SCOA NIGERIA PLC
[RC: 6293]
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30TH SEPTEMBER, 2022
STATEMENT OF CHANGES IN EQUITY AS AT 30th Sept '22- (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 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 | 938,765.96 | 938,765.96 | (165,316.91) | 773,449.05 | 0.91 | |||
Other comprehensive | ||||||||
income/(loss) | - | |||||||
Balance as of 30th Sept' 2022 | 324,913.00 | 194,405.00 | (2,754,119.04) | 5,434,841.00 | 3,200,039.96 | 431,336.09 | 3,631,376.05 | 0.21 |
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 30th Sept, 2022 ( Un-audited) | |||
Audited | |||
Current Period | % | ||
Ended | Year Ended | Change | |
30th Sept '22 | 31st Dec '21 | ||
N'000 | N'000 | ||
Cash Flow from Operating Profit-Activities | (1,104,081.87) | 148,885.15 | 8.42 |
Operating Cash Flow before Working Capital Changes | (3,619,653.74) | 500,442.56 | 8.23 |
Operating Cash Flow from Changes in Working Capital | 1,677,572.76 | 11,216,514.76 | 0.85 |
Net Cash Generated from Operating Activities | (3,046,162.85) | 11,865,842.47 | 1.26 |
Cash Flow from Investing Activities | 8,864.07 | 2,122.74 | (3.18) |
Cash Flow from Financing Activities | 3,951,403.26 | (417,635.36) | 10.46 |
Net Increase/Decrease Cash and Cash Equivalent | 914,104.48 | 11,450,329.85 | 0.92 |
Cash and Cash Equivalent Beginning of the Year | 12,095,093.85 | 644,764.00 | (17.76) |
Cash and Cash Equivalent End of the Year | 13,009,198.33 | 12,095,093.85 | (0.08) |
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 30TH SEPTEMBER, 2022
Un-Audited | Audited | ||
Current Period Ended | Year Ended | % changes | |
30th Sept '22 | 31st Dec '21 | ||
N'000 | N'000 | ||
Property, plant and equipment | 3,865,230.01 | 3,947,631.00 | 0.02 |
Deferred Tax Assets | 432,116.46 | 373,766.00 | (0.16) |
Investment in subsidiary / associates Cos. | - | ||
Total Non Current Assets | 4,297,346.47 | 4,321,397.00 | |
Inventories | 2,430,795.06 | 2,420,600.05 | (0.00) |
Debtors and Other Receivables | 2,042,269.80 | 3,894,237.00 | 0.48 |
Other current assets | (439,659.68) | 360,439.00 | 2.22 |
Cash and cash equivalents | 13,086,427.04 | 12,451,423.00 | (0.05) |
Total Current Assets | 17,119,832.20 | 19,126,699.05 | |
Advance from customer | 843,259.00 | 843,259.00 | - |
Trade and Other Payables | 14,967,169.66 | 15,890,383.00 | 0.06 |
Current Financial liabilities | 2,491,259.03 | 2,113,271.00 | (0.18) |
Current Tax Liabilities | 251,945.87 | 255,885.00 | 0.02 |
Total Current Liabilities | 18,553,633.57 | 19,102,798.00 | |
Non-Current Financial liabilities | 1,002,582.08 | 1,319,012.00 | 0.24 |
Defined benefit Plan | 152,846.94 | 160,874.00 | 0.05 |
Deferred Tax Liabilities | - | - | |
Liabilities included in disposal | |||
groups classified as held for | |||
sale (Where applicable) | |||
Total Non-Current Liabilities | 1,155,429.01 | 1,479,886.00 | 0.22 |
Working Capital | (1,433,801.37) | 23,901.05 | 60.99 |
Net Assets | 1,708,116.09 | 2,865,412.05 | 0.40 |
Non Controlling Interest | (431,336.09) | 596,653.00 | 1.72 |
Attributable to Owners of the Co | 2,139,452.18 | 2,268,759.00 | 0.06 |
These consolidated financial statements were approved by the Board of Directors on 31st of October, 2022 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 |
SCOA NIGERIA PLC
UN-AUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD July to 30th Sept , 2022
Unaudited | Unaudited |
Current Period | Current Period | ||
Ended | Ended | % changes | |
July to Sept,202 | July to Sept,2021 | ||
N'000 | N'000 | ||
Revenue | 625,937.36 | 1,449,624.94 | (1.32) |
Cost of Sales | (501,841.66) | (730,189.26) | (0.46) |
Gross profit | 124,095.70 | 719,435.68 | (4.80) |
Distribution/Admin and Other Expenses | (177,946.21) | (91,447.62) | 0.49 |
Other Income | (158,853.77) | (165,828.30) | (0.04) |
Financial Charges | (175,910.62) | (28,337.26) | 0.84 |
Profit/Loss Before Tax | (388,614.90) | 433,822.50 | 2.12 |
Taxation | - | ||
Profit/Loss After Tax | (388,614.90) | 433,822.50 | 2.12 |
Other Comprehensive Income | - | ||
Total Comprehensive Income | (388,614.90) | 433,822.50 | 2.12 |
Profit/Loss After Tax Attr. To Noncontrolling | (135,446.96) | 373,254.38 | 3.76 |
Profit/Loss After Tax Owners of the Company | (203,168.96) | 60,568.12 | 1.30 |
Total Comp. Inc.Attr. to Non-Controlling Interest | |||
Attributable to Owners of the Company | |||
Basis/Diluted (loss) /Earnings per Share | (0.31) | 0.09 | |
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