TRIPPLE GEE & COMPANY PLC UNAUDITED
FINANCIAL STATEMENT
FOR THE FIRST
QUARTER ENDED
30TH JUNE, 2022
UNAUDITED RESULT FOR THE FIRST QUARTER ENDED 30TH JUNE 2022
The Directors of Tripple Gee & Company PLC are pleased to announce the unaudited results of the company's operation for the first quarter ended 30th June, 2022.
STATEMENT OF FINANCIAL POSITION
RESULT FOR THE RESULT FOR THE PERIOD ENDED PERIOD ENDED 30TH JUNE, 2022 30TH JUNE, 2021
AUDITED RESULT FOR THE YEAR ENDED 31ST MARCH, 2022
ASSETS
NON-CURRENT ASSETS
PROPERTY PLANT & EQUIPMENTS ... Note 1
OTHER INTANGIBLE ASSETS
INVESTMENTS IN ASSOCIATES TOTAL NON CURRENT ASSETS CURRENT ASSETS INVENTORIES … 2
TRADE RECEIVABLE … 3 OTHER CURRENT ASSETS … 4 CASH AND CASH EQUIVALENTS … 5 TOTAL CURRENT ASSETS
N'000 N'000 N'000
2,601,427.00 1,101,043.00 2,434,476.00
95,594.00 103,163.00 95,594.00
165,840.00 165,840.00 165,840.00
2,862,861.00 1,370,046.00 2,695,910.00
765,723.00 373,362.00 811,343.00
413,711.00 115,552.00 357,622.00
772,678.00 900,510.00 472,118.00
13,109.00 4,273.00 9,120.00
1,965,221.00 1,393,697.00 1,650,203.00
TOTAL ASSETS | 4,828,082.00 | 2,763,743.00 | 4,346,113.00 |
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY | |||
SHARE CAPITAL | 247,477.00 | 247,477.00 | 247,477.00 |
RETAINED EARNINGS | 191,740.00 | 99,394.00 | 188,322.00 |
OTHER COMPONENTS OF EQUITY | 319,121.00 | 319,121.00 | 319,121.00 |
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY | 758,338.00 | 665,992.00 | 754,920.00 |
NON CONTROLLING INTEREST | 419,578.00 | 419,578.00 | 419,578.00 |
TOTAL EQUITY | 1,177,916.00 | 1,085,570.00 | 1,174,498.00 |
LIABILITY | |||
NON CURRENT LIABILITIES | |||
LONG TERM BORROWINGS | 2,088,131.00 | 574,475.00 | 1,255,786.00 |
LONG TERM PROVISION | 241,035.00 | 241,035.00 | 241,035.00 |
TOTAL NON CURRENT LIABILITIES | 2,329,166.00 | 815,510.00 | 1,496,821.00 |
CURRENT LIABILITIES | |||
TRADE & OTHER PAYABLE … 6 | 517,485.00 | 594,724.00 | 992,057.00 |
SHORT TERM BORROWINGS | 716,778.00 | 177,420.00 | 613,033.00 |
CURRENT TAX PAYABLE | 65,053.00 | 69,719.00 | 53,344.00 |
SHORT TERM PROVISIONS | 21,684.00 | 20,800.00 | 16,360.00 |
TOTAL LIABILITIES | 1,321,000.00 | 862,663.00 | 1,674,794.00 |
TOTAL LIABILITIES | 3,650,166.00 | 1,678,173.00 | 3,171,615.00 |
TOTAL EQUITY & LIABILITIES | 4,828,082.00 | 2,763,743.00 | 4,346,113.00 |
The Financial Statements was approved by the Board of Directors on July 16th, 2022 and signed on its behalf by:
MR. NUREIN GBOLA FARAYOLA | MRS. ADEBIMPE GIWA | MR. SAMUEL IDOWU AYININUOLA |
AG. CHIEF FINANCE OFFICER | GROUP MANAGING DIRECTOR | CHAIRMAN |
FRC/2020/00000020703 | FRC/2020/002/00000022342 | FRC/2016/ICAN/00000015248 |
Page 1
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR FIRST QUARTER 2022 FINANCIAL YEAR
RESULT FOR THE | RESULT FOR THE | AUDITED RESULT | |||
PERIOD ENDED | PERIOD ENDED | FOR THE YEAR | |||
ENDED 31ST | |||||
30TH JUNE, 2022 | 30TH JUNE, 2021 | ||||
MARCH, 2022 | % | ||||
N'000 | N'000 | N'000 | |||
TURNOVER … 7 | 467,365.00 | 256,869.00 | 1,506,378.00 | 82% | |
