Ghion Hotels Enterprise
Fiscal Year 2014 EC (2022/2023 GC)
Revenue
ETB 98.0M
Net Profit
ETB 14.0M
Total Assets
ETB 1.4B
Total Equity
ETB 1.3B
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 | |
| Revenue | 98,024,026 |
| Cost of Sales | |
| Cost of Sales | -13,985,462 |
| Gross Profit | 84,038,563 |
| Other Income and Expenses | |
| Other Income | 8,369,840 |
| General and Administration Expense | -56,896,302 |
| Impairment Losses and Gains on Financial Assets | -10,975,870 |
| Audit Fee | -64,000 |
| Board Fee | -449,000 |
| Operating Profit | 24,023,231 |
| Finance | |
| Finance Cost | -651,697 |
| Profit Before Tax | 23,371,533 |
| Income Tax | -9,322,920 |
| Profit After Tax | 14,048,614 |
Statement of Financial Position as at 30 June 2022
As at end of FY 2014 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, Plant and Equipment | 374,101,696 |
| Right of Use Land | 997,438,365 |
| Deferred Tax Asset | 9,696,466 |
| Total Non-Current Assets | 1,381,236,527 |
| Current Assets | |
| Inventories | 2,601,434 |
| Trade and Other Debtors | 17,279,153 |
| Prepayments | 2,478,655 |
| Cash and Cash Equivalent | 7,332,830 |
| Total Current Assets | 29,692,073 |
| Total Assets | |
| Total Assets | 1,410,928,600 |
| Equity | |
| State Capital | 19,280,040 |
| General Reserve | 499,473 |
| Revaluation Reserve | 1,232,535,044 |
| Retained Earnings | 20,367,866 |
| Legal Reserve | 3,848,289 |
| Total Equity | 1,276,530,713 |
| Non-Current Liabilities | |
| Deferred Tax Liability | 89,672,069 |
| Employee Benefit Obligations | 3,277,652 |
| Total Non-Current Liabilities | 92,950,621 |
| Current Liabilities | |
| Trade and Other Creditors | 20,618,375 |
| State Dividend Payable | 3,263,629 |
| Bank Overdraft | 2,918,411 |
| Employee Benefit Obligations | 2,239,288 |
| Provisions | 47,000 |
| Other Tax Payable | 1,579,920 |
| Profit Tax Payable | 10,780,643 |
| Total Current Liabilities | 41,447,267 |
| Total Liabilities and Equity | |
| Total Liabilities | 134,397,888 |
| Total Equity and Liabilities | 1,410,928,600 |
Cash Flow Statement
FY 2014 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit Before Tax | 23,371,533 |
| Adjustments for non-cash items: | — |
| Depreciation | 10,876,521 |
| Finance Cost | 651,697 |
| Changes in working capital: | — |
| Change in Inventories | — |
| Change in Trade Debtors | — |
| Change in Other Liabilities | — |
| Change in Employee Benefit Obligations | — |
| Change in Prepayments | — |
| Change in Trade Creditors | — |
| Change in State Dividend Payable | — |
| Change in Other Tax Payable | — |
| Income Tax Paid | — |
| Net Cash from Operating Activities | — |
| Investing Activities | |
| Purchase of Property, Plant and Equipment | — |
| Net Cash used in Investing Activities | — |
| Financing Activities | |
| Repayment of Bank Loan | — |
| Interest Paid | — |
| Net Cash from Financing Activities | — |
| Net Change in Cash | -8,996,196 |
| Closing Cash & Equivalents | 4,414,419 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.