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Profit & Loss Accounts For the year ended 31 March 2010 (All amounts in Tshs M) Group Company Notes 2010 2009 2010 2009 Revenue 6 527,768 464,199 462,830 418,561 Cost of sales 7 (273,526) (264,157) (242,760) (239,967) Gross profit 254,242 200,042 220,070 178,594 Selling and distribution costs 7 (75,188) (51,145) (71,356) (49,580) Administrative expenses 7 (36,662) (26,496) (29,838) (22,040) Other income 9 4,703 2,982 13,216 9,485 Other losses 10 (1,150) (63) (1,150) (63) Operating profit 145,945 125,320 130,942 116,396 Net finance costs 11 (12,103) (10,070) (10,783) (9,406) Share of loss from associate 17 - (62) - (62) Profit before income tax 133,842 115,188 120,159 106,928 Income tax expense 12 (41,393) (34,391) (34,664) (30,254) Profit for the year 92,449 80,797 85,495 76,674 STATEMENT OF COMPREHENSIVE INCOME Profit for the year 92,449 80,797 85,495 76,674 Total comprehensive income 92,449 80,797 85,495 76,674 Attributable to: Minority interests 5,000 3,639 Equity holders of the Company 87,449 77,158 92,449 80,797 Basic earnings per share (Tshs) 13 296.5 261.6 Diluted earning per share (Tshs) 13 296.5 261.6 Dividend per Share (Tshs) 14 150.0 150.0 Notes and related statements forming part of these financial statements appear on pages 26 to 48 Page 22 Tanzania Breweries Limited
Balance Sheets As at 31 March 2010 (All amounts in Tshs M) Group Company Notes 2010 2009 2010 2009 ASSETS Non-current assets Property, plant and equipment 15 290,322 198,787 285,101 194,966 Intangible assets 16 40,913 40,632 1,283 1,002 Investments 17 88 49 45,108 45,068 331,323 239,468 331,492 241,036 Current assets Inventories 18 83,510 71,234 73,784 64,633 Accounts receivable 19 25,585 28,407 25,470 29,277 Income tax recoverable 5,222 - 5,665 - Bank and cash balances 20 8,027 9,274 6,141 7,813 122,344 108,915 111,060 101,723 Total assets 453,667 348,383 442,552 342,759 EQUITY Capital and reserves attributable to the Company’s equity holders Share capital 21 29,493 29,493 29,493 29,493 Share premium 45,346 45,346 45,346 45,346 Retained earnings 122,508 79,298 120,220 78,964 197,347 154,137 195,059 153,803 Minority interests 3,878 2,718 - - Total equity 201,225 156,855 195,059 153,803 LIABILITIES Non-current liabilities Borrowings 25 41,842 - 41,842 - Deferred income tax liabilities 22 29,340 10,217 28,836 9,790 Provisions for liabilities and charges 23 301 355 301 355 71,483 10,572 70,979 10,145 Current liabilities Trade and other payables 24 79,456 67,608 75,861 65,548 Borrowings 25 101,503 105,702 100,653 105,557 Income tax payable - 7,646 - 7,706 180,959 180,956 176,514 178,811 Total liabilities 252,442 191,528 247,493 188,956 Total equity and liabilities 453,667 348,383 442,552 342,759 Notes and related statements forming part of these financial statements appear on pages 26 to 48 Directors approved the financial statements on pages 22 to 48 on 9th June, 2010 and they were signed on their behalf by:- Hon. C. D. Msuya Tanzania Breweries Limited Page 23
Page 1 and 2: 2010 ANNUAL REPORT AND ACCOUNTS
Page 3 and 4: Contents 10 Year Review 2 Group Cas
Page 5 and 6: Group Cash Value Added For the year
Page 7 and 8: Chairman’s Statement Tanzania Bre
Page 9 and 10: Vision, Mission & Company Values Vi
Page 11 and 12: The crowns for all TBL brands are n
Page 13 and 14: Taarifa ya Wakurugenzi Hadi Machi 3
Page 15 and 16: Managing Director’s Report Tanzan
Page 17 and 18: Taarifa ya Mkurugenzi Mkuu Kampuni
Page 19: TBL Responsible Way - Kuwajibika kw
Page 22 and 23: Statement of Directors’ Responsib
Page 26 and 27: Statement of Changes in Equity For
Page 28 and 29: Notes to Financial Statements For t

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