Download TPS, East Africa 2008 Annual Report - Serena Hotels

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Company Statement of Changes in Equity (cont’d) For the period ended 31 December 2008 Notes Share Share Retained Proposed Total Capital premium earnings dividends Shs'000 Shs'000 Shs'000 Shs'000 Shs'000 Year ended 31 December 2007 At start of year 88,221 1,906,676 347,245 110,276 2,452,418 During the year: Net profit - - 382,603 - 382,603 Bonus issue of shares 17,644 - (17,644) - - Dividends: - final for 2006 11 - - - (110,276) (110,276) - proposed for 2007 11 - - (132,331) 132,331 - At end of year 105,865 1,906,676 579,873 132,331 2,724,745 Year ended 31 December 2008 At start of year 105,865 1,906,676 579,873 132,331 2,724,745 During the year: Net profit - - 120,205 - 120,205 Dividends: - final for 2007 11 - - - (132,331) (132,331) - proposed for 2008 11 - - (132,331) 132,331 - At end of year 105,865 1,906,676 567,747 132,331 2,712,619 30 TPS EASTERN AFRICA LIMITED | ANNUAL REPORT AND FINANCIAL STATEMENTS 2008
Consolidated Cash Flow Statement For the period ended 31 December 2008 Notes 2008 2007 Shs'000 Shs'000 Operating activities Cash generated from operations 26 668,958 834,438 Interest paid (120,068) (145,883) Income tax paid (80,167) (52,232) Net cash generated from operating activities 468,723 636,323 Investing activities Purchase of property, plant and equipment 18 (160,057) (439,960) Proceeds from disposal of property, plant and equipment 2,048 3,700 Cash outflow on acquisition - (83,229) Investment on available-for-sale financial asset 17 (23,633) (31,418) Short term bank deposits 24 19,705 12,428 Net cash used in investing activities (161,937) (538,479) Financing activities Proceeds from long-term borrowings 273,865 376,607 Repayments on long-term borrowings (382,051) (507,078) Dividends paid to Company's shareholders (132,331) (110,276) Net cash used in financing activities (240,517) (240,747) Net increase/(decrease) in cash and cash equivalents 66,269 (142,903) Movement in cash and cash equivalents At start of year (20,758) 122,082 Increase/(decrease) in cash 66,269 (142,903) Effects of exchange rate changes on cash and cash equivalents 295 63 At end of year 24 45,806 (20,758) TPS EASTERN AFRICA LIMITED | ANNUAL REPORT AND FINANCIAL STATEMENTS 2008 31
Page 1 and 2: Contents Directors and Administrati
Page 3 and 4: PRINCIPAL OFFICERS Michael Opondo D
Page 5 and 6: Other Corporate Information REGISTE
Page 7 and 8: Notisi ya Mkutano wa Pamoja wa Mwak
Page 9 and 10: withholding tax, where applicable.
Page 11 and 12: Sehemu ya nje ya Hoteli ya Serenget
Page 13 and 14: Halmashauri na wasimamizi wanakadir
Page 15 and 16: Mr. Ameer Kassim-Lakha Non-executiv
Page 17 and 18: Corporate Governance Statement The
Page 19 and 20: SHAREHOLDERS' PROFILE AS AT 31 DECE
Page 21 and 22: which allow for optimum conservatio
Page 23 and 24: Statement of Directors’ Responsib
Page 25 and 26: Consolidated Profit and Loss Accoun
Page 27 and 28: Company Balance Sheet For the perio
Page 29: Consolidated Statement of Changes i
Page 33 and 34: 2 Summary of significant accounting
Page 39 and 40: 3 Financial risk management (contin
Page 41 and 42: 3 Financial risk management (contin
Page 43 and 44: 5 Segment information (continued) N
Page 45 and 46: 7 Employee benefits expense Notes t
Page 47 and 48: 14 Borrowings The borrowings are ma
Page 49 and 50: 15 Deferred income tax (continued)
Page 51 and 52: 17 Available for sale financial ass
Page 53 and 54: Notes to the Financial Statements (
Page 55 and 56: 23 Receivables and prepayments Note
Page 57 and 58: 27 Related party transactions Notes
Page 59 and 60: 28 Contingent liabilities Notes to
Page 61 and 62: CUT HERE FORM OF PROXY I / We being
Page 63 and 64: KATA HAPA FOMU YA UWAKILISHI Mimi /

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