Ghion Hotels Enterprise
Fiscal Year 2015 EC (2023/2024 GC)
Revenue
ETB 156.2M
Net Profit
ETB 27.3M
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 2023
FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Revenue and Gross Profit | |
| Revenue | 156,163,664 |
| Cost of Sales | -28,979,080 |
| Gross Profit | 127,184,584 |
| Operating Expenses and Other Income | |
| Other Income | 2,009,518 |
| General and Administration Expense | -72,918,378 |
| Impairment (Losses) and Gains on Financial Assets | -14,944,385 |
| Audit Fee | -64,000 |
| Board Fee | -406,500 |
| Operating Profit | 40,860,839 |
| Profit and Tax | |
| Finance Cost | -560,000 |
| Profit Before Tax | 40,300,839 |
| Income Tax Expense | -13,023,966 |
| Profit After Tax for the Year | 27,276,873 |
| Other Comprehensive Income (Revaluation Reclassification, Net of Tax) | 16,914,541 |
| Total Comprehensive Income for the Year | 44,191,414 |
Statement of Financial Position as at 30 June 2023
As at end of FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, Plant and Equipment | 370,782,169 |
| Right of Use Land | 997,438,365 |
| Deferred Tax Asset | 4,449,615 |
| Total Non-Current Assets | 1,372,670,149 |
| Current Assets | |
| Inventories | 2,335,412 |
| Trade and Other Debtors | 29,212,811 |
| Prepayments | 4,313,378 |
| Withholding Tax Receivable | 1,280,977 |
| Receivable from State | 7,225,288 |
| Cash and Cash Equivalents | 21,788,004 |
| Total Current Assets | 66,155,870 |
| Total Assets | |
| Total Assets | 1,438,826,019 |
| Equity | |
| Share Capital | 18,280,040 |
| General Reserve | 499,477 |
| Revaluation Reserve | 1,215,620,903 |
| Retained Earnings | 66,030,049 |
| Legal Reserve | 3,946,385 |
| Total Equity | 1,304,376,854 |
| Non-Current Liabilities | |
| Deferred Tax Liability | 88,842,310 |
| Employee Benefit Obligations | 4,242,208 |
| Total Non-Current Liabilities | 93,084,518 |
| Current Liabilities | |
| Trade and Other Creditors | 21,828,697 |
| Employees Dividend Payable | 593,109 |
| Bank Overdraft | 2,278,365 |
| Provisions | 47,000 |
| Profit Tax Payable | 16,617,476 |
| Total Current Liabilities | 41,364,647 |
| Total Liabilities and Equity | |
| Total Liabilities | 134,449,165 |
| Total Equity and Liabilities | 1,438,826,019 |
Cash Flow Statement
FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit Before Income Tax | 40,300,839 |
| Expected Credit Loss | 14,044,385 |
| Allowances for Writedown of Inventories | -14,542 |
| Depreciation of Property, Plant and Equipment | 11,281,093 |
| Prior Year Adjustment | 569,299 |
| Receivable from State | -7,220,288 |
| Change in Inventories | 286,022 |
| Change in Trade and Other Receivables | -26,878,043 |
| Change in Prepayments | -1,834,723 |
| Change in Trade and Other Payables | 1,210,116 |
| Change in Other Liabilities | 1,121,544 |
| Change in Other Tax Payable | 6,091,273 |
| Change in Employee Benefit Obligations | 1,692,431 |
| Interest Paid | -1,269,980 |
| Income Tax Paid | -10,780,643 |
| Net Cash Inflow from Operating Activities | 28,598,783 |
| Investing Activities | |
| Purchase of Property, Plant and Equipment | -7,961,568 |
| Net Cash Outflow from Investing Activities | -7,961,568 |
| Financing Activities | |
| State Dividend Paid | -3,263,629 |
| Net Cash Outflow from Financing Activities | -3,263,629 |
| Net Change in Cash | 17,373,587 |
| Closing Cash & Equivalents | 21,788,004 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.