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.