ACADEMY PRESS : UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2023

ACADEMY PRESS PLC

REPORTS AND FINANCIAL STATEMENTS

FOR THE FIRST QUARTER ENDED 3OTH JUNE, 2023

Academy Press Plc.

Reports and financial statements for the first quarters ended 3oth June, 2023

CONTENTS	PAGE
Corporate information	1
Financial highlights	2
Consolidated Statements of comprehensive income	3
Consolidated Statements of financial position	4
Consolidated Statements of changes in equity	5
Consolidated Statements of cash flows	6
Notes to the financial statements	7

			Academy Press Plc.
	Corporate Information
	CORPORATE INFORMATION
Directors:	Wahab B. Dabiri		- Chairman
	Olugbenga Ladipo		- Managing Director
	David Pritchard	(British)	- Non-executive Director
	Folashade B. Omo-Eboh- (Mrs.)	- Non-executive Director
	Oyewole Olaoye		- Non-executive Director
	Paul Aderibigbe		- Executive Director-Operations
	Femi T. Akingbe		- Non-executive Director
Secretaries:	Alpha-Genasec Limited,
	Krestal Laurel Complex (4th Floor),
	376, Ikorodu Road,
	Maryland, Ikeja, Lagos.
	Tel:[phone]
	Email: [e-mail]
Registered office:	28/32, Industrial Avenue,
	Ilupeju Industrial Estate,
	Ilupeju, Lagos.
	Tel: [phone] 09030001368 & 07014900034
	Email: applc@academy press- plc.com
	www.academypress-plc.com
Registered number:	RC. 3915
Auditors:	Ernst & Young
	10th Floor,
	UBA Floor,
	57 Marina,
	Lagos State
Registrars:	Pace Registrars Limited,
	Knight Frank Building (8th floor),
	24, Campbell Street, Lagos.
	Tel: [phone]
	E-mail: Info @ paceregistrars.Com
Bankers:	Union Bank of Nigeria Plc.
	First Bank of Nigeria Plc.
	Sterling Bank Nigeria Plc.
	Zenith Bank Plc.
	Guaranty Trust Bank Plc.
	United Bank for Africa
Insurance Companies:	Acorn Insurance Brokers Limited
	FBN Insurance Brokers
	LASACO Assurance
		1

			Academy Press Plc.
	FINANCIAL HIGHLIGHTS
	30-06-2023	30-06-2022	%
	2023	2022	Increase/ (decrease)
	N'000	N'000
Revenue	1,943,915	1,418,249	37
Profit/ (Loss) before Taxation	38,223	132,348	(71)
Taxation	-	---
Profit/ (Loss) after taxation	38,223	132,348	(71)
EPS	5.1k	22k	(77)
At period ended:	30-06-2023	30-06-2022
	₦'000	₦'000
Property, plant and machinery	1,052,360	883,568	19
Share Capital	378,000	302,400	-
Equity	640,053	396,577	61
	Number	Number
Number of employees	211	209	-

2

Academy Press Plc.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

		Year ended	Year ended
	Notes	31/06/23	31/06/22
			N'000		N'000
Revenue	5	1,943,915	1,418,249
Cost of sales	7	(1,560,780)	(1,025,225)
Gross profit		383,135	393,024
Administrative Expenses		(265,983)	(204,864)
Distribution Expenses		(23,067)	(13,110)
Foreign Exchange Loss		-	-
Other income			2,910		4,375
Results from operating activities		96,995	26,872
		------------	-----------
Finance income		--		--
Finance expenses	12	(58,772)	(47,077)
Net finance cost		(58,772)	(47,077)
(Loss)/Profit before taxation		38,223	132,348
Tax expense		-		---
(Loss)/Profit for the year		38,223	132,348
Other comprehensive income		-		--
Total comprehensive income/Loss		38,223	132,348
Attributable to:
Owners of the Company		50,207	138,136
Non-controlling interest		(11,984)	(5,788)
Total comprehensive
Profit/Loss for the year		38,223		132,348
Earnings Per Share	16	0.051K		0.22k