Page 108 - Learn Africa 2021 Annual Report

Learn Africa Plc
Notes to the Financial Statements (cont’d)
For the year ended 31 March 2021

Segment statement of comprehensive income

Book publishing
2021 2020
₦’000 ₦’000
Revenue (external customer) 2,390,000 2,869,410
Finance income 287 10,595
Cost of publishing recognised as expense (1,250,335) (1,390,422)
Other income 64,171 159,599
Operating expense (911,260) (1,388,323)
Finance cost (10,775) (36,959)
Profit before taxation 282,088 223,900
Taxation (121,006) (143,908)
Profit after taxation 161,082 79,992

Segment statement of financial position

Book publishing
2021 2020
₦’000 ₦’000
Total non-current assets 790,190 1,213,374
Current assets 3,677,034 3,799,867
Total assets 4,467,224 5,013,241

Ordinary share capital 385,725 385,725
Share premium 1,940,214 1,940,214
Other capital reserve 67,703 67,703
Retained earnings 835,132 712,623
Current liabilities 1,238,450 1,906,976
Total equity and liabilities 4,467,224 5,013,241

All revenues are earned locally in Nigeria across different states based on the location of
the customers. All customers have sales below 10% of the total revenue of the Company.
All non-current assets are located in Nigeria.

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