Balance Sheet as at 31 December 2009
Fixed assets
12,647,529
11,236,909
Leased assets
282,515
218,243
Long term prepayments
1,899,497
1,529,485
Net current liabilities
1,069,269,081
1,070,892,709
Long term liabilities
1,070,367,830
1,070,875,255
Share capital
169,761
169,761
Capital reserve
263,436
263,436
General reserve
6,549,638
6,835,787
Shareholders' Fund
6982835
7268984
For the year ended 31 December 2009
Turnover
178570273
177411949
Profit before tax
6,163,359
6,508,186
Profit after taxation
3,968,059
4,393,162
Dividends (interim & proposed)
3965614
4390016
Earnings per 50k share- (Basic) (Naira)
12
13
Dividend per 50k share (actual) (Naira)
12
13
Net assets per 50k share (actual) (Naira)
21
21
For the period ended 31 December 2009
Cash flows from operating activities
Cash receipts from customers
178,418,830
176,641,827
Cash paid to suppliers and employees
905,043,220
901,734,520
Cash generated from operations
9720226
4634523
Net value added taxes paid
1,073,046,851
1,073,212,601
Income taxes paid
1,071,702,155
1,072,547,974
Net cash provided by operating activities
6985584
2911450
Cash flows from investing activities
Finance leased assets
-179,961
-154,316
Purchase of fixed assets
1,071,122,594
1,071,375,642
Interest receivable and similar income
134,312
343,571
Long term prepayments
-370,012
-92,137
Proceeds from sale of fixed assets
63,440
84,971
Net cash provided by investing Activities
-2971451
-2184093
Cash flows from financing activities
Interest payable and similar charges
-516,497
-269,085
Additional finance lease and short term advances
166,376
259,192
Repayment of finance lease and short term advances
-96,294
1,071,640,116
Dividends paid
-4,254,208
1,070,278,701
Net cash provided by financing activities
-4700623
-5574724
Net decrease in cash and cash equivalents
-686,490
1,068,894,457
Cash and cash equivalents at 1 January
1,033,739
5,881,106
Cash and cash equivalents at 31 December
347249
1033739
Investment Valuation Ratios
Investment Valuation Ratios
Liquidity And Solvency Ratios
Long Term Debt Equity Ratio
Total Assets Turnover Ratio
Number of Days In Working Capital
Cash Flow Indicator Ratios