eTRANZACT INTERNATIONAL PLC

UNAUDITED FINANCIAL STATEMENTS

FOR THE THIRD QUARTER ENDED 30TH SEPTEMBER 2022

eTRANZACT INTERNATIONAL PLC

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE THIRD QUARTER ENDED 30TH SEPTEMBER 2022

Unaudited

Unaudited

Unaudited

Unaudited

30/09/2022

30/09/2021

Q3 2022

Q3 2021

N'000

N'000

N'000

N'000

Continuing operations

Revenue

16,026,498

17,439,030

4,405,252

6,223,358

Cost of sales

(12,592,181)

(15,592,808)

(2,914,849)

(5,465,063)

Gross profit

3,434,317

1,846,223

1,490,403

758,295

Selling and Marketing costs

(114,907)

(43,646)

(51,794)

(27,611)

Administrative expenses

(2,292,895)

(1,659,533)

(888,678)

(616,787)

Operating profit

1,026,514

143,045

549,931

113,897

Other Income

-

24,310

-

-

Finance Cost

(16,471)

(17,687)

(5,462)

(6,116)

Investment income

192,822

63,870

57,180

18,171

Profit before tax

1,202,865

213,538

601,649

125,952

Taxation

(384,917)

(68,332)

(192,528)

(40,305)

Profit for the period

817,948

145,206

409,121

85,647

There is no other comprehensive income for the period, hence the profit for the period is equal to the total comprehensive income.

1

eTRANZACT INTERNATIONAL PLC

STATEMENT OF FINANCIAL POSITION AS AT 30TH SEPTEMBER 2022

Unaudited

Audited

30/09/2022

12/31/2021

Note

N'000

N'000

Non-current assets

Property, plant and equipment

1

991,058

789,103

Investment property

2

136,810

136,810

Intangible assets

3

108,343

149,280

Deposit for shares

456,755

456,755

Total non-current assets

1,692,966

1,531,948

Current assets

Inventories

6

1,001,726

1,278,609

Trade and other receivables

7

839,896

963,497

Other assets

5

2,499,097

1,240,463

Cash and cash equivalents

8

12,330,921

5,896,939

Total current assets

16,671,641

9,379,508

Total assets

18,364,606

10,911,456

Non-Current liabilities

Deferred tax liability

4

-

-

Deferred Grant Income

10

107,447

107,447

Long term Loan

10

314,991

368,779

422,438

476,226

Current liabilities

Trade and other payables

9

8,450,045

7,802,480

Current tax liabilities

11

574,536

219,059

Total current liabilities

9,024,581

8,021,539

Total liabilities

9,447,019

8,497,765

Equity

Share capital

12

4,600,000

3,317,283

Share premium account

13

7,373,055

2,969,824

Retained earnings

15

(3,055,468)

(3,873,416)

Total equity attributable to owners of the company

8,917,586

2,413,691

Total equity and Liabilities

18,364,606

10,911,456

The financial statements was approved by the Board of Directors on October 27, 2022 and signed on its behalf by:

……………………………..

Mr Niyi Toluwalope

Mr Emmanuel Ogunji

Chief Executive Officer

Chief Financial Officer

FRC/2013/ICAN/00000002251

FRC/2014/ICAN/00000007266

2

eTRANZACT INTERNATIONAL PLC

STATEMENT OF CHANGES IN EQUITY

FOR THE THIRD QUARTER ENDED 30TH SEPTEMBER 2022

Share

Convertible

Retained

Share capital

premium

Debenture

earnings

Total

N'000

N'000

N'000

N'000

N'000

Balance at 1 January 2021

2,100,000

646,875

-

(4,329,165)

(1,582,290)

Additions through right issue

1,217,283

2,322,949

-

-

3,540,232

Profit for the year

-

-

-

455,749

455,749

Other comprehensive income

-

-

-

-

-

Total comprehensive income

-

-

-

455,749

455,749

Balance at 31 December 2021

3,317,283

2,969,824

-

(3,873,416)

2,413,691

Balance at 1 January 2022

3,317,283

2,969,824

-

(3,873,416)

2,413,691

Additions through debenture issue

-

-

5,772,225

-

5,772,225

Issue Cost

-

-

(59,281)

-

(59,281)

Conversion of debenture to ordinary shares

1,282,717

4,430,228

(5,712,944)

-

-

Conversion Cost

-

(26,996)

-

-

(26,996)

Profit for the period

-

-

-

817,948

817,948

Other comprehensive income for the period

-

-

-

-

-

Total comprehensive income

-

-

-

817,948

817,948

Balance at 30 September 2022

4,600,000

7,373,055

-

(3,055,468)

8,917,587

3

eTRANZACT INTERNATIONAL PLC

CASHFLOW STATEMENT FOR THE PERIOD ENDED 30TH SEPTEMBER 2022

30/09/2022

12/31/2021

Note

N'000

N'000

Cashflow from operating activities

Cash receipt from customers

16,146,028

23,323,576

Cash paid to suppliers and employees

(15,032,563)

(24,549,221)

Cash generated from operations

1,113,465

(1,225,645)

Income taxes paid

11

(29,440)

(10,709)

Net cash generated by operating activities

1,084,025

(1,236,354)

Cashflow from investing activities

Purchase of property, plant and equipment

1

(451,515)

(408,601)

Additions to intangible assets

3

(7,256)

(47,404)

Interest received and similar income

192,822

111,348

Interest on Loan

(16,471)

(34,202)

Proceeds from sale of Investment Property

-

268,155

Proceeds from sale of Property, plant and equipment

-

-

Net cash (used in)/generated by investing activities

(282,420)

(110,705)

Cashflow from financing activities

Net Proceeds from Debenture Issue

5,772,225

3,540,232

Issue Cost

(59,281)

-

Conversion cost of debenture to ordinary shares

(26,996)

-

Repayment of

Loan Principal

(53,571)

(35,714)

Repayment of

Interest on Loan

-

(23,138)

Loan obtained

10

-

100,000

Net cash generated by financing activities

5,632,376

3,581,380

Net increase in cash and cash equivalents

6,433,981

2,234,319

Effects of exchange rate on year end bank balances

-

23,910

Cash and cash equivalents at beginning of year

5,896,939

3,638,710

Cash and cash equivalents at end of the period

8

12,330,921

5,896,939

4

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eTranzact International plc published this content on 01 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2022 10:49:07 UTC.