CHAMS : QUARTER 3 - FINANCIAL STATEMENT FOR 2022

Chams Holding Company Plc

Unaudited Consolidated and Seperate Financial Statements For the Nine Month Ended 30 September 2022

Chams Holding Company Plc

Unaudited Consolidated and Seperate Financial Statements for the Nine Month ended 30th September 2022

Contents	Page
Statement of Profit & Loss & Other Comprehensive Incom	3
Statement of Financial Position	4-5
Statement of Changes in Equity	6-7
Statement of Cash Flow	8
Notes to the Financial Statement	9-13

2

Chams Holding Company Plc and its Subsidiaries
Unaudited Consolidated and Separate Statement of Profit or Loss and other Comprehensive Income
for the period ended 30th September , 2022
						GROUP						COMPANY
			Unaudited	Unaudited	Unaudited	Unaudited	Audited		Unaudited	Unaudited	Unaudited	Unaudited	Audited
			2022	2021	2022	2021		2021	2022	2021	2022	2021	2021
	Notes		Jul-Sept.	Jul-Sept.	Jan-Sept.	Jan-Sept.	Dec.		Jul-Sept.	Jul-Sept.	Jan-Sept.	Jan-Sept.	Dec.
			N' 000	N' 000	N' 000	N' 000	N' 000		N' 000	N' 000	N' 000	N' 000	N' 000
Revenue	1		1,057,006	822,080	3,171,916	2,452,066		3,324,752	391	35,736	51,749	281,343	283,396
Cost of Sales	2		(835,751)	(689,340)	(2,519,551)	(1,861,288)		(2,579,071)	(14,524)	(48,260)	(56,380)	(202,262)	(219,263)
Gross Profit			221,255	132,740	652,365	590,777		745,682	(14,133)	(12,524)	(4,631)	79,081	64,133
Other operating Income	3		22,655	188,128	142,358	229,841		373,371	57,437	21,829	146,323	55,926	131,844
Administrative Expenses	4		(373,602)	(218,690)	(845,745)	(732,396)		(1,516,800)	(135,368)	(64,420)	(251,434)	(300,492)	(207,143)
Operating Profit/( Loss)			(129,692)	102,178	(51,022)	88,223		(397,747)	(92,063)	(55,115)	(109,742)	(165,486)	(11,166)
Finance expense	5		(65,766)	(33,536)	(138,057)	(113,863)		(171,696)	(23,161)	(25,164)	(72,221)	(70,985)	(101,082)
Finance Income			908	2,358	53,274	7,470		76,416	1,978	2,358	8,488	7,470	14,316
Profit/(Loss) before Taxation			(194,550)	71,000	(135,805)	(18,171)		(493,027)	(113,246)	(77,921)	(173,475)	(229,001)	(97,932)
Taxation credit/ (expense)						(3,020)		133,110						133,150
Profit/(Loss) after Taxation			(194,550)	71,000	(135,805)	(21,190)		(359,917)	(113,246)	(77,921)	(173,475)	(229,001)	35,218
Loss/ profit attributable to :
Owners of the parent			(162,148)	59,175	(113,187)	(17,661)		(299,972)	(94,385)	(64,944)	(144,583)	(190,861)	35,218
Non- Controlling Interest			(32,402)	11,825	(22,618)	(3,529)		(59,944)	(18,861)	(12,978)	(28,892)	(38,140)
			(194,550)	71,000	(135,805)	(21,190)		(359,917)	(113,246)	(77,921)	(173,475)	(229,001)	35,218
Basic (Loss) / earnings per share (kobo)			(3.45)	1.26	(2.41)	(0.38)		(6.39)	(2.01)	(1.38)	(3.08)	(4.06)	0.75
Diluted (Loss)/ earnings per share (Kobo)			(3.45)	1.26	(2.41)	(0.38)		(6.39)	(2.01)	(1.38)	(3.08)	(4.06)	0.75
Other Comprehensive Income/ Loss
Revaluation surplus on property, plant and
equipment								3,672,611
Loss on investment securities at fair value
through other comprehensive income								(7,173)
Other Comprehensive Income Income/ Loss		-	-	-	-		3,665,438				-	-
Total Comprehensive Income			(194,550)	71,000	(135,805)	(21,190)		3,305,521	(113,246)	(77,921)	(173,475)	(229,001)	35,218
Profit/Loss for the period attributable to :
Owners of the company	14(i)				(116,410)	(15,576)		2,398,113				(173,475)	(229,001)	35,218
Non controlling interest					(19,395)	(5,615)		1,267,325
			-	-	(135,805)	(21,190)		3,665,438	-	-	(173,475)	(229,001)	35,218
Total comprehensive income attributable to:
Owners of Parent					(86,201)	(15,576)		2,098,141				(173,475)	(229,001)	35,218
Non controlling interest					(49,605)	(5,615)		1,207,382				-
			-	-	(135,805)	(21,190)		3,305,522	-	-	(173,475)	(229,001)	35,218
					3

