Chams Plc

Unaudited Interim Financial Statements (Q4)

For the Twelve Month Ended 31 December 2021

Chams Plc

Unaudited Interim Financial Statements for the Twelve Month ended 31st December 2021

Contents

Page

Statement of Profit & Loss & Other Comprehensive Income

3

Statement of Financial Position

4

Statement of Changes in Equity

5-6

Statement of Cash Flow

7

Notes to the Financial Statement

8-12

2

Chams Plc and Its Subsidiaries

-

-

Consolidated and Separate Statement of Profit or Loss and other Comprehensive Income

for the period ended December 31st , 2020

Notes

Group Account

Group Account

Group Account

Group Account

Group Account

Chams Plc

Chams Plc

Chams Plc

Chams Plc

Chams Plc

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

2020

2020

2021

2021

2020

2020

'2020

'2021

2021

2020

Oct-Dec

Jan-Dec

Oct-Dec

Jan-Dec

Jan-Dec

Oct-Dec

Oct-Dec

Jan-Dec

N' 000

N' 000

N' 000

N' 000

N' 000

'N' 000

N' 000

N' 000

'N' 000

N' 000

Revenue

9

961,679

2,157,279

808,476

3,247,789

2,111,288

497,879

164,043

34,372

317,119

454,912

-

-

-

Cost of Sales

10

(622,596.32)

(1,213,039)

(656,726)

(2,518,015)

(1,351,773)

(137,815)

(33,465)

(17,001)

(219,263)

(147,693)

-

Gross Profit

339,082

944,240

151,750

729,775

759,515

360,065

130,578

17,370

97,855

307,219

-

Other operating Income

11

22,031

44,407

283,412

513,820

36,710

42,307

20,703

239,658

296,148

42,347

-

-

-

Administrative Expenses

12

(285,972)

(942,127)

(276,248)

(1,016,464)

(1,583,124)

(477,475)

(109,411)

(94,424)

(398,372)

-587,004

-

Operating Profit/( Loss)

75,142

46,520

158,914

227,130

(786,899)

(75,103)

41,870

162,605

(4,368)

(237,438)

Finance expense

13

(13,841)

(111,178)

(36,639)

(151,023)

(127,337)

(99,180)

(6,508)

(30,097)

(101,082)

(108,454)

Finance Income

173

618

4,969

13,172

1,109

618

173

4,969

13,172

618

-

Profit/(Loss) before Taxation

61,474

(64,040)

127,245

89,279

(913,127)

(173,665)

35,535

137,477

(92,279)

(345,274)

Taxation expense (Provision)

(40)

(40)

(31,756)

(1,243)

-

Profit/(Loss) after Taxation

61,434

(64,080)

127,245

89,279

(944,883)

(173,665)

35,535

137,477

(92,279)

(346,517)

Other Comprehensive Income/ Loss

Revaluation surplus on property, plant and equipment

Disposal

Profit on disposal of asset

Total Comprehensive Income

61,434

(64,080)

127,245

89,279

(944,883)

(173,665)

35,535

137,477

(92,279)

(346,517)

Profit/Loss for the period attributable to :

Owners of the company

54,752

(57,110)

110,474

77,512

(820,349)

(346,517)

Non controlling interest

6,682

(6,970)

16,771

11,767

(124,534)

-

Income/(loss) after taxation

61,434

(64,080)

127,245

89,279

(944,883)

(173,665)

35,535

137,477

(92,279)

(346,517)

Total comprehensive income attributable to:

Owners of Parent

54,752

(57,110)

110,474

77,512

(820,349)

(173,665)

35,535

137,477

(92,279)

(346,517)

Non controlling interest

6,682

(6,970)

16,771

11,767

(124,534)

-

61,434

(64,080)

127,245

89,279

(944,883)

(173,665)

35,535

137,477

(92,279)

(346,517)

Basic (Loss) / earnings per share (kobo)

1K

(1)K

2.4K

2K

(17)K

(3)k

1K

3k

( 2)k

(7)k

Diluted (Loss)/ earnings per share (Kobo)

