Legend Internet PlcNSENG: LEGENDINT

Quarter 2 - financial statement for 2026

Jun 1, 2026 at 6:17 PM UTC · MarketScreener

LEGEND INTERNET PLC

UNAUDITED MANAGEMENT REPORT FOR THE PERIOD ENDED 31, JANUARY 2026

Management financial statements For the period ended 31 January 2026

Table of Contents

Corporate information i

Statement of financial position 1

Statement of profit or loss and other comprehensive income 2

Statement of Changes in Equity 3

Statement of cashflow 4

Notes to the accounts 5-16

Statement of value added 17

Management financial statements For the period ended 31 January 2026

CORPORATE INFORMATION RC NUMBER: 1829214 DIRECTORS AND PROFESSIONAL ADVISERS DIRECTORS 1. Mr. Bruce Brai Ayonote Non-Executive Director

Mr. Suleiman Muhammad Arzika Non-Executive Director
Ms. Aisha Abdulaziz Executive Director/CEO
Mr. Ehianeta Mondritz Ebhohimhen Non-Executive Director
Mr. Ayodele Olubunmi Arogbo Non-Executive Director
Dr. Oladimeji Mobolaji Bada Chairman/Independent Director
Mr. Mohammed Yamani Shema Independent Director
Ms. Ifeyinwa Umunnakwe-Okeke Independent Director
Ms. Lydia Abayomi Independent Director

REGISTERED OFFICE 15, Bangui Street,

Off Adetokunbo Ademola Crescent, Wuse II,

Abuja, FCT, Nigeria.

BUSINESS OFFICE 15, Bangui Street,

Off Adetokunbo Ademola Crescent, Wuse II,

Abuja, FCT, Nigeria.

BANKERS

Taj Bank FCMB

Providus Bank Access Bank Tatum Bank

LEGEND INTERNET PLC

Management financial statements For the period ended 31 January 2026

RESULTS AT A GLANCE
	31-Jan-2026 ₦'000	31-Jan-2025 ₦'000
Revenue	505,360	622,637
Earnings after tax and interest	(99,338)	239,853
Retained earnings	410,745	660,367
Share capital	1,000,000	1,000,000
Shareholdersʼ funds	2,549,306	2,798,927
Per share data
Basic earnings/(loss) per share (in kobos)	(11)	12

LEGEND INTERNET PLC

Management financial statements For the period ended 31 January 2026

STATEMENT OF FINANCIAL POSITION

ASSETS	Notes	31-Jan-2026 ₦'000	31-Jul-2025 ₦'000
Non-current assets Property, plant and equipment	5	2,448,056	2,595,924
Rights-of-use	5.4	-	-
Intangible asset	5.5	15,773	17,073
Total non-current assets		2,463,829	2,612,998
Current assets Inventory	7	34,923	74,378
Receivables from clients	8.1	169,095	173,193
Other Receivables	8.2	258,528	329,228
Prepayments		203,349
Cash and cash equivalents	9	269,126	21,024
Deferred Tax Asset		54,366
Total current assets		989,387	597,823
Total assets		3,453,216	3,210,821
EQUITY AND LIABILITIES Capital and reserves Share capital	10	1,000,000	1,000,000
Deposit for shares		1,138,561	1,138,561
Retained earnings	11	410,745	700,783
Total equity		2,549,306	2,839,344
Current liabilities Trade payables	12	18,952	18,952
Other payables	13	255,370	173,791
Loan	14	564,882	75,233
Interest Provisions for tax/Current Tax	15	64,706 -	51,139
Total current liabilities		903,910	319,114
Non-Current liabilities Deferred tax liabilities	17		52,362
Total Non-current liabilities		-	52,362
Total liabilities		903,910	371,476
Total equity and liabilities		3,453,216	3,210,821

Bada Oladimeji Mobolaji Aisha Abdulaziz Chairman of the Board of Directors Chief Executive Officer FRC/2014/PRO/DIR/003/00000006009

