enl commercial limited annual report 2011 - Investing In Africa

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Notes to the Financial Statements Year ended June 30, 2011 28 OTHER COMPREHENSIVE INCOME (continued) THE COMPANY Fair value reserves Total Rs’000 Rs’000 2011 Fair value movement on available for sale financial assets (104,768) (104,768) Release to income on disposal of available for sale financial assets (8,009) (8,009) 2010 (112,777) (112,777) Rs’000 Rs’000 Fair value movement on available for sale financial assets 14,829 14,829 29 EARNINGS PER SHARE THE GROUP THE COMPANY 2011 2010 2011 2010 Profit attributable to equityholders of the holding company Rs’000 81,939 26,566 30,376 26,800 Number of ordinary shares in issue (‘000) 29,173 29,173 29,173 29,173 Earnings per share Rs. 2.81 0.91 1.04 0.92 30 NOTES TO THE STATEMENTS OF CASH FLOWS (a) THE GROUP THE COMPANY 2011 2010 2011 2010 Rs’000 Rs’000 Rs’000 Rs’000 Cash generated from operations Profit before taxation 100,428 33,921 30,471 26,872 Adjustments for: Depreciation on property, plant & equipment 72,687 41,372 - - Profit on sale of investments (6,030) (2,159) (7,623) (2,159) Profit on sale of property, plant and equipment (7,206) (1,857) - - Provision written back - - (317) - Property, plant and equipment written off 51 716 - - Fair value gain on business combinations (41,159) - - - Fair value gain on held for trading securities - (1,490) - (1,490) Fair value adjustment of financial liabilities (156) - - - Amortisation of intangible assets 4,904 3,352 - - Share of net results of associates 6,774 11,660 - - Interest income (1,074) (2,023) (2,445) (2,157) Interest expense 74,589 29,045 17,272 11,784 Retirement benefit obligations 3,920 1,271 - - Changes in working capital - inventories (89,843) 14,611 - - - trade and other receivables (86,810) (61,495) (700) 6,385 - amounts receivable from group companies (2,308) (524) (13,535) (4,666) - trade and other payables 75,421 17,573 (571) 1,421 - amounts payable to group companies (9,177) 3,348 (1,562) (674) Cash generated from operations 95,011 87,321 20,990 35,316 104 ENL Commercial Limited Annual Report 2011
Notes to the Financial Statements Year ended June 30, 2011 30 NOTES TO THE STATEMENTS OF CASH FLOWS (continued) (b) (c) THE GROUP THE COMPANY 2011 2010 2011 2010 Rs’000 Rs’000 Rs’000 Rs’000 Cash and cash equivalents Bank overdrafts (136,238) (199,603) (28,515) (62,860) Cash in hand and at bank 47,325 11,189 119 489 Cash and cash equivalents (88,913) (188,414) (28,396) (62,371) Major non-cash transactions Non-cash transactions relate to the acquisition of property, plant and equipment under finance leases. 31 SEGMENTAL INFORMATION THE GROUP Investment & Notes management Commercial Industry Total Rs’000 Rs’000 Rs’000 Rs’000 Segment assets 850,905 1,028,222 617,361 2,496,488 Investments in associates 8 9,305 15,378 11,303 35,986 Consolidated total assets 860,210 1,043,600 628,664 2,532,474 Segment liabilities 266,745 654,906 537,122 1,458,773 Additions to non current assets 5& 6 2,052 48,005 27,348 77,405 Depreciation and amortisation 5& 6 - 45,515 32,076 77,591 Material items of income - Profit on disposal of investments 5,131 - 899 6,030 - Fair value gain arising on business combination 41,159 - - - Material items of expenditure - Fair value adjustment of financial liabilities - - 5,035 5,035 Interest income - 835 239 1,074 Interest expense 17,487 41,673 15,429 74,589 2011 ENL Commercial Limited Annual Report 2011 105
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ENL COMMERCIAL LIMITED ANNUAL REPOR
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Dear Shareholder, The Board of Dire
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ENL Commercial Limited Annual Repor
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Portfolio of operating companies of
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Dividend per Share (Rs) 0.80 0.80 0
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Directors’ Report (continued) Ass
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AXESS LIMITED ENL Commercial Limite
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CHARABIA LTD ENL Commercial Limited
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COGIR LIMITÉE ENL Commercial Limit
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GREWALS (MAURITIUS) LIMITED ENL Com
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PACK PLASTICS LIMITED ENL Commercia
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Statement of Directors’ Responsib
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PLASTINAX AUSTRAL LIMITÉE ENL Comm
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ACTIVITIES FRCI specialises in info
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Corporate Information June 30, 2011
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Corporate Governance Report (contin
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Share Analysis Distribution of Shar
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Page 55 and 56: ENL Foundation (continued) 3. Eradi
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Page 59 and 60: Other Statutory Disclosures (Pursua
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Page 69 and 70: Statements of Comprehensive Income
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Page 73 and 74: Notes to the Financial Statements Y
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Page 115 and 116: Proxy Form ENL Commercial Limited I
Page 117 and 118: Notes ENL Commercial Limited Annual
Page 120: ENL Commercial Limited 7 th Floor S
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enl commercial limited annual report 2011 - Investing In Africa

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