Ethiopian Tourist Trading Enterprise
Fiscal Year 2016 EC (2024/2025 GC)
Revenue
ETB 720.3M
Net Profit
ETB 19.1M
Total Assets
ETB 997.5M
Total Equity
ETB 581.1M
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 | |
| Revenue | 720,269,111 |
| Cost of Sales | -492,539,440 |
| Gross Profit | 227,729,671 |
| Operating Expenses | |
| Other Income | 22,872,368 |
| Selling and Distribution Expense | -114,379,193 |
| General and Administrative Expense | -90,871,519 |
| Provision for Doubtful Debts | -394,430 |
| Operating Profit or Loss | 44,956,897 |
| Finance and Tax | |
| Finance Cost, net | -14,406,710 |
| Profit before Tax | 30,550,187 |
| Profit Tax | -11,407,096 |
| Profit after Tax | 19,143,091 |
| Total Comprehensive Income | 19,143,091 |
Statement of Financial Position
As at end of FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, Plant and Equipment | 129,508,565 |
| Right of Use Land | 123,305,096 |
| Intangible Assets | 96,985 |
| Investment in Securities | 170,000,000 |
| Total Non-Current Assets | 422,910,646 |
| Current Assets | |
| Inventories | 486,628,096 |
| Trade and Other Receivables | 33,296,389 |
| Cash and Cash Equivalent | 54,658,810 |
| Total Current Assets | 574,583,294 |
| Total Assets | |
| Total Assets | 997,493,942 |
| Equity | |
| Paid up Capital | 383,428,200 |
| Legal Reserve | 9,566,700 |
| Revaluation Reserve | 123,305,096 |
| Industrial Development Fund | 11,393,561 |
| Reserve from IFRS Transition | 53,439,496 |
| Total Equity | 581,133,052 |
| Non-Current Liabilities | |
| Defined Benefit Obligation | 6,396,973 |
| Deferred Tax Liability | 2,076,143 |
| Government Loan | 170,000,000 |
| Total Non-Current Liabilities | 178,473,117 |
| Current Liabilities | |
| Trade and Other Payables | 111,361,787 |
| Bank Overdraft | 98,351,767 |
| State Dividend Payable | 18,720,007 |
| Profit Tax Payable | 9,454,210 |
| Total Current Liabilities | 237,887,772 |
| Total Liabilities and Equity | |
| Total Liabilities | 416,360,890 |
| Total Equity and Liabilities | 997,493,942 |
Cash Flow Statement
FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit before Income Tax | 30,550,187 |
| Interest Expenses | 14,406,710 |
| Disposal of PPE (Net) | 3,378 |
| Depreciation of Property, Plant and Equipment | 10,613,384 |
| Amortization of Intangible Assets | 41,456 |
| Operating Cash Flow before Working Capital Changes | 55,615,115 |
| Change in Inventory | 168,722,687 |
| Change in Trade and Other Receivables | -11,858,773 |
| Change in Defined Benefit Plan | -5,519,360 |
| Change in Trade and Other Payables | -127,655,778 |
| Interest Paid | -14,406,710 |
| Income Tax Paid | -36,278,511 |
| Net Cash Inflow from Operating Activities | 28,618,669 |
| Investing Activities | |
| Acquisition of Intangible Assets | -86,957 |
| Purchase of Property, Plant and Equipment | -31,651,520 |
| Net Cash Outflow from Investing Activities | -31,738,477 |
| Financing Activities | |
| Utilization of Bank Overdraft | 21,020,059 |
| State Dividend Paid | -24,000,100 |
| Net Cash Outflow from Financing Activities | -2,980,041 |
| Net Change in Cash | -6,099,851 |
| Closing Cash & Equivalents | 54,658,809 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.