Ethiopian Electric Utility
Fiscal Year 2011 EC (2019/2020 GC)
Revenue
ETB 11.3B
Net Profit
ETB 785.7M
Total Assets
N/A
Total Equity
N/A
Profit Breakdown
Key income statement items
Cash Flow Activities
Net cash from each activity
Statement of Profit or Loss and Other Comprehensive Income
FY 2011 EC
| Item | Amount (ETB) |
|---|---|
| Revenue & Cost of Sales | |
| Revenue | 11,315,603,383 |
| Cost of sales (Power, Distribution, Substation and Transmission) | -10,382,961,317 |
| Gross profit | 932,642,066 |
| Operating Income & Expenses | |
| Other operating income | 1,375,663,130 |
| Administration expense | -1,029,424,706 |
| Other operating expense | -12,503,297 |
| Impairment allowance | 34,916,718 |
| Operating profit | 1,231,460,474 |
| Finance & Tax | |
| Finance costs/charges | -445,810,362 |
| Profit before tax | 785,650,113 |
| Profit for the year | 785,650,113 |
| Total comprehensive income for the year | 752,888,393 |
Balance Sheet
Not available for this year.
Cash Flow Statement
FY 2011 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit before tax | 785,650,113 |
| Depreciation and impairment of property, plant and equipment | 3,686,663,565 |
| Amortization of the right use of assets | 16,139,236 |
| Amortization of intangible assets | 496,437 |
| Impairment of financial asset | 34,916,718 |
| Severance expense (Current service cost and interest) | 79,985,000 |
| Interest expense | 385,482,362 |
| Foreign exchange loss | 84,189,600 |
| Decrease in trade, other receivables, and receivable from EEP | -302,207,430 |
| Increase in advance and prepayment | 275,518,744 |
| Decrease in inventories | -197,631,418 |
| Decrease in trade and other payables including payable to EEP | -642,175,511 |
| Increase in contract liability | -856,458,139 |
| Increase in customer deposit | 277,811,719 |
| Decrease in contractors retention | -6,847,923 |
| Interest paid | -385,482,362 |
| Net cash flows from operating activities | 3,236,050,712 |
| Investing Activities | |
| Purchase of property, plant and equipment | -2,269,217,668 |
| Purchase of intangible asset | -158,966,602 |
| Income from investment in associate | 3,913,734 |
| Net cash flows used in investing activities | -2,424,270,537 |
| Financing Activities | |
| Capital and grant contribution | 275,519,242 |
| Proceeds from borrowings (loan, Bond and supplier Credit) | 2,250,906,456 |
| Repayment of borrowings (loan, Bond and supplier Credit) | -408,632,684 |
| Payment for additional leased asset | -15,314,203 |
| Net cash flows from financing activities | 2,102,478,811 |
| Net Change in Cash | 2,914,258,986 |
| Closing Cash & Equivalents | 8,773,589,595 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.