GREIF NIGERIA : QUARTER 1 - FINANCIAL STATEMENT FOR 2022

GREIF NIGERIA PLC

Plot 5, Chief Yesuf Abiodun Street, Oniru road, Victoria Island, Lagos.

UNAUDITED MANAGEMENT FINANCIAL STATEMENTS

FOR THE FIRST QUARTER PERIOD ENDED

31 JANUARY 2022

GREIF NIGERIA PLC
UNAUDITED MANAGEMENT FINANCIAL STATEMENTS
FOR THE FIRST QUARTER PERIOD ENDED 31 JANUARY 2022
CONTENTS	PAGE
Directors, Bankers, Professional Advisers, etc.	1
Results at a Glance	2
Statement of Financial Position	3
Statement of Profit & Loss & Comprehensive Income	4
Statement of Changes in Equity	5
Statement of Cash Flows	6
Notes to the Financial Statements	7
Statement of Value Added	30
Five Years Financial Summary	31

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GREIF NIGERIA PLC

UNAUDITED MANAGEMENT FINANCIAL STATEMENTS

FOR THE FIRST QUARTER PERIOD ENDED 31 JANUARY 2022

DIRECTORS, PROFESSIONAL ADVISERS

DIRECTORS:	Mr. Adedayo Abiodun Olowoniyi -	Chairman
	Mr. Gaius Adetayo Omotayo
	Mr. Erik Maarten 't Sas	-	Dutch
	Mr. David Onabajo	-	Managing Director
COMPANY	Marina Nominees Limited
SECRETARY:	Aret Adams House
	233 Ikorodu Road,
	Ilupeju, Lagos
	Tel: [phone]
	Email: [e-mail]
REGISTERED	2nd Floor, Plot 5, Chief Yesuf Abiodun Street, Oniru road, Victoria Island, Lagos.
OFFICE:
AUDITORS:	BDO Professional Services
	15 CIPM Avenue Central Business District
	Alausa, Ikeja Lagos
SOLICITORS:	Templars
	5th Floor, The Octagon, 13A AJ Marinho Drive
	Victoria Island, Lagos, Nigeria.
	T:	[phone], 2799 396, 4611 890, 46 11 294
	F: [phone]
PRINCIPAL	United Bank for Africa
BANKERS:
REGISTRARS	All Crown Registrars Limited
AND TRANSFER	190 Ikorodu Road, Onipanu Bus Stop,
OFFICE:	Shomolu, Lagos,
	P.M.B 12884, Marina, Lagos
	Email: aallcrownregistrarsltd.com
AUDIT:	Mr. David Oguntoye
COMMITTEE	Alhaji Kolawole Saka
	Mr. G. A. Omotayo
	Mr. Erik Maarten 't Sas
	Elder Lady A.A Shoewu, JP

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GREIF NIGERIA PLC

UNAUDITED MANAGEMENT FINANCIAL STATEMENTS

FOR THE FIRST QUARTER PERIOD ENDED 31 JANUARY 2022

RESULTS AT A GLANCE

	31-Jan-2231-Jan-21
	N'000	N'000
Revenue	-	-
Cost of sales	-	-
Gross profit
	-	-
Other income	-	1.2
Administrative Expenses	118,929	(13,805)
(Loss)/profit from operating activities	118,929	(13,804)
Finance income	32	54
(Loss)/profit before taxation
118,961	(13,750)
Tax income/(expense)	0	0
(Loss)/profit for the year
118,961	(13,750)

Total comp. (loss)/income for the year	118,961	(13,750)
(Loss)/earnings per 50k share (in kobo)	279	-32

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• Change Incr/(Decr)

961%

962%

-41%

965%

965%

965%

972%

GREIF NIGERIA PLC

UNAUDITED MANAGEMENT FINANCIAL STATEMENTS

FOR THE FIRST QUARTER 31 JANUARY 2022

STATEMENT OF FINANCIAL POSITION

		31-Jan-22	31-Oct-21
		N'000	N'000
Current assets
Trade and other receivables	5	101,602	101,602
Cash and cash equivalents	6	257,827	138,866
		359,429	240,468
Current liabilities
Trade and other payables	7	131,168	131,168
Income tax payable		3,617	3,617
		134,785	134,785
Net assets		224,644	105,683

Equity
Share capital	8	21,320	21,320
Retained earnings	9	203,324	84,363
Total equity		224,644	105,683

David Onabajo	Mr. Gaius A. Omotayo	Bolaji. O. Osho
Managing Director	Director	Chief Finance Officer
FRC/2018/IODN/00000018995	FRC/2014/IODN/00000009253	FRC/2014/ICAN/00000007531

The Board of Directors approved these financial statements on 11th February 2022

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