TOTALENERGIES MARKETING NIGERIA : EARNINGFORCAST

TotalEnergies Marketing Nigeria Plc

FORECAST OF STATEMENT OF PROFIT OR LOSS

AND OTHER COMPREHENSIVE INCOME

FOR THE QUARTER ENDING DECEMBER 2023

	Oct to Dec
	N'000
Revenue	138,813,329
Cost of sales	(120,191,668)
Gross profit	18,621,661
Other Income	714,580
Selling and distribution costs	(1,645,904)
Administrative expenses	(13,248,725)
Operating Profit	4,441,613
Finance income	522,500
Finance costs	(2,653,600)
Net Finance (Cost)/Income	(2,131,100)
Profit before taxation	2,310,513
Income tax expense	(748,766)
Profit for the period	1,561,747

Seye Samba - Executive Director

FRC/2021/003/00000024858

TotalEnergies Marketing Nigeria Plc

FORECAST OF STATEMENT OF CASHFLOWS

FOR THE QUARTER ENDING DECEMBER 2023

	Oct to Dec
	N'000
Cash flows from operating activities
Cash receipts from customers	124,931,997
Cash paid to suppliers and employees	(108,172,502)
Cash generated from operations	16,759,495
Income taxes paid	-
Net cash provided by operating activities	16,759,495
Cash flows from investing activities
Purchase of fixed assets	(7,725,951)
Interest on loans and receivables	522,500
Proceeds from sale of Property, Plant and Equipments	119,930
Net cash provided by investing activities	(7,083,522)
Cash flows from financing activities
Interest paid on overdrafts	(2,653,600)
Borrowings Repaid	(38,910,417)
Dividends paid	(3,564,979)
Net cash provided by financing activities	(45,128,996)
Net (decrease)/increase in cash and cash equivalents	(35,453,022)
Cash and cash equivalents at 30th September	12,085,629
Cash and cash equivalents at 31st December	(23,367,393)

Operating cash flow before working capital change

2,978,559