CADBURY NIGERIA PLC Cadbury Nigeria Plc
Un-audited Interim Financial Information for the Half Year Ended 30 June 2022
Cadbury Nigeria Plc
Un-audited Interim Financial Information
for the half year ended 30 June 2022
Content | Page |
Financial highlights | 2 |
Statement of financial position | 3 |
Statement of profit or loss and other comprehensive income | 4 |
Statement of changes in equity | 5 |
Statement of cashflows | 6 |
Notes to the financial information | 7 |
Cadbury Nigeria Plc
Un-audited Interim Financial Information
for the half year ended 30 June 2022
Financial highlights
For the Half year Ended 30 June 2022
In thousands of naira
Un-audited | Un-audited | ||||
30-Jun | 30-Jun | ||||
2022 | 2021 | Change % | |||
Revenue | 27,876,672 | 18,522,598 | 51 | ||
Gross profit | 5,853,904 | 2,178,167 | 169 | ||
Results from operating activities | 2,848,366 | (609,952) | 567 | ||
Profit/ (loss) before tax | 3,345,412 | (516,167) | 748 | ||
Profit/ (loss) for the period | 2,341,789 | (516,167) | 554 | ||
Share capital | 939,101 | 939,101 | - | ||
Total equity | 15,037,630 | 12,695,279 | 18 | ||
Data per 50k share | |||||
Basic earnings per share | 124.68 | (27.48) | 554 | ||
Net asset per share | 801 | 676 | 18 |
2
Cadbury Nigeria Plc
Un-audited Interim Financial Information
for the half year ended 30 June 2022
Statement of financial position
As at 30 June 2022
In thousands of naira
Un-audited | Audited | |||
30-Jun | 31 December | |||
Assets | Note | 2022 | 2021 | |
Non-current assets | ||||
Property, plant and equipment | 9 | 13,906,266 | 13,018,307 | |
Right-of-use assets | 18 | 19,789 | 21,331 | |
Intangible assets | 10 | 9,944 | 13,075 | |
Total non-current assets | 13,935,999 | 13,052,713 | ||
Current assets | ||||
Inventories | 11 | 10,832,206 | 8,100,730 | |
Trade and other receivables | 12 | 6,798,146 | 4,053,339 | |
Prepayments | 13 | 689,728 | 657,378 | |
Cash and cash equivalents | 14 | 21,556,398 | 17,824,131 | |
Total current assets | 39,876,478 | 30,635,578 | ||
Total assets | 53,812,477 | 43,688,291 | ||
Equity and liabilities | ||||
Equity | ||||
Share capital | 939,101 | 939,101 | ||
Share premium | 272,344 | 272,344 | ||
Other reserves | 3,436,348 | 3,436,348 | ||
Share based payment reserve | 15 | 153,220 | 153,220 | |
Retained earnings | 10,236,617 | 8,835,341 | ||
Total equity | 15,037,630 | 13,636,354 | ||
Liabilities | ||||
Non-current liabilities | ||||
Borrowings | 19 | 6,721,509 | 6,596,083 | |
Deferred taxation | 758,240 | 758,240 | ||
Employee benefits | 734,199 | 668,017 | ||
Lease liabilities | 18 | 3,378 | 4,890 | |
Total non-current liabilities | 8,217,326 | 8,027,230 | ||
Current liabilities | ||||
Borrowings | 19 | 6,147,846 | 3,884,269 | |
Current tax liabilities | 8 | 1,005,778 | 110,296 | |
Trade and other payables | 16 | 23,402,440 | 18,030,034 | |
Lease liabilities | 18 | 1,456 | 108 | |
Total current liabilities | 30,557,520 | 22,024,707 | ||
Total liabilities | ||||
38,774,847 | 30,051,937 | |||
Total equity and liabilities | 53,812,477 | 43,688,291 | ||
These financial statements were approved by the Board of Directors on 26 July 2022 and signed on its behalf by:
Oyeyimika Adeboye (Managing Director) ) FRC/2013/ICAN/00000001089
Ogaga Ologe (Finance Director) ) FRC/2013/ICAN/00000001091
The accompanying notes on pages 7 to 25 form an integral part of these financial statements.
3
Cadbury Nigeria Plc
Un-audited Interim Financial Information
for the Half Year Ended 30 June 2022
Statement of profit or loss and other comprehensive income | |||||||||
For the Half Year Ended 30 June 2022 | |||||||||
In thousands of naira | |||||||||
Un-audited | Un-audited | Un-audited | Un-audited | ||||||
1 April-30 June | Half year | 1 April-30 June | Half year | ||||||
CONTINUING OPERATIONS | Note | 2022 | 2022 | 2021 | 2021 | ||||
18,522,598 | |||||||||
Revenue | 5 | 15,088,010 | 27,876,672 | 9,602,125 | |||||
Cost of sales | (12,466,965) | (22,022,768) | (8,913,696) | (16,344,431) | |||||
Gross profit | |||||||||
2,621,045 | 5,853,904 | 688,429 | 2,178,167 | ||||||
Other income | 6 | 8,551 | 25,629 | 12,540 | 12,546 | ||||
Selling and distribution expenses | (1,427,205) | (2,442,169) | (1,376,308) | (2,269,074) | |||||
Administrative expenses | (277,339) | (588,998) | (257,182) | (531,591) | |||||
RESULTS FROM OPERATING ACTIVITIES | |||||||||
925,052 | 2,848,366 | (932,521) | (609,952) | ||||||
Net finance income | 7 | 218,146 | 497,046 | 71,243 | 93,785 | ||||
NET FINANCE INCOME | |||||||||
218,146 | 497,046 | 71,243 | 93,785 | ||||||
PROFIT/ (LOSS) BEFORE INCOME TAX | 1,143,198 | 3,345,412 | (861,278) | (516,167) | |||||
Income tax expense | 8 | (342,959) | (1,003,623) | - | - | ||||
PROFIT/ (LOSS) FOR THE PERIOD | |||||||||
800,237 | 2,341,789 | (861,279) | (516,167) | ||||||
OTHER COMPREHENSIVE INCOME | |||||||||
- | - | - | - | ||||||
TOTAL COMPREHENSIVE INCOME/ (LOSS) FOR | |||||||||
THE PERIOD | 800,237 | 2,341,789 | (861,279) | (516,167) | |||||
Basic earning/ (loss) per share (kobo) | 43 | 125 | (46) | (27) | |||||
The accompanying notes on pages 7 to 25 form an integral part of these financial statements. |
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Cadbury Nigeria plc published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 10:12:21 UTC.