1K

(1)K

2.4K

2K

(17)K

(3)k

1K

3k

( 2)k

(7)k

3

Chams Plc and Its Subsidiary Companies

Consolidated and Separate Statement of Financial Position

for the period ended December 31st , 2021

Notes

Chams Group

Chams Group

Chams Group

Chams Plc

Chams Plc

Chams Plc

Unaudited

Unaudited

Audited

Unaudited

Unaudited

Audited

Dec 2020

Dec 2021

2020

Dec 2020

Dec 2021

2020

N'000

N'000

N'000

N'000

N'000

N'000

Assets

Non-current assets

Property,plant and equipment

14

2,394,642

2,375,121

2,447,537

1,781,769

1,792,262

1,844,028

Long term Investment

2,453,828

2,375,521

2,304,322

Investment Project

15

460

538,160

460

460

538,160

460

Deposit for Investment

-

Available for Sale financial Assets

16

100,000

100,000

100,000

100,000

100,000

100,000

Intangible Asset

17

761,650

4,094,317

825,946

Loan receivable

-

-

3,256,753

7,107,598

3,373,943

4,336,057

4,805,943

4,248,810

CURRENT ASSETS

Inventory & Work In Progress

18

239,395

131,128

199,689

23,768

282

-

Trade and other receivable

19

1,829,652

3,886,471

1,818,660

708,968

819,306

822,082

Prepayments

Cash and Cash Equivalent

22

1,797,807

1,709,915

1,588,264

442,070

43,186

442,070

3,866,855

5,727,514

3,606,613

1,174,807

862,774

1,264,152

Asset held for sale

Landed Property

-

-

-

Total Assets

7,123,607

12,835,112

6,980,556

5,510,864

5,668,717

5,512,962

Liabilities

Non -current liabilities

Long Term Loan

Deferred Tax

-

-

-

-

-

-

Current liabilities

Trade and other Payable

20

3,593,692

9,124,411

4,125,717

802,304

952,842

965,517

Loan & Borrowing

21

1,093,413

1,223,242

1,114,773

976,444

962,706

976,444

Deposit for Shares

254,933

304,933

-

Deferred Income

433

2,817

-

Taxation

270,371

157,018

310,954

209,219

65,158

220,956

5,212,843

10,812,421

5,551,444

1,987,967

1,980,706

2,162,917

Total liabilities

5,212,843

10,812,421

5,551,444

1,987,967

1,980,706

2,162,917

NET ASSETS

1,910,765

2,022,691

1,429,112

3,522,897

3,688,011

3,350,045

Chams Plc

Unaudited Interim Financial Statements for the Twelve Month ended 31st December 2021

Statement of Financial Position (Continued)

As at December 31st, 2020

Notes

Chams Group

Chams Group

Chams Group

Chams Plc

Chams Plc

Chams Plc

Unaudited

Unaudited

Audited

Unaudited

Unaudited

Audited

Dec 2020

Dec 2021

2020

Dec 2020

Dec 2021

2020

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

35,009

35,009

35,008

35,008

35,008

35,008

Plant, Property & Equipment Revaluation Reserve

1,482,164

1,986,463

1,482,164

959,065

1,463,364

959,065

Revaluation Surplus on Building

-

-

Capital Reserve

145,522

145,522

145,522

-

-

Revenue Reserve(Retained Earnings)

(1,824,336)

(2,510,063)

(2,587,575)

180,794

(158,391)

7,942

Equity Attributable to Owners of the Parent

2,186,389

2,004,961

1,423,149

3,522,897

3,688,011

3,350,045

Non-Controlling Interest

(275,624)

17,730

5,963

TOTAL EQUITY

1,910,765

2,022,691

1,429,112

3,522,897

3,688,011

3,350,045

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

Gavin Young

Patricia Duru

Managing Director

Group Chief Financial Officer

FRC/2020/003/00000020885

FRC/2015/ICAN/0000012604

4

Chams Plc and Its Subsidiary Companies

Unaudited Consolidated and Separate Statement of Changes in Equity For Twelve Month Ended 31st December 2021

Group

Balance as at 1st January 2021

Profit for the year/(Loss)

Other Comprehensive Income

Total Comprehensive Profit

Transactions with owners recorded directly in equity: Revaluation of Software

Dividend

Balance as at 31st December 2021

Issued Share

Share

Revaluation

Capital

Retained

Total Attributable

Non-

to Equity Holders

Controlling

Total

capital

Premium

Reserve

Reserve

Earnings

of parent

Interest

N'000

N'000

N'000

N'000

N'000

N'000

2,348,030

35,008

1,482,164

145,522

(2,587,575)

1,423,149

5,963

1,429,113

-

-

77,512

77,512

11,767

89,279

-

-

-

-

-

-

77,512

77,512

11,767

89,279

-

-

-

-

-

-

-

504,299

504,299

-

2,348,030

35,008

1,986,463

145,522

(2,510,063)

1,500,661

17,730

2,022,692

Group

Balance as at 1st January 2020

Profit for the year/(Loss)

Other Comprehensive Income

Total Comprehensive Profit

Transactions with owners recorded directly in equity:

Dividend

Balance as at 31st December 2020

Issued Share

Share

Revaluation

Capital

Retained

Total Attributable

Non-

to Equity Holders

Controlling

Total

capital

Premium

Reserve

Reserve

Earnings

of parent

Interest

N'000

N'000

N'000

N'000

N'000

N'000

2,348,030

35,008

1,482,164

145,522

(1,767,226)

2,243,498

(268,654)

1,974,844

-

-

(57,110)

(57,110)

(6,970)

(64,080)

-

-

-

-

-

-

(57,110)

(57,110)

(6,970)

(64,080)

-

-

-

-

-

-

-

-

-

2,348,030

35,008

1,482,164

145,522

(1,824,336)

2,186,388

(275,624)

1,910,765

5

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Chams plc published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 19:11:05 UTC.