OMATEK VENTURES: QUARTER 1 – 2022 FINANCIAL STATEMENTS







Omatek Ventures Plc

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE CLOSED PERIOD

MARCH 31, 2022

Contents

Company Information 1

Operational Highlights 2

Consolidated statement of financial position 11

Consolidated statement of profit or loss and other comprehensive income 12

Consolidated statement of changes in equity 13

Consolidated statement of cash flows 15

Notes to the consolidated financial statements 16

Statement of added value 32

Consolidated Financial Summary 33

COMPANY INFORMATION

1

BOARD OF DIRECTORS Dr. Timothy Farinre

  • Chairman of Omatek Ventures Plc., Director OVDL, OCL

    Mr. Yemi Ogundipe, FCA

  • Company MD/CEO Omatek Ventures Plc., Director OVDL, OCL, OESL

    Mr Temidayo SerikiAlh. Dasuki Nakande

  • Director Omatek Ventures Plc., Chairman OVDL

  • Director Omatek Ventures Plc., OCL

    OVDL OESL OCL

    – – –

  • Omatek Ventures Distribution Limited

  • Omatek Engineering Services Limited

  • Omatek Computers Limited

    2

    CORPORATE SECRETARY

    3

    THE HEAD OFFICE

  • – Femi David Ikotun Esq., Ikotun Temowo & Co

    Suite 201, 2nd Floor, Copper House

    Plot 4, Algiers Street, Zone 5 Wuse, AbujaPlot 11, Kudirat Abiola Way, Oregun, Ikeja Lagos, Nigeria.

    4

    PRINCIPAL BANKERS

  • – Standard Chartered Bank Limited First Bank of Nigeria Limited Bank of Industry

1

OMATEK VENTURES PLC

OPERATIONAL HIGHLIGHTS CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED MARCH 31, 2022

GROUP

THE SOCIETY

31-mar-22

31-mar-21

31-mar-22

31-mar-21

N’M

N’M

N’M

N’M

Revenue

Other income

Total comprehensive income

(367)

(295.50)

Total non-current assets

3,959

3,959

1,370.80

1,370.80

Total equity

(11,537)

(11,537)

(7,934.52)

(7,934.52)

Earnings/(loss) per share (NGN)

(0.12)

(0.13)

2

OMATEK VENTURES PLC

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS OF MARCH 31, 2022

GROUP

ASSETS

FACTORY PROPERTY EQUIPMENT

8

1,577

1,577

INVESTMENT PROPERTY

9

2,200

2,200

INVESTMENTS

ten

131

131

DEFERRED TAX ASSETS

11

51

51

TOTAL NON-CURRENT ASSETS

3,959

3,959

INVENTORIES

12

609

609

TRADE AND OTHER RECEIVABLES

13

96

97

CASH AND CASH EQUIVALENTS

15

33

46

TOTAL CURRENT ASSETS

739

752

TOTAL ASSETS

4,698

4,711

EQUITY

SHARE THE CAPITAL

16

1,471

1,471

STOCK PREMIUM

17

4,376

4,376

RETAINED EARNINGS

(14,668)

(14,339)

REVALUATION RESERVE

18

615

615

NON-CONTROLLING INTEREST

(3,332)

(3,293)

EQUITY

(11,537)

(11,170)

LIABILITIES

LONG-TERM LOANS AND BORROWINGS

19

5,251

5,251

DEFERRED TAX LIABILITIES

11

473

473

TOTAL NON-CURRENT LIABILITIES

5,724

5,724

OVERDRAFT

15

370

448

SUPPLIERS AND OTHER SUPPLIERS

20

9,151

8,717

INCREASED TAX

11

216

216

SHORT-TERM LOANS AND BORROWINGS

26

775

775

TOTAL CURRENT LIABILITIES

10,512

10,156

TOTAL RESPONSIBILITIES

16,235

15,881

TOTAL EQUITY & LIABILITIES

4,698

4,711

NOTE 31-Mar-22 2021

31-mar-22

2021

N’M N’M

N’M

N’M

1,577

1,577

2,200

2,200

(2,406)

(2,406)

1,371

1,371

3,493

3,493

3,493

3,493

4,864

4,864

1,471

1,471

4,376

4,376

(14,397)

(14,101)

615

615

(7,935)

(7,639)

5,251

5,251

473

5,251

5,724

7,475

6,707

72

72

The accounts were approved by the Board of Directors on April 27, 2022 and signed in its name by:

…………………………………… Dr. Timothy Farinre

Chairman of the Group FRC/2014/COREN/0000007564

…………………………… .

Mr. Anthony O. Omhenke Chief Financial Officer FRC/2016/ICAN/00000008200

THE NOTES FORM AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

7,547

6,779

12,798

12,503

4,864

4,864

THE SOCIETY

Mr. Yemi Ogundipe, Group Managing Director FCA FRC/2013/ICAN/00000001615

11

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All news about OMATEK VENTURES PLC

Sales

Net revenue

Net debt

P/E ratio
Yield
Capitalization 588M
1.42M
1.42M
EV / Sales -1
EV / Sales 0
# of employees
Floating 99.0%

Chart OMATEK VENTURES PLC


Duration :

Period :




Evolution of the income statement


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