SCOA NIGERIA PLC
[RC: 6293]
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31ST DECEMBER, 2022
SCOA NIGERIA PLC
UN-AUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD Oct to 31st Dec , 2022
Unaudited | Unaudited | ||
Current Period | |||
Current Period Ended | Ended | % changes | |
Oct to Dec,2022 | Oct to Dec,2021 | ||
N'000 | N'000 | ||
Revenue | 961,471.63 | 7,992,867.78 | (7.31) |
Cost of Sales | (846,188.09) | (8,358,115.01) | (8.88) |
Gross profit | 115,283.54 | (365,247.23) | 4.17 |
Distribution/Admin and Other Expenses | (77,172.57) | (2,139,835.12) | (26.73) |
Other Income | 609,902.68 | 2,991,287.02 | (3.90) |
Financial Charges | (211,021.52) | (323,557.56) | (0.53) |
Profit/Loss Before Tax | 436,992.13 | 162,647.11 | 0.63 |
Finance income | 18,793.49 | ||
Taxation | (15,086.37) | (676,902.77) | (43.87) |
Profit/Loss After Tax | 421,905.76 | (495,462.17) | 2.17 |
Other Comprehensive Income | - | (31,895.29) | |
Total Comprehensive Income | 421,905.76 | (527,357.46) | 2.25 |
Profit/Loss After Tax Attr. To Noncontr | 293,632.75 | (210,942.98) | 1.72 |
Profit/Loss After Tax Owners of the Com | 388,913.48 | (316,414.48) | 1.81 |
Total Comp. Inc.Attr. to Non-Controlling | Interest | ||
Attributable to Owners of the Company | |||
Basis/Diluted (loss) /Earnings per Share | 0.60 | (0.49) | |
SCOA NIGERIA PLC
UN-AUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD 31st December, 2022
Unaudited | Audited |
Current Period | ||||
Ended | Year Ended | % changes | ||
31st Dec,2022 | 31st Dec,2021 | |||
N'000 | N'000 | |||
Revenue | 3,979,096.50 | 15,191,211.83 | (0.74) | |
Cost of Sales | (3,281,042.54) | (14,587,553.74) | (0.78) | |
Gross profit | 689,053.96 | 603,658.09 | 0.14 | |
Distribution/Admin Expenses | (974,530.23) | (1,474,528.68) | (0.34) | |
Other Income | 601,161.11 | 1,738,129.01 | (0.65) | |
Financial Charges | (671,774.38) | (323,557.56) | 1.08 | |
Finance income | 18,793.49 | (1.00) | ||
Profit/Loss Before Tax | (347,089.53) | 562,494.35 | (1.62) | |
Taxation | (15,086.37) | (381,713.91) | (0.96) | |
Profit/Loss After Tax | (362,175.91) | 180,780.44 | (3.00) | |
Other Comprehensive Income | (31,895.29) | (1.00) | ||
Total Comprehensive Income | (362,175.91) | 148,885.15 | (3.43) | |
Profit/Loss After Tax Attr. To Noncontrol | (51,535.64) | 58,070.58 | (1.89) | |
Profit/Loss After Tax Owners of the Com | (310,640.27) | 90,814.57 | (4.42) | |
Total Comp. Inc.Attr. to Non-Controlling Interest | ||||
Attributable to Owners of the Company | ||||
Basis/Diluted (loss) /Earnings per Share | 0.48 | 0.14 | 2.43 | |
SCOA NIGERIA PLC
UN-AUDITED STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER, 2022
Un-Audited | Audited | ||
Current Period Ended | Year Ended | % changes | |
31st Dec,2022 | 31st Dec '21 | ||
N'000 | N'000 | ||
Property, plant and equipment | 3,783,087.11 | 3,947,631.00 | 0.04 |
Deferred Tax Assets | 432,116.46 | 373,766.00 | (0.16) |
Investment in subsidiary / associates Cos. | - | ||
Total Non Current Assets | 4,215,203.57 | 4,321,397.00 | 0.02 |
Inventories | 2,351,764.85 | 2,420,600.05 | 0.03 |
Debtors and Other Receivables | 2,369,169.75 | 3,894,237.00 | 0.39 |
Other current assets | (186,869.55) | 360,439.00 | 1.52 |
Cash and cash equivalents | 8,005,033.79 | 12,451,423.00 | 0.36 |
Total Current Assets | 12,539,098.85 | 19,126,699.05 | 0.34 |
Advance from customer | 843,259.00 | 843,259.00 | - |
Trade and Other Payables | 9,441,054.38 | 15,890,383.00 | 0.41 |
Current Financial liabilities | 2,597,901.97 | 2,113,271.00 | (0.23) |
Current Tax Liabilities | 169,702.23 | 255,885.00 | 0.34 |
Total Current Liabilities | 13,051,917.69 | 19,102,798.00 | 0.32 |
Non-Current Financial liabilities | 989,571.16 | 1,319,012.00 | 0.25 |
Defined benefit Plan | 73,601.05 | 160,874.00 | 0.54 |
Deferred Tax Liabilities | - | ||
Liabilities included in disposal | |||
groups classified as held for | |||
sale (Where applicable) | |||
Total Non-Current Liabilities | 1,063,172.22 | 1,479,886.00 | 0.28 |
Working Capital | (512,818.83) | 23,901.05 | 22.46 |
Net Assets | 2,639,212.52 | 2,865,412.05 | 0.08 |
Non Controlling Interest | (545,117.36) | 596,653.00 | 1.91 |
Attributable to Owners of the Co | 3,184,329.88 | 2,268,759.00 | (0.40) |
These consolidated financial statements were approved by the Board of Directors on 27th Jannuary, 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 Dec '22- (UN-AUDITED)
Issued & paid up Share Capital | 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 | 310,640.27 | 310,640.27 | (51,535.64) | 259,104.63 | 0.72 | |||
Other comprehensive | ||||||||
income/(loss) | - | |||||||
Balance as of 31st Dec' 2022 | 324,913.00 | 194,405.00 | (3,382,244.73) | 5,434,841.00 | 2,571,914.27 | 545,117.36 | 3,117,031.63 | 0.08 |
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 |
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