Group Financials
RED STAR EXPRESS PLC
2022/006
UNAUDITED FINANCIAL REPORT
FOR THE PERIOD ENDED 31ST DECEMBER, 2021
2022/009
RED STAR EXPRESS PLC
UNAUDITED FINANCIAL HIGHLIGHTS
FOR THE PERIOD ENDED 31ST DECEMBER, 2021
MAJOR STATEMENT OF COMPREHENSIVE INCOME ITEMS
THE GROUP | ||||||
Current Period | Comparative Period | |||||
Interim Period | Year to Date | Interim Period | Year to Date | |||
Oct'21 - Dec'21 | Apr'21 - Dec'21 | Oct'20 - Dec'20 | Apr'20 - Dec'20 | |||
N'000 | N'000 | N'000 | N'000 | |||
TURNOVER | 3,268,706 | 9,196,973 | 2,599,206 | 6,595,100 | ||
PROFIT/LOSS BEFORE TAX | 90,524 | 311,449 | 98,533 | 14,050 | ||
PROFIT/LOSS AFTER TAX | 61,556 | 210,228 | 92,035 | (2,438) | ||
THE COMPANY | ||||||
Current Period | Comparative Period | |||||
Interim Period | Year to Date | Interim Period | Year to Date | |||
Oct'21 - Dec'21 | Apr'21 - Dec'21 | Oct'20 - Dec'20 | Apr'20 - Dec'20 | |||
N' 000 | N' 000 | N' 000 | N' 000 | |||
TURNOVER | 1,863,407 | 5,332,666 | 1,474,357 | 3,643,078 | ||
PROFIT/LOSS BEFORE TAX | 59,132 | 200,511 | 32,073 | (101,232) | ||
PROFIT/LOSS AFTER TAX | 39,027 | 135,345 | 28,388 | (110,340) | ||
MAJOR STATEMENT OF FINANCIAL POSITION ITEMS | ||||||
THE GROUP | THE COMPANY | |||||
Dec-21 | Mar-21 | Dec-21 | Mar-21 | |||
N' 000 | N' 000 | N' 000 | N' 000 | |||
TOTAL ASSETS | 7,809,024 | 7,539,054 | 6,031,722 | 5,654,621 | ||
SHAREHOLDERS FUND | 4,443,177 | 4,232,949 | 3,606,044 | 3,470,699 | ||
SHARE CAPITAL | 463,176 | 463,176 | 463,176 | 463,176 | ||
SHARE PREMIUM | 1,437,001 | 1,437,001 | 1,437,001 | 1,437,001 | ||
REVENUE RESERVE | 2,541,206 | 2,330,978 | 1,704,073 | 1,568,728 | ||
INFORMATION PER 50 KOBO ORDINARY SHARE | ||||||
THE GROUP | THE COMPANY | |||||
Dec-21 | Mar-21 | Dec-21 | Mar-21 | |||
NO OF ORDINARY SHARES | 926,352 | 926,352 | 926,352 | 926,352 | ||
NET ASSET (N) | 4,443,179 | 4,232,949 | 3,606,044 | 3,470,699 | ||
EARNINGS PER SHARE (KOBO) | ||||||
23 | 16 | 15 | 31 | |||
NET ASSET PER SHARE(KOBO) | 480 | 457 | 389 | 375 | ||
RED STAR EXPRESS PLC
UNAUDITED CONSOLIDATED & SEPARATE
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31ST DECEMBER, 2021
Note | |
Turnover | 1 |
Cost of sales | 3 |
Gross profit | |
Other income | 2 |
Administrative and Other Operating | |
Expenses | 4 |
Staff Gratuity | 5 |
Depreciation & Amortisation | 6 |
Impairment Loss | |
Effect of change in estimate useful | |
life of PPE | |
Total operating Expences | |
Finance Income | 7 |
Finance Costs | 7 |
Profit/Loss Before interest and Tax
Interest and similar charges Provision for diminution in investments
Profit/(Loss) Before Income Tax
Income Tax | 8.1 |
Profit/(Loss) from continuing operation
Profit attributable to:
Owners of the company
Non controlling Interests
Profit for the period
Earnings per share | |
Basic earnings per share (kobo) | 29 |
Diluted earnings per share (kobo) | |
Number of ordinary shares in | 29 |
issue | |
The Group | The Company | |||||||||||||||
Current Period | Comparative Period | Current Period | Comparative Period | |||||||||||||
Interim Period | Year to Date | Interim Period | Year to Date | Interim Period | Year to Date | Interim Period | Year to Date | |||||||||
Oct'21 - Dec'21 | Apr'21 - Dec'21 | Oct'20 - Dec'20 | Apr'20 - Dec'20 | Oct'21 - Dec'21 | Apr'21 - Dec'21 | Oct'20 - Dec'20 | Apr'20 - Dec'20 | |||||||||
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | |||||||||
3,268,706 | 9,196,973 | 2,599,206 | 6,595,100 | 1,863,407 | 5,332,666 | 1,474,357 | 3,643,078 | |||||||||
(2,612,300) | (7,266,827) | (2,033,962) | (5,235,022) | (1,436,532) | (4,054,513) | (1,126,954) | (2,847,567) | |||||||||
656,407 | 1,930,146 | 565,244 | 1,360,078 | 426,875 | 1,278,153 | 347,403 | 795,511 | |||||||||
