MTN Nigeria Communications Plc
Unaudited condensed consolidated and separate financial statements
for the six months period ended 30 June 2023
MTN Nigeria Communications Plc
Unaudited condensed consolidated and separate financial statements for the six months period ended 30 June 2023
Contents
Page | |
Financial highlights | 2 |
Condensed consolidated and separate statement of profit or loss | 3 |
Condensed consolidated and separate statement of other comprehensive income | 4 |
Condensed consolidated and separate statement of financial position | 5 |
Condensed consolidated and separate statement of changes in equity | 6 |
Condensed consolidated and separate statement of cash flows | 7 |
Notes to the condensed consolidated and separate financial statements | 8 - 40 |
1
MTN Nigeria Communications Plc
Unaudited condensed consolidated and separate financial statements for the six months period ended 30 June 2023
Financial highlights
6 months | 6 months | % Change | |||
ended 30 | ended 30 | ||||
In millions of Nigerian Naira | Notes | June 2023 | June 2022 | ||
Revenue | 6 | 1,158,739 | 950,086 | 21.96 | |
Operating profit | 421,575 | 352,312 | 19.66 | ||
Profit before taxation | 200,391 | 268,635 | (25.40) | ||
Profit for the period attributable to the owners of the company | 128,593 | 181,940 | (29.32) | ||
Basic and diluted earnings per share (N) | 36 | 6.33 | 8.95 | (29.32) | |
As at 30 | As at 31 | % Change | |||
June 2023 | December | ||||
2022 | |||||
Share capital | 407 | 407 | - | ||
Total equity attributable to the owners of the company | 258,277 | 334,237 | (22.73) | ||
Net assets per share (N) | 12.71 | 16.44 | (22.73) | ||
Stock exchange information | |||||
Market price per share as at period end (N) | 273.40 | 215.00 | 27.16 | ||
Market capitalisation as at period end (N'million) | 5,565,057 | 4,376,325 | 27.16 | ||
Number of shares issued and fully paid as at period end (millions) | 20,355 | 20,355 | - | ||
The financial highlights reflect Group numbers only. |
2
MTN Nigeria Communications Plc
Unaudited condensed consolidated and separate financial statements for the six months period ended 30 June 2023
Condensed consolidated and separate statement of profit or loss
Group | Company |
In millions of Nigerian Naira
Revenue
Direct network operating costs
Value added services costs
Costs of SIM starter packs, handsets and accessories Interconnect costs
Roaming costs
Transmission costs
Discounts and commissions
Advertisements, sponsorships and sales promotions Employee costs
Other operating expenses
Depreciation of property and equipment Depreciation of right of use assets Amortisation of intangible assets
Operating profit
Finance income
Finance costs
Profit before taxation
Taxation
Profit for the period
Profit attributable to:
Owners of the company
Non-controlling interest
Earnings per share
Basic/diluted to the owners of the company (N)
6 months | 6 months | 3 months | 3 months | 6 months | 6 months | 3 months | 3 months | |
ended 30 | ended 30 | ended 30 | ended 30 | ended 30 | ended 30 | ended 30 | ended 30 | |
Notes | June 2023 | June 2022 | June 2023 | June 2022 | June 2023 | June 2022 | June 2023 | June 2022 |
6 | 1,158,739 | 950,086 | 590,605 | 479,103 | 1,158,273 | 949,637 | 590,597 | 478,947 |
10 | (276,958) | (215,810) | (140,313) | (108,534) | (276,812) | (215,810) | (140,244) | (108,534) |
(11,036) | (11,078) | (5,148) | (5,365) | (11,036) | (11,078) | (5,148) | (5,365) | |
(12,983) | (9,845) | (6,672) | (5,868) | (12,983) | (9,845) | (6,672) | (5,868) | |
