Eterna Plc
IFRS Financial Statements for Half-Year
Ended 3oth June 2023
Eterna Plc
Consolidated Financial Statements for the half-year ended 30th June 2023
Consolidated statement of profit or loss and other comprehensive income for half-year ended 30th June 2023
Group | Company | |||||||||
30th June | 30th June | 30th June | 30th June | |||||||
Note | 2023 | 2022 | 2023 | 2022 | ||||||
N'000 | N'000 | N'000 | N'000 | |||||||
Revenue | 1 | 69,338,555 | 57,215,911 | 69,338,555 | 57,215,910 | |||||
Cost of sales | 2.1 | (60,768,933) | (53,080,692) | (60,833,628) | (53,183,112) | |||||
Gross profit | 8,569,622 | 4,135,219 | 8,504,927 | 4,032,798 | ||||||
Selling and distribution expenses | 2.2 | (197,391) | (75,291) | (197,391) | (75,291) | |||||
General and administrative expenses | 2.3 | (3,552,404) | (2,245,884) | (3,406,018) | (2,103,297) | |||||
Other income | 6 | 30,441 | 168,486 | 24,462 | 168,392 | |||||
Operating (loss)/profit | 4,850,268 | 1,982,530 | 4,925,980 | 2,022,602 | ||||||
Finance income | 7 | 30,852 | 27,220 | 30,852 | 27,220 | |||||
Foreign exchange loss | 7.1 | (9,803,557) | (76,146) | (9,803,557) | (76,146) | |||||
Finance cost | 8 | (617,750) | (354,624) | (617,750) | (354,624) | |||||
(Loss)/profit before tax | (5,540,187) | 1,578,980 | (5,464,475) | 1,619,052 | ||||||
Taxation | 9 | (346,845) | (326,399) | (346,815) | (326,399) | |||||
(Loss)/profit for the period | (5,887,032) | 1,252,581 | (5,811,290) | 1,292,655 | ||||||
Attributable to: | ||||||||||
- Owners of the parent | (5,887,032) | 1,252,581 | (5,811,290) | 1,292,655 | ||||||
- Non-controlling interests | - | - | - | - | ||||||
(5,887,032) | 1,252,581 | (5,811,290) | 1,292,655 | |||||||
Total comprehensive (loss)/income for the period | (5,887,032) | 1,252,581 | (5,811,290) | 1,292,655 | ||||||
Attributable to: | ||||||||||
- Owners of the parent | (5,887,032) | 1,252,585 | (5,811,290) | 1,292,655 | ||||||
- Non-controlling interests | - | (4) | - | - | ||||||
Total comprehensive (loss)/income for the period | (5,887,032) | 1,252,581 | (5,811,290) | 1,292,655 | ||||||
Earnings per share: | ||||||||||
Basic | 31 | (4.51) | 0.96 | (4.46) | 0.99 | |||||
Diluted | 31 | (4.51) | 0.96 | (4.46) | 0.99 |
Eterna Plc
Consolidated Financial Statements for the quarter ended 30th June 2023
Consolidated statement of profit or loss and other comprehensive income for 2nd-quarter ended 30th June 2023
Group | Company | |||||||||
Q2 2023 | Q2 2022 | Q2 2023 | Q2 2022 | |||||||
Note | ||||||||||
N'000 | N'000 | N'000 | N'000 | |||||||
Revenue | 10 | 38,156,089 | 30,392,908 | 38,156,090 | 30,436,572 | |||||
Cost of sales | 11.1 | (33,125,446) | (28,558,304) | (33,149,772) | (28,660,744) | |||||
Gross profit | 5,030,643 | 1,834,604 | 5,006,318 | 1,775,827 | ||||||
Selling and distribution expenses | 11.2 | (127,046) | (41,800) | (127,046) | (41,800) | |||||
General and administrative expenses | 11.3 | (1,844,618) | (1,046,855) | (1,770,636) | (971,368) | |||||
Other income | 15 | 12,371 | 127,707 | 12,371 | 127,653 | |||||
Operating (loss)/profit | 3,071,350 | 873,656 | 3,121,007 | 890,313 | ||||||
Finance income | 16 | 26,432 | 6,334 | 26,432 | 6,334 | |||||
Foreign exchange loss | 16.1 | (9,621,657) | (76,146) | (9,621,657) | (76,146) | |||||
