Nigerian Aviation Handling Company Plc
Unaudited Financial Position 4th Quarter ended 31st December, 2022
Nigerian Aviation Handling Company PLC Consolidated and Separate Financial Statements -- 31 Dec., 2022
Contents | Page |
Consolidated Statement of Comprehensive Income | 1 |
Consolidated Statement of Financial Position | 2 |
Statement of Changes in Equity | 3-4 |
Nahco Plc free Float Analysis | 5 |
Consolidated Statement of Cashflow | 6 |
Notes to the Consolidated Financial Statements | 7- 39 |
Nigerian Aviation Handling Company PLC Consolidated and Separate Financial Statements -- 31 Dec., 2022
Consolidated and Separate Statement of Comprehensive Income
For the period ended 31st December, 2022.
Group | Group | Company | Company | |||||||||
Jan. - Dec. | Jan. - Dec. | Oct. - Dec. | Oct. - Dec. | Jan. - Dec. | Jan. - Dec. | Oct. - Dec. | Oct. - Dec. | |||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||
Notes | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | ||||
Revenue | 5 | 16,372,132 | 10,232,674 | 5,088,912 | 2,784,586 | 15,736,369 | 9,658,964 | 4,882,799 | 2,632,638 | |||
Operating costs | 9a | (9,321,714) | (6,891,762) | (3,012,286) | (2,271,650) | (9,120,215) | (6,662,473) | (2,939,649) | (2,185,631) | |||
Gross Profit | 7,050,418 | 3,340,912 | 2,076,626 | 512,936 | 6,616,154 | 2,996,491 | 1,943,150 | 447,007 | ||||
Other Income | 6 | 357,707 | 268,082 | 116,408 | -18,996 | 264,906 | 203,812 | 78,179 | -42,919 | |||
Administrative Costs | 9b | (3,540,831) | (2,556,374) | (1,113,163) | (558,874) | (3,234,996) | (2,339,697) | (1,006,751) | (496,162) | |||
Profit from operations | 3,867,294 | 1,052,620 | 1,079,871 | -64,934 | 3,646,064 | 860,606 | 1,014,578 | -92,074 | ||||
Finance Income | 7 | 108,480 | 59,331 | 24,262 | 29,527 | 108,480 | 59,331 | 24,262 | 29,527 | |||
Finance costs | 7 | (188,564) | (187,096) | (46,963) | (46,252) | (177,160) | (177,113) | (44,290) | (44,290) | |||
Expected Credit Reversal/(Losses) | 9c | - | - | - | - | - | - | - | - | |||
Profit/(Loss) before tax | 3,787,210 | 924,855 | 1,057,170 | (81,659) | 3,577,384 | 742,824 | 994,549 | (106,836) | ||||
Income tax expense | 8(a) | (1,052,456) | (153,240) | (429,511) | 128,129 | (995,228) | (163,094) | (414,091) | 89,121 | |||
Profit/(loss) after tax | 2,734,754 | 771,615 | 627,659 | 46,470 | 2,582,156 | 579,730 | 580,459 | (17,715) | ||||
Other comprehensive income | - | - | - | - | - | - | - | - | ||||
Total comprehensive income | 2,734,754 | 771,615 | 627,659 | 46,470 | 2,582,156 | 579,730 | 580,459 | (17,715) | ||||
Attributable to: | ||||||||||||
Profit/ (loss) attributable to owners of the | ||||||||||||
company | 2,721,391 | 743,189 | 624,317 | 35,714 | 2,582,156 | 579,730 | 580,458 | (17,715) | ||||
Non-controlling interest | 9 | 13,363 | 28,426 | - | - | - | - | - | - | |||
2,734,754 | 771,615 | 624,317 | 35,714 | 2,582,156 | 579,730 | 580,458 | (17,715) | |||||
Earnings per share | ||||||||||||
Basic earnings per share ( Kobo) | 10 | 140 | 46 | 11 | 2 | 132 | 36 | 9 | (1) | |||
Diluted earnings per share ( Kobo) | 10 | 140 | 46 | 11 | 2 | 132 | 36 | 9 | (1) | |||
1
Nigerian Aviation Handling Company PLC Consolidated and Separate Financial Statements -- 31 Dec., 2022
Consolidated and Separate Statement of changes in Equity
For the period ended 31 December, 2022
Attributable to equity holders of the Group | ||||||||
Non- | ||||||||
Share | Share | Retained | controlling | |||||
Capital | Premium | Earnings | Total | Interest | Total Equity | |||
N'000 | N'000 | N'000 | N'000 | N'000 | N'000 | |||
As at 1 January 2022 | 812,109 | 1,914,758 | 4,376,542 | 7,103,409 | (84,972) | 7,018,437 | ||
Bonus Issue of 1 for 5 units of Shares | 162,422 | (162,422) | ||||||
Restatement Due to IFRS 9 Adoption | - | - | - | - | ||||
Carrying Balance at 1 Jan 2022 | 974,531 | 1,752,336 | 4,376,542 | 7,103,409 | (84,972) | 7,018,437 | ||
Profit for the year | - | - | 2,721,391 | 2,721,391 | 13,363 | 2,734,754 | ||
Other comprehensive income: | ||||||||
Defined benefit plan actuarial gains (losses) | - | - | - | - | - | - | ||
Prior year deferred tax adjustment | - | - | - | - | - | - | ||
Restated Balance Due to IFRS Adoption in Consolidation | 552 | 552 | 552 | |||||
Restated Balance from Arik Air Impairment Bal | - | - | - | - | - | - | ||
Other comprehensive income | - | - | 552 | 552 | - | 552 | ||
Total comprehensive income for the period | - | - | 2,721,943 | 2,721,943 | 13,363 | 2,735,306 | ||
Transaction with owners recognised directly in equity | ||||||||
Dividend payable to owners | - | - | - | - | - | - | ||
Dividend Paid | - | - | (665,930) | (665,930) | - | (665,930) | ||
Total transactions with owners of the Company | - | - | (665,930) | (665,930) | - | (665,930) | ||
As at 31st Dec. 2022 | 974,531 | 1,752,336 | 6,432,555 | 9,159,422 | (71,609) | 9,087,813 |
3
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Nigerian Aviation Handling Company plc published this content on 30 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2023 19:23:02 UTC.