Filwuha Spa Service Enterprise

Fiscal Year 2017 EC (2025/2026 GC)

Unmodified

Revenue

ETB 335.0M

Net Profit

ETB 52.5M

Total Assets

ETB 341.2M

Total Equity

ETB 179.3M

Key income statement items

Net cash from each activity

Breakdown of total assets

FY 2017 EC

Item	Amount (ETB)
Revenue
Room service	10,797,857
Food, cafeteria and beverages	91,046,026
Bath and shower	127,675,434
Therapy and sauna bath	105,482,919
Revenue	335,002,255
Cost of Sales
Cost of materials — Food, cafeteria and beverages	-41,933,407
Cost of materials — Bath and shower	-19,914,517
Cost of materials — Therapy and sauna bath	-1,262,410
Cost of materials — Water	-44,840,669
Cost of Materials and Services	-107,951,003
Overhead — Salary and related	-56,394,421
Overhead — Repair and maintenance	-16,558,314
Overhead — Depreciation	70,836
Overhead — Cleaning and sanitation	183,998
Overhead Cost	-72,697,900
Cost of Sales	-180,648,903
Gross Profit
Gross Profit	154,353,352
Other Income
Bakery income	1,284,457
Laundry income	4,879
Parking income	8,436,791
Shop rent	7,790,207
Other income	3,612,394
Total Other Income	21,128,727
Total Revenue and Other Income	175,482,078
Expenses
Impairment loss	-307,822
Administration	-100,485,231
Finance cost	-658,622
Total Expenses	-101,451,675
Profit
Profit Before Tax	74,030,403
Income tax expense	-21,565,275
Profit for the Year	52,465,128
Other Comprehensive Income	0
Total Comprehensive Income	52,465,128

As at end of FY 2017 EC

Item	Amount (ETB)
Non-Current Assets
Property, plant and equipment	198,757,430
Right of use asset	44,753,996
Government bond	300,000
Investment property	1,095,165
Intangible asset	1,298,292
Total Non-Current Assets	246,204,882
Current Assets
Trade and other receivables	41,314,181
Inventory	35,251,567
Cash and bank balances	18,469,206
Total Current Assets	95,034,953
Total Assets
Total Assets	341,239,836
Capital and Reserves
Paid up capital	4,382,705
Legal reserve	2,961,065
Retained earnings	171,926,681
Total Equity	179,270,451
Non-Current Liabilities
Employee benefit - long term	4,940,775
Deferred tax liability	34,740,317
Bank loan	30,392,176
Total Non-Current Liabilities	70,073,269
Current Liabilities
Trade and other payables	35,856,363
Industrial development fund	11,898,481
State dividend payable	5,701,426
Other tax payable	7,884,961
Profit tax payable	25,375,443
Employee benefit - short term	5,507,263
Total Current Liabilities	92,203,938
Total Liabilities and Equity
Total Liabilities	162,277,207
Total Equity and Liabilities	341,547,658

FY 2017 EC

Item	Amount (ETB)
Operating Activities
Profit for the year before taxation	74,030,403
Depreciation of property, plant and equipment	16,619,157
Impairment loss	-307,822
Prior period adjustment	-32,036,040
Subtotal before working capital changes	58,305,698
(Increase)/decrease in inventory	-13,498,400
(Increase)/decrease in trade and other receivables	1,169,701
Increase/(decrease) in trade and other payables	-11,120,435
(Decrease)/increase in employee benefit	1,894,284
(Decrease)/increase in other taxes payable	2,896,368
Cash generated from operations	39,647,215
Withholding tax paid	-641,017
Profit tax paid	-23,992,327
Net cash generated from operating activities	15,013,871
Investing Activities
Property, plant and equipment	-45,025,668
Addition to Right of Use asset	0
Adjustment on Property, plant and equipment	14,217,944
Net cash used in investing activities	-30,807,724
Financing Activities
State dividend	-5,117,949
Loan proceed/settlement	30,184,712
Net cash from financing activities	25,066,763
Net Change in Cash	9,272,906
Closing Cash & Equivalents	18,469,206

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