2015 2015 2014 2014 Revenue Cost of Sales Gross Profit Other ...

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STATEMENT OF FINANCIAL POSITION AS AT DECEMBER, 2015. UNAUDITED .... CASH FLOW FROMS FINANCING ACTIVITIES. Interest expe
SEVEN UP BOTTLING CO PLC

Statement of profit or loss and Comprehensive Income FOR THE QUARTER ENDED DECEMBER, 2015

UNAUDITED

UNAUDITED

UNAUDITED

UNAUDITED

OCT-DEC

APRIL-DEC

OCT-DEC

APRIL-DEC

2015

2015

2014

2014

=N='000

=N='000

=N='000

=N='000

20,656,614

60,226,131

21,687,708

59,829,956

(14,479,341)

(42,120,744)

(13,147,341)

(37,148,248)

6,177,274

18,105,387

8,540,368

22,681,708

123,393

158,916

6,311

58,767

Selling & Distribution Expenses

(3,369,164)

(8,465,772)

(3,435,478)

(10,240,069)

Administration Expenses

(1,519,361)

(4,357,951)

(1,580,459)

(4,876,298)

1,412,142

5,440,580

3,530,742

7,624,107

NOTE

Revenue Cost of Sales Gross Profit Other Income

Results from operating activities Finance costs Profit before Income Tax

1

(899,243)

(2,556,558)

512,899

2,884,022

Income tax expense

(102,580)

Profit for the period

410,319

(653,619) 2,230,403

(938,865) 2,591,877 (530,162) 2,061,715

(1,801,261) 5,822,846 (1,281,026) 4,541,820

SEVEN UP BOTTLING CO PLC

STATEMENT OF FINANCIAL POSITION AS AT DECEMBER, 2015

UNAUDITED UNAUDITED 2015 DECEMBER2014 DECEMBER ASSETS Non-current At Cost Less: Accumulated Depreciation Property, plant and equipment

AUDITED 2015 MARCH

=N='000 90,184,932 (47,497,671) 42,687,261

=N='000 84,289,289 (40,828,683) 43,460,606

=N='000 86,217,682 (41,777,007) 44,440,675

115,627 (109,018) 6,609 78,331 102,501

115,129 (80,236) 34,893 206,643 161,702

115,129 (87,431) 27,698 58,535 175,663

42,874,702

43,863,844

44,702,571

12,112,126 5,756,844 419,761 5,267,742

10,563,934 2,751,807 389,618 3,890,684

9,568,469 4,421,832 471,195 8,522,772

23,556,473

17,596,043

22,984,268

66,431,175

61,459,887

67,686,839

320,295 299,140

320,295 299,140

320,295 299,140

Retained earnings

23,782,978

19,649,604

23,314,198

Total equity

24,402,413

20,269,039

23,933,633

4,500,000 2,677,824 3,226,788

6,595,488 4,676,014 2,472,898

4,433,469 3,669,295 3,226,789

10,404,612

13,744,399

11,329,553

3,033,918 13,000,000 13,596,807 1,993,424

2,130,982 8,963,168 13,504,453 2,847,846

4,619,707 11,032,831 15,431,310 1,339,805

Current liabilities

31,624,150

27,446,448

32,423,653

Total Liabilities

42,028,762

41,190,847

43,753,206

Total equity and liabilities

66,431,175

61,459,887

67,686,839

NOTE

INTANGIBLE ASSET At cost Less: Accumulated Depreciation Intangible asset Prepayment Other receivable Non-current asset

Inventories Trade and other receivables Prepayment

2 3 4

Cash and cash equivalent

Total Asset

EQUITY Share Capital Share Premium

LIABILITIES Loans & borrowings Employee benefits Deferred Taxation Non-current liabilities Banks Overdraft Loans & borrowings Trade Creditors and other payables Taxation

FAYSAL EL-KHALIL SUNIL SAWHNEY

6 5

} DIRECTORS

SEVEN-UP BOTTLING COMPANY PLC

UNAUDITED STATEMENT OF CASH FLOW FOR THE NINE MONTHS ENDED DEC, 2015 Note CASH FLOWS FROM OPERATING ACTIVITIES Profit/(Loss) Adjustments for: Income tax expense Finance income Finance cost Loss on Forex Depreciation Amortisation of intangible assets (Gain)/Loss on disposals of PPE Assets written off Employee benefit charge

