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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Statements of Comprehensive <strong>In</strong>come<br />
Year ended June 30, <strong>2011</strong><br />
THE COMPANY<br />
Notes <strong>2011</strong> 2010<br />
Rs’000 Rs’000<br />
<strong>In</strong>vestment and interest income 51,871 45,122<br />
Administrative expenses (12,068) (10,115)<br />
39,803 35,007<br />
Fair value gain on held-for-trading securities 14 - 1,490<br />
Finance costs 27 (17,272) (11,784)<br />
22,531 24,713<br />
Profit on disposal of investments 7,623 2,159<br />
Provision-written back 317 -<br />
Profit before taxation 25 30,471 26,872<br />
<strong>In</strong>come tax expense 23 (96) (72)<br />
Profit for the year 30,375 26,800<br />
Other comprehensive income:<br />
Fair value movement on<br />
available for sale financial assets (104,768) 14,829<br />
Release to income on disposal<br />
of available for sale financial assets (8,009) -<br />
28 (112,777) 14,829<br />
Total comprehensive income for the year (82,402) 41,629<br />
Earnings per share 29 Rs 1.04 0.92<br />
The notes on pages 70 to 111 form an integral part of these financial statements.<br />
Auditors’ <strong>report</strong> on pages 62 and 63.<br />
ENL Commercial Limited<br />
Annual Report <strong>2011</strong><br />
67
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