Ethiopian Agricultural Businesses Corporation
Fiscal Year 2015 EC (2023/2024 GC)
Revenue
ETB 10.8B
Net Profit
ETB 904.8M
Total Assets
ETB 11.2B
Total Equity
ETB 4.6B
Profit Breakdown
Key income statement items
Cash Flow Activities
Net cash from each activity
Asset Composition
Breakdown of total assets
Statement of Profit or Loss and Other Comprehensive Income
FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Revenue | |
| Revenue | 10,845,875,497 |
| Cost of Sales | -8,413,508,629 |
| Gross Profit | 2,432,366,868 |
| Operating Expenses | |
| Other Income | 314,048,393 |
| Selling and Distribution Expenses | -505,103,218 |
| General and Administrative Expenses | -665,765,001 |
| Operating Profit | 1,575,547,042 |
| Finance and Other | |
| Finance Cost | -284,989,499 |
| Profit Before Tax | 1,290,557,543 |
| Taxation | |
| Income Tax Expense | -385,785,866 |
| Profit for the Year | 904,771,677 |
| Other Comprehensive Income - Actuarial Loss | -8,003,908 |
| Total Comprehensive Income for the Year | 896,767,769 |
Statement of Financial Position
As at end of FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, Plant and Equipment | 5,293,671,937 |
| Intangible Assets | 714,320 |
| Biological Assets | 46,810,610 |
| Right of Use Assets | 8,458,006 |
| Total Non-Current Assets | 5,349,654,873 |
| Current Assets | |
| Inventories | 2,752,831,028 |
| Trade and Other Receivables | 1,779,027,076 |
| Other Current Assets | 175,757,430 |
| Cash and Cash Equivalents | 1,104,069,655 |
| Total Current Assets | 5,811,685,189 |
| Total Assets | |
| Total Assets | 11,161,340,062 |
| Equity | |
| Share Capital | 2,666,667,000 |
| Retained Earnings | 1,558,662,606 |
| Legal Reserve | 243,879,574 |
| Other Components of Equity | 118,973,523 |
| Total Equity | 4,588,182,703 |
| Non-Current Liabilities | |
| Long Term Borrowings | 1,414,849,697 |
| Employee Benefit Obligations | 108,403,474 |
| Deferred Tax Liability | 72,023,430 |
| Lease Liabilities - Non-Current | 5,610,403 |
| Total Non-Current Liabilities | 1,600,887,004 |
| Current Liabilities | |
| Trade and Other Payables | 2,144,752,068 |
| Short-term Borrowings | 1,504,735,498 |
| Current Tax Liability | 343,736,710 |
| Dividend Payable | 575,942,651 |
| Provisions | 173,267,696 |
| Lease Liabilities - Current | 3,043,428 |
| Bank Overdraft | 206,792,304 |
| Total Current Liabilities | 4,972,270,355 |
| Total Liabilities and Equity | |
| Total Liabilities | 6,573,157,359 |
| Total Equity and Liabilities | 11,161,340,062 |
Cash Flow Statement
FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit Before Tax | 1,290,557,543 |
| Depreciation and Amortization | 285,773,261 |
| Finance Cost | 284,989,499 |
| Loss on Disposal of Property, Plant and Equipment | 1,834,917 |
| Impairment of Trade Receivables | 37,820,072 |
| Employee Benefit Obligations | 22,009,757 |
| Operating Profit Before Working Capital Changes | 1,922,985,049 |
| (Increase)/Decrease in Inventories | -330,917,746 |
| (Increase)/Decrease in Trade and Other Receivables | 369,247,003 |
| (Increase)/Decrease in Other Current Assets | -60,541,966 |
| Increase/(Decrease) in Trade and Other Payables | 444,098,791 |
| Increase/(Decrease) in Provisions | 78,804,574 |
| Cash Generated from Operations | 2,423,675,705 |
| Income Tax Paid | -343,254,620 |
| Net Cash from Operating Activities | 2,080,421,085 |
| Investing Activities | |
| Purchase of Property, Plant and Equipment | -1,004,651,685 |
| Purchase of Biological Assets | -2,508,525 |
| Purchase of Intangible Assets | -714,320 |
| Net Cash Used in Investing Activities | -1,007,874,530 |
| Financing Activities | |
| Proceeds from Borrowings | 1,400,000,000 |
| Repayment of Borrowings | -1,690,927,458 |
| Lease Payment | -3,338,453 |
| Interest Paid | -284,989,499 |
| Dividends Paid | -453,050,093 |
| Net Cash Used in Financing Activities | -1,032,305,503 |
| Net Change in Cash | 40,241,052 |
| Closing Cash & Equivalents | 897,277,351 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.