NORTHERN NIGERIA FLOUR MILLS PLC - KANO
Q2 UNAUDITED RESULTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2022 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Three
Note | |
Volumes (MT) | |
Revenue | |
Cost of sales | 1 |
Gross profit/(Loss) | |
Other Operating Income | 2 |
Selling and distribution expenses | 3 |
Administrative expenses | 4 |
Operating profit/(Loss) | |
Investment income | |
Finance cost | 5 |
Profit/(Loss) before tax
Tax expense
Profit/(Loss) after tax
Six Months | Six Months | Three Months | Months | |||
Ended | Ended | Ended | Ended | |||
30-09-22 | 30-09-21 | 30-09-22 | 30-09-21 | |||
N'000 | N'000 | N'000 | N'000 | |||
17,621 | 24,914 | 7,840 | 13,246 | |||
8,240,110 | 8,010,995 | 3,849,248 | 4,447,514 | |||
(7,472,187) | (7,382,997) | (3,425,095) | (4,130,295) | |||
767,923 | 627,997 | 424,153 | 317,219 | |||
- | ||||||
29,687 | 53,190 | 20,443 | 16,745 | |||
(93,322) | (60,159) | (48,760) | (31,568) | |||
(477,374) | (353,008) | (353,163) | (182,263) | |||
226,914 | 268,020 | 42,673 | 120,133 | |||
- | ||||||
507 | 3,511 | 142 | 2,417 | |||
(30,717) | (97,789) | (14,684) | (31,664) | |||
196,704 | 173,742 | 28,131 | 90,886 | |||
- | ||||||
196,704 | 173,742 | 28,131 | 90,886 | |||
- | ||||||
- | 0 | |||||
196,704 | 173,742 | 28,131 | 90,886 | |||
- |
Profit/(Loss) attributable to: | - | ||||||
Owners of the Company | 196,704 | 173,742 | 28,131 | 90,886 | |||
Earnings per Share - Basic (Kobo) | 110 | 97 | 16 | 51 |
MR ADRIAN NAIDOO | EMMANUEL N ODIGIE |
Managing Director | Chief Financial Officer |
FRC/2013/ICAN/00000004286 |
October 7th, 2022
Explanatory Notes:
Management has been able to maintain the profit making strides of the Company up to the second quarter of the year with increased turnover and revenues. This trend is expected to continue within the rest of the year.
Q2 UNAUDITED RESULTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2022 STATEMENT OF FINANCIAL POSITION
30-Sep-22 | 30-Sep-21 | 31-Mar-22 | ||||
Note | N'000 | N'000 | N'000 | |||
Non-current assets | ||||||
Property, plant and equipment | 3,793,179 | 3,625,336 | 3,847,899 | |||
Deffered tax assets | 5,815 | 5,815 | - | |||
Prepayments/Investments in associates | - | - | 10,259 | |||
Total non-current assets | 3,798,994 | 3,631,151 | 3,858,158 | |||
Current assets | ||||||
Inventories | 6 | 7,738,074 | 2,513,213 | 8,237,924 | ||
Trade receivables | 7a | 99,596 | 127,717 | 222,384 | ||
Other receivables | 7c | 65,174 | 9,930 | - | ||
Prepayments | 7b | 29,803 | 56,107 | 34,139 | ||
Due from related companies | 7c | 61,698 | 24,058 | - | ||
Cash and deposits | 631,654 | 2,741,688 | 962,523 | |||
Total current assets | 8,626,000 | 5,472,712 | 9,456,970 | |||
Total assets | 12,424,994 | 9,103,864 | 13,315,128 | |||
Equity | ||||||
Share capital | 89,100 | 89,100 | 89,100 | |||
Share premium account | 89,521 | 89,521 | 89,521 | |||
Fixed Assets Revaluation Reserve | 1,566,005 | 1,566,005 | 1,566,005 | |||
Retained earnings | 1,249,240 | 1,253,271 | 1,109,843 | |||
Total equity | 2,993,865 | 2,997,897 | 2,854,469 | |||
Non-current liabilities | ||||||
Borrowings | 8 | 156,118 | 311,687 | 237,569 | ||
Retirement benefit obligation | 10 | 215,505 | 196,130 | 190,058 | ||
Long service award | 11 | 34,367 | 44,656 | 30,746 | ||
Deferred Revenue | 15 | 4,985 | 33,519 | 29,282 | ||
Deferred tax (asset)/Liability | 9 | 207,385 | 71,553 | 201,570 | ||
Total non-current liabities | 618,359 | 657,545 | 689,225 | |||
Current liabilities | ||||||
Borrowings | 8 | 165,141 | 285,320 | 156,134 | ||
Trade payables | 12,13 & 15 | 8,593,629 | 4,676,784 | 9,401,278 | ||
Dividend payables | 13 | 31,508 | ||||
Current tax payable | 13 | (7,847) | 7,729 | 97,808 | ||
Customer deposits | 14 | 61,847 | 478,588 | 84,706 | ||
Total current liabilities | 8,812,769 | 5,448,421 | 9,771,434 | |||
Total liabilities | 9,431,128 | 6,105,966 | 10,460,659 | |||
Total equity and liabilities | 12,424,994 | 9,103,864 | 13,315,128 | |||
NORTHERN NIGERIA FLOUR MILLS PLC
STATEMENT OF CHANGES IN EQUITY
Q2 UNAUDITED RESULTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2022
Equity attributable to equity holders of the Company
Balance at 1 April 2021
Transfer from total comprehensive income for the period Dividend payment
Balance at 30th September 2021
Balance at 1 April 2022
Transfer from total comprehensive income for the period
Share | Non | Retained | |||
Share Capital | Revaluation reserve | controlling | Total Equity | ||
premium | Earnings | ||||
interest | |||||
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 |
- | |||||
89,100 | 89,521 | 1,566,005 | - | 1,106,259 | 2,850,885 |
(60,159) | (60,159) | ||||
(26,730) | (26,730) | ||||
89,100 | 89,521 | 1,566,005 | - | 1,019,370 | 2,763,996 |
89,100 | 89,521 | 1,566,005 | - | 1,109,843 | 2,854,469 |
-
183,946183,946
Dividend Paid | (44,550) | (44,550) | ||||
Balance at 30th September 2022 | 89,100 | 89,521 | 1,566,005 | - | 1,249,239 | 2,993,865 |
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Northern Nigeria Flour Mills Ltd. published this content on 24 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2022 16:01:43 UTC.