northern nigeria flour mills plc unaudited results for the period ended ...

Jun 30, 2017 - Non-current liabilities. Retirement benefit obligation. 98,211. 95,228. Long Service Award. 25,860. 23,773. Total non-current liabities. 124,071.
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NORTHERN NIGERIA FLOUR MILLS PLC UNAUDITED RESULTS FOR THE PERIOD ENDED JUNE 30TH 2017

NORTHERN NIGERIA FLOUR MILLS PLC UNAUDITED RESULTS FOR THE PERIOD ENEDED 30th JUNE 2017 STATEMENT OF FINANCIAL POSITION Notes Jun-17 N'000 N'000

Jun-16 N'000

2,149,107 36,716 2,185,823

624,171 42,124 666,295

1,281,032 85,049 416,997 1,783,078

276,455 104,251 749,079 1,129,785

Total assets

3,968,901

1,796,080

Equity Share capital Share premium account Retained earnings Total Equity

89,100 89,521 1,025,015 1,203,636

89,100 89,521 1,068,340 1,246,961

98,211 25,860 124,071

95,228 23,773 119,001

Current liabilities Trade and Other payables 3 Short Term Intercompany Loans & Interest Current tax liabilities Accruals and provisions 4 Total current liabilities

(20,000) 2,194,966 61,952 404,276 2,641,194

388,856 6,410 34,852 430,118

Total liabilities

2,765,265

549,119

Total equity and liabilities

3,968,901

1,796,080

Non-current assets Property, plant and equipment Intangible assets Deferred tax assets Total non-current assets Current assets Inventories Trade and other receivables Cash and deposits

1 2

Non-current liabilities Retirement benefit obligation Long Service Award Total non-current liabities

NORTHERN NIGERIA FLOUR MILLS PLC UNAUDITED THREE MONTHS RESULTS - to 30TH JUNE 2017 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

Volumes (MT) Revenue Cost of sales Gross profit/(Loss) Other operating income Selling and distribution expenses Administrative expenses Other gains and losses Operating profit/(Loss) Finance cost Interest income/(Expenses) Profit/(Loss) before tax Tax Credit Defined benefit obligations Credit Profit/(Loss) for the period Attributable to: Owners of the Company

Earnings per share - Basic (Kobo)

Jun-17 N'000 939 236,530 (228,086) 8,444 59,020 (3,202) (49,697) (5,114) 9,451

Jun-16 N'000 1,740 207,969 (221,796) (13,827) 55,171 (674) (39,757) (6,484) (5,571)

(45,391) (35,940) (35,940) -

1,598 (3,973)

(35,940)

(3,973)

(35,940)

(3,973)

(35,940)

(3,973)

(20)

(2)

(3,973)

Explanatory Notes: The efforts to restore the Company to profitability have started to yield results, although costs of borrowing have remained very high which contributed to the decline in operational profits. However with the new sorghum mill coming on stream the future still looks bright and more promising.

NORTHERN NIGERIA FLOUR MILLS PLC UNAUDITED THREE MONTHS RESULTS - to 30TH JUNE 2017 STATEMENT OF CASH FLOWS

June-17 N'000 Cash flows from operating activities Profit before tax Depreciation Interest Charged Dividend received Profit before changes in working capital

June-16 N'000

(35,941) 19,033 162 (16,746)

(3,973) 15,539 578 12,145

86,386 692 (55,390) 877

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 Other Receivable (Increase)/ Decrease in Prepayments Increase/ (Decrease) in Foreign Accounts Payable Increase/ (Decrease) in Local Accounts Payable Increase/ (Decrease) in Intercompany Payable Increase/ (Decrease) in Advance payments by customers Increase/ (Decrease) in Other Payable Increase/ (Decrease) in Deposit Paid Increase/ (Decrease) in Retirement Benefits Increase/ (Decrease) in Long Service Awards Increase/ (Decrease) in Deferred Taxation Increase/ (Decrease) in Sundry Provisions Net changes in working cap