Balance Sheet as at 31st December 2010
Fixed assets
4,599,585,126
3,929,756,212
Net Current assets
930,117,949
231,991,227
Long term liabilities
-808,287,801
680,044,609
Net Asset
3647673450
3768050224
Paid up capital
1,475,000,000
1,475,000,000
Share premium
1,976,891,352
1,976,891,352
Revenue Reserve
195,782,098
316,158,872
For the year ended 31 December 2009
Turnover
5390835577
4531407261
Profit before taxation
177,529,970
345,348,186
Taxation
1,035,076,167
1,033,797,743
Profit after taxation
56,623,226
305,404,105
Retained Profit earnings
56,623,226
305,404,105
Per 50k Share Data (unadjusted):
Earnings per share(Basic)
0
0
For the period ended 31 December 2009
Cash flows from operating activities
Operating profit
201,474,706
402,678,975
Adjustment for items not involving the movement of funds:
Depreciation of Fixed Assets
450,007,881
340,136,425
Profit on disposal of Fixed Assets
1,071,725,102
1,069,710,826
Operating profit before working capital changes
649465865
738784402
Other adjustments to reconcile operating Profit to cash from operating activities
Stocks
11,664,910
1,021,052,227
Debtors and Prepayments
1,052,627,772
809,672,722
Creditors and Accruals
261,653,140
41,735,616
Cash generated from / (used in) operations
901669863
463761318
Tax Paid
1,030,581,696
1,001,607,415
Net cash from operating activities
858509735
391626909
cash flows from investing activities
Purchase of Fixed Assets
-1,122,654,323
-1,802,519,332
Proceeds from disposal of Fixed Assets
4,834,250
34,354,527
Net cash from investing activities
-1117820073
-1768164806
>b>Cash flows from financing activities
Issue of shares
2,490,206,615
Dividend paid
896,741,824
-10,000,000
Loan repaid
999,982,862
927,487,496
Long term loan
463,304,017
298,005,673
Interest payable and similar charges
1,049,797,088
1,016,411,036
Net cashflow from financing activities
188600319
2574627172
Net increase/(decrease) in cash & cash equivalents
1,003,031,805
1,198,089,276
Cash & Cash Equivalents at beginning of the year
-1,877
-1,198,091,153
Cash & Cash Equivalents at end of year
-70711896
-1877
Bank Overdraft and Leases
741,300,931
751,191,237
Cash at bank and in hand
261,728,997
322,548,710
Investment Valuation Ratios
Liquidity And Solvency Ratios
Cash Flow Indicator Ratios
Earning Retention Ratio
4.13%
Gross Profit Margin (%)
0.03%
Return on Net fixed assets
Return on Invested Capital