MCNICHOLS PLC McNICHOLS CONSOLIDATED PLC
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED (JANUARY 2022 - JUNE 2022)
NOTE | Jun-22 | Jun-21 | Apr-Jun 2022 | Apr-Jun 2021 | |
₦ | ₦ | ₦ | ₦ | ||
Revenue | 1 | 422,276,073 | 361,732,895 | 204,704,241 | 199,036,000 |
Cost of Sales | (351,934,272) | (299,558,611) | (170,970,785) | (167,556,950) | |
Selling, Marketing & Admin. Expenses | 5 | (50,057,868) | (41,420,562) | (25,686,116) | (21,602,575) |
Finance Charges | 9 | (5,748,189) | (6,354,788) | (2,805,557) | (3,212,228) |
Profit Before Taxation | 14,535,744 | 14,398,934 | 5,241,783 | 6,664,247 | |
Taxation | 6 | (1,607,199) | (1,583,883) | 447,072 | (176,170) |
Profit From Continuing Operations | 12,928,545 | 12,815,051 | 5,688,855 | 6,488,077 | |
Other Comprehensive Income | 7,470,490 | - | 3,813,584 | - | |
Prior Year Deferred Tax Adjustment | - | - | - | - | |
Total Comprehensive Income | - | - | - | - | |
Profit Attributable to the Owners of the | |||||
Company | 20,399,035 | 12,815,051 | 9,502,439 | 6,488,077 | |
Non-Controlling Interest | - | - | - | - | |
Total Comprehensive Income Attributable to | |||||
the Owners of the Company: | 20,399,035 | 12,815,051 | 9,502,439 | 6,488,077 | |
Non-Controlling Interest | - | - | - | - | |
Total Comprehensive Income for the Period | 20,399,035 | 12,815,051 | 9,502,439 | 6,488,077 | |
Earninngs Per Share (Kobo) | 6.24 | 3.92 | 2.91 | 1.99 | |
McNICHOLS CONSOLIDATED PLC
UNAUDITED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30,2022
NOTES | |
ASSETS | |
Property, Plant and Equipment | 8 |
Investment | 7 |
TOTAL NON-CURRENT ASSETS | |
CURRENT ASSETS | |
Inventories | |
Trade and Other Receivables | 2 |
Cash and Cash equivalents | |
Restricted Cash | 11 |
TOTAL CURRENT ASSETS | |
TOTAL ASSETS | |
EQUITY | |
Share Capital | |
Share Premium | |
Retained Earnings | |
Equity Attributable to Owners of the Company | 3 |
Non-controlling Interests | |
TOTAL EQUITY | |
LIABILITIES | |
Long Term Borrowings | 10A |
Provisions | |
Deferred Tax Liabilities | |
TOTAL NON-CURRENT LIABILITIES | |
Trade and Other Payables | 4 |
Loans and Borrowings | 10B |
Current Tax Liabilities | |
TOTAL CURRENT LIABILITIES | |
TOTAL LIABILITIES | |
Total EQUITYAND LIABILITIES | |
Jun-22 | Jun-21 | Dec-21 |
AUDITED | ||
₦ | ₦ | ₦ |
294,890,766 | 340,820,385 | 323,929,624 |
5,820,000 | 5,820,000 | 5,820,000 |
300,710,766 | 346,640,385 | 329,749,624 |
117,182,191 | 144,006,083 | 129,973,012 |
150,951,860 | 78,602,864 | 102,574,618 |
63,791,249 | 18,180,133 | 52,951,878 |
56,639,022 | 94,451,522 | 77,264,022 |
388,564,322 | 335,240,602 | 362,763,531 |
689,275,088 | 681,880,987 | 692,513,155 |
163,350,000 | 163,350,000 | 163,350,000 |
16,913,313 | 16,913,313 | 16,913,313 |
199,291,094 | 186,283,740 | 178,892,057 |
379,554,407 | 366,547,053 | 359,155,370 |
379,554,407 | 366,547,053 | 359,155,370 |
85,937,500 | 127,187,500 | 106,562,500 |
89,000,000 | 89,035,530 | 89,000,000 |
20,945,495 | 20,893,359 | 20,945,495 |
195,882,995 | 237,116,389 | 216,507,995 |
69,002,266 | 33,239,732 | 72,317,373 |
41,250,000 | 37,812,500 | 41,250,000 |
3,585,421 | 7,165,313 | 3,282,417 |
113,837,687 | 78,217,545 | 116,849,790 |
309,720,682 | 315,333,934 | 333,357,785 |
689,275,088 | 681,880,987 | 692,513,155 |
These financial statements were approved by the Board of Directors on 27th July, 2022 and signed on its behalf by:
…………………………………………………………………………………………. | ………………………...…………………….. |
Chimaraoke Ekpe | Adebayo Temitope Abefe |
Managing Director | Finance Manager |
FRC/2016/NIM/00000014307 | FRC/2021/001/00000022401 |
McNICHOLS CONSOLIDATED PLC
STATEMENT OF CHANGE IN EQUITY AS AT 30 JUNE 2022
Other Reserves | ||||
Share Capital | (Share Premium) | Retained Earnings | Total Equity | |
Balance as at 01/01/2021 | 163,350,000 | 16,913,313 | 173,468,688 | 353,732,001 |
Balance as at 30/06/21 | 163,350,000 | 16,913,313 | 186,283,740 | 366,547,053 |
Balance as at 01/01/2022 | 163,350,000 | 16,913,313 | 178,892,057 | 359,155,370 |
Issued Share Capital | - | |||
IPO Cost Written Off | - | |||
Profit for the period | 20,399,037 | 20,399,037 | ||
PPE Revaluation Surplus | - | |||
Balance as at 30/06/22 | 163,350,000 | 16,913,313 | 199,291,094 | 379,554,407 |
McNICHOLS CONSOLIDATED PLC
STATEMENT OF CASH FLOW AS AT 30 JUNE 2022
30-Jun-22 | 30-Jun-21 | 31-Dec-21 | |
₦ | ₦ | ₦ | |
Cash Flow from Operating Activities | 22,353,226 | 28,418,351 | 86,730,471 |
Tax Paid | (11,445,255) | (3,155,765) | (4,122,125) |
Net Cash Generated from Operating Activities | 10,907,970 | 25,262,586 | 82,608,346 |
Cash Flow from Investing Activities | |||
Purchases of property, plant and Equipment | (1,790,900) | (16,530,850) | (23,149,090) |
Sale of property, plant and Equipment | 7,470,490 | - | - |
Net Cash Flow from Investing Activities | 5,679,590 | (16,530,850) | (23,149,090) |
Cash Flows from Financing Activities | |||
Long Term Loans & Leases | (20,625,000) | - | (17,187,500) |
Share Capital | - | - | - |
Net Interest Paid | (5,748,189) | (6,354,788) | (13,489,663) |
Dividend Paid | - | (8,820,900) | |
Net Cash from Financing Activities | (26,373,189) | (6,354,788) | (39,498,063) |
Total Cash Movement for the period | (9,785,629) | 2,376,948 | 19,961,193 |
Cash at beginning of period | 130,215,900 | 110,254,707 | 110,254,707 |
Total cash at end of period | 120,430,271 | 112,631,655 | 130,215,900 |
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McNichols Consolidated plc published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 15:06:30 UTC.
