Royal Exchange Plc

(RC: 6752)

Consolidated Unaudited Financial Statements

31 March 2023

ROYAL EXCHANGE PLC RC: 6252

New Africa House

T. 01-4606690 - 01-4606699

31 Marina

E. info@royalexchangeplc.com

P.O. Box 112, Lagos

W. www.royalexchangeplc.com

Directors:

Mr. Kenneth Ezenwani Odogwu (Chairman), Chief Anthony Ikemefuna Idigbe (SAN), Alhaji Ahmed Rufa'i Mohammed, Mr. Adeyinka Adekunle Ojora, Mr. Hewett

Royal Exchange Plc Annual Report and Consolidated Financial Statements

2

Table of Contents

Corporate information

3

Directors Report

4

Report of Corporate Governance

9

Share Dealing Policy

13

Free Float Report

17

Statement of Directors' Responsibilities in Relation to the Financial Statements

18

Report of the Audit Committee

19

Independent Auditors report

Result at a glance

20

Consolidated Statements of Financial Position

21

Consolidated Statement of Profit or Loss and Other Comprehensive Income

22

Statement of Changes in Equity

23

Consolidated Statements of Cashflows

26

Notes to the financial statements

28-125

Other financial information

Value added statement

127

Five Year Financial summary

128

CORPORATE INFORMATION

Directors:

Chairman

Kenneth Ezenwani Odogwu

Non-Executive Directors:

Chief Anthony Ikemefuna Idigbe (SAN)

Alhaji Ahmed Rufai Mohammed

Mr. Adeyinka Ojora

Group Coordinator

Mr. Hewett Benson

Group Company Secretary

Mazars Ojike and Partners

Registered Office

31, Marina, Lagos

Auditors

Deloitte & Touche

Bankers:

Access Bank Ltd.

Diamond Bank Plc

Ecobank Ltd.

FCMB Ltd.

First Bank of Nigeria Limited

FSDH Merchant Bank Limited

Guaranty Trust Bank Limited

Heritage Bank Limited

Keystone Bank Limited

Royal Exchange Microfinance Bank Limited

Polaris Bank Plc

Stanbic IBTC Bank Plc

Sterling Bank Plc

SunTrust Bank Limited

United Bank for Africa Plc

Union Bank Nigeria Plc

Wema Bank Plc

Zenith Bank Plc

Registrars

Cardinal Stone Registrars Limited,

358, Herbert Macauley Street,

Yaba,

Lagos.

RC No

6752

ROYAL EXCHANGE PLC

RESULTS AT A GLANCE

FOR YEAR ENDED 31 MARCH 2023

31-Mar-23

31-Dec-22

%

EARNED INCOME

7,579

249,612

(97)

PROFIT/(LOSS) BEFORE TAX

(67,787)

(148,333)

(54)

PROFIT/(LOSS) AFTER TAX

(68,592)

(150,474)

54

SHARE CAPITAL

2,572,685

2,572,685

-

SHAREHOLDERS' FUND

2,036,190

2,104,781

(3)

LOSS PER SHARE (NAIRA) - BASIC

(1)

(6)

76

STOCK EXCHANGE QUOTATION (NAIRA)

1.06

0.88

20

Attention: This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Royal Exchange plc published this content on 12 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2023 07:43:03 UTC.