| SCOA
NIGERIA PLC |
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| CONSOLIDATED STATEMENTS OF FINANCIAL POSITION |
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| AS AT 31 DECEMBER, 2013 |
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Group |
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31-Dec |
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31-Dec |
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% Change |
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2013 |
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2012 |
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N'000 |
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N'000 |
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| Assets |
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| Non- Current assets |
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| Property,plant and equipment |
1,414,448 |
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1,244,610 |
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13.65% |
| Investment In subsidiaries &
association |
0 |
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0 |
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| Investment In subsidiaries &
association |
76,188 |
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0 |
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| Available for sale financial assets |
0 |
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950 |
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-100.00% |
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| Total Non-current assets |
1,490,636 |
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1,245,560 |
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19.68% |
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| Current assets |
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| Inventories |
3,561,136 |
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2,583,689 |
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37.83% |
| Trade and Other Receivables |
1,886,740 |
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1,467,497 |
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28.57% |
| Due from related companies |
410,225 |
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1,008,719 |
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-59.33% |
| Prepayments and other assets |
488,765 |
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489,115 |
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-0.07% |
| Cash and case equivalent |
222,476 |
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280,55 |
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| Total current assets |
6,569,372 |
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5,829,075 |
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12.70% |
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| Total assets |
8,060,008 |
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7,074,635 |
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13.93% |
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| Equity and Liabilities |
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| Equity |
324,737 |
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324,737 |
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0.00% |
| Share capital |
194,418 |
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434,418 |
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-55.25% |
| Share Premium |
2,177,273 |
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2,253,120 |
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-3.37% |
| Retained Earnings |
248,428 |
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248,821 |
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-0.16% |
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| Total equity |
2,944,856 |
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3,261,105 |
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-9.70% |
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| Liabilities |
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| Non Current Liabilities |
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| Employee benefit liabilities |
47,093 |
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81,459 |
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-42.19% |
| Deferred tae liabilities |
133,439 |
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130,190 |
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2.50% |
| Other liabilities |
2,462 |
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5,826 |
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-57.74% |
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| Total non-current liabilities |
182,994 |
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217,475 |
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-15.86% |
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| Current liabilities |
2,399,116 |
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1,702,643 |
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40.91% |
| Trade and other payables |
1,091,767 |
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1,223,163 |
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-10.74% |
| Interest bearing loans & borrowings |
108,938 |
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107,359 |
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1.47% |
| Income tax payable |
50,658 |
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42,620 |
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18.86% |
| Provisions |
1,266,725 |
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520,270 |
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143.47% |
| Bank overdraft |
14,954 |
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14,954 |
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0.00% |
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| Total current liabilities |
4,932,159 |
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3,596,055 |
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37.15% |
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| Total liabilities |
5,115,153 |
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3,813,530 |
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34.13% |
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| Total Equity and liabilities |
8,060,009 |
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7,074,635 |
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13.93% |
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| Revenue |
6,328,047 |
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6,189,891 |
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2.23% |
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| Sales |
6,226,919 |
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6,018,968 |
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3.45% |
| Cost of sales |
-4,576,626 |
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-4,551,513 |
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0.55% |
| Gross profit |
1,650,293 |
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1,467,455 |
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12.46% |
| Distribution expenses |
-55,331 |
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-59,856 |
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-7.56% |
| Administration expenses |
-1,017,509 |
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-1,076,028 |
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-5.44% |
| Other operating income |
101,128 |
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170,733 |
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-40.77% |
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| Result from operating activities |
678,581 |
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502,304 |
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35.09% |
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| Finance income |
0 |
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190 |
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-100.00% |
| Finance cost |
-523,088 |
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326,987 |
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-259.97% |
| Share of profit/(loss) of associate |
-9,822 |
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11,201 |
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-187.69% |
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| Profit before tax |
145,671 |
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164,306 |
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-11.34% |
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| Income tax expense |
-34,933 |
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-90,900 |
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-61.57% |
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| Profit for the year |
110,738 |
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73,406 |
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50.86% |
| Other comprehensive income |
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| Actuarial gains /(loss) |
49,724 |
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-18,276 |
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-372.07% |
| Tax effect |
-15,912 |
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-5,483 |
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190.21% |
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| Total other comprehensive
income net of tax |
33,812 |
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-12,793 |
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-364.30% |
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| Total comprehensive income |
144,550 |
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60,613 |
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138.48% |
| Profit attributable to: |
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| Owner of the company |
144,943 |
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61,241 |
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136.68% |
| Non-controlling interests |
-393 |
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-628 |
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-37.42% |
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| Profit for the year |
144,550 |
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60,613 |
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138.48% |
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| Earnings per share: |
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| Basic and diluted |
0.22 |
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0.11 |
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100.00% |
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| Source - Scoa Nigeria Plc / NSE Website |
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