EUNISELL INTERLINKED : QUARTER 3 - FINANCIAL STATEMENT FOR 2023

EUNISELL INTERLINKED PLC

UNAUDITED ACCOUNTS FOR THE PERIOD ENDED

31ST MARCH 2023

EUNISELL INTERLINKED PLC
UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR 3RD QUARTER ENDED 31ST MARCH 2023
(Figures in ₦'000)
	3 MONTHS		3 MONTHS	9 MONTHS		9 MONTHS
	JAN'23-MAR'23		JAN'22-MAR'22	JUL'22-MAR'23		JUL'21-MAR'22	%
	₦'000		₦'000	₦'000		₦'000
REVENUE	23,055	30,116		206,444	173,845	19%
COST OF SALES	(12,592)		(13,915)		(137,297)		(86,324)	59%
GROSS PROFIT	10,463	16,201		69,147	87,521	-21%
OPERATING EXPENSES	(17,244)	(18,486)		(51,267)	(52,425)	-35%
OTHER INCOME	-		-		-		-
PROFIT/(LOSS)FROM OPERATIONS	(6,781)	(2,285)		17,880	35,096	218%
FINANCE COST	(5,611)		(5,496)		(14,766)		(28,956)	199%
PROFIT BEFORE TAX	(12,392)	(7,781)		3,114	6,140	66%
TAXATION	-		-		-		-
PROFIT/(LOSS) FOR THE PERIOD	(12,392)	(7,781)		3,114	6,140	66%
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	(12,392)	(7,781)		3,114	6,140	66%

EUNISELL INTERLINKED PLC

UNAUDITED STATEMENT OF FINANCIAL POSITION

AS AT 31ST MARCH 2023

(Figures in N'000)
	NOTES	9 MONTHS		Audited
		31 MAR'2023	30 JUN 2022
Assets:		₦'000		₦'000
Non-Current Assets:
Property, Plant and equipment	1	18,100	17,360
Current Assets:
Inventories		275,062	318,020
Trade Receivables/Prepayment	2	299,941	267,404
Cash and Cash Equivalents		7,654		584
		582,657	586,008
Total Assets		600,757	603,369
Equity and Liabilities
Equity
Share capital		118,350	118,350
Retained earnings		(155,911)	(163,832)
Other Components of Equity	3	232,440		232,440
Total Equity		194,879	186,957
Non-Current Liabilities
Deferred Tax		2,851	2,851
Current Liabilities
Trade and other Payables	4	294,489	121,033
Current income tax liabilities		3,974	1,809
Short-term Borrowings		104,564	290,716
		403,027	413,558
Total Equity and Liabilities		600,757	603,367

Fabian C. Nnadozie	Chris Okoro	Temitope Olusoji
Chairman	MD/CEO	Chief Financial Officer (CFO)
FRC2017/NSE/00000017392	FRC/2019/002/0000074	FRC/2020/004/00000022179
Approved by the Board
20th April 2023

STATEMENT OF CHANGE IN EQUITY

31ST MARCH 2023

	Share	Share	Retained	Other	Total
	Capital	Premium	Earnings	Reserves	Equity
	₦'000	₦'000	₦'000	₦'000	₦'000
Balance as at 1st Jan 2023	118,350	229,351	(143,519)	3,089	207,271
Profit for the period	-	-	(12,392)	-	(12,392)
Balance as at 31st Mar 2022	118,350	229,351	(155,911)	3,089	194,879

STATEMENT OF CASH FLOWS
31ST MARCH, 2023
		Unaudited		Audited
		31 MAR'2023		30 JUN 2022
	Notes	₦'000		₦'000
Cash from operating activities
Profit before income tax	3,114	16,598
Adjustments:
Interest income	-	-
Interest expense	14,766	38,654
Profit from asset disposal	-	-
Depreciation		-	2,686
Changes in working capital:
-	inventories	42,958	(93,180)
-	trade and other receivables	(32,537)	(75,048)
-	trade and other payables	173,456	(6,173)
Cash generated from operations	201,757	(116,463)
Interest income received	-	-
Interest expense paid	(14,766)	(38,654)
Income tax paid	(1,539)	(6,312)
VAT paid		-		-
Net cash from/ (used in) operating activities	185,452	(161,429)
Cash from investing activities
Purchase of property, plant and equipment	-	10,021
		-	-
Proceeds from disposal of property, plant and	-		-
Net cash from/ (used in) investing activities	-	10,021
Cash from financing activities
Net proceeds / (repayment) on long term	-	-
Net proceeds / (repayment) on short term	(178,383)	175,979
Restricted cash	-	-
Net cash from/ (used in) financing activities	(178,383)		175,979
Net change in cash and cash equivalents	7,069	4,528
Cash and cash equivalents at beginning of the year	584	812
Cash and cash equivalents at end of the year	7,654	5,340
Represented By:
Cash and cash equivalents	7,654	584