Finance cost | 17 | (307,105) | (236,442) | (307,105) | (236,442) | |||||
(Loss)/profit before tax | (6,830,980) | 567,402 | (6,781,323) | 584,059 | ||||||
Taxation | 18 | (190,752) | (192,284) | (190,734) | (192,502) | |||||
(Loss)/profit for the quarter | (7,021,732) | 375,118 | (6,972,058) | 391,557 | ||||||
Attributable to: | ||||||||||
- Owners of the parent | (7,021,732) | 375,118 | (6,972,058) | 391,557 | ||||||
- Non-controlling interests | - | - | - | - | ||||||
(7,021,732) | 375,118 | (6,972,058) | 391,557 | |||||||
Total comprehensive (loss)/income for the quarter | ||||||||||
(7,021,732) | 375,118 | (6,972,058) | 391,557 | |||||||
Attributable to: | ||||||||||
- Owners of the parent | (7,021,732) | 375,118 | (6,972,058) | 391,557 | ||||||
- Non-controlling interests | - | - | - | - | ||||||
Total comprehensive (loss)/income for the quarter | (7,021,732) | 375,118 | (6,972,058) | 391,557 | ||||||
Earnings per share: | ||||||||||
Basic | 31 | (5.38) | 0.29 | (5.35) | 0.30 | |||||
Diluted | 31 | (5.38) | 0.29 | (5.35) | 0.30 |
Eterna Plc
Consolidated Financial Statements for the half-year ended 30th June 2023
Consolidated statement of financial position
Group | Company | |||||||||||
Note | 30th June | 31 December | 30th June | 31 December | ||||||||
2023 | 2022 | 2023 | 2022 | |||||||||
N'000 | N'000 | N'000 | N'000 | |||||||||
Non-current assets | ||||||||||||
Property, plant and equipment | 19 | 12,240,217 | 12,241,840 | 11,675,465 | 11,650,591 | |||||||
Intangible assets | 19 | 29,559 | 40,571 | 29,559 | 40,571 | |||||||
Right of Use Assets | 20 | 1,688,606 | 1,784,325 | 1,688,606 | 1,784,325 | |||||||
Other investments | 22 | 575,382 | 575,382 | 575,382 | 575,382 | |||||||
Investment in subsidiaries | 22 | - | - | 50,990 | 50,990 | |||||||
14,533,764 | 14,642,118 | 14,020,002 | 14,101,859 | |||||||||
Current assets | ||||||||||||
Inventory | 23 | 16,429,927 | 11,190,254 | 16,360,217 | 11,126,474 | |||||||
Trade and other receivables | 24 | 20,628,087 | 16,691,547 | 21,285,176 | 17,443,963 | |||||||
Prepayments | 20 | 303,402 | 307,291 | 310,027 | 306,964 | |||||||
Cash and bank balances | 25 | 15,048,324 | 11,159,812 | 15,041,813 | 11,159,276 | |||||||
52,409,740 | 39,348,904 | 52,997,234 | 40,036,677 | |||||||||
Total assets | 66,943,505 | 53,991,022 | 67,017,236 | 54,138,541 | ||||||||
Non-current liabilities | ||||||||||||
Deferred tax liability | 23 | 1,365,221 | 1,365,224 | 1,406,225 | 1,406,225 | |||||||
Decomissioning liability | 27 | 194,979 | 194,979 | 178,889 | 178,889 | |||||||
1,560,201 | 1,560,203 | 1,585,114 | 1,585,114 | |||||||||
Current liabilities | ||||||||||||
Trade and other payables | 28 | 15,066,869 | 11,759,489 | 14,879,185 | 11,714,880 | |||||||
Borrowings | 26 | 42,887,782 | 26,835,967 | 42,887,782 | 26,835,967 | |||||||
Tax payable | 9 | 380,723 | 704,780 | 380,697 | 711,210 | |||||||
58,335,374 | 39,300,236 | 58,147,663 | 39,262,057 | |||||||||
Total liabilities | 59,895,575 | 40,860,439 | 59,732,777 | 40,847,171 | ||||||||
Equity attributable to shareholders | ||||||||||||
Share capital | 30 | 652,072 | 652,072 | 652,072 | 652,072 | |||||||
Share premium | 30 | 5,796,053 | 5,796,053 | 5,796,053 | 5,796,053 | |||||||
Retained earnings | 599,806 | 6,682,461 | 836,333 | 6,843,245 | ||||||||
