Important Announcement
PubHTML5 Scheduled Server Maintenance on (GMT) Sunday, June 26th, 2:00 am - 8:00 am.
PubHTML5 site will be inoperative during the times indicated!

Home Explore 2017 Neimeth Annual Report and Acounts

2017 Neimeth Annual Report and Acounts

Published by itdepartment, 2018-03-15 11:46:31

Description: 2017 Neimeth Annual Report and Acounts

Search

Read the Text Version

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 49 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201750 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 51 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201752 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 53 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201754 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 55 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201756 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 57 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201758 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 59 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201760 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 61 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201762 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 63 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201764 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 65 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201766 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 67 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201768 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 69 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201770 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 71 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201772 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 73 REPORT AND ACCOUNTS

Notes to the Financial Statements for the Year Ended 30 September 201774 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Notes to the Financial Statements for the Year Ended 30 September 2017 2017 ANNUAL 75 REPORT AND ACCOUNTS

Statement of Value Added for the Year Ended 30 September 2017 VALUE ADDED - 201776 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Financial Summary for the Year Ended 30 September 2017 IFRS 2017 ANNUAL 77 REPORT AND ACCOUNTS

Performance Indications Profit Before Tax (N’m) 100 95 0 (316) -100 -200 2015 -300 -400 -500 2016 2017 10 Earnings (Kobo) 5 0 4 -5 -21 2016 -24 -10 -15 2015 2017 -20 -25 Shareholders’ Funds (N’b) -30 1.16 1.22 2 0.81 1 0 2016 2015 201778 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Shareholder’s InformationThe Registrar The Company SecretaryMeristem Registrars and Probate Neimeth Int’l Pharms. Plc.Services Limited 16, Akanni Doherty Layout213, Herbert Maculay Way, (Billings Way) Oregun,Adekunle, Yaba, Lagos.Lagos. Tel: 08158422346, 08033128663Tel: 01-8920491 - 2, 2702361 E-mail: info@neimethplc.com.ngE-mail: info@meristermregistrars.com 2017 ANNUAL 79 REPORT AND ACCOUNTS

Share Capital History AUTHORIZED ISSUED AND PAID UPYEAR NN N N CHANGE CUMMULATIVE CHANGE CUMMULATIVE CONSIDERATIONAug 57 50,000 50,000 4 4 CashSep 57 - 50,000 6,9961965 1,000,000 7,000 Cash1966 950,000 1,000,000 01971 - 1,000,000 303,192 0-1973 - 1,000,000 52,638Mar 77 - 1,000,000 615,000 310,192 CashJul 77 - 1,000,000Sep 77 - 4,000,000 0 362,830 Bonus 488,914Apr 78 Nomin value 4,000,000 977,830 CashNov 78 Changed to 4,000,000 01980 50k p/share 5,000,000 0-1981 8,000,000 783,2561983 - 8,000,000 1,500,000 1,466,744 Bonus1985 - 12,000,0001987 1,000,000 12,000,000 937,500 0-Jan 92 3,000,000 50,000,000 937,500Jul 92 - 50,000,000 1,406,250 2,250,000 BonusApr 99 4,000,000 50,000,000 1,406,250 3,750,000 New IssueApr 99 - 125,000,000 2,109,375 4,687,500 Bonus2001 38,000,000 125,000,000 5,625,000 Bonus2002 - 125,000,000 0 7,031,250 BonusSep 03 - 125,000,000 21,094,000 8,437,500 BonusSep 03 75,000,000 125,000,000 7,910,218 10,546,875 Bonus2004 - 125,000,000 16,737,163 10,546,875Jul 05 - 125,000,000 31,640,875 -Jul 05 - 125,000,000 228,540 39,551,093 Rights IssueSep 05 - 750,000,000 350,000 56,288,256Mar 06 - 750,000,000 11,373,359 56,516,796 BonusSept 08 - 750,000,000 1,298,261 56,866,796 Right/Public OfferOct 2011 - 1,000,000,000 12,565,429 68,240,155Mar 2014 625,000,000 1,000,000,000 10,421,000 69,538,416 CashFeb 2017 - 1,000,000,000 18,504,800 82,103,845 Cash - 92,524,845 Bonus 250,000,000 - 111,029,645 Cash - 217,600,713 Cash - 82,158,000 - Cash 486,382,724 328,630,358 Bonus 130,795,944 410,788,358 78,477,566 653,979,720 - 784,775,664 Cash 863,253,230 Bonus Rights Issue Bonus Bonus80 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

Annual General Meeting to be held at 11.00 a.m on Teusday27th March, 2018 at NECA House, Plot A2, Hakeem Balogun Street,Central Business District, Alausa, Ikeja, Lagos 2017 ANNUAL 81 REPORT AND ACCOUNTS

Meristem Registrars and Probate Services Limited213, Herbert Maculay Way,Adekunle, Yaba, Lagos. 201882 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC

The RegistrarMeristem Registrars and ProbateServices Limited213, Herbert Maculay Way,Adekunle, Yaba, Lagos. 2017 ANNUAL 83 REPORT AND ACCOUNTS

Notes84 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC