FIDSON HEALTHCARE : QUARTER 1 - FINANCIAL STATEMENT FOR 2023

Table of Contents

Statement of Profit or Loss and Other Comprehensive Income

1

Statement of financial position

2

Statement of Changes in Equity

3

Statement of Cash Flows

4

Notes to the financial statements

5

FOR THE YEAR ENDED 30 JUNE 2020

2023

2022

Jan-March

Jan-March

Jan-MarchJan-March

Notes

₦'000

₦'000

₦'000

₦'000

Revenue

5

11,404,503

11,404,503

10,244,020

10,244,020

Cost of sales

6

(6,515,124)

(6,515,124)

(5,782,985)

(5,782,985)

Gross profit

4,889,379

4,889,379

4,461,035

4,461,035

Other operating income

7

224,173

224,173

190,307

190,307

Administrative expenses

8

(1,320,726)

(1,320,726)

(1,157,178)

(1,157,178)

Selling and distribution expenses

9

(1,303,705)

(1,303,705)

(1,434,169)

(1,434,169)

Operating profit

2,489,121

2,489,121

2,059,994

2,059,994

Finance costs

10

(472,733)

(472,733)

(369,573)

(369,573)

Finance income

11

252

252

12,791

12,791

Profit before tax

12

2,016,640

2,016,640

1,703,211

1,703,211

Income tax provision

13a

(655,408)

(655,408)

(553,544)

(553,544)

Profit for the Period

1,361,232

1,361,232

1,149,668

1,149,668

Earnings per share - basic (in kobo)

Basic and diluted

59

59

55

55

Mar-23

Dec -22

ASSETS

Notes

₦'000

₦'000

Non-current assets

Property, plant and equipment

14

19,269,194

19,565,588

Right of use assets

15

363,150

380,817

Investment property

16

-

-

Intangible assets

17

62,062

23,544

Investments in financial asset

18a

4,800

4,800

Loans and receivables

18b

14,944

14,692

Other non-current financial asset

19/19a

174,542

174,542

19,888,692

20,163,983

Current assets

Inventories

20

14,948,178

14,606,786

Trade and other receivables

21

6,343,185

4,249,396

Prepayments

22

701,065

1,845,990

Cash and cash equivalents

23

2,084,326

2,115,136

24,076,754

22,817,308

Total assets

43,965,447

42,981,291

Equity and liabilities

Equity

Issued share capital

32

1,147,498

1,147,498

Share premium

33

4,829,614

4,829,614

Retained earnings

12,303,043

10,941,812

Available for sale reserve

34

355

355

18,280,511

16,919,279

Non-current liabilities

Interest bearing loans and borrowings

24

5,746,439

5,746,439

Obligation under Finance Lease

25

-

-

Retirement benefit obligation

26

263,317

263,602

Government grant

27

651,291

651,291

Deferred tax liability

13c

1,389,945

1,389,945

8,050,992

8,051,277

Current liabilities

Trade and other payables

29

4,935,540

7,015,730

Interest bearing loans and borrowings

24

5,154,132

5,798,413

Bank Overdraft

23

102,738

290,004

Other financial liabilities

30

5,000,000

3,000,000

Obligations under Finance Lease

25

30,829

55,581

Government grant

27

250,886

346,595

Deferred revenue

28

-

-

Income tax payable

13b

2,051,680

1,396,272

Unclaimed dividend

31b

108,140

108,140

17,633,945

18,010,735

Total liabilities

25,684,937

26,062,012

Total equityand liabilities

43,965,447

42,981,291

__________________________

___________________________

__________________________

Fidelis Ayebae

Abiola Adebayo

Imokha Ayebae

Managing Director/CEO

Executive Director

Chief Financial Officer

FRC/2014/CIANG/00000002376

FRC/2013/PSNIG/00000002376

FRC/2021/001/00000023145

2

Statement of Changes in Equity

Share

Share

Retained

Available-

Total

capital

premium

earnings

for-sale

reserve

₦000

₦000

₦000

₦000

₦000

At 1 January 2022

1,043,180

4,933,932

4,561,808

515

10,539,435

Profit for the year

-

-

2,324,719

(270)

2,324,449

Other comprehensive income for the year, net

-

-

-

-

-

Total Comprehensive Income for the year

-

-

2,324,719

(270)

2,324,449

Dividends (Note 32)

-

-

(521,590)

-

(521,590)

At 31 March 2022

1,043,180

4,933,932

6,364,937

245

12,342,294

At 1 January 2022

1,147,498

4,829,614

10,941,812

355

16,919,279

Profit for the year

-

-

1,361,232

-

1,361,232

Other comprehensive income for the year, net

-

-

-

-

-

Total Comprehensive Income for the year

-

-

1,361,232

-

1,361,232

Dividends (Note 32)

-

-

-

-

-

At 31 March 2023

1,147,498

4,829,614

12,303,044

355

18,280,511