Learn Africa Plc
Quarter 1 Unaudited Financial Statement 1st April 2023 to 30th June 2023
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Contents
Statement of Comprehensive Income | 3 |
Statement of Financial Position | 4 |
Statement of Changes in Equity | 5 |
Statement of Cash Flow | 6 |
Notes to the Financial Statements | 7 |
Free float Computation | 10 |
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LEARN AFRICA PLC
Statement of Profit or loss and other Comprehensive Income For period ended 30 June
2023 Q1 | ||
JUNE | ||
NOTE | N'000 | |
Revenue | 1 | 599,841 |
Cost of sales | (240,110) | |
Gross profit | 359,731 | |
Other operating income | 21,433 | |
Selling and distribution costs | (115,270) | |
Administrative expenses | (248,236) | |
Operating (Loss)/Profit | 17,658 | |
Finance costs | - | |
Finance income | 2,616 | |
Profit before tax | 20,274 | |
Income tax | (6,082) | |
Profit/(Loss) for the year | 14,192 |
2022 Q1
JUNE
N'000
229,599
(105,011)
124,588
12,890
(96,553)
(239,555)
(198,630)
-
221
(198,409)
-
(198,409)
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LEARN AFRICA PLC | ||||||
STATEMENT OF FINANCIAL POSITION | ||||||
2023 | 2023 | |||||
JUNE | MARCH | |||||
DESCRIPTION | NOTE | N'000 | N'000 | |||
Assets | ||||||
Non- current assets | ||||||
Property and equipment | 2 | 432,999 | 466,549 | |||
Investment properties | 305,000 | 305,000 | ||||
Right of use assets | 30,303 | 18,953 | ||||
Intangible asset | 9,406 | - | ||||
Deferred tax asset | 282,855 | 282,855 | ||||
1,060,563 | 1,073,357 | |||||
Current assets | ||||||
Inventories | 3 | 2,856,426 | 2,226,194 | |||
Trade and other receivables | 4 | 1,056,489 | 799,402 | |||
Prepayments | 5 | 63,860 | 37,726 | |||
Cash and short- term deposits | 6 | 451,539 | 1,055,716 | |||
4,428,314 | 4,119,038 | |||||
Total assets | 5,488,877 | 5,192,395 | ||||
Equity and liabilities | ||||||
Equity | ||||||
Issued share capital | 385,725 | 385,725 | ||||
Share premium | 1,940,214 | 1,940,214 | ||||
Other capital reserves | 67,703 | 67,703 | ||||
Retained earnings | 1,410,434 | 1,396,242 | ||||
Total equity | 3,804,076 | 3,789,884 | ||||
Current liabilities | ||||||
Trade and other payables | 7 | 984,251 | 1,013,378 | |||
Provisions | 147,089 | 139,469 | ||||
Income tax payable | 253,461 | 247,379 | ||||
Interest bearing loans and borrowings | 300,000 | 2,285 | ||||
Total Liabilities | 1,684,801 | 1,402,511 | ||||
Total equity and Liabilities | 5,488,877 | 5,192,395 | ||||
The Financial Statements was approved by the Board of Directors on 20 July 2023 and signed on their behalf by:
Alhaji Hassan Bala | Ojeile Cordelia (Mrs) |
Managing Director | Finance Director |
(FRC/2016/IODN/00000015071) | (FRC /2014/ICAN/00000002038) |
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LEARN AFRICA PLC
STATEMENT OF CHANGES OF EQUITY
FOR PERIOD ENDED 30 JUNE 2023
OTHER | |||||||||
ISSUED | SHARE | CAPITAL | RETAINED | ||||||
CAPITAL | PREMIUM | RESERVES | EARNINGS | TOTAL | |||||
N'000 | N'000 | N'000 | N'000 | N'000 | |||||
As at 1 April 2022 | 385,725 | 1,940,214 | 67,703 | 1,121,004 | 3,514,646 | ||||
Profit for the year | 429,532 | 429,532 | |||||||
Dividend | (154,294) | (154,294) | |||||||
As at 31st March 2023 | 385,725 | 1,940,214 | 67,703 | 1,396,242 | 3,789,884 | ||||
As at 1 April 2022 | 385,725 | 1,940,214 | 67,703 | 1,396,242 | 3,789,884 | ||||
Profit for the period | 14,192 | 14,192 | |||||||
Dividend | |||||||||
- | - | ||||||||
As at June 2023. | 385,725 | 1,940,214 | 67,703 | 1,410,434 | 3,804,076 | ||||
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