17,357 | 36,152 | 28,340 | 29,347 | 17,167 | 34,347 | 13,925 | 16,213 | |||||||||
673,764 | 1,966,298 | 593,584 | 1,389,425 | 444,042 | 1,312,500 | 361,328 | 811,724 | |||||||||
(512,226) | (1,459,668) | (455,568) | (1,248,764) | (332,073) | (967,524) | (303,401) | (827,185) | |||||||||
(6,574) | (15,561) | (6,632) | (16,557) | (4,186) | (10,032) | (3,951) | (9,751) | |||||||||
(32,562) | (92,673) | (27,024) | (84,909) | (29,937) | (85,002) | (25,088) | (78,745) | |||||||||
- | - | - | - | - | - | - | - | |||||||||
- | - | - | - | - | - | - | - | |||||||||
(551,362) | (1,567,901) | (489,224) | (1,350,230) | (366,196) | (1,062,559) | (332,439) | (915,681) | |||||||||
2,498 | 3,641 | 3,351 | 7,290 | 2,498 | 3,417 | 3,341 | 6,950 | |||||||||
(34,375) | (90,588) | (9,178) | (32,435) | (21,212) | (52,847) | (155) | (4,226) | |||||||||
90,524 | 311,449 | 98,533 | 14,050 | 59,132 | 200,511 | 32,075 | -101,232 | |||||||||
- | - | - | - | - | - | - | - | |||||||||
90,524 | 311,449 | 98,533 | 14,050 | 59,132 | 200,511 | 32,073 | (101,232) | |||||||||
(28,968) | (101,221) | (6,498) | (16,488) | (20,105) | (65,166) | (3,686) | (9,108) | |||||||||
61,556 | 210,228 | 92,035 | (2,438) | 39,027 | 135,345 | 28,388 | (110,340) | |||||||||
61,556 | 210,228 | 92,035 | (2,438) | 39,027 | 135,345 | 28,388 | (110,340) | |||||||||
- | - | - | - | - | - | - | - | |||||||||
61,556 | 210,228 | 92,035 | (2,438) | 39,027 | 135,345 | 28,388 | (110,340) | |||||||||
23 | (0) | 15 | (12) | |||||||||||||
926,352 | 926,352 | 926,352 | 926,352 |
RED STAR EXPRESS PLC
UNAUDITED CONSOLIDATED & SEPARATE STATEMENT
OF FINANCIAL POSITION | ||||||
AS AT 31ST DECEMBER, 2021 | ||||||
The Group | The Company | |||||
Dec-21 | Mar-21 | Dec-21 | Mar-21 | |||
Note | N'000 | N'000 | N'000 | |||
ASSETS | ||||||
Non Current Assets | ||||||
Property Plant and |Equipments | 9 | 2,753,818 | 2,550,455 | 1,216,942 | 1,030,564 | |
Intangible Assets | 10 | 55,263 | 45,233 | 54,729 | 44,100 | |
Right Of Use of Assets | 11 | 270,523 | 283,435 | 114,418 | 127,330 | |
Long Term Prepayments | 15 | 81,634 | 3,599 | 62,848 | 3,599 | |
Equity instrument at fair value through OCI | 11.1 | 2,329 | 2,329 | 2,329 | 2,329 | |
Investment in subsidiary | 11.2 | - | - | 1,153,065 | 1,153,065 | |
Employee Benefit asset | 120,009 | 164,738 | 121,944 | 164,738 | ||
Total Non Current Assets | 3,283,575 | 3,049,790 | 2,726,275 | 2,525,725 |
Current Assets | |||
Inventories | 12 | 91,229 | 66,540 |
Trade debtors | 13 | 1,937,927 | 2,074,492 |
Other receivables | 14 | 1,403,306 | 1,118,005 |
Current prepayments | 15 | 274,963 | 275,260 |
Due from related company | 28 | ||
Cash and cash equivalents | 16 | 818,024 | 954,966 |
Total Current Assets | 4,525,449 | 4,489,264 | |
TOTAL ASSETS | 7,809,024 | 7,539,054 | |
EQUITY AND LIABILITIES | |||
LIABILITIES | |||
Non-current liabilities | |||
Deferred taxation | 18 | 150,181 | 150,181 |
Provision for liabilities and charges | |||
Finance Lease Obligation | 50,366 | 56,793 | |
Interest bearing loans and borrowings | 336,827 | 379,805 | |
Total Non Current Liabilities | 537,375 | 586,779 | |
Current liabilities | |||
Trade creditors | 790,531 | 763,366 | |
Other creditors and accruals | 17 | 1,672,936 | 1,551,519 |
Due to related companies | 28 | ||
Finance Lease Obligation | 109,646 | 123,636 | |
Income tax liabilities | 8.2 | 162,617 | 176,232 |
Interest bearing loans and borrowings | 92,740 | 104,573 | |
Total Current Liabilities | 2,828,470 | 2,719,326 | |
TOTAL LIABILITIES | 3,365,845 | 3,306,105 |
77,47653,551
953,950 1,034,651
513,878376,436
115,382105,791
938,500834,787
706,261723,680
3,305,447 3,128,896
6,031,722 5,654,621
21,383 | 21,383 |
48,156 | 56,793 |
- | - |
69,539 | 78,176 |
