EUNISELL INTERLINKED PLC

UNAUDITED ACCOUNTS FOR THE PERIOD ENDED

31ST MARCH, 2024

EUNISELL INTERLINKED PLC

UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR 3RD QUARTER ENDED 31ST MARCH, 2024

(Figures in ₦'000)

3 months

3 months

9 months

9 months

Jan - March 2024

Jan - March 2023 July 2023 - March 2024

July 2022 - March 2023

₦'000

₦'000

₦'000

₦'000

REVENUE

247,500

23,055

339,311

206,444

64%

COST OF SALES

(148,507)

(12,592)

(195,001)

(137,297)

42%

GROSS PROFIT

98,993

10,463

144,310

69,147

109%

OPERATING EXPENSES

(23,493)

(17,244)

(65,164)

(51,267)

27%

OTHER INCOME

-

-

-

PROFIT/(LOSS)FROM OPERATIONS

75,500

(6,781)

79,146

17,880

343%

FINANCE COST

(5,008)

(5,611)

(15,865)

(14,766)

7%

PROFIT BEFORE TAX

70,492

(12,392)

63,281

3,114

1932%

TAXATION

-

-

-

PROFIT/(LOSS) FOR THE PERIOD

70,492

(12,392)

63,281

3,114

1932%

OTHER COMPREHENSIVE INCOME

GAINS/LOSS ON PROPERTY REVALUATION

EXCHANGE DIFF. FROM TRANSLATION OF FOREIGN ENTITY'S F/S

GAINS/LOSS FROM VALUATION OF EQUITY INVESTMENT INSTRUMENT

MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

Total Comprehensive Income for the Year

70,492

(12,392)

63,281

3,114

1932%

EUNISELL INTERLINKED PLC

UNAUDITED STATEMENT OF FINANCIAL POSITION

AS AT 31ST MARCH, 2024

(Figures in N'000)

NOTES

Unaudited

Audited

31 MARCH 2024

30 JUNE 2023

Assets:

₦'000

₦'000

Non-Current Assets:

Property, Plant and equipment

1

14,602

13,607

Current Assets:

Inventories

323,687

367,036

Trade Receivables/Prepayment

2

293,033

253,832

Cash and Cash Equivalents

1,645

1,378

618,365

622,246

Total Assets

632,967

635,854

Equity and Liabilities

Equity

Share capital

318,350

118,350

Retained earnings

(97,460)

(154,989)

Other Components of Equity

3

232,440

232,440

Total Equity

453,330

195,801

Non-Current Liabilities

Deferred Tax

1,780

2,288

Current Liabilities

Trade and other Payables

4

27,458

128,568

Current income tax liabilities

1,780

1,780

Short-term Borrowings

148,618

107,416

Deposit for shares

200,000

177,856

437,764

Total Equity and Liabilities

632,967

635,854

Chika Ikenga

Chris Okoro

Victoria Adeku

Chairman

MD/CEO

Chief Financial Officer

FRC/2023/PRO/DIR/003/815560

FRC/2019/002/0000074

FRC/2023/001/485227

Approved by the Board

29TH APRIL, 2024

STATEMENT OF CASH FLOWS

31ST DECEMBER, 2023

Unaudited

Audited

31 MARCH 2024

30 JUNE 2023

Notes

₦'000

₦'000

Cash from operating activities

Profit before income tax

70,492

9,232

Adjustments:

Interest income

-

-

Interest expense

5,008

19,528

Profit from asset disposal

-

-

Depreciation

999

3,992

Changes in working capital:

-

inventories

43,349

(49,016)

-

trade and other receivables

(39,201)

15,207

-

trade and other payables

(101,110)

5,899

Cash generated from operations

(20,463)

4,842

Interest income received

-

-

Interest expense paid

(5,008)

(19,528)

Income tax paid

(982)

VAT paid

(300)

-

Net cash from/ (used in) operating activities

(25,771)

(15,668)

Cash from investing activities

Purchase of property, plant and equipment

-

(238)

-

-

Proceeds from disposal of property, plant and

-

-

Net cash from/ (used in) investing activities

-

(238)

Cash from financing activities

Deposits for shares

Net proceeds / (repayment) on long term Net proceeds / (repayment) on short term Restricted cash

200,000

-

-

26,038

(183,300)

-

Net cash from/ (used in) financing activities

26,038

16,700

Net change in cash and cash equivalents

267

794

Cash and cash equivalents at beginning of the year

1,378

584

Cash and cash equivalents at end of the year

1,645

1,378

Represented By:

Cash and cash equivalents

1,645

1,378

STATEMENT OF CHANGE IN EQUITY

31ST MARCH, 2024

Balance as at 31st December, 2023

Profit for the period

Balance as at 31st March, 2024

-1

Share

Share

Other

Retained

Total

Capital

Premium

Reserves

Earnings

Equity

₦'000

₦'000

₦'000

₦'000

₦'000

318,350

229,351

3,089

(167,952)

