ARBICO : QUARTER 4 - FINANCIAL STATEMENT FOR 2021

ARBICO PLC UNAUDITED FINANCIAL STATEMENT

FOR PERIOD ENDED 31 DECEMBER, 2021

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Table of Content

Results at a glance	3
Statement of comprehensive income	4
Statement of financial position	5
Statement of changes in equity	6
Statement of cash flows	7
Notes to the financial statements	8

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Result at a Glance:

	THE GROUP			THE COMPANY
	2021		2020		2021		2020
	DEC		DEC		DEC		DEC
	N '000		N '000		N '000		N '000
Revenue	5,248,065		5,558,355		4,881,280		5,294,489
Profit/Loss Before	34,503		(387,903)		122,888		327,937
Tax
Earnings per	1.59		(3.27)		0.58		1.50
share

BY ORDER OF THE BOARD

COMPANY SECRETARY

FRC/2013/NBA/00000000001615

25 January 2022

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ARBICO PLC

UNAUDITED CONSOLIDATED & SEPARATE STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 DECEMBER 2021

				THE GROUP				THE COMPANY
		NOTES
			12 MONTHS	3 MONTHS	12 MONTHS	3 MONTHS		12 MONTHS	3 MONTHS	12 MONTHS	3 MONTHS
			JAN-DEC	OCT-DEC	JAN-DEC	OCT-DEC		JAN-DEC	OCT-DEC	JAN-DEC	OCT-DEC
			2021	2021	2020	2020		2021	2021	2020	2020
			N'000	N'000	N'000	N'000		N'000	N'000	N'000	N'000
	Revenue	3	5,248,065	1,542,781	5,558,355	1,642,006		4,881,280	1,253,593	5,294,489	1,468,714
	Cost of Sales		(4,362,652)	(778,001)	(4,566,642)	(925,620)		(4,065,070)	(925,969)	(3,741,446)	(683,073)
	Gross Profit		885,414	764,781	991,713	716,386		816,210	327,624	1,553,043	785,641
	Other Operating Income	4	87,910	282	92,648	14,292		89,285	1,657	92,648	14,292
	Operating Expenses		(938,820)	(307,602)	(1,472,264)	(682,319)		(782,607)	(272,745)	(1,317,754)	(646,797)
	Operating Profit before Tax		34,503	457,460	(387,903)	48,359		122,888	56,536	327,937	153,136
	Income Tax Expenses		(10,351)	19,704	(104,940)	-		(36,866)	(9,626)	(104,940)	-
	Profit For The Period		24,152	477,164	(492,843)	48,359		86,022	46,910	222,997	153,136
	Other comprehensive income	-	-	-	-		-	-	-	-
	Total Comprehensive (loss)/Incom	24,152	477,164	(492,843)	48,359		86,022	46,910	222,997	153,136
	attributable to:
	Equity holders of parent		235,387	476,100	(485,685)	49,407
	Non Controlling Interest		(884)	1,064	(7,158)	1,048
	EARNINGS PER SHARE
	Basic (k)		1.59	3.21	(3.27)	0.33		0.58	0.32	1.50	1.03
	Diluted (k)		1.59	3.21	(3.27)	0.33		0.58	0.32	1.50	1.03

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ARBICO PLC
UNAUDITED CONSOLIDATED AND SEPARATE STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021
	NOTE	THE GROUP	THE COMPANY
		DEC	DEC	DEC	DEC
		2021	2020	2021	2020
ASSETS		N'000	N'000	N'000	N'000
NON - CURRENT ASSETS
Property Plant and Equipment	5	1,473,334	1,124,044	1,350,124	979,193
Intangible Assets	7	5,288	1,664	5,649	1,664
Deferred Tax Asset		546,621	622,697	546,621	622,697
Investment in Subsidiary			-	27,104	27,104
TOTAL NON CURRENT ASSETS		2,025,243	1,748,405	1,929,498	1,630,658
CURRENT ASSESTS
Inventories		1,788,570	1,205,868	1,452,931	1,205,868
Trade and Other Receivables	8	5,714,995	5,681,177	5,924,412	6,219,059
Prepayments		106,540	30,787	102,309	25,468
Cash, Bank & Cash Equivalents		1,572,784	444,595	1,414,687	356,207
TOTAL CURRENT ASSETS		9,182,889	7,362,427	8,894,339	7,806,602
TOTAL ASSETS		11,208,132	9,110,832	10,823,837	9,437,260
LIABILITIES
NON - CURRENT LIABILITIES
Share Deposit		1,950,000	1,950,000	1,950,000	1,950,000
TOTAL NON CURRENT LIABILITY		1,950,000	1,950,000	1,950,000	1,950,000
CURRENT LIABILITIES
Trade and other payables	9	2,494,328	5,173,057	2,106,199	5,173,057
Advance from clients		6,397,543	3,055,554	5,589,039	2,510,156
Income tax payable		107,265	320,427	107,265	320,426
TOATL CURRENT LIABILITY		8,999,136	8,549,038	7,802,503	8,003,639
TOTAL LIABILITY		10,949,136	10,499,038	9,752,503	9,953,639
EQUITY
Share Capital		74,250	74,250	74,250	74,250
Share Premium		141,184	141,184	141,184	141,184
Retained Earnings		(1,140,640)	(2,457,126)	(337,633)	(1,593,747)
Reserve Surplus		1,193,534	861,934	1,193,534	861,934
Non Controlling Interest		(9,331)	(8,447)	-
				-
TOTAL EQUITY		258,996	(1,388,205)	1,071,335	(516,379)
TOTAL EQUITY AND LIABILITY		11,208,132	9,110,833	10,823,838	9,437,260

Approved by the Board on:

25th January, 2022

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