RONCHESS GLOBAL RESOURCES : QUARTER 3 - FINANCIAL STATEMENT FOR 2022

RONCHESS GLOBAL RESOURCES PLC

(RC 771515 )

UNAUDITED FINANCIAL STATEMENT

FOR THE PERIOD ENDED

SEPTEMBER 30 2022

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RONCHESS GLOBAL RESOURCES PLC

Unaudited Financial Statements

For the period ended 30 SEPTEMBER 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 SEPTEMBER 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 SEPTEMBER 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 SEPTEMBER , 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	2022
			₦'000	₦'000
Revenue	1,017,132	3,098,611
Profit/(Loss) before tax	242,763	972,242
Taxation
Profit/(Loss) after tax	242,763	972,242

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-Sep-22	30-Sep-21
			Percenta		Percenta
Description		Unit	ge	Unit	ge
		91,000,0		91,000,0
Issued Share Capital		00	100%	00	100%
Substantial Shareholdings (5% and above)
		63,791,0		63,791,0
Jackson Ukuevo		00	70.10%	00	70.10%
		14,378,0		14,378,0
Josephine Ukuevo		00	15.80%	00	15.80%
		12,831,0		12,831,0
Others		00	14.10%	00	14.10%
		91,000,0		91,000,0
Total Substantial Shareholdings		00	100.00%	00	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 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 September 2022, is compliant with the Exchange's free float requirements for companies listed on the Growth Board.

100% 91,000,000

AUTHORIZED SHARE CAPITAL

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

RONCHESS GLOBAL RESOURCES PLC

Audited Financial Statements

For the period ended 30 SEPTEMBER 2022

EM PLOYMENT AND EM PLOYEES

(a) Employment of physically challenged persons

The Company operates a non-discriminatory policy in the consideration of applications for employment, including those received from persons with disability. In the event of any employee becoming disabled in the course of employment, the Company is in a position to arrange appropriate training to ensure the continuous employment of such a person without subjecting him or her to any disadvantage in his or her career development. As at 30 SEPTEMBER 2022, the Company has no disabled persons in its employment.

(b) Health, safety and welfare at work

Arrangements are made for adequate security and protection of staff in the Company's premises while necessary safety regulations are complied with in order to facilitate the 'safety of employees of the Company at all times.

(c) Employee involvement and training

The Company provides facilities for regular on the job training for staff. Regular consultative meetings are held by management to keep members of staff abreast with developments within the company as well as its plans and achievements.

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