National Alcohol and Liquor Factory
Fiscal Year 2015 EC (2023/2024 GC)
Revenue
ETB 1.1B
Net Profit
ETB 94.8M
Total Assets
ETB 1.2B
Total Equity
ETB 742.9M
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 | |
| Revenue | 1,103,604,911 |
| Cost of sales | -623,949,627 |
| Gross profit | 479,655,284 |
| Operating Expenses | |
| Other operating income | 11,657,363 |
| Selling & distribution expense | -136,257,994 |
| General and administrative expense | -175,602,594 |
| Employee termination benefit/severance expense | -925,610 |
| Operating profit | 178,526,449 |
| Profit | |
| Earning before interest & tax (EBIT) | 178,526,449 |
| Finance costs/charges | -12,845,562 |
| Profit before tax | 165,680,887 |
| Income tax expense | -70,831,503 |
| Profit for the year | 94,849,384 |
Statement of Financial Position
As at end of FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, plant and equipment | 749,234,043 |
| Right use of asset - land | 21,079,709 |
| Investments in Government bond | 1,000,000 |
| Deferred tax asset | 1,746,525 |
| Total non-current assets | 773,060,279 |
| Current Assets | |
| Inventories | 188,929,264 |
| Trade and other receivables | 20,721,314 |
| Advance and prepayments | 115,811,153 |
| Cash and short-term deposits | 114,508,315 |
| Total current assets | 439,970,047 |
| Other Assets | |
| Non-current assets held for sale | 235,313 |
| Total Assets | |
| Total assets | 1,213,265,638 |
| Equity | |
| Issued capital | 622,673,899 |
| Legal reserve | 44,351,787 |
| Retained earnings | -15,027,000 |
| First time IFRS adoption revaluation reserve | 90,891,772 |
| Total equity | 742,890,458 |
| Non-Current Liabilities | |
| Lease liability | 17,859,376 |
| Termination benefit liabilities | 5,821,750 |
| Deferred tax liabilities | 45,237,356 |
| Total non-current liabilities | 68,918,482 |
| Current Liabilities | |
| Trade and other payables | 46,306,815 |
| Dividend payable | 74,229,610 |
| Current portion of long term loan | 50,000,000 |
| Bank overdraft | 61,480,594 |
| Current portion of lease liability | 607,398 |
| Income tax payable | 52,762,628 |
| Other tax and obligation | 82,101,032 |
| Accruals and other non financial liabilities | 33,968,619 |
| Total current liabilities | 401,456,698 |
| Total Liabilities & Equity | |
| Total liabilities | 470,375,180 |
| Total equity and liabilities | 1,213,265,638 |
Cash Flow Statement
FY 2015 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit before tax | 165,680,887 |
| Depreciation of property, plant and equipment | 53,888,383 |
| Amortization of right use of assets | 351,262 |
| Interest expense | 12,845,562 |
| WHT receivable | -4,805,398 |
| Reversal of employee benefit | -2,236,916 |
| Sample gift and bonus | -2,298,931 |
| Increase in trade and other receivables and prepayments | -42,669,013 |
| Increase in inventories | 24,804,025 |
| Increase in trade and other payables | -504,794,573 |
| Cash generated from operations | -294,698,867 |
| Interest paid | -12,845,562 |
| Income tax paid | -89,383,113 |
| Net cash from operating activities | -396,927,542 |
| Investing Activities | |
| Purchase of property, plant and equipment | -60,985,734 |
| Net cash used in investing activities | -60,985,734 |
| Financing Activities | |
| Payment of lease liabilities | -607,398 |
| Capital contribution | 401,688,464 |
| Borrowing | 50,000,000 |
| Repayment of borrowings | -50,000,000 |
| Prior year adjustment on dividends | -6,277,304 |
| Dividends paid to owners | -25,774,931 |
| Net cash from/(used in) financing activities | 369,028,832 |
| Net Change in Cash | -88,884,444 |
| Closing Cash & Equivalents | 53,027,720 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.