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
