SEVEN UP BOTTLING CO PLC
Statement of Comprehensive Income
FOR THE FIRST QUATER ENDED 30TH JUNE, 2015
AUDITED
NOTE
Revenue
Cost of Sales
Gross Profit
Other Income
APRIL-JUNE
APRIL-JUNE
APRIL-MARCH
2015
2014
2015
=N='000
=N='000
=N='000
23,148,054
21,032,956
82,450,506
(15,395,904)
(13,400,738)
(51,972,978)
7,752,150
7,632,218
30,477,528
13,429
24,610
81,604
Selling & Distribution Expenses
(3,205,005)
(3,099,449)
(12,909,907)
Administration Expenses
(1,352,835)
(1,381,167)
(6,462,392)
3,207,739
3,176,212
11,186,832
Results from operating activities
Finance costs
Profit before Income Tax
Income tax expense
Profit for the period
1
(759,815)
2,447,924
(489,585)
1,958,339
(471,159)
2,705,052
(541,010)
2,164,042
(2,437,731)
8,749,101
(1,623,313)
7,125,788
SEVEN UP BOTTLING CO PLC
STATEMENT OF FINANCIAL POSITION AS AT JUNE, 2015
2015 JUNE
ASSETS
Non-current
At Cost
Less: Accumulated Depreciation
Property, plant and equipment
NOTE
INTANGIBLE ASSET
At cost
Less: Accumulated Depreciation
Intangible asset
Prepayment
Other receivable
Non-current asset
2014 JUNE
AUDITED
2015 MARCH
=N='000
88,165,058
(43,939,946)
44,225,112
=N='000
76,990,340
(36,865,056)
40,125,284
=N='000
86,217,682
(41,777,007)
44,440,675
115,387
(87,431)
27,956
154,784
102,927
107,254
(65,996)
41,257
165,371
131,882
115,129
(87,431)
27,698
58,535
175,663
44,510,779
40,463,795
44,702,571
14,113,936
5,267,930
440,227
3,186,381
10,026,962
2,295,285
370,578
2,296,317
9,568,469
4,421,832
471,195
8,522,772
23,008,475
14,989,142
22,984,268
67,519,254
55,452,937
67,686,839
320,295
299,140
320,295
299,140
320,295
299,140
Retained earnings
25,272,537
18,873,302
23,314,198
Total equity
25,891,972
19,492,737
23,933,633
4,383,469
3,559,173
3,226,788
4,633,484
4,742,522
2,472,898
4,433,469
3,669,295
3,226,789
11,169,430
11,848,903
11,329,553
3,690,637
11,824,279
13,113,544
1,829,390
313,250
8,473,914
13,393,188
1,930,944
4,619,707
11,032,831
15,431,310
1,339,805
Current liabilities
30,457,851
24,111,297
32,423,653
Total Liabilities
41,627,281
35,960,200
43,753,206
Total equity and liabilities
67,519,254
55,452,937
67,686,839
Inventories
Trade and other receivables
Prepayment
Cash and cash equivalent
2
3
4
1
Total Asset
EQUITY
Share Capital
Share Premium
Reserves Dividend/SHARE INCREASE
LIABILITIES
Loans & borrowings
Employee benefits
Deferred Taxation
Non-current liabilities
Banks Overdraft
Loans & borrowings
Trade Creditors and other payables
Taxation
FAYSAL EL-KHALIL
SUNIL SAWHNEY
6
5
SEVEN-UP BOTTLING COMPANY PLC
UNAUDITED STATEMENT OF CASH FLOW
FOR THE QUARTER ENDED JUNE, 2015
AUDITED
Note
2015 JUNE
2014 JUNE
2015 March
N'000
N'000
N'000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit/(Loss)
1,958,339
2,164,042
7,125,788
489,585
541,010
1,623,313
759,815
471,159
1,961,624
2,162,939
2,033,617
8,520,745
0
6,704
28,139
(39,927)
Adjustments for:
Income tax expense
Finance income
Finance cost
(22,151)
Loss on Forex
Depreciation
Amortisation of intangible assets
(Gain)/Loss on disposals of PPE
-
-
Assets written off
