Cadbury Nigeria Plc
Un-audited Interim Financial Information
for the Period Ended 31 March 2023
Cadbury Nigeria Plc | |
Un-audited Interim Financial Information | |
for the First Quarter 31 March 2023 | |
Content | Page |
Financial highlights | 2 |
Statement of financial position | 3 |
Statement of profit or loss and other comprehensive income | 4 |
Statement of changes in equity | 5 |
Statement of cashflows | 6 |
Notes to the financial statements | 7 |
1
Cadbury Nigeria Plc | ||||||
Un-audited Interim Financial Information | ||||||
for the First Quarter 31 March 2023 | ||||||
Financial highlights | ||||||
For the First Quarter Ended 31 March 2023 | ||||||
In thousands of naira | ||||||
Un-audited | Un-audited | |||||
31 March | 31 March | |||||
2023 | 2022 | Change % | ||||
Revenue | 16,563,132 | 12,788,662 | 30 | |||
Gross profit | 6,358,590 | 3,232,859 | 97 | |||
Results from operating activities | 4,553,198 | 1,923,314 | 137 | |||
Profit before tax | 4,933,254 | 2,202,214 | 124 | |||
Profit for the period | 3,453,278 | 1,541,550 | 124 | |||
Share capital | 939,101 | 939,101 | - | |||
Total equity | 16,755,906 | 15,177,904 | 10 | |||
Data per 50k share | ||||||
Basic earnings per share | 183.86 | 82.08 | 124 | |||
Net asset per share | 892 | 808 | 10 |
2
Cadbury Nigeria Plc
Un-audited Interim Financial Information
for the First Quarter 31 March 2023
Statement of financial position
As at 31 March 2023
In thousands of naira
Un-audited | Audited | |||
31 March | 31 December | |||
Note | 2023 | 2022 | ||
Assets | ||||
Non-current assets | ||||
Property, plant and equipment | 9 | 13,961,262 | 14,070,993 | |
Right-of-use assets | 18 | 34,397 | 38,973 | |
Intangible assets | 10 | 5,247 | 6,813 | |
Total non-current assets | 14,000,906 | 14,116,779 | ||
Current assets | ||||
Inventories | 11 | 13,218,142 | 11,913,166 | |
Trade and other receivables | 12 | 6,034,102 | 5,164,146 | |
Prepayments | 13 | 1,666,550 | 1,071,815 | |
Cash and cash equivalents | 14 | 34,260,908 | 27,447,778 | |
Total current assets | 55,179,702 | 45,596,905 | ||
Total assets | 69,180,608 | 59,713,684 | ||
Equity and liabilities | ||||
Equity | ||||
Share capital | 939,101 | 939,101 | ||
Share premium | 272,344 | 272,344 | ||
Other reserves | 3,436,348 | 3,436,348 | ||
Share based payment reserve | 15 | 176,896 | 176,896 | |
Retained earnings | 11,931,217 | 8,477,939 | ||
Total equity | 16,755,906 | 13,302,628 | ||
Liabilities | ||||
Non-current liabilities | ||||
Borrowings | 19 | 7,813,787 | 7,640,590 | |
Deferred taxation | 1,092,687 | 1,092,687 | ||
Employee benefits | 609,388 | 576,884 | ||
Lease liabilities | 18 | 11,015 | 12,494 | |
Total non-current liabilities | 9,526,877 | 9,322,655 | ||
Current liabilities | ||||
Borrowings | 19 | 20,165,690 | 16,219,870 | |
Current tax liabilities | 8 | 1,862,982 | 383,006 | |
Trade and other payables | 16 | 20,868,507 | 20,484,918 | |
Lease liabilities | 18 | 646 | 606 | |
Total current liabilities | 42,897,825 | 37,088,401 | ||
Total liabilities | 52,424,702 | 46,411,056 | ||
Total equity and liabilities | 69,180,608 | 59,713,684 | ||
These financial statements were approved by the Board of Directors on 17 April 2023 and signed on its behalf by:
Oyeyimika Adeboye (Managing Director) ) FRC/2013/ICAN/00000001089
Ogaga Ologe (Finance Director) ) FRC/2013/ICAN/00000001091
The accompanying notes on pages 7 to 24 form an integral part of these financial statements.
3
Cadbury Nigeria Plc
Un-audited Interim Financial Information
for the First Quarter 31 March 2023
Statement of profit or loss and other comprehensive income for the First Quarter 31 March 2023
Un-audited | Un-audited | |||
31 March | 31 March | |||
In thousands of naira | Note | 2023 | 2022 | |
Revenue | 5 | 16,563,132 | 12,788,662 | |
Cost of sales | (10,204,542) | (9,555,803) | ||
Gross profit | 6,358,590 | 3,232,859 | ||
Other income | 6 | 9,827 | 17,078 | |
Selling and distribution expenses | (1,555,251) | (1,014,964) | ||
Administrative expenses | (259,968) | (311,659) | ||
Results from operating activities | 4,553,198 | 1,923,314 | ||
Net finance income | 7 | 380,056 | 278,900 | |
Profit before tax | 4,933,254 | 2,202,214 | ||
Income tax expense | 8 | (1,479,976) | (660,664) | |
Profit for the period | 3,453,278 | 1,541,550 | ||
Other comprehensive income | - | - | ||
Total comprehensive income for the period | 3,453,278 | 1,541,550 | ||
Basic earning per share (kobo) | 184 | 82 |
The accompanying notes on pages 7 to 24 form an integral part of these financial statements.
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Cadbury Nigeria plc published this content on 23 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2023 18:06:01 UTC.