MCNICHOLS PLC McNICHOLS CONSOLIDATED PLC
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED (JANUARY 2023 - JUNE 2023)
Revenue
Cost of Sales
Selling, Marketing & Admin. Expenses
Finance Charges
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:
NOTE
1
5
9
6
Jun-23
₦
549,189,801
(458,001,020)
(63,035,458)
(5,317,029)
22,836,295
(2,707,054)
20,129,241
-
-
-
20,129,241
-
20,129,241
Jun-22
₦
422,276,073
(351,934,272)
(50,057,868)
(5,748,189)
14,535,744
(1,607,199)
12,928,545
7,470,490
-
-
20,399,035
-
20,399,035
Apr-Jun 2023
₦
309,888,594
(252,378,145)
(38,331,480)
(2,639,532)
16,539,437
(1,510,233)
15,029,204
-
-
-
15,029,204
-
15,029,204
Apr-Jun 2022
₦
204,704,241
(170,970,785)
(25,686,116)
(2,805,557)
5,241,783
447,072
5,688,855
3,813,584
-
-
9,502,439
-
9,502,439
Non-Controlling Interest
-
-
-
-
Total Comprehensive Income for the Period
20,129,241
20,399,035
15,029,204
9,502,439
Earninngs Per Share (Kobo)
2.80
6.24
2.09
2.91
McNICHOLS CONSOLIDATED PLC
UNAUDITED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30,2023
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 EQUITYAND LIABILITIES
Jun-23 | Jun-22 | Dec-22 | |
AUDITED | |||
NOTES | ₦ | ₦ | ₦ |
8 | 267,319,498 | 294,890,766 | 281,003,102 |
7 | 5,820,000 | 5,820,000 | 5,820,000 |
273,139,498 | 300,710,766 | 286,823,102 | |
89,250,162 | 117,182,191 | 92,610,215 | |
2 | 168,145,832 | 150,951,860 | 114,166,014 |
66,121,246 | 63,791,249 | 94,227,677 | |
11 | 65,890,267 | 56,639,022 | 65,890,267 |
389,407,507 | 388,564,322 | 366,894,173 | |
662,547,004 | 689,275,088 | 653,717,275 | |
359,370,000 | 163,350,000 | 359,370,000 | |
13,723,990 | 16,913,313 | 13,723,990 | |
27,470,952 | 199,291,094 | 7,341,710 | |
3 | 400,564,942 | 379,554,407 | 380,435,700 |
400,564,942 | 379,554,407 | 380,435,700 | |
10A | 44,687,500 | 85,937,500 | 65,312,500 |
92,093,699 | 89,000,000 | 87,000,000 | |
14,056,519 | 20,945,495 | 14,056,519 | |
150,837,718 | 195,882,995 | 166,369,019 | |
4 | 67,187,291 | 69,002,266 | 59,855,096 |
10B | 41,250,000 | 41,250,000 | 41,250,000 |
2,707,054 | 3,585,421 | 5,807,460 | |
111,144,345 | 113,837,687 | 106,912,556 | |
261,982,063 | 309,720,682 | 273,281,575 | |
662,547,004 | 689,275,088 | 653,717,275 | |
These financial statements were approved by the Board of Directors on 27th July, 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 30 JUNE 2023
Other Reserves | ||||
Share Capital | (Share Premium) | Retained Earnings | Total Equity | |
Balance as at 01/01/2022 | 163,500,000 | 16,913,313 | 178,892,057 | 359,305,371 |
Balance as at 30/06/22 | 163,350,000 | 16,913,313 | 199,291,094 | 379,554,407 |
Balance as at 01/01/2023 | 359,370,000 | 13,723,990 | 7,341,710 | 380,435,700 |
Issued Share Capital | - | |||
IPO Cost Written Off | - | |||
Profit for the period | 20,129,242 | 20,129,242 | ||
PPE Revaluation Surplus | - | |||
Balance as at 30/06/23 | 359,370,000 | 13,723,990 | 27,470,952 | 400,564,942 |
McNICHOLS CONSOLIDATED PLC
STATEMENT OF CASH FLOW AS AT 30 JUNE 2023
30-Jun-23 | 30-Jun-22 | 31-Dec-22 | |
₦ | ₦ | ₦ | |
Cash Flow from Operating Activities | 4,031,521 | 22,353,226 | 98,416,227 |
Tax Paid | (6,195,924) | (11,445,255) | (5,807,460) |
Net Cash Generated from Operating Activities | (2,164,403) | 10,907,970 | 92,608,767 |
Cash Flow from Investing Activities | |||
Purchases of property, plant and Equipment | - | (1,790,900) | (5,492,155) |
Sale of property, plant and Equipment | - | 7,470,490 | 7,620,490 |
Net Cash Flow from Investing Activities | - | 5,679,590 | 2,128,335 |
Cash Flows from Financing Activities | |||
Long Term Loans & Leases | (20,625,000) | (20,625,000) | (41,250,000) |
Share Capital | - | - | (3,189,323) |
Net Interest Paid | (5,317,029) | (5,748,189) | (11,574,835) |
Dividend Paid | - | (8,820,900) | |
Net Cash from Financing Activities | (25,942,029) | (26,373,189) | (64,835,058) |
Total Cash Movement for the period | (28,106,431) | (9,785,629) | 29,902,044 |
Cash at beginning of period | 160,117,944 | 130,215,900 | 130,215,900 |
Total cash at end of period | 132,011,513 | 120,430,271 | 160,117,944 |
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McNichols Consolidated 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 12:19:10 UTC.
