VITAFOAM NIGERIA PLC
UNAUDITED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL
STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2022
VITAFOAM NIGERIA PLC
QUARTER 4 ENDED 30 SEPT. 2022
SECURITIES TRADING POLICY
In compliance with Rule 17.15 Disclosure of Dealings in Issuers' Shares, Rulebook of The Exchange 2015 (Issuers' Rule), Vitafoam Nigeria Plc maintains a Security Trading Policy (Policy) which guides Directors, Audit Committee members, employees and all individuals categorized as insiders in relation to their dealings in the Company's shares. The Policy undergoes periodic review by the Board and is updated accordingly. The Company has made specific inquiries of all its directors and other insiders and is not aware of any infringement of the Policy during the period.
FREE FLOAT STATUS OF VITAFOAM NIGERIA PLC AT 30TH SEPTEMBER 2022.
30-Sept-22 | |||
Description | Unit | Percentage | |
Issued Share Capital | 1,250,844,064 | 100% | |
Substantial Shareholdings (5% and above) | |||
Bolarinde Samuel Olaniyi | 150,427,902 | 13.03% | |
Awhua Resources Limited | 98,281,981 | 7.03% | |
Neemtree Limited | 67,434,878 | 5.39% | |
Total Substantial Shareholdings | 316,144,761 | 25.27% | |
Directors' Shareholdings (direct and indirect), excluding | |||
directors with substantial interests | |||
Dr. Bamidele Makanjuola (Direct) | 5,320,566 | 0.42% | |
Dr. Bamidele Makanjuola (Indirect) | 10,757 | 0.00% | |
Mr. Taiwo Adeniyi | 1,114,000 | 0.08% | |
Mr. Bamidele S. Owoade | 320,000 | 0.02% | |
Mr. Joseph Alegbesogie | 726,820 | 0.05% | |
Mrs. Adeola Adewakun | 144,000 | 0.01% | |
Prof. (Mrs) Rosemary Egonmwan | 101,940 | 0.01% | |
Mr. Abdul Akhor Bello | 171,860 | 0.01% | |
Total Directors Shareholdings | 7,909,943 | 0.63% | |
Free Float in Units and Percentage | 926,789,360 | 74.09 | |
Free Float in Value | 18,535,787,200 |
Declaration:
Vitafoam Nigeria Plc with a free float percentage of 74.09% as at 30 September 2022, is compliant with The Exchange's free float requirements for companies listed on the Main Board.
'Lekan Sanni
Company Secretary/Legal Adviser FRC/2013/NBA/00000005309
Vitafoam Nigeria Plc
Unaudited Consolidated and separate interim financial statements for the year ended September 30, 2022
Content
Index | Page | |
Statements of profit or loss and other comprehensive income | 2 | |
Statement of Financial Position | 3 | |
Consolidated and Separate statement of changes in equity | 4 | - 5 |
Statement of Cash Flows | 6 | |
Significant Accounting Policies | 7 - 17 | |
Notes to the Unaudited Consolidated And Separate Interim Financial Statements | 18 | - 25 |
1
Vitafoam Nigeria Plc.
Unaudited Consolidated and Separate Financial Statements for the year ended 30 September 2022
Consolidated and Separate Statements of Profit or Loss and Other Comprehensive Income
Group | Company | ||||
2022 | 2021 | 2022 | 2021 | ||
Note | N '000 | N '000 | N '000 | N '000 | |
Revenue | 3 | 46,537,056 | 35,404,072 | 42,359,560 | 32,007,979 |
Cost of sales | 4 | (30,815,439) | (21,726,917) | (29,608,062) | (20,764,431) |
Gross profit | 15,721,617 | 13,677,155 | 12,751,498 | 11,243,548 | |
Other gains and losses | 8 | 270,285 | 236,553 | 476,415 | 848,058 |
Administrative expenses | 5 | (7,136,609) | (4,560,080) | (5,052,021) | (3,458,742) |
Distribution expenses | 6 | (1,648,038) | (1,414,261) | (1,559,031) | (1,370,395) |
Operating profit | 7,207,255 | 7,939,367 | 6,616,861 | 7,262,469 | |
Finance income | 998,618 | 254,863 | 988,644 | 239,904 | |
Finance costs | 7 | (779,026) | (852,507) | (723,114) | (722,479) |
Profit before taxation | 7,426,847 | 7,341,723 | 6,882,391 | 6,779,894 | |
Taxation | (2,492,080) | (2,744,677) | (2,136,215) | (2,395,035) | |
Profit for the year | 4,934,767 | 4,597,046 | 4,746,176 | 4,384,859 | |
Remeasurement on net defined liability/asset | - | 179,027 | - | 179,027 | |
114,651 | (63,287) | ||||
Exchange differences on translating foreign operations | 6,915 | 2,206 | 6,915 | 2,206 | |
Gains on valuation of investment in equity instruments designated as FVTOCI | |||||
Other comprehensive income | 121,566 | 117,946 | 6,915 | 181,233 | |
Total comprehensive income for the year | 5,056,333 | 4,714,992 | 4,753,091 | 4,566,092 | |
Profit attributable to: | |||||
Equity holders of the parent | 4,564,016 | 4,237,307 | 4,753,091 | 4,384,859 | |
Non-controlling interest | 370,751 | 359,739 | - | - | |
4,934,767 | 4,597,046 | 4,753,091 | 4,384,859 | ||
Earnings per share for profit from total operations attributable to equity | |||||
holders | |||||
364.87k | 339.00K | 379.99k | 351k | ||
Basic and diluted |
2
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Vitafoam Nig Ltd. published this content on 30 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2022 16:38:05 UTC.