Briclinks Africa : BRICKLINKS AFRICA PLC- YEAR END - FINANCIAL STATEMENT FOR 2022

BRICLINKS AFRICA PLC

MANAGEMENT REPORT

FOR THE YEAR ENDED 31STDECEMBER 2022

CONTENTS	Page
Corporate Information	1
Report of the directors	2-4
Director Responsibilities	5
Statement of Financial Position	9
Income Statements	10
Statement of Cash flow	11
Value Added Statement	12
Statements of Changes in Equity	13
Notes	14-17
Financial Summary	18
Trading, Profit and loss account	19

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.

Bankers	Fidelity Bank
	Zenith Bank
Level of assurance	These Management Report have been
	prepared in compliance with the
	applicable requirements of the
	Companies and Allied Matters Act of
	Nigeria, Cap C20 LFN 2004.

REPORT OF THE DIRECTORS

The Directors have pleasure in submitting to the members of the Company their report, together with the Management report for the period ended 31st December, 2022

Principal Activities

The principal activities of the company during the year are provision of Telecommunication, Internet Service Provider and Installation Service.

Result for the period	2022
	N
(Loss)/Profit Before Taxation	5,898,437
Taxation Provision	(500,000)
(Loss)/Profit After Taxation	5,398,437
Profit Brought Forward	8,201,850
PROFIT CARRIED FORWARD	13,600,287

Legal Form

The company was incorporated as a private limited liability company with registration number RC: 1277173

Directors' Interest In Shares

Pursuant to Sections 275 and 276 of the Companies and Allied Matters Act. CAP C20 Laws of the Federation of Nigeria 2004, the direct and indirect interest of the Directors in the shares of the Company as notified by them and recorded in the Register is as follows:

	31/12/2022
	No of Shares of	N	1 each
Mr. Mohammed Buhari	5,000,000
Ms. Aisha Umar	1,000,000
Ademola Abideen Lawal	500,000
Ahmed Galadanci	500,000

Director's Interest In Contracts

None of the Company's directors has notified the Company for the purpose of Section 277 of the Companies and Allied Matters Act 2004 as amended of any declarable interest in contracts in which the Company is involved as at 31st December, 2019.

Analysis of Shareholding

According to the Register of Members, the following shareholders hold more that 5% of the issued Share Capital of the Company as at the reporting date.

	2020
	Number of	% Holding
	Shares
Mr. Mohammed Buhari	5,000,000	50%
Mr. Aisha Umar	1,000,000	10%
Mr. Hilda Khavere Luchings	1,000,000	10%
Others	3,000,000	30%

Donations

There was no donation & charitable gift made during the year.

Fraud

The Company did not witness any case of fraud during the period.

Human Resources Policy.

1. Employment of Physically Challenged Persons

It is the policy of the Company that there will be no discrimination in considering applications for employment including those from disabled persons. All employees whether disabled or not are given equal opportunities to develop their experience and knowledge and to qualify for promotion in furtherance of their career. As at 31st December, 2021. no disabled person was employed by the Company.

1. Health, Safety and Welfare

The Company maintains business premises and work environment that guarantee the safety and health of its employee and other stakeholders.

1. Employment Involvement and Training

The Company is committed to keeping employees fully informed as much as possible regarding the Company's performance and progress. Views of employees are sought where practicable on matters that particularly affect them as employees, Incentive schemes designed to meet changing circumstances of employees are implemented whenever appropriate and some of these schemes include bonus, promotion and salary review. The Company places a high premium on the training & development of its staff; hence the Company sponsored its employee for various training courses.