JULI PLC
QUARTERLY REPORT
FOURTH QUARTER ENDED 31ST DECEMBER 2021
19, KODESOH STREET IKEJA LAGOS STATE.
JULI PLC | |||||
STATEMENT OF FINANCIAL POSITION | |||||
FOURTH QUARTER, 2021 | |||||
31ST Dec. Months | 31ST Dec. Months | ||||
NOTES | 2021 | 2020 | |||
₦ | ₦ | ||||
ASSETS | |||||
Non- Current Assets | |||||
Property, Plant & Equipment | 1 | 197,813 | 208,356 | ||
Product Development Exps | 2 | ||||
Investments | 3 | 1,000 | 1,000 | ||
Total Non-Current assets | 198,813 | 209,356 | |||
Current Assets | |||||
Inventories | 4 | 16,728 | 18,404 | ||
Trade Receivables & Prepayments | 5 | 22,090 | 22,090 | ||
Cash & Cash Equivalents | 6 | 1,114 | 6,644 | ||
39,932 | 47,138 | ||||
TOTAL ASSETS | 238,745 | 256,494 | |||
EQUITY AND LIABILITIES | |||||
Share Capital | 7 | 99,952,502 | 99,952,502 | ||
Share Premium | 8 | ||||
Revaluation Reserve | 9 | 236,529,405 | 236,529,405 | ||
Retained Earning | 10 | (386,258,971) | (381,026,000) | ||
(49,777,064) | (44,544,093) | ||||
Non-Current Liabilities | |||||
Term Loan | 11 | 150,711,322 | 188,298 | ||
Deferred Taxation | |||||
Current Liabilities | |||||
Trade Payables & Accruals | 12 | 110,963 | 88,220 | ||
Tax Payable | 13 | 16,086 | 16,063 | ||
Related Party- MIDAS Investment Property | 14 | 10,762 | 8,456 | ||
Bank Overdraft | 15 | ||||
137,811 | 112,739 | ||||
Total Liabilities | 288,522 | 301,037 | |||
TOTAL EQUITY & LIABILITIES | 238,745 | 256,494 | |||
} | |||||
} | Directors | ||||
The Accounting Policies and notes form part of these Financial Statements | |||||
Prince Julius Adelusi-Adeluyi, OFR, mni
Chairman
FRC/2013/NBA/00000004555
Mrs Julia Omoshalewa Adelusi-Adeluyi
Acting Managing Director
FRC/2020/003/00000021997
Mr. Oluwaseun Sobande, ACA
FRC/2014/ICAN/00000010440
Chief Finance Officer
28th day of January, 2022
JULI PLC
STATEMENT OF COMPREHENSIVE INCOME
FOR THE FOURTH QUARTER 2021
3 Months Ended | 3 Months Ended | ||
2021 | 2020 | ||
NOTE | ₦ | ₦ | |
Turnover | 88,754,954 | 84,039,473.97 | |
Cost of Sales | 53,707,186 | 59,913,093.61 | |
Gross Profit | 35,047,768.57 | 24,126,380.36 | |
ADMIN. EXPENSES | |||
Adverts & Public Relations | 248,500.00 | - | |
Bank Service Charges | 247,656.24 | 243,795.40 | |
Cleaning Expense | 61,250.00 | 53,130.00 | |
Telephone Expense | 184,500.00 | 170,900.00 | |
Computer and Internet Expenses | 132,300.00 | 598,000.00 | |
Laboratory Expenses | 267,800.00 | - | |
License, Registration, Subscription | 405,515.00 | 151,615.00 | |
Vehicle Exp.Fuel & Lubricants | 789,500.00 | 254,700.00 | |
Vehicle Exp. Repairs & Maintenance | 627,900.00 | 559,100.00 | |
Vehicle Running Expenses | - | - | |
Generator Expenses: Fuel & Lubricants | 2,397,130.00 | 1,397,450.00 | |
Generator Exp· Repairs & Maintenance | 316,600.00 | 177,000.00 | |
Generator Running Expenses | - | 91,480.00 | |
Printing, Postage & Stationery | 142,100.00 | 249,130.00 | |
Professional Fees: Audit & Others | - | 600,000.00 | |
Rent & Rates | - | - | |
General Repairs and Maintenance | 1,178,800.00 | 1,269,670.00 | |
Staff: Salaries & Wages | 10,799,255.47 | 8,791,439.95 | |
Staff Medical Expenses | 163,655.00 | 45,332.00 | |
Staff Welfare | 397,840.00 | 271,000.00 | |
Security Expenses | 531,350.00 | 451,500.00 | |
Directors CCE | 79,980.00 | - | |
Sundry Expenses | 278,770.00 | 791,955.00 | |
Selling & Distribution Expenses | 20,000.00 | - | |
Local Transport - Ado - Ekiti | 162,130.00 | - | |
Donation Expenses | 250,000.00 | - | |
Utilities: PHCN Bill | 798,640.00 | 499,745.00 | |
Utilities: LAWMA Bill | 132,400.00 | 160,000.00 | |
Utilities: Water Bill | 3,471.82 | - | |
Uniforms & Garments | - | - | |
Training and Development | - | - | |
Newspapers and periodicals | 18,500.00 | - | |
Transportation Expenses | 315,000.00 | 55,180.00 | |
Travelling Expenses | - | - | |
Factory Overheads | 2,569,417.00 | 1,190,065.00 | |
Office expense | 187,730.00 | 99,300.00 | |
