EUNISELL INTERLINKED : YEAR END - FINANCIAL STATEMENT FOR 2023

EUNISELL INTERLINKED PLC

UNAUDITED ACCOUNTS FOR THE PERIOD ENDED

3OTH JUNE 2023

EUNISELL INTERLINKED PLC

UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR YEAR ENDED 30TH JUNE 2023

(Figures in ₦'000)
	Unaudited		Audited
	Jun-23		Jun-22
	₦'000		₦'000
REVENUE	270,771	196,399
COST OF SALES	(151,745)		(117,790)
GROSS PROFIT	119,026	78,609
OPERATING EXPENSES	(73,406)	(74,270)
OTHER INCOME		22,763
PROFIT/(LOSS)FROM OPERATIONS	45,620	27,102
FINANCE COST	(24,638)		(17,820)
PROFIT BEFORE TAX	20,982	9,282
TAXATION		(4,195)
PROFIT/(LOSS) FOR THE PERIOD	20,982	5,087
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
20,982	5,087

-

EUNISELL INTERLINKED PLC

UNAUDITED STATEMENT OF FINANCIAL POSITION

AS AT 30TH JUNE 2023

(Figures in N'000)
	NOTES	Unaudited		Audited
		30 JUN 2023	30 JUN 2022
Assets:		₦'000		₦'000
Non-Current Assets:
Property, Plant and equipment	1	13,425	17,360
Current Assets:
Inventories		309,106	318,020
Trade Receivables/Prepayment	2	280,450	267,404
Cash and Cash Equivalents		1525		584
		591,081	586,008
Total Assets		604,506	603,369
Equity and Liabilities
Equity
Share capital		118,350	118,350
Retained earnings		(142,850)	(163,832)
Other Components of Equity	3	232,440		232,440
Total Equity		207,940	186,957
Non-Current Liabilities
Deferred Tax		1,780	2,851
Current Liabilities
Trade and other Payables	4	123,234	121,033
Current income tax liabilities		2,505	1,809
Short-term Borrowings		269,048		290,716
		394,787	413,558
Total Equity and Liabilities		604,507	603,367

Fabian C. Nnadozie	Chris Okoro	Temitope Olusoji
Chairman	MD/CEO	Chief Financial Officer (
FRC2017/NSE/00000017392	FRC/2019/002/0000074	FRC/2020/004/000000
Approved by the Board
10th July 2023

STATEMENT OF CHANGE IN EQUITY				-1
30TH JUNE 2023
	Share	Share	Other	Retained	Total
	Capital	Premium	Reserves	Earnings	Equity
	₦'000	₦'000	₦'000	₦'000	₦'000
Balance as at 1st July 2022	118,350	229,351	3,089	(163,832)	186,958
Profit for the period	-	-	-	20,982	20,982
Balance as at 30th June 2023	118,350	229,351	3,089	(142,850)	207,940

STATEMENT OF CASH FLOWS
30TH JUNE, 2023
		Unaudited		Audited
		30 JUN 2023		30 JUN 2022
	Notes	₦'000		₦'000
Cash from operating activities
Profit before income tax	20,982	9,282
Adjustments:
Interest income	-	-
Interest expense	7,626	17,820
Profit from asset disposal	-	-
Depreciation		4,174	4,048
Changes in working capital:
-	inventories	(14,500)	(16,332)
-	trade and other receivables	(20,453)	61,100
-	trade and other payables	34,183	(61,729)
Cash generated from operations	32,012	14,189
Interest income received	-	-
Interest expense paid	(7,626)	(17,820)
Income tax paid	(1,539)	(2,655)
VAT paid		-		-
Net cash from/ (used in) operating activities	22,847	(6,286)
Cash from investing activities
Purchase of property, plant and equipment	(238)	(5,692)
		-	-
Proceeds from disposal of property, plant and	-		-
Net cash from/ (used in) investing activities	(238)	(5,692)
Cash from financing activities
Net proceeds / (repayment) on long term borrowings	-	-
Net proceeds / (repayment) on short term	(21,668)	7,222
Restricted cash	-	-
Net cash from/ (used in) financing activities	(21,668)		7,222
Net change in cash and cash equivalents	941	(4,756)
Cash and cash equivalents at beginning of the year	584	5,340
Cash and cash equivalents at end of the year	1,526	584
Represented By:
Cash and cash equivalents	1,525	584