Unilever Nigeria Plc
Unaudited Interim Financial Statements
For the Six Months ended 30 June 2023
1
Unilever Nigeria Plc
Unaudited Interim Financial Statements for the Six Months Ended 30 June 2023
Contents | Page |
- Statement of profit or loss and other comprehensive income | 3 - 5 |
- Statement of financial position | 6 - 7 |
- Statement of changes in equity | 8 |
- Statement of cash flows | 9 |
- Notes to the financial statements | 10 |
2
Unilever Nigeria Plc
Unaudited Interim Financial Statements for the Six Months Ended 30 June 2023
Statement of profit or loss and other comprehensive income For three months ended
30 June 2023 | 30 June 2022 | ||||
Note | N'000 | N'000 | |||
Revenue | 7 | 29,597,329 | 23,246,014 | ||
Cost of sales | (27,107,141) | (16,219,082) | |||
Gross profit | 2,490,188 | 7,026,932 | |||
Selling and distribution expenses | (1,300,866) | (1,274,257) | |||
Marketing and administrative expenses | (3,092,507) | (4,827,155) | |||
Impairment loss on trade and intercompany | (1,398,346) | 7,029 | |||
receivables | |||||
Other income | 26,331 | 30,751 | |||
Operating profit / (loss) | (3,275,200) | 963,300 | |||
Finance income | 1,570,756 | 172,443 | |||
Finance costs | 1,874,383 | (507,467) | |||
Net finance Income/(costs) | 3,445,139 | (335,024) | |||
Profit before minimum taxation | 169,939 | 628,276 | |||
Minimum tax expense | - | - | |||
Profit before taxation | 169,939 | 628,276 | |||
Taxation | (78,461) | (517,909) | |||
Profit from continuing operations | 91,478 | 110,367 | |||
Profit for the period | 91,478 | 110,367 | |||
Attributable to: | |||||
Equity holders | 91,478 | 110,367 | |||
Earnings per share for profit attributable to equity holders: | |||||
Basic and diluted earnings per share (Naira) | 0.02 | 0.02 | |||
The accompanying notes form an integral part of these financial statements.
3
Unilever Nigeria Plc
Unaudited Interim Financial Statements for the Six Months Ended 30 June 2023
Statement of profit or loss and other comprehensive income For six months ended
30 June 2023 | 30 June 2022 | |||
Note | N'000 | N'000 | ||
Revenue | 7 | 54,205,726 | 43,806,473 | |
Cost of sales | 8 | (41,115,285) | (29,605,523) | |
Gross profit | 13,090,441 | 14,200,950 | ||
Selling and distribution expenses | (2,558,819) | (2,284,616) | ||
Marketing and administrative expenses | 9 | (7,641,678) | (8,884,115) | |
Impairment loss on trade receivables | (1,661,102) | 52,023 | ||
Other income | 10 | 52,732 | 66,659 | |
Operating profit | 1,281,574 | 3,150,901 | ||
Finance income | 11(i) | 1,754,138 | 456,507 | |
Finance costs | 11(ii) | 1,482,837 | (628,600) | |
Net finance Income/(costs) | 11 | 3,236,975 | (172,093) | |
Profit before minimum taxation | 4,518,549 | 2,978,808 | ||
Minimum tax expense | - | - | ||
Profit before taxation | 4,518,549 | 2,978,808 | ||
Taxation | 12 | (1,756,815) | (1,072,145) | |
Profit from continuing operations | 2,761,734 | 1,906,663 | ||
Profit for the period | ||||
2,761,734 | 1,906,663 | |||
Attributable to: | ||||
Equity holders | 2,761,734 | 1,906,663 | ||
Earnings per share for profit attributable to equity holders: | ||||
Basic and diluted earnings per share (Naira) | 0.48 | 0.33 | ||
The accompanying notes form an integral part of these financial statements.
4
Unilever Nigeria Plc
Unaudited Interim Financial Statements for the Six Months Ended 30 June 2023
Statement of profit or loss and other comprehensive income (Continued)
For three months ended | |||
30 June | 30 June 2022 | ||
2023 | |||
N'000 | N'000 | ||
Other comprehensive income | - | - | |
Profit for the period | 91,478 | 110,367 | |
Total comprehensive income | 91,478 | 110,367 | |
Attributable to: | |||
Equity holders | 91,478 | 110,367 | |
For six months ended | |||
30 June | 30 June 2022 | ||
2023 | |||
N'000 | N'000 | ||
Other comprehensive income | - | - | |
Profit for the period | 2,761,734 | 1,906,663 | |
Total comprehensive income | 2,761,734 | 1,906,663 | |
Attributable to: | |||
Equity holders | 2,761,734 | 1,906,663 | |
The accompanying notes form an integral part of these financial statements.
5
Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Unilever Nigeria plc published this content on 24 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 July 2023 11:31:05 UTC.