EUNISELL INTERLINKED : QUARTER 1 - FINANCIAL STATEMENT FOR 2023

EUNISELL INTERLINKED PLC

UNAUDITED ACCOUNTS FOR THE PERIOD ENDED

30TH SEPTEMBER 2022

(QUARTER 1)

EUNISELL INTERLINKED PLC

UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR 1ST QUARTER ENDED 30TH SEPTEMBER, 2022

(Figures in ₦'000)
	SEPT 2022		SEPT 2021
	₦'000		₦'000
REVENUE	134,817	89,149
COST OF SALES	(94,365)		(37,099)
GROSS PROFIT	40,452	52,050
OPERATING EXPENSES	(16,765)	(17,052)
OTHER INCOME	-		-
PROFIT/(LOSS)FROM OPERATIONS	23,687	34,998
FINANCE COST	(3,374)		(13,810)
PROFIT BEFORE TAX	20,313	21,188
TAXATION	-		-
PROFIT/(LOSS) FOR THE PERIOD	20,313	21,188
OTHER COMPREHENSIVE INCOME
GAINS/LOSS ON PROPERTY REVALUATION	-
EXCHANGE DIFF. FROM TRANSLATION OF FOREIGN ENTITY'S F/S	-	-
GAINS/LOSS FROM VALUATION OF EQUITY INVESTMENT INSTRUMENT	-	-
MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME	-		-
Total Comprehensive Income for the Year	20,313	21,188

EUNISELL INTERLINKED PLC

UNAUDITED STATEMENT OF FINANCIAL POSITION

AS AT 30TH SEPTEMBER, 2022

(Figures in N'000)
	NOTES	Unadited		Audited
		30 SEPT '22		30 JUNE '22
Assets:		₦'000		₦'000
Non-Current Assets:
Property, Plant and equipment	1	17,360	17,360
Current Assets:
Inventories		309,020	318,020
Trade Receivables/Prepayment	2	335,976	267,404
Cash and Cash Equivalents		620		584
		645,616	586,008
Total Assets		662,976	603,368
Equity and Liabilities
Equity
Share capital		118,350	118,350
Retained earnings		(174,935)	(163,832)
Other Components of Equity	3	273,498		232,440
Total Equity		216,913	186,958
Non-Current Liabilities
Deferred Tax		2,851	2,851
Current Liabilities
Trade and other payables	4	136,750	121,033
Current income tax liabilities		1,809	1,809
Short term borrowings		298,637		290,716
		437,196	413,558
Total Equity and Liabilities		656,960	603,368

Fabian C. Nnadozie	Chris Okoro	Temitope Olusoji
Chairman	MD/CEO	Senior Finance Officer
FRC2017/NSE/00000017392	FRC/2019/002/0000074	FRC/2020/004/00000022179

Approved by board on 27th October, 2022

STATEMENT OF CHANGE IN EQUITY

30TH SEPTEMBER, 2022

	Share	Share	Retained	Other	Total
	Capital	Premium	Earnings	Reserves	Equity
	₦'000	₦'000	₦'000	₦'000	₦'000
Balance as at 1st July 2022	118,350	229,351	(163,832)	3,089	186,958
Profit for the period	-	-	20,313	-	20,313
Balance as at 30th Sept 2022	118,350	229,351	(143,519)	3,089	207,271

Balance as at 1st July 2021	118,350	229,351	(168,919)	3,089	181,871
Profit for the period	-	-	21,188	-	21,188
Balance as at 30th Sept 2021	118,350	229,351	(147,731)	3,089	203,059

STATEMENT OF CASH FLOWS
30TH SEPTEMBER, 2022
		Unadited		Audited
		30 SEPT '22		30 JUNE '22
	Notes	₦'000		₦'000
Cash from operating activities
Profit before income tax	20,313	9,282
Adjustments:
Interest income	-	-
Interest expense	3,374	17,820
Profit from asset disposal	-	-
Depreciation		443	4,049
Changes in working capital:
-	inventories	9,000	(16,332)
-	trade and other receivables	(68,572)	61,100
-	trade and other payables	47,277	(61,729)
Cash generated from operations	11,835	14,190
Interest income received	-	-
Interest expense paid	(3,374)	(17,820)
Income tax paid	-	(2,655)
VAT paid		-	-
Net cash from/ (used in) operating	8,461	(6,285)
Cash from investing activities
Purchase of property, plant and equipment	-	(5,692)
		-	-
Proceeds from disposal of property, plant	-		-
Net cash from/ (used in) investing activities	-	(5,692)
Cash from financing activities
Net proceeds / (repayment) on long term	-	-
Net proceeds / (repayment) on short term	7,921	7,222
Restricted cash	-		-
Net cash from/ (used in) financing activities	7,921		7,222
Net change in cash and cash equivalents	16,382	(4,756)
Cash and cash equivalents at beginning of	584		812
Cash and cash equivalents at end of the year	16,967	(3,944)
Represented By:
Cash and cash equivalents	620	584