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UNILEVER NIGERIA : QUARTER 4 - FINANCIAL STATEMENT FOR 2021

01/27/2022 | 03:39am EST

DocuSign Envelope ID: BDAFE67B-A087-4BFF-BA40-652E5DD27D4F

Unilever Nigeria Plc

Unaudited Interim Financial Statements

For the Year ended 31 December 2021

1

DocuSign Envelope ID: BDAFE67B-A087-4BFF-BA40-652E5DD27D4F

Unilever Nigeria Plc

Unaudited Interim Financial Statements for the Year ended 31 December 2021

Contents

Page

- Statement of profit or loss and other comprehensive income

3 - 5

- Statement of financial position

6 - 7

- Statement of changes in equity

8

- Statement of cash flows

9

- Notes to the financial statements

10

2

DocuSign Envelope ID: BDAFE67B-A087-4BFF-BA40-652E5DD27D4F

Unilever Nigeria Plc

Unaudited Interim Financial Statements for the Year ended 31 December 2021

Statement of profit or loss and other comprehensive income For three months ended

31 December

31 December

2021

2020

Note

N'000

N'000

Revenue

7

20,850,156

14,658,384

Cost of sales

(13,890,392)

(12,134,105)

Gross profit

6,959,764

2,524,279

Selling and distribution expenses

(1,031,291)

(620,820)

Marketing and administrative expenses

(3,490,822)

(2,302,166)

Impairment loss on trade and intercompany

receivables

(156,264)

(2,695,040)

Other income

37,352

29,840

Operating profit/ (loss)

2,318,739

(3,063,907)

Finance income

-

1,273,168

Finance costs

(278,123)

(49,286)

Net finance (costs)/ income

(278,123)

1,223,882

Profit / (loss) before minimum taxation

2,040,616

(1,840,025)

Minimum tax expense

12

(105,083)

(107,569)

Profit/ (loss) before taxation

1,935,533

(1,947,593)

Taxation

12

(389,078)

188,568

Profit/ (loss) from continuing operation

1,546,454

(1,759,025)

Discontinued operations

Profit/ (loss) from discontinued operations

23

2,336,849

(146,687)

Profit / (loss) for the year

3,883,303

(1,905,712)

Attributable to:

Equity holders

3,883,303

(1,905,712)

Earnings per share for profit attributable to equity holders:

0.68

0.08

Basic and diluted earnings per share (Naira)

The accompanying notes form an integral part of these financial statements.

3

DocuSign Envelope ID: BDAFE67B-A087-4BFF-BA40-652E5DD27D4F

Unilever Nigeria Plc

Unaudited Interim Financial Statements for the Year ended 31 December 2021

Statement of profit or loss and other comprehensive income For twelve months ended

31 December

31 December

2021

2020

Note

N'000

N'000

Revenue

7

70,523,694

52,211,267

Cost of sales

(50,551,542)

(41,136,845)

Gross profit

19,972,152

11,074,422

Selling and distribution expenses

(3,318,990)

(2,391,988)

Marketing and administrative expenses

8

(14,662,744)

(10,834,585)

Impairment loss on trade and intercompany

receivables

(361,925)

(3,770,859)

Other income

9

37,352

66,013

Operating profit/ (loss)

1,665,845

(5,856,996)

Finance income

10

679,611

1,833,976

Finance costs

11

(219,510)

(350,072)

Net finance income

460,101

1,483,904

Profit/ (loss) before minimum taxation

2,125,946

(4,373,092)

Minimum tax expense

12

(401,487)

(107,569)

Profit/ (loss) before taxation

1,724,459

(4,480,661)

Taxation (expense) / credit

12

(423,326)

731,264

1,301,132

(3,749,397)

Profit/ (loss) from continuing operations

Discontinued operations

Profit/ (loss) from discontinued operations

23

2,178,244

(216,524)

Profit/ (loss) for the year

3,479,376

(3,965,921)

Earnings per share for profit attributable to equity holders:

Basic and diluted earnings per share (Naira)

0.61

(0.69)

Basic and diluted earnings per share (Naira) -

continuing operations

0.23

0.00

The accompanying notes form an integral part of these financial statements.

4

DocuSign Envelope ID: BDAFE67B-A087-4BFF-BA40-652E5DD27D4F

Unilever Nigeria Plc

Unaudited Interim Financial Statements for the Year ended 31 December 2021

Statement of profit or loss and other comprehensive income (Continued)

For three months ended

Profit for the year

Other comprehensive income

Items that will not be reclassified to profit or loss:

Remeasurement on post employment benefit obligations (Note 18)

Total comprehensive income

Attributable to:

Equity holders

31 December

31 December

2021

2020

N'000

N'000

3,883,303

(1,905,712)

330,555-

4,213,858 (1,905,712)

4,213,858 (1,905,712)

For twelve months ended

Profit/ (loss) for the year

Other comprehensive income

Items that will not be reclassified to profit or loss:

Remeasurement on post employment benefit obligations (Note 18)

Total comprehensive income

Attributable to:

Equity holders

31 December

31 December

2021

2020

N'000

N'000

3,479,376

(3,965,921)

330,555(493,380)

3,809,931 (4,459,301)

3,809,931 (4,459,301)

The accompanying notes form an integral part of these financial statements.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Unilever Nigeria plc published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 08:38:04 UTC.


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