Management financial statements For the period ended 31 January 2026

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
		3months	3months	6months	6months
	Notes	Nov25-Jan26	Nov24-Jan25	31-Jan-2026	31-Jan-2025
		₦'000	₦'000	₦'000	₦'000
Revenue	11	226,894	321,543	505,360	622,637
Cost of sales	12	(100,498)	(93,124)	(182,371)	(211,309)
Gross profit		126,396	228,418	322,989	411,328
Administrative expenses	13	(288,708)	(79,658)	(457,621)	(166,782)
Operating profit before tax & interest		(162,311)	148,760	(134,632)	244,546
Interest income
Finance cost		(63,866)	(2,346)	(64,706)	(4,693)
Operating profit before tax but after interest		(226,177)	146,414	(199,338)	239,853
Provision for Income tax (expense)/credit	10.1	-	-	-	-
Profit/(loss) for the period		(226,177)	146,414	(199,338)	239,853
Other comprehensive income
Actuarial gains/losses on defined benefit scheme		-	-	-	-
Available for sale financial asset surplus/deficit		100,000	-	100,000	-
					-

Profit/(Loss) for the period & other comprehensive income (126,177) 146,414 (99,338) 239,853

Management financial statements For the 6 month period ended 31 January 2026

STATEMENT OF CHANGES IN EQUITY

	Issued share capital	Deposit for shares	Retained Earnings	Total Equity
	₦'000	₦'000	₦'000	₦'000
At August 1 2023	10,000	2,128,561	442,440	2,581,001
Profit/(loss) for the year	-	-	115,886	115,886
Issue of share capital	990,000	(990,000)	-	-
At 31 July 2024	1,000,000	1,138,561	558,326	2,696,887
Profit/(loss) for the year	-	-	142,457	142,457
At 31 July 2025	1,000,000	1,138,561	700,783	2,839,344
At August 1 2025	1,000,000	1,138,561	700,783	2,839,344
Dividend Paid			(120,000)	(120,000)
Overstatement from prior periods			(70,700)	(70,700)
Profit/(loss) for the period			(99,338)	(99,338)
At 31January 2026	1,000,000	1,138,561	410,745	2,549,306

LEGEND INTERNET PLC

Management financial statements For the 6 months period ended 31 January 2026

STATEMENT OF CASHFLOW CASHFLOW FROM OPERATING ACTIVITIES	Notes	Unaudited 31-Jan-2026 ₦'000	Audited 31-Jul-2025 ₦'000
Profit/(loss) before tax & interest		(99,338)	138,398
Adjustment to reconcile net income to net cash provided by operating activities:
Amortisation of intangible asset		1,300	2,305
Depreciation of rights-of-use		-	331
Depreciation of property, plant & equipment		98,362	152,016
Finance cost		3,689	29,443
Interest income		-	-
Tax Credit		(52,945)	(118,829)
Changes in assets and liabilities
Inventories		39,455	(56,379)
Receivables from clients		4,705	89,596
Receivables from resellers		4,064	(329,211)
Prepayment		(203,349)
Trade payables		(140,000)	10,026
Other payables		106,579	100,731
Total adjustments		(138,140)	(119,971)

Net cash (used in)/from operating activities		(237,478)	18,427
CASHFLOW FROM INVESTING ACTIVITIES
Purchases of property, plant & equipment	1	(50,494)	(29,029)
Proceeds from disposal of available-for-sale assets		100,000
Interest income		-	-
Net cash (used in)/from investing activities		49,506	(29,029)
CASHFLOW FROM FINANCING ACTIVITIES
Loan		564,882	9,186
Dividend Paid		(120,000)	-
Principal Payment		(13,467)	-
Loan Repayment		(49,373)	(29,443)
Net cash (used in)/from financing activities		382,042	(20,257)
Net change in cash and cash equivalents		194,070	(30,861)
Cash and cash equivalents at the beginning of the period		(28,349)	2,512
		165,721	(28,349)
REPRESENTED BY
Cash & cash equivalent:
Cash and bank balances 9		165,514	21,024
Bank Overdraft		-	(49,373)
		165,514	(28,349)

