Group Financials
RED STAR EXPRESS PLC
2022/006
UNAUDITED FINANCIAL REPORT
FOR THE PERIOD ENDED 30TH SEPTEMBER, 2022
2022/009
RED STAR EXPRESS PLC
UNAUDITED FINANCIAL HIGHLIGHTS
FOR THE PERIOD ENDED 30TH SEPTEMBER, 2022
MAJOR STATEMENT OF COMPREHENSIVE INCOME ITEMS | ||||||
THE GROUP | ||||||
Current Period | Comparative Period | |||||
Interim Period | Year to Date | Interim Period | Year to Date | |||
Jul'22 - Sep'22 | Apr'22 - Sep'22 | Jul'21 - Sep'21 | Apr'21 - Sep'21 | |||
N'000 | N'000 | N'000 | N'000 | |||
TURNOVER | 3,605,365 | 6,846,186 | 3,118,031 | 5,928,266 | ||
PROFIT/LOSS BEFORE TAX | 148,337 | 325,779 | 121,344 | 220,925 | ||
PROFIT/LOSS AFTER TAX | 100,869 | 219,894 | 82,514 | 150,229 | ||
THE COMPANY | ||||||
Current Period | Comparative Period | |||||
Interim Period | Year to Date | Interim Period | Year to Date | |||
Jul'22 - Sep'22 | Apr'22 - Sep'22 | Jul'21 - Sep'21 | Apr'21 - Sep'21 | |||
N' 000 | N' 000 | N' 000 | N' 000 | |||
TURNOVER | 1,922,302 | 3,791,588 | 1,755,650 | 3,469,260 | ||
PROFIT/LOSS BEFORE TAX | 99,163 | 229,468 | 75,003 | 141,379 | ||
PROFIT/LOSS AFTER TAX | 65,448 | 154,886 | 49,502 | 96,138 | ||
MAJOR STATEMENT OF FINANCIAL POSITION ITEMS | ||||||
THE GROUP | THE COMPANY | |||||
Sep-22 | Mar-22 | Sep-22 | Mar-22 | |||
N' 000 | N' 000 | N' 000 | N' 000 | |||
TOTAL ASSETS | 8,365,025 | 7,752,187 | 6,512,650 | 6,046,560 | ||
SHAREHOLDERS FUND | 4,413,488 | 4,193,625 | 3,621,596 | 3,466,742 | ||
SHARE CAPITAL | 477,211 | 477,211 | 477,211 | 477,211 | ||
SHARE PREMIUM | 1,515,600 | 1,515,600 | 1,515,600 | 1,515,600 | ||
REVENUE RESERVE | 2,419,515 | 2,199,653 | 1,627,623 | 1,472,769 | ||
INFORMATION PER 50 KOBO ORDINARY SHARE | ||||||
THE GROUP | THE COMPANY | |||||
Sep-22 | Mar-22 | Sep-22 | Mar-22 | |||
NO OF ORDINARY SHARES | 954,423 | 954,423 | 954,423 | 954,423 | ||
NET ASSET (N) | 4,414,490 | 4,193,625 | 3,621,596 | 3,466,742 | ||
EARNINGS PER SHARE (KOBO) | ||||||
23 | 16 | 16 | 10 | |||
NET ASSET PER SHARE(KOBO) | 463 | 439 | 379 | 363 | ||
RED STAR EXPRESS PLC
UNAUDITED CONSOLIDATED & SEPARATE
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30TH SEPTEMBER, 2022
Note | |
Turnover | 1 |
Cost of sales | 3 |
Gross profit | |
Other income | 2 |
Administrative and Other Operating | |
Expenses | 4 |
Staff Gratuity | 5 |
Depreciation & Amortisation | 6 |
Impairment Loss | |
Effect of change in estimate useful | |
life of PPE | |
Total operating Expences | |
Finance Income | 7 |
Finance Costs | 7 |
Profit/Loss Before interest and Tax
Interest and similar charges Provision for diminution in investments
Profit/(Loss) Before Income Tax
Income Tax | 8.1 |
Profit/(Loss) from continuing operation
Profit attributable to:
Owners of the company
Non controlling Interests
Profit for the period
Earnings per share | |
Basic earnings per share (kobo) | 29 |
Diluted earnings per share (kobo) | |
