Vono Products PLC 1Q 2014 results

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Vono Products PLC 1Q 2014 results

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Vono Products PLC 1Q 2014 results

  1. 1. VONO PRODUCTS PLC UNAUDITED FINANCIAL REPORT STATEMENT OF FINANCIAL POSITION AS AT  31ST DECEMBER, 2013 Note 2013 =N='000 2012 =N='000 NON ‐ CURRENT ASSETS Property, plant and equipment Intangible assets 1            1,511,822                    2,338            1,514,160 1562179 1,483    1,563,662 CURRENT ASSETS Inventories Trade and other receivables Prepayments Cash and short term deposits 2 3a 3b                226,084                    6,444                  13,914                    8,542        251,717          53,173            4,762 25,996                254,984        335,648            1,769,143    1,899,311                281,826                518,135            1,756,354           (1,729,545)                826,769 281,826 518,135 1,756,354   (1,719,872)        836,443                322,015                  23,323        296,575          22,364                345,338        318,939                172,690                398,010                  16,507                    6,232                    3,597                597,035        173,390        541,645          19,065            6,232            3,597        743,929            1,769,143    1,899,311 Total assets EQUITY Issued share capital Share premium  Revaluation reserves Accumulated loss Total equity Non current liabilities: Interest bearing loans and borrowings Government grants Current liabilities Interest bearing loans and borrowings Trade and other receivables Income Tax Payable Uncliamed dividend Government grants Total equity and liabilities 4b 5 6 7 7b 8 9 10
  2. 2. VONO PRODUCTS PLC UNAUDITED FINANCIAL REPORT STATEMENT OF COMPREHENSIVE INCOME FIRST QUARTER ENDING 31ST DECEMBER, 2013 Note 2013 =N='000 2012 =N='000 11 12                193,161              (137,999)        253,917      (184,037)                  55,163          69,881                    4,014                 (56,317)                   (1,930)                528        (54,562)           (1,537)                        929          14,310                   (5,452)           (2,127) Profit/(Loss) before taxation                    (4,523)          12,183 Taxation (provision)                   (1,102)              (975) Profit/(Loss) after taxation                    (5,624)          11,208 Basic earning per share (kobo)                     (4.08)                1.99 Revenue Cost of sales Gross profit Other Income Administrative expenses Selling and distribution cost 13 14 15 Operating Profit/(loss) Other Income Interest & Similar charges 16
  3. 3. VONO PRODUCTS PLC STATEMENT OF CHANGES IN EQUITY FOR THE THREE MONTHS ENDED 31 DECEMBER 2013 Issued share  capital =N=000                281,826 Share  premium =N=000        518,135                281,826        518,135 Issued share  capital Share  premium Balance at 1 October, 2012 Loss for the period Share Issued Share issue expenses Other comprehesive income                281,826        518,135 Balance at 30 September, 2013                281,826        518,135 Balance at 1 October , 2013 Profit for the period Share Issued Share issue expenses Other comprehesive income Balance at 31 December 2013 For the period ended 30 September, 2013 Capital  Accumulated  reserves loss Total equity =N=000 =N=000 =N=000    1,756,354      (1,723,921)      832,394              (5,624)         (5,624)               ‐               ‐               ‐               ‐    1,756,354      (1,729,545)      826,770 Capital  reserves Accumulated  loss Total equity    1,756,354      (1,717,664)      838,651              (6,257)         (6,257)               ‐               ‐               ‐               ‐    1,756,354      (1,723,921)      832,394
  4. 4. VONO PRODUCTS PLC UNAUDITED FINANCIAL REPORT STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31ST DECEMBER, 2013 2013 =N='000 2012 =N='000               244,044              (151,789)                    3,392                (10,538)                        ‐                 85,109        299,012      (257,210)            2,659        (12,983)           (2,748)           (1,460)          27,270 CASH FLOW FROM INVESTING ACTIVITIES Purchase of fixed Assets Proceeds on sales of fixed assets Interest received NET CASH OUTFLOW FROM INVESTING  ACTIVITIES                      (389)                         35                        ‐                      (354)           (1,679)                  40                 ‐           (1,639) CASH FLOW FROM FINANCING  ACTIVITIES Loan Repayment Interest paid NET CASH PROVIDED BY FINANCING  ACTIVITIES                  (5,061)                  (5,452)                (10,512)           (4,187)           (1,453)           (5,640) CASH FLOW FROM OPERATING ACTIVITIES Cash reciept from customers Payments to suppliers and employees VAT input VAT output Gratuity paid Tax paid NET CASH(OUTFLOW)INFLOW FROM OPERATING ACTIVITIES NET INCREASE(DECREASE) IN CASH AND CASH EQUIVALENT  CASH AND CASH EQUIVALENT AT THE BEGINNING  OF THE PERIOD                 74,242          19,991                    3,204            6,004 CASH AND CASH EQUIVALENT  AT THE END OF THE PERIOD                    8,542          25,995                    8,542                    8,542          25,996          25,996 CASH AND CASH EQUIVALENT COMPRISES Cash and Bank balances

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