Federal Radio Corporation of Nigeria
Lagos Operations
Radio House, Ikoyi
FINANCIAL PERFORMANCE FOR THE PERIOD ENDED:
DECEMBER 2022
| BAL_HEAD |
| Previous Year | | NCOA CODES | Notes | Current Year |
| 0.00 | Govt. Share of FAAC (Statutory Revenue) | 110101 & 110103 | 99 | 0.00 |
| 0.00 | Government Share of VAT | 110102 | 99 | 0.00 |
| 0.00 | Tax Revenue | 120101 | 99 | 0.00 |
| 19,753,220.92 | Commercial Income | 120201-120210 & 1202 | 18 | 255,570,020.71 |
| 0.00 | Investment Income | 120211 | 99 | 0.00 |
| 0.00 | Interest Earned | 120212 | 99 | 0.00 |
| 0.00 | Aids & Grants | 130101-130204 | 99 | 0.00 |
| 0.00 | Debt Forgiveness | 140401-140402 | 99 | 0.00 |
| 0.00 | Non Commercial Income | 140701 | 20 | 1,654,394.07 |
| 0.00 | Transfers from other Govt. Entities | 150101 | 99 | 0.00 |
| 19,753,220.92 | Total Revenue (a) | | I | 257,224,414.78 |
| 1,059,500.00 | Materials and Supplies | 22020301-22020312 | 8 | 12,622,186.08 |
| 758,152.00 | Other Services | 22020601-22020607 | 9 | 47,944,316.85 |
| 2,985,598.59 | Utilities | 22020201-22020210 | 10 | 41,455,555.32 |
| 114,360.48 | Maintenance Service | 22020401-22020411 | 11 | 21,042,794.15 |
| 2,572,500.00 | Fuel & Lubricants | 22020801-22020806 | 12 | 171,637,178.60 |
| 0.00 | Travel & Transport | 22020101-22020104 | 13 | 10,109,545.51 |
| 0.00 | Financial Charges | 22020901-22020902 | 14 | 238,293.31 |
| 0.00 | Training | 22020501-22020502 | 15 | 0.00 |
| 1,365,253.99 | Miscellaneous Expenses | 22021001-22021043 | 16 | (5,681,422.72) |
| 3,200,000.00 | Transfer to Fund | 22070104 | 17 | 21,493,864.46 |
| 0.00 | Depreciation Charges | 24010101-24010502 | 23 | 32,106,629.08 |
| 0.00 | Social Benefits | 21030101-21030103 | 24 | 640,000.00 |
| 0.00 | Consultancy/Professional Services | 22020701-22020709 | 25 | 400,000.00 |
| 12,055,365.06 | Total Expenditure (b) | | E | 354,008,940.64 |
| 7,697,855.86 | Surplus/(Deficit) Operating Activities for the Period C=(A-B) | | I | (96,784,525.86) |
| 0.00 | Gain/Loss on Disposal of Asset | 14050101 | 21 | 0.00 |
| 0.00 | Gain on Foreign Exchange | 14100101 | 26 | 0.00 |
| 0.00 | Total Non Operating Revenue (d) | | I | 0.00 |
| 0.00 | | | I | 0.00 |
| 0.00 | | 144001 | 99 | 0.00 |