Publishing Fiscal year ends Sene 30

Educational Materials Production and Distribution Enterprise

Produces and distributes educational materials including textbooks and teaching aids for schools across Ethiopia.

Qualified (2017)

Revenue

ETB 610.9M

FY 2017

Net Profit

ETB 52.1M

Profit

Total Assets

ETB 1.3B

FY 2017

Total Equity

ETB 263.4M

Revenue & Profitability

Revenue, cost of sales, and net profit over time

Balance Sheet

Total assets, liabilities, and equity over time

Audit Opinion Timeline

U
2015 Unmodified
U
2016 Unmodified
Q
2017 Qualified

Key Audit Findings

Basis for qualified opinion from the latest audit report

#1

Trade payable balance long outstanding

Trade payable balance long outstanding

Amount: ETB 3.8M

#2

Direct debtor confirmation request not responded (related to sales in June 2024)

Direct debtor confirmation request not responded (related to sales in June 2024)

Amount: ETB 19.8M

Financial Summary

All figures in Ethiopian Birr (ETB).

Year Revenue Net Profit Total Assets Total Liabilities Equity Opinion
2015 ETB 979.7M ETB 261.8M ETB 1.3B ETB 1.0B ETB 321.2M Unmodified Details
2016 ETB 1.2B ETB 286.4M ETB 1.4B ETB 1.2B ETB 294.0M Unmodified Details
2017 ETB 610.9M ETB 52.1M ETB 1.3B ETB 1.1B ETB 263.4M Qualified Details