224,049. 124,638. 224,048. 224,049. Goodwill on acquisition. -. -. Available for Sale financial Assets. 8. 100,000. -. 1
Chams Plc and Its Subsidiaries Statement of Comprehensive Income for the period ended March 31st ,2016
Revenue
Note 1
Group Account
Group Account
Group Account
Unaudited 2016
Unaudited 2015
Audited 2015
N 000
N 000
N 000
290,058
341,547
Chams Plc Unaudited
Chams Plc Unaudited
Chams Plc
2016
2015
Audited 2015
N 000
N 000
N 000
1,610,478
134,320
246,604
914,929
(1,221,521)
(42,087)
(205,522)
(757,571)
-
Cost of Sales
2
Gross Profit
172,288
Other operating Income
3
Administrative Expenses
4
Operating Profit/( Loss) Finance expense/Income
(117,770)
1 (325,509) (153,220)
5
Profit/(Loss) before Taxation
157,825 4,605
Taxation expense (Provision) Profit/(Loss) after Taxation
4,605
Other Comprehensive Income/ Loss Revaluation surplus on property, plant and equipment Disposal Profit on disposal of asset Rental Income Total Comprehensive Income Profit/Loss for the period attributable to : Owners of the company Non controlling interest
Total comprehensive income attributable to: Owners of Parent Non controlling interest
Basic (Loss) / earnings per share (kobo) Diluted (Loss)/ earnings per share (Kobo)
(246,750) 94,797 85,580 (383,246) (202,869) (22,817) (225,686) (12,296) (237,982) -
388,957
92,233
158,260
4,398 208 4,605
(232,368) (224,362) (8,005) (232,368)
157,358
63,701
176,179
(3,778,776)
(202,781)
(271,280)
(2,694,774)
(3,231,559)
(110,547)
(166,497)
(2,361,237)
(161,461)
158,088
(22,000)
(155,538)
(3,393,020)
47,541
(188,497)
(2,516,775)
(12,296) (3,405,316)
(2,399) 47,541
336 5,278 4,605
41,082
(188,497)
(2,519,174)
336 5,278 (3,405,316)
47,541
(182,883)
(2,519,174)
(3,251,697) (153,619)
47,541 -
(2,519,174) -
(3,405,316)
47,541
(182,883) (182,883)
(2,519,174)
(3,251,697) (153,619) (3,405,316)
(2,519,174) (2,519,174)
(69)k (69)k
(27)k (27)k
Chams Plc Statement of Financial Position for the period ended March 31st , 2016
Chams Group Unaudited
Chams Group Unaudited
Chams Group Audited
Chams Plc Unaudited
2016
2015
2015
2016
N'000
N'000
N'000
N'000
Assets
Non-current assets Property,plant and equipment Long term Investment Project Investment Goodwill on acquisition Available for Sale financial Assets Intangible Asset Deferred Tax Asset CURRENT ASSETS Inventory & Work In Progress Debtors & Prepayment Due from related Parties Cash and Cash Equivalent
6 7 8 9
10 11
3,057,607 224,049 100,000 84,246 285,051 3,750,953 1,071,699 4,842,722 82,093 5,996,513
Asset held for sale Landed Property
101,843 3,649,413
3,106,027 224,048 100,000 84,641 285,051 3,799,767
2,012,517 1,845,985 224,049 100,000 83,303 285,051 4,550,905
1,604,685 5,148,055 202,886 6,955,626
1,057,726 3,210,073 335,358 157,445 4,760,602
329,716 4,303,389 1,528,388 55,914 6,217,406
8,560,369
10,768,311
48,572 9,747,466
Total Assets Liabilities Non -current liabilities Long Term Loan Deferred Tax Current liabilities Trade Creditors Loan & Borrowing Deposit for Shares Other Creditors & Accruals Taxation
3,295,312 127,620 124,638
10,653,611
19,332 19,332
-
-
1,006,698 220,737 1,010,030 3,514,217 636,826 6,388,508
305,729 1,834,011 1,053,535 892,981 253,077 4,339,333
1,057,822 553,358 16,490 2,930,716 647,631 5,206,017
640,555 195,309 10,030 2,299,803 590,418 3,736,115
Total liabilities
6,388,508
4,358,665
5,206,017
3,736,115
NET ASSETS
3,358,958
6,294,946
3,354,352
7,032,196