Number of ordinary shares in | 29 |
issue | |
The Group | The Company | ||||||||||||||
Current Period | Comparative Period | Current Period | Comparative Period | ||||||||||||
Interim Period | Year to Date | Interim Period | Year to Date | Interim Period | Year to Date | Interim Period | Year to Date | ||||||||
Jul'22 - Sep'22 | Apr'22 - Sep'22 | Jul'21 - Sep'21 | Apr'21 - Sep'21 | Jul'22 - Sep'22 | Apr'22 - Sep'22 | Jul'21 - Sep'21 | Apr'21 - Sep'21 | ||||||||
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | ||||||||
3,605,365 | 6,846,186 | 3,118,031 | 5,928,266 | 1,922,302 | 3,791,588 | 1,755,650 | 3,469,260 | ||||||||
(2,877,921) | (5,346,468) | (2,456,650) | (4,657,955) | (1,448,591) | (2,792,638) | (1,336,925) | (2,636,410) | ||||||||
727,444 | 1,499,718 | 661,380 | 1,270,311 | 473,711 | 998,950 | 418,725 | 832,850 | ||||||||
38,670 | 38,704 | 16,297 | 18,795 | 28,356 | 28,391 | 16,010 | 17,179 | ||||||||
766,114 | 1,538,422 | 677,678 | 1,289,106 | 502,067 | 1,027,341 | 434,735 | 850,029 | ||||||||
(565,383) | (1,102,661) | (488,873) | (944,014) | (367,524) | (721,898) | (309,651) | (617,022) | ||||||||
(9,286) | (17,292) | (5,164) | (8,987) | (5,604) | (10,262) | (4,186) | (5,846) | ||||||||
(30,274) | (66,762) | (30,531) | (60,112) | (28,031) | (62,075) | (27,898) | (55,065) | ||||||||
- | - | - | - | - | - | - | - | ||||||||
- | - | - | - | - | - | - | - | ||||||||
(604,942) | (1,186,715) | (524,568) | (1,013,113) | (401,158) | (794,235) | (341,734) | (677,933) | ||||||||
2 | 3 | 1,142 | 1,142 | 2 | 3 | 919 | 919 | ||||||||
(12,836) | (25,932) | (32,908) | (56,213) | (1,748) | (3,641) | (18,917) | (31,636) | ||||||||
148,337 | 325,779 | 121,344 | 220,925 | 99,163 | 229,468 | 75,003 | 141,379 | ||||||||
- | - | - | - | - | - | - | - | ||||||||
148,337 | 325,779 | 121,344 | 220,925 | 99,163 | 229,468 | 75,003 | 141,379 | ||||||||
(47,468) | (105,885) | (38,830) | (70,696) | (33,716) | (74,582) | (25,501) | (45,241) | ||||||||
100,869 | 219,894 | 82,514 | 150,229 | 65,448 | 154,886 | 49,502 | 96,138 | ||||||||
100,869 | 219,894 | 82,514 | 150,229 | 65,448 | 154,886 | 49,502 | 96,138 | ||||||||
- | - | - | - | - | - | - | - | ||||||||
100,869 | 219,894 | 82,514 | 150,229 | 65,448 | 154,886 | 49,502 | 96,138 | ||||||||
23 | 16 | 16 | 10 | ||||||||||||
954,423 | 954,423 | 954,423 | 954,423 |
RED STAR EXPRESS PLC
1999001 | 1999001 | |||||||
UNAUDITED CONSOLIDATED & SEPARATE STATEMENT | 2023/006 | 2023/006 | ||||||
OF FINANCIAL POSITION | ||||||||
AS AT 30th SEPTEMPER, 2022 | ||||||||
The Group | The Company | |||||||
Jun-22 | Mar-22 | Jun-22 | Mar-22 | |||||
Note | N'000 | N'000 | N'000 | |||||
ASSETS | ||||||||
Non Current Assets | ||||||||
Property Plant and |Equipments | 9 | 3,076,792 | 2,848,652 | 1,596,796 | 1,260,569 | |||
Intangible Assets | 10 | 38,305 | 45,349 | 38,305 | 45,016 | |||
