Cadbury Nigeria Plc
Un-audited Interim Financial Information
for the Nine Months Ended 30 September 2022
Cadbury Nigeria Plc | |
Un-audited Interim Financial Information | |
for the Nine Months ended 30 September 2022 | |
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 information | 7 |
1
Cadbury Nigeria Plc Un-auditedInterim Financial Information for the Nine Months ended 30 September 2022
Financial highlights
For the Nine Months Ended 30 September 2022
In thousands of naira
Un-audited | Un-audited | ||||
30 September | 30 September | ||||
2022 | 2021 | Change % | |||
Revenue | 42,540,017 | 30,047,055 | 42 | ||
Gross profit | 8,375,749 | 5,624,990 | 49 | ||
Results from operating activities | 3,311,646 | 1,828,676 | 81 | ||
Profit before tax | 4,023,809 | 2,161,925 | 86 | ||
Profit for the period | 2,816,666 | 1,513,348 | 86 | ||
Share capital | 939,101 | 939,101 | - | ||
Total equity | 15,512,508 | 14,724,794 | 5 | ||
Data per 50k share | |||||
Basic earnings per share | 149.97 | 80.57 | 86 | ||
Net asset per share | 826 | 784 | 5 |
2
Cadbury Nigeria Plc Un-auditedInterim Financial Information for the Nine Months ended 30 September 2022
Statement of financial position
As at 30 September 2022
In thousands of naira
Un-audited | Audited | |||
30 September | 31 December | |||
Note | 2022 | 2021 | ||
Assets | ||||
Non-current assets | ||||
Property, plant and equipment | 9 | 13,990,846 | 13,018,307 | |
Right-of-use assets | 18 | 16,045 | 21,331 | |
Intangible assets | 10 | 8,378 | 13,075 | |
Total non-current assets | 14,015,269 | 13,052,713 | ||
Current assets | ||||
Inventories | 11 | 11,544,479 | 8,100,730 | |
Trade and other receivables | 12 | 7,896,011 | 4,053,339 | |
Prepayments | 13 | 445,743 | 657,378 | |
Cash and cash equivalents | 14 | 23,841,634 | 17,824,131 | |
Total current assets | 43,727,867 | 30,635,578 | ||
Total assets | 57,743,136 | 43,688,291 | ||
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 | 153,220 | 153,220 | ||
Retained earnings | 10,711,495 | 8,835,341 | ||
Total equity | 15,512,508 | 13,636,354 | ||
Liabilities | ||||
Non-current liabilities | ||||
Borrowings | 19 | 7,095,498 | 6,596,083 | |
Deferred taxation | 758,240 | 758,240 | ||
Employee benefits | 767,289 | 668,017 | ||
Lease liabilities | 18 | 3,433 | 4,890 | |
Total non-current liabilities | 8,624,460 | 8,027,230 | ||
Current liabilities | ||||
Borrowings | 19 | 8,932,716 | 3,884,269 | |
Current tax liabilities | 8 | 1,209,297 | 110,296 | |
Trade and other payables | 16 | 23,462,298 | 18,030,034 | |
Lease liabilities | 18 | 1,857 | 108 | |
Total current liabilities | 33,606,168 | 22,024,707 | ||
Total liabilities | 42,230,628 | 30,051,937 | ||
Total equity and liabilities | 57,743,136 | 43,688,291 | ||
These financial statements were approved by the Board of Directors on 25 October 2022 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 25 form an integral part of these financial statements.
3
Cadbury Nigeria Plc
Un-audited Interim Financial Information for the Nine Months ended 30 September 2022
Statement of profit or loss and other comprehensive income | |||||||||
For the Nine Months Ended 30 September 2022 | |||||||||
In thousands of naira | |||||||||
Un-audited | Un-audited | Un-audited | Un-audited | ||||||
1 July-30 Sept | YTD 30 Sept | 1 July-30 Sept | YTD 30 Sept | ||||||
Note | 2022 | 2022 | 2021 | 2021 | |||||
CONTINUING OPERATIONS | 14,663,345 | 42,540,017 | 11,524,457 | 30,047,055 | |||||
Revenue | 5 | ||||||||
Cost of sales | (12,141,500) | (34,164,268) | (8,077,634) | (24,422,065) | |||||
Gross profit | |||||||||
2,521,845 | 8,375,749 | 3,446,823 | 5,624,990 | ||||||
Other income | 6 | 54,352 | 79,981 | 9,391 | 21,937 | ||||
Selling and distribution expenses | (1,608,528) | (4,050,697) | (1,112,754) | (3,381,828) | |||||
Administrative expenses | (504,389) | (1,093,387) | 95,168 | (436,423) | |||||
RESULTS FROM OPERATING ACTIVITIES | |||||||||
463,280 | 3,311,646 | 2,438,628 | 1,828,676 | ||||||
Net finance income | 7 | 215,117 | 712,163 | 239,464 | 333,249 | ||||
NET FINANCE INCOME | |||||||||
215,117 | 712,163 | 239,464 | 333,249 | ||||||
PROFIT BEFORE INCOME TAX | 678,397 | 4,023,809 | 2,678,092 | 2,161,925 | |||||
Income tax expense | 8 | (203,519) | (1,207,143) | (648,577) | (648,577) | ||||
PROFIT FOR THE PERIOD | |||||||||
474,877 | 2,816,666 | 2,029,515 | 1,513,348 | ||||||
OTHER COMPREHENSIVE INCOME | |||||||||
- | - | - | - | ||||||
TOTAL COMPREHENSIVE INCOME FOR THE | |||||||||
PERIOD | 474,877 | 2,816,666 | 2,029,515 | 1,513,348 | |||||
Basic earning per share (kobo) | 25.28 | 149.97 | 108.06 | 80.57 |
The accompanying notes on pages 7 to 25 form an integral part of these financial statements.
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Cadbury Nigeria plc published this content on 26 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2022 09:17:03 UTC.