TOTALENERGIES MARKETING NIGERIA PLC TOTALENERGIES MARKETING NIGERIA PLC
UNAUDITED FINANCIAL STATEMENTS
JUNE 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 | 30 June | 30 June | |||
2023 | 2022 | Change | |||
₦'000 | ₦'000 | % | |||
Revenue | 274,602,860 | 209,014,372 | 31 | ||
Profit before income taxation | 13,476,053 | 12,732,574 | 6 | ||
Profit for the period | 8,787,348 | 8,528,826 | 3 | ||
Total comprehensive income for the period | 8,787,348 | 8,528,826 | 3 | ||
Share capital | 169,761 | 169,761 | - | ||
Shareholders' funds | 51,944,199 | 44,061,716 | 18 | ||
30 June | 30 June | ||||
2023 | 2022 | Change | |||
PER SHARE DATA: | % | ||||
Based on 339,521,837 ordinary | |||||
shares of 50 kobo each: | |||||
Earnings per 50 kobo share (Naira) - basic | 25.88 | 25.12 | 3 | ||
Stock exchange quotation (Naira) | 350.00 | 234.50 | 49 | ||
Number of staff | 424 | 435 | (3) |
1
TOTALENERGIES MARKETING NIGERIA PLC
STATEMENT OF FINANCIAL POSITION | ||||
AS AT | 30 June | 31 December | ||
2023 | 2022 | |||
Notes | ₦'000 | ₦'000 | ||
Non-current assets | ||||
Property, plant and equipment | 16 | 40,874,510 | 41,866,105 | |
Right-of-use assets | 17 (i) | 6,952,243 | 7,938,283 | |
Intangible assets | 15 | 167,345 | 191,875 | |
Trade and other receivables | 19.1 | 4,914,875 | 1,985,733 | |
Total non-current assets | 52,908,973 | 51,981,996 | ||
Current Assets | ||||
Inventories | 18 | 48,474,380 | 59,275,749 | |
Witholding tax receivables | 11.2.1 | (206,743) | 984,265 | |
Trade and other receivables | 19 | 135,421,289 | 111,391,821 | |
Prepayments | 20 | 1,937,464 | 1,457,577 | |
Cash and cash equivalents | 27 | 111,690,904 | 82,724,315 | |
Total current assets | 297,317,294 | 255,833,727 | ||
Total assets | 350,226,267 | 307,815,723 | ||
Equity | ||||
Share capital | 26 | 169,761 | 169,761 | |
Retained earnings | 51,774,438 | 50,117,049 | ||
Total equity | 51,944,199 | 50,286,810 | ||
Non-current liabilities | ||||
Deferred tax liabilities | 11.3 | 7,606,469 | 7,655,848 | |
Lease liabilities | 22 | 215,593 | 361,427 | |
Employee benefits | 12 | 1,723,021 | 1,551,290 | |
Total non-current liabilities | 9,545,083 | 9,568,565 | ||
Current liabilities | ||||
Current tax liabilities | 11.2 | 4,428,117 | 6,351,740 | |
Loans and borrowings | 21 | 66,977,544 | 47,741,972 | |
Trade and other payables | 24 | 213,347,906 | 190,091,170 | |
Deferred income | 25 | 3,761,140 | 3,402,832 | |
Lease liabilities | 22 | 222,278 | 372,634 | |
Total current liabilities | 288,736,985 | 247,960,348 | ||
Total liabilities | 298,282,068 | 257,528,913 | ||
Total equity and liabilities | 350,226,267 | 307,815,723 |
These financial statements were approved and authorised for issue by the Board of Directors of the Company on 20 July 2023 and signed on behalf of the Board by:
Seye Samba - Managing Director
FRC/2021/003/00000024858
Additionally certified by:
Samson Eghwerehe - Head of Finance
FRC/2018/ICAN/00000018952
Lesley Green - Executive Director
FRC/2020/003/00000020680
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
For the three months ended | For the six months ended | ||||||
30 June | 30 June | 30 June | 30 June | ||||
2023 | 2022 | 2023 | 2022 | ||||
Notes | ₦'000 | ₦'000 | ₦'000 | ₦'000 | |||
Revenue | 6 | 139,325,253 | 111,405,310 | 274,602,860 | 209,014,372 | ||
Cost of sales | 7 | (119,301,011) | (96,095,053) | (239,568,181) | (179,212,410) | ||
Gross profit | 20,024,242 | 15,310,257 | 35,034,679 | 29,801,962 |
Other income
Other expenses
Selling & distribution costs
Administrative expenses
Impairment write-back/ (loss) on financial assets
8.1 1,003,099
8.1.2 (1,502,802)
- (1,273,875)
- (10,125,485)
30 (iv) | 58,143 |
848,896 | 1,971,679 | 1,741,256 | |
- | (1,502,802) | - | |
(1,167,807) | (2,189,863) | (2,328,841) | |
(7,860,571) | (17,927,511) | (15,425,807) | |
(224,382) | 79,295 | (251,466) | |
Operating profit | 8,183,322 | |
Finance income | ||
9 | 504,409 | |
Finance costs | 9 | (1,635,643) |
Net finance costs | (1,131,234) | |
Profit before income taxation | 7,052,088 | |
Income taxation | 11.1.1 | (2,427,588) |
Profit for the period | 4,624,500 | |
Other comprehensive income | - | |
Total comprehensive income for | ||
4,624,500 | ||
the period | ||
Earnings per share | ||
Basic and diluted earnings per share | 14 | 13.62 |
6,906,393 | 15,465,477 | 13,537,104 | |
437,911 | 1,250,497 | 1,121,914 | |
(1,164,798) | (3,239,921) | (1,926,444) | |
(726,887) | (1,989,424) | (804,530) | |
6,179,506 | 13,476,053 | 12,732,574 | |
(2,016,367) | (4,688,705) | (4,203,748) | |
4,163,139 8,787,348 8,528,826
- | - | - | |
4,163,139 8,787,348 8,528,826
12.2625.8825.12
The accompaying notes form an integral part of these financial statements.
3
| 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
Total Nigeria plc published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 11:28:02 UTC.
