NIGERIAN EXCHANGE : QUARTER 2 - FINANCIAL STATEMENT FOR 2022

Nigerian Exchange Group Plc

Unaudited Financial Statements for the period ended 30 June 2022

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Index to the consolidated and separate unaudited financial statements

For the period ended 30 June 2022

Table of Content	Pages
Corporate Information	1
Financial Statements
Consolidated and Separate Statement of Comprehensive Income	2
Consolidated and Separate Statement of Financial Position	3
Consolidated and Separate Statement of Changes in Equity	4
Consolidated and Separate Statement of Cash Flows	5
Notes to the consolidated and separate financial statements	6
Shareholding Structure/Free Float Status	15

Corporate information

Directors

	Otunba Abimbola Ogunbanjo	Chairman (Non-Executive Director)
	Mr. Oscar N. Onyema, OON	Group Managing Director/GCEO
	Mr. Apollos Ikpobe	Independent Non-Executive Director
	Dr. Okechukwu Itanyi	Independent Non-Executive Director
	Prof. Enase Okonedo	Independent Non-Executive Director
	Mrs. Ojinika Olaghere	Independent Non-Executive Director
	Mr. Oluwole Adeosun	Non-Executive Director
	Mr. Chidi Agbapu	Non-Executive Director
	Mr. Patrick Ajayi	Non-Executive Director
	Mrs. Fatimah Bintah Bello - Ismail	Non-Executive Director
	Dr. Umaru Kwairanga	Non-Executive Director
Company Secretary:	Mrs. Mojisola Adeola
	FRC/2013/NBA/00000004263
Registered Office:	Nigerian Exchange House
	2/4, Customs Street
	Marina
	Lagos
	FRC/2013/0000000000621
Independent Auditor:	KPMG Professional Services
	KPMG Tower
	Bishop Aboyade Cole street
	Victoria Island
	Lagos
	www.kpmg.com/ng
RC Number	RC 2321
Tax Identification Number (TIN)	00884470-0001

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statement of profit or loss and other comprehensive income For the six months ended 30 June 2022

			Group	Group	Group	Group		Company	Company	Company	Company
			Q2	Q2	June	June		Q2	Q2	June	June
In thousands of naira	Note		2022	2021	2022 Ytd	2021 Ytd		2022	2021	2022 Ytd	2021 Ytd
Revenue	1	2,146,707	1,037,048	3,823,254	1,590,257	1,907,199	2,019,875	2,420,268	2,091,158
Revenue		2,146,707	1,037,048	3,823,254	1,590,257	1,907,199	2,019,875	2,420,268	2,091,158
Other income	2	244,493	177,140	392,481	178,717	67,901	2,835	67,901	5,000
Other income		244,493	177,140	392,481	178,717	67,901	2,835	67,901	5,000
Total income		2,391,199	1,214,188	4,215,735	1,768,974	1,975,100	2,022,710	2,488,170	2,096,158
Personnel expense	3	(656,489)	(791,319)	(1,354,529)	(1,066,821)	(134,781)	(156,437)	(270,549)	(206,528)
Depreciation and Amortisation	13	(123,376)	(126,358)	(256,937)	(176,391)	(13,457)	(51,633)	(26,955)	(62,532)
Operating expenses	4	(1,318,470)	(561,228)	(2,331,066)	(702,943)	(868,972)	(333,294)	(1,638,133)	(373,240)
Total expenses		(2,098,335)	(1,478,905)	(3,942,532)	(1,946,155)	(1,017,210)	(541,364)	(1,935,637)	(642,300)
Operating Profit/(Loss)		292,864	(264,717)	273,203	(177,181)	957,890	1,481,346	552,533	1,453,856
Share of profit-equity accounted
investees		574,160	293,705	949,967	699,066	-	-	-	-
Profit/(Loss) before income tax		867,024	28,988	1,223,170	521,885	957,890	1,481,346	552,533	1,453,856
Income tax expense		(212,087)	-	(403,003)	(72,227)	-	-	-	-
Profit/(Loss) for the year		654,937	28,988	820,167	449,658	957,890	1,481,346	552,533	1,453,856

* The unaudited numbers for the company as at 30th June 2021 includes the figures for the Nigerian Stock Exchange (NSE) before the demutualisation

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Statement of financial position

As at 30 June 2022

		Group		Group		Company		Company
In thousands of naira	Notes	Jun-22		Dec-21		Jun-22		Dec-21
ASSETS
Cash and cash equivalents	6	4,299,810	2,248,237	2,700,782	1,097,731
Trade, other receivables	7	588,372	1,658,323	149,732	1,123,164
Intercompany receivables	8	-	-	981,963	909,121
Prepayment	9	793,963	460,577	323,720	267,822
Investment securities	10	1,985,086	3,986,512	1,985,086	1,946,975
Total current assets		7,667,232	8,353,649	6,141,283	5,344,813
Investment securities	10	13,845,698	10,373,491	10,213,985	10,373,490
Investment in associates	11	31,985,347	14,750,630	19,364,881	5,083,910
Investment in subsidiaries	12	-	-	3,738,111	3,738,111
Property, plant and equipment	13	3,750,886	4,209,295	272,456	296,147
Intangible assets	13	121,014	181,875	28,098	31,362
Total non current assets		49,702,946	29,515,290	33,617,531	19,523,021
Total assets		57,370,177	37,868,940	39,758,814	24,867,831
LIABILITIES	14	2,982,849	2,498,648	1,175,883	2,335,020
Other liabilities
Lease Liabilities	15	34,453	222,623	142,422	142,422
Current tax liabilities	16	227,067	224,725	5,744	24,896
Total current liabilities		3,244,369	2,945,996	1,324,049	2,502,337
Term Loan	14	14,524,258	-	14,524,258	-
Other Liabilities	14	399,103	-	1,395,225	-
Retirement benefit obligations	17	168,370	163,964	24,496	24,496
Provisions	18	-	405,744	-	402,743
Deferred tax liabilities	19	238,882	238,882	-	-
Total non current liabilities		15,330,613	808,590	15,943,978	427,239
Total liabilities		18,574,981	3,754,586	17,268,027	2,929,576
EQUITY
Share capital		991,070	982,058	991,070	982,058
Retained earnings		37,527,539	31,143,945	22,907,609	20,985,986
Other reserves		276,587	1,988,351	(1,407,892)	(29,789)
Total equity		38,795,196	34,114,354	22,490,787	21,938,255
Total equity and liabilities		57,370,177	37,868,940	39,758,814	24,867,831

The full financial statements were approved by the Board on 29 July, 2022 and signed on its behalf by:

Mr.	Mr. Cyril Eigbobo
FRC/2013/IODN/00000001802	FRC/2013/ICAN/00000001736
(Group Managing Director and CEO)	(Group Chief Financial Officer)

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