Balance Sheet as at 30 June 2010
Fixed Assets
2,150,631
1,903,839
Finance Lease Assets
73,423
110,648
Investments
2,813,932
2,584,086
Debtors and Prepayments
1,850,131
1,687,122
Due from Related Companies
67,065
150,556
Cash at bank and in hand
232,831
79,223
Creditors due within one year
-2,083,228
-1,544,080
Net Current Assets
312831
668751
Total Assets Less Current Liabilities
5,350,817
5,267,324
Obligation under finance lease
-15,038
-33,866
Deferred taxation
-100,325
-134,012
Staff retirement benefits
-4,540
-4,425
Share capital
750,000
750,000
Share Premium
2,973,043
2,973,043
Fixed Assets revaluation reserve
26,279
26,279
Revenue Reserve
1,481,592
1,345,699
For the year ended 30 June 2010
Cost of sales
1,071,460,281
1,071,467,475
Gross Profit
2,818,980
2,745,429
Administrative Expenses
1,071,733,969
1,071,704,951
Financial Charges
-207,646
-191,208
Other operating income
38,704
105,688
Profit before taxation
642,183
623,036
Profit after taxation
465893
429073
Earnings per share (kobo)
31k
29k
Dividend per share (kobo) (proposed)
10k
22k
For the period ended 30 June 2010
Cashflows from operating activities
Cash received from customers
4,976,218
6,266,014
Cash Paid to suppliers and employees
1,070,043,382
1,069,410,626
Net cash provided by operating activities
1165800
1858096
Cashflows from investing activities
Purchase of fixed assets
-343,486
1,072,552,719
Additions to finance lease assets
-19,900
-28,550
Investment in related companies
-505,943
1,073,096,619
Investment in other companies
276,098
157,866
Proceeds from sale of fixed assets
15,305
9,376
Net cash utilized by investing activities
-577926
-1695618
Cash flows from financing activities
Lease repayment
-18,828
-12,379
Interest paid on loans and overdraft
-207,646
-191,208
Dividend paid
-330,000
-382,074
Net cash utilized by financing activities
-556474
-531661
Net increase/(decrease) in cash and cash equivalents
31,400
-369,183
Cash and cash equivalents at July 1,
-248,363
120,820
Cash and cash equivalents at June 30,
-216963
-248363
Investment Valuation Ratios
Operating Profit Margin(%)
0
Gross Profit Margin(%)
0.55%
Return On Capital Employed(%)
0.12%
Return On Net Worth(%)
0.09%
Liquidity And Solvency Ratios
Cash Flow Indicator Ratios
Earning Retention Ratio
1.71%
Fixed Assets Turnover Ratio
2