TRIPPLE GEE & COMPANY PLC UNAUDITED
FINANCIAL STATEMENT
THE THIRD QUARTER ENDED, DECEMBER 2021
UNAUDITED RESULT FOR THE THIRD QUARTER ENDED 31ST DECEMBER 2021
The Directors of Tripple Gee & Company PLC are pleased to announce the unaudited results of the company's operation for the third quarter ended, 31st December, 2021
STATEMENT OF FINANCIAL POSITION
ASSETS
NON-CURRENT ASSETS
PROPERTY PLANT & EQUIPMENT ... Note 1
OTHER INTANGIBLE ASSETS
INVESTMENTS IN ASSOCIATES
TOTAL NON CURRENT ASSETS
CURRENT ASSETS
INVENTORIES … 2
TRADE RECEIVABLES … 3
OTHER CURRENT ASSETS … 4
CASH AND CASH EQUIVALENTS … 5
TOTAL CURRENT ASSETS
TOTAL ASSETS
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY
SHARE CAPITAL
RETAINED EARNINGS
OTHER COMPONENTS OF EQUITY
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY
NON CONTROLLING INTEREST
TOTAL EQUITY
LIABILITY
NON CURRENT LIABILITIES
LONG TERM BORROWINGS
LONG TERM PROVISION
TOTAL NON CURRENT LIABILITIES
CURRENT LIABILITIES
TRADE & OTHER PAYABLES … 6
SHORT TERM BORROWINGS
CURRENT TAX PAYABLES
SHORT TERM PROVISIONS
TOTAL CURRENT LIABILITIES
TOTAL LIABILITIES
TOTAL EQUITY & LIABILITIES
The Financial Statements was approved by the Board of Directors on January 20th, 2022 and signed on its behalf by:
FOR THE | FOR THE | AUDITED RESULT | ||
PERIOD 31st | PERIOD 31ST | |||
YEAR ENDED | ||||
DEC, 2021 | DEC, 2020 | |||
31ST MAR, 2021 | ||||
N'000 | N'000 | N'000 | ||
1,147,150.00 | 1,022,533.00 | 1,047,235.00 | ||
95,594.00 | 92,496.00 | 101,923.00 | ||
165,840.00 | 165,840.00 | 165,840.00 | ||
1,408,584.00 | 1,280,869.00 | 1,314,998.00 | ||
752,440.00 | 366,385.00 | 353,294.00 | ||
244,869.00 | 56,646.00 | 195,312.00 | ||
1,533,454.00 | 934,929.00 | 855,093.00 | ||
13,943.00 | 6,323.00 | 7,832.00 | ||
2,544,706.00 | 1,364,283.00 | 1,411,531.00 | ||
3,953,290.00 | 2,645,152.00 | 2,726,529.00 | ||
247,477.00 | 247,477.00 | 247,477.00 | ||
173,976.00 | 147,160.00 | 156,726.00 | ||
319,121.00 | 319,121.00 | 319,121.00 | ||
740,574.00 | 713,758.00 | 723,324.00 | ||
419,578.00 | 419,578.00 | 419,578.00 | ||
1,160,152.00 | 1,133,336.00 | 1,142,902.00 | ||
1,282,369.00 | 679,466.00 | 561,273.00 | ||
241,035.00 | 128,842.00 | 241,035.00 | ||
1,523,404.00 | 808,308.00 | 802,308.00 | ||
590,701.00 | 637,815.00 | 577,263.00 | ||
658,069.00 | 16,574.00 | 115,075.00 | ||
13,102.00 | 44,932.00 | 66,656.00 | ||
7,862.00 | 4,187.00 | 22,325.00 | ||
1,269,734.00 | 703,508.00 | 781,319.00 | ||
2,793,138.00 | 1,511,816.00 | 1,583,627.00 | ||
3,953,290.00 | 2,645,152.00 | 2,726,529.00 | ||
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 PERIOD ENDED
THREE MONTHS | THREE MONTHS | 2021 | 2020 | AUDITED RESULT | |||||
N'000 | N'000 | N'000 | N'000 | N'000 | % | ||||
OCT - DEC 2021 | OCT - DEC 2020 | 31ST DEC, 2021 | 31ST DEC, 2020 | YEAR ENDED | CHANGE | ||||
31ST MAR 2021 | |||||||||
TURNOVER … 7 | 392,260.00 | 588,236.00 | 1,020,594.00 | 1,544,606.00 | 2,005,970.00 | -34% | |||
COST OF SALES … 8 | (240,230.00) | (355,234.00) | (624,125.00) | (1,088,317.00) | (1,586,032.00) | -43% | |||
GROSS PROFIT | 152,030.00 | 233,002.00 | 396,469.00 | 456,289.00 | 419,938.00 | -13% | |||
OTHER OPERATING INCOME | - | - | - | ||||||
