FIDSON HEALTHCARE PLC Lagos, Nigeria
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2022
FIDSON HEALTHCARE PLC
Unaudited report and financial statements
For the period ended 30 June 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 30 June 2022
Statement of Profit or Loss and Other Comprehensive Income
FOR THE YEAR ENDED 30 JUNE 2020 | 2022 | 2021 | ||||
April-June | Jan-June | April-June | Jan-June | |||
Notes | ₦'000 | ₦'000 | ₦'000 | ₦'000 | ||
Revenue | 5 | 10,135,456 | 20,379,476 | 6,574,978 | 12,929,312 | |
Cost of sales | 6 | (4,732,824) | (10,515,810) | (3,481,521) | (6,959,723) | |
Gross profit | 5,402,632 | 9,863,667 | 3,093,457 | 5,969,589 | ||
Other operating income | 7 | 221,957 | 412,264 | 354,015 | 430,439 | |
Administrative expenses | 8 | (1,367,975) | (2,525,152) | (1,417,413) | (2,336,763) | |
Selling and distribution expenses | 9 | (1,527,479) | (2,961,648) | (883,173) | (1,743,218) | |
Operating profit | 2,729,136 | 4,789,130 | 1,146,886 | 2,320,047 | ||
Finance costs | 10 | (427,742) | (797,316) | (285,862) | (609,747) | |
Finance income | 11 | 474 | 13,265 | 36,803 | 39,810 | |
Profit before tax | 12 | 2,301,867 | 4,005,079 | 897,828 | 1,750,110 | |
Income tax provision | 13a | (748,107) | (1,301,651) | (287,305) | (560,035) | |
Profit for the Period | 1,553,760 | 2,703,428 | 610,523 | 1,190,075 | ||
Earnings per share - basic (in kobo) | ||||||
Basic and diluted | 74 | 130 | 29 | 57 |
1
FIDSON HEALTHCARE PLC
Unaudited report and financial statements
For the period ended 30 June 2022
Statement of financial position
As at 30 June 2022
Jun-22 | Dec -21 | |||
ASSETS | Notes | ₦'000 | ₦'000 | |
Non-current assets | ||||
Property, plant and equipment | 14 | 17,772,662 | 14,892,994 | |
Right of use assets | 15 | 435,809 | 486,271 | |
Investment property | 16 | 31,364 | 31,823 | |
Intangible assets | 17 | 35,226 | 21,722 | |
Available- for-sale investments | 18a | 4,340 | 5,030 | |
Loans and receivables | 18b | 14,093 | 14,027 | |
Other non-current financial asset | 19/19a | 169,017 | 173,162 |
18,462,511 | 15,625,029 | |||
Current assets | ||||
Inventories | 20 | 14,620,651 | 11,154,535 | |
Trade and other receivables | 21 | 5,211,638 | 2,979,867 | |
Prepayments | 22 | 2,151,965 | 1,389,825 | |
Cash and cash equivalents | 23 | 3,634,088 | 1,956,154 | |
25,618,343 | 17,480,380 | |||
Total assets | 44,080,854 | 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 | 10,477,566 | 7,774,138 | ||
Available for sale reserve | 34 | (105) | 585 | |
16,454,573 | 13,751,835 | |||
Non-current liabilities | ||||
Interest bearing loans and borrowings | 24 | 8,566,799 | 6,210,729 | |
Obligation under Finance Lease | 25 | 63,590 | 63,590 | |
Retirement benefit obligation | 26 | 268,185 | 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 | |
10,880,307 | 8,381,914 | |||
Current liabilities | ||||
Trade and other payables | 29 | 7,317,799 | 4,447,130 | |
Interest bearing loans and borrowings | 24 | 4,184,023 | 2,200,119 | |
Bank Overdraft | 23 | 171,157 | 259,662 | |
Other financial liabilities | 30 | 3,000,000 | 2,150,000 | |
Obligations under Finance Lease | 25 | 45,625 | 87,350 | |
Government grant | 27 | 635,919 | 356,651 | |
Deferred revenue | 28 | 1,584 | 3,167 | |
Income tax payable | 13b | 1,301,651 | 1,379,367 | |
Unclaimed dividend | 31b | 88,215 | 88,215 | |
16,745,973 | 10,971,661 | |||
Total liabilities | 27,626,280 | 19,353,575 | ||
Total equityand liabilities | 44,080,854 | 33,105,410 |
SIGNED ON BEHALF OFTHE BOARD OF DIRECTORS ON 21 JULY 2022
__________________________ | ___________________________ | __________________________ |
Fidelis Ayebae | Abiola Adebayo | Imokha Ayebae |
Managing Director/CEO | Executive Director | Chief Financial Officer |
FRC/2014/CIANG/00000002376 | FRC/2013/PSNIG/00000002376 |
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.
2
FIDSON HEALTHCARE PLC
Unaudited report and financial statements
For the period ended 30 June 2022
Statement of Changes in Equity
Share | Share | Retained | Available- | Total | |
capital | premium | earnings | for-sale | ||
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 | - | - | 1,190,075 | - | 1,190,075 |
Other comprehensive income for the year, net | - | - | - | - | - |
Total Comprehensive Income for the year | - | - | 1,190,075 | - | 1,190,075 |
Dividends (Note 32) | - | - | - | - | |
At 30 June 2021 | 1,043,180 | 4,933,932 | 5,751,883 | 515 | 11,729,510 |
At 1 January 2022 | 1,043,180 | 4,933,932 | 7,774,138 | 585 | 13,751,835 |
Profit for the year | - | - | 2,703,428 | (690) | 2,702,738 |
Other comprehensive income for the year, net | - | - | - | - | - |
Total Comprehensive Income for the year | - | - | 2,703,428 | (690) | 2,702,738 |
Dividends (Note 32) | - | - | - | - | - |
At 30 June 2022 | 1,043,180 | 4,933,932 | 10,477,566 | (105) | 16,454,573 |
3
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Fidson Healthcare plc published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 14:21:05 UTC.