EUNISELL INTERLINKED : QUARTER 4 - FINANCIAL STATEMENT FOR 2022

EUNISELL INTERLINKED PLC

UNAUDITED ACCOUNTS FOR THE PERIOD ENDED

30TH JUNE 2022

EUNISELL INTERLINKED PLC

UNAUDITED STATEMENT OF COMPREHENSIVE INCOME FOR 12 MONTHS ENDED 3OTH JUNE, 2022

(Figures in ₦'000)
	Unaudited		Audited
	JUNE 2022		JUNE 2021
	₦'000		₦'000
REVENUE	196,399	225,550
COST OF SALES	(126,200)	(131,175)
GROSS PROFIT	70,199		94,375
OPERATING EXPENSES	(53,620)	(48,610)
ALLOWANCE FOR IMPAIRMENT AND OBSOLESCENCE
OTHER INCOME	1,490	3,798
PROFIT/(LOSS)FROM OPERATIONS	18,069		49,563
FINANCE COST	(17,820)		(38,654)
PROFIT BEFORE TAX	249	10,909
TAXATION		(89)
PROFIT/(LOSS) FOR THE PERIOD	249		10,820
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	249		10,820

EUNISELL INTERLINKED PLC

UNAUDITED STATEMENT OF FINANCIAL POSITION

AS AT 30TH JUNE 2022

(Figures in N'000)
NOTES		Unaudited		Audited
		30 JUN 2022	30 JUN 2021
Assets:		₦'000		₦'000
Non-Current Assets:
Property, Plant and equipment	1	19,313	15,717
Current Assets:
Inventories		211,838	301,688
Trade Receivables/Prepayment	2	380,616	328,505
Cash and Cash Equivalents		642		5,340
		593,096	635,533
Total Assets		612,409	651,251
Equity and Liabilities
Equity
Share capital		118,350	118,350
Retained earnings		(168,670)	(168,919)
Other Components of Equity	3	212,971		232,440
Total Equity		162,651	181,870
Non-Current Liabilities
Deferred Tax		(1,509)	(852)
Current Liabilities
Trade and other Payables	4	154,534	182,763
Current income tax liabilities		12,942	3,974
Short-term Borrowings		283,794	283,494
		451,270	470,231
Total Equity and Liabilities		612,409	651,250

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
28th July 2022

STATEMENT OF CHANGE IN EQUITY

30TH JUNE 2022

	Share	Share	Retained	Other	Total
	Capital	Premium	Earnings	Reserves	Equity
	₦'000	₦'000	₦'000	₦'000	₦'000
Balance as at 1st July 2021	118,350	229,351	(168,919)	3,089	181,871
Profit for the period	-	-	249	-	249
Balance as at 30th Jun 2022	118,350	229,351	-168,670	3,089	182,120

Balance as at 1st July 2019	118,350	229,351	-193,533	3,089	157,257
Profit for the period	-	-	10,096	-	10,096
Balance as at 30th June 2020	118,350	229,351	-183,437	3,089	167,353

STATEMENT OF CASH FLOWS
30TH JUNE, 2022
	Unaudited	Audited
	30 JUN 2022	30 JUN 2021
N
ot
es	₦'000	₦'000

Cash from operating activities
Profit before income tax	249	16,598
Adjustments:
Interest income	-	-
Interest expense	17,820	38,654
Profit from asset disposal	-	-
Depreciation		2,539	2,686
Changes in working capital:
-	inventories	(89,850)	(93,180)
-	trade and other receivables	(28,229)	(75,048)
-	trade and other payables	52,111	(6,173)
Cash generated from operations	(45,360)	(116,463)
Interest income received	-	-
Interest expense paid	(17,820)	(38,654)
Income tax paid		(6,312)
VAT paid		-		-
Net cash from/ (used in) operating activities	(63,180)	(161,429)
Cash from investing activities
Purchase of property, plant and equipment	(5,693)	10,021
		-	-
Proceeds from disposal of property, plant and	-	-
Net cash from/ (used in) investing activities	(5,693)	10,021
Cash from financing activities
Net proceeds / (repayment) on long term	-	-
Net proceeds / (repayment) on short term	300	175,979
Restricted cash	-	-
Net cash from/ (used in) financing activities	300		175,979
Net change in cash and cash equivalents	(68,573)	4,528
Cash and cash equivalents at beginning of the year	5,340	812
Cash and cash equivalents at end of the year	(63,233)	5,339
Represented By:
Cash and cash equivalents	642	5,340