Ethiopian Electric Utility
Fiscal Year 2012 EC (2020/2021 GC)
Revenue
ETB 15.1B
Net Profit
ETB 1.5B
Total Assets
ETB 73.0B
Total Equity
ETB 57.5B
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
FY 2012 EC
| Item | Amount (ETB) |
|---|---|
| Revenue & Cost of Sales | |
| Revenue | 15,143,020,670 |
| Cost of sales (Power, Distribution, Substation) | -12,810,262,276 |
| Gross profit | 2,332,758,394 |
| Operating Income & Expenses | |
| Other operating income | 2,118,768,932 |
| Administration expense | -1,917,853,342 |
| Other operating expense | 17,971,731 |
| Impairment allowance | -138,160,569 |
| Operating profit | 2,413,485,145 |
| Finance & Tax | |
| Finance costs/charges | -907,834,775 |
| Profit before tax | 1,505,650,370 |
| Profit for the year | 1,505,650,370 |
| Total comprehensive income for the year | 1,505,650,370 |
Statement of Financial Position
As at end of FY 2012 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, plant and equipment | 42,990,594,532 |
| Forest assets | 246,523,367 |
| Intangible Asset | 1,095,929,391 |
| Right use of asset - Office | 37,383,020 |
| Advance and Prepayments | 4,671,312,782 |
| Investment in associate | 21,202,986 |
| Current Assets | |
| Cash and cash equivalents | 10,822,184,076 |
| Trade receivables | 4,493,852,864 |
| Other receivable | 411,904,421 |
| Inventories | 8,187,124,011 |
| Total | |
| Total assets | 72,978,011,451 |
| Equity | |
| Paid up capital | 44,763,102,402 |
| Legal reserve | 118,527,857 |
| Grant & Contribution | 1,582,370,754 |
| Other Reserve | -50,342,720 |
| Reserve for excess of deemed cost over book value | 11,123,966,881 |
| Total equity | 57,537,625,175 |
| Liabilities | |
| Total liabilities | 15,440,386,276 |
| Total equity and liabilities | 72,978,011,451 |
Cash Flow Statement
FY 2012 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Net cash flows from operating activities | 1,988,742,566 |
| Investing Activities | |
| Net cash flows used in investing activities | -2,704,562,967 |
| Financing Activities | |
| Net cash flows from financing activities | 2,764,414,883 |
| Net Change in Cash | 2,048,504,482 |
| Closing Cash & Equivalents | 10,822,184,077 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.