SEVEN UP BOTTLING CO PLC
Unaudited Statement of Comprehensive Income
FOR THE HALF YEAR ENDED SEPTEMBER, 2015
NOTE
Revenue
Cost of Sales
Gross Profit
Other Income
APRIL-SEPT
APRIL-SEPT
AUDITED
APRIL-MARCH
2015
2014
2015
=N='000
=N='000
=N='000
39,569,517
38,142,247
82,450,506
(27,641,403)
(24,000,907)
(51,972,978)
11,928,114
14,141,340
30,477,528
35,523
52,456
81,604
Selling & Distribution Expenses
(5,096,608)
(6,804,591)
(12,909,907)
Administration Expenses
(2,838,590)
(3,295,840)
(6,462,392)
4,028,438
4,093,365
11,186,832
Results from operating activities
Finance costs
Profit before Income Tax
Income tax expense
Profit for the period
(1,657,315)
2,371,123
(551,039)
1,820,084
(862,396)
3,230,969
(750,864)
2,480,105
(2,437,731)
8,749,101
(1,623,313)
7,125,788
SEVEN UP BOTTLING CO PLC
STATEMENT OF FINANCIAL POSITION
AS AT SEPTEMBER, 2015
2015 SEPT
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 SEPT
AUDITED
2015 MARCH
=N='000
88,887,756
(45,419,707)
43,468,049
=N='000
80,640,004
(38,783,773)
41,856,232
=N='000
86,217,682
(41,777,007)
44,440,675
115,387
(101,822)
13,564
3,263
102,914
115,129
(73,040)
42,088
165,371
147,911
115,129
(87,431)
27,698
58,535
175,663
43,587,790
42,211,603
44,702,571
15,047,368
5,209,117
649,070
4,196,523
10,154,965
1,993,186
306,898
3,159,286
9,568,469
4,421,832
471,195
8,522,772
25,102,078
15,614,335
22,984,268
68,689,868
57,825,937
67,686,839
320,295
299,140
4,992
320,295
299,140
320,295
299,140
Retained earnings
23,372,659
17,587,889
23,314,198
Total equity
23,992,094
18,207,324
23,933,633
4,893,846
3,453,823
3,226,788
11,574,457
7,916,546
4,711,604
2,472,898
15,101,047
4,433,469
3,669,295
3,226,789
11,329,553
2,704,742
14,022,696
14,505,034
1,890,845
564,607
7,870,880
13,941,280
2,140,797
4,619,707
11,032,831
15,431,310
1,339,805
Current liabilities
33,123,317
24,517,565
32,423,653
Total Liabilities
44,697,775
39,618,613
43,753,206
Total equity and liabilities
68,689,868
57,825,937
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 HALF YEAR ENDED SEPT, 2015
AUDITED
2015 SEPT
N'000
2014 SEPT
N'000
2015 March
N'000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit/(Loss)
Adjustments for:
Income tax expense
Finance income
Finance cost
Loss on Forex
Depreciation
Amortisation of intangible assets
(Gain)/Loss on disposals of PPE
Assets written off
Employee benefit charge
1,820,084
750,864
7,125,788
862,396
1,623,313
(22,151)
1,961,624
4,475,277
14,391
8,518,106
3,952,334
13,748
8,059,447
8,520,745
28,139
(39,927)
638,052
19,835,583
(5,478,899)
(965,160)
128,022
(1,373,519)
828,550
(694,596)
924,847
4,246
514,544
8,808,488
(372,684)
(27,469)
1,862,037
21,297,467
Income tax paid
VAT paid
Employee benefit paid
(942,372)
(215,472)
(110,646)
(987,296)
(48,719)
(1,485,992)
(2,210,619)
(209,760)
Net cash flow from operation activities
(329,294)
Change in inventories
Change in trade and other receivables
Change in long term prepayment
Change in trade and other payables
Cash generated from operating activities
551,039
(16,918)
1,674,233
2,480,105
7,661,826
17,391,096
CASH FLOWS FROM INVESTING ACTIVITIES
Finance income
Proceeds from sale of PPE
Acquisition of PPE
Acquisition of intangible assets
16,918
(3,454,825)
-
9,623
(7,915,061)
(7,876)
22,151
83,007
(14,461,016)
(7,876)
Net cash used in investing activities
(3,437,907)
(7,913,314)
(14,363,734)
CASH FLOW FROMS FINANCING ACTIVITIES
Interest expense
Increase in borrowings
Dividend paid
(1,657,315)
3,450,243
(437,010)
(862,396)
1,320,620
(429,049)
(1,786,572)
594,334
(1,513,088)
Net cash from(used in) financing activities
Net increase/ (decrease) in cash and cash equivalents
1,355,917
(2,411,284)
29,175
(222,313)
(2,705,326)
322,036
Cash and cash equivalents at beginning of year
3,903,065
3,581,029
3,581,029
Cash and cash equivalents at end of year
1,491,781
3,358,716
3,903,065
SEVEN-UP BOTTLING COMPANY PLC
Notes to the Accounts
UNAUDITED
UNAUDITED
AUDITED
2015 SEPT
2014 SEPT
2015 MARCH
N`000
N`000
N`000
1,373,624
300,523
86
(16,918)
1,657,315
814,261
57,759
0
(9,623)
862,396
1,662,491
299,133
498,258
(22,151)
2,437,731
4,298,924
263,074
908,077
2,408,769
7,168,524
6,170,178
189,565
826,803
2,609,599
358,820
4,361,887
179,240
813,377
2,094,613
2,119,352
2
15,047,368
10,154,965
9,568,469
3
319,347
3,977,694
524,636
130,112
257,327
5,209,117
159,722
1,056,435
77,316
407,009
292,703
1,993,186
502,625
3,037,998
503,620
120,262
257,327
4,421,832
4
649,070
649,070
306,898
306,898
471,195
471,195
3,964,334
264,022
3,282,890
1,148,451
3,180,453
244,422
3,388,059
1,055,184
6,032,530
2,340,515
1,053,597
597,196
5
5,845,337
14,505,034
5,073,162
12,941,280
5,407,472
15,431,310
6
14,022,696
14,022,696
7,870,880
7,870,880
11,032,831
11,032,831
NOTES
NET FINANCE COST
INTEREST ON LOANS
INTEREST ON OVERDRAFTS
FOFEX LOSS
FINANCE INCOME
1
INVENTORIES
Raw Materials, consumables and non-returnable packaging materials
Product in process
Finished Goods
Spare Parts
Goods in Transit
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
CURRENT LIABILITIES
Trade payables
Amount payable to related parties
Other Creditors and accrual
Dividend payable
Unclaimed Dividend/Payable by Registrar
Liability for returnable packaging material
LOANS AND BORROWINGS
Current.
Short Term Loan