MCNICHOLS PLC McNICHOLS CONSOLIDATED PLC
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED (JANUARY 2023 - March 2023)
Revenue
Cost of Sales
Selling, Marketing & Admin. Expenses
Finance Charges
NOTE
1
5
9
31-Mar-23
₦
239,301,208
(205,622,875)
(24,703,978)
(2,677,497)
31-Mar-22
₦
217,571,832
(180,963,487)
(24,371,752)
(2,942,632)
Profit Before Taxation
Taxation
Profit From Continuing Operations
Other Comprehensive Income
Prior Year Deferred Tax Adjustment
Total Comprehensive Income
Profit Attributable to the Owners of the Company
Non-Controlling Interest
Total Comprehensive Income Attributable to the Owners of the Company:
6
6,296,857 | 9,293,961 |
(1,196,821) | (2,054,271) |
5,100,036 | 7,239,690 |
- | 3,813,584 |
- | - |
- | - |
5,100,036 | 11,053,274 |
- | - |
5,100,036 | 11,053,274 |
Non-Controlling Interest
-
-
Total Comprehensive Income for the Period
5,100,036
11,053,274
Earninngs Per Share (Kobo)
0.71
3.38
McNICHOLS CONSOLIDATED PLC
UNAUDITED STATEMENT OF FINANCIAL POSITION
AS AT MARCH 31,2023
ASSETS
Property, Plant and Equipment
Investment
TOTAL NON-CURRENT ASSETS
CURRENT ASSETS
Inventories
Trade and Other Receivables
Cash and Cash Equivalents
Restricted Cash
TOTAL CURRENT ASSETS
TOTAL ASSETS
EQUITY
Share Capital
Share Premium
Retained Earnings
Equity Attributable to Owners of the Company
Non-controlling Interests
TOTAL EQUITY
LIABILITIES
Long Term Borrowings
Provisions
Deferred Tax Liabilities
TOTAL NON-CURRENT LIABILITIES
Trade and Other Payables
Loans and Borrowings
Current Tax Liabilities
TOTAL CURRENT LIABILITIES
TOTAL LIABILITIES
TOTAL EQUITY AND LIABILITIES
NOTES
8
7
2
11
3
10A
4
10B
31-Mar-23 | 31-Mar-22 | 31-Dec-22 |
AUDITED | ||
₦ | ₦ | ₦ |
274,091,897 | 304,576,963 | 281,003,102 |
5,820,000 | 5,820,000 | 5,820,000 |
279,911,897 | 310,396,963 | 286,823,102 |
105,347,620 | 108,425,367 | 92,610,215 |
133,605,459 | 124,340,169 | 114,166,014 |
77,143,568 | 64,584,685 | 94,227,677 |
65,890,267 | 66,951,522 | 65,890,267 |
381,986,914 | 364,301,743 | 366,894,173 |
661,898,812 | 674,698,706 | 653,717,275 |
359,370,000 | 163,350,000 | 359,370,000 |
13,723,990 | 16,913,313 | 13,723,990 |
12,441,747 | 189,945,332 | 7,341,710 |
385,535,737 | 370,208,645 | 380,435,700 |
385,535,737 | 370,208,645 | 380,435,700 |
55,000,000 | 96,250,000 | 65,312,500 |
87,000,000 | 89,000,000 | 87,000,000 |
14,056,519 | 20,945,495 | 14,056,519 |
156,056,519 | 206,195,495 | 166,369,019 |
77,859,734 | 51,707,878 | 59,855,096 |
41,250,000 | 41,250,000 | 41,250,000 |
1,196,821 | 5,336,688 | 5,807,460 |
120,306,555 | 98,294,566 | 106,912,556 |
276,363,074 | 304,490,061 | 273,281,575 |
661,898,812 | 674,698,706 | 653,717,275 |
These financial statements were approved by the Board of Directors on 27th April, 2023 and signed on its
behalf by:
………………………………………………………………………………………….……………………………………………………………………
Chimaraoke Ekpe | Adebayo Temitope Abefe |
Managing Director | Finance Manager |
FRC/2016/NIM/00000014307 | FRC/2021/001/00000022401 |
McNICHOLS CONSOLIDATED PLC
STATEMENT OF CHANGE IN EQUITY AS AT 31 MARCH 2023
Other Reserves | Retained | |||
Share Capital | (Share Premium) | Earnings | Total | |
₦ | ₦ | ₦ | ₦ | |
Balance as at 01/01/2022 | 163,500,000 | 16,913,313 | 178,892,057 | 359,305,371 |
Changes in Equity for the Prior Year: | ||||
Issued Share Capital | - | |||
Cost Written Off | - | |||
Dividend | ||||
Total Comprehensive Income | 11,053,274 | 11,053,274 | ||
Balance as at End of 31/03/2022 | 163,500,000 | 16,913,313 | 189,945,332 | 370,358,645 |
Balance as at 01-01-2023 | 359,370,000 | 13,723,990 | 7,341,710 | 380,435,700 |
Changes in Equity Current year: | ||||
Issued Share Capital | - | |||
Cost Written Off | - | |||
Dividend | - | |||
Total Comprehensive Income | 5,100,036 | 5,100,036 | ||
Balance as at 31/03/23 | 359,370,000 | 13,723,990 | 12,441,747 | 385,535,737 |
McNICHOLS CONSOLIDATED PLC
STATEMENT OF CASH FLOW AS AT 31 MARCH 2023
31-Mar-23 | 31-Dec-22 | |
₦ | ₦ | |
Cash Flow from Operating Activities | (3,805,174) | 98,416,227 |
Tax Paid | (288,938) | (5,807,460.00) |
Net Cash Generated from Operating Activities | (4,094,112) | 92,608,767 |
Cash Flow from Investing Activities | ||
Purchases of property, plant and Equipment | - | (5,492,155) |
Sale of property, plant and Equipment | - | 7,620,490 |
Net Cash Flow from Investing Activities | - | 2,128,335 |
Cash Flows from Financing Activities | ||
Long Term Loans & Leases | (10,312,500) | (41,250,000) |
Share Capital | - | (3,189,323) |
Net Interest Paid | (2,677,497) | (11,574,835) |
Dividend Paid | - | (8,820,900) |
Net Cash from Financing Activities | (12,989,997) | (64,835,058) |
Total Cash Movement for the period | (17,084,109) | 29,902,044 |
Cash at beginning of period | 160,117,944 | 130,215,900 |
Total cash at end of period | 143,033,835 | 160,117,944 |
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McNichols Consolidated plc published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 14:16:22 UTC.
