SCOA NIGERIA PLC
[RC: 6293]
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30TH JUNE, 2023
SCOA NIGERIA PLC
UN-AUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD 30TH June, 2023
Unaudited | Audited | ||
Current Period | |||
Ended | Period Ended | % changes | |
30th June,2023 | 30th June,2022 | ||
N'000 | N'000 | ||
Revenue | 3,432,131.67 | 2,391,687.51 | 0.44 |
Cost of Sales | (2,720,580.71) | (1,933,012.79) | 0.41 |
Gross profit | 711,550.96 | 458,674.71 | 0.55 |
Distribution/Admin Expenses | (678,708.17) | (719,411.45) | (0.06) |
Other Income | 61,841.79 | 150,112.00 | (0.59) |
Financial Charges | (284,813.72) | (284,842.24) | (0.00) |
Profit/Loss Before Tax | (190,129.15) | (395,466.98) | (0.52) |
Taxation | (429.25) | - | |
Profit/Loss After Tax | (190,558.40) | (395,466.98) | (0.52) |
Other Comprehensive Income | |||
Total Comprehensive Income | (190,558.40) | (395,466.98) | (0.52) |
Profit/Loss After Tax Attr. To Nonc | (791.14) | (60,099.14) | (0.99) |
Profit/Loss After Tax Owners of the | (189,767.25) | (335,367.84) | (0.43) |
Total Comp. Inc.Attr. to Non-Controlling Interest | |||
Attributable to Owners of the Company | |||
Basis/Diluted (loss) /Earnings per Sh | (0.29) | (0.52) | (0.44) |
SCOA NIGERIA PLC
UN-AUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD April to 30th June , 2023
Unaudited | Audited | ||
Current Period | |||
Ended | Period Ended | % changes | |
April to | April to | ||
June,2023 | June,2022 | ||
N'000 | N'000 | ||
Revenue | 1,959,024.70 | 1,029,086.49 | 0.90 |
Cost of Sales | (1,476,681.41) | (719,022.33) | 1.05 |
Gross profit | 482,343.29 | 310,064.15 | 0.56 |
Distribution/Admin and Other Expenses | (322,625.31) | (374,175.24) | (0.14) |
Other Income | 24,755.94 | 173,329.03 | (0.86) |
Financial Charges | (189,823.02) | (188,081.14) | 0.01 |
Profit/Loss Before Tax | (5,349.08) | (78,863.20) | (0.93) |
Taxation | (429.25) | - | |
Profit/Loss After Tax | (5,778.33) | (78,863.20) | (0.93) |
Other Comprehensive Income | - | ||
Total Comprehensive Income | (5,778.33) | (78,863.20) | (0.93) |
Profit/Loss After Tax Attr. To Noncontrolling Int | 82,019.31 | (21,497.34) | (4.82) |
Profit/Loss After Tax Owners of the Company | (87,797.63) | (57,364.86) | 0.53 |
Total Comp. Inc.Attr. to Non-Controlling Interest | |||
Attributable to Owners of the Company | |||
Basis/Diluted (loss) /Earnings per Share | (0.13) | 0.09 | (2.44) |
SCOA NIGERIA PLC
UN-AUDITED STATEMENT OF FINANCIAL POSITION AS AT 30TH JUNE, 2023
Un-Audited | Audited | ||
Current Period Ended | Year Ended | % changes | |
30th June '23 | 31st Dec,2022 | ||
N'000 | N'000 | ||
Property, plant and equipment | 3,713,582.03 | 3,783,087.11 | 0.02 |
Deferred Tax Assets | 324,218.09 | 432,116.46 | 0.25 |
Investment in subsidiary / associates Cos. | |||
Total Non Current Assets | 4,037,800.12 | 4,215,203.57 | 0.04 |
Inventories | 2,902,751.70 | 2,351,764.85 | (0.23) |
Debtors and Other Receivables | 1,831,588.29 | 2,369,169.75 | 0.23 |
Other current assets | 371,501.40 | (186,869.55) | 2.99 |
Cash and cash equivalents | 5,402,020.63 | 8,005,033.79 | 0.33 |
Total Current Assets | 10,507,862.02 | 12,539,098.85 | 0.16 |
Advance from customer | 843,259.00 | 843,259.00 | - |
Trade and Other Payables | 8,076,816.36 | 9,441,054.38 | 0.14 |
Current Financial liabilities | 3,063,978.50 | 2,597,901.97 | (0.18) |
Current Tax Liabilities | 185,145.98 | 169,702.23 | (0.09) |
Total Current Liabilities | 12,169,199.85 | 13,051,917.69 | 0.07 |
Non-Current Financial liabilities | 987,571.16 | 989,571.16 | 0.00 |
Defined benefit Plan | 129,482.17 | 175,008.82 | 0.26 |
Deferred Tax Liabilities | |||
Liabilities included in disposal groups classified | |||
as held for sale (Where applicable) | |||
Total Non-Current Liabilities | 1,117,053.34 | 1,063,172.22 | (0.05) |
Working Capital | (1,661,337.82) | (512,818.83) | (2.24) |
Net Assets | 1,259,408.96 | 2,639,212.52 | 0.52 |
Non Controlling Interest | (591,645.86) | (545,117.36) | (0.09) |
Attributable to Owners of the Company | 1,851,054.82 | 3,184,329.88 | 0.42 |
These consolidated financial statements were approved by the Board of Directors on 26th of July, 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 30th June '23- (UN-AUDITED)
Issued & paid up Share | Share Premium | Retained Earnings | Revaluation Reserve | Total | Non controlling interest | 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 | (189,767.25) | (189,767.25) | (791.14) | (190,558.39) | (2.10) | |||
Other comprehensive income/(loss) | - | |||||||
Balance as of 30th June' 2023 | 324,913.00 | 194,405.00 | (4,464,371.25) | 5,434,841.00 | 1,489,787.75 | 591,645.86 | 2,081,433.61 | (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 |
| Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |