Omatek Ventures PLC
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31ST MARCH, 2023
OMATEK VENTURES PLC
Table of Contents | |
Consolidated Statement of Financial Position | 11 |
Consolidated Statement of Profit or Loss and Other Comprehensive Income | 12 |
Consolidated Statement of Changes in Equity | 13 |
Consolidated Statement of Cashflows | 15 |
Notes to the Consolidated Financial Statements | 23 - 30 |
Statement of Value Added | 31 |
Consolidated Financial Summary | 32 |
OMATEK VENTURES PLC
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31ST MARCH 2023
GROUP | COMPANY | ||||||||
NOTE 31-Mar-23 | 2022 | 31-Mar-23 | 2022 | ||||||
N'M | N'M | N'M | N'M | ||||||
ASSETS | |||||||||
PROPERTY,PLANT & EQUIPMENT | 8 | 1,525 | 1,535 | 1,536 | 1,535 | ||||
INVESTMENT PROPERTY | 9 | 2,200 | 2,200 | 2,200 | 2,200 | ||||
INVESTMENTS | 10 | 132 | 132 | (2,508) | (2,508) | ||||
DEFFERED TAX ASSET | 11 | 50 | 50 | - | - | ||||
TOTAL NON CURRENT ASSETS | 3,907 | 3,917 | 1,229 | 1,227 | |||||
INVENTORIES | 12 | 609 | 609 | - | - | ||||
TRADE & OTHER RECEIVABLES | 13 | 98 | 98 | 3,493 | 3,493 | ||||
CASH & CASH EQUIVALENTS | 15 | 45 | 48 | ||||||
TOTAL CURRENT ASSETS | 752 | 755 | 3,493 | 3,493 | |||||
TOTAL ASSETS | 4,659 | 4,672 | 4,722 | 4,720 | |||||
EQUITY | |||||||||
SHARE CAPITAL | 16 | 1,471 | 1,471 | 1,471 | 1,471 | ||||
SHARE PREMIUM | 17 | 4,376 | 4,376 | 4,376 | 4,376 | ||||
RETAINED EARNINGS | (16,463) | (16,132) | (16,089) | (15,793) | |||||
REVALUATION RESERVE | 18 | 615 | 615 | 615 | 615 | ||||
NON CONTROLLING INTEREST | (3,466) | (3,429) | - | - | |||||
TOTAL EQUITY | (13,467) | (13,099) | (9,626) | (9,331) | |||||
LIABILITIES | |||||||||
LONG TERM LOANS & BORROWINGS | 19 | 6,774 | 6,774 | 6,774 | 6,774 | ||||
DEFFERED TAX LIABILITY | 11 | 431 | 431 | 460 | 460 | ||||
TOTAL NON CURRENT LIABILITIES | 7,205 | 7,205 | 7,234 | 7,234 | |||||
BANK OVERDRAFT | 15 | 448 | 448 | - | - | ||||
TRADE & OTHER PAYABLES | 20 | 9,255 | 8,900 | 7,041 | 6,744 | ||||
ACCRUED TAX | 11 | 216 | 216 | 72 | 72 | ||||
SHORT TERM LOANS & BORROWINGS | 26 | 1,002 | 1,002 | - | - | ||||
TOTAL CURRENT LIABILITIES | 10,921 | 10,566 | 7,114 | 6,817 | |||||
TOTAL LIABILITIES | 18,126 | 17,771 | 14,348 | 14,051 | |||||
TOTAL EQUITIES & LIABILITIES | 4,659 | 4,672 | 4,722 | 4,720 | |||||
0 | 0 | (0) | (0) |
The financial statements were approved by the Board of Directors on 27th April, 2023 and signed on its behalf by:
……………………………. | ||
Dr. Timothy Farinre | Mr. Anthony O. Omhenke | Yemi Ogundipe |
Group Chairman | Chief Finance Officer | Group Managing Director |
FRC/2014/COREN/0000007564 | FRC/2014/ICAN/00000008200 | FRC/2013/ICAN/00000001615 |
THE NOTES FORM AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS
11
OMATEK VENTURES PLC
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31ST DECEMBER, 2022
GROUP | COMPANY | |||||||
NOT | ||||||||
E 31-Mar-23 | 31-Mar-22 | 31-Mar-23 | 31-Mar-22 | |||||
N'M | N'M | N'M | N'M | |||||
REVENUE | 21 | 0.10 | - | - | - | |||
- | ||||||||
