AUSTIN LAZ & COMPANY PLC 1
AUSTIN LAZ & COMPANY PLC
INTERIM STATEMENT OF AFFAIRS FOR THE
THIRD QUARTER ENDED 30TH SEPTEMBER, 2022
SUMMARY
Austin Laz & Company Plc is currently undergoing operational challenges. Consequently, all production activities are in suspension pending the resolution of the challenges. Meanwhile,
the company hereby presents the Statement of Affair for the third ended on the 30th of September
Jan - Sep | Jan - Jun | Jan - Sep | Audited | |
2022 | 2022 | 2021 | 31/12/2021 | |
RESULT | N'000 | N'000 | N'000 | N'000 |
Turnover | - | - | - | - |
Profit before tax | - | - | - | (44,568) |
Taxation | - | - | - | - |
Profit/(loss) after tax | - | - | - | (44,568) |
By order of the Board
Barr Ofor John Ifeanyi
FRC/2016/NBA/0000001416
Company Secretary
Benin City
11-Oct-22
2
AUSTIN LAZ & COMPANY PLC
INTERIM STATEMENT OF AFFAIRS FOR THE
THIRD QUARTER ENDED 30TH SEPTEMBER, 2022
CONTENT | PAGE |
STATEMENT OF AFFAIRS | 4 |
STATEMENT OF COMPREHENSIVE INCOME | 5 |
NOTES TO THE STATEMENT | 6 - 8 |
3
AUSTIN LAZ & COMPANY PLC
INTERIM STATEMENT OF AFFAIRS FOR THE
THIRD QUARTER ENDED 30TH SEPTEMBER, 2022
STATEMENT OF AFFAIRS AS AT 30 SEPTEMBER, 2022
Third | Third | |||||
NOTE | Quarter | Quarter | Audited | |||
2022 | 2021 | 12/31/2021 | ||||
ASSETS | N'000 | N'000 | N'000 | |||
Non Current Assets | ||||||
Property, Plant & Equipment | 1 | 1,146,163 | 1,190,731 | 1,146,163 | ||
Intangibles | 2 | 151,835 | 151,835 | 151,835 | ||
1,297,998 | 1,342,566 | 1,297,998 | ||||
CURRENT ASSETS | ||||||
Inventories | 3 | 25,830 | 25,830 | 25,830 | ||
Trade receivables | 4 | 22,261 | 22,261 | 22,261 | ||
Cash and Cash Equivalent | 5 | 1,057 | 1,057 | 1,057 | ||
49,148 | 49,148 | 49,148 | ||||
Total Assets | 1,347,146 | 1,391,714 | 1,347,146 | |||
EQUITY AND LIABILITIES: | ||||||
EQUITY | ||||||
Authorized Share Capital | 750,000 | 750,000 | 750,000 | |||
Paid up Share Capital | 4 | 539,930 | 539,930 | 539,930 | ||
Capital Reserves | 1,224,776 | 1,224,776 | 1,224,776 | |||
Retained Earnings | (467,032) | (422,464) | (467,032) | |||
Equity attributable to owners | ||||||
of company | 1,297,674 | 1,342,242 | 1,297,674 | |||
NON-CURRENT LIABILITIES: | ||||||
Long Term Borrowing | 5 | 42,644 | 42,644 | 42,644 | ||
CURRENT LIABILITIES | ||||||
Trade Payable | 7 | 1,857 | 1,857 | 1,857 | ||
Other Payable | 6 | 4,971 | 4,971 | 4,971 | ||
6,828 | 6,828 | 6,828 | ||||
Total Equity and Liabilities | 1,347,146 | 1,391,714 | 1,347,146 |
Dr. Austin L. Asimonye | U. Osamede |
Vice Chairmen/CEO | Chief Financial Officer |
FRC/2017/IODN/00000016208 | FRC/2013/ANAN/00000004916 |
10/12/2022 | 10/12/2022 |
4
AUSTIN LAZ & COMPANY PLC
INTERIM STATEMENT OF AFFAIRS FOR THE
THIRD QUARTER ENDED 30TH SEPTEMBER, 2022
STATEMENT OF COMPREHENSIVE INCOME
NOTE | 2022 | 2021 | |||||||
Audited | |||||||||
JAN - SEP JAN - JUN | JAN - SEP | JAN - JUN | 12/31/2021 | ||||||
N'000 | N'000 | N'000 | N'000 | N'000 | |||||
Revenue | 8 | - | - | - | - | - | |||
Cost of Sales | 10 | - | - | - | - | - | |||
Gross Profit/(Loss) | - | ||||||||
- | - | - | - | ||||||
Administration Expenses | 12 | - | - | - | - | (44,568) | |||
Distribution Expenses | 11 | - | - | - | - | - | |||
Finance Cost | 13 | - | |||||||
Profit before Tax | (44,568) | ||||||||
Tax Provision | - | ||||||||
Profit after Tax | (44,568) | ||||||||
DISCONTINUED | |||||||||
OPERATION | |||||||||
Gain/(Loss) on discontinued | |||||||||
operation net of tax | - | - | - | - | - | ||||
Net Profit for the Period | (44,568) | ||||||||
OTHER | |||||||||
COMPREHENSIVE | |||||||||
INCOME NET OF TAX | - | - | - | - | - | ||||
Total Comprehensive income | |||||||||
for the Period | - | - | (44,568) | ||||||
Basic Earning Per Share | |||||||||
0.00 | 0.00 | 0.00 | 0.00 | (0.04) | |||||
Diluted Earning Per Share | - | - | - | - | (0.04) |
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Austin Laz & Co. plc published this content on 21 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2022 14:39:01 UTC.
