Balance Sheet as at 31st Dec, 2009
Financed Position Capital Employed:
Share capital
126,994
126,994
Retained Earnings
2,838,931
1,788,021
Shareholders funds
2965925
1915015
Property, plant and equipment
3,183,030
3,561,248
Current Assets
13,425,019
7,769,195
Current liabilities
1,060,872,801
1,065,601,891
Non current liabilities
1,072,968,723
1,072,466,330
Net Assets per share (Naira)
11.68
7.54
For the year ended 31 December 2009
Gross Profit
5,629,729
4,268,551
Net operating expenses
-3,941,864
1,069,084,682
Operating Profit
1687866
-388590
Finance income
33,417
82,865
Profit/(loss) before tax
1,721,283
-305,726
Tax Expense
1,073,071,451
80,300
Profit/(loss) for the year
1050910
-225425
Earnings/(loss)per share (Naira)
4
-1
Dividend per share (Naira)
For the period ended 31 December 2009
Cash flows from operating activities
Cash generated from operations
2,473,734
1,070,611,481
Income taxes paid
-174,704
1,072,841,831
Severance benefit paid
1,072,835,387
7,232
Net cash generated from operating activities
1392593
-4023104
Cash flows from investing activities:
Purchase of property, plant and equipment
-211,901
-310,827
Disposal of property, plant and equipment
3,411
24,993
Decrease in Deposits
341,783
20,964
Interest Received
33,417
82,865
Net cash used in investing activities
166710
-182005
Cash flows from financing activities
Dividend paid
1,071,836,909
Net cash used in financing activities
1,071,836,909
Increase (Decrease) in cash and cash equivalents
1559303
-6110024
At start of year
-285,100
5,824,924
Increase
1,559,303
1,067,631,800
At end of year
1274203
-285100
Investment Valuation Ratios
Liquidity And Solvency Ratios
Long Term Debt Equity Ratio
Total Assets Turnover Ratio
Working Capital
26,294,042
Number of Days In Working Capital
Cash Flow Indicator Ratios