Learn Africa Plc
Unaudited Financial Statement
For Third Quarter End 31st December 2022
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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 31 December 2022
2021 Q3 | 2021 Q3 | 2022 Q3 | 2022 Q3 | ||||
APR - DEC | OCT-DEC | APR - DEC | OCT-DEC | ||||
N'000 | N'000 | NOTE | N'000 | N'000 | |||
2,260,682 | 1,480,867 | Revenue | 1 | 2,859,675 | 1,510,167 | ||
(968,665) | (644,619) | Cost of sales | (1,157,774) | (615,346) | |||
1,292,017 | 836,248 | Gross profit | 1,701,901 | 894,821 | |||
24,418 | 22,000 | Other operating income | 37,203 | 4,239 | |||
(236,567) | (81,177) | Selling and distribution costs | (254,793) | (80,135) | |||
(637,113) | (207,868) | Administrative expenses | (750,600) | (252,330) | |||
442,755 | 569,203 | Operating Profit | 733,711 | 566,595 | |||
(8,775) | (8,775) | Finance costs | (14,226) | (4,007) | |||
60 | 45 | Finance income | 3,194 | 2,837 | |||
434,040 | 560,475 | Profit before tax | 722,679 | 565,425 | |||
(138,893) | (179,352) | Income tax | (231,257) | (180,936) | |||
295,147 | 381,123 | Profit for the year | 491,421 | 384,489 | |||
38.26 | 49.40 | Earning per share | 63.70 | 49.84 |
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LEARN AFRICA PLC
STATEMENT OF FINANCIAL POSITION
AS AT 31st DECEMBER 2022
2022 | 2022 | |||
DECEMBER | MARCH | |||
NOTE | N'000 | N'000 | ||
Assets | ||||
Non- current assets | ||||
Property and equipment | 2 | 419,698 | 365,161 | |
Investment properties | 290,000 | 290,000 | ||
Right of use assets | 24,987 | 6,683 | ||
Intangible asset | 233 | 3,995 | ||
Deferred tax asset | 228,013 | 228,013 | ||
962,931 | 893,853 | |||
Current assets | ||||
Inventories | 3 | 2,387,893 | 2,029,152 | |
Trade and other receivables | 4 | 1,022,541 | 1,710,125 | |
Prepayments | 5 | 43,466 | 36,698 | |
Cash and short- term deposits | 6 | 677,649 | 274,775 | |
4,131,549 | 4,050,750 | |||
Total assets | 5,094,480 | 4,944,603 | ||
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 | 1,458,135 | 1,121,004 | ||
Total equity | 3,851,777 | 3,514,646 | ||
Current liabilities | ||||
Trade and other payables | 7 | 996,020 | 1,236,338 | |
Income tax payable | 246,682 | 193,619 | ||
Total Liabilities | 1,242,702 | 1,429,957 | ||
Total equity and Liabilities | 5,094,480 | 4,944,603 | ||
The Financial Statements was approved by the Board of Directors on 26 January 2022 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 31 st DECEMBER 2022
OTHER | |||||||||
ISSUED | SHARE | CAPITAL | RETAINED | ||||||
CAPITAL | PREMIUM | RESERVES | EARNINGS | TOTAL | |||||
N'000 | N'000 | N'000 | N'000 | N'000 | |||||
As at 1 April 2021 | 385,725 | 1,940,214 | 67,703 | 835,139 | 3,228,781 | ||||
Profit for the year | 401,582 | 401,582 | |||||||
Dividend | (115,717) | (115,717) | |||||||
As at 31st March 2022 | 385,725 | 1,940,214 | 67,703 | 1,121,004 | 3,514,646 | ||||
As at 1 April 2022 | 385,725 | 1,940,214 | 67,703 | 1,121,004 | 3,514,646 | ||||
Profit for the Period | 491,421 | 491,421 | |||||||
Dividend | (154,290) | (154,290) | |||||||
As at December 2022. | 385,725 | 1,940,214 | 67,703 | 1,458,135 | 3,851,777 | ||||
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