Ethio Telecom

Fiscal Year 2013 EC (2021/2022 GC)

Unmodified

Revenue

ETB 55.5B

Net Profit

ETB 5.6B

Total Assets

ETB 77.2B

Total Equity

ETB 884.6M

Key income statement items

Net cash from each activity

Breakdown of total assets

FY 2013 EC

Item	Amount (ETB)
Revenue
Revenue from contracts with customers	55,499,196,000
Direct costs
Operating expenses	-6,593,213,000
Net impairment losses on financial and contract assets	-19,415,473,000
Other income (expense)	-713,997,000
Other income	73,273,000
Earnings before interest, taxes, depreciation and amortization (EBITDA)	28,849,786,000
Depreciation and Amortization
Depreciation of property, plant and equipment	-5,488,176,000
Depreciation charge of right of use asset	-241,722,000
Amortization intangible assets	-623,141,000
Total depreciation and amortization	-6,353,039,000
Operating profit	22,496,747,000
Finance
Finance income	222,052,000
Finance costs	-10,191,041,000
Finance costs - net	-9,968,989,000
Profit and Tax
Profit / (loss) before income tax	12,527,758,000
Income tax (expense) / credit	-6,944,531,000
Profit / (loss) after tax	5,583,227,000
Other comprehensive income (OCI) net on income tax
Remeasurement gain/(loss) on post employment benefits obligations	96,884,000
Deferred tax (liability)/asset on remeasurement gain or loss	-29,065,000
Total other comprehensive income	67,819,000
Total comprehensive income (loss) for the period	5,651,046,000

As at end of FY 2013 EC

Item	Amount (ETB)
Non-current assets
Property, plant and equipment	33,286,458,000
Intangible assets	985,374,000
Other assets	1,354,309,000
Other financial assets at amortised cost	6,846,000
Notes receivable at amortised cost	7,127,568,000
Investment securities at amortised cost	497,183,000
Deferred tax assets	1,990,697,000
Total non-current assets	45,248,435,000
Current assets
Inventories	5,930,403,000
Other assets	2,254,973,000
Trade receivables	8,095,586,000
Other financial assets at amortised cost	92,887,000
Notes receivable at amortised cost	3,465,000
Investment securities at amortised cost	398,456,000
Cash and cash equivalents	15,194,080,000
Total current assets	31,969,850,000
Total
Total assets	77,218,285,000
Non-current liabilities
Borrowings	22,898,052,000
Provisions	47,858,000
Lease liabilities	631,685,000
Grants	563,000
Deferred tax liabilities	589,152,000
Total non-current liabilities	24,167,310,000
Current liabilities
Borrowings	7,676,488,000
Contract liabilities	7,311,726,000
Trade and other payables	25,084,328,000
Lease liabilities	3,199,000
Grants	195,703,000
Defined benefit liabilities	45,000
Dividend payable	58,090,000
Provisions	5,304,066,000
Current income tax	6,534,771,000
Total current liabilities	52,166,416,000
Total liabilities
Total liabilities	76,333,725,000
Equity
Capital	4,749,719,000
Retained earnings	-4,790,941,000
Legal reserve	949,944,000
Other reserves	-24,162,000
Total equity	884,560,000
Total equity and liabilities
Total equity and liabilities	77,218,285,000

FY 2013 EC

Item	Amount (ETB)
Operating Activities
Cash generated from operations	32,282,876,000
Interest income received	205,028,000
Interest expense paid	-606,360,000
Income tax paid	-8,841,181,000
Arrear tax paid	-9,990,128,000
Net cash (outflow)/inflow from operating activities	13,050,235,000
Investing Activities
Sale of placements with financial institutions	2,150,000,000
Purchase of intangible assets	-23,388,000
Purchase of property, plant and equipment	-2,867,869,000
Payment for right of use assets	-6,979,000
Proceeds from sale of property, plant and equipment	73,092,000
Net cash (outflow)/inflow from investing activities	-675,143,000
Financing Activities
Repayments of borrowings	-8,744,224,000
Principal elements of lease payments	-310,268,000
Payment to Ministry of Finance	-1,000,000,000
Net cash (outflow)/inflow from financing activities	-10,054,492,000
Net Change in Cash	2,320,600,000
Closing Cash & Equivalents	15,194,080,000

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