TOTAL NIGERIA PLC STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 March 2014 March March 2014 2013 N'000 N'000 60,595,084 (53,490,606)
61,049,034 (53,327,783)
Gross profit Other operating income Interest income Distribution costs Administrative expenses
7,104,478 83,672 126,920 (1,087,571) (3,932,184)
7,721,251 109,059 35,456 (1,260,730) (4,167,198)
Operating profit Other gains and losses Finance costs
2,295,315 (108,731) (477,110)
2,437,839 10,165 (596,596)
Profit before tax
1,709,474
1,851,408
Revenue Cost of sales
(639,526)
Tax Profit for the period
1,069,948
Other Comprehensive income
-
Total Comrehensive income
1,069,948
(705,583) 1,145,825 1,145,825
Earnings per share 3.15
Basic
4
3.37
TOTAL NIGERIA PLC STATEMENT OF FINANCIAL POSITION AT 31 March 2014 March 2014 N'000
December 2013 N'000
Non-current assets Intangible assets Property, plant and equipment Prepayments - Non- current Portion
154,631 20,157,083 1,902,497
138,486 20,852,161 2,289,809
Total non-current assets
22,214,211
23,280,456
Current assets Inventories Trade and other receivables Prepayments - Current Portion Cash and bank balances
22,424,836 33,472,071 1,246,116 5,583,762
14,640,893 31,118,583 919,012 9,444,643
Total current assets
62,726,785
56,123,131
Total assets
84,940,995
79,403,587
Current liabilities Trade and other payables Current tax liabilities Borrowings
50,989,240 3,558,430 12,987,049
43,536,179 3,015,922 16,607,659
Total current liabilities
67,534,719
Non-current liabilities Deferred tax liabilities
3,095,543
Total non-current liabities
63,159,760
3,003,042
3,095,543
3,003,042
Total liabilities
70,630,262
66,162,802
Equity Share capital Retained earnings Total Equity
169,761 14,140,972 14,310,733
169,761 13,071,024 13,240,785
84,940,995 (0.48)
79,403,587 1
Total equity and liabilities
The Unaudited financial statements were approved by the Board of Directors of the Company on 30th April 2014. They were signed on its behalf by:
W. Konde - ED (Finance and Development) FRC/2013/IODN/0000002084
A. Vovk - Managing Director FRC/2013/IODN/0000005534
5
TOTAL NIGERIA PLC CASHFLOW STATEMENT FOR THE PERIOD ENDED 31 March 2014 March 2014 N'000
December 2013 N'000
60,576,372 (60,431,894)
234,723,934 (218,222,883)
Cash Flow from operating activities Cash received from customers Cash paid to suppliers and employees Cash (used)/ generated from operations
144,478
16,501,051
Net value added taxes paid Income taxes paid
(290,678) (4,515)
(720,858) (2,121,486)
net cash (used)/ provided by operating activities
(150,715)
13,658,707
Purchase of Property, Plant and Equipment Purchase of intangible assets Interest receivable and similar income (Increase) / Decrease in non-current prepayments Proceeds from sale of Property, Plant and Equipment
(25,554) 126,920 387,312 23,682
(4,620,511) (3,189) 1,232,748 (840,503) 123,364
Net cash used in investing activities
512,360
(4,108,091)
Interest paid and similar charges Repayments of obligations under finance lease Dividends paid
(477,110)
(1,981,385) (318,603) (3,395,219)
Net cash (used in)/from financing activities
(477,110)
(5,695,207)
(115,465)
3,855,409
Cash Flow from investing activities
Cash Flow from financing activities
Net increase/(decrease) in cash and cash equivalents
(7,163,016)
Cash and cash equivalents at beginning of year
(124,807)
Effect of foreign exchange rate changes
(7,403,288)
Cash and cash equivalents as at 31 March 2014
7
(11,212,230)
193,805 (7,163,016)