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SCOA Nigeria Plc 3Q 2013 results

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SCOA Nigeria Plc 3Q 2013 results

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SCOA Nigeria Plc 3Q 2013 results

  1. 1. SCOA NIGERIA PLC Un-Audited Statement of Comprehensive Income for 3rd Quarter ENDED ON 30th Sept 2013 Current Year Jan-Sept '13 =N=000 =N=000 4,209,107 (3,288,876) (591,077) 43,353 4,227 (315,690) 61,044 (18,313) 42,731 42,731 Revenue Cost of Sales Distribution/Admin and Other Expenses Other Income Financial Income Financial Charges Profit/Loss Before Tax Taxation Profit/Loss After Tax Other Comprehensive Income/ (Loss) Total Comprehensive Income Profit/Loss After Tax Attr. To Noncontrolling Int Profit/Loss After Tax Owners of the Company Total Comp. Inc.Attr. to Non-Controlling Interest Attributable to Owners of the Company BasiC Earnings per Share Fully Diluted Earnings per Share Previous Year Jan-Sept '12 42,731 ( Naira) ( Naira) 42,731 0.07 0.07 4,275,717 (3,193,801) (754,713) 21,959 (208,343) 140,819 (42,246) 98,573 98,573 98,573 98,573 0.15 0.15 % Change Audited Year 2012 =N=000 -1.56% 2.98% -21.68% 97.43% 51.52% -56.65% -56.65% -56.65% -56.65% -56.65% -56.65% -56.65% -56.65% 6,018,968 (4,551,513) (1,134,629) 170,733 190 (326,987) 176,762 (90,900) 85,862 (12,793) 73,069 73,069 73,069 0.11 0.11
  2. 2. SCOA NIGERIA PLC Un-Audited Statement of Comprehensive Income - 3rd Quarter 2013 FOR THE Period ENDED 30th Sept '2013 Current Year Jul-Sep '13 =N=000 =N=000 1,002,307 (739,470) (165,000) Revenue Cost of Sales Distribution/Admin and Other Expenses Other Income Financial Income Financial Charges Profit/Loss Before Tax Taxation Profit/Loss After Tax Other Comprehensive Income/ (Loss) Total Comprehensive Income Profit/Loss After Tax Attr. To Noncontrolling Int Profit/Loss After Tax Owners of the Company Total Comp. Inc.Attr. to Non-Controlling Interest Attributable to Owners of the Company Basic Earnings per Share Fully Diluted Earnings per Share Previous Year Jul-Sep '12 (96,240) 1,597 (411) 1,186 1,186 1,104,117 (705,988) (320,269) 18,181 (82,939) 13,102 (3,931) 9,171 9,171 % Change Year 2012 =N=000 -9.22% 4.74% -48.48% 16.04% -87.81% -89.54% -87.07% -87.07% 1,186 ( Naira) ( Naira) Audited 9,171 -87.07% 1,186 0.00 0.00 9,171 0.01 0.01 -87.07% -87.07% -87.07% 6,018,968 (4,551,513) (1,134,629) 170,733 190 (326,987) 176,762 (90,900) 85,862 (12,793) 73,069 73,069 73,069 0.11 0.11
  3. 3. SCOA NIGERIA PLC UN-AUDITED STATEMENT OF FINANCIAL POSITION AS AT 30th Sept 2013 Audited Current Period Ended 30th Sept '13 Property, plant and equipment Deferred Tax Assets Investment property Investment in subsidiary / associates Cos. Available for Sale- Financial assets- Invesment Total Non Current Assets Inventories Trade Debts and Other Receivables Loan to Related Companies Prepayment & other Assets- Accrued Income Taxation - WHT Receipt Cash and cash equivalents Total Current Assets Trade and Other Payables Dividend Payable Current Tax Liabilities Interest Bearing Loan- Banks & Related Cos Overdraft Current Provisions Total Current Liabilities Year Ended 31st Dec '12 =N=000 Audited =N=000 Beginning of % Change Current Year 1st Jan '13 =N=000 723,935 493,000 950 745,160 5,000 950 98.99% 0.00% 745,160 5,000 950 1,217,885 751,110 38.33% 751,110 3,534,539 1,136,100 562,132 104,773 366,203 206,227 2,583,689 1,467,496 1,008,719 115,248 373,867 279,183 26.90% -29.17% -79.45% -10.00% -2.09% -35.38% 2,583,689 1,467,496 1,008,719 115,248 373,867 279,183 5,909,974 5,828,202 1.38% 5,828,202 1,812,381 7,883 111,843 1,241,153 878,538 49,132 4,100,930 1,628,793 71,996 107,359 1,223,163 520,270 42,620 3,594,201 10.13% -813.31% 4.01% 1.45% 40.78% 13.25% 12.36% 1,628,793 71,996 107,359 1,223,163 520,270 42,620 3,594,201 80,546 130,190 210,736 81,459 130,190 211,649 -1.13% 0.00% -0.43% 81,459 130,190 211,649 1,809,044 2,816,193 2,234,001 2,773,462 -23.49% 1.52% 2,234,001 2,773,462 2,816,193 2,773,462 1.52% 2,773,462 -2.93% - Non-Current Financial liabilities Staff Retirement Benefits Deferred Tax Liabilities Total Non-Current Liabilities Working Capital Net Assets Non Controlling Interest Attributable to Owners of the Company -
