SMART PRODUCTS NIGERIA PLC
MANAGEMENT ACCOUNT
FOR THE PERIOD ENDED 31ST MARCH 2024
SMART PRODUCTS NIGERIA PLC
STATEMENT OF FINANCIAL POSITION
FOR PERIOD ENDED 31ST MARCH 2024
Mar-24 | Mar-23 | |||
₦ | ₦ | |||
Non current assets | ||||
Property plant and equipment | 401,411 | 1,562,958.00 | ||
Investment property | 145,954,519 | 137,622,462.00 | ||
Available for sale | 1,627,756 | 697,604.00 | ||
Deferred tax asset | - | - | ||
147,983,686 | 139,883,024.00 | |||
Current assets | ||||
Loans and receiveable | 15,324,205 | 27,177,853.00 | ||
Cash and cash equivalent | 48,437,992 | 28,500,830.48 | ||
63,762,197 | 55,678,683.48 |
Total assets | 211,745,883 | 195,561,707.48 | ||
Non current liabilities | ||||
Deferred tax liability | 2,410,487 | 2,410,487.00 | ||
Current liabilities | ||||
Trade and other payable | 47,311,494 | 29,910,315.00 | ||
Deferred income | 34,808,020 | 23,383,429.00 | ||
Current tax payable | 1,646,438 | 43,465,091.00 | ||
83,765,952 | 96,758,835.00 | |||
Total liabilities | 86,176,439 | 99,169,322.00 | ||
Equity | ||||
Share capital | 23,625,000 | 23,625,000.00 | ||
Share premium | 26,920 | 26,920.00 | ||
Asset revaluation reserve | 81,018,020 | 81,018,020.00 | ||
Retained earnings | 20,899,504 | (8,277,554.52) | ||
125,569,444 | 96,392,385.48 | |||
Total liabilities and equity | 211,745,883 | 195,561,707.48 | ||
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SMART PRODUCTS NIGERIA PLC
STATEMENT OF INCOME
FOR PERIOD ENDED 31ST MARCH, 2024
Mar-24 | Mar-23 | |||
₦ | ₦ | |||
Revenue | (14,045,066) | (8,460,115) | ||
Other income | - | - | ||
Total revenue | (14,045,066) | (8,460,115) | ||
Personnel | 4,163,409 | 2,199,915 | ||
Other operating expenses | 8,211,921 | 7,036,629 | ||
Depreciation | - | - | ||
Specific impairment allowance | - | - | ||
(Profit) Loss before tax | (1,669,736) | 776,429 | ||
Income tax expenses | - | - | ||
Deferred tax expenses | - | - | ||
(Profit) Loss after tax | (1,669,736) | 776,429 | ||
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Smart Products Nigeria plc published this content on 09 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2024 14:57:03 UTC.