382,838

-

-

-

70,492

70,492

318,350

229,351

3,089

(97,460)

453,330

EUNISELL INTERLINKED PLC

NOTES TO THE ACCOUNTS

1

PROPERTY, PLANT & EQUIPMENT

Leasehold

Motor

Plant &

Furniture &

Computer

Borehole

Total

Improvement

Vehicle

Machinery

Equipment

Equipment

Cost/Valuation:

₦'000

₦'000

₦'000

₦'000

₦'000

₦'000

₦'000

Cost:

At Dec 31, 2023

7,065

5,477

15,247

15,795

9,830

415

53,829

Additions

-

At March 31, 2024

7,065

5,477

15,247

15,795

9,830

415

53,829

Depreciation:

At Dec 31, 2023

5,316

2,314

9,387

13,987

6,891

333

37,229

Charge for the period

389

206

188

147

63

6

999

At March 31, 2024

5,705

2,520

9,575

14,134

6,954

339

39,227

Net Book Value:

At March 31, 2024

1,360

2,957

5,672

1,661

2,876

76

14,602

At March 31, 2023

2,527

3,575

5,979

1,933

2,895

9

16,918

Unaudited

Audited

Mar-24

Jun-23

₦'000

₦'000

2. Trade Receivables and Prepayments

Trade Receivables

152,268

131,737

Other Receivables

132,312

112,393

Prepayments

8,453

9,703

293,033

253,833

3. Other Components Of Equity

Share Premium

229,351

229,351

Revaluation Reserve

3,089

3,089

232,440

232,440

4. Trade Creditors and Accruals

Trade Payables

24,582

26,510

Sundry Payables

45,659

Other Payables & Accruals

2,876

64,581

27,458

Unaudited Mar-24

₦'000

136,750

Audited

Jun-23₦'000

5. Revenue

Power products

13,761

52,299

Oil & Gas

217,242

98,539

Electrical panels and accessories

14,131

80,123

Construction

2,366

46,153

247,500

277,114

5. Administrative Expenses

Employees Benefits

159

27,210

Professional fees

3,800

18,764

Audit fees

400

1,000

Repairs & Maintenance

441

5261

Other expenses

17,694

9,492

22,494

61,727

SECURITIES TRADING POLICY

In compliance with Rule 17.15 Disclosure of Dealings in Issuers' Shares, Rulebook of the Exchange 2015 (Issuers Rule)Eunisell Interlinked Plc maintains a Security Trading Policy which guides Directors, Audit Committee members, employees and all individuals categorized as insiders as to their dealing in the Company's shares. The Policy undergoes periodic reviews by the Board and is updated accordingly. The Company has made specific inquiries of all its directors and other insiders and is not aware of any infringement of the policy during the period under review.

EUNISELL INTERLINKED PLC

Hypothetical Case on Free Float Computation

Shareholding Structure/Free Float Status

30-Jun-23

30-Jun-22

Description

Unit

Percentage

Unit

Percentage

Issued Share Capital

236,700

100%

236,700

100%

Substantial Shareholdings (5% and above)

Boussole Intergrated Linmited

150,223

63.47%

150,223

63.47%

Total Substantial Shareholdings

150,223

63.47%

150,223

63.47%

Directors' Shareholdings (direct and indirect), excluding directors with substantial interests

Mr. Fabian Nnadozie

6,230

2.63%

6,230

2.63%

Mr. Chika Ikenga

3,480

1.47%

3,480

1.47%

Kayode Awobodu

1,249

0.53%

1,249

0.53%

Mr. Christopher Okoro

0

0.00%

0

0.00%

Mr. Surajudeen Baarabe Yakubu

0

0.00%

0

0.00%

Mr. Ajibola Edwards

0

0.00%

0

0.00%

Total Directors' Shareholdings

10,959

4.63%

10,959

4.63%

Other Influential Shareholdings

Abubakar Usman

1,531

0.65%

1,531

0.65%

Mr. Azih Oduche

1,165

0.49%

1,165

0.49%

Total Other Influential Shareholdings

1.14%

1.14%

Free Float in Units and Percentage

75,518

31.90%

75,518

31.90%

Free Float in Value

₦ 566,385.00

₦ 823,146.20

Declaration:

(A) Eunisell Interlinked Plc with a free float percentage of 31.90% as at 30 June 2023, is compliant with The Exchange's free float requirements for

(B) Eunisell Interlinked Plc with a free float value of N823,146.20 as at 30 June 2022, is compliant with The Exchange's free float requirements for

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Eunisell Interlinked plc published this content on 29 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2024 14:41:32 UTC.