• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

ESLA Plc records GHS 4.1bn decline in assets value at end-Q2 2023

2 years ago
in Business, Economy, Editor's pick, Energy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
113
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

ESLA Plc records GHS 4.1bn decline in assets value at end-Q2 2023

ESLA Plc, the Special Purpose Vehicle (SPV) incorporated to address Ghana’s energy sector debts, experienced a notable setback in its financials, reporting a significant decline in total assets value at the end of Q2 2023. The company’s total assets stood at GHS 5.2 billion, marking a substantial decrease from the previous year’s figure of GHS 9.3 billion.

The decline in total assets can be attributed to a drastic reduction in non-current assets, which plummeted to GHS 748.5 million from GHS 5.6 billion at the end of Q2 2022. In contrast, current assets showed some growth, reaching GHS 4.4 billion from GHS 3.7 billion year-on-year. However, despite the improvement in current assets, it proved insufficient to offset the decline in the non-current assets segment.

ESLA Plc’s liabilities, on the other hand, witnessed a remarkable reduction, totaling GHS 4.9 billion at the end of Q2 2023, down from GHS 9.1 billion in the corresponding period last year. Both current and non-current liabilities exhibited a decline, standing at GHS 232 million and GHS 4.6 billion, respectively, compared to GHS 493 million and GHS 8.7 billion in the previous year.

During the review period, ESLA Plc’s total comprehensive income posted growth, increasing from GHS 33.3 million to GHS 38.2 million at the end of Q2 2022 and Q2 2023, respectively. This improvement in reported comprehensive income translated to earnings per share being pegged at GHS 38.

As a crucial SPV, ESLA Plc issues long-term bonds backed by a component of the ESLA receivables to address the country’s energy sector debts owed to banks and trade creditors. Market participants will closely monitor the company’s financial performance and its ability to navigate the prevailing economic conditions. ESLA Plc’s efforts to manage its liabilities prudently and enhance its asset base will be pivotal in restoring investor confidence and ensuring financial sustainability.

RelatedPosts

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

Tags: energy sector debtsESLA PLCESLA Plc records GHS 4.1bn decline in total assets value at end-Q2 2023
No Result
View All Result

Highlights

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

Historic Bid: U.S. Joins Forces with Mexico, Costa Rica, and Jamaica for 2031 Women’s World Cup

Bank of Ghana Sells GHS 7.0bn in 56-Day Bills at 21.46% Interest Rate

Deputy Finance Minister Hints 2026 Budget to Prioritise Fiscal Discipline and Job Creation 

FirstBank and Coronation Insurance Strengthen Partnership to Deliver Greater Value to Customers

Trending

Business

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

October 21, 2025

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks Ethiopia has officially moved closer...

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

October 21, 2025

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

October 21, 2025

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

October 21, 2025

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

October 21, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.