Filwuha Spa Service Enterprise

Fiscal Year 2014 EC (2022/2023 GC)

Unmodified
All Years
Download Original Audit Report FY 2015

Revenue

ETB 169.8M

Net Profit

ETB 15.8M

Total Assets

ETB 242.8M

Total Equity

ETB 141.3M

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 June 2022

FY 2014 EC

Item Amount (ETB)
Revenue
Room service 5,294,337
Food, cafeteria and beverages 39,091,131
Bath and shower 65,665,565
Therapy and sauna bath 53,107,537
Shop rent 6,629,702
Total Revenue 169,788,272
Cost of Sales
Food, cafeteria and beverages -37,216,719
Bath and shower -17,478,249
Therapy and sauna bath -13,087,619
Water -14,523,429
Room service -683,140
Clinic -64,463
Total Cost of Sales -83,053,618
Overhead Cost
Repair & maintenances -26,080
Depreciation -11,014,389
Cleaning and sanitation -48,803
Other -47,047
Total Overhead Cost -11,136,319
Gross Profit
Gross Profit 75,598,336
Other Income
Other income 1,655,863
Total Other Income 1,655,863
Expenses
Administration -52,545,280
Borrowing cost -88,060
Total Expenses -52,633,340
Profit Before Tax
Profit Before Tax 24,620,859
Deferred tax charged to OCI 668,284
Income tax expense -9,468,014
Profit for the Year 15,821,130

Statement of Financial Position at 30 June 2022

As at end of FY 2014 EC

Item Amount (ETB)
Non-Current Assets
Property, plant and equipment 162,001,493
Right of use of asset 44,704,996
Government bond 300,000
Investment property 1,095,165
Intangible asset 1,298,292
Total Non-Current Assets 209,399,946
Current Assets
Trade and other receivables 21,316,342
Inventory 9,521,803
Cash and bank balances 2,525,571
Total Current Assets 33,363,715
Total Assets
Total Assets 242,763,661
Capital and Reserves
Paid up capital 4,382,705
Legal reserve 795,620
Retained earning 136,126,389
Total Equity 141,304,714
Non-Current Liabilities
Bank loan 207,465
Total Non-Current Liabilities 207,465
Current Liabilities
Trade and other payables 35,125,877
Industrial development fund 11,898,481
Other tax payable 1,769,477
Profit tax payable 9,203,430
Deferred tax liability 36,401,982
Employee benefits 6,852,235
Total Current Liabilities 101,251,483
Total Equity and Liabilities
Total Equity and Liabilities 242,763,661

Cash Flow Statement

FY 2014 EC

Item Amount (ETB)
Operating Activities
Profit for the year before taxation 24,620,859
Depreciation of property, plant and equipment 11,029,376
Prior period adjustment -11,306,709
Amortization 0
Subtotal before working capital changes 24,343,527
(Increase)/decrease in inventory -307,497
Government bond 0
(Increase)/decrease in trade and other receivables 192,988
Increase in trade and other payables -12,196,054
(Decrease)/increase in differed tax payable 3,522,782
(Decrease)/increase in profit taxes payable 1,099,396
(Decrease)/increase in other taxes payable 748,721
Cash generated from operations 17,403,862
Profit tax paid -9,468,014
Net cash generated from operating activities 7,935,849
Investing Activities
Property, plant and equipment -14,335,349
Adjustment on property, plant and equipment 6,161,960
Net cash used in investing activities -8,173,389
Financing Activities
State dividend -396,839
Deferred tax charged to OCI 668,284
Loan repaid during the period -6,833,333
Net cash used in financing activities -6,561,888
Net Change in Cash -6,799,428
Closing Cash & Equivalents 2,525,571

Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.