NIGERIAN EXCHANGE : QUARTER 1 UNAUDITED FINANCIAL STATEMENT FOR 2022

Nigerian Exchange Group Plc

Unaudited Financial Statements for the period ended 31 March 2022

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Index to the consolidated and separate unaudited financial statements
For the period ended 31 March 2022
Table of Content	Pages
Corporate Information	1
Financial Statements
Consolidated and Separate Statement of Comprehensive Income
129
Consolidated and Separate Statement of Financial Position
231
Consolidated and Separate Statement of Changes in Equity
145
Consolidated and Separate Statement of Cash Flows	5
Notes to the consolidated and separate financial statements	6

Corporate information

DirectorsCompany Secretary:Registered Office:Independent Auditor:RC Number

Tax Identification Number (TIN)

Otunba Abimbola Ogunbanjo Mr. Oscar N. Onyema, OON Mr. Apollos Ikpobe

Dr. Okechukwu Itanyi Prof. Enase Okonedo Mrs. Ojinika Olaghere Mr. Oluwole Adeosun Mr. Chidi Agbapu Mr. Patrick Ajayi

Mrs. Fatimah Bintah Bello - Ismail Dr. Umaru Kwairanga

Mrs. Mojisola Adeola FRC/2013/NBA/00000004263

Nigerian Exchange House 2/4, Customs Street Marina

Lagos FRC/2013/0000000000621

KPMG Professional Services KPMG Tower

Bishop Aboyade Cole street Victoria Island

Lagoswww.kpmg.com/ng

Chairman (Non-Executive Director) Group Managing Director/GCEO Independent Non-Executive Director

Independent Non-Executive Director Independent Non-Executive Director Independent Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director

RC 2321 00884470-0001

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statement of comprehensive income For the Three months ended 31 March 2022

Group	Group	Company	Company
March	March	March	March
Note	2022 Ytd	2021 Ytd	2022 Ytd	2021 Ytd
In thousands of naira
Revenue	1	1,676,547	1,343,346	513,070	1,343,319
Revenue	1,676,547	1,343,346	513,070	1,343,319
Other income	2	147,988	169,936	-	135,390
Other income	147,988	169,936	-	135,390
Total income	1,824,536	1,513,282	513,070	1,478,709
Impairment loss on asset
Personnel expense	3	(698,041)	(767,370)	(135,767)	(767,370)
Depreciation and Amortisation	14	(133,561)	(74,792)	(13,498)	(78,715)
Operating expenses	4	(1,029,525)	(273,280)	(769,161)	(280,646)
Total expenses	(1,861,126)	(1,115,442)	(918,427)	(1,126,731)
Operating Profit/(Loss)	(36,591)	397,838	(405,357)	351,977
Share of profit-equity accounted
investees	375,807	405,362	-	-
Profit/(Loss) before minimum tax	339,216	803,200	(405,357)	351,977
Minimum tax
Profit/(Loss) before income tax	339,216	803,200	(405,357)	351,977
Income tax expense	(190,916)	-	-	-
Profit/(Loss) for the year	148,300	803,200	(405,357)	351,977
2	-5

Earnings per share (Annualised, Kobo)

**Q1 2021 includes figures for the Nigerian Stock Exchange prior to its Demutualization

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Statement of financial position

As at 31 Mar 2022

Group	Group	Company	Company
Mar-22	Dec-21	Mar-22	Dec-21
In thousands of naira	Notes
ASSETS
Cash and cash equivalents	6	13,626,264	2,248,237	12,601,761	1,097,731
Trade, other receivables	7	455,653	1,658,323	149,732	1,123,164
Intercompany receivables	8	-	-	986,330	909,121
Prepayment	9	761,007	460,577	269,654	267,822
Investment securities	10	2,485,407	3,986,512	2,458,644	1,946,975
Total current assets	17,328,331	8,353,649	16,466,122	5,344,813
Investment securities	10	11,019,972	10,373,491	9,978,502	10,373,490
Investment in associates	11	17,294,356	14,750,630	5,248,050	5,083,910
Deposit for strategic investment	12	14,116,831	-	14,116,831	-
Investment in subsidiaries	13	-	-	3,738,111	3,738,111
Property, plant and equipment	14	3,863,669	4,209,295	284,282	296,147
Intangible assets	14	152,797	181,875	29,730	31,362
Total non current assets	46,447,625	29,515,290	33,395,505	19,523,021
Total assets	63,775,956	37,868,940	49,861,626	24,867,831
LIABILITIES
Other liabilities	15	2,958,791	2,498,648	2,213,338	2,335,020
Lease Liabilities	16	34,172	222,623	142,422	142,422
Current tax liabilities	17	190,916	224,725	24,896	24,896
Retirement benefit obligations	18	-	-	-	-
Total current liabilities	3,183,879	2,945,996	2,380,656	2,502,337
Term Loan	15	25,520,833	-	25,520,833	-
Retirement benefit obligations	18	163,964	163,964	24,496	24,496
Provisions	19	405,744	405,744	402,744	402,743
Deferred tax liabilities	20	238,882	238,882	-	-
Total non current liabilities	26,329,423	808,590	25,948,072	427,239
Total liabilities	29,513,303	3,754,586	28,328,729	2,929,576
EQUITY
Share capital	991,070	982,058	991,070	982,058
Retained earnings	31,283,233	31,143,945	20,580,629	20,985,986
Other reserves	1,988,351	1,988,351	(38,801)	(29,789)
Total equity	34,262,654	34,114,354	21,532,898	21,938,255
Total equity and liabilities	63,775,956	37,868,940	49,861,626	24,867,831
*Exchange denotes the (Former) NSE

The financial statements were approved by the Board on 27 April 2022 and signed on its behalf by:

Mr. Oscar N. Onyema, OON FRC/2013/IODN/00000001802 (Group Managing Director and CEO)

Mr. Cyril Eigbobo FRC/2013/ICAN/00000001736 (Group Chief Financial Officer)

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