Ethiopian Postal Service Enterprise
Fiscal Year 2016 EC (2024/2025 GC)
Revenue
ETB 1.5B
Net Profit
ETB 138.9M
Total Assets
ETB 2.2B
Total Equity
ETB 816.5M
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 2016 EC
| Item | Amount (ETB) |
|---|---|
| Revenue & Cost of Sales | |
| Revenue from contracts with customers | 1,464,192,652 |
| Direct costs | -606,963,755 |
| Gross profit | 857,228,897 |
| Operating Performance | |
| Operating expenses | -681,995,606 |
| Other operating income (expense) | 96,617,910 |
| EBITDA | 271,851,201 |
| Depreciation and amortization | -53,082,570 |
| EBIT | 218,768,631 |
| Finance & Tax | |
| Finance income/(cost) - net | 2,927,500 |
| Profit before income tax | 221,696,131 |
| Income tax expense | -82,794,261 |
| Profit after tax | 138,901,869 |
| Total comprehensive income | 138,901,869 |
Statement of Financial Position
As at end of FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, plant and equipment | 888,060,034 |
| Investment property | 357,039,641 |
| Intangible assets | 10,482,978 |
| Right-of-use assets | 1,343,746 |
| Deferred tax asset | 38,243,920 |
| Total non-current assets | 1,295,170,318 |
| Current Assets | |
| Inventories | 104,687,032 |
| Trade and other receivables | 383,844,264 |
| Sundry receivable | 137,972,265 |
| Other assets | 26,072,357 |
| Cash and cash equivalents | 259,862,715 |
| Total current assets | 912,438,633 |
| Total Assets | |
| Total assets | 2,207,608,951 |
| Non-Current Liabilities | |
| Defined benefit liability | 42,655,877 |
| Deferred tax liability | 121,189,557 |
| Trade and other payables | 869,078,530 |
| Lease liability | 1,361,463 |
| Grants | 4,256,504 |
| Retention payable | 19,797,868 |
| Total non-current liabilities | 1,058,339,800 |
| Current Liabilities | |
| Dividend payable | 132,661,226 |
| Loan payable | 85,226,929 |
| Taxes and other payables | 30,656,412 |
| Accrued annual leave | 28,625,451 |
| Lease liability | 84,555 |
| Current income tax liability | 55,519,170 |
| Total current liabilities | 332,773,742 |
| Total Liabilities | |
| Total liabilities | 1,391,113,542 |
| Equity | |
| Paid-up capital | 109,097,601 |
| Legal reserve | 21,819,520 |
| Revaluation reserve | 247,947,566 |
| Retained earnings | 437,630,722 |
| Total equity | 816,495,409 |
Cash Flow Statement
FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit before tax | 221,696,130 |
| Depreciation and amortization | 39,785,081 |
| Employee benefit | 10,350,105 |
| Expected credit loss | 16,822,457 |
| Gain/loss from sales of vehicle | -22,954,548 |
| Reversal for understatement of retained earnings | 47,116,762 |
| Subtotal before working capital | 248,877,763 |
| Change in stock | 18,708,566 |
| Change in debtors | -77,762,567 |
| Grant and retention payable | 2,906,856 |
| Change in creditors | 69,474,720 |
| Net change in working capital | 13,327,576 |
| Net cash from operating activities | 262,205,338 |
| Withholding tax paid | -3,354,783 |
| Income tax paid | -58,466,834 |
| Net cash from operations after tax | 200,383,722 |
| Investing Activities | |
| Proceeds from disposal of PPE | 22,954,847 |
| Purchase of property, plant and equipment | -284,833,868 |
| Net cash used in investing activities | -261,879,022 |
| Financing Activities | |
| Dividend paid | -58,609,807 |
| Lease | 82,035 |
| Loan payable | 85,226,929 |
| Net cash from financing activities | 26,699,156 |
| Net Change in Cash | -34,796,144 |
| Closing Cash & Equivalents | 259,862,715 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.