Ethio Telecom

Fiscal Year 2012 EC (2020/2021 GC)

Unmodified

Revenue

ETB 47.6B

Net Profit

ETB 9.5B

Total Assets

ETB 78.9B

Total Equity

ETB 11.5B

Key income statement items

Net cash from each activity

Breakdown of total assets

FY 2012 EC

Item	Amount (ETB)
Revenue
Revenue from contracts with customers	47,628,412,000
Operating Costs
Direct costs	-4,492,433,000
Operating expenses	-15,271,623,000
Net impairment losses on financial and contract assets	-89,465,000
Other income (expense)	848,660,000
Earnings before interest, taxes, depreciation and amortization (EBITDA)	28,623,551,000
Depreciation and Amortization
Depreciation of property, plant and equipment	-5,712,906,000
Depreciation charge of right of use asset	-168,879,000
Amortization intangible assets	-600,617,000
Total depreciation and amortization	-6,482,402,000
Operating Profit
Operating profit	22,141,149,000
Finance
Finance income	337,799,000
Finance costs	-7,960,608,000
Finance costs - net	-7,622,809,000
Profit
Profit / (loss) before income tax	14,518,340,000
Income tax (expense) / credit	-5,065,268,000
Profit / (loss) after tax	9,453,072,000
Other Comprehensive Income
Remeasurement gain/(loss) on post employment benefits obligations	-53,641,000
Deferred tax (liability)/asset on remeasurement gain or loss	16,092,000
Total other comprehensive income	-37,549,000
Total comprehensive income (loss) for the period	9,415,523,000

As at end of FY 2012 EC

Item	Amount (ETB)
Non-Current Assets
Property, plant and equipment	35,705,951,000
Right of use assets	749,256,000
Intangible assets	1,953,127,000
Other assets	25,298,000
Other financial assets at amortised cost	7,205,098,000
Notes receivable at amortised cost	638,743,000
Deferred tax assets	1,085,423,000
Total Non-Current Assets	47,362,896,000
Current Assets
Inventories	3,062,563,000
Other assets	1,932,546,000
Trade receivables	8,701,043,000
Other financial assets at amortised cost	109,371,000
Notes receivable at amortised cost	3,455,000
Investment securities at amortised cost	2,534,018,000
Cash and cash equivalents	15,172,911,000
Total Current Assets	31,515,907,000
Total Assets
Total assets	78,878,803,000
Non-Current Liabilities
Borrowings	24,353,615,000
Provisions	15,316,000
Lease liabilities	482,865,000
Grants	610,000
Deferred tax liabilities	—
Defined benefit liabilities	594,983,000
Total Non-Current Liabilities	25,447,389,000
Current Liabilities
Borrowings	8,119,350,000
Contract liabilities	7,438,510,000
Trade and other payables	18,601,534,000
Provisions	17,879,000
Lease liabilities	176,875,000
Grants	45,000
Defined benefit liabilities	52,428,000
Current income tax	7,497,085,000
Total Current Liabilities	41,903,706,000
Total Liabilities
Total liabilities	67,351,095,000
Equity
Capital	4,749,719,000
Retained earnings	5,920,026,000
Legal reserve	949,944,000
Other reserves	-91,981,000
Total equity	11,527,708,000
Total Equity and Liabilities
Total equity and liabilities	78,878,803,000

FY 2012 EC

Item	Amount (ETB)
Operating Activities
Cash generated from operations	27,302,462,000
Interest income received	321,280,000
Interest expense paid	-972,840,000
Income tax paid	-8,386,755,000
Net cash (outflow)/inflow from operating activities	18,264,148,000
Investing Activities
Sale of placements with financial institutions	250,000,000
Purchase of intangible assets	-17,416,000
Purchase of property, plant and equipment	-2,493,312,000
Payment for right of use assets	-12,311,000
Proceeds from sale of property, plant and equipment	155,866,000
Net cash (outflow)/inflow from investing activities	-2,117,173,000
Financing Activities
Repayments of borrowings	-7,315,238,000
Principal elements of lease payments	-183,630,000
Payment to Ethiopian Railways Corporation	-5,000,000,000
Net cash (outflow)/inflow from financing activities	-12,498,869,000
Net Change in Cash	3,648,106,000
Closing Cash & Equivalents	15,172,911,000

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