NOTES TO THE MANAGEMENT FINANCIAL STATEMENT

PROPERTY, PLANT AND EQUIPMENT

As at 31 July 2025

	Fibre Infrastructur	Wi-Fi Infrastructur	Plant & Machinery	Furniture & Fittings	Computer Equipment	Total
Cost	₦'000	₦'000	₦'000	₦'000	₦'000	₦'000
At 1 August 2024	3,023,569	136,325	-	-	12,454	3,172,349
Additions	21,113	-	2,852	50	1,098	25,113
At 31 July 2025	3,044,682	136,325	2,852	50	13,552	3,197,461
At 1 August 2025	3,044,682	136,325	2,852	50	13,552	3,197,461
Additions	50,494
At 31 January 2026	3,095,176	136,325	2,852	50	13,552	3,247,955
Depreciation
At 1 August 2025	560,493	32,718	464	1	7,861	601,537
Depreciation charge for the period	92,630	4,090	286	-	1,356	98,362
At 31 January 2026	653,124	36,808	750	1	9,217	699,899
Carrying amount At 31 January 2026	2,442,052	99,517	2,102	49	4,335	2,548,056
At 31 July 2025	2,484,189	103,607	2,388	49	5,691	2,595,924

Impairment losses recognised in the year
There were no impairment losses recognized during the period.
Contractual commitments
At 31 January 2026, the Company had no contractual commitments for the acquisition of property, plant and equipment.
Assets pledged as security
The Company does not have any asset pledged as security for liabilities.
RIGHTS OF USE ASSET

At 31 October 2025 -

Right-of-use assets relates to leased property that do not meet the definition of investment property are presented as property, plant and equipment (see Note 1.4).

The Company currently has one leased at Guzape, Abuja. The lease runs for a period of 4 years, with options to extend the period.

NOTES TO THE MANAGEMENT FINANCIAL STATEMENTS

5.5 INTANGIBLE ASSET (BILLING SYSTEM)	Unaudited 31-Jan-2026	Audited 31-Jul-2025
Cost	₦'000	₦'000
At 1 August	26,005	22,088
Additions	-	3,917
At 31 January 2025	26,005	26,005
Depreciation At 1 August	8,931	6,626
Amortisation charge for the period	1,300	2,305
At 31 January 2025	10,231	8,931
Carrying amount At 31 January 2025	15,773	17,073
At 31 July 2025	17,073	17,073
	Unaudited	Audited
7 INVENTORIES Inventory items	31-Jan-2026 ₦'000 22,868	31-Jul-2025 ₦'000 74,379
	Unaudited	Audited
8 TRADE AND OTHER RECEIVABLES
	31-Jan-2026	31-Jul-2025
8.1 Trade receivables	₦'000	₦'000
Receivables from clients	-	4,705
Receivables from resellers	166,472	170,536
	166,472	175,241
Less: Expected credit loss allowance on trade receivables	-	(2,048)
Net trade receivables	166,472	173,193

8.2	Other receivables	Unaudited	Audited
		31-Jan-2026	31-Jul-2025
		₦'000	₦'000
	Advance payment to vendor	-	329,211
	Withholding tax credit notes	-	16
		-	329,228

Management financial statements For the year ended 31 January 2026

NOTES TO THE MANAGEMENT FINANCIAL STATEMENTS

8.3 Expected credit loss allowance on trade and other receivables

31-Jan-2026 31-Jul-2025

₦'000 ₦'000

Balance as at 1-August - 3,581

Provision for impairment charge for the year 2,048

Impairment charge no longer required - (3,581)

Balance as at end of period - 2,048 Age analysis of receivables

Not Past due

	31-Jan-2026 ₦'000	31-Jul-2025 ₦'000
1-30 days	-	175,241
31-60 days	-	-
61-90 days	-	-
91 days and above	-	-

9	CASH AND CASH EQUIVALENTS (EXCLUDING BANK OVERDRAFT)	Unaudited	Audited
		₦'000	₦'000
	Cash at hand	504		12
	Taj Bank 0001685496	165		5,983
	SunTrust 0002606166	108		1,485
	Fcmb	29,431		224
	Access	111		105
	Parallex	-		3
	Providus
	Tatum
	GTB	162
	Flutterwave/Legend Pay	35,033		13,212
	Balance for statement of cash flow purposes at 31 October	65,514		21,024

For the purposes of statement of cashflow, cash and cash equivalent comprise cash in hand, deposit held at call with banks, net of bank overdraft. In the statement of financial position, bank overdraft are included in borrowings under current liabilities. The year end cash and cash equivalent comprise the following:

	Unaudited	Audited
	₦'000	₦'000
Cash at bank and in hand	65,514		21,024
Bank overdraft (note 7.1)	-		(49,373)
Balance for statement of cash flow purposes	65,514		(28,349)

