Unilever Nigeria : Unaudited Statement of Financial Position and CashFlows December 2022
January 22, 2023
Share
Unilever Nigeria PLC (RC 113)
1 Billings Way, Oregun
P.O. Box 1063, Ikeja Lagos
T: +234 (1) 279 3000 & +234 803 906 6000
www.unilevernigeria.com
UNAUDITED RESULTS FOR TWELVE MONTH ENDED 31 DECEMBER 2022
Statement of Financial Position
Statement of Cash Flows for the Period Ended
As at
31/12/2022
31/12/2021
Changes vs 2021
N 'mill
N 'mill
N 'mill
Non-current assets
21,429
22,380
(951)
Current assets
101,263
85,909
15,355
Current liabilities
(50,570)
(40,218)
(10,352)
Net current Assets
50,694
45,691
5,003
Total assets less current liabilities
72,122
68,071
4,051
Non-current liabilities
(2,932)
(2,309)
(622)
Net assets
69,191
65,762
3,429
Shareholders' funds
69,191
65,762
3,429
31/12/2022
31/12/2021
N 'mill
N 'mill
Net cashflow genarated from operating activities
12,459
20,090
Net cash flows/ (used) in investing activities
735
(928)
Net cash used in financing activities
(714)
(363)
At start of the year
55,698
37,101
Impact of foreign exchange movement on
(202)
cash balance
Inrease in cash and cash equivalents
12,479
18,799
As at end of the year
68,177
55,698
His Majesty N.A Achebe CFR, MNI
Carl Cruz
Folake Ogundipe
Chairman
Managing Director
National Finance Director
FRC/2013/NIM/00000001568
FRC/2022/PRO/DIR/003/023359
FRC/2019/ICAN/00000019604
Dated this 19th January, 2023
Oregun, Lagos
Directors: His Majesty Nnaemeka A. Achebe, CFR, mni, Obi of Onitsha (Chairman), Carl Cruz (Managing Director) -(Filipino), Jaime Aguilera (Spanish), Abiola Alabi (Mrs), Ammuna Lawan Ali OON, Felix Enwemadu, Michael Ikpoki, Chika Nwobi, Folake Ogundipe, Mutiu Sunmonu CON
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Disclaimer
Unilever Nigeria plc published this content on 23 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2023 10:45:07 UTC.
Unilever Nigeria Plc specializes in manufacturing and marketing food and care products. Net sales break down by family of products as follows:
- food products (55.1%): tea (Lipton and Glen brands), broths (Royco), ready meals, seasonings and sauces (Knorr);
- housekeeping and personal care products (44.9%): washing powders (OMO multiactive and Sunlight brands), toothpastes (Close-Up and Pepsodent), body creams, lotions and hair oil (Vaseline and Pears) and soap bars (Lux and LifeBuoy).
At the end of 2020, the group has 2 production sites located in Nigeria.
Nigeria accounts for 98% of net sales.