EUNISELL INTERLINKED : QUARTER 2 - FINANCIAL STATEMENT FOR 2023

EUNISELL INTERLINKED PLC

UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR 2ND QUARTER ENDED 31ST DECEMBER, 2022

(Figures in ₦'000)
	3 MONTHS		3 MONTHS		6 MONTHS	6 MONTHS
	OCT-DEC 2022		OCT-DEC 2021		JUL-DEC 2022	JUL-DEC 2021
	₦'000		₦'000		₦'000	₦'000
REVENUE	56,826	54,580	183,389	143,729
COST OF SALES	(30,340)		(35,310)		(124,705)	(72,409)
GROSS PROFIT	26,486	19,270	58,684	71,320
OPERATING EXPENSES	(17,258)	(16,887)	(34,023)	(33,939)
OTHER INCOME	-		-		-	-
PROFIT/(LOSS)FROM OPERATIONS	9,228	2,383	24,661	37,381
FINANCE COST	(5,781)		(9,650)		(9,155)	(23,460)
PROFIT BEFORE TAX	3,447	(7,267)	15,506	13,921
TAXATION	-		-		-	-
PROFIT/(LOSS) FOR THE PERIOD	3,447	(7,267)	15,506	13,921
OTHER COMPREHENSIVE INCOME
GAINS/LOSS ON PROPERTY REVALUATION	-	-	-
EXCHANGE DIFF. FROM TRANSLATION OF FOREIGN ENTITY'S F/S	-	-	-	-
GAINS/LOSS FROM VALUATION OF EQUITY INVESTMENT INSTRUMENT	-	-	-	-
MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME	-	-	-	-
Total Comprehensive Income for the Year	3,447	(7,267)	15,506	13,921

EUNISELL INTERLINKED PLC

UNAUDITED STATEMENT OF FINANCIAL POSITION

AS AT 31ST DECEMBER, 2022

(Figures in N'000)
	NOTES	Unaudited		Audited
		31 DEC 2022		30 JUN 2022
Assets:		₦'000		₦'000
Non-Current Assets:
Property, Plant and equipment	1	18,100	17,360
Current Assets:
Inventories		390,866	318,020
Trade Receivables/Prepayment	2	290,166	267,404
Cash and Cash Equivalents		6,992		584
		688,024	586,008
Total Assets		706,124	603,368
Equity and Liabilities
Equity
Share capital		118,350	118,350
Retained earnings		(141,888)	(163,832)
Other Components of Equity	3	232,440		232,440
Total Equity		208,902	186,958
Non-Current Liabilities
Deferred Tax		2,851	2,851
Current Liabilities
Trade and other payables	4	187,997	121,033
Current income tax liabilities		1,809	1,809
Short term borrowings		304,564		290,716
		494,370	413,558
Total Equity and Liabilities		706,124	603,368

Fabian C. Nnadozie	Chris Okoro	Temitope Olusoji
Chairman	MD/CEO	Senior Finance Officer
FRC2017/NSE/00000017392	FRC/2019/002/0000074	FRC/2020/004/00000022179

Approved by board on 25th January, 2023

STATEMENT OF CHANGE IN EQUITY

31ST DECEMBER, 2022

	Share	Share	Retained	Other	Total
	Capital	Premium	Earnings	Reserves	Equity
	₦'000	₦'000	₦'000	₦'000	₦'000
Balance as at 1st Oct 2022	118,350	229,351	(143,519)	3,089	207,271
Profit for the period	-	-	3,447	-	3,447
Balance as at 31st Dec 2022	118,350	229,351	(140,072)	3,089	210,718

STATEMENT OF CASH FLOWS
31ST DECEMBER, 2022
		Unaudited		Audited
		31 DEC 2022		30 JUN 2022
	Notes	₦'000		₦'000
Cash from operating activities
Profit before income tax	15,506	9,282
Adjustments:
Interest income	-	-
Interest expense	9,155	17,820
Profit from asset disposal	-	-
Depreciation		-	4,049
Changes in working capital:
-	inventories	(72,846)	(16,332)
-	trade and other receivables	(22,762)	61,100
-	trade and other payables	66,964	(61,729)
Cash generated from operations	(3,983)	14,190
Interest income received	-	-
Interest expense paid	(9,155)	(17,820)
Income tax paid	-	(2,655)
VAT paid		-	-
Net cash from/ (used in) operating activities	(13,138)	(6,285)
Cash from investing activities
Purchase of property, plant and equipment	5,698	(5,692)
		-	-
Proceeds from disposal of property, plant and	-		-
Net cash from/ (used in) investing activities	5,698	(5,692)
Cash from financing activities
Net proceeds / (repayment) on long term	-	-
Net proceeds / (repayment) on short term	13,848	7,222
Restricted cash	-		-
Net cash from/ (used in) financing activities	13,848		7,222
Net change in cash and cash equivalents	6,408	(4,756)
Cash and cash equivalents at beginning of the	584		5,340
Cash and cash equivalents at end of the year	6,992	584
Represented By:
Cash and cash equivalents	6,992	584

EUNISELL INTERLINKED PLC

NOTES TO THE ACCOUNTS

1	PROPERTY, PLANT & EQUIPMENT
			Leasehold	Motor	Plant &	Furniture &	Computer	Borehole	Total
			Improvement	Vehicle	Machinery	Equipment	Equipment
	Cost/Valuation:		₦'000	₦'000	₦'000	₦'000	₦'000	₦'000	₦'000
	Cost:
	At October 1, 2022	7,065	5,477	15,247	15,795	9,677	330	53,591
	Additions	-		-	-		-	-
	At Dec 31, 2022		7,065	5,477	15,247	15,795	9,677	330	53,591
	Depreciation:
	At October 1, 2022	4,538	1,902	9,268	13,862	6,782	321	36,673
	Charge for the period	-	-					-
	At Dec 31, 2022		4,538	1,902	9,268	13,862	6,782	321	36,673
	Net Book Value:
	At Dec 31, 2022		2,527	3,575	5,979	1,933	2,895	9	16,918
	At Sept 30, 2022	2,527	3,575	5,979	1,933	2,895	9	16,918
					Unadited		Audited
					31 DEC '22		30 JUNE '22
					₦'000		₦'000
2. Trade Receivables and Prepayments
	Trade Receivables			182,752		146,075
	Other Receivables			99,211		113,127
	Prepayments			8,203		8,203
					290,166		267,405
3. Other Components Of Equity
	Share Premium			229,351		229,351
	Revaluation Reserve			3,089		3,089
					232,440		232,440
4. Trade Creditors and Accruals
	Trade Payables			78,669		12,938
	Other Payables			52,767		51,533
	Accruals			56,561		56,561
					187,997		121,032
5. Revenue
	Power products			58,102		225,551
	Oil & Gas			125,197		-
	Household			-		-
					183,299		225,551
5. Operating Expenses
	Employees Benefits			16,594		22,433
	Professional fees			2,526		24,734
	Repairs & Maintenance			1,094		4,765
	Other expenses			13,809		5,847
					34,023		57,779