SCOA NIGERIA PLC
[RC: 6293]
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31ST MARCH, 2023
SCOA NIGERIA PLC
UN-AUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD 31st March, 2023
Unaudited | Unaudited |
Current Period | Current Period | % | |
Ended | Ended | changes | |
31st Mar,2023 | 31st March,2022 | ||
N'000 | N'000 | ||
Revenue | 1,473,106.97 | 1,362,601.02 | 0.08 |
Cost of Sales | (1,243,899.30) | (1,213,990.46) | 0.02 |
Gross profit | 229,207.67 | 148,610.57 | 0.54 |
Distribution/Admin Expenses | (356,082.86) | (345,236.21) | 0.03 |
Other Income | 37,085.85 | (23,217.03) | (2.60) |
Financial Charges | (94,990.70) | (96,761.10) | (0.02) |
Profit/Loss Before Tax | (184,780.07) | (316,603.77) | (0.42) |
Taxation | |||
Profit/Loss After Tax | (184,780.07) | (316,603.77) | (0.42) |
Other Comprehensive Income | |||
Total Comprehensive Income | (184,780.07) | (316,603.77) | (0.42) |
Profit/Loss After Tax Attr. To Noncontrollin | (82,810.45) | (38,601.80) | 1.15 |
Profit/Loss After Tax Owners of the Compa | (101,969.62) | (278,001.98) | (0.63) |
Total Comp. Inc.Attr. to Non-Controlling Interest | |||
Attributable to Owners of the Company | |||
Basis/Diluted (loss) /Earnings per Share | (0.16) | (0.43) | (0.64) |
SCOA NIGERIA PLC
UN-AUDITED STATEMENT OF FINANCIAL POSITION AS AT 31ST MACH, 2023
Un-Audited | Un-Audited | |
Current Period Ende urrent Period End % changes |
31st March '23 | 31st Dec,2022 | ||
N'000 | N'000 | ||
Property, plant and equipment | 3,747,459.89 | 3,783,087.11 | 0.01 |
Deferred Tax Assets | 324,218.09 | 432,116.46 | 0.25 |
Investment in subsidiary / associates Cos. | |||
Total Non Current Assets | 4,071,677.98 | 4,215,203.57 | 0.03 |
Inventories | 1,464,174.97 | 2,351,764.85 | 0.38 |
Debtors and Other Receivables | 1,194,538.66 | 2,369,169.75 | 0.50 |
Other current assets | 384,685.55 | (186,869.55) | 3.06 |
Cash and cash equivalents | 8,351,219.97 | 8,005,033.79 | (0.04) |
Total Current Assets | 11,394,619.16 | 12,539,098.85 | 0.09 |
Advance from customer | 843,259.00 | 843,259.00 | |
Trade and Other Payables | 9,111,864.79 | 9,441,054.38 | (0.03) |
Current Financial liabilities | 2,919,845.81 | 2,597,901.97 | (0.12) |
Current Tax Liabilities | 185,520.98 | 169,702.23 | (0.09) |
Total Current Liabilities | 13,060,490.58 | 13,051,917.69 | - |
Non-Current Financial liabilities | 989,571.16 | 989,571.16 | - |
Defined benefit Plan | 132,613.23 | 175,008.82 | 0.24 |
Deferred Tax Liabilities | |||
Liabilities included in disposal | |||
groups classified as held for | |||
sale (Where applicable) | |||
Total Non-Current Liabilities | 1,122,184.39 | 1,063,172.22 | (0.06) |
Working Capital | (1,665,871.42) | (512,818.83) | (2.25) |
Net Assets | 1,283,622.18 | 2,639,212.52 | 0.51 |
Non Controlling Interest | (458,484.11) | (545,117.36) | 0.16 |
Attributable to Owners of the Co | 1,742,106.29 | 3,184,329.88 | 0.45 |
These consolidated financial statements were approved by the Board of Directors on 31st Of April, 2023 and signed on its behalf by:
Mr. Henry Agbamu | Dr.Massad F.Boulos | Mrs. A. Okereke |
FRC/2013/NIM/00000003968 | FRC/2013IOD/00000003008 | FRC/2013/ICAN/00000002373 |
STATEMENT OF CHANGES IN EQUITY AS AT 31st March '23- (UN-AUDITED)
Issued & paid up Share C | Share Premium | Retained Earnings | Revaluation Reserve | Total | on controlling intere | Total Equity | ||
₦000 | ₦000 | ₦000 | ₦000 | ₦000 | ₦000 | ₦000 | % Change | |
Balance as of 1st January 2023 | 324,913.00 | 194,405.00 | (4,274,604.00) | 5,434,841.00 | 1,679,555.00 | 592,437.00 | 2,271,992.00 | (0.26) |
Prior year dividend approved | ||||||||
transfer to payables | - | |||||||
Dividend | - | - | ||||||
Profit/(loss) for the period / year | (101,969.62) | (101,969.62) | (82,810.45) | (184,780.07) | (2.20) | |||
Other comprehensive | ||||||||
income/(loss) | ||||||||
Balance as of 31st March' 2023 | 324,913.00 | 194,405.00 | (4,376,573.62) | 5,434,841.00 | 1,577,585.38 | 509,626.55 | 2,087,211.93 | (0.09) |
Audited | ||||||||
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 | |
Dividend | ||||||||
Loss for the year | (587,179.00) | (587,179.00) | (4,216.00) | (591,395.00) | ||||
Adjustment to revaluated | ||||||||
properties | - | - | ||||||
Other comprehensive income | - | - | 5,460.00 | 5,460.00 | 5,460.00 | |||
Balance as of 31st Dec, 2022 | 324,913.00 | 194,405.00 | (4,274,604.00) | 5,434,841.00 | 1,679,555.00 | 592,437.00 | 2,271,992.00 |
SCOA NIGERIA PLC
CASH FLOW STATEMENT FOR the period ended 31st Mar, 2023 ( Un-audited) | |||
Current Period | Current Period | % | |
Ended | Ended | Change | |
31st Mar,2023 | 31st Dec,2022 | ||
N'000 | N'000 | ||
Cash Flow from Operating Profit-Activities | (184,780.07) | (585,935.00) | 0.68 |
Operating Cash Flow before Working Capital Changes | (2,417,864.05) | (373,228.00) | (5.48) |
Operating Cash Flow from Changes in Working Capital | 1,777,190.18 | (3,664,730.00) | 1.48 |
Net Cash Generated from Operating Activities | (825,453.94) | (4,623,893.00) | 0.82 |
Cash Flow from Investing Activities | (1,266,094.39) | 5,046.00 | 251.91 |
Cash Flow from Financing Activities | 2,263,323.30 | 408,442.00 | (4.54) |
Net Increase/Decrease Cash and Cash Equivalent | 171,774.97 | (4,210,405.00) | 1.04 |
Cash and Cash Equivalent Beginning of the Year | 8,179,445.00 | 12,389,850.00 | 0.34 |
Cash and Cash Equivalent End of the Year | 8,351,219.97 | 8,179,445.00 | (0.02) |
CORPORATE ACTION | |||
Proposed Bonus | |||
Proposed Dividend | |||
Closure Date | |||
Date of Payment | |||
AGM Date | |||
AGM Vanue |
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