Honeywell Flour Mills Plc - The Nigerian Stock Exchange

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Honeywell Flour Mills Plc Unaudited Interim Financial Statements for the 3rd Quarter Ended December 31, 2015 `

Honeywell Flour Mills Plc Unaudited Interim Financial Statements - 3rd quarter ended December 31, 2015.

Contents

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Statement of financial position Income statement Statement of comprehensive income Statement of changes in equity Statement of cash flows Notes to the interim financial statements

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HONEYWELL FLOUR MILLS PLC UNAUDITED INTERIM FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 2015 The Board of Directors of Honeywell Flour Mills Plc hereby presents the following unaudited results for the 3rd Quarter ended December 31, 2015 Unaudited 9 months ended 31-Dec-15 N'm Revenue Profit Before Tax

% Change

39,775

37,636

6%

1,927

1,226

57%

(442)

(257)

72%

1,485

969

53%

Taxation Profit for the Period

9 months ended 31-Dec-14 N'm

The Board is of the opinion that barring any unforeseen circumstances, the company's results in the next period will show improved performance By Order of the Board

Oluwayemisi Busari (Mrs.) Company Secretary

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Honeywell Flour Mills Plc Statement of Financial Position as at December 31, 2015 Unaudited as at Note

Audited as at

31-Dec-15 N'm

31-Mar-15 N'm

Assets Non-current assets Intangible assets Property, plant and equipment

5 6

34 52,307 52,341

37 49,282 49,319

Current assets Inventories Trade and other current receivables Cash and cash equivalents

7 8 9

8,419 1,690 9,608 19,717 72,058

12,547 2,187 3,890 18,624 67,943

Current liabilities Financial liabilities Trade payables and other current liabilities Current tax liabilities

10 11 12

33,469 593 559 34,621

30,915 815 131 31,861

Non-current liabilities Financial liabilities Post-retirement benefits Deferred tax liabilities Accruals and deferred income

10 13 12 15

11,457 1,009 3,532 33 16,031 50,652

11,215 962 3,517 73 15,767 47,628

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3,965 6,462 10,979 21,406 72,058

3,965 6,462 9,889 20,316 67,943

Total assets Liabilities

Total liabilities Equity Shareholders' equity Called up share capital Share premium Retained earnings Total equity Total liabilities and equity

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Honeywell Flour Mills Plc Income Statement for the period ended December 31, 2015 Unaudited 9 Months ended

Unaudited 3 Months ended

31-Dec-15 N'm

31-Dec-14 N'm

31-Dec-15 Nm

31-Dec-14 Nm

39,775 (31,675) 8,100 109 (438) (5,242)

37,636 (30,685) 6,951 345 (903) (4,803)

13,583 (10,560) 3,023 26 (438) (1,653)

10,765 (8,428) 2,337 58 (903) (1,482)

Operating profit

2,529

1,590

958

10

Finance cost Finance income Net finance income/(expense) Profit before taxation Taxation

(939) 337 (602) 1,927 (442)

(1,179) 815 (364) 1,226 (257)

(364) 204 (160) 798 (216)

(209) 56 (153) (143) 17

Profit for the period

1,485

969

582

(126)

Basic Earnings per share (kobo)

18.73

12.22

14.68

(1.59)

Note Revenue Cost of sales Gross profit Other income Currency devaluation loss Selling and administration expenses

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Honeywell Flour Mills Plc S