UNILEVER NIGERIA : QUARTER 4 - FINANCIAL STATEMENT FOR 2021
DocuSign Envelope ID: BDAFE67B-A087-4BFF-BA40-652E5DD27D4F
Unilever Nigeria Plc
Unaudited Interim Financial Statements
For the Year ended 31 December 2021
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
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.
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.
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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 .
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All news about UNILEVER NIGERIA PLC
Sales 2022
80 621 M
194 M
194 M
Net income 2022
3 259 M
7,85 M
7,85 M
Net cash 2022
57 076 M
137 M
137 M
P/E ratio 2022
27,2x
Yield 2022
2,26%
Capitalization
83 877 M
202 M
202 M
EV / Sales 2022
0,33x
EV / Sales 2023
0,30x
Nbr of Employees
755
Free-Float
24,0%
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