PZ Cussons Nigeria : P Z CUSSONS NIGERIA PLC.- QUARTER 3 - FINANCIAL STATEMENT FOR 2022

PZ CUSSONS NIGERIA PLC

Q3, 2021/22 UNAUDITED FINANCIAL STATEMENTS

(9 MONTHS ENDED, 28TH FEBRUARY 2022)

PZ Cussons Nigeria Plc
Q3, 2021/22 unaudited financial statement(9 months ended 28 February 2022)
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

Q3, 2021/22 unaudited financial statement(9 months ended 28 February 2022)

Corporate information

Board of Directors

Mr. Gbenga Oyebode, MFR Mr. Paul Usoro, SAN

Mrs. Elizabeth Ebi

Mrs. Ifueko Marina Omogui Okauru, MFR Mr. Panagiotis Katsis

Ms. Joyce Folake Coker Mr. Zuber Momoniat

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

• - Chairman, Non - Executive Director

• - Non - Executive Director

• - Independent Non-Executive Director (Retired w.e.f 27th Jan.2022) Independent Non-Executive Director

• - Managing Director / Chief Executive Officer

• - Executive Director

• - Executive Director

PZ Cussons Nigeria Plc

Q3, 2021/22 unaudited financial statement(9 months ended 28 February 2022)

Financial highlights

Group

9 months
9 months Ended,	Ended, 28 Feb.
28 Feb. 2022	2021	% Change
₦'000	₦'000
Revenue	74,539,734	59,980,934	24
Operating profit/(loss)	210,900	(668,505)	132
Profit/(Loss) before taxation	6,312,249	1,504,889	319
Taxation	(671,120)	(488,306)	37
Profit/(Loss) after tax	5,641,128	1,016,583	455
Non-controlling interest	483,565	68,233	609
Profit attributable to equity holders of parent company	5,157,563	948,350	444
5,641,128	1,016,583	455
Share capital	1,985,238	1,985,238	-
Total equity	39,204,100	35,380,887	11
Data per 50k share
Based on 3,970,477,045 ordinary shares of 50k each:
Basic and diluted earnings per share (Naira)	142	26	455

PZ Cussons Nigeria Plc

Q3, 2021/22 unaudited financial statement(9 months ended 28 February 2022)

Statement of profit or loss and other comprehensive income

Revenue

Cost of sales

Gross profit

Selling and distribution expenses

Impairment of trade receivables

Administrative expenses

Exchange loss

Operating profit/(loss)

Other income

Interest income

Interest cost

Net interest cost

Profit/(Loss) before tax

Income tax expense

Profit/(Loss) for the year

Total comprehensive income/(expense) for the year

Equity holders of the parent company

Non-controlling interest

Basic and diluted earnings/(loss) per share (kobo)

Group
Quarter to
date 28 Feb	Year to date	date 28 Feb	Year to date
Note	2022	28 Feb 2022	2021	28 Feb 2021
₦'000	₦'000	₦'000	₦'000
27,451,891	74,539,734	22,601,507	59,980,934
(21,521,739)	(57,218,365)	(16,425,711)	(43,647,095)
5,930,152	17,321,369	6,175,797	16,333,839
(2,872,508)	(7,812,850)	(2,361,097)	(6,900,339)
(100,632)	(113,375)	(36,245)	(83,999)
(1,577,628)	(5,167,095)	(1,846,770)	(5,421,561)
(883,139)	(4,017,148)	(1,749,038)	(4,596,445)
496,245	210,900	182,647	(668,505)
18	2,587,543	5,687,955	260,867	2,089,125
-
235,791	420,879	43,842	153,638
(7,140)	(7,485)	(10,785)	(69,369)
228,651	413,393	33,056	84,269
3,312,439	6,312,249	1,717,247	1,504,889
(244,408)	(671,120)	(280,922)	(488,306)
3,068,031	5,641,128	1,436,325	1,016,583
3,068,031	5,641,128	1,436,325	1,016,583
2,968,905	5,157,563	97,403	948,350
99,126	483,565	98,246	68,233
3,068,031	5,641,128	195,649	1,016,583
77	142	36	26

Quarter to

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