  4. 4. NOTES TO THE Un-Audited STATEMENT of FINANCIAL POSITION AS AT 3RD QTR ENDED SEPT 2013 Audited 1 ) REVENUE : Analysis By class of Business: Autos Equipment Trading 31st Dec '12 1st Jan '13 =N='000 30th Sept '13 Audited =N='000 2,856,312 2,815,164 347,492 6,018,968 -31% -57% -49% -43% 2,856,312 2,815,164 347,492 6,018,968 21,476 3,513,063 16,604 2,567,085 23% 27% 3,534,539 2,583,689 27% 16,604 2,567,085 2,583,689 1,088,454 104,773 47,646 1,421,348 115,248 46,149 562,132 1,008,719 366,203 206,227 373,867 279,183 -31% -10% 3% -79% -2% -35% 1,421,348 115,248 46,149 1,008,719 373,867 279,183 2,375,435 5,909,974 3,244,514 -37% 3,244,514 1,585,889 20,604 7,883 114,936 81,571 111,843 9,381 49,132 878,538 715,143 526,010 1,320,713 -17% 78,717 -282% 71,996 -813% 74,464 35% 85,580 -5% 107,359 4% 69,319 -639% 42,620 13% 520,270 41% 738,584 -3% 484,579 8% 1,320,713 78,717 71,996 74,464 85,580 107,359 69,319 42,620 520,270 738,584 484,579 4,100,930 2. Current Asset : Inventories /Stock: Raw Material and Consumables Finished Goods Goods in Transit Work in Progress 2,183,701 1,791,875 233,531 4,209,107 3,594,201 12% 3,594,201 3) Current Assets: Trade & Other Receivables Trade Debtors Prepayment & Accrued Income Other Debtors Loan to Related Companies Tax Recoverable Cash & Bank Balance 4) Current Liabilities : Trade & Other Payables Overseas Creditors Advance to Suppliers Advances from Cutomers Dividend Payable Local Trade Creditors Vat payable Taxation Accruals & S. Creditors+Paye+Sal payable Provisions Bank Overdraft Interset Bearing Loan- Banks Interset Bearing Loan- Related Companies 5) Non Current Liabilities
  5. 5. Employee Benefit Liability - Gratuity Deferred Taxation 6. Call Up Share Capital Authorised: 2 Billion Ordinary Shares of 50k Each Alloted, Called Up and Fully Paid 649.5 million Ordinary Shares of 50k each 80,546 130,190 210,736 81,459 130,190 211,649 -1% 0% 81,459 130,190 211,649 1,000,000 1,000,000 0% 1,000,000 324,737 324,737 0% 324,737
  6. 6. Scoa Nigeria Plc STATEMENT OF CHANGES IN EQUITY AS AT 30TH Sept '13- (UN-AUDITED) Issued & paid up Share Share Premium Retained Earnings Capital ₦000 ₦000 ₦000 Balance as of 1st January 2013 Prior year dividend approved transfer to payables 324,737.0 194,418.0 2,254,309.0 0 Profit for the period / year 42,731 Other comprehensive income/(loss) Balance as of 30 th Sept 2013 Total ₦000 2,773,464 42,731 - 324,737 194,418 2,297,040 2,816,195 324,737.00 194,418.00 2,246,190.00 2,765,345.00 Audited Balance as of 1st January 2012 Prior year dividend approved transfer to payables (64,950.00) Other comprehensive income/(loss) Balance as of 31st December 2012 - 324,737 - 194,418 (64,950.00) 85,862.00 Profit for the year 85,862.00 (12,793.00) (12,793.00) 2,254,309 2,773,464
  7. 7. SCOA NIGERIA PLC CASH FLOW STATEMENT FOR the period ended 30th Sept , 2013 ( Un-audited) Current Period Ended 30 Sept '13 N'000 Cash Flow from Operating Profit-Activities Audited Year Ended 31st Dec '12 N'000 % Change 372,507 503,559 Operating Cash Flow before Changes Working Capital 46,406 (41,784) -190.04% Operating Cash Flow from Changes Working Capital Changes 34,459 305,941 787.84% 453,372 767,716 69.33% (527,010) (504,439) -4.28% (64,331) -9532.70% 198,946 80,237 279,183 -372.69% -71.26% 35.38% Net Cash Generated from Operating Activities Cash Flow from Investing Activities Cash Flow from Financing Activities Net Increase/Decrease Cash and Cash Equivalent Cash and Cash Equivalent Beginning of the Year Cash and Cash Equivalent End of the Year CORPORATE ACTION Proposed Bonus Proposed Dividend Closure Date Date of Payment AGM Date AGM Vanue 682 (72,956) 279,183 206,227 35.18%

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