Management financial statement For the period ended 31 January 2026

NOTES TO THE MANAGEMENT FINANCIAL STATEMENTS

10 SHARE CAPITAL 2,000,000,000 ordinary shares of ₦0.50	Unaudited 31-Oct-2025 ₦'000 1,000,000	Audited 31-Jul-2025 ₦'000 1,000,000
11 RETAINED EARNINGS	Unaudited	Audited
	31-Jan-2025	31-Jul-2025
Balance brought forward	₦'000 700,783	₦'000 558,326
Dividend Paid	(120,000)
Overstatement from prior periods	(70,700)
Result for the period	(99,338)	142,457
	410,745	700,783
12 TRADE PAYABLES	Unaudited	Audited
	31-Jan-2025	31-Jul-2025
	₦'000	₦'000
Trade payables	16,750	18,952
Less: provision for impairment of trade payables	-	-
Net trade payables	16,750	18,952
13 OTHER PAYABLES	Unaudited	Audited
	31-Jan-2025	31-Jul-2025
	₦'000	₦'000
Accrued PAYE	39,214	26,695
Staff pension - Employee	23,949	18,008
Staff pension - Employer	29,396	20,209
Industrial Training Fund	4,949	4,257
Nigeria Social Insurance Trust Fund	231	4,257
National Housing Fund	5,671	3,752
Taxes Due	42,039	-
Bandwith Provider - Liquid	37,356	-
Corporate Subscriptions	712	5,375
Professional services	8,804	4,300
Consultancy for customer care	6,811	6,811
Unpaid installation cost	4,146	4,146
Customer deposit	1,468	1,468
Other accrued expenses	75,624	74,513
	280,370	173,791
Trade payables is analysed below
Current	16,750	18,952
Non-current	-	-
	16,750	18,952
BORROWING Interest bearing loan (less than 12 months)	Unaudited 31-Jan-2025 ₦'000	Audited 31-Jul-2025 ₦'000
Bank overdraft	-	49,373
Bank loan	26,933	25,860
Commercial Paper	537,949
	564,882	75,233

		Management financial statements For the year ended 31 October 2025
NOTES	TO THE MANAGEMENT FINANCIAL STATEMENTS
15	INCOME TAX PAYABLE	Unaudited Audited 31-Jan-2025 31-Jul-2025
		₦'000 ₦'000
	Balance at 1 August	- 127,930
	Charge for the year	- 42,038
	Payment for the year	- (118,829)
	Balance at 31 July	- 51,139
15.1	INCOME TAX EXPENSE	Unaudited Audited 31-Jan-2025 31-Jul-2025
		₦'000 ₦'000
	Current tax
	Income tax calculated at 30%	- 31,001
	Education tax calculated at 3%	- 9,300
	NASENI	- 346
	Police levy	- 7
	NITDA	- 1,384
	Net Current Tax Charge	- 42,038
	Deferred tax
	Charge for the year	16,112

Adjustments recognized in the current period in relation to the deferred tax of prior periods

Income tax (credit)/expense charged to income statement

- (62,210)

- (4,059)

Charge for the year in OCI - -

	Total income tax (credit)/expense recognised in current year	-	(4,059)
20	REVENUE	Unaudited 31-Jan-2026	Audited 31-Jan-2025
		₦'000	₦'000
	Legend fiber	198,296	318,151
	Legend WiFi	2,195	3,201
	Legend pay	279	190
	Wholesale Bandwidth	12,578	-
	CPE sales	7,204	-
		220,551	321,543

21	COST OF SALES	Unaudited	Audited
		31-Jan-2026	31-Jan-2025
		₦'000	₦'000
	Customer Last Mile Installation	-	-
	Infraco (Abuja)	33,075	58,075
	Bandwidth cost	41,925	27,950
	Legend pay	3	216
	CPE	-	2,595
	Legend home	495	4,289

