Ethio Telecom

Fiscal Year 2011 EC (2019/2020 GC)

Unmodified

Revenue

ETB 36.4B

Net Profit

ETB 6.3B

Total Assets

ETB 77.9B

Total Equity

ETB 7.1B

Key income statement items

Net cash from each activity

Breakdown of total assets

FY 2011 EC

Item	Amount (ETB)
Revenue
Revenue from contracts with customers	36,405,691,000
Cost and Expenses
Direct costs	-3,201,044,000
Operating expenses	-11,964,115,000
Net impairment losses on financial and contract assets	-281,990,000
Other income (expense)	413,765,000
EBITDA
Earnings before interest, taxes, depreciation and amortization (EBITDA)	21,372,307,000
Depreciation and Amortization
Depreciation of property, plant and equipment	-6,196,343,000
Depreciation charge of right of use asset	-127,925,000
Amortization intangible assets	-613,436,000
Total depreciation and amortization	-6,937,704,000
Operating Profit
Operating profit	14,434,603,000
Finance
Finance income	146,577,000
Finance costs	-4,027,542,000
Finance costs - net	-3,880,965,000
Profit
Profit / (loss) before income tax	10,553,638,000
Income tax (expense) / credit	-4,219,899,000
Profit / (loss) after tax	6,333,739,000
Other Comprehensive Income
Remeasurement gain/(loss) on post employment benefits obligations	-42,739,000
Deferred tax (liability)/asset on remeasurement gain or loss on post employment benefits obligations	12,822,000
Other comprehensive income net of tax	-29,917,000
Total comprehensive income (loss) for the period	6,303,822,000

As at end of FY 2011 EC

Item	Amount (ETB)
Non-Current Assets
Property, plant and equipment	38,455,632,000
Right of use assets	628,012,000
Intangible assets	1,937,469,000
Other assets	51,904,000
Other financial assets at amortised cost	7,308,919,000
Total non-current assets	48,381,936,000
Current Assets
Inventories	3,294,474,000
Other assets	2,806,865,000
Trade receivables	7,374,377,000
Other financial assets at amortised cost	131,566,000
Investment securities at amortised cost	3,438,078,000
Cash and cash equivalents	12,447,041,000
Total current assets	29,492,401,000
Total Assets
Total assets	77,874,337,000
Non-Current Liabilities
Borrowings	26,830,327,000
Provisions	11,217,000
Lease liabilities	422,907,000
Grants	660,000
Deferred tax liabilities	332,693,000
Defined benefit liabilities	479,964,000
Total non-current liabilities	28,077,768,000
Current Liabilities
Borrowings	7,332,337,000
Contract liabilities	7,136,634,000
Trade and other payables	18,598,735,000
Provisions	16,305,000
Lease liabilities	136,845,000
Grants	43,000
Defined benefit liabilities	46,938,000
Current income tax	9,416,546,000
Total current liabilities	42,684,383,000
Total Liabilities
Total liabilities	70,762,151,000
Equity
Capital	4,749,719,000
Retained earnings	1,466,954,000
Legal reserve	949,944,000
Other reserves	-54,432,000
Total equity	7,112,185,000
Total Equity and Liabilities
Total equity and liabilities	77,874,337,000

FY 2011 EC

Item	Amount (ETB)
Operating Activities
Cash generated from operations	23,434,783,000
Interest income received	107,137,000
Interest expense paid	-1,317,768,000
Income tax paid	-6,042,829,000
Net cash (outflow)/inflow from operating activities	16,181,323,000
Investing Activities
Purchase of investment securities	-2,500,000,000
Purchase of intangible assets	-17,157,000
Purchase of property, plant and equipment	-3,852,130,000
Payment for right of use assets	-8,298,000
Proceeds from sale of property, plant and equipment	117,956,000
Net cash (outflow)/inflow from investing activities	-6,259,629,000
Financing Activities
Repayments of borrowings	-6,511,669,000
Principal elements of lease payments	-117,744,000
Payment to Ethiopian Railways Corporation	-6,000,000,000
Net cash (outflow)/inflow from financing activities	-12,629,413,000
Net Change in Cash	-2,707,719,000
Closing Cash & Equivalents	12,447,041,000

Extracted from audited financial statements via OCR. Figures in Ethiopian Birr (originally reported in Birr'000).