TOTALENERGIES MARKETING NIGERIA : EARNINGS FORECAST

TotalEnergies Marketing Nigeria Plc

FORECAST OF STATEMENT OF PROFIT OR LOSS

AND OTHER COMPREHENSIVE INCOME

FOR THE QUARTER ENDING JUNE 2022

	Apr to Jun
	N'000
Revenue	74,308,477
Cost of sales	(59,315,302)
Gross profit	14,993,175
Other Income	688,588
Selling and distribution costs	(2,785,380)
Administrative expenses	(8,331,927)
Operating Profit	4,564,455
Finance income	600,000
Finance costs	(420,000)
Net Finance (Cost)/Income	180,000
Profit before taxation	4,744,455
Income tax expense	(1,537,532)
Profit for the period	3,206,923

Mrs. L. Baxter-Green - Executive Director

FRC/2020/003/00000020494

TotalEnergies Marketing Nigeria Plc

FORECAST OF STATEMENT OF CASHFLOWS

FOR THE QUARTER ENDING JUNE 2022

	Apr to Jun
	N'000
Cash flows from operating activities
Cash receipts from customers	72,822,308
Cash paid to suppliers and employees	(59,315,302)
Cash generated from operations	13,507,005
Income taxes paid	(6,851,807)
Net cash provided by operating activities	6,655,199
Cash flows from investing activities
Purchase of fixed assets	(3,010,000)
Interest on loans and receivables	600,000
Proceeds from sale of Property, Plant and Equipments	22,264
Net cash provided by investing activities	(2,387,736)
Cash flows from financing activities
Interest paid on overdrafts	(420,000)
Borrowings	2,659,750
Dividends paid	(775,371)
Net cash provided by financing activities	1,464,379
Net (decrease)/increase in cash and cash equivalents	5,731,842
Cash and cash equivalents at 31st March	19,304,121
Cash and cash equivalents at 30th June	25,035,963

Operating cash flow before working capital change

3,036,263