National Alcohol and Liquor Factory
Fiscal Year 2016 EC (2024/2025 GC)
Revenue
ETB 1.2B
Net Profit
ETB 268.0M
Total Assets
ETB 1.8B
Total Equity
ETB 786.6M
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 2016 EC
| Item | Amount (ETB) |
|---|---|
| Revenue | |
| Gross sales | 2,505,224,162 |
| Excise duties | -968,202,575 |
| VAT duties | -326,768,369 |
| Net sales | 1,210,253,219 |
| Cost of sales | -580,616,824 |
| Gross profit | 629,636,395 |
| Operating Expenses | |
| Other operating income | 23,824,971 |
| Selling & distribution expense | -129,750,273 |
| General and administrative expense | -194,801,278 |
| Employee termination benefit/severance expense | -932,181 |
| Operating profit | 327,977,634 |
| Profit | |
| Earning before interest & tax (EBIT) | 327,977,634 |
| Interest expense | -12,388,709 |
| Profit before tax | 315,588,925 |
| Income tax expense | -47,561,693 |
| Profit for the year | 268,027,232 |
Statement of Financial Position
As at end of FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Non-Current Assets | |
| Property, plant and equipment | 700,917,914 |
| Right use of asset - land | 20,728,447 |
| Land improvement | 964,252 |
| Investments in Government bond | 1,400,000 |
| Deferred tax asset | 1,737,551 |
| Total non-current assets | 725,748,164 |
| Current Assets | |
| Inventories | 466,042,127 |
| Trade and other receivables | 46,942,067 |
| Advance and prepayments | 127,566,276 |
| Dividend receivable | 331,183,574 |
| Cash and short-term deposits | 80,513,126 |
| Total current assets | 1,052,247,170 |
| Total Assets | |
| Total assets | 1,777,995,334 |
| Equity | |
| Issued capital | 622,673,899 |
| Legal reserve | 57,753,149 |
| First time IFRS adoption revaluation reserve | 106,168,420 |
| Total equity | 786,595,468 |
| Non-Current Liabilities | |
| Excise tax payable | 56,765,381 |
| Lease liability | 17,251,979 |
| Termination benefit liabilities | 5,791,837 |
| Deferred tax liabilities | 39,235,005 |
| Total non-current liabilities | 119,044,202 |
| Current Liabilities | |
| Trade and other payables | 92,630,919 |
| Dividend payable | 0 |
| Current portion of long term loan | 25,585,121 |
| Bank overdraft | 14,873,275 |
| Current portion of lease liability | 607,398 |
| Income tax payable | 35,120,384 |
| Other tax and obligation | 607,338,259 |
| Accruals and other non financial liabilities | 96,200,308 |
| Total current liabilities | 872,355,664 |
| Total Liabilities & Equity | |
| Total liabilities | 991,399,866 |
| Total equity and liabilities | 1,777,995,334 |
Cash Flow Statement
FY 2016 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit before tax | 315,588,925 |
| Depreciation of property, plant and equipment | 47,911,542 |
| Amortization of right use of assets | 351,262 |
| Severance expense | 932,181 |
| Interest expense | 12,388,709 |
| WHT receivable | -6,429,774 |
| Reversal of employee benefit | -1,113,843 |
| Increase in trade and other receivables and prepayments | -37,975,875 |
| Increase in inventories | -261,836,215 |
| Increase in trade and other payables | 50,423,952 |
| Cash generated from operations | 120,240,865 |
| Interest paid | -12,388,709 |
| Income tax paid | -52,762,628 |
| Net cash from operating activities | 55,089,527 |
| Investing Activities | |
| Purchase of property, plant and equipment | -17,055,121 |
| Great Renaissance Dam Bond investment | -400,000 |
| Net cash used in investing activities | -17,455,121 |
| Financing Activities | |
| Payment of lease liabilities | -607,398 |
| Repayment of borrowings | -24,414,879 |
| Net cash from/(used in) financing activities | -25,022,276 |
| Net Change in Cash | 12,612,130 |
| Closing Cash & Equivalents | 65,639,851 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.