UNIVERSITY PRESS PLC UNAUDITED FINANCIAL STATEMENTS FOR FOURTH QUARTER ENDED 31ST MARCH 2023
UNIVERSITY PRESS PLC
UNAUDITED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FOURH QUARTER ENDED 31 MARCH 2023
Apr -March | Apr -March | |||
2023 | 2022 | |||
Notes | N'000 | N'000 | ||
Revenue | 1 | 2,163,048 | 2,305,714 | |
Cost of sales | (843,935) | (977,334) | ||
Gross profit | 1,319,113 | 1,328,380 | ||
Other operating income | 2 | 45,370 | 66,982 | |
Marketing and distribution expenses | (512,241) | (446,438) | ||
Administrative expenses | (675,810) | (619,771) | ||
Profit/(Loss) from continuing operations | 176,432 | 329,153 | ||
Finance Income | 2 | 31,234 | 32,346 | |
Profit/ (Loss) before taxation | 207,666 | 361,499 | ||
Taxation Expense | 3 | (71,250) | (154,007) | |
Profit/(Loss) after tax from continuing operations | 136,416 | 207,492 | ||
Total Comprehensive income/(loss) | ||||
attributable to owners of the entity | 136,416 | 207,492 | ||
Basic earnings per 50k share | 32k | 48k | ||
Diluted earnings per 50k share | 32k | 48k | ||
UNIVERSITY PRESS PLC
UNAUDITED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023
March | March | |||
Assets | 2023 | 2022 | ||
Non-current assets | Notes | N'000 | N'000 | |
Property, plant and equipment | 4 | 1,532,823 | 1,518,460 | |
Investment Property | 364,140 | 354,000 | ||
1,896,963 | 1,872,460 | |||
Current assets | ||||
Inventories and work-in-progress | 5 | 1,483,113 | 1,299,308 | |
Trade receivables | 6 | 15,664 | 238,653 | |
Other receivables and prepayments | 7 | 46,936 | 36,017 | |
Cash and cash equivalents | 15 | 769,188 | 841,056 | |
Total current assets | 2,314,901 | 2,415,034 |
Total assets | 4,211,864 | 4,287,494 | ||
Equity and Liabilities | ||||
Current liabilities | ||||
Trade payables | 8 | 6,734 | 67,988 | |
Other payables and accruals | 9 | 579,873 | 605,367 | |
Unclaimed dividends | 131,695 | 144,438 | ||
Current income tax liability | 3 | 71,316 | 140,728 | |
789,618 | 958,521 | |||
Non-Current liabilities | ||||
Deferred taxation | 156,640 | 156,640 | ||
Total Liabilities | ||||
946,258 | 1,115,161 |
Net Assets | 3,265,606 | 3,172,332 | ||
Equity | ||||
Share capital | 10 | 215,705 | 215,705 | |
Share premium | 11 | 146,755 | 146,755 | |
Capital reserve | 12 | 1,442 | 1,442 | |
Revaluation reserves | 13 | 1,094,896 | 1,094,896 | |
Revenue reserve | 14 | 1,806,808 | 1,713,533 | |
3,265,606 | 3,172,332 |
The financial statements were approved by the Board on 26th April, 2023 and signed on its behalf by:
Mr. Obafunso Ogunkeye | Mr. S. Kolawole | Dr. G. A. Adebayo |
Chairman | Managing Director | Executive Director (Finance) |
FRC/2013/CITN/00000003567 | FRC/2013/ICSAN/0000000324 | FRC/2013/ICAN/00000003250 |
The accompanying notes and significant accounting policies form an integral part of these financial statements.
UNIVERSITY PRESS PLC
UNAUDITED STATEMENT OF CHANGES IN EQUITY
FOR THE FOURTH QUARTER | ENDED 31 MARCH 2023 | PPE | ||||||
Share | Share | Capital | revaluation | Revenue | Total | |||
Capital | Premium | Reserve | Reserve | Reserve | Equity | |||
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | |||
Balance at 1 April 2022 | 215,705 | 146,755 | 1,442 | 1,094,896 | 1,713,533 | 3,172,332 | ||
Profit for the period | - | - | - | - | 136,416 | 136,416 | ||
Total comprehensive profit | ||||||||
- | - | - | - | 136,416 | 136,416 | |||
Transactions with owners: | ||||||||
Dividend paid | - | - | - | - | (43,141) | (43,141) | ||
- | - | - | - | (43,141) | (43,141) | |||
Balance at 31 March 2023 | ||||||||
215,705 | 146,755 | 1,442 | 1,094,896 | 1,806,808 | 3,265,607 | |||
Balance at 1 April 2021
Comprehensive income for the year:
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss Revaluation gain net of tax
Total comprehensive income
215,705 | 146,755 | 1,442 | 772,448 | 1,527,612 | 2,663,962 |
- | - | - | - | 207,492 | 207,492 |
- | - | - | - | 207,492 | 207,492 |
- | - | - | 322,448 | - | 322,448 |
- | - | - | - | - | - |
- | - | - | 322,448 | 207,492 | 529,940 |
Transactions with owners: | ||||||
Dividend paid | - | - | - | - | (21,571) | (21,571) |
- | - | - | - | (21,571) | (21,571) | |
Balance at 31 March 2022 | 215,705 | 146,755 | 1,442 | 1,094,896 1,713,533 3,172,332 |
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University Press plc published this content on 27 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2023 10:09:30 UTC.