Chams Holding Company Plc and its Subsidiaries
Unaudited Consolidated and Separate Statement of Financial Position
for the period ended September 30 , 2022
				GROUP			COMPANY
			Chams Group	Chams Group	Chams Group	Chams Plc	Chams Plc	Chams Plc
			Unaudited	Unaudited	Audited	Unaudited	Unaudited	Audited
		NOTES	SEPT 2022	SEPT 2021	DEC. 2021	SEPT 2022	SEPT 2021	DEC. 2021
			N'000	N'000	N'000	N'000	N'000	N'000
Assets
Non-current assets
Right of Use of Asset					21,900
Property,plant and equipment		6	2,243,534	2,385,695	2,261,538	1,734,202	1,802,076	1,768,373
Investment Project			17,835	105,902	460	460	105,902	460
Deposit for Investment
Available for Sale financial Assets			-
Intangible Asset		7	5,350,567	902,053	5,235,776	1,132
Investment in Subsidiaries					-	3,548,164	2,375,623	3,548,164
Investment in associates			75,000		74,898	75,000		74,898
Investment in Joint Ventures			-		17,375		100,000
Investment securities at fair value through other
Comprehensive Income			92,827	100,000	92,827	92,827		92,827
			7,779,763	3,493,651	7,704,775	5,451,785	4,383,602	5,484,722
CURRENT ASSETS
Inventory & Work In Progress		8	516,449	140,452	233,145	282
Trade and other receivable		9	1,659,251	1,828,419	966,716	904,383	924,578	724,242
Due from related Parties
Short term investment			14,578
Prepayments		12	173,487
Cash and Cash Equivalent		15	2,669,604	1,869,924	2,920,711	4,111	52,237	44,363
			5,033,369	3,838,795	4,120,572	908,776	976,815	768,605
Total Assets			12,813,132	7,332,445	11,825,346	6,360,561	5,360,416	6,253,327
Liabilities
Non -current liabilities
Lease liabilities			-		10,680
Long Term Loan		11	1,277,649		1,196,547	998,207		962,706
Deferred Tax/ Income			-			-	-	-
			1,277,649	-	1,207,227	998,207	-	962,706
Current liabilities
Trade and other Payable		10	6,040,071	3,077,341	5,683,864	1,546,861	955,646	1,331,536
Loan & Borrowing			-	1,315,686	28,121		976,444
Deposit for Shares		13	314,283	304,932
Defered Income			431,621	48,741	61,789
Due to Related Party				774,815
Taxation			150,679	303,216	109,709	106,580	106,580	76,696
			6,936,654	5,824,730	5,883,484	1,653,440	2,038,670	1,408,232
Total liabilities			8,214,303	5,824,730	7,090,711	2,651,647	2,038,670	2,370,938
NET ASSETS			4,598,829	1,507,715	4,734,636	3,708,914	3,321,747	3,882,389
					4

Chams Holding Company Plc and its Subsidiaries

Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2022

Statement of Financial Position (Continued)

As at September 30, 2022

			GROUP			COMPANY
		Chams Group	Chams Group	Chams Group	Chams Plc	Chams Plc	Chams Plc
		Unaudited	Unaudited	Audited	Unaudited	Unaudited	Audited
		SEPT 2022	SEPT 2021	Dec. 2021	SEPT 2022	SEPT 2021	Dec. 2021
		N'000	N'000	N'000	N'000	N'000	N'000
Issued capital and reserves attributable to
owners of the parent
Share Capital		2,348,030	2,348,030	2,348,030	2,348,030	2,348,030	2,348,030
Share Premium		35,008	35,008	35,008	35,008	35,008	35,008
Revaluation Reserve		3,887,450	1,581,956	3,887,450	1,463,364	1,058,857	1,463,364
Capital Reserve		145,522	145,522	145,522			-
Retained Earnings	14(ii)	(3,000,734)	(2,606,421)	(2,887,547)	(130,314)	(222,916)	43,160
Fairvalue Reserve		(7,173)		(7,173)	(7,173)		(7,173)
Equity Attributable to Owners of the Parent		3,408,103	1,504,095	3,521,290	3,708,914	3,218,980	3,882,389
Non-Controlling Interest		1,190,726	3,619	1,213,344
TOTAL EQUITY		4,598,829	1,507,714	4,734,634	3,708,914	3,218,980	3,882,389

The Financial statements on Pages 2 to 5 were approved for issue by the Board of Directors on October 28, 2022 and signed on its behalf by :

____________________
Gavin H. Young	Ifeoma N. Obasanya
Managing Director	Ag. Chief Financial Officer
FRC/2020/003/00000020885	FRC/2022/PRO/NIM/002/191239
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