Champion Breweries Plc
RC: 13388
Unaudited Condensed Interim Financial Statements
30th June, 2023
Champion Breweries Plc
Condensed Interim Financial Statements for the six months period ended - 30th June 2023
Contents | Page |
Condensed interim income statement for the three months period ended 30th June | 2 |
Condensed interim statement of other comprehensive income for the | |
Month period ended 30th June | 3 |
Condensed interim statement of financial position | 4 |
Condensed interim statement of changes in equity | 5 |
Condensed interim statement of cash flows | 6-7 |
Notes to the condensed interim financial statements | 8-10 |
1
Champion Breweries Plc
Condensed Interim Financial Statements for the six months period ended - 30th June 2023
CONDENSED INTERIM INCOME STATEMENT | ||||
For the six month period ended 30th June | Quarter to date | Quarter to date | Year to date | Year to date |
30th June | 30th June | 30th June | 30th June | |
Restated | Re-stated | |||
2023 | 2022 | 2023 | 2022 | |
N'000 | N'000 | N'000 | N'000 | |
Revenue | 3,120,923 | 3,349,031 | 5,705,948 | 6,575,684 |
Cost of Sales | (2,323,209) | (2,184,417) | (4,432,921) | (4,208,914) |
Gross Profit | 797,714 | 1,164,614 | 1,273,027 | 2,366,770 |
Other Income | 19,741 | 71,921 | 43,665 | 103,950 |
Selling and Distribution Expenses | (412,552) | (294,363) | (701,658) | (556,181) |
Administrative Expenses | (209,377) | (204,132) | (539,117) | (402,632) |
Results from operating activities | 195,525 | 738,040 | 75,918 | 1,511,907 |
Finance income | 3,366 | 26,211 | 10,253 | 53,019 |
Finance costs | (15,835) | (21,496) | (40,353) | (35,811) |
Net Finance costs | (12,469) | 4,715 | (30,100) | 17,208 |
Profit before tax | 183,057 | 742,755 | 45,818 | 1,529,115 |
Income tax expenses | (57,407) | (221,220) | (16,744) | (453,380) |
Profit after tax | 125,649 | 521,535 | 29,073 | 1,075,735 |
Profit for the year attributable to: | ||||
Owners of the Company | 125,649 | 521,535 | 29,073 | 1,075,735 |
Non-controlling interest | - | - | - | - |
Profit for the period | 125,649 | 521,535 | 29,073 | 1,075,735 |
Basic and diluted earnings per share (kobo) | 1.60 | 6.66 | 0.37 | 13.74 |
2
Champion Breweries Plc
Condensed Interim Financial Statements for the six months period ended - 30th June 2023
3
Champion Breweries Plc
Condensed Interim Financial Statements for the six months period ended - 30th June 2023
CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION | |
As at: | Restated |
30th June | 31st Dec |
2023 | 2022 |
N'000 | N'000 |
ASSETS |
Property, plant and equipment Right of use asset Deferred tax assets
Non -current assets
Inventories
Trade and other receivables
Contract asset Prepayments
Cash and cash equivalents
Current assets
Total assets
EQUITY
Share capital Share premium Other Reserves Accumulated losses/gains
Total Equity
LIABILITIES
Employee benefits
Lease Liability
Deferred tax laibility
Non -current liabilities
Income tax liabilities
Lease Liability
Trade and other payables Contract liability Provision
Current liabilities
Total liabilities
12,631,947 | 10,298,837 |
692,740 | 482,335 |
55,590 | - |
13,380,277 | 10,781,172 |
1,509,654 | 1,401,426 |
277,511 | 73,196 |
1,184,313 | 947,029 |
129,898 | 61,957 |
1,350,649 | 2,188,805 |
4,452,024 | 4,672,413 |
17,832,302 | 15,453,585 |
3,914,748 | 3,914,748 |
519,100 | 519,100 |
3,701,612 | 3,701,612 |
3,012,997 | 2,983,924 |
11,148,458 | 11,119,384 |
465,133 | 479,047 |
752,099 | 445,076 |
509,231 | 483,117 |
1,726,463 | 1,407,240 |
79,956 | 178,699 |
0 | 79,023 |
4,231,907 | 1,951,516 |
140,047 | 227,676 |
505,471 | 490,047 |
4,957,381 | 2,926,961 |
6,683,845 | 4,334,201 |
Total | equity and liabilities | 17,832,302 | 15,453,585 | |
Approved by the Board of Directors in 27th July, 2023 and signed on its behalf by: | ||||
__ | Dr Elijah Akpan (Chairman) FRC/2017/IODN/00000016127 | |||
__ | Georgios Polymenakos (Managing Director) FRC/2021/003/00000023702 |
Additionally certified by:
Rasheed Adebiyi (Chief Finance Officer) FRC/2023/PRO/ICAN/001/423509
The notes on pages 8 to 10 are an integral part of these financial statements.
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Champion Breweries plc published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 18:38:08 UTC.