Mar 31, 2016 - STATEMENT OF FINANCIAL POSITION ... STATEMENT OF CASH FLOW AS AT 31 MARCH 2016 ... Cash Flows from Financ
McNICHOLS CONSOLIDATED PLC STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2016 NOTES Revenue Cost of Sales Distribution/Admin and Other Expenses Other Income Financial Charges
1
31/03/16
31/03/15
246,687,257
155,569,436
(200,796,470)
(121,061,855)
(29,202,155)
(21,550,071)
(919,248)
(1,673,111)
Profit/Loss Before Tax
15,769,384
Taxation
(2,729,391)
(1,148,733)
Profit/Loss After Tax
13,039,993
10,135,666
Other Comprehensive Income (Deferred Taxation) Total Comprehensive Income Profit/Loss After Tax Attr. To Noncontrolling Int
13,039,993 -
11,284,399
10,135,666 -
Profit/Loss After Tax Owners of the Company
13,039,993
10,135,666
Total Comp. Inc.Attr. to Non-Controlling Interest
13,039,993
10,135,666
Attributable to Owners of the Company
13,039,993
10,135,666
4.39
3.75
Basis Earnings per Share Fully Diluted Earnings per Share
McNICHOLS CONSOLIDATED PLC STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2016 31/03/16 Property, plant and equipment
31/03/15
259,142,164
Deferred Tax Assets
279,591,444
-
Investment property
6,500,000
6,500,000
Intangible Assets
-
-
Investments accounted for using the equity method
-
-
Financial assets
-
-
Non-current asset held for sale and disposal groups
-
Total Non Current Assets Inventories Debtors and Other Receivables
2
Cash and cash equivalents Total Current Assets
Trade and Other Payables
3
-
265,642,164
286,091,444
73,720,002
39,257,084
41,779,059
8,282,072
48,365,384
11,406,527
163,864,445
58,945,683
105,588,415
54,982,844
Current Financial liabilities
-
Current Tax Liabilities
-
24,985,085
17,125,849
130,573,500
72,108,693
Long Term Borrowings
7,597,751
34,066,630
Deferred Tax Liabilities
17,846,006
6,778,197
Total Current Liabilities Non-Current Financial liabilities
Liabilities included in disposal groups classified as held for sale
-
Total Non-Current Liabilities
25,443,757
Working Capital Net Assets
40,844,827
33,290,945
(13,163,010)
273,489,352
232,083,607
273,489,352
232,083,607
Non Controlling Interest Attributable to Owners of the Company
4
McNICHOLS CONSOLIDATED PLC STATEMENT OF CHANGE IN EQUITY AS AT 31 MARCH 2016
Balance as at 01/01/2015 Changes in Accounting Policy Restated Balance Changes in Equity for the Prior Year: Issued Share Capital Cost Written Off Dividend Total Comprehensive Income Balance as at End of 31/12/2015 Changes in Equity Current year: 01/01/2016 Issued Share Capital Cost Written Off Dividend Total Comprehensive Income PPE Revaluation Surplus Balance as at 31/03/16
Share Capital Capital Reserve 135,000,000 -
NonAvailable for Controlli Sale Fin. Other Reserves Retained ng Assets (Share Premium) Earnings Total Interest Total Equity 57,069,818 29,878,124 221,947,942 221,947,942
13,500,000 (13,500,000.00)
148,500,000
43,569,818
38,506,416 68,384,540
(13,500,000)
(13,500,000)
260,454,358
260,454,358
-
148,500,000
-
-
43,569,818
-
13,034,994
13,034,994
13,034,994
81,419,534
273,489,352
273,489,352
McNICHOLS CONSOLIDATED PLC STATEMENT OF CASH FLOW AS AT 31 MARCH 2016
31-Mar-16
31-Dec-15
₦
₦
% Change
Cash Flow from Operating Activities
45,062,001
81,008,299
(44.37)
Tax Paid
(2,600,000)
Net Cash Generated from Operating Activities
42,462,001
79,008,299
(46.26)
(2,665,975)
(25,554,712)
(89.57)
(2,000,000.00)
Cash Flow from Investing Activities Purchases of property, plant and Equipment Sale of property, plant and Equipment Net Cash Flow from Investing Activities
-
-
(2,665,975)
(25,554,712)
(89.57)
(26,468,879)
(27,271,467)
(2.94)
(359,678)
(5,418,692)
(93.36)
Net Cash from Financing Activities
(26,828,557)
(32,690,159)
(17.93)
Total Cash Movement for the period
12,967,469
20,763,428
(37.55)
Cash at beginning of period
35,397,915
14,634,487
141.88
Total cash at end of period
48,365,384
35,397,915
36.63
Cash Flows from Financing Activities Long Term Loans & Leases Net Interest Paid
McNICHOLS CONSOLIDATED PLC NOTE TO THE UNAUDITED STATEMENT OF FINANCIAL POSITION FOR THE PERIOD ENDED MARCH 31, 2016 1
Revenue
2
Trade and Other Receivables Accounts Receivable Provision for Doubtful Debts Other Receivables Staff Advances Product Development Prepaid Expenses Sundry Deposits
3
4
Trade and Other Payables Accounts Payable - Vendor Other Creditors InterLinked Pension Plan Liabilities Accrued Directors Fees Accrued Salaries Accrued Directors Expense Accrued Audit Fees Accrued Secretarial Servi Accrued Electricity Bill Accrued Housing Allowance Accrued Leave Allowance Dividend Payable
Total Equity Share Capital Share Premium Retained Earnings
Turnover represents the total invoice value of goods sold to third parties.
31-Mar-16
31-Dec-15
24,208,631.00 24,208,631.00 15,765,364.00 933,896.00 871,167.00 41,779,058.00
28,734,165 28,734,165 16,874,529 1,129,650 13,626 1,510,667 844,238 49,106,875
36,624,698 54,112,364 481,616 10,386,477 195,000 1,444,703 200,000 410,000 600,000 161,572 1,125,005 -149,995 -3,024 105,588,415
39,070,448 55,556,769 481,616 9,716,582 255,000 1,942,063 240,000 600,000 600,000 0
108,462,478
148,500,000 43,569,818 81,419,534 273,489,352
148,500,000 43,569,818 68,384,540 260,454,358