(76,964) | (71,131) | (39,790) | (35,592) | (76,964) | (71,131) | (39,790) | (35,592) | |
(3,873) | (2,934) | (2,342) | (1,719) | (3,873) | (2,934) | (2,342) | (1,719) | |
(4,842) | (3,806) | (2,755) | (1,799) | (4,842) | (3,806) | (2,755) | (1,799) | |
(55,374) | (44,894) | (28,595) | (23,104) | (53,325) | (43,875) | (27,584) | (22,551) | |
(19,417) | (14,216) | (10,050) | (8,265) | (12,646) | (11,665) | (5,926) | (5,939) | |
9 | (28,471) | (22,150) | (16,370) | (11,154) | (26,232) | (21,710) | (15,380) | (10,928) |
11 | (54,371) | (44,905) | (26,765) | (25,534) | (63,163) | (42,335) | (26,382) | (24,159) |
13 | (98,409) | (82,913) | (48,633) | (41,932) | (98,409) | (82,913) | (48,633) | (41,932) |
14 | (57,845) | (49,815) | (28,798) | (25,250) | (57,845) | (49,815) | (28,798) | (25,250) |
15 | (36,621) | (24,277) | (19,416) | (12,003) | (33,962) | (21,617) | (18,086) | (10,672) |
421,575 | 352,312 | 214,958 | 172,984 | 426,181 | 361,103 | 222,857 | 178,639 | |
7 | 16,392 | 7,066 | 11,708 | 2,660 | 15,668 | 6,957 | 11,430 | 2,595 |
8 | (237,576) | (90,743) | (182,054) | (50,602) | (237,576) | (90,743) | (182,054) | (50,602) |
200,391 | 268,635 | 44,612 | 125,042 | 204,273 | 277,317 | 52,233 | 130,632 | |
12 | (71,703) | (87,006) | (17,223) | (40,237) | (72,828) | (89,478) | (19,663) | (41,780) |
128,688 | 181,629 | 27,389 | 84,805 | 131,445 | 187,839 | 32,570 | 88,852 | |
128,593 | 181,940 | 28,106 | 85,116 | 131,445 | 187,839 | 32,570 | 88,852 | |
95 | (311) | (717) | (311) | - | - | - | - | |
128,688 | 181,629 | 27,389 | 84,805 | 131,445 | 187,839 | 32,570 | 88,852 | |
36 | 6.33 | 8.95 | 1.38 | 4.19 | 6.47 | 9.24 | 1.60 | 4.37 |
·
MTN Nigeria Communications Plc
Unaudited condensed consolidated and separate financial statements for the six months period ended 30 June 2023
Condensed consolidated and separate statement of other comprehensive income
Group | Company |
In millions of Nigerian Naira
Profit for the period
Items that may be reclassified to profit or loss
Fair valuation (loss)/gain on investments designated at
FVOCI*
Other comprehensive (loss)/income for the period net of taxation Total comprehensive income for the period
Attributable to:
Owners of the company
Non-controlling interest
6 months | 6 months | 3 months | 3 months | 6 months | 6 months | 3 months | 3 months |
ended 30 | ended 30 | ended 30 | ended 30 | ended 30 | ended 30 | ended 30 | ended 30 |
June 2023 | June 2022 | June 2023 | June 2022 | June 2023 | June 2022 | June 2023 | June 2022 |
128,688 | 181,629 | 27,389 | 84,805 | 131,445 | 187,839 | 32,570 | 88,852 |
(1,179) | (111) | 16 | (155) | (1,179) | (111) | 16 | (155) |
(1,179) | (111) | 16 | (155) | (1,179) | (111) | 16 | (155) |
127,509 | 181,518 | 27,405 | 84,650 | 130,266 | 187,728 | 32,586 | 88,697 |
127,414 | 181,829 | 28,122 | 84,961 | 130,266 | 187,728 | 32,586 | 88,697 |
95 | (311) | (717) | (311) | - | - | - | - |
127,509 | 181,518 | 27,405 | 84,650 | 130,266 | 187,728 | 32,586 | 88,697 |
*Fair valuation loss/gain on investments designated at fair value through other comprehensive income (FVOCI) is recognised on Federal Government treasury bills and bonds investments net of tax except for Federal Government bonds.
The accompanying notes are an integral part of these condensed consolidated financial statements.
¸
Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
MTN Nigeria Communications Limited published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 16:19:48 UTC.