Condensed results for the 1st quarter of 2022
INDUSTRIAL AND MEDICAL GASES NIGERIA PLC
|
RC 2035 |
|
|
PAGE CONTENT |
|
|
Page |
|
|
Statement of net income and other comprehensive income |
1 |
|
Statement of financial position |
2 |
|
Cash flow statement |
3 |
|
Statement of changes in equity |
4 |
|
Notes to the financial statements |
5-7 |
Industrial and Medical Gases Nigeria Plc QTR 1 FY 2022 Unaudited Financial Statements
REPORT TO THE NIGERIAN STOCK EXCHANGE
Industrial and Medical Gases Nigeria plc
Summary statement of comprehensive income
|
Unaudited |
Unaudited |
Checked |
||
|
Remarks |
January-March 2022 |
January-March 2021 |
January- December 2021 |
|
|
=N=’000 |
=N=’000 |
|||
|
Revenue |
15 |
1,127,882 |
778 486 |
3,699,230 |
|
Cost of sales |
(512,041) |
(427,612) |
(1,677,381) |
|
|
Gross profit |
615 841 |
350,875 |
2,021,849 |
|
|
Other income |
16 |
8,781 |
8,268 |
28,528 |
|
Other expenses |
(4,644) |
(4,464) |
(10,774) |
|
|
Selling and distribution costs |
17 |
(190,378) |
(104,536) |
(680,267) |
|
Administrative expenses |
(221,977) |
(142,548) |
(863,797) |
|
|
Operating result |
207,623 |
107,595 |
495,539 |
|
|
Financial products |
18 |
23,582 |
2,268 |
62,794 |
|
Financial cost |
(39,217) |
(22,810) |
(6,137) |
|
|
Profit before income tax |
191,988 |
87,053 |
552 196 |
|
|
Income tax (provision) |
(61,410) |
(26,831) |
(180 177) |
|
|
Net profit for the 3 months |
130,578 |
60,222 |
372,019 |
|
|
The other extended result |
||||
|
Actuarial gain of the defined benefit plan |
– |
– |
– |
|
|
Tax on the actuarial gain |
– |
– |
– |
|
|
Total overall result for the 3 months |
130,578 |
60,222 |
372,019 |
|
|
Basic and diluted earnings per share (kobo) |
31 |
14 |
89 |
Industrial and Medical Gases Nigeria Plc QTR 1 FY 2022 Unaudited Financial Statements
Industrial and Medical Gases Nigeria plc
Condensed Statement of Financial Position
|
Unaudited |
|||
|
January-March 2022 |
January-December 2021 |
||
|
ASSETS |
=N=’000 |
=N=’000 |
|
|
Non-current assets |
|||
|
Fixed assets |
ten |
2,165,858 |
2,084,838 |
|
Asset Use Rights |
– |
– |
|
|
Other tax assets |
88,748 |
34,047 |
|
|
Deposits and other assets |
– |
– |
|
|
2,254,605 |
2,118,885 |
||
|
Inventories |
11 |
578 254 |
493,039 |
|
Customers and other debtors |
673,846 |
489,815 |
|
|
Installments |
216 102 |
189 132 |
|
|
Other tax assets |
287,856 |
287,856 |
|
|
Cash and cash equivalents |
1,526,553 |
2,017,284 |
|
|
3,282,612 |
3,477,126 |
||
|
Total assets |
5,537,217 |
5,596,011 |
|
|
Equity and liabilities |
|||
|
Equity |
|||
|
Share the capital |
208 122 |
208 122 |
|
|
General reserve |
2,975,095 |
2,844,517 |
|
|
Other reserves |
436 |
436 |
|
|
Total equity |
3,183,654 |
3,053,075 |
|
|
Non-current liabilities |
|||
|
Benefits liability |
12 |
19,925 |
19,925 |
|
Deferred tax liabilities |
391,659 |
391,659 |
|
|
411 584 |
411 584 |
||
|
Current liabilities |
|||
|
Current tax debts |
386,802 |
325 394 |
|
|
Commercial creditors |
735 717 |
557 114 |
|
|
Other creditors and accrued liabilities |
13 |
468,731 |
407 305 |
|
Provision |
56,764 |
56,764 |
|
|
Contractual responsibility |
160,632 |
141,038 |
|
|
Dividend payable |
133 333 |
133 333 |