75,498 93,124

For the period ended 31 January 2026

NOTES TO THE MANAGEMENT FINANCIAL STATEMENTS

22	ADMINISTRATIVE EXPENSES	Unaudited	Audited
		31-Jan-2026	31-Jan-2025
	Notes	₦'000	₦'000
	Director remuneration	-	-
	Personnel cost	153,500	57,570
	Repairs and maintenance	2,940	2,648
	Transport & travelling	29,041	4,515
	Printing & stationeries	95	272
	Electricity	12,490	-
	Board expenses	700	410
	Office expenses		10,970
	Fueling		-
	Entertainment	3,559	336
	Legal fee	6,000	-
	Bank charges	256	796
	Marketing expenses	22,795	477
	Email marketing		-
	Licence and renewal	156	156
	Toll number		-
	Delivery		-
	Insurance		-
	Audit fees		-
	Professional fees	79,450	9,294
	Other professional services	20,000	-
	Telephone	40	2,496
	Consultancy	-	-
	Statutory fees		-
	Rent	6,221	1,000
	Insurance		-
	Training	20	-
	Issuance Expenses	9,843
	Industrial Training Fund		-
	Nigeria Social Insurance Trust Fund		-
	National Housing Fund	1,919
	Janitorial services	600	600
	Amortisation of intangible asset	1,300	-
	Depreciation of rights-of-use	-	-
	Depreciation of property, plant & equipment	98,362	75,244
	Rental Fees	8,333	-
		457,621	166,782

23	PERSONNEL COST
		31-Jan-2026	31-Jan-2025
		₦'000	₦'000
	Staff salaries	123,933	57,570
	Staff PAYE	12,519
	Staff pension	15,128
	Staff Welfare	1,919
		153,500	57,570

For the year ended 31 October 2025

Employee information

Employees of the company, other than Directors, whose duties were wholly or mainly discharged in Nigeria, received remuneration (excluding pension costs and certain benefits) in the following ranges:

NOTES	TO THE MANAGEMENT FINANCIAL STATEMENTS
		31-Jan-2026	31-Jan-2025
		Number	Number
	₦100,001 - ₦500,000	5	5
	₦500,001 - ₦1,000,000	7	7
	₦1,000,001 - ₦2,000,000	19	19
	₦2,000,001 - ₦3,000,000	9	9
	₦3,000,001 and above	15	15
24	DEPRECIATION EXPENSES
		31-Jan-2026	31-Jan-2025
		₦'000	₦'000
	Fibre infrastructure	92,630	70,392
	Wi-Fi infrastructure	4,090	4,090
	Computer equipment	1,356	1,294
	Furniture & fittings	1	1
	Plant & machinery	286	232
		98,363	76,008
26	PROFIT BEFORE TAXATION
		31-Jan-2025	31-Jul-2025
		₦'000	₦'000
	This is stated after charging/(crediting):
	Directors' remuneration	17,434	26,302
	Audit Fees	-	5,375
	Depreciation and amortization	99,662	154,321
27	RELATED PARTY DISCLOSURES
(i)	Key management personnel compensation
	Remuneration(excluding pension contributions) for Directors of the Company charged to the profit or loss are as follows:	Executive Directors ₦'000	Executive Directors ₦'000
	Short- term benefits:
	Salary	17,434	26,302
		17,434	26,302

Key management personnel and directors transactions

Directors of the company control significant percent of the voting shares of the company There are no significant transactions with key management personnel and directors

LEGEND INTERNET PLC

Management financial statements For the period ended 31 January 2026

NOTES TO THE MANAGEMENT FINANCIAL STATEMENTS

27 RELATED PARTY DISCLOSURES (Cont'd)

Numbers and cadre of key management personnel
Director	31-Jan-2026 Number 1	31-Jan-2025 Number 1
Managing Director (MD)	1	1
Senior Manager (SM)	3	3
Manager (M)	5	5

Salary Range 31-Jan-2026 31-Jan-2025 Number Number
₦8,000,001 and above 9 1
1. EARNINGS PER SHARE
  1. Basic
    Basic earnings per share is calculated by dividing the net profit attributable to equity holders of the Company by the weighted average number of ordinary shares in issue during the year, excluding the average number of ordinary shares purchased by the Company and held as treasury shares.
    31-Jan-2026 31-Jan-2025 ₦'000 ₦'000
    Earnings after tax and interest (99,338) 239,853
    Weighted average numbers of ordinary shares at year end (thousands)
    2,000,000 2,000,000
    Basic earnings per share (Kobo) (11) 12
  2. Diluted

Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares.

