Industrial Parks Development Corporation
Fiscal Year 2014 EC (2022/2023 GC)
Revenue
ETB 1.3B
Net Profit
ETB 103.3M
Total Assets
ETB 29.7B
Total Equity
ETB 26.6B
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 2014 EC
| Item | Amount (ETB) |
|---|---|
| Revenue | |
| Revenue | 1,257,337,080 |
| Operating expenses | -974,989,100 |
| Gross profit | 282,347,980 |
| Other Income & Expenses | |
| Other income | 127,694,029 |
| Subtotal | 410,042,009 |
| Administrative expenses | -306,702,257 |
| Net Result | |
| Profit before income tax | 103,339,752 |
| Income tax expense | 0 |
| Profit for the year | 103,339,752 |
| Total comprehensive income for the year | 103,339,752 |
Statement of Financial Position
As at end of FY 2014 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, plant and equipment | 6,246,375,066 |
| Investment property | 18,583,271,628 |
| Investment | 42,166,968 |
| Time deposit | 133,861,130 |
| Right of use asset | 1,125,000 |
| Total Non-Current Assets | 25,006,799,791 |
| Current Assets | |
| Inventories | 42,861,688 |
| Trade and other receivables | 1,231,239,230 |
| Cash and bank balances | 3,441,561,420 |
| Total Current Assets | 4,715,662,338 |
| Total Assets | |
| Total Assets | 29,722,462,129 |
| Capital and Reserves | |
| Paid up capital | 27,476,577,745 |
| Legal reserve | 1,593,261 |
| Accumulated loss | -877,402,142 |
| Total Equity | 26,600,768,865 |
| Non-Current Liabilities | |
| Deferred revenue | 21,124,957 |
| Deferred tax liability | 14,766,012 |
| Industrial Development Fund | 16,811,591 |
| Severance payable | 9,689,667 |
| Total Non-Current Liabilities | 62,392,227 |
| Current Liabilities | |
| Trade and other payables | 3,056,494,116 |
| Profit tax payable | 2,806,923 |
| Total Current Liabilities | 3,059,301,037 |
| Total Liabilities and Equity | |
| Total Liabilities | 3,121,693,264 |
| Total Equity and Liabilities | 29,722,462,129 |
Cash Flow Statement
FY 2014 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit before tax | 103,339,752 |
| Depreciation | 660,872,111 |
| Gain on disposal of PPE | -2,261,970 |
| Bad debt expense | 127,312,002 |
| Decrease in deferred revenue | -8,479,952 |
| Severance expense | 1,899,330 |
| Movement in inventory | -25,379,084 |
| Movement in receivables | 287,742,580 |
| Movement in payables | -246,848,600 |
| Net cash from operating activities | 898,196,169 |
| Investing Activities | |
| Purchase of property, plant and equipment | -644,035,478 |
| Adjustment to PPE | 6,433,504 |
| Investment | -101,438,911 |
| Net cash used in investing activities | -739,040,885 |
| Financing Activities | |
| Prior year adjustment | 9,700,423 |
| Industrial development fund | 16,811,591 |
| Increase in capital | 1,592,671,341 |
| Net cash from financing activities | 1,619,183,355 |
| Net Change in Cash | 1,778,338,638 |
| Closing Cash & Equivalents | 3,441,561,421 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.