TOTALENERGIES MARKETING NIGERIA : EARNINGS FORECAST

TotalEnergies Marketing Nigeria Plc

FORECAST OF STATEMENT OF PROFIT OR LOSS

AND OTHER COMPREHENSIVE INCOME

FOR THE QUARTER ENDING MARCH 2022

	Jan to Mar
	N'000
Revenue	68,655,257
Cost of sales	(56,109,693)
Gross profit	12,545,564
Other Income	706,927
Selling and distribution costs	(2,142,709)
Administrative expenses	(6,358,837)
Operating Profit	4,750,944
Finance income	7,584
Finance costs	(246,821)
Net Finance costs	(239,237)
Profit before taxation	4,511,708
Income tax expense	(1,462,106)
Profit for the period	3,049,602

Mrs. L. Baxter-Green - Executive Director

FRC/2020/003/00000020494

TotalEnergies Marketing Nigeria Plc

FORECAST OF STATEMENT OF CASHFLOWS

FOR THE QUARTER ENDING MARCH 2022

	Jan to Mar
	N'000
Cash flows from operating activities
Cash receipts from customers	67,282,152
Cash paid to suppliers and employees	(54,987,499)
Cash generated from operations	12,294,653
Income taxes paid
Net cash provided by operating activities	12,294,653
Cash flows from investing activities
Purchase of fixed assets	(2,800,000)
Interest on loans and receivables	7,584
Proceeds from sale of Property, Plant and Equipments	22,264
Net cash provided by investing activities	(2,770,152)
Cash flows from financing activities
Interest paid on overdrafts	(246,821)
Borrowings Repaid	(10,918,657)
Dividends paid	(775,371)
Net cash provided by financing activities	(11,940,849)
Net (decrease)/increase in cash and cash equivalents	(2,416,348)
Cash and cash equivalents at 31st Dec	21,720,469
Cash and cash equivalents at 31st March	19,304,121

Operating cash flow before working capital change

3,222,752