Guinness Nigeria : 25 Oct 2023GN Unaudited Financial Results for the three (3) months ended 30th September 2023 – Summary

STATEMENT OF COMPREHENSIVE INCOME - GUINNESS NIGERIA PLC

3 Months Ended

3 Months Ended

% Change

30 September 2023

30 September 2022

N'000

N'000

Revenue

59,536,477

52,849,881

13%

Cost of Sales

(41,398,835)

(34,610,404)

20%

Distribution/Admin and Other Expenses

(11,659,441)

(12,994,996)

-10%

Other Income

1,395,931

660,382

111%

Operating Profit

7,874,132

5,904,863

33%

Financial Charges

(4,056,408)

(1,862,487)

118%

Profit Before Tax

3,817,724

4,042,376

-6%

Tax expense

(1,221,671)

(1,293,562)

-6%

Profit After Tax

2,596,053

2,748,814

-6%

Other comprehensive income/(loss) for the year, net of tax

-

-

0%

Total Comprehensive Income

2,596,053

2,748,814

-6%

Profit After Tax Attr. To Non controlling Int

-

-

0%

Profit After Tax Owners of the Company

2,596,053

2,748,814

-6%

Total Comp. Inc.Attr. to Non-Controlling Interest

-

-

0%

Attributable to Owners of the Company

2,596,053

2,748,814

-6%

Basic Earnings per Share (k)

119

125

-5%

Fully Diluted Earnings per Share(k)

119

125

-5%

STATEMENT OF FINANCIAL POSITION - GUINNESS NIGERIA PLC

30 September 2023

30 June 2023

% Change

N'000

N'000

Property, plant and equipment

99,538,809

99,177,647

0%

Deferred Tax Assets

-

-

0%

Investment property

-

-

0%

Right-of-use assets

185,439

217,574

-15%

Intangible Assets

537,518

549,950

-2%

Non-current debtors and other receivables

-

-

0%

Investments accounted for using the equity method

-

-

0%

Financial assets

-

-

0%

Non-current asset held for sale and disposal groups

-

-

0%

Total Non Current Assets

100,261,766

99,945,171

0%

Inventories

34,926,999

34,469,527

1%

Debtors and Other Receivables

31,261,365

13,616,302

130%

Restricted cash

1,592,461

1,592,461

0%

Cash and cash equivalents

76,323,062

92,124,683

-17%

Total Current Assets

144,103,887

141,802,973

2%

Trade and Other Payables

116,373,917

112,826,506

3%

Current Financial liabilities

60,664,460

65,451,800

-7%

Current Tax Liabilities

6,478,308

5,256,637

23%

Total Current Liabilities

183,516,685

183,534,943

0%

Non-Current Financial liabilities

159,713

154,272

4%

Provisions

1,189,442

1,155,169

3%

Deferred Tax Liabilities

479,144

479,144

0%

Liabilities included in disposal groups classified as held for sale

-

-

0%

(Where applicable)

Total Non-Current Liabilities

1,828,299

1,788,585

2%

Working Capital

(39,412,798)

(41,731,970)

-6%

Net Assets

59,020,669

56,424,616

5%

Non Controlling Interest

-

-

0%

Attributable to Owners of the Company

59,020,669

56,424,616

5%

STATEMENT OF CHANGES IN EQUITY

Share Capital

Capital Reserve

PPE Revaluation

Share based

Retained

Total equity

Surplus

payment reserve

Earnings

Balance at 1 July 2022

1,095,191

47,447,029

-

-

41,437,171

89,979,391

Changes in Equity Current year:

-

Loss for the period

2,748,814

2,748,814

Other comprehensive income/(loss)

-

-

Rights issue

-

Share Premium on Issued Share Capital

-

Statute Barred unclaimed dividend written back

-

Actuarial loss

-

- Share based payment charge

57,814

57,814

- Share based payment recharge

(57,814)

(57,814)

Shared based payment reserve write-back

-

Changes in Accounting Policy

-

- Share based payment transactions

-

Changes in Equity for the Prior Year:

-

Issued Share Capital

-

Dividend

-

-

Statute Barred unclaimed dividend written back

200,000

200,000

Total Comprehensive Income

-

Balance at 30 September 2022

1,095,191

47,447,029

-

-

44,385,985

92,928,205