Nigerian Aviation Handling Company Plc

Unaudited Financial Position for the First Half year ended 30th June, 2023

Nigerian Aviation Handling Company PLC Consolidated and Separate Financial Statements -- 30 June, 2023

Contents

Page

Consolidated Statement of Comprehensive Income

1

Consolidated Statement of Financial Position

2

Statement of Changes in Equity

3-4

Nahco Plc free Float Analysis

5

Consolidated Statement of Cashflow

6

Notes to the Consolidated Financial Statements

7- 42

Nigerian Aviation Handling Company PLC Consolidated and Separate Financial Statements -- 30 June, 2023

Consolidated and Separate Statement of Comprehensive Income

For the period ended 30th June, 2023.

`

Group

Company

Jan. -Jun. 2023

Jan-Jun. 2022

Apr-Jun 2023

Apr-Jun 2022

Jan. -Jun. 2023

Jan-Jun. 2022

Apr-Jun 2023

Apr-Jun 2022

Notes

N'000

N'000

N'000

N'000

N'000

N'000

N'000

N'000

Revenue

5

10,487,748

6,475,240

6,193,922

3,657,599

10,095,694

6,201,961

5,979,770

3,511,103

Operating costs

9a

(5,515,478)

(3,828,105)

(2,948,770)

(2,033,170)

(5,347,627)

(3,742,481)

(2,857,670)

(2,030,946)

Gross Profit

4,972,270

2,647,135

3,245,152

1,624,429

4,748,067

2,459,480

3,122,100

1,480,157

Other Income

6

203,489

143,704

150,880

117,623

41,991

112,531

23,688

100,139

Administrative Costs

9b

(2,113,334)

(1,506,569)

(1,160,650)

(890,056)

(1,991,720)

(1,390,755)

(1,099,004)

(792,128)

Expected Credit Reversal/(Losses)

-

-

-

-

Profit from operations

3,062,425

1,284,270

2,235,382

851,996

2,798,338

1,181,256

2,046,783

788,168

Finance Income

7

4,809

66,306

(28,594)

28,176

4,809

66,306

(28,594)

28,176

Finance costs

7

(93,927)

(94,638)

(47,854)

(47,674)

(88,580)

(88,580)

(44,290)

(44,290)

Profit/(Loss) before tax

2,973,308

1,255,938

2,158,934

832,498

2,714,567

1,158,982

1,973,900

772,054

Income tax expense

8(a)

(633,755)

(287,579)

(455,921)

(142,818)

(610,778)

(260,771)

(444,127)

(173,713)

Profit/(loss) after tax

2,339,553

968,359

1,703,013

689,679

2,103,789

898,211

1,529,772

598,342

Other comprehensive income

-

-

-

-

-

-

Total comprehensive income

2,339,553

968,359

1,703,013

689,679

2,103,789

898,211

1,529,772

598,342

Attributable to:

Profit/ (loss) attributable to owners

of the company

2,325,254

960,784

1,695,085

674,703

2,103,789

898,211

1,529,772

598,342

Non-controlling interest

9

14,298

7,576

7,928

14,977

-

-

-

-

2,339,553

968,360

1,703,013

689,679

2,103,789

898,211

1,529,772

598,342

Earnings per share

Basic earnings per share ( Kobo)

10

119

59

87

42

108

55

78

37

Diluted earnings per share ( Kobo)

10

119

59

87

42

108

55

78

37

1

Nigerian Aviation Handling Company PLC Consolidated and Separate Financial Statements -- 30 June, 2023

Consolidated and Separate Statement of changes in Equity

For the period ended 30 June, 2023

Attributable to equity holders of the Group

Non-

Share

Share

Retained

controlling

Capital

Premium

Earnings

Total

Interest

Total Equity

N'000

N'000

N'000

N'000

N'000

N'000

As at 1 January 2023

974,531

1,752,336

6,368,770

9,095,637

(69,387)

9,026,250

Bonus Issue of 1 for 5 units of Shares

-

-

-

-

-

-

Restatement Due to IFRS 9 Adoption

-

-

-

-

-

-

Carrying Balance at 1 Jan 2023

974,531

1,752,336

6,368,770

9,095,637

(69,387)

9,026,250

Profit for the year

-

-

2,325,254

2,325,254

14,298

2,339,553

Other comprehensive income:

Adjustments passed within the year

-

-

-

-

-

-

Restated Balance Due to IFRS Adoption in Consolidation

-

-

-

Restated Balance from Arik Air Impairment Bal

-

-

-

-

-

-

Other comprehensive income

-

-

-

-

-

-

Total comprehensive income for the period

-

-

2,325,254

2,325,254

14,298

2,339,553

Transaction with owners recognised directly in equity

Dividend payable to owners

-

-

-

-

-

-

Dividend Paid

-

-

(2,338,876)

(2,338,876)

-

(2,338,876)

Total transactions with owners of the Company

-

-

(2,338,876)

(2,338,876)

-

(2,338,876)

As at 30th Jun. 2023

974,531

1,752,336

6,355,148

9,082,015

(55,089)

9,026,927

3

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Nigerian Aviation Handling Company plc published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 10:18:29 UTC.