ACADEMY PRESS : YEAR END - FINANCIAL STATEMENT FOR 2023

ACADEMY PRESS PLC

REPORTS AND FINANCIAL STATEMENTS

FOR THE FOURTH QUARTER ENDED 31TH MARCH, 2023

Academy Press Plc.

Reports and financial statements for the fourth quarters ended 31th March, 2023

CONTENTS	PAGE
Corporate information	1
Financial highlights	2
Consolidated Statements of comprehensive income	3
Consolidated Statements of financial position	4
Consolidated Statements of changes in equity	5
Consolidated Statements of cash flows	6
Notes to the financial statements	7

1

			Academy Press Plc.
	Corporate Information
Directors:	Wahab B. Dabiri		- Chairman
	Olugbenga Ladipo		- Managing Director
	David Pritchard	(British)	- Non-executive Director
	Folashade B. Omo-Eboh- (Mrs.)	- Non-executive Director
	Oyewole Olaoye		- Non-executive Director
	Femi T. Akingbe -		- Non-executive Director
	Abubakar A.Jimoh		-Non- executive Director
	Paul Aderibigbe		- Executive Director
Secretaries:	Alpha-Genasec Limited,
	Krestal Laurel Complex (4th Floor),
	376, Ikorodu Road,
	Maryland, Ikeja, Lagos.
	Tel:[phone]
	Email: alpha-genasec @bakertilly.com
Registered office:	28/32, Industrial Avenue,
	Ilupeju Industrial Estate,
	Ilupeju, Lagos.
	Tel: [phone]&07014900034
	Email: applc@academy press- plc.com
	www.academypress-plc.com
Registered number:	RC. 3915
Auditors:	Ernst & Young
	(Chartered Accountants)
	10th & 13th Floor, UBA House
	57, Marina, Lagos
	E-mail: [e-mail]
Registrars:	Pace Registrars Limited,
	Knight Frank Building (8th floor),
	24, Campbell Street, Lagos.

Tel: [phone]

E-mail: Info @ paceregistrars.Com

2

Bankers:	Union Bank of Nigeria Plc.
	First Bank of Nigeria Plc.
	Sterling Bank Nigeria Plc.
	Zenith Bank Plc.
	Guaranty Trust Bank Plc.
	United Bank for Africa

3

Academy Press Plc.

FINANCIAL HIGHLIGHTS

	31-03-2023		31-03-2022	31-12-2022	31-12-2021	%	30-09-2022	30-09-2021	31-06-2022	31-06-2021
	2023		2022		2022	2021		2022	2021		2022	2021
	₦'000		₦'000		₦'000	₦'000		₦'000	₦'000		₦'000	₦'000
Revenue	4,495,618	9	4,110,704	19	3,279,368	2,754,459	19	2,328,351	2,109,194	10	1,418,249	762,497		86
Profit/(Loss) before taxation	291,091	22	238,523	(3.6)	134,001	138,988	(3.6)	175,055	197,197	(11)	132,348	18,332		622
Taxation			-		-	-		-	-		-	-
Profit/(Loss) after taxation	291,091	22	238,523	(3.6)	134,001	138,988	(3.6)	175,055	197,197	(11)	132,348	18,332		622
EPS	39k		39K		22k	23K	(4.3)	29k	33k	(12)	22k	(33k)	167
	31-03-2023		31-03-2022		31-12-2022	31-12-2021		30-09-2022	30-09-2021	31-06-2022	31-06-2021
	₦'000		₦'000		₦'000	₦'000		₦'000	₦'000		₦'000	₦'000
Property, plant & machinery	1,095,931	23	892,006	(7)	900,848	965,124	(7)	903,635	932,375	(3)	883,717	977,074	(9)
Share Capital	378,000	25	302,400	25	378,000	302,400	25	302,400	302,400		302,400	302,400
Equity	277,666	11	249,450	86	278,260	149,915	86	360,054	234,797	53	396,577	25,838		1434
	Number		Number		Number	Number		Number	Number		Number	Number
	194		209		199	212		205	219		209	219

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