SCOA NIGERIA PLC
[RC: 6293]
FIRST QTR, 2022 FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH, 2022
STATEMENT OF CHANGES IN EQUITY AS AT 31st March '22- (UN-AUDITED)
Issued & paid up Share C | apSithaalre Premium | Retained Earnings | Revaluation Reserve | Total | Non controlling interest | Total Equity | ||
₦000 | ₦000 | ₦000 | ₦000 | ₦000 | ₦000 | ₦000 | % Change | |
Balance as of 1st January 2022 | 324,913.00 | 194,405.00 | (3,692,885.00) | 5,434,841.00 | 2,261,274.00 | 596,653.00 | 2,857,927.00 | 0.01 |
Prior year dividend approved transfer to payables | - | |||||||
Dividend | - | - | ||||||
Profit/(loss) for the period / year | (278,001.98) | (278,001.98) | (38,601.80) | (316,603.78) | 1.23 | |||
Other comprehensive income/(loss) | - | |||||||
Balance as of 31st March' 2022 | 324,913.00 | 194,405.00 | (3,970,886.98) | 5,434,841.00 | 1,983,272.02 | 558,051.20 | 2,541,323.22 | (0.12) |
Audited | ||||||||
Balance as of 1st January 2021 | 324,913.00 | 194,405.00 | (3,727,536.00) | 5,434,841.00 | 2,226,623.00 | 590,676.00 | 2,817,299.00 | |
Dividend | ||||||||
Loss for the year | 66,421.00 | 66,421.00 | 5,977.00 | 72,398.00 | ||||
Adjustment to revaluated properties | - | - | ||||||
Other comprehensive income | - | - | (31,770.00) | (31,770.00) | (31,770.00) | |||
Balance as of 31st Dec, 2021 | 324,913.00 | 194,405.00 | (3,692,885.00) | 5,434,841.00 | 2,261,274.00 | 596,653.00 | 2,857,927.00 |
SCOA NIGERIA PLC | |||
CASH FLOW STATEMENT FOR the period ended 31st March, 2022 ( Un-audited) | |||
Audited | |||
Current Period Ended | Year Ended | % Change | |
31st March '22 | 31st Dec '21 | ||
N'000 | N'000 | ||
Cash Flow from Operating Profit-Activities | (316,603.77) 148,885.15 | 3.13 | |
Operating Cash Flow before Working Capital Changes | (96,761.10) | 500,442.56 | 1.19 |
Operating Cash Flow from Changes in Working Capital | 1,489,169.32 11,216,514.76 | 0.87 | |
Net Cash Generated from Operating Activities | (361,847.67) | 11,865,842.47 | 1.03 |
Cash Flow from Investing Activities | 1,878,359.23 2,112.74 | (888.06) | |
Cash Flow from Financing Activities | 262,513.80 | (417,635.36) | 1.63 |
Net Increase/Decrease Cash and Cash Equivalent | 1,779,025.36 | 11,450,319.85 | 0.84 |
Cash and Cash Equivalent Beginning of the Year | 12,389,850.00 | 644,764.00 | (18.22) |
Cash and Cash Equivalent End of the Year | 14,168,875.36 | 12,389,850.00 | (0.14) |
CORPORATE ACTION | |||
Proposed Bonus | |||
Proposed Dividend | |||
Closure Date | |||
Date of Payment | |||
AGM Date | |||
AGM Vanue |
SCOA NIGERIA PLC
UN-AUDITED STATEMENT OF FINANCIAL POSITION AS AT 31ST March , 2022
Un-Audited | Audited | ||
Current Period Ended | Year Ended | % changes | |
31st March '22 | 31st Dec '21 | ||
N'000 | N'000 | ||
Property, plant and equipment | 3,905,901.30 | 3,947,631.00 | 0.01 |
Deferred Tax Assets | 373,398.22 | 373,766.00 | 0.00 |
Investment in subsidiary / associates Cos. | |||
Total Non Current Assets | 4,279,299.52 | 4,321,397.00 | 0.01 |
Inventories | 2,527,771.65 | 2,420,600.05 | (0.04) |
Debtors and Other Receivables | 2,032,424.80 | 3,894,237.00 | 0.48 |
Other current assets | 272,779.49 | 360,439.00 | 0.24 |
Cash and cash equivalents | 14,246,104.07 | 12,451,423.00 | (0.14) |
Total Current Assets | 19,079,080.00 | 19,126,699.05 | 0.00 |
Advance from customer | 843,259.14 | 843,259.14 | 0.00 |
Trade and Other Payables | 16,526,118.17 | 15,890,383.00 | (0.04) |
Current Financial liabilities | 2,193,798.82 | 2,113,271.00 | (0.04) |
Current Tax Liabilities | 251,910.90 | 255,885.00 | 0.02 |
Total Current Liabilities | 19,815,087.03 | 19,102,798.14 | (0.04) |
Non-Current Financial liabilities | 1,040,381.73 | 1,319,012.00 | 0.21 |
Defined benefit Plan | 159,294.92 | 160,874.00 | 0.01 |
Deferred Tax Liabilities | - | ||
Liabilities included in disposal groups | |||
classified as held for sale (Where | |||
applicable) | |||
Total Non-Current Liabilities | 1,199,676.64 | 1,479,886.00 | 0.19 |
Working Capital | (736,007.03) | 23,900.91 | 31.79 |
Net Assets | 2,343,615.84 | 2,865,411.91 | 0.18 |
Non Controlling Interest | 558,051.20 | 596,653.00 | 0.06 |
Attributable to Owners of the Company | 1,983,272.02 | 2,268,759.00 | 0.13 |
0.09
Mr. Henry Agbamu FRC/2013/NIM/00000003968
These consolidated financial statements were approved by the Board of Directors on 29th of April, 2022 and signed on its behalf by:
Dr. Massad F. Boulos FRC/2013/IOD/00000003008
Mrs. A. Okereke FRC/2013/ICAN/00000002373
SCOA NIGERIA PLC
UN-AUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD 31ST March , 2022
Unaudited | Audited | ||
Current Period Ended | Year Ended | % changes | |
31st March,2022 | 31st March,2021 | ||
N'000 | N'000 | ||
Revenue | 1,362,601.02 | 491,472.23 | 1.77 |
Cost of Sales | (1,213,990.46) | (275,221.46) | 3.41 |
Gross profit | 148,610.57 | 216,250.77 | (0.31) |
Distribution/Admin and Other Expenses | (345,236.21) | (280,285.97) | 0.23 |
Other Income | (23,217.03) | 180,857.27 | (1.13) |
Financial Charges | (96,761.10) | (30,000.00) | 2.23 |
Profit/Loss Before Tax | (316,603.77) | 86,822.07 | (4.65) |
Taxation | - | - | |
Profit/Loss After Tax | (316,603.77) | 86,822.07 | (4.65) |
Other Comprehensive Income | - | ||
Total Comprehensive Income | (316,603.77) | 86,822.07 | (4.65) |
Profit/Loss After Tax Attr. To Noncontrolling Int | (38,601.80) | 17,131.83 | (3.25) |
Profit/Loss After Tax Owners of the Company | (278,001.98) | 69,690.23 | (4.99) |
Total Comp. Inc.Attr. to Non-Controlling Interest | |||
Attributable to Owners of the Company | |||
Basis/Diluted (loss) /Earnings per Share | |||
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