PZ Cussons Nigeria : P Z CUSSONS NIGERIA PLC.- QUARTER 2 - FINANCIAL STATEMENT FOR 2022

PZ CUSSONS NIGERIA PLC

Q2, 2021/22 UNAUDITED FINANCIAL STATEMENTS

(6 MONTHS ENDED, 30TH NOVEMBER 2021)

PZ Cussons Nigeria Plc

Q2, 2021/22 unaudited financial statement(6 months ended 30 November 2021)

Contents	Pages
Corporate information	1
Financial highlights	2
Consolidated statement of comprehensive income(Group)	3
Consolidated statement of comprehensive income(Group)	4
Consolidated statement of financial position	5
Statement of changes in equity	6-7
Statement of cash flows	8
Notes to the consolidated financial statements	9-19

PZ Cussons Nigeria Plc

Q2, 2021/22 unaudited financial statement(6 months ended 30 November 2021)

Corporate information
Board of Directors
Mr. Gbenga Oyebode, MFR	-	Chairman, Non - Executive Director
Mr. P. Usoro, SAN	-	Non - Executive Director
Mrs. E. Ebi	-	Independent Non-Executive Director
Mrs. Ifueko M. Omogui Okauru, MFR		Independent Non-Executive Director
Mr. Panagiotis Katsis	- Managing Director / Chief Executive Officer
Ms. J. Coker	-	Executive Director
Mr. Zuber Momoniat	-	Executive Director

Company Secretary / Legal Adviser

Mrs Jacqueline Ezeokwelume

Registered Office

45/47 Town Planning Way

Ilupeju Industrial Estate

P.M.B. 21132

Ikeja

Registration Number

RC 693

Registrars

First Registrars and Investors Service Limited

Plot 2, Abebe Village Road

Iganmu Complex

P.M.B. 12692

Lagos.

Independent Auditors

Deloitte & Touche (Chartered Accountants)

Civic Towers,

Plot GA1, Ozumba Mbadiwe Avenue

Victoria Island, Lagos, Nigeria

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PZ Cussons Nigeria Plc

Q2, 2021/22 unaudited financial statement(6 months ended 30 November 2021)

Financial highlights
	Group
		6 months
	6 months Ended,	Ended, 30 Nov.
	30 Nov. 2021	2020	% Change
	₦'000	₦'000
Revenue	47,087,843	37,379,426	26
Operating profit/(loss)	(285,345)	(851,152)	66
Profit/(Loss) before taxation	2,999,810	1,028,318	192
Taxation	(426,713)	(207,384)	106
Profit/(Loss) after tax	2,573,097	820,934	213
Non-controlling interest	384,438	(30,013)	1,381
Profit attributable to equity holders of parent company	2,188,659	850,947	157
Share capital	1,985,238	1,985,238	-
Total equity	37,128,688	35,380,887	5
Data per 50k share
Based on 3,970,477,045 ordinary shares of 50k each:
Basic and diluted earnings per share (Naira)	65	21	213

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PZ Cussons Nigeria Plc

Q2, 2021/22 unaudited financial statement(6 months ended 30 November 2021)

Statement of profit or loss and other comprehensive income

			Group
		date 30th Nov	Year to date	date 30th Nov	Year to date
	Note	2021	30th Nov 2021	2020	30th Nov 2020
		₦'000	₦'000	₦'000	₦'000
Revenue		24,883,552	47,087,843	18,679,406	37,379,426
Cost of sales		(19,180,405)	(35,696,626)	(13,412,489)	(27,221,384)
Gross profit		5,703,146	11,391,217	5,266,917	10,158,042
Selling and distribution expenses		(2,582,436)	(4,940,342)	(2,191,959)	(4,539,242)
Impairment of trade receivables		(2,566)	(12,743)	(31,705)	(47,754)
Administrative expenses		(1,775,302)	(3,589,467)	(1,802,442)	(3,574,790)
Exchange loss		(1,878,809)	(3,134,009)	(1,795,261)	(2,847,408)
Operating profit/(loss)		(535,967)	(285,345)	(554,449)	(851,152)
Other income	18	3,051,194	3,100,412	1,785,500	1,828,257
				-
Interest income		86,531	185,087	52,177	109,796
Interest cost		(330)	(345)	(42,553)	(58,584)
Net interest cost		86,200	184,742	9,625	51,213
Profit/(Loss) before tax		2,601,428	2,999,810	1,240,676	1,028,318
Income tax expense		(259,422)	(426,713)	(207,384)	(207,384)
Profit/(Loss) for the year		2,342,007	2,573,097	1,033,292	820,934
Total comprehensive income/(expense) for the year	2,342,007	2,573,097	1,033,292	820,934
Equity holders of the parent company	2,108,891	2,188,659	1,156,756	850,947
Non-controlling interest		233,115	384,438	(123,464)	(30,013)
		2,342,007	2,573,097	1,033,292	820,934
Basic and diluted earnings/(loss)	per share (kobo)	59	65	26	21

The accompanying notes on pages 9 to 19 form an integral part of these financial statements.

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