UNION DICON SALT PLC
UN-AUDITED FINANCIAL STATEMENTS 31ST MARCH 2022
UNION DICON SALT PLC
Revenue | |
Cost of sales | |
Gross profit | |
Other operating income | 9 |
Administrative expenses | 10 |
Profit before tax | |
Current tax expense | 13(i) |
Profit for the year | |
Other comprehensive income | |
Total comprehensive Profit/(Loss) |
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31ST MARCH, 2022
NOTES | |
7 | - |
8 | - |
- | |
17,460 | |
(14,550) | |
2,910 | |
- | |
2,910 | |
- | |
2,910 |
N'000
4 | ||
1ST QTR | ||
2022 | 2021 | 2021 |
- | - | - |
- | - | - |
- | - | - |
15,000 | 17,460 | 15,000 |
(8,760) | (14,550) | (8,760) |
6,240 | 2,910 | 6,240 |
- | - | - |
6,240 | 2,910 | 6,240 |
- | - | |
6,240 | 2,910 | 6,240 |
YEAR TO DATE 2022
N'000
N'000
N'000
The accompanying notes on pages 6 to 24 and other national dislocures on pages 25 and 26 form an integral part of these financial statements.
UNION DICON SALT PLC
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH, 2022
Assets
Non-current
Property, plant and equipment Investment in subsidiary Current Assets
Trade and other receivables Cash and cash equivalentsCurrent liabilities
Trade and other payables Current tax liabilities
Net current liabilities
Total assets less current liabilities
Non-current liabilities
Employee benefit liabilities Deferred tax liabilities
2022
Notes
2021
DECEMBER 2021
N'000
N'000
14 15
43,923
53,981 97,904
16 21
5,710 5,269 10,979
17 (1,317,158)N'000
N'000
N'000
44,036 43,388
53,981
98,017 53,981
510 510
12,835 14,355
13,345 14,865
(1,339,638)
13(iii)
(1,322,120)
(61,587) (1,378,745)
(62,263)
(1,401,901)
(1,367,766) (1,388,556)
(1,269,862) (1,290,539)
13(v)
(62,387) (1,384,507)
18
(61,856) (39,591)
(158,010) (62,356)
(39,591) (39,591)
(101,447)Net liabilities
(197,601)
(1,371,309)
(1,488,140)
Equity Share capital Share premium
Actuarial Valuation Reserve Revenue reserve
19(a) 19(b)
136,673 136,673
250,638 250,638
65,692
20
(1,824,313) (1,859,534)
Total equity
(1,371,309) (1,488,140)
The financial statements were approved by the Board of Directors on, 7th April, 2022 and signed on its behalf by:
(15,917)
(i) LT. General T.Y Danjuma (RTD), GCON
(ii) Florence S. Iroye
(iii) Adebunmi AmosChairmanAg. Managing DirectorFRC/2013/IODN/00000003130
FRC/2021/002/0000002
Financial Controller FRC/2014/ICAN/00000006105
The accompanying notes on pages 6 to 24 and other national dislocures on pages 25 and 26 form an integral part of these financial statements.
UNION DICON SALT PLC STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 31 MARCH 2021
6
Balance at 1 January 2022
Share Capital N'000
Share Premium N'000
Reserve for Actuarial Valuation N'000
Restated Earnings N'000
Total Equity N'000
136,673
250,638
65,692
(1,827,223)
(1,374,220)Comprehensive income for the year: Profit for the year
Other comprehensive income
Total comprehensive Profit /(Loss) for the year
Transactions with owners recorded directly in equity
Balance at 31 March 2022
- - - -- - - -- - -
2,910 - 2,910
2,910 - 2,910
-
-
136,673
250,638
65,692
(1,824,313) (1,371,310)
Balance at 1 January 2021
136,673
250,638
(15,917)
(1,865,774) (1,494,380)
Comprehensive income for the year Profit/(Loss) for the year
Other comprehensive income
Total comprehensive Profit for the year
Transactions with owners, recorded directly in equity:
Balance at 31 December 2021
- - - -- - - -
- 81,609 81,609
38,551 38,551
- 81,609
38,551 120,160
-
-
136,673
250,638
65,692
(1,827,223)
The accompanying notes on pages 8 to 23 and other National disclosures on pages 24 and 25 form an integral part of these finacial statements.
-
(1,374,220)
UNION DICON SALT PLC | 7 | ||
STATEMENT OF CASHFLOWS | |||
FOR THE YEAR ENDED 31 MARCH 2022 | |||
2022 | 2021 | ||
Notes | N'000 | N'000 | |
Cash flows from operating activities | |||
Profit YTD | 2,910 | - | |
Adjustments for non cash items: | |||
Depreciation of property, plant and equipment | 14 | - | - |
Actuarial gains | 18(e) | - | - |
Income tax expense | 13(i) | - | - |
2,910 | - | ||
Changes in working capital | |||
(Increase)/decrease in other receivables | 16 | (5,200) | - |
(Decrease)/increase in employee benefit liabilities | 18(d) | (500) | - |
Decrease in trade and other payables | 17 | (4,962) | - |
Tax paid | 13 | (800) | - |
Cash generated from operations | (8,552) | - | |
Cash flows from investing activities | |||
Purchase of property, plant and equipment | 14 | (535) | - |
Net cash outflow from investing activities | (535) | - | |
Net increase in cash and cash equivalents | (9,087) | - | |
Cash and cash equivalents at the beginning of the year | 14,355 | - | |
Cash and cash equivalents at the end of the year | 22 | 5,268.59 | - |
The accompanying notes on pages 8 to 23 and other national dislocures on pages 24 and 25 form an integral part of these financial statements.
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Union Dicon Salt plc published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 15:35:02 UTC.