|
|
Amount due to related companies |
14 |
– |
510 404 |
|
1,941,980 |
2,131,352 |
||
|
Total responsibilities |
2,353,564 |
2,542,936 |
|
|
Total equity and liabilities |
5,537,217 |
5,596,011 |
Checked
These financial statements were approved by the Board of Directors on April 20, 2022 and signed in its name by:
Industrial and Medical Gases Nigeria Plc QTR 1 FY 2022 Unaudited Financial Statements
Industrial and Medical Gases Nigeria plc
Condensed cash flow statement
|
January-March 2022 |
January-December 2021 |
|
|
=N=’000 |
=N=’000 |
|
|
Cash flow from operating activities |
||
|
Profit before income tax |
207,623 |
495,539 |
|
Adjustments for non-monetary items: |
||
|
Depreciation |
68,260 |
270,012 |
|
Profit from fixed asset sales |
(1,103) |
|
|
Change in working capital: |
||
|
Inventories |
(85,215) |
(60,137) |
|
Customers and other debtors |
(238,732) |
(43,716) |
|
Suppliers and other creditors |
178,603 |
178,307 |
|
Accounts of related companies |
(510,404) |
– |
|
Installments |
(26,970) |
137 106 |
|
Other current liabilities |
81,020 |
51,718 |
|
Right of use |
– |
80 293 |
|
Rental debts |
– |
(108,600) |
|
Income tax paid |
– |
(84,278) |
|
Net cash from operating activities |
(325,815) |
915 141 |
|
Cash flow from investing activities |
||
|
Purchase of fixed assets |
(149,281) |
(187,782) |
|
Proceeds from sale of fixed assets |
– |
1,118 |
|
Interest received |
23,582 |
62,794 |
|
Net cash provided by investing activities |
(125,699) |
(123,870) |
|
Cash flow from financing activities |
||
|
Dividend paid |
– |
(412,557) |
|
Debit interest – lease |
(39,217) |
(4,782) |
|
Net cash provided by financing activities |
(39,217) |
(417,339) |
|
Net (decrease)/increase in cash and cash equivalents |
(490,731) |
373,932 |
|
Cash and cash equivalents as of January 1 |
2,017,284 |
1,643,352 |
|
Cash and cash equivalents as of December 31 |
1,526,553 |
2,017,284 |
Industrial and Medical Gases Nigeria Plc QTR 1 FY 2022 Unaudited Financial Statements
|
Industrial and Medical Gases Nigeria plc |
||
|
Condensed statement of changes in equity |
||
|
Share the capital |
Retained earnings |
|
|
Balance as of January 1 |
=N=’000 |
=N=’000 |
|
Balance as of January 1, 2022 |
208 122 |
2,844,953 |
|
Profit for the period |
130,578 |
|
|
The other extended result |
– |
|
|
Transactions with shareholders: |
||
|
Unclaimed dividends are now statute barred |
||
|
Dividends paid/declared |
||
|
Balance as of March 31, 2022 |
208 122 |
2,975,531 |
|
Balance as of January 1, 2021 |
208 122 |
2,671,118 |
|
Profit for the period |
372,019 |
|
|
Other comprehensive income – Actuarial gain |
436 |
|
|
Transactions with shareholders: |
||
|
Unclaimed dividends are now statute barred |
9,502 |
|
|
Dividends paid/declared |
(208,122) |
|
|
Balance as of December 31, 2021 |
208 122 |
2,844,953 |
This is an excerpt from the original content. To continue reading it, access the original document here.
Warning
Industrial and Medical Gases Nigeria plc published this content on April 22, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Apr 22, 2022 05:57:08 UTC.
Public now 2022
|
|
|
|
|
|
|
|
|
|
Evolution of the income statement
Comments are closed.