Berger Paints Nigeria Plc Unaudited Financial Statements
31 December 2022
Berger Paints Nigeria Plc
4th Quarter Report
31 December,2022
Contents | Page |
Corporate Information | 3 |
Financial Highlights | 4 |
Statement of Financial Position | 5 |
Statement of Profit or Loss and Other Comprehensive Income | 6 |
Statement of Changes in Equity | 7 |
Statement of Cash Flows | 8 |
Notes to the Financial Statements | 9 |
Other National Disclosures | 50 |
2
Corporate Information Board of Directors:
Company Secretary/Legal
Adviser
Registered Office:
Contact Details
Berger Paints Nigeria Plc | ||
4th Quarter Report | ||
31 December,2022 | ||
Abi Ayida | - | Chairman |
Adekunle Olowokande | - | Non - Executive Director |
Raj Mangtani (Indian) | - | Non - Executive Director |
Ogechi Iheanacho | - | Non - Executive Director |
Erejuwa Gbadebo | - | Independent Non - Executive |
Aisha Umar | - | Independent Non - Executive |
Alaba Fagun | Managing Director (Appointed | |
- | wef October 4, 2022.) | |
Ayokunle Ayoko |
102, Oba Akran Avenue,
Ikeja, Industrial Estate P.M.B. 21052, Ikeja, Lagos.
Tel: +234(01)2805167, 28095169
Mobile: +234(01)2805167, 28095169 0700BERGERPAINTS [0700237437724687] Email: customercare@bergerpaintnig.com Website: www.bpnplc.com
Social Media Accounts | Website: www.bergerpaints.com.ng | ||
Facebook: www.facebook.com/BergerPaintsNigeriaPlc | |||
LinkedIn: www.linkedin.com/company/berger-paints-nigeria-plc | |||
Twitter: www.twitter.com/BergerPaintsNg | |||
Instagram: www.instagram.com/bergerpaintsnigeriaplc. | |||
You Tube: www.youtube.com/channel/UCD_T-Wid299NWbfHxA4rGXg | |||
Investors Relation | Berger Paints Nigeria Plc. has a dedicated investors' portal on its | ||
corporate website which can be accessed via this link: | |||
https://bergerpaintsnig.com/investor/ | |||
The Company's Investors' Relations Officer can also be reached through | |||
electronic mail at: ayokunleayoko@bergerpaintnig.com; or telephone | |||
on: +234 9037757191 for any investment related enquiry. | |||
NSE Trading Information | Trading Name: | Berger Paints Nig. Plc. (Berger) | |
Ticker Symbol: | Berger | ||
Sector: | Industrial Goods | ||
Sub Sector: | Building Materials | ||
Market Classification: | Main Board | ||
Registration Number: | RC: 1837 | ||
FRC Registration Number: | FRC/2012/0000000000295 | ||
Registrars: | Meristem Registrars Limited | ||
213, Herbert Macaulay Way, Adekunle, Yaba, Lagos. | |||
P.O. Box 51585, Falomo, Ikoyi, Lagos | |||
Tel: 8920491, 8920492, 01-2809250-3 | |||
Email: info@meristemregistrars.com | |||
Website: www.meristemregistrars.com | |||
Independent Auditor: | KPMG Professional Services | ||
KPMG Tower | |||
Bishop Aboyade Cole Street, | |||
Victoria Island, Lagos | |||
Tel: +234 1 271 8955 (or 8599) | |||
Bankers: | Access Bank Plc | Keystone Bank Limited | |
Ecobank Nigeria Limited | Polaris Bank Limited | ||
Fidelity Bank Plc | Union Bank of Nigeria Plc | ||
First Bank of Nigeria Limited | United Bank for Africa Plc | ||
First City Monument Bank Limited | Wema Bank Plc | ||
Guaranty Trust Bank Plc | Zenith Bank Plc | ||
Heritage Bank Ltd |
3
Berger Paints Nigeria Plc
4th Quarter Report
31 December,2022
Financial Highlights
In thousands of naira
12 Mths to | 12 Mths to | % | |||
Revenue | 6,325,825 | 4,964,796 | 27 | ||
Gross profit | 2,063,230 | 1,582,720 | 30 | ||
Operating profit | 483,038 | 199,544 | 142 | ||
Profit before taxation | 467,509 | 178,089 | 163 | ||
Profit for the period | 315,570 | 135,635 | 133 | ||
Share capital | 144,912 | 144,912 | - | ||
Total equity | 3,430,344 | 3,230,704 | 6 | ||
Data per 50k share | |||||
Basic earnings per share (kobo) | 109 | 47 | 133 | ||
Net assets per share (Naira) | 11.84 | 11.15 | 6 | ||
Market price per share as at period end (Naira) | 6.00 | 8.90 | (33) | ||
Market capitalization as at period end | 1,738,944 | 2,579,434 | (33) |
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Berger Paints Nigeria Plc | |||||
4th Quarter Report | |||||
31 December,2022 | |||||
Statement of Financial Position | |||||
As at 31 December 2022 | |||||
In thousands of naira | |||||
2022 | 2021 | ||||
Assets | Notes | ||||
Property, plant and equipment | 14(a) | 2,447,140 | 2,625,773 | ||
Intangible assets | 15 | 18,161 | 36,152 | ||
Tax assets | 11(c)(ii) | 94,798 | 20,120 | ||
Investment property | 16 | 361,874 | 382,234 | ||
Total non-current assets | 2,921,973 | 3,064,279 | |||
Inventories | 17 | 1,376,469 | 1,166,616 | ||
Trade and other receivables | 18(a) | 111,789 | 305,517 | ||
Deposit for imports | 19 | 87,925 | 2,674 | ||
Prepayments and advances | 20 | 49,982 | 36,346 | ||
Other financial assets | 22 | 290,779 | 317,608 | ||
Cash and cash equivalents | 21 | 525,191 | 217,629 | ||
Total current assets | 2,442,135 | 2,046,390 | |||
Total assets | 5,364,108 | 5,110,669 | |||
Equity | |||||
Share capital | 23(a) | 144,912 | 144,912 | ||
Share premium | 23(b) | 635,074 | 635,074 | ||
Retained earnings | 2,650,358 | 2,450,717 | |||
Total equity | 3,430,344 | 3,230,704 | |||
Liabilities | |||||
Loans and borrowings | 26 | 0 | 7,875 | ||
Deferred income | 25 | 61,458 | 109,298 | ||
Deferred taxation | 11(d) | 323,248 | 323,732 | ||
Total non-current liabilities | 384,706 | 440,905 | |||
Loans and borrowings | 26 | 25,131 | 137,498 | ||
Current tax liabilities | 11(c)(i) | 172,475 | 8,622 | ||
Trade and other payables | 24 | 955,012 | 918,785 | ||
Deferred income | 25 | 33,036 | 10,749 | ||
Dividend payable | 28 | 363,407 | 363,407 | ||
Total current liabilities | 1,549,061 | 1,439,061 | |||
Total liabilities | 1,933,767 | 1,879,966 | |||
Total equity and liabilities | 5,364,108 | 5,110,669 | |||
These financial statements were approved by the Board of Directors on 24 Jan 2023 and signed on its behalf by:
Abi Ayida (FRC/2019/IODN/00000019260)
Chairman
Alaba Fagun (FRC/2023/PRO/DIR/003/234540)
Managing Director
Onyebuchi Roberts (FRC/2013/ICAN/00000002109)
Chief Financial Officer
The Significant accounting policies and accompanying notes form an integral part of these financial statements.
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Berger Paints Nigeria plc published this content on 27 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2023 10:35:08 UTC.