Ashaka Cement Company Plc
Balance Sheet as at 31st December 2009
Fixed assets
19,066,089
16,587,189
Finance leased assets
9,970
Net current (Liabilities)/ assets
1,070,645,964
1,072,064,939
Deferred taxation
1,072,561,183
1,072,598,279
Provision for Liabilities and charges
-1,648,000
1,072,760,253
Share capital
995,313
853,125
Revenue reserve
12,146,275
11,799,845
For the year ended 31 December 2009
Profit before taxation
2,365,777
3,430,941
Taxation
1,072,319,665
-1,360,896
Profit after taxation transfer to Revenue Reserve
943,618
2,070,045
Earnings - Basic (kobo)
47
121
Earnings - Diluted (kobo)
47
104
Cement deliveries ('000 Tonnes)
647
866
Average cement price per tonne delivered (Naira)
27
25
Capital Expenditure (N'000)
3006137
4403327
For the period ended 31 December 2009
Cash flows from operating activities
Cash receipt from customers
18,003,351
21,721,212
Payment to suppliers and employees
1,060,013,804
1,060,678,490
Valued added tax (Net)
-598,844
1,072,675,962
Taxes paid
1,072,814,255
-1,687,204
Net cash provided by operating activities
2748918
5904812
Cash flows from investing activities
Proceeds on disposal of fixed assets
24,098
19,982
Purchase of fixed assets
-58,735
-228,112
Interest received
61,187
68,574
Capital work-in-progress
1,070,794,422
1,069,566,609
Net cash provided by investing activities
2920852
4314771
Cash flows from financing activities
Finance lease repayments
-17,705
-16,109
Dividend paid
-597,188
1,072,635,098
Net cash provided by financing activities
614893
1122835
Net (Decrease)/ increase in cash and cash equivalents
1,072,954,997
467,206
Cash and cash equivalents at 1st January
1,636,441
1,169,235
Cash and cash equivalents at 31st December
849614
1636441
Investment Valuation Ratios
Operating Profit Per Share (Rs)
Operating Profit Margin(%)
Return On Capital Employed(%)
Liquidity And Solvency Ratios
Number of Days In Working Capital
Cash Flow Indicator Ratios
Earning Retention Ratio
2%
Total Assets Turnover Ratio
Fixed Assets Turnover Ratio
1