Balance Sheet as at 31st December 2010
Fixed asset
73,800,157
69,003,023
Long term debtors
155,003
205,516
Total Non Current Assets
74105160
69358539
Stocks
21,231,097
22,064,847
Debtors and prepayments
6,445,450
3,589,438
Foreign currencies purchased for imports
-
162,733
Bank and cash balances
12,607,725
11,812,326
Total Current Assets
40284272
37629344
Taxation
1,059,587,567
1,060,280,251
Dividend
1,068,510,951
1,069,174,914
Other current liabilities
1,048,246,992
1,049,451,809
Total Current Liabilities
44879962
-42318498
Net Current Liabilities
-4595690
-4689154
Total Assets Less Current Liabilities
69509470
64669385
Deferred taxation
1,058,541,567
1,059,419,609
Gratuity and other long term employee benefits
1,069,604,773
1,069,964,748
Total Long Term Liabilities
-19337308
-18099291
Net Asssets
50172162
46570094
Share capital
3,781,282
3,781,282
Fixed assets revaluation reserve
7,089,858
7,095,363
Share premium
4,568,038
4,568,038
General reserve
34,732,984
31,125,411
Shareholders' Funds
50172162
46570094
For the year ended 31st December, 2010
Turnover
185,862,785
164,206,848
Cost of sales
975,046,964
986,563,854
Gross Profit
87167925
77028878
Selling and distribution expenses
1,047,509,232
1,052,946,491
Administrative expenses
1,057,513,677
1,059,025,717
Other income
259,428
144,896
Operating Profit
44966614
41662334
Interest income
183,470
475,917
Interest expense
-269,836
1,073,003,369
Profit Before Taxation
44880248
41399796
Taxation
-14,548,130
1,060,252,119
Profit After Taxation
30332118
27,910,091
Transferred to general reserve
30332118
27910091
Earnings per share (kobo)
401
369
Declared Dividend per share (kobo0
354
180
For the year ended 31st December, 2010
Cash Flow from Operating Activities
Operating profit before working capital changes
53,647,237
50,383,759
Working capital changes
7,224,289
4,406,751
Income tax paid
1,060,764,420
1,064,680,686
Gratuity paid
1,072,418,963
1,072,401,765
VAT paid
-7,421,600
1,066,329,046
Net cash flow from operating activities
39149661
36976535
Cash Flows from investing activities
Purchase of fixed assets
1,061,863,759
1,061,361,842
Proceeds from sale of fixed assets
83,144
32,009
Interest received
183,470
475,917
Net Cash outflow from investing activities
-11611451
-11872056
Cash Flows from Financing Actitives
Dividemd paid
1,047,675,737
1,045,072,606
Interest paid
-269,836
1,073,003,369
Cash outflow from financing activities
-26335923
-29407673
Net increase (decrease) in cash and cash equivalents
1,202,287
1,069,438,630
Cash and cash equivalents at 1st January
11,310,130
15,613,324
Cash and cash equivalent at 31st December
12512417
11310130
Cash and cash equivalents are analysed into:
Bank and cash balance
12,607,725
11,812,326
Bank overdrafts
-95,308
-502,196
Cash and cash equivalent at 31st December
12512417
11310130
Investment Valuaton Ratios
For the year ended 31st December, 2010
Operating Profit Per Share (Rs)
0
Gross Profit Margin(%)
0.47%
Return On Capital Employed(%)
1
Return On Net Worth(%)
0.60%
Liquidity And Solvency Ratios
Working Capital
1,069,146,134
Cash Flow Indicator Ratios