SCOA NIGERIA PLC
[RC: 6293]
UNAUDITED FINANCIAL STATEMENT
FOR THE 4TH QTR. 2021 ANDJANUARY TO DECEMBER, 2021
SCOA NIGERIA PLC
STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD January to 31st Dec, 2021 (UN AUDITED)
Unaudited | Audited | |||
Current Period | Current Period | |||
Ended | Ended | % changes | ||
Jan to Dec,2021 | Jan to Dec,2020 | |||
N'000 | N'000 | |||
Revenue | 15,191,211.83 | 6,526,055.00 | 0.57 | |
Cost of Sales | (14,587,553.74) | (6,091,306.08) | 0.58 | |
Gross profit | 603,658.09 | 434,748.92 | 0.28 | |
Other Income | 1,738,129.01 | 1,090,340.54 | 0.37 | |
Distribution cost | (88,256.63) | (90,870.33) | (0.03) | |
Admin and Other Expenses | (1,386,272.05) | (1,385,543.58) | 0.00 | |
Operating profit | 867,258.43 | 48,675.55 | 0.94 | |
Finance income | 18,793.49 | 3,506.15 | 0.81 | |
Financial Charges | (323,557.56) | (204,279.83) | 0.37 | |
Profit/Loss Before Tax | 562,494.35 | (152,098.13) | 1.27 | |
Taxation | (381,713.91) | 183,873.71 | 1.48 | |
Profit/Loss After Tax | 180,780.44 | 31,775.58 | 0.82 | |
Other Comprehensive Income | (31,895.29) | 8,067.00 | 1.25 | |
Total Comprehensive Income | 148,885.15 | 39,842.58 | 0.73 | |
Profit/Loss After Tax Attr. To Noncontrolling Int | 58,070.58 | 8,130.50 | 0.86 | #REF! |
Profit/Loss After Tax Owners of the Company | 90,814.57 | 31,711.88 | 0.65 | |
Total Comp. Inc.Attr. to Non-Controlling Interest | ||||
Attributable to Owners of the Company | ||||
Basis/Diluted (loss) /Earnings per Share | 0.28 | 0.05 | ||
SCOA NIGERIA PLC
STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD January to 31st Dec, 2021 (UN AUDITED)
Unaudited | Unaudited | |
Current Period | ||
Current Period Ended | Ended | |
Oct to Dec,2021 | Oct to Dec,2020 | |
N'000 | N'000 | |
Revenue | 7,992,867.78 | 777,335.70 |
Cost of Sales | (8,358,115.01) | (592,056.62) |
Gross profit | (365,247.23) | 185,279.08 |
Other income | 2,991,287.02 | (79,452.03) |
Distribution cost | (953,335.24) | (21,000.00) |
Admin and Other Expenses | (1,186,499.88) | (388,892.39) |
Operating profit | 486,204.67 | (304,065.33) |
Finance income | 18,793.49 | 1,006.00 |
Financial Charges | (323,557.56) | (32,844.93) |
Profit/Loss Before Tax | 181,440.60 | (335,904.26) |
Taxation | (676,902.77) | 183,873.71 |
Profit/Loss After Tax | (495,462.17) | (152,030.55) |
Other Comprehensive Income | (31,895.29) | 8,067.00 |
Total Comprehensive Income | (527,357.46) | (143,963.55) |
Profit/Loss After Tax Attr. To Noncontrolling Int | (210,942.98) | 46,105.87 |
Profit/Loss After Tax Owners of the Company | (316,414.48) | (190,069.42) |
Total Comp. Inc.Attr. to Non-Controlling Interest | ||
Attributable to Owners of the Company | ||
Basis/Diluted (loss) /Earnings per Share | (0.29) | |
SCOA NIGERIA PLC
UN-AUDITED STATEMENT OF FINANCIAL POSITION AS AT 31ST December , 2021
Un-Audited | Audited | ||
Current Period Ended | Year Ended | % changes | |
31st Dec '21 | 31st Dec '20 | ||
N'000 | N'000 | ||
Property, plant and equipment | 3,950,063.80 | 4,124,019.34 | 0.04 |
Deferred Tax Assets | 509,725.57 | 1,072,168.42 | 0.52 |
Investment in subsidiary / associates Cos. | - | ||
Total Non Current Assets | 4,459,789.37 | 5,196,187.76 | 0.14 |
Inventories | 2,420,600.05 | 2,247,811.99 | (0.08) |
Debtors and Other Receivables | 2,037,268.94 | 5,981,076.05 | 0.66 |
Other current assets | 294,193.52 | 321,424.98 | 0.08 |
Cash and cash equivalents | 12,172,322.55 | 488,202.00 | (23.93) |
Total Current Assets | 16,924,385.05 | 9,038,515.02 | (0.87) |
Advance from customer | 843,259.14 | 843,259.00 | (0.00) |
Trade and Other Payables | 13,944,282.27 | 7,015,376.30 | (0.99) |
Current Financial liabilities | 2,113,154.19 | 1,601,643.12 | (0.32) |
Current Tax Liabilities | 315,915.45 | 15,623.04 | (19.22) |
Total Current Liabilities | 17,216,611.05 | 9,475,901.46 | (0.82) |
Non-Current Financial liabilities | 1,040,381.73 | 1,412,086.89 | 0.26 |
Defined benefit Plan | 160,999.10 | 111,564.98 | (0.44) |
Deferred Tax Liabilities | - | ||
Liabilities included in disposal groups | |||
classified as held for sale (Where applicable) | |||
Total Non-Current Liabilities | 1,201,380.83 | 1,523,651.87 | 0.21 |
Working Capital | (292,226.00) | (437,386.44) | 0.33 |
Net Assets | 2,966,182.53 | 3,235,149.45 | 0.08 |
Non Controlling Interest | 648,746.58 | 590,676.00 | (0.10) |
Attributable to Owners of the Company | 2,317,437.57 | 2,226,623.00 | (0.04) |
These consolidated financial statements were approved by the Board of Directors on 31st Jannuary,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 |
STATEMENT OF CHANGES IN EQUITY AS AT 31st December'21- (UN-AUDITED)
Issued & paid up Share Cap | 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 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 | 0.30 |
Prior year dividend approved transfer | ||||||||
to payables | - | |||||||
Dividend | - | - | ||||||
Profit/(loss) for the period / year | 122,709.86 | 122,709.86 | 58,070.58 | 180,780.44 | 3.11 | |||
Other comprehensive income/(loss) | (31,895.29) | (31,895.29) | - | (31,895.29) | 1.25 | |||
Balance as of 31st December' 2021 | 324,913.00 | 194,405.00 | (3,636,721.43) | 5,434,841.00 | 2,317,437.57 | 648,746.58 | 2,966,184.15 | 0.05 |
Audited | ||||||||
Balance as of 1st January 2020 | 324,913.00 | 194,405.00 | (3,346,478.00) | 4,224,807.00 | 1,397,647.00 | 583,058.00 | 1,980,705.00 | |
Dividend | ||||||||
Loss for the year | (389,125.00) | (389,125.00) | 7,618.00 | (381,507.00) | ||||
Adjustment to revaluated properties | 1,210,034.00 | 1,210,034.00 | 1,210,034.00 | |||||
Other comprehensive income | - | - | 8,067.00 | 8,067.00 | 8,067.00 | |||
Balance as of 31st Dec, 2020 | 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 |
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