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Nigerian S.E.
06:00:00 2024-06-12 pm EDT
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1st Jan Change
101.4
NGN
0.00%
0.00%
+0.05%
SFS Real Estate Investment Trust Fund : QUARTER 4 - FINANCIAL STATEMENT FOR 2022
January 31, 2023 at 02:08 am EST
SFS REAL ESTATE INVESTMENT TRUST FUND
STATEMENT TO THE NIGERIAN EXCHANGE GROUP AND THE SHAREHOLDERS
ON THE UNAUDITED IFRS RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2022
SFS REAL ESTATE INVESTMENT TRUST FUND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
CONTENT
PAGE
Statement of Comprehensive Income
3
Statement of Financial Position
4
Statement of Changes in Equity
5
Statement of Cash Flows
6
Notes to the Financial Statements
7
SFS REAL ESTATE INVESTMENT TRUST FUND
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 DECEMBER 2022
Dec-22
Dec-21
Notes
N'000
N'000
Total Income
2
247,785
232,623
Admin and Other Expenses
3
(60,931)
(72,106)
Net Income
186,854
160,517
Basic Earnings per Unit
9.34
8.03
The notes on page 7 form an integral part of these financial statements.
SFS REAL ESTATE INVESTMENT TRUST FUND STATEMENT OF FINANCIAL POSITION
FOR THE PERIOD ENDED 31 DECEMBER 2022
Assets
Investment property
4
Trading portfolio assets
5
Total Non Current Assets
Debtors and Other Assets
6
Cash and cash equivalents
Total Current Assets
Total Assets
Liabilities
Payables
Unclaimed Dividend
Deferred Income
Total Current Liabilities
Net Assets
Represented By:
Unitholders' Equity
Revenue Reserve
Unitholders' Equity
Dec-22
Dec-21
N'000
N'000
1,820,390
1,820,390
755,731
686,255
2,576,121
2,506,645
1,839
2,199
378,997
358,025
380,837
360,224
2,956,958
2,866,870
(196,189)
(23,953)
(388,565)
(348,512)
(95,249)
(90,304)
(680,003)
(462,769)
2,276,955
2,404,101
2,000,000
2,000,000
276,955
404,101
2,276,955
2,404,101
The financial statements has been approved and authorised for issue by the Board of Directors on January 20, 2023 and signed on its behalf by;
…………………………………………..
……………………………………..
…………………………………………..
PATRICK ILODIANYA
AKINYEMI GBENRO
DIMEJI SONOWO
MANAGING DIRECTOR
DIRECTOR
EXECUTIVE DIRECTOR
FRC/2013/ICAN/00000002177
FRC/2013/CIBN/00000002091
FRC/2013/ICAN/00000002089
The notes on page 7 form an integral part of these financial statements.
SFS REAL ESTATE INVESTMENT TRUST FUND
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2022
Share Capital
Retained Earnings
Total Equity
Balance as at January 1, 2021
2,000,000
405,584
2,405,584
Changes in Accounting Policy
-
-
Restated Balance
-
-
Changes in Equity for the Prior Year:
-
Dividend
-
(162,000)
(162,000)
Total Comprehensive Income
-
160,517
160,517
Write Back of over provision
-
Balance as at December 31, 2021
2,000,000
404,101
2,404,101
Changes in Equity Current year:
-
Dividend
-
(314,000)
(314,000)
Total Comprehensive Income
-
186,854
186,854
Balance as at December 31, 2022
2,000,000
276,955
2,276,955
The notes on page 7 form an integral part of these financial statements.
This is an excerpt of the original content. To continue reading it, access the original document here .
Disclaimer
Skye Shelter Fund published this content on 31 January 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 31 January 2023 07:07:32 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
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SFS Real Estate Investment Trust Fund is Real Estate Investment Trust (REIT) that specializes in owning and managing real estate assets (residential buildings, shopping centers, hotels, offices, warehouses, etc.) located in Nigeria.
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