Balance Sheet as at 31 December 2009
Fixed assets
53,989,186
49,541,184
Intangible assets
676,901
781,909
Deferred tax
3,787,318
3,787,318
Long term prepayment
1,406,784
1,234,134
Net current (liabilities)/assets
1,066,734,972
3,689,921
Non current liabilities
1,052,137,568
1,053,743,619
Net assets
31249081
39036261
Share capital
3,439,239
3,439,239
Share premium
50,779,997
50,779,997
General reserves
1,050,771,669
1,058,558,849
Shareholders fund
31249081
39036261
For the year ended 31 December 2009
Operating (loss)/profit
1,073,074,869
1,069,293,589
(loss)/profit before taxation
1,066,060,673
1,065,326,786
(loss)/profit after taxation
1,065,954,644
1,065,733,740
(loss)/earnings per share
(N1.13)
(N1.44)
For the period ended 31 December 2009
Cash flows from operating activities
Operating profit/(loss) before working capital changes
6,280,350
1,073,155,083
Working capital changes
1,550,781
1,067,185,929
Net cash inflow/(outflow) from operating activities
7803581
-7142636
Cash flows from investing activities
Proceeds on disposal of fixed assets
6,404
4,450
Purchase of fixed assets
1,062,593,264
1,043,798,536
Interest received
1,085,009
1,797,272
Acquisition of intangible assets
-339,100
Net cash flows from investing activities
-10057147
-28480666
Cash flows from financing activities
Proceeds from issuance of share
39,733,323
Bank overdraft repaid
-1,590,408
-486,259
Bank overdraft obtained
751,378
Commercial papers repaid
-700,000
-510,000
Repayment of shareholders loans
1,069,345,684
Bank loans obtained
11,473,746
21,061,872
Bank loans repaid
1,060,236,019
1,070,609,715
Finance lease repaid
-79,984
-242,879
Finance lease obtained
238,742
Interest paid
1,071,339,175
1,071,618,397
Net cash (outflow)/inflow from financing activities
-6805100
50894501
Net (decrease)/increase in cash and cash equivalents
1,064,683,158
15,271,199
Cash and cash equivalents at beginning of the year
15,904,260
633,061
Cash and cash equivalents at end of the year
6845594
15904260
Investment Valuation Ratios
Operating Profit Per Share (Rs)
-0
Operating Profit Margin(%)
Gross Profit Margin(%)
-0%
Return On Capital Employed(%)
Return On Net Worth(%)
-0%
Liquidity And Solvency Ratios