Champion Breweries Plc
RC: 13388
Unaudited Condensed Interim Financial Statements
30th June, 2023
Champion Breweries Plc
Condensed Interim Financial Statements for the six months period ended - 30th June 2023
Contents | Page |
Condensed interim income statement for the three months period ended 30th June | 2 |
Condensed interim statement of other comprehensive income for the | |
Month period ended 30th June | 3 |
Condensed interim statement of financial position | 4 |
Condensed interim statement of changes in equity | 5 |
Condensed interim statement of cash flows | 6-7 |
Notes to the condensed interim financial statements | 8-10 |
1
CONDENSED INTERIM INCOME STATEMENT
For the six month period ended 30th June
Revenue
Cost of Sales
Gross Profit
Other Income
Selling and Distribution Expenses
Administrative Expenses
Results from operating activities
Finance income
Finance costs
Net Finance costs
Profit before tax
Champion Breweries Plc
Condensed Interim Financial Statements for the six months period ended - 30th June 2023
Quarter to date | Quarter to date | Year to date | Year to date |
30th June | 30th June | 30th June | 30th June |
Restated | Re-stated | ||
2023 | 2022 | 2023 | 2022 |
N'000 | N'000 | N'000 | N'000 |
3,120,923 | 3,349,031 | 5,705,948 | 6,575,684 |
(2,323,209) | (2,184,417) | (4,432,921) | (4,208,914) |
797,714 | 1,164,614 | 1,273,027 | 2,366,770 |
19,741 | 71,921 | 43,665 | 103,950 |
(412,552) | (294,363) | (701,658) | (556,181) |
(209,377) | (204,132) | (539,117) | (402,632) |
195,525 | 738,040 | 75,918 | 1,511,907 |
3,366 | 26,211 | 10,253 | 53,019 |
(15,835) | (21,496) | (40,353) | (35,811) |
(12,469) | 4,715 | (30,100) | 17,208 |
183,057 | 742,755 | 45,818 | 1,529,115 |
Income tax expenses | (57,407) | (221,220) | (16,744) | (453,380) |
Profit after tax | 125,649 | 521,535 | 29,073 | 1,075,735 |
Profit for the year attributable to: | ||||
Owners of the Company | 125,649 | 521,535 | 29,073 | 1,075,735 |
Non-controlling interest | - | - | - | - |
Profit for the period | 125,649 | 521,535 | 29,073 | 1,075,735 |
Basic and diluted earnings per share (kobo) | 1.60 | 6.66 | 0.37 | 13.74 |
2
Champion Breweries Plc
Condensed Interim Financial Statements for the six months period ended - 30th June 2023
CONDENSED INTERIM STATEMENT OF | ||||
OTHER COMPREHENSIVE INCOME | ||||
For the six months period ended 30th June 2023 | ||||
Quarter to date | Quarter to date | Year to date Year to date | ||
30th June | 30th June | 30th June | 30th June | |
2023 | 2022 | 2023 | 2022 | |
N'000 | N'000 | N'000 | N'000 | |
Profit/(Loss) for the period | 125,649 | 521,535 | 29,073 | 1,075,736 |
Other comprehensive income, net of tax | - | - | - | - |
Total comprehensive income for the period | 125,649 | 521,535 | 29,073 | 1,075,736 |
3
Champion Breweries Plc
Condensed Interim Financial Statements for the six months period ended - 30th June 2023
CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION | ||
As at: | Restated | |
30th June | 31st Dec | |
2023 | 2022 | |
N'000 | N'000 | |
ASSETS | ||
Property, plant and equipment | 12,631,947 | 10,298,837 |
Right of use asset | 692,740 | 482,335 |
Deferred tax assets | 55,590 | - |
Non-current assets | 13,380,277 | 10,781,172 |
Inventories | 1,509,654 | 1,401,426 |
Trade and other receivables | 277,511 | 73,196 |
Contract asset | 1,184,313 | 947,029 |
Prepayments | 129,898 | 61,957 |
Cash and cash equivalents | 1,350,649 | 2,188,805 |
Current assets | 4,452,024 | 4,672,413 |
Total assets | 17,832,302 | 15,453,585 |
EQUITY | ||
Share capital | 3,914,748 | 3,914,748 |
Share premium | 519,100 | 519,100 |
Other Reserves | 3,701,612 | 3,701,612 |
Accumulated losses/gains | 3,012,997 | 2,983,924 |
Total Equity | 11,148,458 | 11,119,384 |
LIABILITIES | ||
Employee benefits | 465,133 | 479,047 |
Lease Liability | 752,099 | 445,076 |
Deferred tax laibility | 509,231 | 483,117 |
Non-current liabilities | 1,726,463 | 1,407,240 |
Income tax liabilities | 79,956 | 178,699 |
Lease Liability | 0 | 79,023 |
Trade and other payables | 4,231,907 | 1,951,516 |
Contract liability | 140,047 | 227,676 |
Provision | 505,471 | 490,047 |
Current liabilities | 4,957,381 | 2,926,961 |
Total liabilities | 6,683,845 | 4,334,201 |
Total equity and liabilities | 17,832,302 | 15,453,585 |
Approved by the Board of Directors in July, 2023 and signed on its behalf by:
__ | Dr Elijah Akpan (Chairman) FRC/2017/IODN/00000016127 | |
__ | Georgios Polymenakos (Managing Director) FRC/2021/003/00000023702 |
Additionally certified by:
Rasheed Adebiyi (Chief Finance Officer) FRC/2023/PRO/ICAN/001/423509
The notes on pages 8 to 10 are an integral part of these financial statements.
4
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Champion Breweries plc published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2023 12:43:10 UTC.