VITAFOAM NIGERIA PLC
UNAUDITED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL
STATEMENTS
FOR THE 6 MONTHS ENDED MARCH 31, 2022
VITAFOAM NIGERIA PLC QUARTER 2 ENDED 31 MARCH 2022
SECURITIES TRADING POLICY
In compliance with Rule 17.15 Disclosure of Dealings in Issuers' Shares, Rulebook of The Exchange 2015 (Issuers' Rule), Vitafoam Nigeria Plc maintains a Security Trading Policy (Policy) which guides Directors, Audit Committee members, employees and all individuals categorized as insiders in relation to their dealings in the Company's shares. The Policy undergoes periodic review 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 infringement of the Policy during the period.
Vitafoam Nigeria Plc
Unaudited Consolidated and separate interim financial statements for the 6 Months ended March 31, 2022
Content | |
Index | |
Statements of profit or loss and other comprehensive income | 2 |
Statement of Financial Position | 3 |
Consolidated and Separate statement of changes in equity | 4- 5 |
Statement of Cash Flows | 6 |
Significant Accounting Policies | 7 - 18 |
Notes to the Unaudited Consolidated And Separate Interim Financial Statements | 19 - 25 |
Page
1
Vitafoam Nigeria Plc
Unaudited Consolidated And Separate Interim Financial Statements for the 6 Months ended March 31, 2022
Statements of profit or loss and other comprehensive income
Group
Company
6 months to | 6 months to | 3 Months to | 3 Months to | ||||||
31-Mar-22 | 31-Mar-21 | 31-Mar-22 | 31-Mar-21 | ||||||
N'000 | N'000 | N'000 | N'000 | ||||||
Revenue | 3 | 25,336,305 | 18,632,430 | 13,728,040 | 10,686,345 | 23,258,188 | 16,887,570 | 11,726,990 | 9,052,313 |
Cost of Sales | 4 | (16,783,567) | (11,924,088) | (9,193,950) | (6,879,456) | (16,180,012) | (11,406,851) | (7,958,395) | (5,871,697) |
Gross profit | 8,552,738 | 6,708,342 | 4,534,090 | 3,806,889 | 7,078,176 | 5,480,719 | 3,768,595 | 3,180,616 | |
Other gains and losses | 8 | 150,356 | 147,530 | 83,186 | 142,885 | 327,849 | 203,386 | 199,859 | 137,993 |
Administrative expenses | 5 | (2,862,259) | (2,337,910) | (1,483,587) | (1,353,718) | (1,963,620) | (1,735,353) | (1,051,345) | (1,044,241) |
Distribution expenses | 6 | (799,671) | (732,375) | (400,129) | (455,020) | (760,443) | (708,136) | (384,972) | (442,373) |
Operating profit | 5,041,164 | 3,785,587 | 2,733,560 | 2,141,036 | 4,681,962 | 3,240,616 | 2,532,137 | 1,831,995 | |
Finance income | 434,664 | 59,249 | 245,006 | 33,131 | 428,207 | 56,905 | 241,725 | 34,627 | |
Finance cost | 7 | (333,692) | (353,611) | (178,581) | (163,299) | (297,306) | (291,595) | (160,285) | (136,985) |
Profit before taxation | 5,142,136 | 3,491,225 | 2,799,985 | 2,010,868 | 4,812,863 | 3,005,926 | 2,613,577 | 1,729,637 | |
Taxation | (1,528,871) | (1,003,964) | (828,557) | (579,979) | (1,428,497) | (903,419) | (784,704) | (522,298) | |
Profit for the period | 3,613,265 | 2,487,261 | 1,971,428 | 1,430,889 | 3,384,366 | 2,102,507 | 1,828,873 | 1,207,339 | |
Exchange difference on translating foreign operations | 56,032 | 106,062 | (89) | (134) | - | - | - | - | |
Gain on valuation of investment in equity instruments designated as at FVTOCI | 1,610 | - | 1,610 | - | 1,610 | - | 1,610 | - | |
Other comprehensive income | 57,642 | 106,062 | 1,521 | (134) | 1,610 | - | 1,610 | - | |
Total comprehensive income for the period | 3,670,907 | 2,593,323 | 1,972,949 | 1,430,755 | 3,385,976 | 2,102,507 | 1,830,483 | 1,207,339 | |
Profit attributable to : | |||||||||
Equity holders of the parent | 3,338,647 | 2,265,874 | 1,805,439 | 1,317,652 | 3,385,976 | 2,102,507 | 1,828,873 | 1,207,339 | |
Non-controlling interests | 274,618 | 221,387 | 165,989 | 113,237 | - | - | - | - | |
3,613,265 | 2,487,261 | 1,971,428 | 1,430,889 | 3,385,976 | 2,102,507 | 1,828,873 | 1,207,339 | ||
Earnings per share for profit from total operations attributable to equity holders | |||||||||
of parent | |||||||||
Basic and diluted | 320.39 k | 217.44 k | 173.26 k | 126.45 k | 324.93 k | 201.76 | 175.50 k | 115.86 k |
6 Months to 31-Mar-22
Notes
6 Months to 31-Mar-21
N'000
N'000
3 Months to 31-Mar-22
N'000
3 Months to 31-Mar-21
N'000
2
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Vitafoam Nig Ltd. published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 09:21:04 UTC.