835,760 | 763,368 |
1,337,783 | 1,133,626 |
22,431 | 87,935 |
41,285 | 27,522 |
118,880 | 93,295 |
2,356,139 | 2,105,746 |
2,425,678 | 2,183,922 |
Equity | ||||||
Share capital | 19 | 463,176 | 463,176 | 463,176 | 463,176 | |
Share premium | 1,437,001 | 1,437,001 | 1,437,001 | 1,437,001 | ||
Retained Earnings | 2,541,206 | 2,330,978 | 1,704,073 | 1,568,728 | ||
Fair value of equity instrument designated at FVOCI | 1,794 | 1,794 | 1,794 | 1,794 | ||
Total Equity | 4,443,177 | 4,232,949 | 3,606,044 | 3,470,699 | ||
TOTAL EQUITY AND LIABILITIES | 7,809,024 | 7,539,054 | 6,031,722 | 5,654,621 | ||
The consolidated and separate financial statements were approved by the Board on the 27th of January, 2021 and signed on its behalf by:
Sola Obabori | Babura Auwalu Badamasi | |
Group Managing Director | Chief Financial Officer | |
FRC/2016/IODN/00000015290 | FRC/2016/ICAN/00000014402 |
RED STAR EXPRESS PLC
UNAUDITED CONSOLIDATED & SEPARATE STATEMENT OF CHANGES IN EQUITY | |||||||||||||
FOR THE PERIOD ENDED 31ST DECEMBER, 2021 | |||||||||||||
The Group | The Company | ||||||||||||
Fair Value of | Fair Value of | ||||||||||||
Equity | Equity | ||||||||||||
Instrument | Instrument | ||||||||||||
Issued | designated at | Issued | Retained | designated at | |||||||||
Capital | Share Premium | Retained Earnings | FVOCI | Total | Capital | Share Premium | Earnings | FVOCI | Total | ||||
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | ||||
As at 1st April 2021 | 463,176 | 1,437,001 | 2,330,978 | 1,794 | 4,232,949 | As at 1st April 2021 | 463,176 | 1,437,001 | 1,568,728 | 1,794 | 3,470,699 | ||
Profit for the year | 210,228 | 210,228 | Profit for the year | 135,345 | 135,345 | ||||||||
Other comprehensive income: | Other comprehensive income: | ||||||||||||
Re-measurement gain/(loss) on | Re-measurement gain/(loss) on | ||||||||||||
defined benefit plan | defined benefit plan | - | - | ||||||||||
Dividend | - | - | Dividend | - | - | ||||||||
As at 31st December, 2021 | 463,176 | 1,437,001 | 2,541,206 | 1,794 | 4,443,176 | As at 31st December, 2021 | 463,176 | 1,437,001 | 1,704,073 | 1,794 | 3,606,044 | ||
Consolidated Statement of Changes in Equity | Consolidated Statement of Changes in Equity | ||||||||||||
For the year ended 31 March 2021 | Fair Value of | For the year ended 31 March 2021 | Fair Value of | ||||||||||
Equity | Equity | ||||||||||||
Instrument | Instrument | ||||||||||||
Issued | designated at | Issued | Retained | designated at | |||||||||
Capital | Share Premium | Retained Earnings | FVOCI | Total | Capital | Share Premium | Earnings | FVOCI | Total | ||||
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | ||||
As at 1st April 2020 | 463,176 | 1,437,001 | 2,476,242 | (140) | 4,376,279 | As at 1st April 2020 | 463,176 | 1,437,001 | 1,574,152 | (140) | 3,474,189 | ||
Profit for the year | 150,065 | 150,065 | Profit for the year | 289,905 | 289,905 | ||||||||
Other comprehensive income: | Other comprehensive income: | - | |||||||||||
Re-measurement gain/(loss) on | Re-measurement gain/(loss) on | ||||||||||||
defined benefit plan | 28,894 | 28,894 | defined benefit plan | 28,894 | 28,894 | ||||||||
Fair Value of Equity Instrument | Fair Value of Equity Instrument | ||||||||||||
designated at FVOCI | 1,934 | 1,934 | designated at FVOCI | - | 1,934 | 1,934 | |||||||
Dividend | (324,223) | (324,223) | Dividend | (324,223) | (324,223) | ||||||||
As at 31st March 2021 | 463,176 | 1,437,001 | 2,330,978 | 1,794 | 4,232,949 | As at 31st March 2021 | 463,176 | 1,437,001 | 1,568,728 | 1,794 | 3,470,699 |
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Red Star Express plc published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 13:42:09 UTC.