EUNISELL INTERLINKED : QUARTER 2 - FINANCIAL STATEMENT FOR 2022

EUNISELL INTERLINKED PLC

UNAUDITED ACCOUNTS FOR THE PERIOD ENDED

31ST DECEMBER 2021

(QUARTER 2)

EUNISELL INTERLINKED PLC
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR 2ND QUARTER ENDED
31ST DECEMBER, 2021
(Figures in ₦'000)
	DEC 2021	SEP 2021
	₦'000	₦'000
REVENUE	54,580			89,149
COST OF SALES	(35,310)			(37,099)
GROSS PROFIT	19,270			52,050
OPERATING EXPENSES	(16,887)			(17,052)
OTHER INCOME	-			-
PROFIT/(LOSS)FROM OPERATIONS	2,383			34,998
FINANCE COST	(9,650)			(13,810)
PROFIT BEFORE TAX	(7,267)			21,188
TAXATION	-			-
PROFIT/(LOSS) FOR THE PERIOD	(7,267)			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	(7,267)			21,188

EUNISELL INTERLINKED PLC

UNAUDITED STATEMENT OF FINANCIAL POSITION

AS AT 31ST DECEMBER, 2021

(Figures in N'000)
	NOTES	Unaudited		Unaudited
		31 DEC '21		30 SEPT '21
Assets:		₦'000		₦'000
Non-Current Assets:
Property, Plant and equipment	1	20,972	16,533
Current Assets:
Inventories		298,994	290,476
Trade Receivables/Prepayment	2	304,502	316,502
Cash and Cash Equivalents		3,507		31,731
		607,003	638,709
Total Assets		627,975	655,242
Equity and Liabilities
Equity
Share capital		118,350	118,350
Retained earnings		(154,998)	(147,731)
Other Components of Equity	3	232,440		232,440
Total Equity		195,792	203,059
Non-Current Liabilities
Deferred Tax		(852)	(852)
Current Liabilities
Trade and other payables	4	153,424	150,424
Current income tax liabilities		3,974	3,974
Short term borrowings		275,637		298,637
		433,035	453,035
Total Equity and Liabilities		627,975	655,243

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 25th January, 2022

STATEMENT OF CHANGE IN EQUITY

31ST DECEMBER, 2021

	Share	Share	Retained	Other	Total
	Capital	Premium	Earnings	Reserves	Equity
	₦'000	₦'000	₦'000	₦'000	₦'000
Balance as at 1st Oct 2021	118,350	229,351	(147,731)	3,089	203,059
Profit for the period	-	-	(7,267)	-	(7,267)
Balance as at 31st Dec 2021	118,350	229,351	(154,998)	3,089	195,792

STATEMENT OF CASH FLOWS
30TH SEPTEMBER, 2021
		Unadited		Unaudited
		31 DEC '21		30 SEP '21
	Notes	₦'000		₦'000
Cash from operating activities
Profit before income tax	(7,267)	21,188
Adjustments:
Interest income	-	-
Interest expense	9,650	13,810
Profit from asset disposal	-	-
Depreciation		443	443
Changes in working capital:
-	inventories	(8,518)	11,212
-	trade and other receivables	12,000	12,003
-	trade and other payables	3,000	(32,339)
Cash generated from operations	9,309	26,317
Interest income received	-	-
Interest expense paid	(9,650)	(13,810)
Income tax paid	-	-
VAT paid		-	-
Net cash from/ (used in) operating activities	(342)	12,507
Cash from investing activities
Purchase of property, plant and equipment	(4,882)	(1,259)
		-	-
Proceeds from disposal of property, plant and	-		-
Net cash from/ (used in) investing activities	(4,882)	(1,259)
Cash from financing activities
Net proceeds / (repayment) on long term	-	-
Net proceeds / (repayment) on short term	(23,000)	15,143
Restricted cash	-		-
Net cash from/ (used in) financing activities	(23,000)		15,143
Net change in cash and cash equivalents	(28,224)	26,391
Cash and cash equivalents at beginning of the	31,731		5,340
Cash and cash equivalents at end of the year	3,507	31,731
Represented By:
Cash and cash equivalents	3,507	31,731