Ethiopian Airlines Group
Fiscal Year 2015 EC (2023/2024 GC)
Revenue
ETB 332.3B
Net Profit
ETB 49.0B
Total Assets
ETB 670.2B
Total Equity
ETB 287.2B
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 2023
FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Revenue | |
| Revenue | 332,315,015,044 |
| Other Income | 8,985,619,395 |
| Operating Expense | -281,842,149,682 |
| Gross Operating Profit | 59,458,484,757 |
| Non-Operating Items | |
| Finance Income | 1,414,560,526 |
| Finance Costs | -9,325,511,433 |
| Gain/(Loss) on Foreign Currency Translation | -2,469,670,517 |
| Non-Operating Gain (Loss) | -10,380,621,424 |
| Profit | |
| Profit for the Year | 49,077,863,333 |
| Profit Tax | -100,199,949 |
| Profit After Tax | 48,977,663,384 |
| Other Comprehensive Income | |
| Gain (Loss) on Translation from Functional to Presentation Currency | 9,440,462,389 |
| Gain (Loss) on Employee Benefits | -37,762,868 |
| Total Comprehensive Income for the Year | 58,380,362,906 |
Statement of Financial Position as at 30 June 2023
As at end of FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, Plant and Equipment | 341,933,377,577 |
| Intangible Assets | 302,019,432 |
| Right of Use Assets | 136,587,648,647 |
| Investment in Associates | 1,552,202,339 |
| Standing Deposits | 26,793,759,669 |
| Employee Loan Receivables | 412,834,199 |
| Total Non-Current Assets | 507,581,841,863 |
| Current Assets | |
| Stock | 13,027,394,659 |
| Trade and Other Receivables | 47,258,393,258 |
| Employee Loan Receivables | 71,367,752 |
| Short Term Investments | 46,767,820,460 |
| Cash and Cash Equivalents | 55,497,823,588 |
| Total Current Assets | 162,622,799,717 |
| Total Assets | |
| Total Assets | 670,204,641,580 |
| Equity | |
| Paid Up Capital | 214,142,922,605 |
| Other Comprehensive Income | 73,062,148,831 |
| Total Equity | 287,205,071,436 |
| Non-Current Liabilities | |
| Long Term Loans | 117,911,125,253 |
| Provision for Maintenance | 2,455,271,365 |
| Lease Liabilities | 120,325,816,582 |
| Employee Benefit | 1,258,707,090 |
| Deferred Tax Liability | -6,604,560 |
| Deferred Liabilities | 2,301,061,045 |
| Total Non-Current Liabilities | 244,245,376,775 |
| Current Liabilities | |
| Trade and Others Payables | 30,960,913,374 |
| Contract Liabilities | 66,625,544,521 |
| Profit Tax Payable | 116,677,427 |
| Current Maturity of Lease Liabilities | 21,860,611,918 |
| Current Maturity of Long Term Loans | 19,190,446,129 |
| Total Current Liabilities | 138,754,193,369 |
| Total Liabilities and Equity | |
| Total Liabilities | 382,999,570,144 |
| Total Equity and Liabilities | 670,204,641,580 |
Cash Flow Statement
FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Net Cash Flows from Operating Activities | 108,866,345,331 |
| Investing Activities | |
| Interest Received | 1,309,966,248 |
| Payments for Property, Plant and Equipment | -18,017,055,606 |
| Change in Investment in Associates | -745,092,752 |
| Increase in Standing Deposits | -3,338,047,287 |
| Payment for Short Term Investment | -22,098,570,958 |
| Payment for Intangible Assets | -63,301,223 |
| Net Cash Used in Investing Activities | -42,952,101,579 |
| Financing Activities | |
| Proceed from Government Subsidy | 100,000,000 |
| Interest Paid on Lease Liabilities | -4,686,474,564 |
| Repayment for Lease Liabilities | -16,194,442,208 |
| Repayment of Borrowings | -29,344,736,336 |
| Net Cash Used in Financing Activities | -50,125,653,108 |
| Net Change in Cash | 13,629,217,165 |
| Closing Cash & Equivalents | 64,016,925,751 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.