UNAUDITED FINANCIAL STATEMENT
FOR THE 2ND QUARTER (6 MONTHS) ENDED
30 JUNE 2023
1
CAPITAL HOTELS PLC
Interim Financial Report
FOR THE 2ND QUARTER (6) MONTHS ENDED 30 JUNE, 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 | 7-34 |
Shareholding Structure and Free Float Status | 35 |
2
CAPITAL HOTELS PLC
CONDENSED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE, 2023
Notes | |
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 |
Due from Related Parties | |
Total assets | |
Equity | |
Issued capital | 18 |
Retained earnings | 19 |
Revaluation surplus | 18.3 |
Share Premium | 18.2 |
Non- Current Liabilities | |
Non-current liabilities | |
Employee benefit obligation | |
Deferred tax liabilities | 17 |
Total non-current liabilities | |
Current liabilities | |
Trade and other payables | 15 |
Contract Liabbility | |
Deferred income | |
Due to related parties | |
Income tax payable | 16 |
Total current liabilities | |
Total liabilities | |
Total equity and liabilities |
These financial statements were approved by the Board of Directors on 25 July 2023 and signed
on its behalf by:
Mr. Ravi Bachu | Alhaji Aminu Abdulkadir |
Managing Director/CEO | Director |
FRC/2023/PRO/DIR/071/893689 | FRC/2023/PRO/DIR/071/460507 |
The accompanying notes on pages 7 to 35 form an integral part of these financial statements.
Unaudited | Audited | |
JUNE | JUNE | DECEMBER |
2023 | 2022 | 2022 |
N'000 | N'000 | N'000 |
17,384,775 | 16,041,400 | 16,323,272 |
217,212 | 5,320 | 89,370 |
17,601,987 | 16,046,720 | 16,412,642 |
125,964 | 89,999 | 59,545 |
775,271 | 934,803 | 552,423 |
1,349,670 | 305,984 | 105,231 |
9,991,846 | 2,269,873 | 12,014,338 |
359,390 | ||
12,242,751 | 3,600,659 | 13,090,927 |
29,844,737 | 19,647,378 | 29,503,570 |
1,580,388 | 774,390 | 1,580,388 |
5,291,472 | 5,349,670 | 5,167,271 |
8,161,567 | 8,161,567 | 8,161,567 |
10,076,720 | - | 10,076,720 |
25,110,147 | 14,285,627 | 24,985,946 |
- | - | - |
303,447 | 978,539 | 303,447 |
303,447 | 978,539 | 303,447 |
2,193,467 | 3,574,336 | 2,251,836 |
- | 275,150 | 220,979 |
30,499 | 55,615 | 233,358 |
1,595,278 | 954,553 | |
611,899 | 478,111 | 553,451 |
4,431,143 | 4,383,212 | 4,214,177 |
4,734,590 | 5,361,751 | 4,517,624 |
29,844,737 | 19,647,378 | 29,503,570 |
Mr. Adebayo Babatunde
Director of Finance
FRC/2023/PRO/ICAN/069/742513
3
CAPITAL HOTELS PLC
CONDENSED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE, 2023
Notes | |
Revenue | 5.11 |
Cost of sales | 5.11 |
Gross operating profit | |
Other operating income | 20 |
Administration and general expenses | 22 |
Expected credit losses on receivables | 28.0 |
Operating profit/(Loss) | |
Finance income | 21 |
Profit/(Loss) before tax | |
Tax expense | 16 |
Profit/Loss for the Period
Other comprehensive income/(loss) for the year: Revaluation (Net Tax)
Judgement debt expenses
Prior Year Adjustment arising from Tax Audit by FIRS Total comprehensive income for the period
Unaudited | Audited | |||
3 Months to | 6 Months to | 3 Months to | 6 Months to | December |
30-Jun-23 | 30-Jun-23 | 30-Jun-22 | 30-Jun-22 | 2022 |
N'000 | N'000 | N'000 | N'000 | N'000 |
1,806,727 | 2,797,997 | 1,587,263 | 2,839,088 | 5,332,322 |
(1,197,674) | (1,833,874) | (1,463,893) | (2,540,996) | (5,833,681) |
- | ||||
609,052 | 964,122 | 123,369 | 298,091 | (501,359) |
14,043 | 14,043 | 25,526 | 37,696 | 106,804 |
(525,822) | (803,391) | (134,220) | (312,706) | (426,168) |
- | - | - | (126,441) | |
- | ||||
97,273 | 174,775 | 14,675 | 23,081 | (947,164) |
4,050 | 7,875 | 5,013 | 10,001 | 138,883 |
- | ||||
101,323 | 182,650 | 19,687 | 33,081 | (808,281) |
(32,423) | (58,448) | (6,300) | (10,586) | 648,377 |
- | ||||
68,900 | 124,202 | 13,387 | 22,495 | (159,904) |
- | ||||
- | ||||
- | - | - | - | - |
- | - | - | - | |
- | - | - | - | - |
68,900 | 124,202 | 13,387 | 22,495 | (159,904) |
- |
Earning per share: | |||||||
- | |||||||
- | Basic (Kobo) | 5.15 | 2.18 | 3.93 | 0.86 | 1.45 | (0.07) |
- | |||||||
- | Diluted | 5.15 | 2.18 | 3.93 | 0.86 | 1.45 | (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 SIX MONTHS ENDED 30 JUNE, 2023 | ||||||
Issued | Retained | Revaluation | Share | Other | Total equity | |
share | earnings | Reserve | premium | Reserves | ||
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | |
Changes in equity for 2023 | ||||||
At 1 January 2023 | 1,580,388 | 5,167,270 | - | 10,076,720 | 8,161,567 | 24,985,945 |
Profit/(Loss) for the period | 124,202 | - | - | 124,202 | ||
Unrealised Gain on currency translation | - | - | - | - | ||
Prior Year Adjustments | - | - | - | - | ||
At 30 June 2023 | 1,580,388 | 5,291,472 | - | 10,076,720 | 8,161,567 | 25,110,147 |
Issued | Retained | Revaluation | Share | Other | Total equity | |
share | earnings | Reserve | premium | Reserves | ||
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | |
Changes in equity for 2022 | ||||||
At 1 January 2022 | 1,580,388 | 5,167,270 | - | 10,076,720 | 16,824,378 | |
Loss/Profit for the period | - | - | - | 8,161,567 | 8,161,567 | |
Unrealised Gain on currency translation | - | - | - | - | - | |
At 31 December 2022 | 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 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 14:54:24 UTC.