Ethiopian Toll Roads Enterprise
Fiscal Year 2016 EC (2024/2025 GC)
Revenue
ETB 937.1M
Net Profit
ETB 408.4M
Total Assets
ETB 1.6B
Total Equity
ETB 1.3B
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 Sene 2016
FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Revenue | |
| Toll Fee | 909,237,385 |
| Other Income | 27,850,396 |
| Total Revenue | 937,087,780 |
| Expenses | |
| Personnel Expense | -211,210,247 |
| Other Operating Expenses | -256,004,616 |
| Total Expense | -467,214,863 |
| Profit | |
| Operating Profit | 469,872,918 |
| Interest Income | 84,383,711 |
| Profit Before Tax | 554,256,629 |
| Income Tax Expense | -145,853,654 |
| Profit for the Year | 408,402,975 |
| Other Comprehensive Income | |
| Remeasurement Gain/(Loss) on Retirement Benefits Obligations | -2,488,745 |
| Deferred Tax (Liability)/Asset on Remeasurement Gain or Loss | 746,624 |
| Other Comprehensive Income, Net of Tax | -1,742,122 |
| Total Comprehensive Income | 406,660,853 |
Statement of Financial Position as at 30 Sene 2016
As at end of FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, Plant and Equipment | 264,892,729 |
| Intangible Assets | 2,720,600 |
| Deferred Tax Asset | 14,664,190 |
| Total Non-Current Assets | 282,277,519 |
| Current Assets | |
| Inventories | 83,589,375 |
| Trade and Other Receivables | 77,306,082 |
| Withholding Tax Receivable | 201,312 |
| Cash Balance at Escrow Bank Account | 359,562,382 |
| Cash and Cash Equivalents | 844,551,907 |
| Total Current Assets | 1,365,211,058 |
| Total Assets | |
| Total Assets | 1,647,488,578 |
| Equity | |
| Paid up Capital | 125,836,250 |
| Retained Earnings | 1,194,329,401 |
| Legal Reserve | 25,167,250 |
| Other Comprehensive Income | -2,758,164 |
| Total Equity | 1,342,574,736 |
| Non-Current Liabilities | |
| Severance and Compensation Pay | 26,989,271 |
| Total Non-Current Liabilities | 26,989,271 |
| Current Liabilities | |
| Trade and Other Payables | 115,568,716 |
| Provision for Annual Leave | 8,574,821 |
| Current Tax Liabilities | 153,781,034 |
| Total Current Liabilities | 277,924,571 |
| Total Liabilities and Equity | |
| Total Liabilities | 304,913,842 |
| Total Equity and Liabilities | 1,647,488,578 |
Cash Flow Statement
FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit Before Tax | 554,256,629 |
| Depreciation | 29,023,584 |
| Amortization | 504,658 |
| Current Service Cost | 1,067,806 |
| Interest Expense | 4,912,672 |
| Severance Paid | -580,691 |
| Interest Income | -84,383,711 |
| Trade and Other Receivables | -56,422,196 |
| Inventories | 9,261,966 |
| Trade and Other Payables | 25,006,309 |
| Provisions | 1,742,785 |
| Cash Receipts from Interest on Bank Deposits | 84,383,711 |
| Profit Tax Paid During the Year | -104,634,025 |
| Prior Period Taxes Paid | -175,411,266 |
| Withholding Tax Paid | -201,312 |
| Net Cash from Operating Activities | 288,526,919 |
| Investing Activities | |
| Cash Payment (Transfer) to/from Escrow Bank Account | -23,102,047 |
| Additions to Fixed Assets | -87,963,625 |
| Net Cash Used in Investing Activities | -111,065,672 |
| Net Change in Cash | 177,461,247 |
| Closing Cash & Equivalents | 844,551,907 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.