Ghion Hotels Enterprise
Fiscal Year 2016 EC (2024/2025 GC)
Revenue
ETB 221.3M
Net Profit
ETB 50.1M
Total Assets
ETB 1.5B
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 2024
FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Revenue and Gross Profit | |
| Revenue | 221,261,766 |
| Cost of Sales | -35,712,127 |
| Gross Profit | 185,549,638 |
| Other Income | |
| Other Income | 4,538,520 |
| Interest Income | — |
| Gross Profit After Other Income | 190,088,158 |
| Operating Expenses | |
| General and Administrative Expenses | -111,386,049 |
| Expected Credit Loss | -11,537,806 |
| Audit Fee | -100,000 |
| Board Fee | -1,306,000 |
| Total Expenses | -124,329,854 |
| Profit and Tax | |
| Profit Before Tax | 65,758,304 |
| Tax Income (Expense) | -19,560,953 |
| Profit After Tax | 46,197,351 |
| Other Comprehensive Income Reclassified from Revaluation Reserve | 3,872,691 |
| Profit for the Year | 50,070,042 |
Statement of Financial Position as at 30 June 2024
As at end of FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, Plant and Equipment | 368,524,418 |
| Right to Use Land | 997,438,365 |
| Deferred Tax Asset | 22,064,551 |
| Total Non-Current Assets | 1,388,027,335 |
| Current Assets | |
| Inventories | 3,567,862 |
| Trade and Other Receivables | 70,452,411 |
| Cash and Cash Equivalents | 46,095,286 |
| Total Current Assets | 120,115,558 |
| Total Assets | |
| Total Assets | 1,508,142,894 |
| Equity | |
| Capital | 19,280,040 |
| General Reserve | 499,473 |
| Revaluation Reserve | 1,211,747,812 |
| Retained Earnings | 108,000,280 |
| Legal Reserve | 3,845,301 |
| Total Equity | 1,343,372,905 |
| Non-Current Liabilities | |
| Long-Term Employee Benefit | 15,544,876 |
| Deferred Tax Liability | 87,519,832 |
| Total Non-Current Liabilities | 103,064,708 |
| Current Liabilities | |
| Trade and Other Payables | 36,274,620 |
| Provisions | 47,000 |
| Taxation | 25,383,661 |
| Total Current Liabilities | 61,705,281 |
| Total Liabilities and Equity | |
| Total Liabilities | 164,769,989 |
| Total Equity and Liabilities | 1,508,142,894 |
Cash Flow Statement
FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit Before Tax | 65,758,304 |
| Depreciation and Amortization | 9,647,798 |
| Expected Credit Loss | 11,537,806 |
| Prior Year Adjustment | -2,987 |
| Receivable from State | — |
| Subtotal Before Working Capital Changes | 86,940,920 |
| Change in Stock | -1,252,449 |
| Change in Debtors for the Year | -39,967,760 |
| Change in Creditors for the Year | 4,614,095 |
| Net Cash in Flows from Operating Activities (before tax) | 50,334,807 |
| WHT | -18,637,474 |
| Income Tax Paid | — |
| Net Cash from Operating Activities | 31,697,332 |
| Investing Activities | |
| Property, Plant and Equipment | -7,390,048 |
| Net Cash Used in Investing Activities | -7,390,048 |
| Financing Activities | |
| State Dividend Paid | — |
| Loan Settled during the Year | — |
| Net Cash from Financing Activities | 0 |
| Net Change in Cash | 24,307,284 |
| Closing Cash & Equivalents | 46,095,287 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.