Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review
Austin Laz
On this page
Company details
- Legal name
- Austin Laz & Company Plc
- Listing
- AUSTINLAZ on the Nigerian Exchange, active · ISIN NGAUSTINLAZ9 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2024 · audited financial statements, signed / final · source
-
Revenue
NGN 1.32 billion
1,316,125 NGN thousands · p16
Change not shown.
-
Operating profit / (loss)
Not reported in this filing
-
Profit / (loss) for the year
NGN 4.23 million
4,232 NGN thousands · p16
Moved from loss to profit (FY2023: (1,093) NGN thousands)
-
Total assets
NGN 1.43 billion
1,427,592 NGN thousands · p15
+9.7% vs 2023
-
Total equity
NGN 1.39 billion
1,387,237 NGN thousands · p15
+10.8% vs 2023
-
Cash from operations
Not yet collected from the source
Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Not shown: the prior-year figure is zero or negative.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2024 — audited financial statements, signed / final; reported for the year · source
- FY2023 — audited financial statements, signed / final; comparative in the FY2024 filing · source
Income statement
| Line (as printed) | FY2024Audited financial statementsreported for the year | FY2023Audited financial statementscomparative in FY2024 filing |
|---|---|---|
| Revenue | 1,316,125 | –1 |
| Cost of Sales | (1,159,845) | –1 |
| Gross Profit/(Loss) | 156,280 | –2 |
| Other Income | 6,174 | Not reported in this filing3 |
| Distribution Expenses | (28,582) | Not reported in this filing4 |
| Administration Expenses | (128,069) | (1,093) |
| Finance Cost | –2 | –2 |
| Profit before Tax | 5,803 | (1,093) |
| Tax Provision | (1,571) | –5 |
| Net Profit for the Period | 4,232 | (1,093) |
| Total Comprehensive income for the Period | 4,232 | (1,093) |
- Printed “-”, read as nil: subtotal_arithmetic: is.gross_profit.
- Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
- Printed “-”, read as nil: subtotal_arithmetic: is.profit_for_year.
Notes and alternative reported figures (2)
- Not reported in this filing: Not printed for 2023: the line 'Other Income' carries a 2024 amount (6,174) only; the 2023 column is left blank (p16, checked on the page image).
- Not reported in this filing: Not printed for 2023: the line 'Distribution Expenses' carries a 2024 amount ((28,582)) only; the 2023 column is left blank (p16, checked on the page image).
Balance sheet
| Line (as printed) | FY2024Audited financial statementsreported for the year | FY2023Audited financial statementscomparative in FY2024 filing |
|---|---|---|
| Property, Plant & Equipment | 1,239,396 | 1,100,502 |
| Intangibles | 136,652 | 151,835 |
| Non-current assets (unlabelled subtotal) | 1,376,048 | 1,252,337 |
| Inventories | 29,074 | 25,830 |
| Trade receivables1 | 18,575 | 20,152 |
| Cash and Cash Equivalent | 3,895 | 2,581 |
| Total current assets | 51,544 | 48,563 |
| Total Assets | 1,427,592 | 1,300,900 |
| Paid up Share Capital | 539,930 | 539,930 |
| Deposit for Share Capital2 | 85,000 | 0 |
| Capital Reserves3 | 712,083 | 1,224,776 |
| Retained Earnings | 50,224 | (512,693) |
| Equity attributable to owners of company | 1,387,237 | 1,252,013 |
| Long Term Borrowing | 0 | 42,644 |
| Trade Payable | 37,584 | 1,695 |
| Other Payable4 | 1,200 | 2,844 |
| Taxation | 1,571 | 1,704 |
| Total current liabilities | 40,355 | 6,243 |
| Total Equity and Liabilities | 1,427,592 | 1,300,900 |
Notes and alternative reported figures (4)
- “Trade receivables”: mapping to a shared definition is uncertain. Printed 'Trade receivables'; note 4 includes other receivables.
- “Deposit for Share Capital” is an issuer-specific line, not mapped to a shared definition: Printed equity line.
- “Capital Reserves” is an issuer-specific line, not mapped to a shared definition: Printed equity line (the statement of changes in equity heads it 'Revaluation reserve').
- “Other Payable” is an issuer-specific line, not mapped to a shared definition: Note 9: audit fees and accrued salaries.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
No dividend statement or amount collected.
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Austin Laz & Co. Plc Audited Financial Statements for the year ended 31 December, 2024
Year ended 31 December 2024 · Audited financial statements · signed / final
Audit: David Ugiagbe & Co. (Certified National Accountants & Tax Consultants), Benin City, unmodified opinion · signed
Auditor's sign-off: David Ugiagbe, for David Ugiagbe & Co.
Final status: Independent auditor's report to the members of Austin Laz & Co Plc by David Ugiagbe & Co. (Certified National Accountants), unmodified opinion (p10), hand-signed by David Ugiagbe with an ANAN seal and stamp; the day of the date is handwritten ('28 January, 2025') and the FRC number is handwritten (p11, photographed page image). The statement of financial position is hand-signed by the chairman/CEO, the secretary and the CFO; no board approval date is printed (p15, page image).
- Document date
- 28 Jan 2025
- Auditor's report
- 28 Jan 2025
- Board approval
- date not found in this document
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2024, FY2023
- Basis
- company statements · NGN thousands (printed “N'000”)
- The statement of changes in equity (p17) prints closing 2024 equity of 1,302,237 and an opening 2023 total of 1,297,674 / 1,253,106, against 1,387,237 on the statement of financial position (p15), whose own lines add to 1,387,237; note 1 prints a 2024 PPE net book value of 1,153,804 against 1,239,396 on p15. The figures on the primary statements are used, as printed.
- 2023 was a year without revenue (dashes on p16); the 2023 other income and distribution cells are blank. No total liabilities or non-current liabilities subtotal is printed (p15).
Technical details
- File
- 23 pages, with a text layer
- SHA-256
b9e03870366e08a40b0dfc00eb93d3eae56dba34e52f92a16d938a1dbbb453c7- Entity as printed
- AUSTIN LAZ & COMPANY PLC (also printed 'Austin Laz & Co. Plc')
- Note
- The independent auditor's report (PDF pp10-11) is a photograph of a paper report without a text layer.
- Exchange copy
- retrieved 2026-10-08T18:04:12Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.