enl commercial limited annual report 2011 - Investing In Africa

Statements of Comprehensive Income
Year ended June 30, 2011
THE GROUP
2011 2010
Investment &
Investment &
Notes management Commercial Industry Total management Commercial Industry Total
Rs’000 Rs’000 Rs’000 Rs’000 Rs’000 Rs’000 Rs’000 Rs’000
Sales - 1,523,708 1,108,084 2,631,792 - 1,292,847 52,810 1,345,657
Cost of sales - (1,252,245) (969,383) (2,221,628) - (1,049,176) (40,564) (1,089,740)
Gross profit - 271,463 138,701 410,164 - 243,671 12,246 255,917
Investment and other income 16,459 - - 16,459 21,134 - - 21,134
16,459 271,463 138,701 426,623 21,134 243,671 12,246 277,051
Other operating expenses - (43,056) (44,268) (87,324) - (33,429) (3,810) (37,239)
Administrative expenses (13,260) (176,058) (50,078) (239,396) (10,937) (173,552) (6,209) (190,698)
Other operating income - 26,815 4,318 31,133 - 17,135 767 17,902
3,199 79,164 48,673 131,036 10,197 53,825 2,994 67,016
Fair value gain on
held-for-trading securities 14 - - - - 1,490 - - 1,490
Share of results of
associates - (4,925) 988 (3,937) (4,465) (3,045) 2,750 (4,760)
Finance costs 27 (17,487) (41,153) (15,376) (74,016) (12,041) (16,214) (790) (29,045)
(14,288) 33,086 34,285 53,083 (4,819) 34,566 4,954 34,701
Profit on disposal of investments 5,131 - 899 6,030 2,159 - - 2,159
Provision for guarantee - - - - - (2,939) - (2,939)
Fair value adjustment of
financial liabilities - - 156 156 - - - -
Fair value gain arising on
business combination 41,159 - - 41,159 - - - -
Profit before taxation 25 32,002 33,086 35,340 100,428 (2,660) 31,627 4,954 33,921
Income tax expense 23 (109) (7,385) (2,671) (10,165) (134) (7,192) (96) (7,422)
Profit for the year 31,893 25,701 32,669 90,263 (2,794) 24,435 4,858 26,499
Other comprehensive
income:
Fair value movement on
available for sale financial
assets (163,696) - - (163,696) (36,999) - - (36,999)
Share of comprehensive
income of associates 2,689 - - 2,689 5,349 - - 5,349
Surplus on revaluation of
properties net of deferred tax - 52,126 3,756 55,882 - - - -
28 (161,007) 52,126 3,755 (105,125) (31,650) - - (31,650)
Total comprehensive
income for the year (129,114) 77,827 36,425 (14,862) (34,444) 24,435 4,858 (5,151)
Profit attributable to:
Owners of the company 31,893 25,701 27,399 84,993 (2,794) 24,502 4,858 26,566
Non-controlling interests - - 5,270 5,270 - (67) - (67)
31,893 25,701 32,669 90,263 (2,794) 24,435 4,858 26,499
Total comprehensive
income attributable to:
Owners of the company (129,114) 77,827 29,312 (21,975) (34,444) 24,502 4,858 (5,084)
Non-controlling interests - - 7,113 7,113 - (67) - (67)
(129,114) 77,827 36,425 (14,862) (34,444) 24,435 4,858 (5,151)
Earnings per share 29 Rs. 2.81 Rs. 0.91
The notes on pages 70 to 111 form an integral part of these financial statements.
Auditors’ report on pages 62 and 63.
66
ENL Commercial Limited
Annual Report 2011