Ethio Telecom

Fiscal Year 2014 EC (2022/2023 GC)

Unmodified

Revenue

ETB 59.4B

Net Profit

ETB 9.0B

Total Assets

ETB 189.0B

Total Equity

ETB 101.6B

Key income statement items

Net cash from each activity

Breakdown of total assets

FY 2014 EC

Item	Amount (ETB)
Revenue and Other Income
Revenue from contracts with customers	59,448,361,000
Direct costs	-9,749,007,000
Operating expenses	-20,872,135,000
Net impairment losses on financial asset	271,868,000
Other income (expense)	2,315,166,000
EBITDA and Operating Profit
Earnings before interest, taxes, depreciation and amortization (EBITDA)	31,414,253,000
Depreciation of property, plant and equipment	-5,715,562,000
Depreciation charge of right of use asset	-342,402,000
Amortization intangible assets	-573,881,000
Operating profit	24,782,408,000
Finance Costs
Finance income	82,458,000
Finance costs	-7,030,963,000
Finance costs - net	-6,948,505,000
Profit
Profit before income tax	17,833,903,000
Income tax (expense) / credit	-8,834,321,000
Profit after tax	8,999,582,000
Other Comprehensive Income (OCI)
Remeasurement gain/(loss) on post employment benefits obligations	91,576,000
Deferred tax (liability)/asset on remeasurement gain or loss	-27,473,000
Total comprehensive income for the year	9,063,685,000

As at end of FY 2014 EC

Item	Amount (ETB)
Non-Current Assets
Property, plant and equipment	38,857,822,000
Right of use assets	961,266,000
Intangible assets	1,608,350,000
Other assets	171,000
Other financial assets at amortised cost	7,101,635,000
Notes receivable at amortised cost	—
Deferred tax Assets	3,931,220,000
Total non-current assets	52,460,464,000
Current Assets
Inventories	6,308,228,000
Other assets	2,366,469,000
Trade receivables	6,530,101,000
Other financial assets at amortised cost	92,510,752,000
Notes receivable at amortised cost	650,540,000
Investment securities at amortised cost	—
Cash and cash equivalents	28,191,157,000
Total current assets	136,557,247,000
Total Assets
Total assets	189,017,711,000
Non-Current Liabilities
Borrowings	20,576,144,000
Provisions	84,296,000
Lease liabilities	519,662,000
Grants	518,000
Defined benefit liabilities	640,151,000
Total non-current liabilities	21,820,771,000
Current Liabilities
Borrowings	6,702,921,000
Contract liabilities	6,968,799,000
Trade and other payables	38,824,823,000
Provisions	13,772,000
Lease liabilities	312,233,000
Grants	43,000
Defined benefit liabilities	69,206,000
Dividend payable	4,804,066,000
Current income tax	7,946,127,000
Total current liabilities	65,641,990,000
Total Liabilities
Total liabilities	87,462,761,000
Equity
Capital	100,000,000,000
Retained earnings	115,086,000
Legal reserve	1,399,923,000
Other reserves	39,941,000
Total equity	101,554,950,000
Total Equity and Liabilities
Total equity and liabilities	189,017,711,000

FY 2014 EC

Item	Amount (ETB)
Operating Activities
Cash generated from operations	44,665,627,000
Interest income received	75,218,000
Interest expense paid	-577,301,000
Income tax paid	-7,932,368,000
Arrear tax paid	-1,458,594,000
Net cash (outflow)/inflow from operating activities	34,772,582,000
Investing Activities
Sale of placements with financial institutions	400,000,000
Purchase of intangible assets	-147,360,000
Purchase of property, plant and equipment	-11,423,007,000
Payment for right of use assets	-8,356,000
Proceeds from sale of property, plant and equipment	148,970,000
Net cash (outflow)/inflow from investing activities	-11,029,753,000
Financing Activities
Repayments of borrowings	-8,283,127,000
Principal elements of lease payments	-317,421,000
Payment to Ministry of Finance	-500,000,000
Net cash (outflow)/inflow from financing activities	-9,100,548,000
Net Change in Cash	14,642,281,000
Closing Cash & Equivalents	28,191,157,000

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