UAC of Nigeria PLC
Consolidated and Separate Financial Statements for the year ended 31 December 2021
UAC of Nigeria PLC | |
Consolidated and separate financial statements | |
for the year ended 31 December 2021 | |
Content | Page |
Corporate information | 1 |
Investor relations statement | 2 |
Financial Highlights to the Audited Consolidated and Separate Financial Statements | 3 |
Directors' report | 4 |
Certification pursuant to section 405(1) of Companies and Allied Matters Act, 2020 | 10 |
Statement of directors' responsibilities | 11 |
Audit committee report | 12 |
Independent auditors' report | 13 |
Audited financial statements | |
Consolidated and separate statements of profit or loss and other comprehensive income | 19 |
Consolidated and separate statements of financial position | 20 |
Consolidated and separate statements of changes in equity | 21 |
Consolidated and separate statements of cash flows | 23 |
Notes to the consolidated and separate financial statements | 24 |
Other national disclosures | |
Shareholding Structure/Free Float Status | 90 |
Statement of value added | 91 |
Five year financial summary - Group | 92 |
Five year financial summary - Company | 93 |
UAC of Nigeria PLC
Consolidated and separate financial statements for the year ended 31 December 2021
Corporate Information
Board of Directors Mr. Daniel Owor Agbor
Mr. Folasope Babasola Aiyesimoju Dr. Vitus Chidiebere Ezinwa
Mrs. Babafunke Adesua Ijaiya-Oladipo Dr. Umaru Alka
Mr. Babatunde Oladele Kasali Mr. Bolaji Adekunle Odunsi Mrs. Suzanne Olufunke Iroche Mr. Karl Olutokun Toriola
Company Secretary/Group General Counsel Ayomipo Wey
Email: info@uacnplc.com
Registered Office UAC House,
1-5 Odunlami Street, Marina, Lagos
Company Websitewww.uacnplc.com
Bankers
First Bank of Nigeria Limited Access Bank PLC
FSDH Merchant Bank Limited Guaranty Trust Bank
Union Bank of Nigeria PLC United Bank for Africa PLC Zenith Bank PLC
Stanbic IBTC Bank Limited Coronation Merchant Bank Limited
Independent Auditor
KPMG Professional Services, KPMG Tower,
Bishop Aboyade Cole Street, Victoria Island, Lagos
Tel: +234 1 271 8955 (or 8599)
The Registrar
Africa Prudential PLC 220B Ikorodu Road, Palmgrove,
Lagos
Phone: 0700 AFRIPUD or 0700 237 47783
Email: cxc@africaprudential.com
Tax Identification Number (TIN) 01767079-0001
Non-Executive Chairman Group Managing Director Chief Operating Officer Group Finance Director Non-Executive Director Non-Executive Director Non-Executive Director Independent Non-Executive Director Independent Non-Executive Director
(Appointed w.e.f. 28 July 2021)
1
UAC of Nigeria PLC
Investor Relations Statement
UAC of Nigeria PLC has a dedicated investors' portal on its corporate website which can be accessed via this link:https://www.uacnplc.com. The Company's Group Finance Director can also be reached through electronic mail at:investorrelations@uacnplc.com; or telephone on: +234 906 269 2908 for any investment related enquiry.
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UAC of Nigeria PLC
Consolidated and separate financial statements for the year ended 31 December 2021
Financial Highlights to the Audited Consolidated and Separate Financial Statements
Group
Company
2021 | 2020 | % | 2021 | 2020 | % | |
Restated | Restated | |||||
N'000 | N'000 | change | N'000 | N'000 | change | |
Revenue | 101,376,839 | 81,357,960 | 25 | 877,457 | 758,447 | 16 |
Operating profit/(loss) | 4,921,860 | 3,274,383 | 50 | 1,388,986 | (3,805,247) | n/m |
Net finance income | 81,949 | 837,282 | (90) | 1,098,260 | 1,743,570 | (37) |
Profit/(loss) before tax | 4,108,373 | 5,084,981 | (19) | 2,487,246 | (2,061,677) | n/m |
Income tax expense | (1,519,214) | (1,696,583) | 10 | (142,622) | (447,911) | 68 |
Profit/(loss) after tax for the year from continued operations | 2,589,159 | 3,388,398 | (24) | 2,344,624 | (2,509,588) | n/m |
Profit/(loss) after tax for the year from discontinued operations | (2,105) | 469,662 | n/m | - | - | - |
Profit/(loss) for the year | 2,587,054 | 3,858,060 | (33) | 2,344,624 | (2,509,588) | n/m |
Other comprehensive income/(loss) for the year net of tax | (24,026) | 212,102 | n/m | 36,000 | 140,642 | (74) |
Total comprehensive income/(loss) for the year net of tax | 2,563,028 | 4,070,162 | (37) | 2,380,624 | (2,368,946) | n/m |
Total equity | 50,838,306 | 60,675,504 | (16) | 31,805,046 | 36,679,989 | (13) |
Total equity and liabilities | 98,463,387 | 91,698,190 | 7 | 41,068,205 | 46,211,032 | (11) |
Cash and cash equivalents | 11,409,946 | 24,272,314 | (53) | 4,303,878 | 14,803,765 | (71) |
Earnings/(loss) per share (kobo) - Basic | 63 | 90 | n/m | 81 | (87) | n/m |
Dividend per share (kobo) - Proposed/actual | 65 | 120 | (46) | 65 | 120 | (46) |
NGX quotation as at December 31 (kobo) | 950 | 725 | 31 | 950 | 725 | 31 |
Number of shares in issue ('000) | 2,881,296 | 2,881,296 | - | 2,881,296 | 2,881,296 | - |
Market capitalisation as at December 31 (N'000) | 27,372,312 | 20,889,396 | 31 | 27,372,312 | 20,889,396 | 31 |
n/m - Not meaningful |
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UAC of Nigeria plc published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 15:12:05 UTC.