UNAUDITED 2015 DEC N'000

UNAUDITED 2014 DEC N'000

AUDITED 2015 March N'000

2,230,403

4,541,820

7,125,788

653,619 (18,999) 2,575,557

1,281,026 1,801,261

1,623,313 (22,151) 1,961,624

5,179,662 21,587 (11,075) 10,630,754

5,997,244 20,944 13,642,295

8,520,745 28,139 (39,927) 638,052 19,835,583

Change in inventories Change in trade and other receivables Change in long term prepayment Change in trade and other payables Cash generated from operating activities

(2,543,657) (1,283,578) 53,366 (510,616) 6,346,269

(1,103,565) 104,434 (37,026) 1,235,372 13,841,511

(372,684) (27,469) 1,862,037 21,297,467

Income tax paid VAT paid Employee benefit paid

(1,323,887) (991,471)

(141,873) (1,553,547) (84,309)

(1,485,992) (2,210,619) (209,760)

4,030,911

12,061,782

17,391,096

CASH FLOWS FROM INVESTING ACTIVITIES Finance income Proceeds from sale of PPE Acquisition of PPE Acquisition of intangible assets

18,999 27,359 (4,367,251) (498)

16,689 (11,564,346) (7,876)

22,151 83,007 (14,461,016) (7,876)

Net cash used in investing activities

(4,321,391)

(11,555,533)

(14,363,734)

CASH FLOW FROMS FINANCING ACTIVITIES Interest expense Increase in borrowings Dividend paid

(2,556,558) 2,033,700 (855,903)

(1,817,950) 1,091,850 (1,601,476)

(1,786,572) 594,334 (1,513,088)

Net cash from(used in) financing activities

(1,378,761)

(2,327,576)

(2,705,326)

Net increase/ (decrease) in cash and cash equivalents

(1,669,241)

(1,821,327)

322,036

Cash and cash equivalents at beginning of year

3,903,065

3,581,029

3,581,029

Cash and cash equivalents at end of year

2,233,824

1,759,702

3,903,065

5,267,742 0 (3,033,918) 2,233,824

3,890,684 0 (2,130,982) 1,759,702

1,820,726 6,702,046 (4,619,707) 3,903,065

Net cash flow from operation activities

CASH AND CASH EQUIVALENTS ARE ANALYSED INTO: Deposit for imports Cash at bank & in hand Deposit for imports Bank overdrafts

SEVEN-UP BOTTLING COMPANY PLC

UNAUDITED

UNAUDITED

AUDITED

2015 DEC

2014 DEC

2015 MARCH

N`000

N`000

N`000

2,219,144 356,390 22 (18,999) 2,556,558

1,163,470 114,480 540,000 (16,689) 1,801,261

1,662,491 299,133 498,258 (22,151) 2,437,731

6,962,961 273,011 660,137 2,326,979 340,846 10,563,934

4,361,887 179,240 813,377 2,094,613 2,119,352 9,568,469

3

518,669 4,208,787 523,530 248,533 257,327 5,756,844

356,115 1,338,511 77,316 687,103 292,763 2,751,807

502,625 3,037,998 503,620 120,262 257,327 4,421,832

4

419,761 419,761

389,618 389,618

471,195 471,195

5

2,880,089 204,654 3,708,648 742,000 6,061,416 13,596,807

3,245,994 235,448 3,861,004 615,434 5,546,571 13,504,452

6,032,530 2,340,515 1,053,597 597,196 5,407,472 15,431,310

6

13,000,000 13,000,000

8,963,168 8,963,168

11,032,831 11,032,831

Notes to the Accounts NOTES

NET FINANCE COST INTEREST ON LOANS INTEREST ON OVERDRAFTS FOREX LOSS FINANCE INCOME 1

INVENTORIES Raw Materials, consumables and non-returnable packaging materials 4,256,836 Product in process 412,805 Finished Goods 653,160 Spare Parts 2,481,606 Goods in Transit 4,307,718 2 12,112,126 Trade debtors and other receivables Trade receivables Advance payment to suppliers-related parties Staff loans and advances Other receivables Amount Due from Registrar

Prepayment Current: Short term portion of prepayment

CURRENT LIABILITIES Trade creditors and other payables Trade payables Amount payable to related parties Other Creditors and accrual Dividend payable Liability for returnable packaging material

Current. Short Term Loan