TOTALENERGIES MARKETING NIGERIA PLC
UNAUDITED FINANCIAL STATEMENTS
MARCH 2023
Contents | Page |
Results at a glance | 1 |
Statement of financial position | 2 |
Statement of profit or loss and other comprehensive income | 3 |
Statement of changes in equity | 4 |
Statement of cash flows | 5 |
Notes to the financial statements | 6 |
TOTALENERGIES MARKETING NIGERIA PLC
RESULTS AT A GLANCE | ||||||
FOR THE PERIOD ENDED | 31 March | 31 March | ||||
2023 | 2022 | Change | ||||
₦'000 | ₦'000 | % | ||||
Revenue | 135,277,607 | 97,609,062 | 39 | |||
Profit before income taxation | 6,423,965 | 6,553,068 | (2) | |||
Profit for the period | 4,162,848 | 4,365,687 | (5) | |||
Total comprehensive income for the period | 4,162,848 | 4,365,687 | (5) | |||
Share capital | 169,761 | 169,761 | - | |||
Shareholders' funds | 47,319,699 | 32,609,547 | 45 | |||
31 March | 31 March | |||||
2023 | 2022 | Change | ||||
PER SHARE DATA: | % | |||||
Based on 339,521,837 ordinary | ||||||
shares of 50 kobo each: | ||||||
Earnings per 50 kobo share (Naira) - basic | 12.26 | 12.86 | (5) | |||
Stock exchange quotation (Naira) | 218.80 | 264.90 | (17) | |||
Number of staff | 428 | 438 | (2) |
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TOTALENERGIES MARKETING NIGERIA PLC
STATEMENT OF FINANCIAL POSITION
AS AT
Notes
Non-current assets
Property, plant and equipment | 16 |
Right-of-use assets | 17 (i) |
Intangible assets | 15 |
Trade and other receivables | 19.1 |
Total non-current assets | |
Current Assets | |
Inventories | 18 |
Witholding tax receivables | 11.2.1 |
Trade and other receivables | 19 |
Prepayments | 20 |
Cash and cash equivalents | 27 |
Total current assets | |
Total assets | |
Equity | |
Share capital | 26 |
Retained earnings | |
Total equity | |
Non-current liabilities | |
Deferred tax liabilities | 11.3 |
Lease liabilities | 22 |
Employee benefits | 12 |
Total non-current liabilities | |
Current liabilities | |
Current tax liabilities | 11.2 |
Loans and borrowings | 21 |
Trade and other payables | 24 |
Deferred income | 25 |
Lease liabilities | 22 |
Total current liabilities
Total liabilities
Total equity and liabilities
31 March | 31 December | |
2023 | 2022 | |
₦'000 | ₦'000 |
41,188,145 | 41,866,105 | |
7,468,418 | 7,938,283 | |
186,507 | 191,875 | |
3,883,905 | 1,985,733 | |
52,726,975 | 51,981,996 | |
62,442,266 | 59,275,749 | |
994,500 | 984,265 | |
112,609,175 | 111,391,821 | |
2,185,106 | 1,457,577 | |
55,098,867 | 82,724,315 | |
233,329,914 | 255,833,727 | |
286,056,889 | 307,815,723 | |
169,761 | 169,761 | |
47,149,938 | 50,117,049 | |
47,319,699 | 50,286,810 | |
7,011,786 | 7,655,848 | |
203,989 | 361,427 | |
1,635,932 | 1,551,290 | |
8,851,707 | 9,568,565 | |
9,194,831 | 6,351,740 | |
52,646,884 | 47,741,972 | |
164,352,167 | 190,091,170 | |
3,481,287 | 3,402,832 | |
210,314 | 372,634 | |
229,885,483 | 247,960,348 | |
238,737,190 | 257,528,913 | |
286,056,889 | 307,815,723 | |
These financial statements were approved and authorised for issue by the Board of Directors of the Company on 28 March 2023 and signed on behalf of the Board by:
Seye Samba - Managing Director
FRC/2021/003/00000024858
Additionally certified by:
Lesley Green - Executive Director
FRC/2020/003/00000020680
Samson Eghwerehe - Head of Finance
FRC/2018/ICAN/00000018952
The accompanying notes form an integral part of these financial statements.
2
TOTALENERGIES MARKETING NIGERIA PLC
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME | |||
FOR THE PERIOD ENDED | |||
31 March | 31 March | ||
2023 | 2022 | ||
Notes | ₦'000 | ₦'000 |
Revenue | 6 | 135,277,607 | 97,609,062 |
Cost of sales | 7 | (120,267,170) | (83,117,357) |
Gross profit | |||
15,010,437 | 14,491,705 | ||
Other income | 8.1 | 968,580 | 892,360 |
Other expenses | 8.1.2 | - | - |
Selling & distribution costs | 10.1 | (915,988) | (1,161,034) |
Administrative expenses | 10.2 | (7,802,026) | (7,565,236) |
Impairment write-back/ (loss) on financial assets | 30 (iv) | 21,152 | (27,084) |
Operating profit | |||
7,282,155 | 6,630,711 | ||
Finance income | 9 | ||
746,088 | 684,003 | ||
Finance costs | 9 | (1,604,278) | (761,646) |
Net finance costs | |||
(858,190) | (77,643) | ||
Profit before income taxation | |||
6,423,965 | 6,553,068 | ||
Income taxation | 11.1.1 | (2,261,117) | (2,187,381) |
Profit for the period | |||
4,162,848 | 4,365,687 | ||
Other comprehensive income | - | - | |
Total comprehensive income for the period | |||
4,162,848 | 4,365,687 | ||
Earnings per share | |||
Basic and diluted earnings per share | 14 | 12.26 | 12.86 |
The accompaying notes form an integral part of these financial statements.
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Total Nigeria plc published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 11:52:09 UTC.