RONCHESS GLOBAL RESOURCES : QUARTER 2 - FINANCIAL STATEMENT FOR 2022

RONCHESS GLOBAL RESOURCE PLC

(RC 771515 )

UNAUDITED FINANCIAL STATEMENT

FOR THE PERIOD ENDED

JUNE 30 2022

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RONCHESS GLOBAL RESOURCES PLC

Unaudited Financial Statements

For the period ended 30 June 2022

Table of Contents
Company information	1
Directors report	2
Directors responsibilities in respect of the financial statements	3
Report of the independent auditor	4
Statement of financial position	6
Statement of profit or loss and other comprehensive income	7
Statement of changes in equity	8
Statement of cash flows	9
Notes to the financial statements	10
Statement of Value Added	29
Five Year Financial Summary	30

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RONCHESS GLOBAL RESOURCES PLC

Audited Financial Statements

For the period ended 30 June 2022

COMPANY INFORMATION
Directors	Adeolu Adeboye
	Ukuevo Jackson
	Okafor Akalaka
	Temitope Adeboye
	Tope Adebosin
	Lanre Ladipo
	Leon Kelly
	Nasir Muhammad
	Niyi Ogunnowo
Business Address	179A Moshood olugbani Street,
	Off Ligali Ayorinde St,
	Victoria Island, Lagos
RC NUMBER:	771515
Company Secretary	Chris Oruete
Auditors	Shelze Professional Services
	7th Floor
	Mulinner Towers
	39, Alfred Rewane Road
	Ikoyi
Bankers	Access Bank Plc
	Guaranty Trust Bank Plc
	Zenith International Bank plc
	Polaris Bank Limited
	United Bank for Africa Plc
	Access Bank Plc
	Eco Bank
	Providus Bank Plc
	Keystone Bank Limited

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RONCHESS GLOBAL RESOURCES PLC

Unaudited Financial Statements

For the period ended 30 June 2022

DIRECTORS' REPORT

The Directors submit herewith their report together with the audited financial statements of RONCHESS GLOBAL RESOURCES PLC (the "Company") for the period ended 30 June, 2022.

LEGAL FORM

RONCHESS GLOBAL RESOURCES PLC was incorporated on the 5th of September, 2008.

PRINCIPAL ACTIVITIES

The company is engaged in the business of Road Marking and Construction.

OPERATING RESULTS

The following is a summary of the Company's operating results:

	2022	2021
		₦'000	₦'000
Revenue	2,562,516	3,770,623
Profit/(Loss) before tax	847,268	783,276
Taxation	-
Profit/(Loss) after tax	847,268	783,276

DIRECTORS AND THEIR INTERESTS

The names of the present Directors are detailed on page 1, None of the Directors has notified the Company for the purpose of section 303 of the Companies and Allied Matters Act 2O2O of any interest in contracts with which the Company was involved during the period under review.

SHAREHOLDERS AND SHAREHOLDING

The names of the shareholders and their allotted shareholdings are as follows:

Shareholding Structure/Free Float Status

		30-Jun-22	30-Jun-21
			Percentag		Percentag
Description		Unit	e	Unit	e
		91,000,00		91,000,00
Issued Share Capital		0	100%	0	100%
Substantial Shareholdings (5% and above)
		63,791,00		63,791,00
Jackson Ukuevo		0	70.10%	0	70.10%
		14,378,00		14,378,00
Josephine Ukuevo		0	15.80%	0	15.80%
		12,831,00		12,831,00
Others		0	14.10%	0	14.10%
		91,000,00		91,000,00
Total Substantial Shareholdings		0	100.00%	0	100.00%
Directors' Shareholdings (direct and indirect),
excluding directors with substantial interests
	4

				0.00%				0.00%
	--		--		--		--
Total Directors' Shareholdings		0		0.00%		0		0.00%
Other Influential Shareholdings
				0.00%				0.00%
				0.00%				0.00%
				0.00%				0.00%
Free Float in Units and Percentage		0		0.00%		0		0.00%
Free Float in Value		₦ 0.00			₦ 0.00

Declaration:

1. Ronchess Global Resources Plc with a free float percentage of 14.1% as at 30 June 2022, is compliant with the Exchange's free float requirements for companies listed on the Growth Board.
2. Ronchess Global Resources Plc with a free float value of N12,831,000. as at 30 June 2022, is compliant with the Exchange's free float requirements for companies listed on the Growth Board.

AUTHORIZED SHARE CAPITAL

The authorized share capital of the Company as at 30 June 2022 is N91,000,000 dividends into 91,000,000 ordinary shares of ₦1 each.

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