COST OF SALES … 8 | (325,043.00) | (192,558.00) | (1,055,905.00) | 69% | |
GROSS PROFIT | 142,322.00 | 64,311.00 | 450,473.00 | 121% | |
OTHER OPERATING INCOME | - | - | - | ||
DISTRIBUTION & ADMINSTRATIVE EXPENSES … 9 | (117,106.00) | (118,013.00) | (316,586.00) | 1% | |
OPERATING PROFIT | |||||
25,216.00 | (53,702.00) | 133,887.00 | |||
INVESTMENT INCOME | - | - | - | ||
GAIN/(LOSS) ON INVESTMENT | - | - | 8,678.00 | ||
OTHER INCOME | - | - | 300.00 | ||
EXCHANGE RATE DIFFERENCE | - | - | (81.00) | ||
FINANCE COSTS | (21,800.00) | (3,630.00) | (44,644.00) | ||
PROFIT/(LOSS) BEFORE TAXATION | 3,416.00 | (57,332.00) | 98,140.00 | 106% | |
TAXATION | 1,024.00 | 5,137.00 | 31,896.00 | 80% | |
PROFIT/(LOSS) AFTER TAXATION | 2,392.00 | (62,469.00) | 66,244.00 | 104% | |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR NET OF TAX | 2,392.00 | (62,469.00) | 66,244.00 | 104% | |
EARNINGS PER SHARE [KOBO] | 0.48 | (12.62) | 13.38 | 104% | |
Page 2
STATEMENT OF CASH FLOW FOR FIRST QUARTER 2022 FINANCIAL YEAR
RESULT FOR THE | RESULT FOR THE | AUDITED RESULT | ||
PERIOD ENDED | PERIOD ENDED | FOR THE YEAR | ||
ENDED 31ST | ||||
30TH JUNE, 2022 | 30TH JUNE, 2021 | |||
MARCH, 2022 | ||||
N'000 | N'000 | N'000 | ||
NET PROFIT BEFORE TAXATION | 3,416.00 | (57,332.00) | 98,140.00 | |
NET CASH GENERATED FROM OPERATING ACTIVITIES | (40,155.00) | 38,286.00 | 501,200.00 | |
CASH FLOW FROM FINANCING ACTIVITIES | (8,985.00) | 13,202.00 | 979,205.00 | |
CASH FLOW FROM INVESTING ACTIVITIES | (2,949.00) | (55,047.00) | (1,479,116.00) | |
NET (DECREASE)/INCREASE IN NET CASH & CASH EQUIVALENTS | (52,089.00) | (3,559.00) | 1,289.00 | |
CASH/BANK BALANCE AT THE BEGINNING OF THE PERIOD | 65,198.00 | 7,832.00 | 7,832.00 | |
CASH/BANK BALANCE AT THE END OF THE PERIOD | 13,109.00 | 4,273.00 | 9,121.00 | |
Page 3
STATEMENT OF CHANGES IN EQUITY FOR FIRST QUARTER 2022 FINANCIAL YEAR
EQUITY SHARES | REVALUATION | CAPITAL | RETAINED | TOTAL EQUITY | |
RESERVE | RESERVE | EARNINGS | |||
N'000 | N'000 | N'000 | N'000 | N'000 | |
Balance - April 1st, 2021 | 247,477 | 197,886 | 121,235 | 156,726 | 723,324 |
Comprehensive Income for the Year | |||||
Profit for year ended June 30th, 2021 | - | - | - | (57,332) | (57,332.00) |
Dividend Paid | - | - | - | - | - |
Prior Year Adjustments | - | - | - | - | - |
Balance - June 30th, 2021 | 247,477 | 197,886 | 121,235 | 99,394 | 665,992 |
Comprehensive Income for the Year | |||||
Profit for year ended March 31st, 2022 | - | - | - | 123,576 | 123,576.00 |
Dividend Paid | - | - | - | (34,647) | (34,647.00) |
Balance - April 1st, 2022 | 247,477 | 197,886 | 121,235 | 188,323 | 754,921 |
Comprehensive income for the Year. | |||||
Profit for the year ended June 30th, 2022 | - | - | - | 3,417 | 3,417.00 |
Dividend Paid | - | - | - | - | - |
Balance -April 1st, 2022 | 247,477 | 197,886 | 121,235 | 191,740 | 758,338 |
Page 4
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Tripple Gee & Company plc published this content on 19 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2022 14:33:06 UTC.
