FIDSON HEALTHCARE : QUARTER 4 - FINANCIAL STATEMENT FOR 2022

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

2022

2021

Oct-Dec

Jan-Dec

Oct-Dec

Jan-Dec

Notes

₦'000

₦'000

₦'000

₦'000

Revenue

5

9,205,994

40,634,143

9,108,208

30,860,817

Cost of sales

6

(6,514,315)

(23,452,464)

(4,930,469)

(15,757,782)

Gross profit

2,691,679

17,181,679

4,177,739

15,103,035

Other operating income

7

132,659

817,484

184,489

596,552

Administrative expenses

8

(446,731)

(5,711,348)

(1,942,524)

(6,416,079)

-

Selling and distribution expenses

9

(1,343,332)

(4,905,793)

(845,581)

(3,421,283)

Operating profit

1,034,276

7,382,021

1,574,123

5,862,225

Finance costs

10

(479,177)

(1,765,174)

(294,948)

(1,222,299)

Finance income

11

31,092

65,423

19,764

77,718

Profit before tax

12

586,191

5,682,270

1,298,939

4,717,644

Income tax provision

13a

109,483

(1,546,742)

96,255

(997,731)

Profit for the Period

695,675

4,135,528

1,395,194

3,719,913

Other comprehensive income: (OCI)

Items to be reclassified to profit or loss in subsequent years:

Fair value profit on available for sale

(230)

70

financial instruments

34

-

Net other comprehensive income to be reclassified to profit or loss

-

(230)

-

70

Items not to be reclassified to

profit or loss in subsequent years:

Re- measurement gain on defined benefit plans

26

33,851

33,851

-

20,011

Income tax effect

13c

(10,155)

(10,155)

-

(6,004)

Net other comprehensive income not to be reclassified

23,696

23,696

-

14,007

to profit or loss

Other comprehensive income, net of tax

23,696

23,466

-

14,007

Total comprehensive income, net of tax

719,370

4,158,993

1,395,194

3,733,920

Earnings per share - basic (in kobo)

Basic and diluted

26

181

67

178

Dec -22

Dec -21

ASSETS

Notes

₦'000

₦'000

Non-current assets

Property, plant and equipment

14

19,571,202

14,892,994

Right of use assets

15

368,408

486,271

Investment property

16

-

31,823

Intangible assets

17

23,544

21,722

Available- for-sale investments

18a

4,800

5,030

Loans and receivables

18b

14,692

14,027

Other non-current financial asset

19/19a

174,542

173,162

20,157,188

15,625,029

Current assets

Inventories

20

14,606,785

11,154,535

Trade and other receivables

21

4,202,109

2,979,867

Prepayments

22

1,846,063

1,389,825

Cash and cash equivalents

23

2,115,137

1,956,154

22,770,095

17,480,381

Total assets

42,927,283

33,105,410

Equity and liabilities

Equity

Issued share capital

32

1,147,498

1,043,180

Share premium

33

4,829,614

4,933,932

Retained earnings

10,866,485

7,774,138

Available for sale reserve

34

355

585

16,843,953

13,751,835

Non-current liabilities

Interest bearing loans and borrowings

24

5,717,102

6,210,729

Obligation under Finance Lease

25

-

63,590

Retirement benefit obligation

26

263,602

268,185

Government grant

27

651,803

660,764

Deferred revenue

28

-

1,583

Deferred tax liability

13c

1,187,219

1,177,063

7,819,726

8,381,914

Current liabilities

Trade and other payables

29

7,015,723

4,447,130

Interest bearing loans and borrowings

24

5,900,819

2,200,119

Bank Overdraft

23

290,004

259,662

Other financial liabilities

30

3,000,000

2,150,000

Obligations under Finance Lease

25

55,582

87,350

Government grant

27

346,595

356,651

Deferred revenue

28

-

3,167

Income tax payable

13b

1,546,742

1,379,367

Unclaimed dividend

31b

108,140

88,215

18,263,604

10,971,661

Total liabilities

26,083,330

19,353,575

Total equityand liabilities

42,927,282

33,105,410

__________________________

___________________________

__________________________

Fidelis Ayebae

Abiola Adebayo

Imokha Ayebae

Managing Director/CEO

Deputy Managing Director

Finance Director

FRC/2014/CIANG/00000002376

FRC/2013/PSNIG/00000002162

FRC/2021/001/00000023145

2

Share

Share

Retained

Available-

Total

capital

premium

earnings

for-sale

reserve

₦000

₦000

₦000

₦000

₦000

At 1 January 2021

1,043,180

4,933,932

4,561,808

515

10,539,435

Profit for the year

-

-

3,719,913

-

3,719,913

Other comprehensive income for the year, net

-

-

14,007

70

14,077

Total Comprehensive Income for the year

-

-

3,733,920

70

3,733,990

Dividends (Note 32)

-

-

(521,590)

-

(521,590)

At 31 December 2021

1,043,180

4,933,932

7,774,138

585

13,751,835

At 1 January 2022

1,043,180

4,933,932

7,774,138

585

13,751,835

Bonus Issue

104,318

(104,318)

-

-

-

Profit for the year

-

-

4,135,528

(230)

4,135,298

Other comprehensive income for the year, net

-

-

-

-

-

Total Comprehensive Income for the year

-

-

4,135,528

(230)

4,135,298

Dividends (Note 32)

-

-

(1,043,180)

-

(1,043,180)

At 31 December 2022

1,147,498

4,829,614

10,866,485

355

16,843,952