JULI : QUARTER 1 - FINANCIAL STATEMENT FOR 2022

JULI PLC

QUARTERLY REPORT

FIRST QUARTER ENDED 31ST MARCH 2022

19, KODESOH STREET IKEJA LAGOS STATE.

JULI PLC
STATEMENT OF FINANCIAL POSITION
FIRST QUARTER Mar. 2022	NOTE
31st Mar.2022	31st Mar.2021
2022	2021
₦	₦
ASSETS
Non- Current Assets
Property, Plant & Equipment	5	191,108	197,921
Product Development Exps
Investments	6	1,000	1,000
Total Non-Current assets	192,108	198,921
Current Assets
Inventories	7	19,345	33,030
Trade Receivables & Prepayments	8	-	-
Cash & Cash Equivalents	9	2,439	6,668
21,784	39,698
TOTAL ASSETS	213,892	238,619
EQUITY AND LIABILITIES
Share Capital	10	99,952	99,952
Share Premium
Revaluation Reserve	11	236,529	236,529
Retained Earning	12	(670,498)	(676,320)
(334,017)	(339,839)
Non-Current Liabilities
Term Loan	13	186,363	193,155
Deferred Taxation
Current Liabilities
Trade Payables & Accruals	14	333,790	357,547
Tax Payable	15	16,993	16,993
Related Party- MIDAS Investment Property	16	10,763	10,763
Bank Overdraft
361,546	385,303
TOTAL EQUITY & LIABILITIES	213,892	238,619
}
}	Directors
The Accounting Policies and notes form part of these Financial Statements

Prince Julius Adelusi-Adeluyi, OFR, mni Chairman

FRC/2013/NBA/00000004555

Mrs Julia Omoshalewa Adelusi-Adeluyi Acting Managing Director FRC/2020/003/00000021997

Osho Olaniyi Thomas, FCA, MBA

FRC/2014/ICAN/000006471

Chief Finance Officer

19th day of April, 2022

JULI PLC

STATEMENT OF COMPREHENSIVE INCOME FIRST QUARTER 31ST MARCH, 2022

3 Months Ended	3 Months Ended
2022	2021
NOTE	₦	₦
Turnover	61,575,440.55	101,599,079.21
Cost of Sales	39,243,147.56	72,635,179.29
Gross Profit	22,332,292.99	28,963,899.92
ADMIN. EXPENSES
Adverts & Public Relations	245,294.63	-
Laboratory Expenses	178,000.00	-
Bank Service Charges	237,090.95	375,069.49
Cleaning Expense	54,810.00	85,800.00
Telephone Expense	173,700.00	177,000.00
Computer and Internet Expenses	334,350.00	195,200.00
License, Registration, Subscription	527,713.63	716,688.87
Vehicle Exp.Fuel & Lubricants	761,870.00	641,600.00
Vehicle Exp. Repairs & Maintenance	325,300.00	319,900.00
Generator Expenses: Fuel & Lubricants	3,731,670.00	3,116,770.00
Generator Exp· Repairs & Maintenance	407,500.00	329,380.00
Printing, Postage & Stationery	170,190.00	227,480.00
Professional Fees: Audit & Others	560,000.00	200,000.00
Rent & Rates	500,000.00	500,000.00
General Repairs and Maintenance	643,850.00	523,280.00
Staff: Salaries & Wages	6,304,221.72	10,531,655.20
Staff Welfare	448,625.00	-
Staff Medical Expenses	153,500.00	85,640.00
Security Expenses	571,000.00	481,000.00
Directors CCE	33,420.00	153,740.00
Sundry Expenses	32,685.00	439,710.00
Local Transport	397,595.00	-
Travelling Expenses	-	41,500.00
Utilities: PHCN Bill	785,130.00	662,760.00
Utilities: LAWMA Bill	120,000.00	120,000.00
Water Bill	6,000.00	-
Uniforms & Garments	52,500.00	-
Training and Development	-	-
Newspapers and periodicals	12,050.00	5,400.00
Transportation Expenses	215,000.00	150,400.00
Factory Overheads	2,641,548.00	2,789,587.00
Office expense	116,560.00	35,630.00
Entertainment	133,080.00	132,620.00
Depreciation	2,892,999.99	3,861,098.50
Loan Repayment	1,934,888.87	2,479,200.69
VAT/LIRS/FIRS/FRC/NSE - FINES/PR	-	118,607.00
Midas Investment	-	250,000.00
TOTAL	25,702,142.79	29,746,716.75
Profit/(Loss)	(3,369,849.80)	(782,816.83)

JULI PLC

BOARD OF DIRECTORS AND THEIR SHAREHOLDING SHAREHOLDERS

Prince Julius Adelusi-Adeluyi, OFR, mni Sir Remi Omotosho

Mrs. Juli Omoshalewa Adelusi-Adeluyi Mrs Abiola Macaulay-Rep.Access Bank Mr. Olanrewaju Ajayi-Rep.Wema Bank Mr. Sylvanus Eneche

Mrs. Lohdir Asabe Atu-Rep. Tim-Tali Invt. Ltd. Mrs Olufunke Ogunranti

Shareholders Information a. Holders of more than 5% of Issued Share Capital

NO. OF SHARES DIRECT 57,227,746 1,000,000 -

INDIRECT

17,044,254 -6,490,000 3.25

60,000,000 30

- 0

7,500,000 3.75

The following Shareholders held more than 5% of the issued share capital of the company as at 31st MARCH, 2022

Shareholder Wema Bank Plc

Prince Julius Adelusi-Adeluyi, OFR, mni Midas Investment & Property Limited

Holders b. Shareholding Analysis

Number ofShares

% HOLDING

37.14

0.5

-

% of IssuedShare Capital

60,000,000 30.00

57,227,746 28.63

17,044,254 8.53

134,272,000 67.16

% of
Holders
1.00
1,001	-	5,000
5,001	-	10,000
10,001	-	50,000
50,001	-	100,000
100,001	-	500,000
500,001	-	1,000,000
1,000,001	-	5,000,000
5,000,001	-	200,000,000

No. of Holders

% of HoldeUrsnits Held

%

1000	45.25	1,161,572	0.55
37.7	3,742,264	1.87
5.89	2,267,720	1.14
8.01	9,483,722	4.74
1.69	5,978,415	2.99
0.98	10,484,866	5.25
0.28	10,940,685	5.47
0.09	12,796,930	6.40
0.11	143,111,724	71.57
100	199,967,898	99.98

5 4,568

2067

1722

269

366

77

45

13

4

JULI PLC

SECURITY TRADING POLICY

In compliance with Rule 17.15 Disclosure of Dealings in issuers' Shares, Rulebook of the Exchange 2015 (Issuers Rule) Juli Plc maintains a Security Trading Policy which guides Directors, Audit Committee members, employees and all individuals categorized as insiders as to their dealing in the Company's Shares. The Policy undergoes periodic reviews by the Board and is updated accordingly.

The Company has made specific inquiries of all its directors and other insiders and is not aware of any default by any insider during the period.