Jan 29, 2016 - Increase/ (Decrease) in long service award. (111,851). (70,515). Increase/(Decrease) In tax payable. Grou
NORTHERN NIGERIA FLOUR MILLS PLC UNAUDITED NINE MONTHS RESULTS -TO 31ST DEC 2015 STATEMENT OF FINANCIAL POSITION
31/12/2015 N'000
31/03/2015 N'000
Non-current assets Property, plant and equipment Intangible assets Defered tax assets Total non-current assets
657,401 1,289 5,325 664,015
728,107 1,289 5,325 734,721
Current assets Inventories Trade and other receivables Cash and deposits
363,372 61,031 573,757
427,714 2,830,178 942,153
998,160
4,200,045
Total assets
1,662,175
4,934,766
Equity Share capital Share premium account Retained earnings
89,100 89,521 1,319,533
89,100 89,521 1,301,442
Total Equity
1,498,154
1,480,063
Non-current liabilities Deferred tax liabilities Retirement benefit obligation
50,221 118,418
50,270 293,639
Total non-current liabities
168,639
343,909
Current liabilities Trade and Other payables Current tax liabilities Bank Overdraft Accruals and provisions Unclaimed Dividends
(19,489) (2,884) 17,755
3,041,677 21,991 47,126
(4,618)
3,110,794
Total current liabilities Total liabilities Total equity and liabilities
164,021
3,454,703
1,662,175
4,934,766
-
NORTHERN NIGERIA FLOUR MILLS PLC UNAUDITED NINE MONTHS RESULTS -TO 31ST DEC 2015
STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31ST DEC 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
31/12/2015 N'000 749,730 (682,150) 67,580 167,836 (1,095) (190,811) 43,510 28,043 71,553 (16,596) 54,957
31/12/2014 N'000 10,764,922 (10,353,461) 411,461 66,205 (15,436) (238,113) 2,090 226,207 46,295 272,502 (63,205) 209,297
54,957
209,297
54,957
209,297
54,957
209,297
30.84
117.45
Earnings per share - Basic (kobo)
NNFM - KANO STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31ST DECEMBER 2015 31/12/2015 N'000 Cash flows from operating activities Profit/(Loss)for the period Tax Depreciation Net Interest Charged Interrest received/Intercompany subsidy Other gains and losses Amortisation of non - cash items: Accrued Income( Interest income) 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 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
71,554
31/03/2015 N'000 (199,558)
78,189
93,244
(148,803)
(64,436) (469)
940
15,992 (155,227)
64,342 2,716,273
1,157,223 (2,410,340)
(2,734,338)
1,961,225
(17,820)
25,314
6,444 (29,856) (196,212) (49) (111,851)
47,126 8,038 (47,725) 39,980 (70,515)
(303,067)
710,326
(302,127)
555,099
(302,127)
555,099
Investing activities Purchase of fixed assets investments Proceeds from disposal of property plant and equipment Long term loan received Dividend paid Investment income/Intercompany subsidy Net Cash flow from investing activities
(12,809)
(135,472)
(12,809)
(71,280) 64,436 (139,326)
Financing activities Dividend paid Issued Share Capital Capital reserve Cash flow from Financing activities
(53,460)
Cash Flow from operating activities Increase/ (Decrease) in Tax Payable Net Cash Flow from operating activities
2,990
(368,396)
415,773
942,153
526,380
573,757
942,153
Net Cash Flow
Cash and cash equivalents at beginning of Period Cash and cash equivalents at end of the period
NNFM - KANO STATEMENT OF CHANGES IN EQUITY 31ST DEC 2015
COMPANY Share Capital Revaluatio n reserve
N'000 Balance at 1 April 2013 Effect of change in accounting policy: IFRS impact As restated
N'000
89,100 89,100
Share premium
N'000
Equity attributable to equity holders of the Company Capital Non Retained reserve controllin Earnings g interest Total Equity
N'000
N'000
89,521 -
89,521
1,427,095 -
-
Dividends Transfer from total comprehensive income for the period Other comprehensive income for the year Reclassification from retained earnings IFRS balance at 31 March 2014 TB Balance
Transfer from total comprehensive income for the period Dividends IFRS balance at 31 Dec 2015
1,427,095 (71,280) 233,545 5,930
89,100 89,100
-
89,521 89,521
-
-
Dividends Transfer from total comprehensive income for the period Other comprehensive income for the year
IFRS balance at 31 March 2015 TB Balance
N'000
1,595,290 1,325,774 (71,280) (199,558) (23,013)
89,100
-
89,521
-
-
1,301,439
71,554 (53,460) 1,319,533
N'000 1,605,716 1,605,716 (71,280) 233,545 5,930 1,773,911 1,504,395 (71,280) (199,558) (23,013)
1,480,060
71,554 (53,460) 1,319,533
