Industrial Parks Development Corporation
Fiscal Year 2015 EC (2023/2024 GC)
Revenue
ETB 1.6B
Net Loss
ETB -43.9M
Total Assets
ETB 28.9B
Total Equity
ETB 26.1B
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 2015 EC
| Item | Amount (ETB) |
|---|---|
| Revenue | |
| Income from operating lease | 1,482,555,280 |
| Revenue from contracts with customers | 141,993,131 |
| Operating expenses | -1,195,864,261 |
| Gross profit | 428,684,150 |
| Other Income & Expenses | |
| Other income | 119,841,823 |
| Subtotal | 548,525,974 |
| Administrative expenses | -592,442,649 |
| Net Result | |
| Loss before income tax | -43,916,676 |
| Profit tax expense | 0 |
| Loss for the year | -43,916,676 |
| Total comprehensive loss for the year | -43,916,676 |
Statement of Financial Position
As at end of FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, plant and equipment | 5,325,802,226 |
| Investment property | 18,573,841,185 |
| Investment | 42,166,968 |
| Time deposit | 235,300,041 |
| Total Non-Current Assets | 24,177,110,419 |
| Current Assets | |
| Inventories | 263,597,314 |
| Trade and other receivables | 827,868,141 |
| Cash and bank balances | 3,674,688,883 |
| Total Current Assets | 4,766,154,337 |
| Total Assets | |
| Total Assets | 28,943,264,756 |
| Capital and Reserves | |
| Paid up capital | 27,143,543,041 |
| Accumulated loss | -1,002,220,868 |
| Total Equity | 26,141,322,173 |
| Non-Current Liabilities | |
| Deferred revenue | 13,447,622 |
| Severance payable | 14,413,416 |
| Total Non-Current Liabilities | 27,861,038 |
| Current Liabilities | |
| Trade and other payables | 2,774,081,545 |
| Total Current Liabilities | 2,774,081,545 |
| Total Liabilities and Equity | |
| Total Liabilities | 2,801,942,583 |
| Total Equity and Liabilities | 28,943,264,756 |
Cash Flow Statement
FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Loss before tax | -43,916,676 |
| Depreciation | 703,479,038 |
| Bad debt expense | 256,753,353 |
| Amortization of deferred revenue | -7,677,335 |
| Severance expense | 4,723,749 |
| Movement in inventory | -220,735,625 |
| Movement in receivables | 104,800,481 |
| Movement in payables | -254,011,342 |
| Net cash from operating activities | 543,415,644 |
| Investing Activities | |
| Purchase of property, plant and equipment | -748,958,995 |
| Investment | -101,438,911 |
| Net cash used in investing activities | -850,397,906 |
| Financing Activities | |
| Increase in capital | 552,660,280 |
| Net cash from financing activities | 552,660,280 |
| Net Change in Cash | 233,127,464 |
| Closing Cash & Equivalents | 3,674,688,883 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.