ACADEMY PRESS PLC

REPORTS AND FINANCIAL STATEMENTS

FOR THE THIRD QUARTER ENDED 31ST DECEMBER, 2021

Academy Press Plc.

Reports and financial statements for the third quarters ended 3Ist December, 2021

CONTENTS

PAGE

Corporate information

1

Financial highlights

2

Consolidated Statements of comprehensive income

3

Consolidated Statements of financial position

4

Consolidated Statements of changes in equity

5

Consolidated Statements of cash flows

6

Notes to the financial statements

7

1

Academy Press Plc.

Corporate Information

Directors:

Wahab B. Dabiri

- Chairman

Olugbenga Ladipo

- Managing Director

David Pritchard

(British)

- Non-executive Director

Folashade B. Omo-Eboh- (Mrs.)

- Non-executive Director

Oyewole Olaoye

- Non-executive Director

Femi T. Akingbe -

- Non-executive Director

Abubakar A.Jimoh

-Non- executive Director

Paul Aderibigbe

- Executive Director

Secretaries:

Alpha-Genasec Limited,

Krestal Laurel Complex (4th Floor),

376, Ikorodu Road,

Maryland, Ikeja, Lagos.

Tel:234(0)8062272121

Email: alpha-genasec @bakertilly.com

Registered office:

28/32, Industrial Avenue,

Ilupeju Industrial Estate,

Ilupeju, Lagos.

Tel: 09030001367, 09030001368&07014900034

Email: applc@academy press- plc.com

www.academypress-plc.com

Registered number:

RC. 3915

Auditors:

Ernst & Young

(Chartered Accountants)

10th & 13th Floor, UBA House

57, Marina, Lagos

E-mail: services@ng.ey.com

Registrars:

Pace Registrars Limited,

Knight Frank Building (8th floor), 24, Campbell Street, Lagos.

Tel: 01-2635607,01-7303445,01-2805538

E-mail: Info @ paceregistrars.Com

2

Bankers:

Union Bank of Nigeria Plc.

First Bank of Nigeria Plc.

Sterling Bank Nigeria Plc.

Zenith Bank Plc.

Guaranty Trust Bank Plc.

United Bank for Africa

3

Academy Press Plc.

FINANCIAL HIGHLIGHTS

31-12-2021

31-12-2020

%

30-09-2021

30-09-2020 %

30-06-2021

30-06-2020

%

2021

2020

Increase/ (decrease)

2021

2020

Increase/ (decrease)

2021

2020

Increase/ (decrease)

N'000

N'000

N'000

N'000

N'000

N'000

Revenue

2,754,459

1,265,966

118%

2,109,194

547,027

286

762,497

167,195

356

Profit/ (Loss) before Taxation

138,988

(179,552)

117%

197,197

(150,867)

231

(180,417)

(86,317)

185

Taxation

-

-

-

-

-

-

Profit/ (Loss) after taxation

138,988

(179,552)

117%

197,197

(150,867)

231

(180,417)

(86,317)

185

Profit/Loss/share

23k

(30k)

33K

(25K)

32

(29K)

(14K)

190

At period ended:

31-12-2021

31-12-2020

%

30-09-2021

30-09-2020

%

30-06-2021

30-06-2020

%

₦'000

₦'000

₦'000

₦'000

Property, plant and machinery

965,124

944,791

2

932,375

1,033,246

(10)

977,074

1,033,246

(5)

Share Capital

302,400

302,400

-

302,400

302,400

302,400

302,400

Equity

149,915

10,928

1272%

234,798

10,928

2049

25,836

10,928

136

Number

Number

Number

Number

Number

Number

Number of employees

212

213

(0.5)

216

219

(1)

219

219

-

4

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Academy Press plc published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 08:38:04 UTC.