RONCHESS GLOBAL RESOURCES : QUARTER 1 - FINANCIAL STATEMENT FOR 2023

RONCHESS GLOBAL RESOURCES PLC

UNAUDITED FINANCIAL

STATEMENTS 31 MARCH 2023

RONCHESS GLOBAL RESOURCES PLC

UnauditedFinancial Statements For the

Quarter ended 31 March 2023

Table of contents
Company information	1
Directors' report	2
Directors' responsibilities in respect of the financial statements	3
Report of the independent auditor	4
Statement of financial position	6
Statement of profit or loss and other comprehensive income	7
Statement of changes in equity	8
Statement of cash flows	9
Notes to the financial statements	10
Statement of Value Added	29
Five Quarter Financial Summary	30

		RONCHESS GLOBAL RESOURCES PLC
		UnauditedFinancial Statements For the
		Quarter ended 31 March 2023
COMPANY INFORMATION
Board of Directors	Nationality	Designation
Adeolu Adeboye	Nigerian	Chairman
Niyi Ogunnowo	Nigerian	Vice Chairman
Ukuevo Jackson	Nigerian	Managing Director
Okafor Akalaka	Nigerian	Independent Non-Executive Director
Temitope Adeboye	Nigerian	Independent Non-Executive Director
Tope Adebosin	Nigerian	Non-Executive Director
Lanre Ladipo	American	Non-Executive Director
Leon Kelly	American	Independent Non-Executive Director
Nasir Muhammad	Nigerian	Non-Executive Director
Josephine Ukuevo	Nigerian	Non-Executive Director
Business Address	179A Moshood Olugbani Street,
	Off Ligali Ayorinde St,
	Victoria Island, Lagos
RC NUMBER:	771515
Company Secretary	Chris Oruete
Auditors	Shelze Professional Services
	7, Edward Hotonu Street,
	Lekki Phase 1, Lekki,
	Lagos
Bankers	Access Bank Plc
	Guaranty Trust Bank Plc

Zenith International Bank Plc

Polaris Bank Limited

United Bank for Africa Plc

Access Bank Plc

Ecobank Limited

Providus Bank Plc

Keystone Bank Limited

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RONCHESS GLOBAL RESOURCES PLC

UnauditedFinancial Statements For the

Quarter ended 31 March 2023

DIRECTORS' REPORT

The Directors submit herewith their report together with the Unauditedfinancial statements of RONCHESS GLOBAL RESOURCES PLC (the "Company") for the Quarter ended 31 March, 2023.

LEGAL FORM

RONCHESS GLOBAL RESOURCES PLC was incorporated on the 5th of September, 2008. In 2022, the Company converted to a public limited liability company and its shares became listed on the Nigerian Stock Exchange.

PRINCIPAL ACTIVITIES

The company is engaged in the business of Road Marking and Construction.

OPERATING RESULTS

The following is a summary of the Company's operating results:

	2023	2022
	₦'000	₦'000
Revenue	1,950,000	1,946,145
Profit/(Loss) before tax	603,203	711,699
Taxation
Profit/(Loss) after tax	603,203	711,699

DIRECTORS AND THEIR INTERESTS

The names of the present Directors are detailed on page 1. None of the Directors has notified the Company for the purpose of section 303 of the Companies and Allied Matters Act 2020 of any interest in contracts with which the Company was involved during the period under review.

SHAREHOLDERS AND SHAREHOLDING

Shareholding Structure/Free Float Status

		31-Mar23	31-Mar-22
			Percentag		Percentag
Description		Unit	e	Unit	e
		91,000,00		91,000,00
Issued Share Capital		0	100%	0	100%
Substantial Shareholdings (5% and above)
		63,791,00		63,791,00
Jackson Ukuevo		0	70.10%	0	70.10%
		14,378,00		14,378,00
Josephine Ukuevo		0	15.80%	0	15.80%
		12,831,00		12,831,00
Others		0	14.10%	0	14.10%
		91,000,00		91,000,00
Total Substantial Shareholdings		0	100.00%	0	100.00%
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RONCHESS GLOBAL RESOURCES PLC

UnauditedFinancial Statements For the

	Quarter ended 31 March 2023
Directors' Shareholdings (direct and indirect), excluding
directors with substantial interests
	--		--		--		--
				0.00%				0.00%
	--		--		--		--
Total Directors' Shareholdings		0		0.00%		0		0.00%
Other Influential Shareholdings
				0.00%				0.00%
				0.00%				0.00%
				0.00%				0.00%
Free Float in Units and Percentage		0		0.00%		0		0.00%
Free Float in Value		₦ 0.00			₦ 0.00

Declaration:

1. Ronchess Global Plc with a free float percentage of 14.1% as at 31 March 2023, is compliant with the Exchange's free float requirements for companies listed on the Growth Board.
2. Ronchess Global Resources Plc with a free float value of N12,831,000. as at 31 March 2023, is compliant with the Exchange's free float requirements for companies listed on the Growth Board.

3