Balance Sheet as at 31st Jan, 2011
Cash and short term funds
357,607
2,302,120
Long term investments
46,453
46,688
Loans and advances
36,007
123,850
Finance lease receivables
4,227,630
4,176,098
Lease rental due
217,944
147,352
Other assets
4,254,590
4,150,960
Lease assets
2,834,758
1,352,210
Fixed assets
720,984
653,670
Total Assets
12696682
12952948
Loans and overdrafts
1,475,880
682,721
Short term borrowings
4,558,777
5,306,182
Current liabilities
1,702,617
1,423,795
Medium term liabilities
877,007
904,779
Convertible bond
2,288,505
2,278,305
Share capital
808,505
808,505
Share premium
679,526
679,526
Statutuory reserve
321,405
294,817
Capital reserve
1,215
1,215
General reserve
-212,618
205,229
Shareholders' fund
1598033
1989292
Non-controlling interest
138,605
119,439
For the year ended 31 Jan 2011
Gross income
8,647,445
8,287,858
Direct Costs
1,067,035,612
1,067,378,396
Gross profit
1,941,233
1,924,430
Provision for doubtful accounts
-215,725
-161,752
Operating expenses
1,071,906,834
1,072,090,313
(Loss)/profit before exceptional item and taxation
-109,482
111,167
(Loss)/profit after taxation
-156,922
107,185
Non-controlling interest
-19,166
35,221
(Loss)/profit after taxation and non-controlling interest
-176,088
142,406
Transfer to statutory reserve
26,588
50,617
Transfer to general reserve
-202,676
91,789
Basic earnings per share (kobo)
-11
9
For the period ended 31 Jan 2011
Cash flows from operating activities
Gross income
8,612,770
8,274,734
Cash payment to employees and suppliers
1,070,159,378
-3,795,880
Operating lease expense
-3,463,744
-2,534,360
VAT output
-177,786
-96,975
Operating profit before changes in operating assets/liabilities
1141765
1942791
Changes in operating assets/liabilities
Loans and advances
75,940
-12,879
Finance lease receivable
-12,345
183,042
Lease rental due
-202,931
-75,434
Other assets
-208,379
1,072,630,694
Short term borrowings
1,072,994,419
2,716,821
Current liabilities
278,822
1,072,016,459
Medium term liabilities
-27,772
756,916
Net cash provided by operating activities
297695
2674762
Cash flows from investing activities
Proceeds from sale of leased assets
126,170
94,080
Proceeds from sale of fixed assets
32,416
2,396
Purchase of leased assets
1,071,612,287
-439,596
Purchase of fixed assets
-199,888
-120,700
Net cash used in investing activities
-2170839
-382361
Cash flows from financing activities
Dividend paid
-42,000
-174,637
Interest on loans and overdraft
-832,728
1,072,639,923
(Liquidation)/proceeds from convertible bond
10,200
2,258,085
Net cash (used in)/ provided by financing activities
-864528
981547
Net decrease in cash and cash equivalents
-2,737,672
3,273,948
Cash and cash equivalents, at 1 February
1,619,399
1,072,087,275
Cash and cash equivalents at 31 January
-1118273
1619399
Investment Valuation Ratios
Gross Profit Margin(%)
0.22%
Return On Net Worth(%)
-0.10%
Liquidity And Solvency Ratios
Cash Flow Indicator Ratios