COST OF SALES | (0.07) | - | - | - | ||||
- | - | |||||||
GROSS PROFIT | 0.03 | - | - | - | ||||
OTHER INCOME | - | - | - | - | ||||
SELLING AND DISTRIBUTION EXPENSES | - | - | - | |||||
ADMINISTRATION EXPENSES | (16.67) | (14.67) | - | |||||
- | - | - | - | |||||
RESULTS FROM OPERATING ACTIVITIES | (16.64) | (14.67) | - | - | ||||
- | - | |||||||
FINANCE COST | (352.17) | (352.17) | (295.50) | (295.50) | ||||
- | - | - | ||||||
PROFIT/(LOSS) BEFORE TAX | (368.81) | (366.84) | (295.50) | (295.50) | ||||
TAX EXPENSE | 11 | - | ||||||
- | - | - | - | |||||
PROFIT/(LOSS) ON CONTINUING OPERATIONS | (368.81) | (366.84) | (295.50) | (295.50) | ||||
OTHER COMPREHENSIVE INCOME | ||||||||
RENTAL INCOME | 22 | - | - | - | - | |||
OTHER EXPENSE | 23 | - | - | - | - | |||
TOTAL OTHER COMPREHENSIVE INCOME | (368.81) | (366.84) | (295.50) | (295.50) | ||||
- | - | |||||||
TOTAL COMPREHENSIVE INCOME | (368.81) | (366.84) | (295.50) | (295.50) | ||||
PROFIT ATTRIBUTABLE TO THE GROUP | (331.18) | (329.41) | ||||||
NON CONTROLLING INTEREST | (37.63) | (37.43) | ||||||
- | - | |||||||
(368.81) | (366.84) | |||||||
BASIC EARNINGS/(LOSS) PER SHARE (NGN) | 25 | (0.66) | (0.12) | |||||
DILUTED EARNINGS/(LOSS) PER SHARE (NGN) | (0.66) | (0.12) | ||||||
THE NOTES FORM AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS
12
OMATEK VENTURES PLC
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31ST MARCH 2023
GROUP
SHARE | SHARE | RETAINED REVALUATION | NON | TOTAL | ||
CAPITAL | PREMIUM | EARNINGS | RESERVE | CONTROLLING | EQUITY | |
INTEREST | ||||||
N'M | N'M | N'M | N'M | N'M | N'M | |
BALANCE AT 1ST JANUARY 2023 | 1,470.89 | 4,376.34 | (16,132.22) | 614.90 | (3,428.52) | (13,098.60) |
TOTAL COMPREHENSIVE INCOME | ||||||
PROFIT/(LOSS) ON CONTINUING OPERATIONS | (331.18) | (37.63) | (368.81) | |||
OTHER COMPREHENSIVE INCOME | ||||||
OTHER INCOME | - | - | - | |||
TOTAL OTHER COMPREHENSIVE INCOME | - | (37.63) | (37.63) | |||
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | - | - | - | - | - | - |
BALANCE AT 31ST MARCH 2023 | 1,470.89 | 4,376.34 | (16,463.40) | 614.90 | (3,466.15) | (13,467.41) |
SHARE CAPITAL | SHARE | RETAINED | REVALUATION | NON | TOTAL | |
PREMIUM | EARNINGS | RESERVE | CONTROLLING | EQUITY | ||
INTEREST | ||||||
N'M | N'M | N'M | N'M | N'M | N'M | |
BALANCE AT 1ST JANUARY 2022 | 1,470.89 | 4,376.34 | (14,338.57) | 614.90 | (3,293.29) | (11,169.72) |
TOTAL COMPREHENSIVE INCOME | ||||||
PROFIT/(LOSS) ON CONTINUING OPERATIONS | (329.41) | - | (38.45) | (367.86) | ||
OTHER COMPREHENSIVE INCOME | ||||||
OTHER INCOME | - | - | - | |||
TOTAL OTHER COMPREHENSIVE INCOME | - | (38.45) | (135.15) | |||
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | - | - | - | - | - | - |
BALANCE AT 31ST MARCH 2022 | 1,470.89 | 4,376.34 | (14,667.98) | 614.90 | (3,331.74) | (11,537.58) |
13
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Omatek Ventures plc published this content on 30 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 May 2023 00:07:07 UTC.