Ethiopian Agricultural Businesses Corporation

Fiscal Year 2013 EC (2021/2022 GC)

Unmodified

Revenue

ETB 4.0B

Net Profit

ETB 91.3M

Total Assets

ETB 7.9B

Total Equity

ETB 2.1B

Key income statement items

Net cash from each activity

Breakdown of total assets

FY 2013 EC

Item	Amount (ETB)
Revenue
Operating Revenues	3,992,379,755
Cost of Sales	-3,465,954,012
Gross Operating Profit	526,425,743
Operating Expenses
Other Income	113,903,935
Selling and Distribution Expense	-95,848,699
General Administration Expenses	-356,065,386
Total Expenses	-451,914,084
Operating Profit	188,415,593
Finance and Other
Finance Cost-net	-8,620,137
Profit Before Tax	179,795,456
Taxation
Provision for Tax	-88,515,283
Profit (loss) for the Year	91,280,173
Other Comprehensive Income
Profit (loss) for the Year	91,280,173
Revaluation of Property, Plant and Equipment	0
Remeasurement Gain/(Loss) on Retirement Benefits Obligations	-746,750
Deferred Tax (Liability)/Asset on Remeasurement Gain or Loss	224,025
Other Comprehensive Income, Net of Tax	-522,725
Total Comprehensive Income	90,757,448

As at end of FY 2013 EC

Item	Amount (ETB)
Non-Current Assets
Property, Plant and Equipment	1,047,320,142
Intangible Assets	6,191,175
Long Term Investment	0
Deferred Tax Asset	56,149,028
Total Non-Current Assets	1,109,660,345
Current Assets
Non-Current Assets Held For Sell	483,999
Stock and GIT	2,694,088,826
Future Crops	9,985,427
Trade and Other Receivables	3,031,807,322
Cash and Cash Equivalents	1,007,174,607
Total Current Assets	6,743,540,182
Total Assets
Total Assets	7,853,200,527
Equity
Paid up Capital	2,440,000,000
Legal Reserve	19,122,554
Retained Earnings	-370,123,479
Total Equity	2,088,999,076
Non-Current Liabilities
Long Term Loan	332,193,537
Employee Benefit Obligations	8,369,735
Deferred Tax Liability	0
Total Non-Current Liabilities	340,563,272
Current Liabilities
Trade and Other Payables	5,072,014,796
Inter Branch and Head Office Accounts	-45,149,703
Employee Benefit Obligations	59,160,822
Provisions for Contingent Liability	82,962,121
Deferred Income	2,983,945
Overdraft Facility	0
Provision for Tax	251,666,199
Loans Repayable Within 12 Months	0
Total Current Liabilities	5,423,638,180
Total Liabilities and Equity
Total Liabilities	5,764,201,452
Total Equity and Liabilities	7,853,200,527

FY 2013 EC

Item	Amount (ETB)
Operating Activities
Profit Before Tax	179,795,456
Less: Gain on Sale of Equipment	-9,061,310
Less: Fixed Asset Adjustment	35,500,598
Less: Prior Year Tax Adjustments	0
Add: Accounts Written-off During the Year	0
Add: Depreciation	75,632,666
Add: Long Term Employee Benefit	2,009,237
Decrease (Increase) in Trade and Other Receivables	-793,574,068
Decrease (Increase) in Inventories and Future Crops	16,239,359
Increase (Decrease) in Trade and Other Payables	478,500,443
Increase (Decrease) in Deferred Income	2,983,945
Decrease/Increase in Short Term Employee Benefits	18,471,357
Long Term Employee Benefit Paid	-1,354,257
Profit Taxes Paid	-383,986,390
Withholding Tax Paid	-20,345,889
Net Cash from (Used in) Operating Activities	-399,188,852
Investing Activities
Reduction (due to Adjustment)/Addition of Fixed Assets	-35,500,598
Expenditure for PPE and Intangible Assets	-181,103,675
Dividends Received from Investments	0
Proceeds from Sale of Non-current Assets	9,061,310
Net Cash from (Used in) Investing Activities	-207,542,964
Financing Activities
Add: Inter Branch Head Office Accounts	0
Add: Loans Received	69,321,882
Net Cash from (Used in) Financing Activities	69,321,882
Net Change in Cash	-537,409,933
Closing Cash & Equivalents	1,009,990,619

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