Learn Africa Plc
Unaudited Financial Statement
For Fourth Quarter End 31st March 2023
1
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 |
2
LEARN AFRICA PLC
Statement of Profit or loss and other Comprehensive Income
For Year ended 31 March 2023
2021/22 Q4 | 2021/22 Q4 | 2022/23 Q4 | 2022/23 Q4 | ||
APR - MAR | JAN - MAR | APR - MAR | JAN - MAR | ||
N'000 | N'000 | NOTE | N'000 | N'000 | |
3,698,162 | 1,437,480 | Revenue | 1 | 3,472,592 | 612,917 |
(1,964,344) | (995,679) | Cost of sales | (1,570,345) | (412,571) | |
1,733,818 | 441,801 | Gross profit | 1,902,247 | 200,346 | |
59,909 | 35,491 | Other operating income | 44,535 | 7,332 | |
(480,376) | (243,809) | Selling and distribution costs | (409,909) | (105,116) | |
(725,862) | (88,749) | Administrative expenses | (874,297) | (173,698) | |
587,489 | 144,734 | Operating Profit/ (Loss) | 662,576 | (71,136) | |
(13,451) | (4,676) | Finance costs | (14,226) | - | |
198 | 138 | Finance income | 10,746 | 7,552 | |
574,236 | 140,196 | Profit/(Loss) before tax | 659,096 | (63,584) | |
(172,654) | (44,863) | Income tax | (210,911) | 20,347 | |
401,582 | 95,333 | Profit/(Loss) for the year | 448,185 | (43,237) | |
52.06 | Earnings per share | 58.10 | |||
3
LEARN AFRICA PLC
STATEMENT OF FINANCIAL POSITION
AS AT 31st MARCH 2023
2023 | 2022 | |||
MARCH | MARCH | |||
NOTE | N'000 | N'000 | ||
Assets | ||||
Non- current assets | ||||
Property and equipment | 2 | 457,170 | 365,162 | |
Investment properties | 305,000 | 290,000 | ||
Right of use assets | 32,576 | 6,683 | ||
Intangible asset | - | 3,995 | ||
Deferred tax asset | 228,013 | 228,013 | ||
1,022,761 | 893,853 | |||
Current assets | ||||
Inventories | 3 | 2,220,423 | 2,029,152 | |
Trade and other receivables | 4 | 738,984 | 1,710,125 | |
Prepayments | 5 | 24,103 | 36,698 | |
Cash and short- term deposits | 6 | 1,031,999 | 274,775 | |
4,015,509 | 4,050,750 | |||
Total assets | 5,038,270 | 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 | 1,414,899 | 1,121,004 | ||
Total equity | 3,808,541 | 3,514,646 | ||
Current liabilities | ||||
Trade and other payables | 7 | 1,018,818 | 1,236,338 | |
Income tax payable | 210,911 | 193,619 | ||
Total Liabilities | 1,229,729 | 1,429,957 | ||
Total equity and Liabilities | 5,038,270 | 4,944,603 | ||
The Financial Statements were approved by the Board of Directors on 27 April 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) |
4
LEARN AFRICA PLC
STATEMENT OF CHANGES OF EQUITY
FOR PERIOD ENDED 31 st MARCH 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 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 | 448,185 | 448,185 | |||||||
Dividend | (154,290) | (154,290) | |||||||
As at 31st March 2023 | 385,725 | 1,940,214 | 67,703 | 1,414,899 | 3,808,541 | ||||
5
This is an excerpt of the original content. To continue reading it, access the original document here.