Okomu Oil Palm Company Plc
Balance Sheet for the Month 30 September 2011
Fixed assets
6,684,791
6,415,413
Currrent assets (Amount falling due within one year)
Debtors and prepayments
402,512
709,692
Bank and cash
2,754,318
544,891
Current liabilities (Amounting falling due within one year)
Creditors and accruals
1,375,804
831,594
Net Current Assets
3157645
1421112
Deferred taxation
875,859
1,005,604
Amount falling due after one year
Retirement benefits/gratuity
574,321
Long Term Loans
264,966
390,194
Total Net Assets
8701611
5866406
Financed by capital and reserves
Share capital
238,478
238,478
Share premium account
1,867,095
1,867,095
Revenue reserves
6,596,038
3,760,833
For the Month ended 30th September, 2011
for the Month Ended September 30, 2011
Turnover
8,017,280
6,087,836
Cost of sales
2,087,422
2,299,876
Gross profit
5,929,858
3,787,960
Net operating expenses
1,824,782
1,756,559
Investment income
13,126
6,796
Interest payable
19,913
66,935
Profit before Extra-ord/Excep. Itmes
4,098,289
1,971,262
Profit before tax
4,098,289
1,971,262
Profit after taxation
3,789,115
1,629,456
Cash Flow for Month Ended 30th September, 2011
Net cash flow from operating activities
2,528,408
2,528,408
Net cash flow from investing activities
-483,540
-483,540
Net cash flow from financing activities
-59,254
-59,254
Cash and cash equivalents at the beginning
446,444
446,444
Cash and cash equivalents at the end
2,432,058
2,432,058
Investment Valuaton Ratios
For the Month ended 30th September, 2011
Gross Profit Margin(%)
0.74%
Return On Net Worth(%)
0.44%
Cash Flow Indicator Ratios
Inventory Turnover Ratio
5.82%
Fixed Assets Turnover Ratio
1