Page 112 - Learn Africa 2021 Annual Report

Learn Africa Plc
Five-Year Financial Summary
For the year ended 31 March 2021

31 March/31 December
2021 2020 2019 2017 2016
₦ 000 ₦ 000 ₦ 000 ₦ 000 ₦ 000
Statement of financial position
Property, plant and equipment 220,849 276,142 243,265 233,910 274,931
Investment properties 322,667 747,910 528,620 297,200 241,500
Intangible assets 12,189 7,341 5,324 14,198 9,838
Right-of-use assets 14,017 20,884 - - -
Non-current prepayment - - 8,508 26,303 7,507
Net current assets 2,438,584 1,892,891 2,275,144 2,465,678 2,328,549
Deferred taxation 220,468 161,097 81,130 170,997 119,704
Loans and borrowings - - - (36,516) -
Net assets 3,228,774 3,106,265 3,141,991 3,171,770 2,982,029

Shareholder’s funds
Share capital 385,725 385,725 85,725 385,725 385,725
Share premium 1,940,214 1,940,214 1,940,214 1,940,214 1,940,214
Other capital reserve 67,703 67,703 67,703 67,703 67,703
Revenue reserve 835,132 712,623 748,349 778,128 588,387
Shareholder’s fund 3,228,774 3,106,265 3,141,991 3,171,770 2,982,029

Statement of comprehension income

Revenue 2,390,000 2,869,410 3,479,474 2,485,531 2,009,852

Profit before taxation 282,088 223,900 379,929 296,689 134,314
Taxation (121,006) (143,908) (217,969) (29,803) 102,845
Profit after taxation 161,082 79,992 161,960 266,886 237,159

Dividend declared (115,718) (38,573) (115,718) (108,003) (77,145)

Earnings per share

Dividend per share 15 5 15 14 10

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