Ethiopian Airlines Group
Fiscal Year 2010 EC (2018/2019 GC)
Revenue
ETB 90.9B
Net Profit
ETB 6.6B
Total Assets
ETB 172.6B
Total Equity
ETB 55.5B
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 for the Year Ended 30 June 2018
FY 2010 EC
| Item | Amount (ETB) |
|---|---|
| Revenue | |
| Operating Revenue | 90,906,968,909 |
| Operating Expenses | -83,578,055,505 |
| Gross Operating Profit | 7,328,913,313 |
| Non-Operating Items | |
| Interest Income | 173,821,098 |
| Provision for Stock & Doubtful Debts | -411,729,385 |
| Borrowing Costs | -1,784,712,860 |
| Share of Loss from Associates | -13,260,746 |
| Gain (Loss) on Foreign Currency Translation | 469,852,268 |
| Non-Operating Revenue | 2,210,502,206 |
| Non-Operating Expense | -797,095,658 |
| Total Non-Operating Items | -152,623,077 |
| Profit | |
| Profit Before Tax | 7,176,290,237 |
| Income Tax Expense | -552,382,907 |
| Profit After Tax | 6,623,907,329 |
| Other Comprehensive Income | |
| Exchange Rate Difference on Translation to Presentation Currency | 6,030,042,935 |
| Actuarial Gain (Loss) on Employee Benefit | -26,007,572 |
| Total Comprehensive Income for the Year | 12,627,942,692 |
Statement of Financial Position as at 30 June 2018
As at end of FY 2010 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, Plant and Equipment | 120,911,367,601 |
| Intangible Assets | 190,652,142 |
| Investment in Associates | 31,001,545 |
| Treasury Bonds | 875,378,328 |
| Standing Deposits | 12,604,692,157 |
| Other Loan Receivables | 309,104,239 |
| Total Non-Current Assets | 134,922,196,012 |
| Current Assets | |
| Stock | 4,069,740,619 |
| Trade and Other Receivables | 17,554,258,043 |
| Short Term Investments | 217,567,647 |
| Cash and Cash Equivalents | 15,822,262,808 |
| Total Current Assets | 37,663,829,117 |
| Total Assets | |
| Total Assets | 172,586,025,129 |
| Equity | |
| Paid Up Capital | 47,615,547,717 |
| Other Comprehensive Income | 7,845,351,195 |
| Total Equity | 55,460,898,912 |
| Non-Current Liabilities | |
| Long Term Loans | 71,860,353,133 |
| Provision for Maintenance | 346,017,710 |
| Employee Benefit Obligation | 205,955,912 |
| Deferred Tax | 2,251,733,883 |
| Deferred and Non-Current Liabilities | 896,429,415 |
| Total Non-Current Liabilities | 75,560,490,054 |
| Current Liabilities | |
| Trade and Other Liabilities | 12,265,480,371 |
| Unearned Transportation | 19,164,695,985 |
| Income Tax Payable | 512,553,700 |
| State Dividend Payable | 1,173,756,574 |
| Current Maturity of Long Term Loans | 8,448,149,533 |
| Total Current Liabilities | 41,564,636,163 |
| Total Liabilities and Equity | |
| Total Liabilities | 117,125,126,217 |
| Total Equity and Liabilities | 172,586,025,129 |
Cash Flow Statement
FY 2010 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit for the Year | 6,623,907,329 |
| Income Tax Recognized in Profit or Loss | 552,382,907 |
| Finance Costs Recognized in Profit or Loss | 1,784,712,860 |
| Interest Income Recognized in Profit or Loss | -173,821,098 |
| Depreciation and Amortization | 7,800,830,036 |
| Amortization of Purchase Incentives | -542,832,585 |
| Loss on Currency Fluctuation on Loans | 715,418,928 |
| Provision for Doubtful Debts | 280,798,771 |
| Provision for Stock Obsolescence & Stock Written Off | 130,930,614 |
| Share of Loss from Associate | 13,260,746 |
| Provision for Maintenance | 273,840,413 |
| Creditors Accounts Written Back to Profit or Loss | -340,396,325 |
| Operating Cash Before Working Capital Changes | 17,119,032,597 |
| Increase in Stock | -911,684,027 |
| Increase in Debtors and Prepayments | -6,127,774,390 |
| Increase in Standing Deposits | -2,518,821,089 |
| Increase in Creditors | 4,115,460,530 |
| Increase in Unearned Transportation | 6,640,459,812 |
| Increase/(Decrease) in Deferred & Non-Current Liabilities | 333,657,916 |
| Cash Generated from Operations | 18,650,331,348 |
| Interest Paid | -1,746,505,928 |
| Income Tax Paid | -333,284,840 |
| Net Cash Generated from Operating Activities | 16,570,540,580 |
| Investing Activities | |
| Interest Received | 153,784,969 |
| Proceed from Matured Treasury Bond | 192,983,042 |
| Payments for Property, Plant and Equipment | -2,303,962,204 |
| Payment for Investment in Associate | -588,472 |
| Payment for Short Term Investment | -165,533,629 |
| Payment for Intangible Assets | -165,614,624 |
| Net Cash Used in Investing Activities | -2,288,932,918 |
| Financing Activities | |
| Cash from Business Acquired | 1,221,237,298 |
| Proceed from Government Subsidy | 222,817,073 |
| Proceeds from Borrowings | 1,235,671,698 |
| Repayment of Borrowings | -8,574,857,960 |
| Net Cash Used in Financing Activities | -5,895,131,891 |
| Net Change in Cash | 5,985,648,802 |
| Closing Cash & Equivalents | 15,822,262,808 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.