Diluted earning per share is same as basic earnings per share

FINANCIAL INSTRUMENTS
1. Capital risk management
  The Company manages its capital to ensure that the Company will be able to continue as a go
  The capital structure of the company consists of equity attributable to equity holders of the c The Company is not subject to any externally imposed capital requirements.
  Equity includes all capital and reserves of the company that are managed as capital.
2. Critical judgements and significant estimates
  Details of the significant accounting policies and methods adopted (including the criteria for recognition, the basis of measurement and the bases for recognition of income and expenses) for each class of financial asset, financial liability and equity instrument are disclosed in note 3.
3. Categories of financial instruments Financial assets
  Unaudited Audited
  31-Jan-2025 31-Jul-2025 ₦'000 ₦'000
  Cash and bank balance 65,514 21,024
  Receivables
  Trade receivables 166,472 173,193
  Other receivables 258,528 329,228
  425,000 502,420 Financial liabilities
  Financial liabilities at amortized cost
  Trade payables 18,952 18,952
  Other payables 280,370 173,791
  Loans 625,899 75,233
  925,221 267,976
4. Financial risk management objectives
  A financial risk management framework is in place, where appropriate, to mitigate any negative impact that financial risks that may arise will have on the Companyʼs reported results.
  The Companyʼs senior management oversees the management of risks to ensure that financial risks are identified, measured and managed in accordance with Company's policies for risk.
  Risk management policies and systems are reviewed regularly to reflect the changes in market conditions and the companyʼs activities. The Board of Directors reviews and agrees policies for managing each of these risks which are summarised below.
  The company does not trade in financial instruments, nor does it take on speculative or open positions through the use of derivatives.
5. Foreign currency risk management
  Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The company undertakes transactions denominated in foreign currencies; consequently, exposures to exchange rate fluctuations arise. Exchange rate exposures are managed within approved policy parameters. The Companyʼs exposure to the risk of changes in foreign exchange rates is hedged and minimised proactive application for forex.
6. Credit risk management
  Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the company. The company's credit risk exposure is limited to the credit sales availed to few customers with great records of payment on time and without defaulting and loans availed to its members of staff. Both credit sales and staff loans are subject to management approval and are continuously monitored.
  The carrying amount of financial assets represents the companyʼs maximum exposure to credit risk, which at the reporting date, was as follows:
  31-Jan-2026 31-Jul-2025 ₦'000 ₦'000
  Receivables 425,000 502,420
7. Collateral held as security and other credit enhancements
  The carrying amount of financial assets recorded in the Management financial statements represents the companyʼs maximum exposure to credit risk as no collateral or other credit enhancements are held. The asset comprise of loans to staff members and due repayment is deducted from staff salary at source.
8. Liquidity risk management

Liquidity risk is the risk that the company is unable to meet its current and future cash flow obligations as and when they fall due, or can only do so at excessive cost. This includes the risk that the company is unable to meet settlement obligations to the acquiring banks due to failure of an issuing bank to pay.

Ultimate responsibility for liquidity risk management rests with the board of directors, which has established an appropriate liquidity risk management framework for the management of the companyʼs short-, medium- and long-term funding and liquidity management requirements. The company manages liquidity risk by maintaining adequate reserves, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

VALUE ADDED STATEMENT

Unaudited Audited

31-Jul-2025 31-Jul-2024

Turnover Interest income	Note	₦'000 1,191,077 -	%	₦'000 % 1,138,433 35
		1,191,077		1,138,467
Bought in goods and services		(639,659)		(680,926)
Value added		551,417	100	457,541 100
Applied as follows:
To pay employees Salaries and other staff costs	14	195,852	35.5	85,644 18.7
To pay government Income tax expense To providers of capital	10.1	-	-	71,354 15.6

17	28,583	5.2	24,831	5.4
13	2,305	0.0	2,209	0.5
13	152,016	27.6	154,036	33.7
	172,661	31.3	119,467	26.1
	551,417	100	457,541	100

Finance cost

To provide for replacement of assets and expansion

Amortisation of intangible asset Depreciation of property, plant & equipment

Profit for the year

Value added represents the additional wealth the company has been able to create by its own and its employees' efforts. This statement shows the allocation of that wealth among employees, shareholders, government, capital providers and that retained for the future creation of more wealth.

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