Educational Materials Production and Distribution Enterprise

Fiscal Year 2017 EC (2025/2026 GC)

Qualified

Revenue

ETB 610.9M

Net Profit

ETB 52.1M

Total Assets

ETB 1.3B

Total Equity

ETB 263.4M

Key income statement items

Net cash from each activity

Breakdown of total assets

FY 2017 EC

Item	Amount (ETB)
Revenue
Revenue	610,924,180
Cost of Sales	-374,522,229
Gross Profit	236,401,951
Operating Expenses
Other Income	22,765,653
Selling and Distribution Expenses	-20,138,848
General and Administrative Expenses	-125,756,226
Operating Profit	113,272,530
Finance and Other
Finance Cost	-4,972,063
Profit Before VAT	108,300,467
VAT Expense	-27,511,502
Profit Before Tax	80,788,965
Taxation
Income Tax Expense	-28,706,348
Profit After Tax	52,082,616
Other Comprehensive Income	0
Total Comprehensive Income for the Year	52,082,616

As at end of FY 2017 EC

Item	Amount (ETB)
Non-Current Assets
Property, Plant and Equipment	563,326,674
Investment	115,843,973
Total Non-Current Assets	679,170,647
Current Assets
Inventories	460,887,313
Trade and Other Receivables	168,932,143
Cash and Cash Equivalents	17,666,531
Total Current Assets	647,485,988
Total Assets
Total Assets	1,326,656,634
Equity
State Paid-up Capital	114,948,683
Retained Earnings	103,125,787
Legal Reserve	25,977,036
Other Components of Equity	19,306,841
Total Equity	263,358,348
Non-Current Liabilities
Loans and Borrowings	0
Non-Current Portion of Trade Creditor	0
State Dividend Payable (Long-term)	267,343,970
Deferred Tax Liabilities	38,140,874
Total Non-Current Liabilities	305,484,844
Current Liabilities
Current Tax Payable	16,929,902
Trade and Other Payables	172,175,151
State Dividend Payable	152,155,088
Industrial Development Fund	416,553,301
Total Current Liabilities	757,813,441
Total Liabilities and Equity
Total Liabilities	1,063,298,286
Total Equity and Liabilities	1,326,656,634

FY 2017 EC

Item	Amount (ETB)
Operating Activities
Profit Before Taxation	80,788,965
Depreciation for Tangible Assets	19,053,639
(Increase)/Decrease in Receivables	83,641,211
Withholding Receivable	-11,776,446
(Increase)/Decrease in Inventories	79,866,987
Increase/(Decrease) in Payables	44,388,326
Cash Generated from Operations	295,962,681
Interest Paid	-1,144,680
Income Taxes Paid	-114,455,503
Prior Year Tax Paid	0
Net Cash from Operating Activities	180,362,497
Investing Activities
Investment	-54,707,215
Purchase of Property, Plant, Equipment and Investment	-187,572,918
Net Cash Used in Investing Activities	-242,280,133
Financing Activities
Proceeds from Long-term Borrowings	0
Payment of Short-term Borrowings	-64,397,995
Dividends Paid/Drawings	-80,183,047
Net Cash Used in Financing Activities	-144,581,042
Net Change in Cash	-206,498,677
Closing Cash & Equivalents	17,666,531

#1

Trade payable balance long outstanding

Amount: ETB 3.8M

#2

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

Amount: ETB 19.8M

Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.