Catering and Tourism Training Institute - Genet Hotel
Fiscal Year 2014 EC (2022/2023 GC)
Revenue
ETB 23.4M
Net Loss
ETB -3.5M
Total Assets
ETB 1.5B
Total Equity
ETB 1.5B
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 June 30, 2022 (IFRS restated comparative)
FY 2014 EC
| Item | Amount (ETB) |
|---|---|
| Revenue and Gross Profit | |
| Revenue | 23,448,541 |
| Cost of Sales | -9,239,711 |
| Gross Profit | 14,208,830 |
| Other Income | 3,453,937 |
| Total after Other Income | 17,662,767 |
| Operating Expenses | |
| General and Administrative Expenses | -23,751,311 |
| Finance Income (Cost), net | 0 |
| Total Operating Expenses | -23,751,311 |
| Profit and Tax | |
| Profit (Loss) Before Tax | -6,088,544 |
| Income Tax Expense | 2,551,415 |
| Profit (Loss) After Tax for the Year | -3,537,128 |
| Other Comprehensive Income, net of income tax | 0 |
| Total Comprehensive Income for the Year | -3,537,128 |
Statement of Financial Position as at June 30, 2022 (IFRS restated comparative)
As at end of FY 2014 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, Plant and Equipment | 144,091,606 |
| Investment Property | 5,876,306 |
| Right of Use Land | 1,304,774,673 |
| Bond - Instrument | 1,000,000 |
| Total Non-Current Assets | 1,455,742,585 |
| Current Assets | |
| Inventories | 1,200,602 |
| Trade Receivables | 995,173 |
| Other Receivables | 108,249 |
| Cash and Bank Balances | 38,725,626 |
| Total Current Assets | 41,029,651 |
| Total Assets | |
| Total Assets | 1,496,772,236 |
| Equity | |
| Paid Up Capital | 1,177,283 |
| Retained Earnings | 41,544,003 |
| Deemed Cost in Excess of Carrying Value | 1,407,895,221 |
| Total Equity | 1,450,616,507 |
| Non-Current Liabilities | |
| Provision for Fence Construction | 1,041,164 |
| Retirement Benefit Obligation | 2,057,924 |
| Deferred Tax Liability | 40,617,042 |
| Total Non-Current Liabilities | 43,716,130 |
| Current Liabilities | |
| Trade Payables | 635,767 |
| Other Liabilities | 1,410,245 |
| Current Income Tax Liabilities | 393,588 |
| Total Current Liabilities | 2,439,600 |
| Total Liabilities and Equity | |
| Total Liabilities | 46,155,730 |
| Total Equity and Liabilities | 1,496,772,236 |
Cash Flow Statement
FY 2014 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Cash Generated from Operations | 4,679,728 |
| Interest Paid | 0 |
| Income Tax Paid | -10,742 |
| Net Cash Generated from (Used in) Operating Activities | 4,668,986 |
| Investing Activities | |
| Acquisition of Property, Plant and Equipment | -6,750,399 |
| Net Cash Generated from (Used in) Investing Activities | -6,750,399 |
| Financing Activities | |
| Refunds/Settlements | 2,716,566 |
| Net Cash Generated from (Used in) Financing Activities | 2,716,566 |
| Net Change in Cash | 635,153 |
| Closing Cash & Equivalents | 38,779,552 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.