Unilever posts 23% YoY growth in revenue, assets value reach GHS 380m
Unilever Ghana on a year-on-year basis grew its revenue by GHS 103m.
Per the 2021 Financial Statement of the consumer goods manufacturing company, revenue for the review period grew from GHS 456m in 2020 to GHS 559m in 2021.
The growth in revenue was driven by volume increases, price increases and improved innovation which saw new product launches in Geisha and Closeup brands during the year.
Profit after tax for the year was GHS 1.3m compared to the recorded operating loss of GHS 27.6m in 2020.
According to Unilever Ghana, the profit was largely due to the growth in revenue, pricing actions to offset input cost inflation and sale of the tea business.
Estimated earnings per share for the year 2021 on the back of the recorded GHS 1.3m profit after tax is GHS 0.02.
Total assets value recorded at end-December 2021 was GHS 380m.
Compared to the GHS 335m total assets value recorded for 2020, the 2021 total assets value marks an increase of GHS 45m on a year-on-year basis.
Current assets value of Unilever Ghana grew from GHS 164m in 2020 to GHS 214m in 2021.
Non-current assets value however, declined from GHS 171m in 2020 to GHS 166m in 2021.
Liabilities of the consumer goods company for the review period grew by GHS 44m increasing from GHS 300m in 2020 to GHS 344m in 2021.
Accounting for the chunk of Unilever Ghana’s liabilities is its current liabilities which grew from GHS 297m to GHS 340m within the review period.
Non-current liabilities accounted for the remaining GHS 3.1m of the total liabilities.
Examine details of the financial statement below:
pdf (10) by Fuaad Dodoo on Scribd
