SFS Real Estate Investment Trust Fund : QUARTER 3 – FINANCIAL STATEMENT FOR 2022
SFS REAL ESTATE INVESTMENT TRUST FUND
STATEMENT TO THE NIGERIAN EXCHANGE GROUP AND THE SHAREHOLDERS
ON THE UNAUDITED IFRS RESULTS FOR THE PERIOD ENDED 30 SEPTEMBER 2022
SFS REAL ESTATE INVESTMENT TRUST FUND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2022
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CONTENT |
PAGE |
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Statement of Comprehensive Income |
3 |
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Statement of financial position |
4 |
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Statement of Changes in Equity |
5 |
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Statement of cash flows |
6 |
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Notes to the Financial Statements |
7 |
SFS REAL ESTATE INVESTMENT TRUST FUND
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30 SEPTEMBER 2022
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Sep-22 |
Sep-21 |
||
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Note |
N’000 |
N’000 |
|
|
total income |
2 |
180,652 |
174,296 |
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Admin and Other Expenses |
3 |
(44,483) |
(50,023) |
|
Net Income |
136,169 |
124.273 |
|
|
Basic earnings per unit |
6.81 |
6.21 |
The notes on page 7 form an integral part of these financial statements.
SFS REAL ESTATE INVESTMENT TRUST FUND STATEMENT OF FINANCIAL POSITION
FOR THE PERIOD ENDED 30 SEPTEMBER 2022
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Assets |
|
|
Investment property |
4 |
|
Trading portfolio assets |
5 |
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Total Non-Current Assets |
|
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Debtors and Other Assets |
6 |
Cash and cash equivalents
Total Current Assets
total assets
liabilities
Payables
Unclaimed dividend
Deferred income
Total Current Liabilities
Net Assets
Represented By:
Unitholders’ Equity
revenue reserve
Unitholders’ Equity
|
Sep-22 |
Dec-21 |
|
N’000 |
N’000 |
|
1,820,390 |
1,820,390 |
|
1,019,971 |
686,255 |
|
2,840,361 |
2,506,645 |
|
1.165 |
2.199 |
|
55,961 |
358,025 |
|
57.126 |
360,224 |
|
2,897,487 |
2,866,870 |
|
(25,562) |
(23,953) |
|
(396,565) |
(348,512) |
|
(80,090) |
(90,304) |
|
(502,218) |
(462,769) |
|
2,395,269 |
2,404,101 |
|
2,000,000 |
2,000,000 |
|
395,269 |
404.101 |
|
2,395,269 |
2,404,101 |
The financial statements has been approved and authorized for issue by the Board of Directors on October 14, 2022 and signed on its behalf by;
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………………………………………….. |
…………………………………….. |
………………………………………….. |
|
PATRICK ILODIANYA |
AKINYEMI GBENRO |
DIMEJI SONOVO |
|
MANAGING DIRECTOR |
DIRECTOR |
EXECUTIVE DIRECTOR |
|
FRC/2013/ICAN/00000002177 |
FRC/2013/CIBN/00000002091 |
FRC/2013/ICAN/00000002089 |
The notes on page 7 form an integral part of these financial statements.
SFS REAL ESTATE INVESTMENT TRUST FUND
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2022
|
share capital |
retained earnings |
total equity |
|
|
Balance as at January 1, 2021 |
2,000,000 |
405,584 |
2,405,584 |
|
Changes in Accounting Policy |
– |
– |
|
|
restored balance |
– |
– |
|
|
Changes in Equity for the Prior Year: |
– |
||
|
dividend |
– |
(162,000) |
(162,000) |
|
Total Comprehensive Income |
– |
160,517 |
160,517 |
|
Write Back of over provision |
– |
||
|
Balance as at December 31, 2021 |
2,000,000 |
404.101 |
2,404,101 |
|
Changes in equity current year: |
– |
||
|
dividend |
– |
(145,000) |
(145,000) |
|
Total Comprehensive Income |
– |
136,169 |
136,169 |
|
Balance as at September 30, 2022 |
2,000,000 |
395,269 |
2,395,269 |
The notes on page 7 form an integral part of these financial statements.
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Disclaimer
Skye Shelter Fund published this content on 18 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2022 15:02:00 UTC.
Public now 2022
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Income statement evolution