CAPITAL HOTELS PLC UNAUDITED FINANCIAL STATEMENT
FOR THE 1ST QUARTER (3 MONTHS) ENDED
31 MARCH 2023
1
CAPITAL HOTELS PLC
Interim Financial Report
FOR THE 1ST QUARTER (3) MONTHS ENDED 31 MARCH, 2023
Content | Page |
Cover Page | 1 |
Table of Contents | 2 |
Statement of Financial Position | 3 |
Condensed Statement of Comprehensive Income | 4 |
Condensed Statement of Changes in Equity | 5 |
Condensed Statement of Cash Flows | 6 |
Notes to the Condensed Interim Financial Statements | 7-30 |
Forecast Statement of Comprehensive Income | 31 |
Shareholding Structure and Free Float Status | 32 |
2
CAPITAL HOTELS PLC | ||||
CONDENSED STATEMENT OF FINANCIAL POSITION | ||||
AS AT 31 MARCH, 2023 | Unaudited | Audited | ||
MARCH | MARCH | DECEMBER | ||
2023 | 2022 | 2022 | ||
Notes | N'000 | N'000 | N'000 |
Assets:
Non current assets
Property, plant and equipment | 8. |
Intangible assets | 9 |
Current assets: | |
Inventories | 10 |
Trade and other receivables | 11 |
Prepayments | 12 |
Cash and short term deposit | 13 |
Deferred tax asset |
Total assets
Equity
16,534,590 | 15,845,792 | 16,323,272 |
87,510 | 17,542 | 89,370 |
16,622,100 | 15,863,334 | 16,412,642 |
25,724 | 66,574 | 59,545 |
582,216 | 988,443 | 552,423 |
118,843 | 313,568 | 105,231 |
11,541,685 | 2,159,040 | 12,014,338 |
359,390 | ||
12,268,468 | 3,527,625 | 13,090,927 |
28,890,568 | 19,390,958 | 29,503,570 |
Issued capital | 18 | 1,580,388 | 774,390 | 1,580,388 |
Retained earnings | 19 | 5,217,109 | 5,336,283 | 5,167,271 |
Revaluation surplus | 18.3 | 8,161,567 | 8,161,567 | 8,161,567 |
Share Premium | 18.2 | 10,076,720 | - | 10,076,720 |
Non- Current Liabilities | |
Non-current liabilities | |
Employee benefit obligation | 14 |
Deferred tax liabilities | 17 |
Total non-current liabilities
25,035,784 | 14,272,240 | 24,985,946 |
- | - | - |
- | 978,539 | 303,447 |
- | 978,539 | 303,447 |
Current liabilities | ||||
Trade and other payables | 15 | 2,816,119 | 3,283,912 | 2,251,836 |
Contract Liabbility | - | 210,056 | 220,979 | |
Deferred income | 30,499 | 62,725 | 233,358 | |
Due to related parties | 978,539 | - | 954,553 | |
Income tax payable | 16 | 29,628 | 583,485 | 553,451 |
Total current liabilities | 3,854,785 | 4,140,178 | 4,214,177 | |
Total liabilities | 3,854,785 | 5,118,717 | 4,517,624 | |
Total equity and liabilities | 28,890,568 | 19,390,958 | 29,503,570 |
These financial statements were approved by the Board of Directors on 26 April 2023 and signed on its behalf by:
Mr. Ravi Bachu | Alhaji Aminu Abdulkadir | Mr. R.A.M. Itawa |
Managing Director/CEO | Director | Chief Finance Officer |
FRC/2023/PRO/DIR/071/893689 | FRC/2023/PRO/DIR/071/460507 | FRC/2013/ICAN/0000000887 |
The accompanying notes on pages 7 to 31 form an integral part of these financial statements.
3
CAPITAL HOTELS PLC
CONDENSED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED 31 MARCH, 2023
Notes | |
Turnover | 5.11 |
Cost of sales | 5.11 |
Gross Profit/(loss) | |
Other operating income | 20 |
Administration expenses | 22 |
Operating Profit/(Loss) | |
Finance income | 21 |
Profit/(Loss) before tax | |
Tax expense | 16 |
Unaudited | Audited | |
3 Months to | 3 Months to | December |
31-Mar-23 | 31-Mar-22 | 2022 |
N'000 | N'000 | N'000 |
991,270 | 1,251,825 | 5,332,322 |
(636,200) | (1,077,103) | (5,833,681) |
355,070 | 174,722 | (501,359) |
12,170 | (19,637) | |
(277,568) | (178,486) | (426,168) |
77,502 | 8,406 | (947,164) |
3,825 | 4,988 | 138,883 |
81,327 | 13,394 | (808,281) |
(26,025) | (4,286) | 648,377 |
Profit/Loss for the Period | 55,302 | 9,108 | (159,904) |
Other comprehensive income: | |||
Revaluation (Net Tax) | - | - | - |
Judgement debt expenses | - | ||
- | - | - |
Total comprehensive income for the period | ||
Earning per share: | ||
- | Basic (Kobo) | 5.15 |
- | Diluted |
55,302 | 9,108 | (159,904) |
1.75 | 0.59 | (0.07) |
1.75 | 0.59 | (0.07) |
The accompanying notes on pages 7 to 31 form an integral part of these financial statements.
4
CAPITAL HOTELS PLC
CONDENSED STATEMENT OF CHANGES IN EQUITY FOR THE THREE MONTHS ENDED 31 MARCH, 2023
Issued share capital N'000
Changes in equity for 2023 | |
At 1 January 2023 | 1,580,388 |
Retained | Revaluation | Total equity | ||
earnings | ||||
Reserve | Share premium | Other Reserves | ||
N'000 | N'000 | N'000 | N'000 | N'000 |
5,167,270 | - | 10,076,720 | 16,824,378 |
Profit/(Loss) for the period | 55,302 | - | 55,302 | |||
Unrealised Gain on currency translation | - | - | - | - | ||
Prior Year Adjustments | - | - | - | 8,161,567 | 8,161,567 | |
At 31 March 2023 | 1,580,388 | 5,222,572 | - | 10,076,720 | 8,161,567 | 25,041,247 |
Changes in equity for 2022 At 1 January 2022 Loss/Profit for the period
Unrealised Gain on currency translation At 31 March 2022
Issued | Retained | ||||
share | Revaluation | Total equity | |||
earnings | |||||
capital | Reserve | Share premium | Other Reserves | ||
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 |
1,580,388 | 5,167,270 | - | 10,076,720 | 16,824,378 | |
- | - | - | 8,161,567 | 8,161,567 | |
- | - | - | - | - | |
1,580,388 | 5,167,270 | - | 10,076,720 | 8,161,567 | 24,985,945 |
The accompanying notes on pages 7 to 31 form an integral part of these financial statements.
5
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Capital Hotels plc published this content on 27 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2023 11:00:03 UTC.
