enl commercial limited annual report 2011 - Investing In Africa
enl commercial limited annual report 2011 - Investing In Africa
enl commercial limited annual report 2011 - Investing In Africa
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Notes to the Financial Statements<br />
Year ended June 30, <strong>2011</strong><br />
24 DIVIDENDS<br />
<strong>2011</strong> 2010<br />
Rs’000 Rs’000<br />
Amounts recognised as distributions to equityholders during the year:<br />
<strong>In</strong>terim dividend for the year ended June 30, <strong>2011</strong><br />
of Re. 0.40 (2010:Re. 0.40) per share 11,669 11,669<br />
Final dividend for the year ended June 30, <strong>2011</strong><br />
of Re. 0.50 (2010: Re.0.40) per share 14,586 11,669<br />
The final proposed dividend was paid on July 25, <strong>2011</strong>.<br />
26,255 23,338<br />
25 PROFIT BEFORE TAXATION<br />
(a)<br />
THE GROUP<br />
<strong>2011</strong> 2010<br />
<strong>In</strong>vestment &<br />
<strong>In</strong>vestment &<br />
management Commercial <strong>In</strong>dustry Total management Commercial <strong>In</strong>dustry Total<br />
Rs’000 Rs’000 Rs’000 Rs’000 Rs’000 Rs’000 Rs’000 Rs’000<br />
Profit before taxation is<br />
arrived at after:<br />
crediting:<br />
<strong>In</strong>vestment income - official market 5,203 - - 5,203 5,479 - - 5,479<br />
- DEM Listed 10,630 - - 10,630 13,868 - - 13,868<br />
- unquoted 244 - - 244 720 - - 720<br />
<strong>In</strong>terest receivable - 835 239 1,074 1,033 990 - 2,023<br />
Profit on disposal of property,<br />
plant and equipment - 6,151 1,055 7,206 - 1,594 263 1,857<br />
Profit on sale of investments 5,131 - 899 6,030 2,159 - - 2,159<br />
Fair value gain on held-for-trading<br />
securities (note 14) - - - - 1,490 - - 1,490<br />
and charging:<br />
Cost of inventories recognised as expense - 1,252,245 969,383 2,221,628 - 1,049,176 40,564 1,089,740<br />
Depreciation on property, plant<br />
and equipment (note 5)<br />
- owned assets 432 30,488 16,502 47,422 415 25,070 1,521 27,006<br />
- leased assets under finance lease - 11,033 14,232 25,265 - 13,153 1,213 14,366<br />
Amortisation of intangible assets (note 6) - 3,822 1,082 4,904 - 3,342 10 3,352<br />
Property, plant and equipment written off - 51 - 51 - 716 - 716<br />
Employee benefit expense (note 26) - 108,853 42,942 151,795 - 100,609 14,329 114,938<br />
(b) THE COMPANY<br />
<strong>2011</strong> 2010<br />
Rs’000 Rs’000<br />
Profit before taxation is arrived at after<br />
crediting:<br />
<strong>In</strong>vestment income - official market 5,203 6,824<br />
- DEM quoted 10,630 12,522<br />
- unquoted 33,593 23,619<br />
<strong>In</strong>terest receivable 2,445 2,157<br />
Profit on sale of investments 7,623 2,159<br />
Fair value gain on held-for-trading securities - 1,490<br />
102<br />
ENL Commercial Limited<br />
Annual Report <strong>2011</strong>
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