Company Name: UACN Property Development Co. Limited (www.UPDCplc.com)
Company Symbol: UAC-PROP
[UAC-PROP]>> Company Reports
UACN Property Development Company Plc

Date: 31st March 2017
Period: December 31, 2016

Statement of Comprehensive Income
Turnover/Revenue Audited 6.3451 NB Audited 5.114 NB 
Costs of Sales Audited 5.188 (NB) Audited 3.6 (NB) 
Gross Profit Audited 1.156 NB Audited 1.519 NB
Fair Value Gains on Investment Property Audited 1.509 NB Audited 0.253 NB 
Gain/ (Loss) On Disposal of Investment Properties Audited 0.732 Audited (57.4) NM 
Other Operating Income Audited 327 NM Audited 575.28 NM 
Selling & Distribution Expenses Audited 131 (NM) Audited 107.16 (NM) 
Admin Expenses Audited 1.822 (NB) Audited 1.379 (NB) 
Other Losses 1.7 (NB) Audited Nil (Audited) 
Operating Profit Audited 76 NM Audited 804.0 NB 
Finance Income Audited 625 NM Audited 607.98 NM 
Other Gains & Loss Audited Nil NM Audited Nil NM 
Finance Costs Audited 2.826 (NB) Audited 2.671 (NB) 
Share of Profit of Associate Audited 1.161 NB Audited 1.787 NB 
Share of Loss Of Joint Ventures 71 (NM) Audited Nil Audited 
Impairment of Investment and Receivable 748 (NM) Audited 473.0 NM Audited 
Loss before Tax Audited 1.783 (NB) Audited 56 NM NB 
Taxation Audited 233 Nm Audited 324.93 Nm 
Loss after Tax Audited 1.550 (NB) Audited 380.78 NM 
Earnings per Share (K) Basic Audited (88) K Audited 25 K 
Earnings per Share (K) Diluted Audited (88) K Audited 25 K

Statement of Financial Position
Property, Plant & Equipment 12.25 NB 12.631 NB 
Intangible Assets 51.4 NM 59.81 NM 
Investment Properties 16.654 NB 16.867 NB 
Investments in Associate and JV 19.70 NB 21.198 NB 
Available-for-Sale Financial Asset 10.0 NM 10.0 NM 
Inventories 12.868 NB 12.332 NB 
Trade & Other Receivables 9.288 NB 8.762 NB 
Cash and Cash Equivalents 89.11 NM 100.90 NM 
Total Assets 70.904 NB 71.961 NB 
Interest Bearing Loans and Borrowings 4.0 NB 6.399 NB 
Deferred Taxation 72.5 Nm 483.23 NB
Deferred Revenue 4.6 Nm 15.75 NM 
Trade & Other Payables 12.934 NB 11.887 NB 
Current Tax Liabilities 732.5 NM 786.76 NM 
Interest Bearing Loans and Borrowings 18.608 NB 16.407 NB 
Deferred Revenue 220 NM 241.37 NM 
Dividend Payable 308 NM 166 NM 
Total Liabilities 36.880 NB 36.386 NB 
Working Capital 10.557 (NB) 8.293 (NB) 
Net Assets 34.024 NB 35.574 NB 
Corporate Actions 
Final Dividend: Nil
Qualification Date: Not Applicable
Closure Date: To Be Advised
AGM Date: 23rd May 2017
AGM Venue: Golden Tulip Festac Hotel, Lagos