Airline Services and Logistics Plc
Balance Sheet as at 31st Dec, 2010
Fixed Assets
821,931
758,660
Long Term Investments
1,416
27,416
Trade debtors
572,737
715,134
Amount due from subsidiary company
54,791
Other debtors and prepayments
237,973
552,866
Bank balances and cash
161,525
180,575
CREDITORS: Amounts falling due within one year
Bank overdrafts and short term facilities
496,524
Trade creditors
310,338
288,577
Amount due to related companies
100,101
138,254
Other creditors and accruals
246,382
195,151
Net Current Assets
545818
566603
Total Assets Less Current Liabilities
1,573,190
1,448,159
Provision For Liabilities And Charges
Share capital
317,000
317,000
Share premium
342,000
342,000
Revenue reserve
912,715
176,821
SHAREHOLDERS FUNDS
1571715
1435821
For the year ended 31 Dec 2010
Turnover
3,670,339
3,942,058
Cost of sales
1,072,235,407
-1,575,416
Gross profit
2,163,922
2,366,642
Administrative expenses
1,071,787,838
1,071,818,111
Other income
95,124
124,164
Interest received
2,852
5,672
lnterest payable and similar charges
-65,895
-172,495
Profit before taxation and exceptional item
241017
396270
Profit after taxation transferred to revenue reserve
240702
181155
Earnings per share - Basic (kobo)
38
29
For the period ended 31 Dec 2010
Cash flows from operating activities:
Cash receipt from customers
3,908
3,954,807
Payment to suppliers and employees
1,070,820,337
1,071,125,786
Net cash provided by operating activities
986373
1338769
Cash flows from investing activities:
Purchase of fixed assets
-270,948
-130,199
lnterest received
2,852
5,672
Proceeds from sale of fixed assets
650
Proceeds from sale of short term investment
36,930
Net cash provided by investing activities
-413148
-87591
Cash flows lrom financing activities:
lnterest paid
-66,895
-172,495
Dividend paid
-63,400
-44,380
Loans repaid
1,072,999,195
Net cash provided by financing activities
-130295
-959504
Net increase in cash and cash equivalents
442,930
291,668
Cash and cash equivalents at the beginning of the year
-281,405
1,073,168,751
Cash and cash equivalents at end of the year
161525
-281405
Investment Valuation Ratios
Gross Profit Margin(%)
0.59%
Return On Capital Employed(%)
0.15%
Return On Net Worth(%)
0.15%
Liquidity And Solvency Ratios
Cash Flow Indicator Ratios