Ethiopian Tourist Trading Enterprise
Fiscal Year 2014 EC (2022/2023 GC)
Revenue
ETB 747.2M
Net Profit
ETB 122.3M
Total Assets
ETB 998.0M
Total Equity
ETB 249.2M
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 2014 EC
| Item | Amount (ETB) |
|---|---|
| Revenue | |
| Revenue | 747,241,288 |
| Cost of Revenue | -448,685,202 |
| Gross Profit | 298,556,086 |
| Operating Expenses | |
| Other Income | 30,825,500 |
| Selling and Distribution | -66,775,634 |
| General and Administrative | -78,821,285 |
| Provision for Doubtful Debts | -1,925,009 |
| Total Operating Expenses | -147,521,928 |
| Operating Profit | 181,859,658 |
| Finance and Tax | |
| Borrowing Costs | -6,690,283 |
| Profit before Taxation | 175,169,375 |
| Income Tax Expense | -52,894,308 |
| Profit for the Year | 122,275,067 |
| Total Comprehensive Income | 122,275,067 |
Statement of Financial Position
As at end of FY 2014 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, Plant and Equipment | 113,140,023 |
| Right of Use Land | 123,305,096 |
| Investment in Shares | 170,000,000 |
| Intangible Assets | 89,832 |
| Total Non-Current Assets | 406,534,950 |
| Current Assets | |
| Inventories | 357,678,549 |
| Trade and Other Receivables | 21,404,765 |
| Cash and Cash Equivalents | 212,338,992 |
| Total Current Assets | 591,422,305 |
| Total Assets | |
| Total Assets | 997,957,256 |
| Equity | |
| Paid up Capital | 20,753,132 |
| Legal Reserve | 4,150,626 |
| Revaluation Reserve | 123,305,096 |
| Other Component of Equity | 47,582,501 |
| Reserve from IFRS Transition | 53,439,496 |
| Total Equity | 249,230,851 |
| Non-Current Liabilities | |
| Defined Benefit Obligation | 11,091,745 |
| Deferred Tax Liability | 1,668,745 |
| Government Loan | 170,000,000 |
| Total Non-Current Liabilities | 182,760,490 |
| Current Liabilities | |
| Trade and Other Payables | 120,247,234 |
| Bank Overdraft | 53,779,709 |
| State Dividend Payable | 193,990,770 |
| Industrial Development Fund | 129,388,566 |
| Profit Tax Payable | 68,559,635 |
| Total Current Liabilities | 565,965,915 |
| Total Liabilities and Equity | |
| Total Liabilities | 748,726,405 |
| Total Equity and Liabilities | 997,957,256 |
Cash Flow Statement
FY 2014 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit before Taxation | 175,169,375 |
| Finance Costs Recognized in Profit or Loss | 6,690,283 |
| Adjustment on Fixed Asset | -5,899,414 |
| Depreciation | 8,512,344 |
| Amortization of Intangible Assets | 38,147 |
| Prior Year Adjustments | -244,257 |
| Operating Cash Flow before Working Capital Changes | 184,266,477 |
| (Increase)/Decrease in Inventory | -96,021,311 |
| Decrease/(Increase) in Trade and Other Receivables | -10,814,437 |
| (Increase)/Decrease in Defined Benefit Plans | 3,951,291 |
| (Decrease)/Increase in Trade and Other Payables | 1,089,331 |
| Cash Used in Operations | 82,471,351 |
| Interest Paid | -6,690,283 |
| Profit Tax Paid | -27,992,774 |
| Net Cash Generated by (Used by) Operations | 47,788,295 |
| Investing Activities | |
| Payment for Property, Plant and Equipment | -43,385,681 |
| Net Cash Used in Investing Activities | -43,385,681 |
| Financing Activities | |
| Industrial Development Fund | -20,000,000 |
| Proceed (Settlement) of Bank Overdraft | 21,908,402 |
| Dividend Paid | -30,000,000 |
| Net Cash Used in Financing Activities | -28,091,598 |
| Net Change in Cash | -23,688,984 |
| Closing Cash & Equivalents | 212,338,995 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.