enl commercial limited annual report 2011 - Investing In Africa

Notes to the Financial Statements
Year ended June 30, 2011
34 THREE-YEAR SUMMARY OF GROUP PUBLISHED RESULTS AND ASSETS AND
LIABILITIES (continued)
(b)
THE COMPANY
2011 2010 2009
Rs’000 Rs’000 Rs’000
Statements of comprehensive income
Revenue 51,871 45,122 51,431
Profit before taxation 30,471 26,872 27,803
Income tax expense (96) (72) (414)
Profit for the year 30,375 26,800 27,389
Other comprehensive income for the year (112,777) 14,829 65,796
Total comprehensive income for the year (82,402) 41,629 93,185
Dividends per share Rs. 0.90 0.80 0.80
Earnings per share Rs. 1.04 0.92 0.94
Statement of financial position
ASSETS
Non-current assets 877,683 1,626,570 1,552,350
Current assets 75,160 70,978 65,785
Non-current assets classified as held for sale 679,872 - -
Total assets 1,632,715 1,697,548 1,618,135
EQUITY AND LIABILITIES
Capital and reserves 1,369,762 1,478,419 1,460,128
Non-current liabilities 134,714 33,921 45,533
Current liabilities 128,239 185,208 112,474
Total equity and liabilities 1,632,715 1,697,548 1,618,135
35 EVENTS AFTER THE REPORTING PERIOD
At a board meeting held on 22 August 2011, it was resolved that the company will dispose of its noncore
investments to related companies for a cash consideration of Rs 675 million.
The sale is subject to approval by shareholders at a special meeting to be held on 7 October, 2011.
36 CONTINGENT LIABILITIES
One of the subsidiaries of the group is being sued by its former general manager for Rs 10.2 million
on grounds of unfair dismissal.
A subsidiary is being sued by a client for breach of contract in respect of works carried out being faulty.
ENL Commercial Limited
Annual Report 2011
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