CHEMICAL AND ALLIED PRODUCTS PLC FINANCIAL
STATEMENTS FOR THE PERIOD ENDED
30 JUNE 2023
Chemical and Allied Products Plc
Unaudited Financial Statements
For the Period Ended 30 June 2023
Contents | |
Financial Highlights | 3 |
Statement of profit or loss and other comprehensive income | 4 |
Statement of financial position | 5 |
Statement of cash flows | 6 |
Statement of change in Equity | 7 |
Notes to the Financial Statements | 8-40 |
2
Chemical and Allied Products Plc
Unaudited Financial Statements
For the Period Ended 30 June 2023
Financial highlights | 6 Months to | 6 Months to | |
% | |||
Jun 2023 | Jun 2022 | ||
₦'000 | ₦'000 | change | |
Revenue | 9,777,293 | 8,745,101 | 12 |
Operating profit | 1,238,681 | 1,320,045 | (6) |
Finance income | 786,527 | 10,108 | 7,681 |
Profit before taxation | 1,911,917 | 1,329,352 | 44 |
Taxation | (630,933) | (425,393) | 48 |
Profit for the year | 1,280,984 | 903,959 | 42 |
Total equity and liabilities | 15,333,897 | 11,825,866 | 30 |
Additions to property, plant & equipment (PPE) | 319,309 | 227,275 | 40 |
Depreciation on PPE | 205,226 | 151,279 | 36 |
Cash and cash equivalents | 4,529,017 | 3,086,082 | 47 |
Earnings per share (kobo) - Basic and diluted | 157 | 111 | 42 |
Net asset per share (kobo) - Basic | 840 | 615 | 37 |
3
Chemical and Allied Products Plc
Unaudited Statement of Profit or Loss and Other Comprehensive Income For the Period Ended 30 June 2023
Revenue
Cost of sales
Gross profit
Selling and Marketing expenses Administrative expenses
Other income
Operating profit
Finance income
Finance cost
Net Finance income
Profit before taxation
Income tax expense
Profit for the year
Other comprehensive income for the year net of tax
Total comprehensive income for the year
Earnings per share for profit attributable to the equity holders of the company:
Basic and diluted EPS (kobo)
Notes
5
7i
7iii
7ii
6
9
10
11
13
3 Months to 3 Months to
Jun 2023 Jun 2022
₦'000 ₦'000
5,806,049 4,089,319
(3,527,459) (2,382,671)
2,278,590 1,706,648
(535,390) (445,440)
(957,630) (785,270)
62,217 35,186
847,787 511,124
578,428 37,294
(90,794) (390)
487,633 36,903
1,335,420 548,027
(443,571) (175,369)
891,849 372,658
891,849 372,658
10947
6 Months to | 6 Months to |
Jun 2023 | Jun 2022 |
₦'000 | ₦'000 |
9,777,293 | 8,745,101 |
(6,140,341) | (5,230,741) |
3,636,952 | 3,514,360 |
(875,505) | (895,922) |
(1,694,513) | (1,374,243) |
171,747 | 75,849 |
1,238,681 | 1,320,045 |
786,527 | 10,108 |
(113,291) | (801) |
673,236 | 9,307 |
1,911,917 | 1,329,352 |
(630,933) | (425,393) |
1,280,984 | 903,959 |
1,280,984 903,959
157111
The financial statements have been approved and authorised for issue by the board of Directors on 21 July 2023.
The accompanying notes to the financial statements form part of these financial statements.
4
Chemical and Allied Products Plc Unaudited Statement of Financial Position For the Period Ended 30 June 2023
Assets
Non-current assets Property, plant and equipment Right of use asset Intangible assets
Finance lease receivable
Current assets
Inventories
Trade and other receivables Finance lease receivable Prepayments
Cash and cash equivalents
Assets held for sale
Total assets
Liabilities Non-current liabilities Lease Liability
Deferred taxation liabilities
Current liabilities
Trade and other payables Lease liability
Current income tax liabilities Import finance facility Dividend payable
Total liabilities
Ordinary share capital Share premium
Other Reserves from business combination
Retained Earnings
Equity attributable to equity holders of the Company Total equity
Total equity and liabilities
Notes
14
16
15
18b
17
18a
18b
19
20
24
23
21
24
11
26
12
21
21
2023 | 2022 |
₦'000 | ₦'000 |
1,825,434 | 1,723,492 |
8,206 | 11,206 |
357,772 | 394,821 |
10,372 | 10,372 |
2,201,784 | 2,139,891 |
6,061,673 | 5,100,796 |
879,041 | 868,135 |
- | 600 |
1,424,243 | 1,297,565 |
4,529,017 | 3,761,078 |
12,893,974 | 11,028,174 |
238,139 | 238,139 |
13,132,113 | 11,266,313 |
15,333,897 | 13,406,204 |
7,220 | 7,874 |
328,672 | 328,672 |
335,892 | 336,546 |
4,994,125 | 3,350,598 |
1,417 | 1,417 |
1,261,145 | 922,800 |
663,460 | 735,110 |
1,460,132 | 1,460,132 |
8,380,279 | 6,470,057 |
8,716,171 | 6,806,603 |
407,374 | 407,374 |
523,850 | 523,850 |
968,267 | 968,267 |
4,718,236 | 4,700,110 |
6,617,727 | 6,599,601 |
6,617,727 | 6,599,601 |
15,333,897 | 13,406,204 |
Mr. Folasope Aiyesimoju | Mrs. Bolarin Okunowo | Mr. Yomi Adenson | |
Chairman | Managing Director | Finance Director & Risk | |
FRC/2019/IODN/00000019806 | FRC/2020/003/00000020768 | FRC/2021/001/00000023429 |
The accompanying notes to the financial statements form part of these financial statements.
5
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Chemical and Allied Products èòc 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 09:59:09 UTC.
