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Unaudited Consolidated and Separate Interim Financial Statements
For the period ended 30 June 2017

OANDO PLC
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2017
CONTENTS PAGE
Unaudited consolidated and separate statement of profit or loss & other comprehensive income 3 - 4
Unaudited consolidated and separate statement of financial position 5
Unaudited consolidated and separate statement of changes in equity 6 - 7
Unaudited consolidated and separate statement of cash flows 8
Notes to the interim financial statements 9 - 23
2

OANDO PLC
UNAUDITED CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS
UNAUDITED STATEMENT OF PROFIT OR LOSS
NOTE Group Group Company Company
Jun. 2017 Jun. 2016 Jun. 2017 Jun. 2016
N'000 N'000 N'000 N'000
Continuing operations
Revenue 3.3 266,977,663 116,236,571 5,812,100 2,839,342
Cost of sales (233,544,000) (111,207,739) - -
Gross profit 33,433,663 5,028,832 5,812,100 2,839,342
Other operating income 12,662,403 12,635,034 6,349,761 (10,084,817)
Administrative expenses (31,506,060) (49,419,150) (13,166,148) 14,735,914
Operating profit/(loss) 3.3 14,590,006 (31,755,284) (1,004,287) 7,490,439
Finance costs (21,000,291) (37,999,410) (7,009,820) (29,810,697)
Finance income 4,632,825 2,655,178 901,865 8,967
Finance costs - net 3.3 (16,367,466) (35,344,232) (6,107,955) (29,801,730)
Share of profit of associate 937,552 263,230 - -
Loss before income tax from continuing operations 3.3 (839,908) (66,836,286) (7,112,242) (22,311,291)
Income tax credit/(expense) 3.3 668,022 22,265,777 (81,828) (124,408)
Loss for the period from continuing operations (171,886) (44,570,509) (7,194,070) (22,435,699)
Discontinued operations
Profit after tax for the period from discontinued operations 16d 4,733,515 17,579,299 - -
Profit/(loss) for the period 4,561,629 (26,991,210) (7,194,070) (22,435,699)
Profit/(loss) attributable to:
Equity holders of the parent 941,305 (27,291,598) (7,194,070) (22,435,699)
Non-controlling interest 3,620,324 300,388 - -
4,561,629 (26,991,210) (7,194,070) (22,435,699)
Earnings per share from continuing and discontinued operations attributable to ordinary equity holders
of the parent during the period (expressed in kobo per share):
Basic and diluted (loss)/earnings per share 15
From continuing operations (31) (371)
From discontinued operations 38 145
From profit for the period 7 (226)
The accounting policies and notes form an integral part of these unaudited consolidated and separate financial statements.
3

OANDO PLC
UNAUDITED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Group Group Company Company
Jun. 2017 Jun. 2016 Jun. 2017 Jun. 2016
N'000 N'000 N'000 N'000
Profit/(loss) for the period 4,561,629 (26,991,210) (7,194,070) (22,435,699)
Other comprehensive income/(loss):
Items that may be reclassified to profit or loss in subsequent periods:
Exchange differences (loss) on net investment in foreign operations (1,070,322) - - -
Exchange differences on translation of foreign operations 940,054 82,846,096 - -
Fair value loss on available for sale financial assets - 2,343 - 2,343
Other comprehensive (loss)/income for the period, net of tax (130,268) 82,848,439 - 2,343
Total comprehensive profit/(loss) for the period, net of tax 4,431,361 55,857,229 (7,194,070) (22,433,356)
Attributable to:
- Equity holders of the parent 601,902 35,807,588 (7,194,070) (22,433,356)
- Non-controlling interests 3,829,459 20,049,641 - -
Total comprehensive profit/(loss) for the period, net of tax 4,431,361 55,857,229 (7,194,070) (22,433,356)
4

OANDO PLC
UNAUDITED STATEMENT OF CHANGES IN EQUITY
GROUP
Share Capital &
Share Premium Other reserves Retained earnings
Equity holders
of parent
Non controlling
interest Total equity
N'000 N'000 N'000 N'000 N'000 N'000
Balance as at 1 January 2016 180,824,232 55,750,740 (199,723,265) 36,851,707 14,042,219 50,893,926
(Loss)/profit/ for the period - - (27,291,598) (27,291,598) 300,388 (26,991,210)
Other comprehensive income for the period - 63,099,186 - 63,099,186 19,749,253 82,848,439
Total comprehensive income/(loss) for the period 180,824,232 118,849,926 (227,014,863) 72,659,295 34,091,860 106,751,155
Value of employee services - 15,563 - 15,563 - 15,563
Reclassification of revaluation reserve - (22,194,982) 22,194,982 - - -
Dividend paid by subsidiary - - - - (80,743) (80,743)
Disposal of subsidiary - (771,678) 2,398,451 1,626,773 (756,100) 870,674
Total transaction with owners - (22,951,097) 24,593,433 1,642,337 (836,843) 805,494
- (22,979,188) 21,392,145 (1,587,043) 32,259,945 30,672,902
- (45,930,285) 45,985,578 55,294 31,423,103 31,478,396
Balance as at 30 June 2016 180,824,232 72,919,641 (181,029,285) 72,714,589 65,514,963 138,229,551
Balance as at 1 January 2017 180,824,232 93,826,307 (152,287,138) 122,363,401 69,981,178 192,344,579
Profit for the period - - 941,305 941,305 3,620,324 4,561,629
Other comprehensive (loss)/income for the period - (339,403) - (339,403) 209,135 (130,268)
Total comprehensive income/(loss) for the period 180,824,232 93,486,904 (151,345,833) 122,965,303 73,810,637 196,775,940
Conversion of OODP's convertible debt 1,980,000 - - 1,980,000 - 1,980,000
Total transaction with owners 1,980,000 - - 1,980,000 - 1,980,000
- - - - - -
1,980,000 - - 1,980,000 - 1,980,000
Balance as at 30 June 2017 182,804,232 93,486,904 (151,345,833) 124,945,303 73,810,637 198,755,940
Total transactions with owners of the parent,
recognised directly in equity
Total transactions with owners of the parent, recognised directly
in equity
Change in ownership interests in subsidiaries
that do not result in a loss of control
Total transactions with owners of the parent,
recognised directly in equity
Total

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