SMART PRODUCTS NIGERIA : QUARTER 1 - FINANCIAL STATEMENT FOR 2002

SMART PRODUCTS NIGERIA PLC

MANAGEMENT ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2022

SMART PRODUCTS NIGERIA PLC
STATEMENT OF FINANCIAL POSITION
AS AT PERIOD ENDED 31 MARCH 2022
	March 2022
		₦
Non current assets
Property plant and equipment	2,325,530
Investment property	126,053,289
Available for sale	651,384
Deferred tax asset		-
	129,030,203
Current assets
Loans and receiveable	40,921,495
Cash and cash equivalent	20,188,882
	61,110,377

Total assets	190,140,580
Non current liabilities
Deferred tax liability	1,144,889
Current liabilities
Trade and other payable	30,423,814
Deferred income	12,344,552
Current tax payable	42,516,437
	85,284,803
Total liabilities	86,429,692
Equity
Share capital	22,500,000
Share premium	1,151,920
Asset revaluation reserve	81,018,020
Retained earnings	(959,052)
	103,710,888
Total liabilities and equity	190,140,580

	25TH APRIL, 2022
Mr. Akin Laoye	Mr. Olumayowa P. Jimoh
Managing Director	for: Chief Finance Officer
FRC/2021/003/00000023888	FRC/2022/PRO/ICAN/001/00000024076

SMART PRODUCTS NIGERIA PLC

STATEMENT OF INCOME

FOR THE PERIOD ENDED 31 MARCH 2022

	March 2022
	₦
Revenue	15,219,930
Other income	-
Total revenue	15,219,930
Personnel	(978,325)
Other operating expenses	(6,113,634)
Depreciation	-
Specific impairment allowance	-
Profit before tax	8,127,971
Income tax expenses	-
Deferred tax expenses	-
Profit after tax	8,127,971