TOTALENERGIES MARKETING NIGERIA PLC

UNAUDITED FINANCIAL STATEMENTS

MARCH 2023

Contents

Page

Results at a glance

1

Statement of financial position

2

Statement of profit or loss and other comprehensive income

3

Statement of changes in equity

4

Statement of cash flows

5

Notes to the financial statements

6

TOTALENERGIES MARKETING NIGERIA PLC

RESULTS AT A GLANCE

FOR THE PERIOD ENDED

31 March

31 March

2023

2022

Change

₦'000

₦'000

%

Revenue

135,277,607

97,609,062

39

Profit before income taxation

6,423,965

6,553,068

(2)

Profit for the period

4,162,848

4,365,687

(5)

Total comprehensive income for the period

4,162,848

4,365,687

(5)

Share capital

169,761

169,761

-

Shareholders' funds

47,319,699

32,609,547

45

31 March

31 March

2023

2022

Change

PER SHARE DATA:

%

Based on 339,521,837 ordinary

shares of 50 kobo each:

Earnings per 50 kobo share (Naira) - basic

12.26

12.86

(5)

Stock exchange quotation (Naira)

218.80

264.90

(17)

Number of staff

428

438

(2)

1

TOTALENERGIES MARKETING NIGERIA PLC

STATEMENT OF FINANCIAL POSITION

AS AT

Notes

Non-current assets

Property, plant and equipment

16

Right-of-use assets

17 (i)

Intangible assets

15

Trade and other receivables

19.1

Total non-current assets

Current Assets

Inventories

18

Witholding tax receivables

11.2.1

Trade and other receivables

19

Prepayments

20

Cash and cash equivalents

27

Total current assets

Total assets

Equity

Share capital

26

Retained earnings

Total equity

Non-current liabilities

Deferred tax liabilities

11.3

Lease liabilities

22

Employee benefits

12

Total non-current liabilities

Current liabilities

Current tax liabilities

11.2

Loans and borrowings

21

Trade and other payables

24

Deferred income

25

Lease liabilities

22

Total current liabilities

Total liabilities

Total equity and liabilities

31 March

31 December

2023

2022

₦'000

₦'000

41,188,145

41,866,105

7,468,418

7,938,283

186,507

191,875

3,883,905

1,985,733

52,726,975

51,981,996

62,442,266

59,275,749

994,500

984,265

112,609,175

111,391,821

2,185,106

1,457,577

55,098,867

82,724,315

233,329,914

255,833,727

286,056,889

307,815,723

169,761

169,761

47,149,938

50,117,049

47,319,699

50,286,810

7,011,786

7,655,848

203,989

361,427

1,635,932

1,551,290

8,851,707

9,568,565

9,194,831

6,351,740

52,646,884

47,741,972

164,352,167

190,091,170

3,481,287

3,402,832

210,314

372,634

229,885,483

247,960,348

238,737,190

257,528,913

286,056,889

307,815,723

These financial statements were approved and authorised for issue by the Board of Directors of the Company on 28 March 2023 and signed on behalf of the Board by:

Seye Samba - Managing Director

FRC/2021/003/00000024858

Additionally certified by:

Lesley Green - Executive Director

FRC/2020/003/00000020680

Samson Eghwerehe - Head of Finance

FRC/2018/ICAN/00000018952

The accompanying notes form an integral part of these financial statements.

2

TOTALENERGIES MARKETING NIGERIA PLC

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE PERIOD ENDED

31 March

31 March

2023

2022

Notes

₦'000

₦'000

Revenue

6

135,277,607

97,609,062

Cost of sales

7

(120,267,170)

(83,117,357)

Gross profit

15,010,437

14,491,705

Other income

8.1

968,580

892,360

Other expenses

8.1.2

-

-

Selling & distribution costs

10.1

(915,988)

(1,161,034)

Administrative expenses

10.2

(7,802,026)

(7,565,236)

Impairment write-back/ (loss) on financial assets

30 (iv)

21,152

(27,084)

Operating profit

7,282,155

6,630,711

Finance income

9

746,088

684,003

Finance costs

9

(1,604,278)

(761,646)

Net finance costs

(858,190)

(77,643)

Profit before income taxation

6,423,965

6,553,068

Income taxation

11.1.1

(2,261,117)

(2,187,381)

Profit for the period

4,162,848

4,365,687

Other comprehensive income

-

-

Total comprehensive income for the period

4,162,848

4,365,687

Earnings per share

Basic and diluted earnings per share

14

12.26

12.86

The accompaying notes form an integral part of these financial statements.

3

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Total Nigeria plc published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 11:52:09 UTC.