Cadbury Nigeria Plc Annual Report 2023: Financial Statements & Highlights

Cadbury Nigeria Plc
Annual report and financial statements
For the year ended 31 December 2023

Cadbury Nigeria Plc
Annual report and financial statements
For the year ended 31 December 2023
Content
Page
Financial highlights 2
Mission statement 3
Corporate information 4
Board of Directors and Company Secretary's profile 5
Directors' report 8
Statement of Directors' responsibilities 23
Certification of the audited financial statements 24
Report of the audit committee 25
26
Certification of management's assessment on internal control over financial reporting 27
Independent practitioner's report 29
Independent auditor's report 31
Statement of financial position 34
Statement of profit or loss and other comprehensive income 35
Statement of changes in equity 36
Statement of cash flows 37
Notes to the financial statements 38
Other national disclosures:
Securities trading policy 78
Value added statement 79
Five -Year financial summary 80
Cadbury's distributors 81
Management annual assessment of, and report on Cadbury Nigeria PLC internal control over financial
reporting
1

Cadbury Nigeria Plc
Annual report and financial statements
For the year ended 31 December 2023
Financial highlights
In thousands of naira 2023 2022
Change %
Revenue
80,378,955
55,212,617
46
Gross profit
17,337,427
7,722,811
124
Result from operating activities
7,872,189
194,063
3,957
(Loss)/Profit before tax
(28,157,034)
1,298,410
(2,269)
(Loss)/Profit for the year
(19,089,704)
583,111
(3,374)
Share capital
939,101
939,101
-
Total equity
(6,513,678)
13,302,629
(149)
Data per 50k share
Basic (loss)/earnings per share (Kobo)
(1,016)
31
(3,374)
Net (liabilities)/assets per share (Kobo) (347)
708
(149)
Stock exchange quotation 31 December (Naira per share)
19.00
11.90
60
Market capitalization at 31 December
35,685,837
22,350,603
60
2

Cadbury Nigeria Plc
Annual report and financial statements
For the year ended 31 December 2023
MISSION STATEMENT
Cadbury Nigeria Plc is focused on nourishing and delighting our consumers with the right snacks. As a team, we are
committed to our stakeholders and will do what is right for our environment.
3

Cadbury Nigeria Plc
Annual report and financial statements
For the year ended 31 December 2023
Corporate information
Board of Directors
Mr. Adedotun Sulaiman, MFR
-
Chairman
Mrs. Oyeyimika Adeboye
-
Managing Director
Mr. Ogaga Ologe
-
Finance Director
Mr. Sunil Parthasarathy (Indian)
-
Non-Executive Director
Mrs. Ibukun Awosika
-
Non-Executive Director
Mrs. Kofo Akinkugbe
-
Non-Executive Director
Company Secretary/Chief Counsel
Registrar & Transfer Office
First Registrars and Investor Services Limited
2, Abebe Village
Iganmu, Lagos
Tel: [phone]
E-mail: [email protected]
www.firstregistrarsnigeria.com
Registered Office
Independent Auditor
PricewaterhouseCoopers
RC4151
Chartered Accountants
Landmark Towers,
Plot 5B, Water Corporation Road,
Victoria Island,
Lagos.
Tel: [phone]
E-mail: [email protected]
Website: www.pwc.com/ng
Bankers
Citibank Nigeria Limited
Citibank London
Fidelity Bank Plc
Sterlng Bank Plc
First Bank of Nigeria Limited
First City Monument Bank Limited
Globus Bank Ltd
Stanbic IBTC Bank Plc
Standard Chartered Bank Plc
Zenith Bank Plc
E-mail: [e-mail]
Mrs. Fola Akande
Cadbury Nigeria Plc
Lateef Jakande Road
Agidingbi, Ikeja
Lagos
Tel: [phone]
Cadbury Nigeria Plc
Lateef Jakande Road
Agidingbi, Ikeja
Lagos
Tel: [phone]
Union Bank Of Nigeria Plc
Website: www.cadburynigeria.com
Access Bank Plc
4