Entertainment | 60,120.00 | 201,730.00 | |
Depreciation | 4,285,595.25 | 3,955,750.00 | |
Loan Repayment | 145,536.06 | 1,893,112.66 | |
Midas Investment | - | 250,000.00 | |
TOTAL | 28,198,941.84 | 24,472,080.01 | |
- | - | ||
Profit/(Loss) | 6,848,826.73 | (345,699.65) |
JULI PLC
STATEMENT OF COMPREHENSIVE INCOME
FOURTH QUARTER, 2021
12 Months Ended | 12 Months Ended | ||
2021 | 2020 | ||
NOTE | ₦ | ₦ | |
Turnover | 372,102,524.92 | 247,450,191.98 | |
Cost of Sales | 250,313,416 | 176,802,797.90 | |
Gross Profit | 121,789,108.88 | 70,647,394.08 | |
ADMIN. EXPENSES | |||
Adverts & Public Relations | 251,200.00 | 25,000.00 | |
Bank Service Charges | 945,763.33 | 841,062.27 | |
Cleaning Expense | 255,670.00 | 323,050.00 | |
Telephone Expense | 635,700.00 | 753,700.00 | |
Computer and Internet Expenses | 351,265.00 | 681,625.00 | |
Laboratory Expenses | 267,800.00 | - | |
License, Registration, Subscription | 1,458,733.87 | 1,284,201.52 | |
Vehicle Exp.Fuel & Lubricants | 2,283,600.00 | 1,487,500.00 | |
Vehicle Exp. Repairs & Maintenance | 1,484,600.00 | 1,689,330.00 | |
Vehicle Running Expenses | 43,000.00 | - | |
Generator Expenses: Fuel & Lubricants | 8,866,780.00 | 6,792,115.00 | |
Generator Exp· Repairs & Maintenance | 2,387,180.00 | 642,240.00 | |
Generator Running Expenses | - | 182,960.00 | |
Printing, Postage & Stationery | 720,000.00 | 848,930.00 | |
Professional Fees: Audit & Others | 612,000.00 | 2,720,000.00 | |
Rent & Rates | 3,100,000.00 | 2,000,000.00 | |
General Repairs and Maintenance | 2,853,710.00 | 3,257,237.75 | |
Staff: Salaries & Wages | 39,415,874.91 | 27,692,826.72 | |
Staff Medical Expenses | 349,595.00 | 95,982.00 | |
Staff Welfare | 475,500.00 | 293,450.00 | |
Security Expenses | 2,073,350.00 | 1,833,780.00 | |
Directors CCE | 233,720.00 | 108,000.00 | |
Sundry Expenses | 1,365,364.00 | 1,312,900.00 | |
Selling & Distribution | 20,000.00 | - | |
Local Transport - Ado - Ekiti | 212,500.00 | - | |
Donation Expenses | 250,000.00 | - | |
Travelling Expenses | 41,500.00 | - | |
Utilities: PHCN Bill Ado - Ekiti | - | 31,400.00 | |
Utilities: PHCN Bill | 2,412,035.00 | 1,862,949.52 | |
Utilities: LAWMA Bill | 498,400.00 | 440,000.00 | |
Utilities: Water Bill | 4,076.57 | 9,000.00 | |
Uniforms & Garments | 500.00 | 112,500.00 | |
Training and Development | - | 50,000.00 | |
Newspapers and periodicals | 57,450.00 | 46,850.00 | |
Transportation Expenses | 609,820.00 | 547,885.00 | |
Factory Overheads | 8,225,589.00 | 1,675,665.00 | |
Office expense | 544,780.00 | 838,740.00 | |
VAT/LIRS/FIRS/FRC/NSE | 118,607.00 | 87,581.67 | |
Entertainment | 472,500.00 | 660,370.00 | |
Depreciation | 15,963,541.75 | 15,823,000.00 | |
Loan Repayment | 26,910,374.51 | 18,247,394.64 | |
Midas Investment | 250,000.00 | 2,250,000.00 | |
TOTAL | 127,022,079.94 | 97,549,226.09 | |
Profit/(Loss) | (5,232,971.06) | (26,901,832.01) |
FOURTH QUARTER 2021 | |||
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 | 6,490,000 | 3.25 | |
Mr. Olanrewaju Ajayi-Rep.Wema Bank | ################## | 30 | |
Mr. Sylvanus Eneche | - | 0 | |
Mrs. Lohdir Asabe Atu-Rep.Tim-Tali Invt. Ltd. | 7,500,000 | 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, 2021
Number of | % of Issued | ||||||
Shareholder | Shares | Share Capital | |||||
Wema Bank Plc | 60,000,000 | 30.00 | |||||
Prince Julius Adelusi-Adeluyi, OFR, mni | 57,227,746 | 28.63 | |||||
Midas Investment & Property Limited | 17,044,254 | 8.53 | |||||
134,272,000 | 67.16 | ||||||
% of | |||||||
Holders | Holders | ||||||
b. Shareholding Analysis | No. of Holders | % of Holders | Units Held | % | |||
1.00 | 1000 | 2067 | 45.25 | 1,161,572 | 0.55 | ||
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 | 143,111,724 | 71.57 | |
4,568 | 100 | 199,967,898 | 99.98 |
This is an excerpt of the original content. To continue reading it, access the original document here.