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.