MCNICHOLS PLC McNICHOLS CONSOLIDATED PLC
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED (JANUARY 2022 - DECEMBER 2022)
Revenue
Cost of Sales
Selling, Marketing & Admin. Expenses
Finance Charges
Profit Before Taxation
Taxation
Profit From Continuing Operations
Other Comprehensive Income
Prior Year Deferred Tax Adjustment
Total Comprehensive Income
Profit Attributable to the Owners of the Company
Non-Controlling Interest
Total Comprehensive Income Attributable to the Owners of the Company:
NOTE
1
5
9
6
31-Dec-22
₦
849,940,653
(706,653,775)
(107,893,396)
(11,574,835)
23,818,647
(2,267,678)
21,550,969
7,620,490
5,717,595
-
34,889,054
-
34,889,054
AUDITED
31-Dec-21
₦
787,772,470
(661,343,273)
(95,360,712)
(13,489,663)
17,578,822
(3,282,417)
14,296,405
-
(52,136)
-
14,244,269
-
14,244,269
Non-Controlling Interest
-
-
Total Comprehensive Income for the Period
34,889,054
14,244,269
Earnings Per Share (Kobo)
4.85
4.36
McNICHOLS CONSOLIDATED PLC
UNAUDITED STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31,2022
ASSETS
Property, Plant and Equipment
Investments
TOTAL NON-CURRENT ASSETS
CURRENT ASSETS
Inventories
Trade and Other Receivables
Cash and Cash Equivalent
Restricted Cash
TOTAL CURRENT ASSETS
TOTAL ASSETS
EQUITY
Share Capital
Share Premium
Retained Earnings
Equity Attributable to Owners of the Company Non-controlling Interests
TOTAL EQUITY
LIABILITIES
Long Term Borrowings
Provisions
Deferred Tax Liabilities
TOTAL NON-CURRENT LIABILITIES
Trade and Other Payables
Loans and Borrowings
Current Tax Liabilities
TOTAL CURRENT LIABILITIES
TOTAL LIABILITIES
TOTAL EQUITY AND LIABILITIES
NOTES
8
7
2
11
3
10A
4
10B
AUDITED | |
Dec-22 | Dec-21 |
₦ | ₦ |
281,003,103 | 323,929,624 |
5,820,000 | 5,820,000 |
286,823,103 | 329,749,624 |
92,610,216 | 129,973,012 |
114,173,405 | 102,574,618 |
94,227,676 | 52,951,878 |
65,890,267 | 77,264,022 |
366,901,564 | 362,763,531 |
653,724,667 | 692,513,155 |
359,370,000 | 163,350,000 |
13,723,990 | 16,913,313 |
7,960,112 | 178,892,057 |
381,054,102 | 359,155,370 |
381,054,102 | 359,155,370 |
65,312,500 | 106,562,500 |
89,000,000 | 89,000,000 |
15,227,900 | 20,945,495 |
169,540,400 | 216,507,995 |
59,612,487 | 72,317,373 |
41,250,000 | 41,250,000 |
2,267,678 | 3,282,417 |
103,130,165 | 116,849,790 |
272,670,565 | 333,357,785 |
653,724,667 | 692,513,155 |
These financial statements were approved by the Board of Directors on 26th January, 2023 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 31 DECEMBER 2022
Other Reserves | Retained | |||
Share Capital | (Share Premium) | Earnings | Total Equity | |
Balance as at 01/01/2021 | 163,350,000 | 16,913,313 | 173,468,688 | 353,732,001 |
Total comprehensive income for the year | - | |||
Profit for the year | - | - | 14,244,269 | 14,244,269 |
IPO Cost Written Off | - | |||
Dividend paid | (8,820,900.00) | (8,820,900) | ||
PPE Revaluation Surplus | - | |||
Balance as at 31/12/2021 | 163,350,000 | 16,913,313 | 178,892,057 | 359,155,370 |
Balance as at 01/01/2021 | 163,350,000 | 16,913,313 | 178,892,057 | 359,155,370 |
Issued Share Capital | 196,020,000 | (196,020,000) | - | |
Total comprehensive income for the year | - | |||
Profit for the year | 34,889,055 | 34,889,055 | ||
IPO Cost Written Off | (3,189,323) | (3,189,323) | ||
Dividend paid | (9,801,000.00) | (9,801,000) | ||
PPE Revaluation Surplus | - | |||
Balance as at 31/12/21 | 359,370,000 | 13,723,990 | 7,960,112 | 381,054,102 |
McNICHOLS CONSOLIDATED PLC
STATEMENT OF CASH FLOW AS AT 31 DECEMBER 2022
AUDITED | ||
31-Dec-22 | 31-Dec-21 | |
₦ | ₦ | |
Cash Flow from Operating Activities | 102,332,631 | 86,730,471 |
Tax Paid | (12,913,188) | (4,122,125) |
Net Cash Generated from Operating Activities | 89,419,443 | 82,608,346 |
Cash Flow from Investing Activities | ||
Purchases of property, plant and Equipment | (5,492,155) | (23,149,090) |
Sale of property, plant and Equipment | 7,620,490 | - |
Net Cash Flow from Investing Activities | 2,128,335 | (23,149,090) |
Cash Flows from Financing Activities | ||
Long Term Loans & Leases | (41,250,000) | (17,187,500) |
Share Capital | - | - |
Net Interest Paid | (11,574,835) | (13,489,663) |
Dividend Paid | (8,820,900) | (8,820,900) |
Net Cash from Financing Activities | (61,645,735) | (39,498,063) |
Total Cash Movement for the period | 29,902,043 | 19,961,193 |
Cash at beginning of period | 130,215,900 | 110,254,707 |
Total cash at end of period | 160,117,943 | 130,215,900 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
McNichols Consolidated plc published this content on 30 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2023 16:13:30 UTC.
