625.96 |
249,550.00 |
214,500.00 |
600,000.00 |
1,240,000.00 |
274,145.00 |
64,400.00 |
68,950.00 |
684,100.00 |
434,950.00 |
180,000.00 |
- |
1,000,000.00 |
- |
- |
- |
76,500.00 |
10,000.00 |
435,350.00 |
331,800.00 |
243,750.00 |
6,213,262.23 |
150,900.00 |
100,000.00 |
2,100,000.00 |
- |
36,509,208.12 |