DISTRIBUTION & ADMINSTRATIVE EXPENSES … 9 | (97,448.00) | (119,595.00) | (322,365.00) | (324,513.00) | (244,091.00) | -1% | |||
OPERATING PROFIT | 54,582.00 | 113,407.00 | 74,104.00 | 131,776.00 | 175,847.00 | ||||
OTHER GAIN/LOSS | - | - | - | - | (101.00) | ||||
EXCHANGE RATE DIFFERENCE | - | - | - | - | (783.00) | ||||
OTHER INCOME | 1,142.00 | - | 1,142.00 | - | 607.00 | ||||
FINANCE COSTS | (16,805.00) | (4,822.00) | (23,350.00) | (22,756.00) | (46,926.00) | ||||
PROFIT/(LOSS) BEFORE TAXATION | 38,919.00 | 108,585.00 | 51,896.00 | 109,020.00 | 128,644.00 | -52% | |||
TAXATION | 11,675.70 | 32,575.00 | 15,568.80 | 32,704.00 | 42,766.00 | -52% | |||
PROFIT/ (LOSS) AFTER TAXATION | 27,243.30 | 76,010.00 | 36,327.20 | 76,316.00 | 85,878.00 | -52% | |||
EARNINGS PER SHARE [KOBO] | 5.50 | 15.36 | 7.34 | 15.42 | 17.35 | -52% |
Page 2
STATEMENT OF CASH FLOW
2021 | 2020 | 2021 | |||
N'000 | N'000 | N'000 | |||
AUDITED RESULT | |||||
31ST DEC, 2021 | 31ST DEC, 2020 | FOR YEAR | |||
ENDED 31ST | |||||
MAR 2021 | |||||
NET PROFIT BEFORE TAXATION | 51,896.00 | 109,020.00 | 128,644.00 | ||
ADJUSTMENTS FOR DEPRECIATION & INTEREST EXPENSE | 53,941.49 | 73,132.00 | 102,818.00 | ||
OPERATING CASH FLOW BEFORE WORKING CAPITAL CHANGES | 105,837.49 | 182,152.00 | 231,462.00 | ||
CASH GENERATED FROM OPERATING ACTIVITIES | (497,323.08) | (251,834.00) | (44,630.00) | ||
TAX PAID | (69,124.00) | (29,146.00) | (22,144.00) | ||
GRATUITY PAID | (20,306.25) | (29,670.00) | (31,981.00) | ||
NET CASH GENERATED FROM OPERATING ACTIVITIES | (586,753.33) | (128,498.00) | (98,755.00) | ||
CASH FLOW FROM FINANCING ACTIVITIES | 686,449.59 | 512,500.00 | 416,662.00 | ||
CASH FLOW FROM INVESTING ACTIVITIES | (93,585.00) | (390,832.00) | (323,228.00) | ||
NET (DECREASE)/INCREASE IN NET CASH & CASH EQUIVALENTS | 6,111.26 | (6,830.00) | (5,321.00) | ||
CASH/BANK BALANCE AT THE BEGINNING OF THE PERIOD | 7,832.00 | 13,153.00 | 13,153.00 | ||
CASH/BANK BALANCE AT THE END OF THE PERIOD | 13,943.26 | 6,323.00 | 7,832.00 |
Page 3
STATEMENT OF CHANGES IN EQUITY FOR THE THIRD QUARTER ENDED 31ST DEC, 2021
Equity Shares | Revaluation | Capital | Retained | Total | |||
Reserve | Reserve | Earnings | |||||
N'000 | N'000 | N'000 | N'000 | N'000 | |||
Balance - 1st April 2020 | 247,477 | 197,886 | 121,235 | 100,516 | 667,114 | ||
Comprehensive Income for the period | |||||||
Pro t for the period ended 31st December 2020 | - | - | - | 76,314 | 76,314 | ||
Dividend Paid | (29,670) | (29,670) | |||||
Balance - 31st December 2020 | 247,477 | 197,886 | 121,235 | 147,160 | 713,758 | ||
Comprehensive income for the period | |||||||
Pro t to year end 31st March 2021 | |||||||
- | - | - | 9,567 | 9,567 | |||
Dividend Paid | - | - | - | - | - | ||
Prior Year Adjustment | - | - | - | - | - | ||
Balance - 31st December 2021 | 247,477 | 197,886 | 121,235 | 156,727 | 723,325 | ||
Comprehensive income for the period | |||||||
Pro t for the period ended 31 December 2021 | - | - | - | 51,896 | 51,896 | ||
Dividend Paid | - | - | - | (34,647) | (34,647) | ||
Balance -31st December 2021 | 247,477 | 197,886 | 121,235 | 173,976 | 740,574 |
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Tripple Gee & Company plc published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 15:52:02 UTC.
