ABC TRANSPORT PLC
RC No 219970
Km 5 MCC Road, Umuoba, Uratta P.O. Box 2575, Owerri, Imo State, Nigeria Tel:083-300667,083-3006680805-3002000,083-9600958e-mail-info@abctransport.com
Directors:Prince Olumide Obayomi(Chairman);Kabiru Yusuf;Mr Bamidele Asije;
John Okoro; Jude Nneji; Frank Nneji(MD/CEO)
TABLE OF CONTENTS
CONSOLIDATED AND SEPARATE STATEMENT OF COMPREHENSIVE INCOME | 1 |
CONSOLIDATED AND SEPARATE STATEMENT OF COMPREHENSIVE INCOME OCT-DEC 2021 | 2 |
CONSOLIDATED AND SEPARATE STATEMENT OF FINANCIAL POSITION | 3 |
CONSOLIDATED AND SEPARATE STATEMENT OF CASH FLOW | 4 |
CONSOLIDATED AND SEPARATE CHANGES IN EQUITY | 5 |
CONSOLIDATED AND SEPARATE NOTE 1 | 6-7 |
CONSOLIDATED AND SEPARATE NOTES 2-21 | 8-13 |
SEGMENT REPORT | 14-15 |
OTHER DISCLOSURES 1-18 | 16-20 |
ABC TRANSPORT PLC
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
FOR THE FOURTH QUATER ENDED 31 DECEMBER 2021
Group | Company | |||||||
2021 | 2020 | 2021 | 2020 | |||||
Continuing operations | Note | =N=000 | =N=000 | =N=000 | =N=000 | |||
Revenue | 14 | 6,811,559 | 7,593,123 | 4,457,505 | 3,585,070 | |||
Direct costs | 16 | (5,607,057) | (6,245,759) | (3,768,271) | (3,277,938) | |||
Gross profit | 1,204,502 | 1,347,364 | 689,234 | 307,132 | ||||
Administrative expenses | 17 | (1,516,462) | (1,343,392) | (1,137,275) | (964,533) | |||
(311,959) | 3,972 | (448,040) | (657,401) | |||||
Other operating income | 15 | 52,424 | 37,749 | 43,761 | 19,925 | |||
Interest income | 18 | 2,859 | 50,544 | 1 | 421 | |||
Investment income | ||||||||
Net fair value gains on financial assets | ||||||||
through profit or loss | 853 | 5,710 | 853 | 5,710 | ||||
Impairment losses | 19 | 478,581 | 410,982 | |||||
Other gains and losses | (106,769) | 231,723 | ||||||
Finance costs | 20 | (186,559) | (253,479) | (152,002) | (193,964) | |||
Profit/(loss) before income tax | 36,199 | (262,274) | (144,445) | (593,587) | ||||
Income tax expense | 11. | (217,608) | (161,166) | (128,464) | (27,045) | |||
(Loss)/profit from continuing operations | (181,409) | (423,440) | (272,909) | (620,632) | ||||
Attributable to: | (256,041) | (552,337) | (272,909) | (620,632) | ||||
Equity shareholders | ||||||||
Non-controlling interests | 74,633 | 128,897 | ||||||
Other Comprehensive income: | (181,408) | (423,440) | (272,909) | (620,632) | ||||
Items that will not be reclassified | ||||||||
subsequently to profit or loss: | ||||||||
Remeasurement of defined benefit obligation | ||||||||
Items that may be reclassified | ||||||||
subsequently to profit or loss | ||||||||
Net exchange differences on translating | ||||||||
foreign operations | (9,184) | (6,070) | ||||||
Other comprehensive income | (9,184) | (6,070) | ||||||
Total comprehensive (loss)/income for the year | (190,592) | (429,510) | (272,909) | (620,632) | ||||
Attributable to: | (265,133) | (558,346) | (272,909) | (620,632) | ||||
Equity shareholders | ||||||||
Non-controlling interests | 74,541 | 128,836 | ||||||
(190,592) | (429,510) | (272,909) | (620,632) | |||||
Basic and diluted (loss)/earnings per share (Kobo) | (10.94) | (26) | (16.46) | (37) | ||||
significant accounting policies form an integral | ||||||||
part of these consolidated financial statements. |
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ABC TRANSPORT PLC | ||||||||
CONSOLIDATED STATEMENT OF PROFIT OR LOSS | ||||||||
AND OTHER COMPREHENSIVE INCOME | ||||||||
FOR OCTOBER TO DECEMBER 2021 | ||||||||
Group | Company | |||||||
OCT-DEC | OCT-DEC | OCT-DEC | OCT-DEC | |||||
2021 | 2020 | 2021 | 2020 | |||||
2021 | 2020 | 2021 | 2020 | |||||
Continuing operations | Note | =N=000 | =N=000 | =N=000 | =N=000 | |||
Revenue | 14 | 2,353,374 | 2,700,474 | 1,208,692 | 1,084,632 | |||
Direct costs | 16 | (2,009,192) | (2,090,382) | (992,118) | (921,438) | |||
Gross profit | 344,182 | 610,092 | 216,574 | 163,194 | ||||
Administrative expenses | 17 | (530,325) | (463,909) | (292,841) | (317,585) | |||
Other operating income | 15 | (11,080) | 4,706 | (9,859) | 2,455 | |||
Interest income | 18 | 2,308 | (768) | 0 | (5,637) | |||
Investment income | ||||||||
Net fair value gains on financial assets | ||||||||
through profit or loss | 300 | 5,710 | 300 | 5,710 | ||||
Impairment losses | 0 | - | ||||||
Other gains and losses | 19 | 184,707 | 105,151 | 94,945 | 189,969 | |||
Finance costs | 20 | (56,109) | (58,204) | (44,109) | (47,292) | |||
Profit/(loss) before income tax | (66,017) | 202,777 | (34,990) | (9,187) | ||||
Income tax expense | 11. | (25,028) | (94,245) | (5,137) | (14,543) | |||