-
-
Employee benefit charge
-
-
5,370,679
Change in inventories
Change in trade and other receivables
Change in long term prepayment
(4,545,467)
539,513
(23,513)
4,246
(1,860,029)
Cash generated from operating activities
(1,873,461)
Income tax paid
Employee benefit paid
Net cash flow from operation activities
(566,593)
(815,130)
Change in trade and other payables
VAT paid
5,216,532
(568,116)
-
(4,931)
5,188,768
19,835,583
(372,684)
(27,469)
1,862,037
21,297,467
(110,646)
(1,485,992)
(598,650)
(2,210,619)
-
(2,441,577)
638,052
(209,760)
4,479,471
17,391,096
6,751
4,357
22,151
-
-
CASH FLOWS FROM INVESTING ACTIVITIES
Finance income
Proceeds from sale of PPE
Acquisition of PPE
Acquisition of intangible assets
Net cash used in investing activities
(1,947,377)
-
(4,246,867)
-
(1,940,626)
83,007
(14,461,016)
(7,876)
(4,242,510)
(14,363,734)
(475,516)
(1,786,572)
CASH FLOW FROMS FINANCING ACTIVITIES
Interest expense
Increase in borrowings
Dividend paid
Net cash from(used in) financing activities
Net increase/ (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
(766,566)
741,448
-
(1,359,408)
-
594,334
(1,513,088)
(25,118)
(1,834,924)
(4,407,321)
(1,597,962)
3,903,065
3,581,029
3,581,029
1,983,067
3,903,065
3,186,381
1,821,141
1,820,726
0
475,176
6,702,046
(313,250)
(4,619,707)
(504,256)
(2,705,326)
322,036
CASH AND CASH EQUIVALENTS ARE ANALYSED INTO:
Deposit for imports
Cash at bank & in hand
Deposit for imports
Bank overdrafts
(3,690,637)
(504,256)
1,983,067
3,903,065
SEVEN-UP BOTTLING COMPANY PLC
Notes to the Accounts
NOTES
UNAUDITED
UNAUDITED
AUDITED
2015 JUNE
2014 JUNE
2015 MARCH
N`000
N`000
658,252
108,248
66
(6,751)
759,815
442,955
32,562
0
(4,357)
471,159
1,662,491
299,133
498,258
(22,151)
2,437,731
4,084,058
183,174
578,509
2,115,117
3,066,104
10,026,962
4,361,887
179,240
813,377
2,094,613
2,119,352
9,568,469
604,989
955,925
87,021
350,420
292,703
2,291,058
502,625
3,037,998
503,620
120,262
257,327
4,421,832
440,227
440,227
370,578
370,578
471,195
471,195
3,737,663
277,531
2,791,446
710,363
5,596,541
13,113,544
3,833,667
318,988
3,643,618
526,659
5,070,256
13,393,188
6,032,530
2,340,515
1,053,597
597,196
5,407,472
15,431,310
11,824,279
11,824,279
8,473,914
8,473,914
11,032,831
11,032,831
NET FINANCE COST
INTEREST ON LOANS
INTEREST ON OVERDRAFTS
FOFEX LOSS
FINANCE INCOME
INVENTORIES
Raw Materials, consumables and non-returnable packaging materials3,903,131
Product in process
379,505
Finished Goods
899,833
Spare Parts
2,025,219
Goods in Transit
6,906,249
14,113,936
Trade debtors and other receivables
Trade receivables
Advance payment to suppliers-related parties
Staff loans and advances
Other receivables
Amount Due from Registrar
Prepayment
Current:
Short term portion of prepaid rent
Trade creditors and other payables
Trade payables
Amount payable to related parties
Other Creditors and accrual
Dividend payable
Liability for returnable packaging material
LOANS AND BORROWINGS
Current.
Short Term Loan
413,792
3,969,374
556,186
71,251
257,327
5,267,930
0