Briclinks Africa : BRICKLINKS AFRICA PLC- QUARTER 2 - FINANCIAL STATEMENT FOR 2023

BRICLINKS AFRICA PLC

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

30TH JUNE 2023

C O N T E N T S	Page
CORPORATE INFORMATION	3
REPORT OF THE DIRECTORS	4
STATEMENT OF FINANCIAL POSITION	5
STATEMENT OF COMPREHENSIVE INCOME	6
STATEMENT OF CASH FLOW	7
NOTES ON THE FINANCIAL STATEMENTS	8-11
VALUE ADDED STATEMENT	12
FINANCIAL SUMMARY	13
TRADING, PROFIT AND LOSS ACCOUNT	14

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Corporate Information

Country of incorporation and domicile	Nigeria
Company registration number	RC 1277173
Board of Directors	Mohammed Buhari	-	Executive Director
	Aisha Umar	-	Director
	Ademola Abideen Lawal	-	Director
	Ahmed Galadanci	-	Director
Company Secretary	Olushola Oguntimehin
	Suite 27, Hiltop Plaza
	Wuse Zone 4 Abuja
Registered Head Office	No 8 Justice Lawal Uwais Street
	Off Frederick Chilluba Close,
	Behind Lagos Street Govt Lodge,
	Asokoro, Abuja.
Auditors	Emmanuel Osuagwu & Co.
	(Chartered Accountants)
	No 23, Yaounde Street,
	Wuse zone 6,
	Abuja.
Bankers	Fidelity Bank
	Zenith Bank
Level of assurance	These financial statements have been prepared
	in compliance with the applicable requirements

of the Companies and Allied Matters Act of

Nigeria, Cap C20 LFN 2004.

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REPORT OF THE DIRECTORS

The Directors have pleasure in submitting to the members of the Company their report, together with the audited Financial Statements for the period ended 30 June 2023

Principal Activities

The principal activities of the company continue to be supply of communication equipment.

Results for the period

( Loss)/Profit Before Taxation

Taxation Provision

( Loss)/Profit After Taxation

Profit Brought Forward

20232022

APR-JUNJAN-DEC

=N==N=

1,674,569 5,898,437

(500,000)

1,674,569 5,398,437

13,600,287 8,201,850

PROFIT CARRIED FORWARD	15,274,856		13,600,287

Directors' Interest

For the purpose of section 275 of Companies and Allied Matters Act, CAP 20 LFN 2004, the direct and indirect interests of the Directors in the issued share capital of the Company as

recorded in the Register of Members are as follows:-

Directors Interest in Contracts

None of the Directors has notified the Company for the purpose of the Section 277 of the Companies and Allied Matters Act,CAP 20 LFN 2004, of any declarable interest in contracts with which

the Company is involved as at 30th June, 2023

Post Balance sheet Events

There was no post balance sheet event which had an impact on the financial statements.

Employment and Employees

The company gives equal opportunity to all employees and does not discriminate against disabled persons. As at 30th June 2023, there was no disabled person in the company's employment.

BY ORDER OF THE BOARD

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BRICLINKS AFRICA PLC
STATEMENT OF FINANCIAL POSITION AS AT 30TH JUNE 2023
	NOTE	2023	2022
				APR-JUN			JAN-DEC
ASSETS				=N=			=N=
Non Current Assets
Property, Plant and Equipment	2	423,267,390.00	425,266,420.00
Intangible Assets.	3		321,625,000.00		332,000,000.00
		744,892,390.00	757,266,420.00
CURRENT ASSETS
Inventories
Trade receivables	4	2,114,000.00	1,000,000.00
Prepayment		5,217,626.76
Cash and Cash equivalents	5	19,263,657.00	28,462,335.00
		26,595,283.76	29,462,335.00
Total Assets		771,487,673.76	786,728,755.00
Equity and liabilities
Capital and reserves:
Share Capital		10,000,000.00	10,000,000.00
Retained earnings		15,274,855.76	13,600,287.00
Total Equity		25,274,855.76	23,600,287.00
Non Current Liabilities
Director's Current Account			738,905,468.00		738,905,468.00
Total Non Current Liabilities		738,905,468.00	738,905,468.00
Current Liabilities
Trade & other payables		7,307,350.00	23,223,000.00
Current portion of long term borrowings
Current tax payables					1,000,000.00
Total Current Liabilities		7,307,350.00	24,223,000.00
Total Liabilities		746,212,818.00	763,128,468.00
Total Equity & Liabilities		771,487,673.76	786,728,755.00
…		…
Mohammed Buhari		Ahmed Galadanci
Executive Director		Director
FRC/2020/003/00000022224

The Notes on pages 8 to 11 form an integral part of these Financial Statements.

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