Scoa Nigeria Plc. (RC 6293)

Transcription

1 Scoa Nigeria Plc. (RC 6293) INTERIM FINANCIAL STATEMENT OF SCOA NIGERIA PLC FOR THE PERIOD JANUARY JUNE, 2018

2 UN-AUDITED STATEMENT OF COMPREHENSIVE INCOME AS AT 31st JUNE, 2018 Un Current Period Ended Year Ended % changes Jan to Jun '18 Jan to Jun '17 Revenue 583, ,075, Cost of Sales (389,156.90) (645,559.51) 0.40 Distribution/Admin and Other Expenses (372,670.31) (372,003.03) (0.00) Other Income 103, , (0.30) Financial Charges (596,559.53) (523,413.47) (0.14) Profit/Loss Before Tax (671,893.94) (385,574.50) Taxation - Profit/Loss After Tax (671,893.94) (385,574.50) (0.74) Other Comprehensive Income 0 - Total Comprehensive Income (671,893.94) (385,574.50) (0.74) Profit/Loss After Tax Attr. To Noncontrolling Int Profit/Loss After Tax Owners of the Company (671,893.94) (385,574.50) (0.74) Total Comp. Inc.Attr. to Non-Controlling Interest - Attributable to Owners of the Company (671,893.94) (385,574.50) (0.74) Basis/Diluted (loss) /Earnings per Share (1.88) (0.59)

3 UN-AUDITED STATEMENT OF COMPREHENSIVE INCOME FOR APRIL TO JUNE,2018 Current Period Ended Year Ended % changes April To June,2018 April To June,2017 Revenue 468, , (3.79) Cost of Sales (318,465.54) (58,687.23) (4.43) Distribution/Admin and Other Expenses (238,675.62) (209,472.17) (0.14) Other Income 98, , (2.70) Financial Charges (560,008.77) (244,227.13) (1.29) Profit/Loss Before Tax (550,296.52) (388,077.57) Taxation - Profit/Loss After Tax (550,296.52) (388,077.57) (0.42) Other Comprehensive Income 0 - Total Comprehensive Income (550,296.52) (388,077.57) (0.42) Profit/Loss After Tax Attr. To Noncontrolling Int Profit/Loss After Tax Owners of the Company (550,296.52) (388,077.57) (0.42) Total Comp. Inc.Attr. to Non-Controlling Interest - Attributable to Owners of the Company (550,296.52) (388,077.57) (0.42) Basis/Diluted (loss) /Earnings per Share (0.85) (0.60)

4 UN-AUDITED STATEMENT OF FINANCIAL POSITION AS AT 30TH JUNE,2018 Un- Current Period Ende Year Ended % changes 30th June '18 31st Dec '17 Property, plant and equipment 5,611, ,744, Deferred Tax Assets 674, , Investment in subsidiary / associates Cos. 555, , Total Non Current Assets 6,840, ,973, Inventories 1,946, ,042, Debtors and Other Receivables 2,471, ,082, Cash and cash equivalents 151, , (3.07) Total Current Assets 4,569, ,162, Trade and Other Payables 2,207, ,474, Current Financial liabilities 4,782, ,115, Current Tax Liabilities 20, , Total Current Liabilities 7,010, ,610, Non-Current Financial liabilities 2,429, ,879, (0.29) Defined benefit Plan 64, , Deferred Tax Liabilities 472, , Liabilities included in disposal groups classified as held for sale (Where applicable) Total Non-Current Liabilities 2,966, ,419, (0.23) Working Capital (2,441,169.19) (2,448,508.82) 0.00 Net Assets 1,433, ,104, Non Controlling Interest Attributable to Owners of the Company 1,433, ,104, These consolidated financial statements were approved by the Board of Directors on 24th of July 2018 and signed on its behalf by: Mr. Henry Agbamu Dr.Massad F.Boulos Mrs. A. Okereke FRC/2013/NIM/ FRC/2013IOD/ FRC/2013/ICAN/

5 STATEMENT OF CHANGES IN EQUITY AS AT 30th June'18- (UN-AUDITED) Issued & paid up Share Capital Share Premium Retained Earnings Revaluation Reserve Total % Change Balance Prior year as dividend of 1st January approved 2018 transfer to 324, , (2,560,821.00) 4,146, ,104, (0.90) payables - Dividend - Profit/(loss) for the period / year (671,893.94) (671,893.94) (1.83) Other comprehensive income/(loss) - Balance as of 30th June' , , (3,232,714.94) 4,146, ,433, (0.47) Balance as of 1st January , , (656,121.00) 4,146, ,009, Dividend - Loss for the year (1,900,253.00) (1,900,253.00) Addition during the year Other comprehensive income - - (4,447.00) (4,447.00) Balance as of 31st December , , (2,560,821.00) 4,146, ,104,818.00

6 CASH FLOW STATEMENT FOR the period ended 31st June, 2018 ( Un-audited) Current Period Ended Year Ended 30th June '18 30th December '17 % Change Cash Flow from Operating Profit-Activities (671,893.94) (1,900,253) 0.65 Operating Cash Flow before Working Capital Changes 735, ,581, Operating Cash Flow from Changes in Working Capital 436, , Net Cash Generated from Operating Activities 500, ,286 (0.37) Cash Flow from Investing Activities (6,641.96) Cash Flow from Financing Activities (619,407.82) (2,437,070) 0.75 Net Increase/Decrease Cash and Cash Equivalent (125,688.43) (2,072,030) 0.94 Cash and Cash Equivalent Beginning of the Year (3,393,711.00) (1,321,681) 0.61 Cash and Cash Equivalent End of the Year (3,519,399.43) (3,393,711) 0.04 CORPORATE ACTION Proposed Bonus Proposed Dividend Closure Date Date of Payment AGM Date AGM Vanue

7 NOTES TO THE Un- STATEMENT of FINANCIAL POSITION AS AT PERIOD ENDED 30th June, 2018 Un- 31th June ' st December' 2017 =N='000 =N='000 1 ) REVENUE : Analysis By class of Business: Autos 186, , Equipment 396, , Trading - 548, Construction - 129, , ,798, Current Asset : Inventories /Stock: Raw Material and Consumables 11, , Finished Goods 1,934, ,030, ,946, ,042, ) Current Assets: Trade & Other Receivables Trade Debtors 1,845, ,380, Prepayment & others receivables 308, , Loan to Related Companies 317, , Cash & Bank Balance 151, , ,622, ,119, ) Current Liabilities : Trade & Other Payables Dividend Payable - - Trade and other payables 2,207, ,474, Taxation 20, , Bank Overdraft 3,670, ,430, Interset Bearing Loan 1,111, ,684, ) Non Current Liabilities 7,010, ,610, Interset Bearing Loan 2,429, ,879, Employee Benefit Liability - Gratuity 64, , Deferred Taxation 472, , Call Up Share Capital Authorised: 2,966,522 2,419, Billion Ordinary Shares of 50k Each 1,000,000 1,000,000 Alloted, Called Up and Fully Paid million Ordinary Shares of 50k each 324, ,913