FIDSON HEALTHCARE PLC
Lagos, Nigeria
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 December 2022
FIDSON HEALTHCARE PLC
Unaudited report and financial statements
For the period ended 31 December 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 December 2022
Statement of Profit or Loss and Other Comprehensive Income
FOR THE YEAR ENDED 30 JUNE 2020 | 2022 | 2021 | ||||
Oct-Dec | Jan-Dec | Oct-Dec | Jan-Dec | |||
Notes | ₦'000 | ₦'000 | ₦'000 | ₦'000 | ||
Revenue | 5 | 9,205,994 | 40,634,143 | 9,108,208 | 30,860,817 | |
Cost of sales | 6 | (6,514,315) | (23,452,464) | (4,930,469) | (15,757,782) | |
Gross profit | 2,691,679 | 17,181,679 | 4,177,739 | 15,103,035 | ||
Other operating income | 7 | 132,659 | 817,484 | 184,489 | 596,552 | |
Administrative expenses | 8 | (446,731) | (5,711,348) | (1,942,524) | (6,416,079) | |
- | ||||||
Selling and distribution expenses | 9 | (1,343,332) | (4,905,793) | (845,581) | (3,421,283) | |
Operating profit | 1,034,276 | 7,382,021 | 1,574,123 | 5,862,225 | ||
Finance costs | 10 | (479,177) | (1,765,174) | (294,948) | (1,222,299) | |
Finance income | 11 | 31,092 | 65,423 | 19,764 | 77,718 | |
Profit before tax | 12 | 586,191 | 5,682,270 | 1,298,939 | 4,717,644 | |
Income tax provision | 13a | 109,483 | (1,546,742) | 96,255 | (997,731) | |
Profit for the Period | 695,675 | 4,135,528 | 1,395,194 | 3,719,913 | ||
Other comprehensive income: (OCI) | ||||||
Items to be reclassified to profit or loss in subsequent years: | ||||||
Fair value profit on available for sale | (230) | 70 | ||||
financial instruments | 34 | - | ||||
Net other comprehensive income to be reclassified to profit or loss | - | (230) | - | 70 | ||
Items not to be reclassified to | ||||||
profit or loss in subsequent years: | ||||||
Re- measurement gain on defined benefit plans | 26 | 33,851 | 33,851 | - | 20,011 | |
Income tax effect | 13c | (10,155) | (10,155) | - | (6,004) | |
Net other comprehensive income not to be reclassified | 23,696 | 23,696 | - | 14,007 | ||
to profit or loss | ||||||
Other comprehensive income, net of tax | 23,696 | 23,466 | - | 14,007 | ||
Total comprehensive income, net of tax | 719,370 | 4,158,993 | 1,395,194 | 3,733,920 | ||
Earnings per share - basic (in kobo) | ||||||
Basic and diluted | 26 | 181 | 67 | 178 |
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FIDSON HEALTHCARE PLC
Unaudited report and financial statements
For the period ended 31 December 2022
Statement of financial position
As at 31 December 2022
Dec -22 | Dec -21 | |||
ASSETS | Notes | ₦'000 | ₦'000 | |
Non-current assets | ||||
Property, plant and equipment | 14 | 19,571,202 | 14,892,994 | |
Right of use assets | 15 | 368,408 | 486,271 | |
Investment property | 16 | - | 31,823 | |
Intangible assets | 17 | 23,544 | 21,722 | |
Available- for-sale investments | 18a | 4,800 | 5,030 | |
Loans and receivables | 18b | 14,692 | 14,027 | |
Other non-current financial asset | 19/19a | 174,542 | 173,162 |
20,157,188 | 15,625,029 | |||
Current assets | ||||
Inventories | 20 | 14,606,785 | 11,154,535 | |
Trade and other receivables | 21 | 4,202,109 | 2,979,867 | |
Prepayments | 22 | 1,846,063 | 1,389,825 | |
Cash and cash equivalents | 23 | 2,115,137 | 1,956,154 | |
22,770,095 | 17,480,381 | |||
Total assets | 42,927,283 | 33,105,410 | ||
Equity and liabilities | ||||
Equity | ||||
Issued share capital | 32 | 1,147,498 | 1,043,180 | |
Share premium | 33 | 4,829,614 | 4,933,932 | |
Retained earnings | 10,866,485 | 7,774,138 | ||
Available for sale reserve | 34 | 355 | 585 | |
16,843,953 | 13,751,835 | |||
Non-current liabilities | ||||
Interest bearing loans and borrowings | 24 | 5,717,102 | 6,210,729 | |
Obligation under Finance Lease | 25 | - | 63,590 | |
Retirement benefit obligation | 26 | 263,602 | 268,185 | |
Government grant | 27 | 651,803 | 660,764 | |
Deferred revenue | 28 | - | 1,583 | |
Deferred tax liability | 13c | 1,187,219 | 1,177,063 | |
7,819,726 | 8,381,914 | |||
Current liabilities | ||||
Trade and other payables | 29 | 7,015,723 | 4,447,130 | |
Interest bearing loans and borrowings | 24 | 5,900,819 | 2,200,119 | |
Bank Overdraft | 23 | 290,004 | 259,662 | |
Other financial liabilities | 30 | 3,000,000 | 2,150,000 | |
Obligations under Finance Lease | 25 | 55,582 | 87,350 | |
Government grant | 27 | 346,595 | 356,651 | |
Deferred revenue | 28 | - | 3,167 | |
Income tax payable | 13b | 1,546,742 | 1,379,367 | |
Unclaimed dividend | 31b | 108,140 | 88,215 | |
18,263,604 | 10,971,661 | |||
Total liabilities | 26,083,330 | 19,353,575 | ||
Total equityand liabilities | 42,927,282 | 33,105,410 |
SIGNED ON BEHALF OFTHE BOARD OF DIRECTORS ON 24 JANUARY 2023
__________________________ | ___________________________ | __________________________ |
Fidelis Ayebae | Abiola Adebayo | Imokha Ayebae |
Managing Director/CEO | Deputy Managing Director | Finance Director |
FRC/2014/CIANG/00000002376 | FRC/2013/PSNIG/00000002162 | FRC/2021/001/00000023145 |
2 |
FIDSON HEALTHCARE PLC
Unaudited report and financial statements
For the period ended 31 December 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 | - | - | 3,719,913 | - | 3,719,913 |
Other comprehensive income for the year, net | - | - | 14,007 | 70 | 14,077 |
Total Comprehensive Income for the year | - | - | 3,733,920 | 70 | 3,733,990 |
Dividends (Note 32) | - | - | (521,590) | - | (521,590) |
At 31 December 2021 | 1,043,180 | 4,933,932 | 7,774,138 | 585 | 13,751,835 |
At 1 January 2022 | 1,043,180 | 4,933,932 | 7,774,138 | 585 | 13,751,835 |
Bonus Issue | 104,318 | (104,318) | - | - | - |
Profit for the year | - | - | 4,135,528 | (230) | 4,135,298 |
Other comprehensive income for the year, net | - | - | - | - | - |
Total Comprehensive Income for the year | - | - | 4,135,528 | (230) | 4,135,298 |
Dividends (Note 32) | - | - | (1,043,180) | - | (1,043,180) |
At 31 December 2022 | 1,147,498 | 4,829,614 | 10,866,485 | 355 | 16,843,952 |
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Fidson Healthcare plc published this content on 31 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2023 16:47:02 UTC.