Right Of Use of Assets | 11 | 162,678 | 185,891 | 85,832 | 109,046 | |||
Long Term Prepayments | 15 | 388,669 | 235,186 | 62,848 | 3,085 | |||
Equity instrument at fair value through OCI | 11.1 | 1,696 | 1,696 | 1,696 | 1,696 | |||
Investment in subsidiary | 11.2 | - | - | 1,153,065 | 1,153,065 | |||
Employee Benefit asset | 16,286 | 16,286 | ||||||
Total Non Current Assets | 3,668,139 | 3,333,060 | 2,938,542 | 2,588,763 |
Current Assets | |||
Inventories | 12 | 116,493 | 91,707 |
Trade debtors | 13 | 2,500,403 | 2,369,244 |
Other receivables | 14 | 1,495,224 | 1,419,259 |
Current prepayments | 15 | 75,514 | 78,574 |
Due from related company | 28 | ||
Cash and cash equivalents | 16 | 509,253 | 460,343 |
Total Current Assets | 4,696,887 | 4,419,128 | |
TOTAL ASSETS | 8,365,025 | 7,752,187 | |
EQUITY AND LIABILITIES | |||
LIABILITIES | |||
Non-current liabilities | |||
Deferred taxation | 18 | 139,419 | 139,419 |
Provision for liabilities and charges | |||
Finance Lease Obligation | 57,653 | 68,472 | |
Interest bearing loans and borrowings | 231,356 | 274,774 | |
Employee Benefit | 3,286 | ||
Total Non Current Liabilities | 431,714 | 482,665 | |
Current liabilities | |||
Trade creditors | 1,115,843 | 1,086,998 | |
Other creditors and accruals | 17 | 1,814,463 | 1,630,479 |
Due to related companies | 28 | 4,826 | |
Finance Lease Obligation | 18,099 | 21,495 | |
Income tax liabilities | 8.2 | 482,368 | 227,526 |
Interest bearing loans and borrowings | 88,049 | 104,573 | |
Total Current Liabilities | 3,518,822 | 3,075,897 | |
TOTAL LIABILITIES | 3,950,535 | 3,558,562 |
106,68582,755
1,065,421 1,391,920
700,675 676,482
98,25449,675
1,155,851 907,426
447,223 349,539
3,574,108 3,457,797
6,512,650 6,046,560
35,020 | 35,020 |
50,359 | 47,544 |
- | - |
7,266 | |
92,645 | 82,564 |
1,092,398 | 1,074,752 |
1,330,027 | 1,232,886 |
40,149 | 4,826 |
22,321 | 21,495 |
313,515 | 163,296 |
2,798,409 | 2,497,255 |
2,891,054 | 2,579,819 |
Equity | ||||||
Share capital | 19 | 477,211 | 477,211 | 477,211 | 477,211 | |
Share premium | 1,515,600 | 1,515,600 | 1,515,600 | 1,515,600 | ||
Retained Earnings | 2,419,515 | 2,199,653 | 1,627,623 | 1,472,769 | ||
Fair value of equity instrument designated at FVOCI | 1,161 | 1,161 | 1,161 | 1,161 | ||
Total Equity | 4,413,488 | 4,193,625 | 3,621,596 | 3,466,742 | ||
TOTAL EQUITY AND LIABILITIES | 8,364,025 | 7,752,187 | 6,512,650 | 6,046,560 | ||
The consolidated and separate financial statements were approved by the Board on the 24 of October, 2022 and signed on its behalf by:
Babura Auwalu Badamasi | Onyibo Valentine | |
Managing Director/CEO | Chief Financial Officer | |
FRC/2016/ICAN/00000014402 | FRC/2013/ICAN/00000003908 |
RED STAR EXPRESS PLC
UNAUDITED CONSOLIDATED & SEPARATE STATEMENT OF CHANGES IN EQUITY | |||||||||||||
FOR THE PERIOD ENDED 30TH SEPTEMBER, 2022 | |||||||||||||
The Group | The Company | ||||||||||||
