Japaul Gold & Ventures : AND VENTURES PLC- QUARTER 2 - FINANCIAL STATEMENT FOR 2022

JAPAUL GOLD AND VENTURES PLC

UNAUDITED MANAGEMENT ACCOUNT

30TH JUNE, 2022

				JAPAUL GROUP
			STATEMENT OF COMPREHENSIVE INCOME
				FOR THE PERIOD ENDED JUNE 2022
		Apr. - Jun.		Jan. - Jun.		Apr. - Jun.	Jan. - Jun.
		2022	2022	2021			2021
	NOTE	N'000		N'000		N'000	N'000
Turnover	2	35,394	112,461	104,219			313,622
Cost of sales		(124,854)		(183,612)		(101,234)			(221,867)
Gross profit		(89,460)	(71,152)	2,985			91,756
Other income	3	57,371	68,121	-			59,799
Administrative cost		(198,017)		(422,932)		(298,335)			(408,365)
Operating (loss)/profit		(230,106)	(425,963)	(295,349)			(256,810)
Net finance costs		(494)	(669)	(297)			(730)
Loss before taxation		(230,600)	(426,632)	(295,647)			(257,540)
Income tax expense		-	-	-			-
Loss for the year from continued
operations		(230,600)	(426,632)	(295,647)			(257,540)
Discontinued operation
Other comprehensive income/(loss)
Items that will not be reclassified
subsequently to profit or loss
Exchange difference		-	-	-			-
Items that may be reclassified
subsequently to profit or loss
Actuarial (loss)/gain on defined benefit
pension plan		-	-	-			-
Fair value loss on available for sale assets		-		-		-			-
Total comprehensive profit/(loss)		(230,600)	(426,632)	(295,647)			(257,540)

9				STATEMENT OF CHANGES IN EQUITY AS AT 30TH JUNE 2022
	Issued				AFS fair	Foreign	Non-
	share	Share	Loss	Remeasurement	value	exchange	controlling	Total equity
	capital	premium	sustained	reserve	reserve	reserve	interest
	N'000	N'000	N'000	N'000	N'000	N'000	N'000	N'000
At 1 January 2022 3,131,351	16,440,679	(19,854,250)	(195)	-	-	-	(282,415)
Loss for the period		(426,632)		-	-	-	(426,632)
								-
	3,131,351	16,440,679	(20,280,882)	(195)	-	-	-	(709,047)

STATEMENT OF CHANGES IN EQUITY AS AT 30TH JUNE 2021
	Issued				AFS fair	Foreign	Non-
	share	Share	Loss	Remeasurement	value	exchange	controlling	Total equity
	capital	premium	sustained	reserve	reserve	reserve	interest
	N'000	N'000	N'000	N'000	N'000	N'000	N'000	N'000
At 1 January 2021 3,131,351	16,440,679	(16,085,591)	(195)	8,610	(669,667)	-	2,825,187
(Loss)/Profit for the
period		(257,540)		6,689	-	-	(250,851)
Derecognition of
AFS fair value
reserve				(15,299)			(15,299)
								-
3,131,351	16,440,679	(16,343,131)	(195)	-	(669,667)	-	2,559,037

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR PERIOD 30 JUNE 2022

	Jun-22		Jun-21
OPERATING ACTIVITIES	N'000		N'000
Cash flows from operating activities
Cash receipts from customers	402,295	445,012
Payment to suppliers and employees	(569,326)		(142,712)
Cash generated from operations	(167,031)	302,300
Payment for employee benefit obligations	-	-
Current income tax paid	(5,800)	-
Net cash from operating activities	(172,831)		302,300
Cash flows from investing activities
Purchase of property, plant and equipment	(78,204)	-
Proceed on disposal of property, plant & equipment	290,300	-
Proceed on disposal of subsidiary	-	-
Interest received	3,692		23
Net cash from/(used) in investing activities	215,789	23
Cash flows from financing activities
Restructioning cost capitalised	-	-
Repayment of term loans	-	-
Procceds of finance lease facility obtained	-	-
Repayment of finance lease facility	-	-
Interest paid	(669)		(730)
Net cash from/(used in) financing activities	(669)		(730)
Net increase/(decrease) in cash and cash equivalents	42,289	301,593
Cash and cash equivalents at 1 January	17,287	(125,402)
Effect of foiegn exchange on foreign operation	-		-
Cash and cash equivalents at 30 June	59,576	176,191