Generated:
8/28/2025 7:11:57 AM
Federal Radio Corporation of Nigeria
Lagos Operations
Radio House, Ikoyi
STATEMENT OF FINANCIAL POSITION AS AT:
DECEMBER 2022
| BAL_HEAD |
| | NCOA CODES | Notes | | |
| Cash & Bank Balances | 3101-310201 | 5 | 17,830,209.96 | 164,092.59 |
| Debtors & Prepayments | 310601-310604 | 3 | 125,566,184.79 | 1,554,400.00 |
| Prepayments | 310801 | 99 | 0.00 | 0.00 |
| Inventories | 310501 &310502 | 2 | (77,856,796.14) | 0.00 |
| Total Current Assets | A | | 65,539,598.61 | 1,718,492.59 |
| Long Term Loans | 311001 & 311002 | 99 | 0.00 | 0.00 |
| Investments | 310001-310002 | 99 | 0.00 | 0.00 |
| Not Applicable | 31090 & 310902 | | 0.00 | 0.00 |
| Fixed Assets | 30101-320110 | 1 | 166,765,477.13 | 0.00 |
| Investment Property | 320201 | 99 | 0.00 | 0.00 |
| Intangible Assets | 320301 | 99 | 0.00 | 0.00 |
| Total Non_Curent Assets | B | | 166,765,477.13 | 0.00 |
| Total Assets C = A+B | | | 232,305,075.74 | 1,718,492.59 |
| Deposits | 410001 | 4 | 16,517,147.16 | 313,104.19 |
| Short Term Loans & Debts | 410201 | 99 | 0.00 | 0.00 |
| Unremitted Deductions | 410301-410392 | 6 | 44,993,802.73 | 1,263,356.19 |
| Payables | 410401&410501 | 7 | 41,251,135.11 | (2,781,375.00) |
| Short Term Provisions | 41040101/44070103 | 22 | 125,520,830.93 | (4,774,448.65) |
| Current Portion of Borrowings | 410601 | 99 | 0.00 | 0.00 |
| Total Current Liabilities D | | L | 228,282,915.93 | (5,979,363.27) |
| Public Funds | 420001 & 420102 | 99 | 0.00 | 0.00 |
| Long Term Provisions | 420201 | 99 | 0.00 | 0.00 |
| Long Term Borowings | 420301 | 99 | 0.00 | 0.00 |
| Total Non Current Liabilities E | | L | 0.00 | 0.00 |
| Total Liabilities F = D-E | | L | 228,282,915.93 | (5,979,363.27) |
| Net Asset G = C-F | | L | 4,022,159.81 | 7,697,855.86 |
| Capital Accounts | 430101 | 19 | 675,412,453.62 | 0.00 |
| Reserves | 430301 | 99 | 0.00 | 0.00 |
| Accumulated Surplus/Deficit | 430201 | 99 | 694,516,958.11 | 7,697,855.86 |
| Minority Interest | 430301 | 99 | 0.00 | 0.00 |
| Total Net Assets/Equity H=G | | C | 19,104,504.49 | 7,697,855.86 |