Issued capital and reserves attributable to owners of the parent Share Capital Share Premium Plant, Property & Equipment Revaluation Reserve Capital Reserve Revenue Reserve Equity Attributable to Owners of the Parent Non-Controlling Interest TOTAL EQUITY
2,348,030 5,458,751 959,065 145,522 (4,996,012) 3,915,356 (556,397) 3,358,958
2,348,030 5,458,751 959,065 (2,502,549) 648,862 6,912,159 (617,212) 6,294,947
2,348,030 5,458,751 959,065 145,522 (5,000,410) 3,910,958 (556,606) 3,354,352
12 13 14 15
2,348,030 5,458,751 959,065 (1,733,650) 7,032,196 7,032,196
1 CONSOLIDATED SCHEDULE Cardcentre Share capital Reserve Share Premium Chams Switch Share capital Reserve Share Premium Chams Access Share Capital Reserve Share of Net Asset of Subsidiaries Cost of Investment (See Note 1b) Goodwill Transfer from P&L for the year Reserve b/f 1st January Consolidated Reserve Minority Interest 1b COST OF INVESTMENT Chams Switch Chams Access Cardcentre
T0TAL
TRANSFER FROM CHAMS HOLDING P&L
MINORITY INT
1,689,668,234 (2,039,991,189) 124,708,966
1,673,954,319 (2,021,019,271) 123,549,173
15,713,915 (18,971,918) 1,159,793
662,679,266 (1,268,281,665) 35,884,167
556,650,583 (1,065,356,598) 30,142,700
106,028,682 (202,925,066) 5,741,467
1,185,600,000 (2,165,985,828)
810,594,720 (1,480,884,511) (1,372,368,885) (1,845,985,090) (3,218,353,975)
375,005,280 (685,101,317)
4,397,528 (5,000,410,000) (4,996,012,472)
207,751 (153,255,836) (556,397,249)
599,250,861 697,229,825 549,504,404 1,845,985,090
NOTE TO GROUP FINANCIAL STATEMENTS for the period ended March 31st , 2016 N 000 1
Revenue Chams Plc Chams Access Card Centre ChamsSwitch Intercompany Sales
2
COST OF SALES Chams Plc Chams Access Card Centre ChamsSwitch Intercompany Purchases
3
4
5
OTHER INCOME Chams Plc Chams Access Card Centre ChamsSwitch
ADMINISTRATIVE EXPENSES Chams Plc Chams Access Cardcentre ChamsSwitch FINANCE EXPENSE Chams Plc Chams Access Cardcentre ChamsSwitch Finance Income Savings on Loan Net
134,320 109,964 33,140 12,634 290,058 290,058
42,087 62,083 9,928 3,672 117,770 117,770
1 1
202,781 67,721 46,850 8,158 325,509 6,617 72 191 0 6,880 164,705 157,825
6
7
PROPERTY, PLANT & EQUIPMENT Chams Plc Chams Access Cardcentre ChamsSwitch
2,012,517 363,666 681,143 280 3,057,607
PROJECTS INVESTMENT Naira.com Chams Varsity Chams Moblie NIMC
47,086 4,083 27,620 145,259
224,049 8
9
10
Available for sale financial Asset JKK Intangible Asset Software devpt - SC Software petrcard- SC Software tranpt - Sc Software NHIS - SC Software IDPAy-SC Software NOK amortisation Software Transport Ammortisation Chams Switch
INVENTORIES Chams Plc Chams Access Cardcentre ChamsSwitch
11 RECEIVABLES A TRADE RECEIVABLES Chams Plc Chams Access Cardcentre Chams Switch Inter-company debt
100,000,000 100,000,000 47,887 16,216 28,618 9,529 22,740 360 (28,295) (13,752) 943 84,246
329,716 164,012 573,571 4,400 1,071,699
4,303,389 234,398 185,424 119,510 4,842,722 4,842,722
B
OTHER RECEIVABLES Chams Plc Chams Access Cardcentre Chams Switch Inter-company debt
12 Trade Creditors Chams Plc Chams Access Cardcentre Chams Switch Intercoy 13 Loan & Borrowing Chams Plc Chams Access Cardcentre Chams Switch
14 Deposit for Shares Chams Plc Chams Access Cardcentre Chams Switch
15 OTHER ACCOUNT PAYABLES Chams Plc Chams Access Card Centre ChamsSwitch
Inter Coy
5,831,777 234,398 185,424 119,510 6,371,110 (1,528,388) 4,842,722 640,555 40,214 185,820 140,109 1,006,698 1,006,698 195,309 25,428 220,737
10,030 1,000,000
1,010,030
2,299,803 185,921 1,457,977 546,271 4,489,972 975,755 3,514,217
