Ethiopian Airlines Group
Fiscal Year 2012 EC (2020/2021 GC)
Revenue
ETB 120.1B
Net Profit
ETB 7.2B
Total Assets
ETB 370.0B
Total Equity
ETB 119.9B
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 2020
FY 2012 EC
| Item | Amount (ETB) |
|---|---|
| Revenue | |
| Operating Revenue | 120,131,762,011 |
| Operating Expenses | -106,688,741,090 |
| Gross Operating Profit | 13,443,020,921 |
| Non-Operating Items | |
| Interest Income | 156,417,647 |
| Provision for Stock & Receivables | -148,476,649 |
| Borrowing Costs | -3,259,542,789 |
| Gain / (Loss) On Foreign Currency Translation | -40,076,144 |
| Share Of Loss In Associates | -162,736,688 |
| Non-Operating Revenue | 1,091,896,331 |
| Non-Operating Expenses | -3,841,023,997 |
| Non-Operating Gain (Loss) | -6,203,542,290 |
| Profit | |
| Profit for the Year | 7,239,478,631 |
| Income Tax | 0 |
| Profit After Tax | 7,239,478,631 |
| Other Comprehensive Income | |
| Exchange Rate Difference On Translation To Presentation Currency | 11,447,680,375 |
| Employee Benefits | 80,735,615 |
| Total Other Comprehensive Income | 11,528,415,990 |
| Total Comprehensive Income for the Year | 18,767,894,621 |
Statement of Financial Position as at 30 June 2020
As at end of FY 2012 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, Plant and Equipment | 208,039,709,357 |
| Intangible Assets | 208,274,212 |
| Right of Use Asset - Aircraft and Engine | 101,660,545,066 |
| Investment in Associates | 679,621,685 |
| Treasury Bond | 0 |
| Standing Deposits | 14,440,967,183 |
| Other Loan Receivables | 485,326,884 |
| Total Non-Current Assets | 325,514,444,387 |
| Current Assets | |
| Stock | 6,514,499,341 |
| Trade and Other Receivables | 19,128,121,173 |
| Short Term Investments | 1,679,810,839 |
| Cash and Cash Equivalents | 17,129,005,132 |
| Total Current Assets | 44,451,436,485 |
| Total Assets | |
| Total Assets | 369,965,880,872 |
| Equity | |
| Paid Up Capital | 97,742,793,895 |
| Other Comprehensive Income | 22,182,094,890 |
| Total Equity | 119,924,888,785 |
| Non-Current Liabilities | |
| Long Term Loans | 89,472,803,316 |
| Provision for Maintenance | 1,377,127,013 |
| Lease Liability - Aircraft & Engine Lease | 92,127,102,064 |
| Employee Benefit | 477,942,719 |
| Deferred and Non-Current Liabilities | 1,200,227,818 |
| Total Non-Current Liabilities | 184,655,202,930 |
| Current Liabilities | |
| Trade and Other Liabilities | 16,403,349,810 |
| Contract Liability | 21,047,015,322 |
| Income Tax Payable | 0 |
| State Dividend Payable Current Portion | 110,131,034 |
| Current Maturity of Finance Lease Obligation | 12,373,480,965 |
| Current Maturity of Long Term Loans | 15,451,812,026 |
| Total Current Liabilities | 65,385,789,157 |
| Total Liabilities and Equity | |
| Total Liabilities | 250,040,992,087 |
| Total Equity and Liabilities | 369,965,880,872 |
Cash Flow Statement
FY 2012 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit for the Year | 7,239,478,631 |
| Finance Costs Recognized in Profit or Loss | 3,343,017,475 |
| Interest Income Recognized in Profit or Loss | -156,417,646 |
| Depreciation and Amortization | 24,565,382,670 |
| Amortization of Purchase Incentives | -473,756,002 |
| Loss on Currency Fluctuations on Loans | -96,201,193 |
| Provision for Doubtful Debts | -74,520,699 |
| Provision for Stock Obsolescence | 117,816,167 |
| Share of Loss from Associate | 162,736,688 |
| Provision for Maintenance | 644,970,243 |
| Creditors' Accounts Written Back to Profit or Loss | -1,465,087 |
| Operating Cash Before Working Capital Changes | 35,271,041,248 |
| Increase in Stock | -2,170,553,327 |
| Decrease/(Increase) in Trade and Other Receivables | 5,203,495,585 |
| Increase in Standing Deposits | -1,067,783,310 |
| Increase in Trade and Other Liabilities | 1,383,690,640 |
| Increase (Decrease) in Leased Assets Liability | 12,373,480,965 |
| Increase (Decrease) in Contract Liability | -1,145,025,242 |
| (Decrease)/Increase in Deferred and Non-Current Liabilities | 418,701,553 |
| Cash Generated from Operations | 50,167,048,112 |
| Interest Paid | -3,340,100,248 |
| Interest Paid on Leased Assets | -3,032,696,767 |
| Foreign Exchange Gain Received | -162,643 |
| Income Tax Paid | 0 |
| Net Cash Generated by Operating Activities | 43,794,088,454 |
| Investing Activities | |
| Interest Received | 113,810,365 |
| Treasury Bond | 0 |
| Payments for Property, Plant and Equipment | -9,901,133,672 |
| Payment for Investment in Associate | -187,113,720 |
| Payment for Short Term Investment | 1,493,213,080 |
| Payment for Intangible Assets | -183,473,939 |
| Net Cash Used in Investing Activities | -8,664,697,887 |
| Financing Activities | |
| Proceed from Government Subsidy | 190,691,351 |
| Proceeds from Borrowings | 0 |
| Payment for State Dividend | -385,458,596 |
| Payment for Leased Assets | -10,973,403,866 |
| Repayment of Borrowings | -16,733,217,019 |
| Net Cash Generated from Financing Activities | -27,901,388,130 |
| Net Change in Cash | 6,294,189,738 |
| Closing Cash & Equivalents | 17,129,005,132 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.