Cadbury Nigeria Plc

Un-audited Interim Financial Information

for the Nine Months Ended 30 September 2022

Cadbury Nigeria Plc

Un-audited Interim Financial Information

for the Nine Months ended 30 September 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

1

Cadbury Nigeria Plc Un-auditedInterim Financial Information for the Nine Months ended 30 September 2022

Financial highlights

For the Nine Months Ended 30 September 2022

In thousands of naira

Un-audited

Un-audited

30 September

30 September

2022

2021

Change %

Revenue

42,540,017

30,047,055

42

Gross profit

8,375,749

5,624,990

49

Results from operating activities

3,311,646

1,828,676

81

Profit before tax

4,023,809

2,161,925

86

Profit for the period

2,816,666

1,513,348

86

Share capital

939,101

939,101

-

Total equity

15,512,508

14,724,794

5

Data per 50k share

Basic earnings per share

149.97

80.57

86

Net asset per share

826

784

5

2

Cadbury Nigeria Plc Un-auditedInterim Financial Information for the Nine Months ended 30 September 2022

Statement of financial position

As at 30 September 2022

In thousands of naira

Un-audited

Audited

30 September

31 December

Note

2022

2021

Assets

Non-current assets

Property, plant and equipment

9

13,990,846

13,018,307

Right-of-use assets

18

16,045

21,331

Intangible assets

10

8,378

13,075

Total non-current assets

14,015,269

13,052,713

Current assets

Inventories

11

11,544,479

8,100,730

Trade and other receivables

12

7,896,011

4,053,339

Prepayments

13

445,743

657,378

Cash and cash equivalents

14

23,841,634

17,824,131

Total current assets

43,727,867

30,635,578

Total assets

57,743,136

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

153,220

153,220

Retained earnings

10,711,495

8,835,341

Total equity

15,512,508

13,636,354

Liabilities

Non-current liabilities

Borrowings

19

7,095,498

6,596,083

Deferred taxation

758,240

758,240

Employee benefits

767,289

668,017

Lease liabilities

18

3,433

4,890

Total non-current liabilities

8,624,460

8,027,230

Current liabilities

Borrowings

19

8,932,716

3,884,269

Current tax liabilities

8

1,209,297

110,296

Trade and other payables

16

23,462,298

18,030,034

Lease liabilities

18

1,857

108

Total current liabilities

33,606,168

22,024,707

Total liabilities

42,230,628

30,051,937

Total equity and liabilities

57,743,136

43,688,291

These financial statements were approved by the Board of Directors on 25 October 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 Nine Months ended 30 September 2022

Statement of profit or loss and other comprehensive income

For the Nine Months Ended 30 September 2022

In thousands of naira

Un-audited

Un-audited

Un-audited

Un-audited

1 July-30 Sept

YTD 30 Sept

1 July-30 Sept

YTD 30 Sept

Note

2022

2022

2021

2021

CONTINUING OPERATIONS

14,663,345

42,540,017

11,524,457

30,047,055

Revenue

5

Cost of sales

(12,141,500)

(34,164,268)

(8,077,634)

(24,422,065)

Gross profit

2,521,845

8,375,749

3,446,823

5,624,990

Other income

6

54,352

79,981

9,391

21,937

Selling and distribution expenses

(1,608,528)

(4,050,697)

(1,112,754)

(3,381,828)

Administrative expenses

(504,389)

(1,093,387)

95,168

(436,423)

RESULTS FROM OPERATING ACTIVITIES

463,280

3,311,646

2,438,628

1,828,676

Net finance income

7

215,117

712,163

239,464

333,249

NET FINANCE INCOME

215,117

712,163

239,464

333,249

PROFIT BEFORE INCOME TAX

678,397

4,023,809

2,678,092

2,161,925

Income tax expense

8

(203,519)

(1,207,143)

(648,577)

(648,577)

PROFIT FOR THE PERIOD

474,877

2,816,666

2,029,515

1,513,348

OTHER COMPREHENSIVE INCOME

-

-

-

-

TOTAL COMPREHENSIVE INCOME FOR THE

PERIOD

474,877

2,816,666

2,029,515

1,513,348

Basic earning per share (kobo)

25.28

149.97

108.06

80.57

The accompanying notes on pages 7 to 25 form an integral part of these financial statements.

4

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Cadbury Nigeria plc published this content on 26 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2022 09:17:03 UTC.