Fair Value of | Fair Value of | ||||||||||||
Equity | Equity | ||||||||||||
Instrument | Instrument | ||||||||||||
Issued | designated at | Issued | Retained | designated at | |||||||||
Capital | Share Premium | Retained Earnings | FVOCI | Total | Capital | Share Premium | Earnings | FVOCI | Total | ||||
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | ||||
As at 1st April 2022 | 477,211 | 1,515,600 | 2,199,653 | 1,161 | 4,193,626 | As at 1st April 2022 | 477,211 | 1,515,600 | 1,472,769 | 1,161 | 3,466,742 | ||
Profit for the year | 219,894 | 219,894 | Profit for the year | 154,886 | 154,886 | ||||||||
Other comprehensive income: | - | Other comprehensive income: | - | ||||||||||
Re-measurement gain/(loss) on | Re-measurement gain/(loss) on | ||||||||||||
defined benefit plan | - | defined benefit plan | - | ||||||||||
Dividend | - | - | Dividend | - | - | ||||||||
Addition in the year | - | - | (32) | (32) | Addition in the year | - | - | (32) | (32) | ||||
As at 30th September, 2022 | 477,211 | 1,515,600 | 2,419,515 | 1,161 | 4,413,488 | As at 30th September, 2022 | 477,211 | 1,515,600 | 1,627,623 | 1,161 | 3,621,596 | ||
Consolidated Statement of Changes in Equity | Consolidated Statement of Changes in Equity | ||||||||||||
For the year ended 31 March 2021 | Fair Value of | For the year ended 31 March 2021 | Fair Value of | ||||||||||
Equity | Equity | ||||||||||||
Instrument | Instrument | ||||||||||||
Issued | designated at | Issued | Retained | designated at | |||||||||
Capital | Share Premium | Retained Earnings | FVOCI | Total | Capital | Share Premium | Earnings | FVOCI | Total | ||||
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | ||||
As at 1st April 2021 | 463,176 | 1,437,001 | 2,330,978 | 1,794 | 4,232,949 | As at 1st April 2021 | 463,176 | 1,437,001 | 1,568,728 | 1,794 | 3,470,699 | ||
Profit for the year | 87,806 | 87,806 | Profit for the year | 123,173 | 123,173 | ||||||||
Other comprehensive income: | - | Other comprehensive income: | - | ||||||||||
Re-measurement gain/(loss) on | Re-measurement gain/(loss) on | ||||||||||||
defined benefit plan | (80,180) | (80,180) | defined benefit plan | (80,180) | (80,180) | ||||||||
Bonus Issue | 14,036 | 78,600 | (92,634) | 1 | Bonus Issue | 14,036 | 78,600 | (92,634) | |||||
Fair Value of Equity Instrument | Fair Value of Equity Instrument | ||||||||||||
designated at FVOCI | (633) | (633) | designated at FVOCI | - | (633) | (633) | |||||||
Dividend | (46,318) | (46,318) | Dividend | (46,318) | (46,318) | ||||||||
As at 31st March, 2022 | 477,212 | 1,515,601 | 2,199,653 | 1,161 | 4,193,625 | As at 31st March, 2022 | 477,212 | 1,515,601 | 1,472,769 | 1,161 | 3,466,742 |
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Red Star Express plc published this content on 27 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2022 07:53:06 UTC.