Industrial Parks Development Corporation
Fiscal Year 2011 EC (2019/2020 GC)
Revenue
ETB 345.2M
Net Loss
ETB -114.7M
Total Assets
ETB 28.7B
Total Equity
ETB 25.5B
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
FY 2011 EC
| Item | Amount (ETB) |
|---|---|
| Revenue | |
| Revenue | 345,209,400 |
| Operating expenses | -417,054,149 |
| Gross operating profit (loss) | -71,844,749 |
| Other Income & Expenses | |
| Other income | 35,649,149 |
| Subtotal after other income | -36,195,600 |
| Administrative expenses | -78,524,184 |
| Net Result | |
| Net profit (loss) before income tax | -114,719,784 |
| Total comprehensive loss for the year | -114,719,784 |
Statement of Financial Position
As at end of FY 2011 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, plant and equipment | 9,678,574,128 |
| Investment property | 12,806,490,933 |
| Investment | 42,166,968 |
| Time deposit | 29,540,454 |
| Total Non-Current Assets | 22,556,772,483 |
| Current Assets | |
| Receivables | 2,317,921,272 |
| Cash and bank balances | 3,824,435,794 |
| Total Current Assets | 6,142,357,066 |
| Total Assets | |
| Total Assets | 28,699,129,549 |
| Equity | |
| Paid up capital | 25,900,265,678 |
| Accumulated loss | -425,778,560 |
| Total Equity | 25,474,487,118 |
| Non-Current Liabilities | |
| Deferred revenue | 28,030,567 |
| Severance payable | 2,856,209 |
| Total Non-Current Liabilities | 30,886,776 |
| Current Liabilities | |
| Payables | 3,193,755,655 |
| Total Current Liabilities | 3,193,755,655 |
| Total Liabilities and Equity | |
| Total Liabilities | 3,224,642,431 |
| Total Equity and Liabilities | 28,699,129,549 |
Cash Flow Statement
FY 2011 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Net loss for the year | -114,719,784 |
| Depreciation | 262,572,770 |
| Foreign exchange loss | 14,481,443 |
| Interest income | -1,438,911 |
| Grant income | -6,744,710 |
| Severance and bad debt expense | 6,526,409 |
| Decrease in receivables | 229,678,883 |
| Increase in payables | -885,555,212 |
| Net cash used in operating activities | -495,199,112 |
| Investing Activities | |
| Payment for property, plant and equipment | -3,327,544,075 |
| Net cash used in investing activities | -3,327,544,075 |
| Financing Activities | |
| Capital contribution | 4,922,658,348 |
| Opening cash of IPS & IT Park | 26,729,988 |
| Net cash from financing activities | 4,949,388,336 |
| Net Change in Cash | 1,126,645,149 |
| Closing Cash & Equivalents | 3,824,435,794 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.