SMART PRODUCTS NIGERIA : UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024

SMART PRODUCTS NIGERIA PLC

MANAGEMENT ACCOUNT

FOR THE PERIOD ENDED 31ST MARCH 2024

SMART PRODUCTS NIGERIA PLC

STATEMENT OF FINANCIAL POSITION

FOR PERIOD ENDED 31ST MARCH 2024

	Mar-24	Mar-23
	₦	₦
Non current assets
Property plant and equipment	401,411		1,562,958.00
Investment property	145,954,519		137,622,462.00
Available for sale	1,627,756		697,604.00
Deferred tax asset	-		-
	147,983,686		139,883,024.00
Current assets
Loans and receiveable	15,324,205		27,177,853.00
Cash and cash equivalent	48,437,992		28,500,830.48
	63,762,197		55,678,683.48

Total assets	211,745,883	195,561,707.48
Non current liabilities
Deferred tax liability	2,410,487	2,410,487.00
Current liabilities
Trade and other payable	47,311,494	29,910,315.00
Deferred income	34,808,020	23,383,429.00
Current tax payable	1,646,438		43,465,091.00
	83,765,952		96,758,835.00
Total liabilities	86,176,439	99,169,322.00
Equity
Share capital	23,625,000	23,625,000.00
Share premium	26,920	26,920.00
Asset revaluation reserve	81,018,020	81,018,020.00
Retained earnings	20,899,504		(8,277,554.52)
	125,569,444		96,392,385.48
Total liabilities and equity	211,745,883	195,561,707.48
	-

SMART PRODUCTS NIGERIA PLC

STATEMENT OF INCOME

FOR PERIOD ENDED 31ST MARCH, 2024

	Mar-24	Mar-23
	₦	₦
Revenue	(14,045,066)	(8,460,115)
Other income	-		-
Total revenue	(14,045,066)	(8,460,115)
Personnel	4,163,409		2,199,915
Other operating expenses	8,211,921		7,036,629
Depreciation	-		-
Specific impairment allowance	-		-
(Profit) Loss before tax	(1,669,736)	776,429
Income tax expenses	-		-
Deferred tax expenses	-		-
(Profit) Loss after tax	(1,669,736)	776,429