(Loss)/profit from continuing operations | (91,045) | 108,532 | (40,127) | (23,730) | ||||
Attributable to: | (104,908) | 35,261 | (40,127) | (23,730) | ||||
Equity shareholders | ||||||||
Non-controlling interests | 13,864 | 73,272 | ||||||
Other Comprehensive income: | (91,044) | 108,533 | (40,127) | (23,730) | ||||
Items that will not be reclassified | ||||||||
subsequently to profit or loss: | ||||||||
Remeasurement of defined benefit obligation | ||||||||
Items that may be reclassified | ||||||||
subsequently to profit or loss | ||||||||
Net exchange differences on translating | ||||||||
foreign operations | 2,110 | 1,755 | ||||||
0 | ||||||||
Other comprehensive income | 2,110 | 1,755 | ||||||
Total comprehensive (loss)/income for the year | (88,934) | 110,288 | (40,127) | (23,730) | ||||
Attributable to: | (102,818) | 36,999 | (23,730) | |||||
Equity shareholders | ||||||||
Non-controlling interests | 13,885 | 73,289 | ||||||
(88,934) | 110,288 | (40,127) | (23,730) |
Basic and diluted (loss)/earnings per share (Kobo)
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ABC TRANSPORT PLC
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
FOR THE FOURTH QUATER ENDED 31 DECEMBER 2019
Group | Company | ||||||||
2021 | 2020 | 2021 | 2,020 | ||||||
Note | =N=000 | N'000 | =N=000 | =N=000 | |||||
Non-current assets | 1 | 2,994,555 | 2,218,264 | 2,629,559 | |||||
Property, plant and equipment | 3,268,809 | ||||||||
Intangible assets | 12 | 26,720 | 18,420 | 26,434 | 17,963 | ||||
Investment in subsidiaries | 41,470 | 41,470 | |||||||
Financial assets - FVOCI | 1,845 | 1,845 | 1,845 | 1,845 | |||||
Financial assets - FVPL | 16,361 | 15,508 | 16,361 | 15,508 | |||||
Other investments | 59,864 | 59,864 | 59,864 | 59,864 | |||||
Deferred tax asset | |||||||||
Total non-current assets | 3,364,446 | 2,766,209 | |||||||
3,099,345 | 2,364,238 | ||||||||
Current assets | 219,174 | 219,174 | |||||||
Inventories | 2 | 831,335 | 208,726 | ||||||
Trade and other receivables | 4 | 931,320 | 562,577 | (163,123) | 104,004 | ||||
Other assets | 5 | 807,596 | 881,875 | 262,562 | 215,020 | ||||
Cash and bank balances | 6 | 716,858 | 541,463 | 85,317 | 113,186 | ||||
Current Tax asset | 377 | 377 | |||||||
Total current assets | 2,675,324 | 2,817,626 | 403,930 | 640,935 | |||||
Total assets | 5,774,670 | 6,182,072 | 2,768,168 | 3,407,144 | |||||
Equity and reserves | 828,850 | 828,850 | 828,850 | 828,850 | |||||
Issued share capital | |||||||||
Share premium | 575,391 | 575,391 | 575,391 | 575,391 | |||||
Retained earnings | (847,517) | (591,476) | (812,133) | (539,224) | |||||
Other comprehensive income reserve | (91,879) | (82,787) | 18,188 | 18,188 | |||||
Shareholder's fund | 464,845 | 729,978 | 610,296 | 883,205 | |||||
Non-controlling interests | 452,897 | 378,356 | |||||||
Total equity and reserves | 917,742 | 1,108,334 | 610,296 | 883,205 | |||||
Non-current liabilities | 10a | 386,782 | 40,257 | 229,403 | |||||
Loans and borrowings | 229,403 | ||||||||
Post employment benefits - defined benefits | 13 | 171,927 | 224,597 | 168,981 | 221,711 | ||||
Provisions | 9 | 78,713 | 83,372 | 78,713 | 83,372 | ||||
Deferred tax liabilities | 12,098 | 12,098 | |||||||
Total non-current liabilities | 649,519 | 549,470 | 287,950 | 534,486 | |||||
Current liabilities | 10b | 575,489 | 508,467 | 358,810 | |||||
Loans and borrowings | 358,810 | ||||||||
Post employment benefits - defined contribution | 295,785 | 261,954 | 295,785 | 261,954 | |||||
Current tax liabilities | 11 | 348,743 | 235,455 | 128,464 | 37,164 | ||||
Trade and other payables | 7 | 2,627,889 | 3,264,719 | 705,151 | 1,048,660 | ||||
Deferred income | 8 | 24,894 | 140,689 | 24,894 | 20,224 | ||||
Overdraft | 334,609 | 262,642 | 207,163 | 262,642 | |||||
Total current liabilities | 4,207,407 | 4,524,268 | 1,869,922 | 1,989,453 | |||||
Total Liabilities | 4,207,407 | 5,073,738 | 1,869,922 | 2,523,939 | |||||
Total equity and liabilities | 5,774,669 | 6,182,072 | 2,768,168 | 3,407,144 |
The consolidated financial statements were approved by the Board of Directors on 27th January 2021 and signed on its
Prince Olumide Obayomi | Mr. Frank | Mr. Rex Okoro |
Chairman | Managing Director/CEO | Chief Finance Officer |
FRC/2014/00000009248 | FRC/2015/00000011771 | FRC/2014/ICAN/00000007350 |
The accompanying notes and statement | ||
of significant accounting policies form an |
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ABC Transport plc published this content on 30 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2022 21:10:03 UTC.