UNILEVER NIGERIA PLC DocuSign Envelope ID: BDAFE67B-A087-4BFF-BA40-652E5DD27D4F
Unilever Nigeria Plc
Unaudited Interim Financial Statements
For the Year ended 31 December 2021
1
DocuSign Envelope ID: BDAFE67B-A087-4BFF-BA40-652E5DD27D4F | |
Unilever Nigeria Plc | |
Unaudited Interim Financial Statements for the Year ended 31 December 2021 | |
Contents | Page |
- Statement of profit or loss and other comprehensive income | 3 - 5 |
- Statement of financial position | 6 - 7 |
- Statement of changes in equity | 8 |
- Statement of cash flows | 9 |
- Notes to the financial statements | 10 |
2
DocuSign Envelope ID: BDAFE67B-A087-4BFF-BA40-652E5DD27D4F
Unilever Nigeria Plc
Unaudited Interim Financial Statements for the Year ended 31 December 2021
Statement of profit or loss and other comprehensive income For three months ended
31 December | 31 December | |||
2021 | 2020 | |||
Note | N'000 | N'000 | ||
Revenue | 7 | 20,850,156 | 14,658,384 | |
Cost of sales | (13,890,392) | (12,134,105) | ||
Gross profit | 6,959,764 | 2,524,279 | ||
Selling and distribution expenses | (1,031,291) | (620,820) | ||
Marketing and administrative expenses | (3,490,822) | (2,302,166) | ||
Impairment loss on trade and intercompany | ||||
receivables | (156,264) | (2,695,040) | ||
Other income | 37,352 | 29,840 | ||
Operating profit/ (loss) | 2,318,739 | (3,063,907) | ||
Finance income | - | 1,273,168 | ||
Finance costs | (278,123) | (49,286) | ||
Net finance (costs)/ income | (278,123) | 1,223,882 | ||
Profit / (loss) before minimum taxation | 2,040,616 | (1,840,025) | ||
Minimum tax expense | 12 | (105,083) | (107,569) | |
Profit/ (loss) before taxation | 1,935,533 | (1,947,593) | ||
Taxation | 12 | (389,078) | 188,568 | |
Profit/ (loss) from continuing operation | 1,546,454 | (1,759,025) | ||
Discontinued operations | ||||
Profit/ (loss) from discontinued operations | 23 | 2,336,849 | (146,687) | |
Profit / (loss) for the year | 3,883,303 | (1,905,712) | ||
Attributable to: | ||||
Equity holders | 3,883,303 | (1,905,712) | ||
Earnings per share for profit attributable to equity holders: | ||||
0.68 | 0.08 | |||
Basic and diluted earnings per share (Naira) | ||||
The accompanying notes form an integral part of these financial statements.
3
DocuSign Envelope ID: BDAFE67B-A087-4BFF-BA40-652E5DD27D4F
Unilever Nigeria Plc
Unaudited Interim Financial Statements for the Year ended 31 December 2021
Statement of profit or loss and other comprehensive income For twelve months ended
31 December | 31 December | |||
2021 | 2020 | |||
Note | N'000 | N'000 | ||
Revenue | 7 | 70,523,694 | 52,211,267 | |
Cost of sales | (50,551,542) | (41,136,845) | ||
Gross profit | 19,972,152 | 11,074,422 | ||
Selling and distribution expenses | (3,318,990) | (2,391,988) | ||
Marketing and administrative expenses | 8 | (14,662,744) | (10,834,585) | |
Impairment loss on trade and intercompany | ||||
receivables | (361,925) | (3,770,859) | ||
Other income | 9 | 37,352 | 66,013 | |
Operating profit/ (loss) | 1,665,845 | (5,856,996) | ||
Finance income | 10 | 679,611 | 1,833,976 | |
Finance costs | 11 | (219,510) | (350,072) | |
Net finance income | 460,101 | 1,483,904 | ||
Profit/ (loss) before minimum taxation | 2,125,946 | (4,373,092) | ||
Minimum tax expense | 12 | (401,487) | (107,569) | |
Profit/ (loss) before taxation | 1,724,459 | (4,480,661) | ||
Taxation (expense) / credit | 12 | (423,326) | 731,264 | |
1,301,132 | (3,749,397) | |||
Profit/ (loss) from continuing operations | ||||
Discontinued operations | ||||
Profit/ (loss) from discontinued operations | 23 | 2,178,244 | (216,524) | |
Profit/ (loss) for the year | 3,479,376 | (3,965,921) | ||
Earnings per share for profit attributable to equity holders: | ||||
Basic and diluted earnings per share (Naira) | 0.61 | (0.69) | ||
Basic and diluted earnings per share (Naira) - | ||||
continuing operations | 0.23 | 0.00 | ||
The accompanying notes form an integral part of these financial statements.
4
DocuSign Envelope ID: BDAFE67B-A087-4BFF-BA40-652E5DD27D4F
Unilever Nigeria Plc
Unaudited Interim Financial Statements for the Year ended 31 December 2021
Statement of profit or loss and other comprehensive income (Continued)
For three months ended
Profit for the year
Other comprehensive income
Items that will not be reclassified to profit or loss:
Remeasurement on post employment benefit obligations (Note 18)
Total comprehensive income
Attributable to:
Equity holders
31 December | 31 December | |
2021 | 2020 | |
N'000 | N'000 | |
3,883,303 | (1,905,712) |
330,555-
4,213,858 (1,905,712)
4,213,858 (1,905,712)
For twelve months ended
Profit/ (loss) for the year
Other comprehensive income
Items that will not be reclassified to profit or loss:
Remeasurement on post employment benefit obligations (Note 18)
Total comprehensive income
Attributable to:
Equity holders
31 December | 31 December |
2021 | 2020 |
N'000 | N'000 |
3,479,376 | (3,965,921) |
330,555(493,380)
3,809,931 (4,459,301)
3,809,931 (4,459,301)
The accompanying notes form an integral part of these financial statements.
5
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Unilever Nigeria plc published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 08:38:04 UTC.
