The financial statements for the quarter ended June 30, 2012 have been prepared in conformity with the International Financial Reporting Standards (IFRS). The Board is of the opinion that barring any unforseen circumstances, the current trend will be sustained for the rest of the year.
Dated this 17th day of July, 2012BY ORDER OF THE BOARD
CHRISTOPHER EZEAFULUKWE Company Secretary
STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED
CONTINUING OPERATIONS
Revenue 788,752 1,248,861 2,833,333
Cost of Sale - - -
Gross Profit 788,752 1,248,861 2,833,333
Other Gain and (Loss) 3,991
102 -
Administrative Expense (487,866) (438,182) (1,451,646)
- - -Other Expenses - - -
Operating Profit/(Loss) 304,877 810,781 1,381,687
Finance income 967,559
861 17,492
(220,435)
(127,628) (259,754)Net Finance Income/(Costs) 747,124
(126,767) (242,262)
Profit Before Income Tax 1,052,001
684,014 1,139,425Income Tax Expense (112,069)
(136,803) (361,516)Profit for the Period from Contnuing Operations 939,932
547,211 777,909
Discontinued Operations -
- -
Profit for the Period 939,932
547,211 777,909
Other Comprehensive Income (net of Taxes) -
- -
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 939,932 547,211 777,909
Attributable to:
Owners of the Company 939,932
547,211 777,909
Non-controlling interest - - -
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 939,932 547,211 777,909
Other Income
Finance costs
Unaudited Unaudited Audited
YTD Q2 2012 YTD Q2 2011 Full Year 2011
N'000 N'000 N'000
Dated this 17th day of July, 2012BY ORDER OF THE BOARD
CHRISTOPHER EZEAFULUKWE Company Secretary
STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED
CONTINUING OPERATIONS
Revenue 788,752 1,248,861 2,833,333
Cost of Sale - - -
Gross Profit 788,752 1,248,861 2,833,333
Other Gain and (Loss) 3,991
102 -
Administrative Expense (487,866) (438,182) (1,451,646)
- - -Other Expenses - - -
Operating Profit/(Loss) 304,877 810,781 1,381,687
Finance income 967,559
861 17,492
(220,435)
(127,628) (259,754)Net Finance Income/(Costs) 747,124
(126,767) (242,262)
Profit Before Income Tax 1,052,001
684,014 1,139,425Income Tax Expense (112,069)
(136,803) (361,516)Profit for the Period from Contnuing Operations 939,932
547,211 777,909
Discontinued Operations -
- -
Profit for the Period 939,932
547,211 777,909
Other Comprehensive Income (net of Taxes) -
- -
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 939,932 547,211 777,909
Attributable to:
Owners of the Company 939,932
547,211 777,909
Non-controlling interest - - -
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 939,932 547,211 777,909
Other Income
Finance costs
Unaudited Unaudited Audited
YTD Q2 2012 YTD Q2 2011 Full Year 2011
N'000 N'000 N'000
The financial statements for the quarter ended June 30, 2012 have been prepared in conformity with the International Financial Reporting Standards (IFRS). The Board is of the opinion that barring any unforseen circumstances, the current trend will be sustained for the rest of the year.
