FIDSON HEALTHCARE PLC
Lagos, Nigeria
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022
FIDSON HEALTHCARE PLC
Unaudited report and financial statements
For the period ended 31 March 2022
Table of Contents
Statement of Cash Flows ....................................................................................................................................... 4
Notes to the financial statements . ........................................................................................................................ 5
FIDSON HEALTHCARE PLC
Unaudited report and financial statements
For the period ended 31 March 2022
Statement of Profit or Loss and Other Comprehensive Income
FOR THE YEAR ENDED 30 JUNE 2020
Revenue 5
Income tax provision 13a
Profit for the Period
Jan-Mar | Jan-Mar | Jan-Mar | Jan-Mar | |
₦'000 | ₦'000 | ₦'000 | ₦'000 | |
10,244,020 | 10,244,020 | 6,353,479 | 6,353,479 | |
- | ||||
(5,782,985) | (5,782,985) | (3,478,202) | (3,478,202) | |
- | ||||
4,461,035 | 4,461,035 | 2,875,276 | 2,875,276 | |
190,307 | 190,307 | 77,279 | 77,279 | |
(1,157,178) | (1,157,178) | (919,350) | (919,350) | |
(1,434,169) | (1,434,169) | (860,045) | (860,045) | |
2,059,994 | 2,059,994 | 1,173,160 | 1,173,160 | |
(369,573) | (369,573) | (323,884) | (323,884) | |
12,791 | 12,791 | 3,007 | 3,007 | |
1,703,211 | 1,703,211 | 852,283 | 852,283 | |
(553,544) | (553,544) | (272,731) | (272,731) | |
- | ||||
1,149,668 | 1,149,668 | 579,553 | 579,553 | |
- | ||||
Net other comprehensive income to be reclassified to profit or loss | - | - | - | - |
Items not to be reclassified to | ||||
profit or loss in subsequent years: | ||||
- | - | |||
- | - | - | - | |
- | - | - | ||
- | - | - | - | |
1,149,668 | 1,149,668 | 579,553 | 579,553 | |
55 | 55 | 28 | 28 |
Notes
Cost of sales 6
Gross profit
Other operating income 7
Administrative expenses 8
Selling and distribution expenses 9
Operating profit
Finance costs 10
Finance income 11
Profit before tax 12
Other comprehensive income: (OCI)
Items to be reclassified to profit or loss in subsequent years: Fair value profit on available for sale
financial instruments 34
Re- measurement gain on defined benefit plans 26
Income tax effect 13cNet other comprehensive income not to be reclassified to profit or loss
Other comprehensive income, net of tax
Total comprehensive income, net of tax Earnings per share - basic (in kobo)
Basic and diluted
2022
2021
FIDSON HEALTHCARE PLC
Unaudited report and financial statements
For the period ended 31 March 2022
Statement of financial position
As at 31 March 2022
Mar-22 | Dec-21 | ||
ASSETS | Notes | ₦'000 | ₦'000 |
Non-current assets | |||
Property, plant and equipment | 14 | 16,355,231 | 14,892,994 |
Right of use assets | 15 | 460,063 | 486,271 |
Investment property | 16 | 31,593 | 31,823 |
Intangible assets | 17 | 19,974 | 21,722 |
Available- for-sale investments | 18a | 5,030 | 5,030 |
Loans and receivables | 18b | 14,027 | 14,027 |
Other non-current financial asset | 19 | 173,162 | 173,162 |
17,059,081 | 15,625,029 | ||
Current assets | |||
Inventories | 20 | 13,174,034 | 11,154,535 |
Trade and other receivables | 21 | 3,792,833 | 2,979,867 |
Prepayments | 22 | 202,217 | 1,389,825 |
Cash and cash equivalents | 23 | 2,153,291 | 1,956,154 |
19,322,376 | 17,480,380 | ||
Total assets | 36,381,457 | 33,105,409 | |
Equity and liabilities | |||
Equity | |||
Issued share capital | 32 | 1,043,180 | 1,043,180 |
Share premium | 33 | 4,933,932 | 4,933,932 |
Retained earnings | 8,923,806 | 7,774,138 | |
Available for sale reserve | 34 | 585 | 585 |
14,901,503 | 13,751,835 | ||
Non-current liabilities | |||
Interest bearing loans and borrowings | 24 | 8,607,080 | 6,210,729 |
Obligation under Finance Lease | 25 | 63,590 | 63,590 |
Retirement benefit obligation | 26 | #REF! | 268,185 |
Government grant | 27 | 803,087 | 660,764 |
Deferred revenue | 28 | 1,583 | 1,583 |
Deferred tax liability | 13c | 1,177,063 | 1,177,063 |
#REF! | 8,381,914 | ||
Current liabilities | |||
Trade and other payables | 29 | 5,346,249 | 4,447,130 |
Interest bearing loans and borrowings | 24 | 2,278,576 | 2,200,119 |
Bank Overdraft | 23 | 193,432 | 259,662 |
Other financial liabilities | 30 | - | 2,150,000 |
Obligations under Finance Lease | 25 | 66,953 | 87,350 |
Government grant | 27 | 650,654 | 356,651 |
Deferred revenue | 28 | 2,375 | 3,167 |
Income tax payable | 13b | 1,932,911 | 1,379,367 |
Unclaimed dividend | 31b | 88,215 | 88,215 |
10,559,365 | 10,971,661 | ||
Total liabilities | #REF! | 19,353,575 | |
Total equityand liabilities | #REF! | 33,105,410 |
SIGNED ON BEHALF OFTHE BOARD OF DIRECTORS ON 28 April 2022
__________________________
Fidelis Ayebae
Managing Director/CEO FRC/2014/CIANG/00000002376
___________________________
Abiola Adebayo
Executive Director FRC/2013/PSNIG/00000002376
__________________________
Imokha Ayebae
Chief Financial Officer
The Financial Reporting Council of Nigeria (FRC), through a letter dated 11 November 2021, granted a waiver which allows the Chief Financial Officer to sign the financial statements for the year ended 31 December 2021 without indicating any FRC registration Number.
FIDSON HEALTHCARE PLC
Unaudited report and financial statements
For the period ended 31 March 2022
Statement of Changes in Equity
Share | Share | Retained | Available- | Total | |
for-sale | |||||
capital | premium | earnings | |||
reserve | |||||
₦000 | ₦000 | ₦000 | ₦000 | ₦000 | |
At 1 January 2021 | 1,043,180 | 4,933,932 | 4,561,808 | 515 | 10,539,435 |
Profit for the year | - | - | 579,553 | - | 579,553 |
Other comprehensive income for the year, net | - | - | - | - | - |
Total Comprehensive Income for the year | - | - | 579,553 | - | 579,553 |
Dividends (Note 32) | - | - | - | - | |
At 31 March 2021 | 1,043,180 | 4,933,932 | 5,141,361 | 515 | 11,118,988 |
At 1 January 2022 | 1,043,180 | 4,933,932 | 7,774,138 | 585 | 13,751,835 |
Profit for the year | - | - | 1,149,668 | - | 1,149,668 |
Other comprehensive income for the year, net | - | - | - | - | - |
Total Comprehensive Income for the year | - | - | 1,149,668 | - | 1,149,668 |
Dividends (Note 32) | - | - | - | - | - |
At 31 March 2022 | 1,043,180 | 4,933,932 | 8,923,806 | 585 | 14,901,503 |
3 |
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Fidson Healthcare plc published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 18:37:09 UTC.