ETranzact International : E-TRANZACT INTERNATIONAL PLC- QUARTER 1 - FINANCIAL STATEMENT FOR 2023

eTRANZACT INTERNATIONAL PLC

UNAUDITED FINANCIAL STATEMENTS

FOR THE FIRST QUARTER ENDED 31ST MARCH 2023

eTRANZACT INTERNATIONAL PLC

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FIRST QUARTER ENDED 31ST MARCH 2023

	Unaudited	Unaudited
	3/31/2023	3/31/2022
	N'000	N'000
Continuing operations
Revenue	10,288,245	5,450,758
Cost of sales	(8,730,251)	(4,518,916)
Gross profit	1,557,994	931,842
Selling and Marketing costs	(62,469)	(22,557)
Administrative expenses	(835,521)	(657,239)
Operating profit	660,003	252,046
Other Income	-	-
Finance Cost	(6,620)	(5,616)
Investment income	49,467	13,251
Profit before tax	702,850	259,681
Taxation	(196,238)	(83,098)
Profit for the period	506,612	176,583

There is no other comprehensive income for the period, hence the profit for the period is equal to the total comprehensive income.

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eTRANZACT INTERNATIONAL PLC

STATEMENT OF FINANCIAL POSITION AS AT 31ST MARCH 2023
		Unaudited	Unaudited
		3/31/2023	12/31/2022
	Note	N'000	N'000
Non-current assets
Property, plant and equipment	1	1,508,982	992,747
Investment property	2	136,810	136,810
Intangible assets	3	84,363	95,568
Deposit for shares		456,755	456,755
Total non-current assets		2,186,910	1,681,880
Current assets
Inventories	6	1,889,276	3,086,557
Trade and other receivables	7	706,013	671,245
Other assets	5	2,826,843	2,833,561
Cash and cash equivalents	8	9,753,495	9,413,861
Total current assets		15,175,629	16,005,224
Total assets		17,362,539	17,687,104
Non-Current liabilities
Deferred Grant Income	10	90,396	90,396
Long term Loan	10	300,805	320,451
		391,200	410,847
Current liabilities
Trade and other payables	9	6,452,746	7,458,042
Current tax liabilities	11	736,153	542,387
Total current liabilities		7,188,900	8,000,429
Total liabilities		7,580,100	8,411,276
Equity
Share capital	12	4,600,000	4,600,000
Share premium account	13	7,374,272	7,374,272
Retained earnings	15	(2,191,832)	(2,698,444)
Total equity attributable to owners of the company	9,782,439	9,275,828
Total equity and Liabilities		17,362,539	17,687,104

The financial statements was approved by the Board of Directors on April 27, 2023 and signed on its behalf by:

	……………………………..
Mr Niyi Toluwalope	Mr Emmanuel Ogunji
Chief Executive Officer	Chief Financial Officer
FRC/2013/ICAN/00000002251	FRC/2014/ICAN/00000007266

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eTRANZACT INTERNATIONAL PLC

STATEMENT OF CHANGES IN EQUITY

FOR THE FIRST QUARTER ENDED 31ST MARCH 2023

		Share	Convertible	Retained
	Share capital	premium	Debenture	earnings	Total
	N'000	N'000	N'000	N'000	N'000
Balance at 1 January 2022	3,317,283	2,969,824	-	(3,873,416)	2,413,691
Additions through debenture issue	-	-	5,772,225	-	5,772,225
Issue Cost	-	-	(58,064)	-	(58,064)
Conversion of debenture to ordinary shares	1,282,717	4,431,444	(5,714,161)	-	-
Conversion Cost	-	(26,997)	-	-	(26,997)
Profit for the year	-	-	-	1,174,972	1,174,972
Other comprehensive income	-	-	-	-	-
Total comprehensive income	-	-	-	1,174,972	1,174,972
Balance at 31 December 2022	4,600,000	7,374,272	-	(2,698,444)	9,275,828
Balance at 1 January 2023	4,600,000	7,374,272	-	(2,698,444)	9,275,828
Profit for the period	-	-	-	506,612	506,612
Other comprehensive income for the period	-	-	-	-	-
Total comprehensive income	-	-	-	506,612	506,612
Balance at 31 March 2023	4,600,000	7,374,272	-	(2,191,832)	9,782,439

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eTRANZACT INTERNATIONAL PLC

CASHFLOW STATEMENT FOR THE FIRST QUARTER ENDED 31ST MARCH 2023

Cashflow from operating activities

Cash receipt from customers

Cash paid to suppliers and employees

Cash generated from/(used in) operations

Income taxes paid

Net cash generated from/(used in) operating activities

Cashflow from investing activities Purchase of property, plant and equipment Additions to intangible assets

Interest received and similar income Interest on Loan

Proceeds from sale of Property, plant and equipment

Net cash used in investing activities

Cashflow from financing activities Net Proceeds from Debenture Issue Issue Cost

Conversion cost of debenture to ordinary shares Repayment of Loan Principal

Repayment of Interest on Loan Loan obtained

Net cash generated by financing activities

Net increase in cash and cash equivalents Effects of exchange rate on year end bank balances Cash and cash equivalents at beginning of year

Cash and cash equivalents at end of the period

	3/31/2023	12/31/2022
Note	N'000	N'000
	10,288,023	22,667,135
	(9,343,465)	(24,100,287)
	944,558	(1,433,152)
11	(2,472)	(110,905)
	942,086	(1,544,057)
1	(619,033)	(541,935)
3	-	(7,256)
	49,467	47,619
	(6,620)	(29,817)
	-	400
	(576,186)	(530,989)
	-	5,772,225
	-	(58,064)
	-	(26,997)
	(17,857)	(71,429)
	(8,409)	(23,768)
10	-	-
	(26,266)	5,591,968
	339,634	3,516,922
	-	-
	9,413,861	5,896,939
8	9,753,495	9,413,861

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