Sep 30, 2015 - Capital Reserve. Proceed from right issue / movt in gen reserve. Proceed from unsecured bond issue / FA r
NORTHERN NIGERIA FLOUR MILLS PLC UNAUDITED SIX MONTHS RESULTS -SEPT 2015 STATEMENT OF FINANCIAL POSITION 30TH SEPT 2015
30/09/2015
31/03/2015
N'000
N'000
Non-current assets Property, plant and equipment Intangible assets Defered tax assets Total non-current assets
676,341 1,289 5,325 682,955
728,107 1,289 5,325 734,721
Current assets Inventories Trade and other receivables Cash and deposits
423,457 2,583,825 539,175
427,714 2,830,178 942,153
Total assets
4,229,412
Equity Share capital Share premium account Retained earnings
89,100 89,521 1,283,028
Total Equity
1,461,649
3,546,457
4,200,045 4,934,766
89,100 89,521 1,301,442 1,480,063
Non-current liabilities Retirement benefit obligation Long service awards Total non-current liabities
114,952 50,221 165,173
293,639 50,270 343,909
Current liabilities Trade and Other payables Current tax liabilities Bank Overdraft Accruals and provisions
2,577,051 17,371 8,168
3,041,677 21,991 47,126
Total current liabilities
2,602,590
3,110,794
Total liabilities
2,767,763
3,454,703
Total equity and liabilities
4,229,412
4,934,766
NORTHERN NIGERIA FLOUR MILLS PLC STATEMENT OF COMPREHENSIVE INCOME UNAUDITED SIX MONTHS RESULTS -SEPT 2015
Revenue Cost of sales Gross profit Other operating income Selling and distribution expenses Administrative expenses Other gains and losses Operating profit Finance cost Interrest income Profit before tax Tax expense
Profit for the period Attributable to: Owners of the Company
Earnings per share - Basic (kobo) N.B. UNAUDITED
30/09/2015 N'000 549,253 (549,876) (623) 117,811 (722) (108,917) 7,549 27,500 35,049 (9,147) 25,902
30/09/2014 N'000 5,751,543 (5,447,959) 303,584 60,112 (12,702) (147,089) 203,905 (1,006) 25,280 228,179 (47,226) 180,953
25,902
180,953
25,902
180,953
25,902
180,953
14.54
101.54
NNFM - KANO STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 30TH SEPT 2015 30/09/2015 N'000 Cash flows from operating activities Profit/(Loss)for the period Tax Depreciation Net Interest Charged Interrest received Intercompany subsidy Amortisation of non - cash items: Accrued Income( Interest income) Accrued Interest Expense( Corporate bond interest) Provision for bad and doubtful balances Profit before changes in working capital Changes in Working Capital (Increase)/ Decrease in Inventory (Increase)/ Decrease in Net Trade Receivables (Increase)/ Decrease in Intercompany Receivables (Increase)/ Decrease in Receivable from Employees (Increase)/ Decrease in Receivable from Interest Receivable (Increase)/ Decrease in Receivable from Other Receivable (Increase)/ Decrease in Receivable from Dividend Receivable (Increase)/ Decrease in Receivable from Related Parties (Increase)/ Decrease in Advance to vendors (Increase)/ Decrease in Prepayments & Other receivables Increase/ (Decrease) in Trade & Other Payable Increase/ (Decrease) in Other Payable Increase/ (Decrease) in Amount due to Group companies Increase/ (Decrease) in Dividend Payable Increase/ (Decrease) in short Gratuity provision Increase/ (Decrease) in long term Gratuity provision Increase/ (Decrease) in Sundry Provisions Increase/(Decrease) in deferred taxation Increase/ (Decrease) in long service award Increase/(Decrease) In tax payable Group Provision Net changes in working capital Cash Flow from operating activities Increase/ (Decrease) in Tax Payable Net Cash Flow from operating activities Investing activities Purchase of fixed assets investments Proceeds from disposal of property plant and equipment Intercompany subsidy Dividend paid Investment income Net Cash flow from investing activities Financing activities Dividend paid Issued Share Capital Share Premium Capital Reserve Proceed from right issue / movt in gen reserve Proceed from unsecured bond issue / FA revaluation Loan Term loans repaid Interest paid Capital reserve Cash flow from Financing activities
Net Cash Flow
31/03/2015 N'000
35,049
(199,558)
52,970 (27,500) (100,250)
93,244 (64,436) (469)
(39,731)
15,992 (155,227)
4,257
1,157,223
246,353
(2,385,026)
(464,626)
1,961,225
5,321 (178,687) (38,958) (49) -
47,126 8,038 (47,725) 39,980 (70,515)
(426,389)
710,326
(466,120) (4,620) (470,740)
555,099
(6,528)
555,099
(135,472) 2,990
100,250 27,500 121,222
(71,280) 64,436 (139,326)
(53,460)
-
-
(53,460)
-
(402,978)
415,773
Cash and cash equivalents at beginning of Period
942,153
526,380
Cash and cash equivalents at end of the period
539,175
942,153
NORTHERN NIGERIA FLOUR MILLS PLC UNAUDITED SIX MONTHS RESULTS -SEPT 2015 STATEMENT OF CHANGES IN EQUITY
Share Capital
N'000 Balance at 1 April 2013
Equity attributable to equity holders of the Company Revaluation Share premium Capital Non reserve reserve controlling interest N'000
N'000
89,100 89,100
N'000
N'000
89,521 -
89,521
-
-
Retained Earnings
Total Equity
N'000
N'000
1,427,095
1,605,716
1,427,095
1,605,716
Transfer from total comprehensive income for the period 239,476 (71,280)
Dividend IFRS balance at 31 March 2014
89,100
-
89,521
-
-
1,595,291
239,476 (71,280) 1,773,912
Transfer from total comprehensive income for the period (222,572) (71,280)
Dividend IFRS balance at 31 March 2015
89,100
-
89,521
-
-
1,301,439
(222,572) (71,280) 1,480,060
Transfer from total comprehensive income for the period 35,049 (53,460)
Dividend IFRS balance at 30 Sept 2015 N.B. UNAUDITED
89,100
-
89,521
-
-
1,283,028
35,049 (53,460) 1,461,649