7,047,931 | 13,130,586 | 7,284,459 | 13,291,370 | |||||||||
Non -controlling interest | (2) | (2) | - | - | ||||||||
Total equity | 7,047,930 | 13,130,584 | 7,284,459 | 13,291,370 | ||||||||
Total equity and liabilities | 66,943,505 | 53,991,022 | 67,017,236 | 54,138,541 | ||||||||
-0.66 | 0.00 | 0.00 | 0.14 | |||||||||
(0.66) | - | - | 0.14 |
The financial statements were approved by the board of directors and authorised for issue on 25th July , 2023. They were signed on its behalf by:
Benjamin Nwaezeigwe | Abudukerimu Sule | |
Managing Director/Chief Executive Officer | Chief Financial Officer | |
FRC/2022/PRO/DIR/003/00000023332 | FRC/2022/PRO/ICAN/001/00000023899 |
Eterna Plc
Consolidated Financial Statements for the half-year ended 30th June 2023
Consolidated statement of changes in equity
Attributable to equity holders | |||||||
of the parent | |||||||
Group | |||||||
Total amount | Non - | ||||||
Retained | attributable to | controlling | |||||
Share Capital | Share premium | Earnings | Other Reserves | equity holders | interest | Total Equity | |
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | |
Balance at 1 January 2022 | 652,072 | 5,796,053 | 5,670,208 | - | 12,118,333 | 42 | 12,118,375 |
Comprehensive income | |||||||
Profit for the year | - | - | 1,012,252 | - | 1,012,252 | (44) | 1,012,209 |
Other Comprehensive income | |||||||
Total comprehensive income | - | - | 1,012,252 | - | 1,012,252 | (44) | 1,012,209 |
Transaction with owners | - | - | - | ||||
Dividend paid | - | - | - | - | |||
At 31 December 2022 | 652,072 | 5,796,053 | 6,682,461 | - | 13,130,586 | (2) | 13,130,584 |
Balance at 1 January 2023 | 652,072 | 5,796,053 | 6,682,461 | 13,130,586 | (2) | 13,130,584 | |
Comprehensive income | |||||||
Loss for the period | - | - | (5,887,032) | (5,887,032) | - | (5,887,032) | |
Other Comprehensive income | |||||||
Total comprehensive loss | - | - | (5,887,032) | - | (5,887,032) | - | (5,887,032) |
Transaction with owners | - | - | - | - | - | - | |
Dividend Paid | (195,622) | (195,622) | - | (195,622) | |||
At 30th June 2023 | 652,072 | 5,796,053 | 599,806 | - | 7,047,931 | (2) | 7,047,930 |
Company | |||||||
Share | Share | Retained | Other | Total | |||
capital | premium | earnings | Reserves | Equity | |||
N'000 | N'000 | N'000 | N'000 | N'000 | |||
Balance at 1 January 2022 | 652,072 | 5,796,053 | 5,685,540 | - | 12,133,665 | ||
Comprehensive income | - | ||||||
Profit for the year | 1,157,705 | 1,157,705 | |||||
Other Comprehensive income | - | ||||||
Total comprehensive income | - | - | 1,157,705 | - | 1,157,705 | ||
Transaction with owners | - | - | - | - | |||
Dividend paid | - | - | |||||
At 31 December 2022 | 652,072 | 5,796,053 | 6,843,245 | - | 13,291,370 | ||
Balance at 1 January 2023 | 652,072 | 5,796,053 | 6,843,245 | 13,291,370 | |||
Comprehensive income | - | ||||||
Loss for the period | (5,811,290) | (5,811,290) | |||||
Other Comprehensive income | |||||||
Total comprehensive loss | - | - | (5,811,290) | - | (5,811,290) | ||
Transaction with owners | - | - | - | - | |||
Dividend Paid | (195,622) | (195,622) | |||||
At 30th June 2023 | 652,072 | 5,796,053 | 836,333 | - | 7,284,458 | ||
Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Eterna plc published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 15:17:16 UTC.