CADBURY NIGERIA : QUARTER 4 - FINANCIAL STATEMENT FOR 2021

Cadbury Nigeria Plc

Un-audited Interim Financial Information

for the Year Ended 31 December 2021

Cadbury Nigeria Plc

Un-audited Interim Financial Information

for the Year Ended 31 December 2021

Content	Page
Financial highlights	2
Statement of financial position	3
Statement of profit or loss and other comprehensive income	4
Statement of changes in equity	5
Statement of cashflows	6
Notes to the financial information	7

Cadbury Nigeria Plc

Un-audited Interim Financial Information

for the Year Ended 31 December 2021

Financial highlights

For the Year Ended 31 December 2021

In thousands of naira

	Un-audited		Audited
	YTD		YTD
	2021		2020		Change %
Revenue	42,372,034	35,407,323	20
Gross profit	6,506,969	5,899,045	(10)
Results from operating activities	578,906	281,824	105
Profit before tax	1,186,401	408,065	191
Profit for the year	830,481	931,101	(11)
Share capital	939,101	939,101	-
Total equity	14,041,927	13,549,523	4
Data per 50k share
Basic earnings per share	44.22	49.61	(11)
Net asset per share	748	721	4

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Cadbury Nigeria Plc

Un-audited Interim Financial Information

for the Year Ended 31 December 2021

Statement of financial position

In thousands of naira

		Un-audited		Audited
		31 December		31 December
Assets	Note	2021	2020
Non-current assets
Property, plant and equipment	9	13,018,307	12,759,383
Right-of use assets	18	21,330	15,122
Intangible assets	10	13,075	52,318
Total non-current assets		13,052,712		12,826,823
Current assets
Inventories	11	8,100,730	5,244,046
Trade and other receivables	12	4,041,112	3,855,773
Prepayments	13	657,378	168,335
Cash and cash equivalents	14	17,824,131	11,115,707
Total current assets		30,623,351		20,383,861
Total assets		43,676,063		33,210,684
Equity
Share capital		939,101	939,101
Share premium	15	272,344	272,344
Other reserves	3,436,348	3,436,348
Share based payment reserve		117,359	117,359
Retained earnings		9,276,775	8,784,371
Total Equity		14,041,927		13,549,523
Liabilities
Non-current liabilities
Borrowings	19	6,596,083	-
Deferred taxation		218,171	218,171
Employee benefits		615,394	4,961,429
Lease liabilities	18	4,890	6,867
Total non-current liabilities		7,434,538		5,186,467
Current liabilities
Borrowings	19	3,855,401	3,450,723
Trade and other payables	16	17,986,117	10,910,038
Current tax liabilities	8	358,080	112,938
Lease Liabilities	18	-	995
Current liabilities		22,199,598		14,474,694
Total liabilities		29,634,136		19,661,161
Total equity and liabilities		43,676,063		33,210,684

Approved by the Board of Directors on 25 January 2022 and signed on its behalf by:

Oyeyimika Adeboye (Managing Director)

FRC/2013/ICAN/00000001089

Ogaga Ologe (Finance Director)

FRC/2013/ICAN/00000001091

The accompanying notes on pages 7 to 24 form an integral part of these financial statements.

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Cadbury Nigeria Plc

Un-audited Interim Financial Information

for the Year Ended 31 December 2021

Statement of profit or loss and other comprehensive income
For the Year Ended 31 December 2021
In thousands of naira
		Un-audited		Un-audited	Un-audited		Audited
		1 Oct-31 Dec		YTD 31 Dec	1 Oct-31 Dec		YTD 31 Dec
CONTINUING OPERATIONS	Note	2021	2021	2020	2020
Revenue	5	12,324,979	42,372,034	9,611,272	35,407,323
Cost of sales		(11,443,000)	(35,865,065)	(9,124,921)	(29,508,278)
Gross profit
	881,979		6,506,969	486,351	5,899,045
Other income	6	2,138	24,075	18,248	108,041
Selling and distribution expenses		(1,662,051)	(5,043,879)	(1,278,307)	(4,577,611)
Administrative expenses		(471,836)	(908,259)	(242,166)	(1,160,498)
Impairment of receivables		-	-	-	12,847
RESULTS FROM OPERATING ACTIVITIES		(1,249,770)		578,906	(1,015,874)	281,824
Net finance income	7	274,246	607,495	41,993	126,241
(LOSS) / PROFIT BEFORE INCOME TAX		(975,524)	1,186,401	(973,881)	408,065
Income tax credit/ (expense)	8	292,657	(355,920)	292,164	523,762
(LOSS)/ PROFIT FOR THE YEAR
	(682,867)		830,481	(681,717)	931,827
OTHER COMPREHENSIVE INCOME
	-		-	50,631	(63,748)
TOTAL COMPREHENSIVE (LOSS)/ INCOME
FOR THE YEAR		(682,867)		830,481	(631,086)	868,079
Basic (loss)/ earning per share (kobo)		(36)	44	(36)	50

The accompanying notes on pages 7 to 24 form an integral part of these financial statements.

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