2012 TPSEA Annual Report - Serena Hotels

More documents

Recommendations

Info

Consolidated Statement of Comprehensive Income for the year ended 31 December 2011 2011 2010 Shs’000 Shs’000 Profit for the year 615,891 516,384 Other comprehensive income: Items net of tax Gain on revaluation of land and buildings - 2,577,570 Deferred income tax on revaluation - (773,272) Currency translation differences 67,290 (42,888) Total comprehensive income for the year 683,181 2,277,794 Attributable to: Equity holders of the Company 736,061 2,292,463 Non controlling interest (52,880) (14,669) Total comprehensive income for the year 683,181 2,277,794 36 TPS EASTERN AFRICA LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS 2011
Consolidated Statement of Financial Position As at 31 December 2011 Notes 2011 2010 Shs’000 Shs’000 Capital and reserves attributable to the Company’s equity holders Share capital 12 148,211 148,211 Share premium 12 3,032,431 3,032,431 Revaluation reserve 13 2,404,495 2,473,370 Translation reserve (90,593) (157,883) Retained earnings 2,262,751 1,717,779 Proposed dividends 11 192,674 185,264 7,949,969 7,399,172 Non controlling interest 27 96,855 97,213 Total equity 8,046,824 7,496,385 Non-current liabilities Borrowings 14 1,659,372 1,204,524 Deferred income tax liability 15 1,678,659 1,453,428 Retirement benefit obligations 16 131,689 110,835 Total non-current liabilities 3,469,720 2,768,787 Total equity and non-current liabilities 11,516,544 10,265,172 Non-current assets Property, plant and equipment 18 8,829,042 8,248,664 Intangible assets 20 1,057,861 1,057,861 Investment in associates 22 687,008 30,718 Available-for-sale financial asset 17 - 216,251 Deferred income tax asset 15 143,000 33,661 10,716,911 9,587,155 Current assets Inventories 375,588 299,776 Receivables and prepayments 23 1,636,227 986,959 Cash and cash equivalents 24 403,114 1,049,247 2,414,929 2,335,982 Current liabilities Payables and accrued expenses 25 1,139,017 1,205,488 Current income tax 9,585 31,720 Borrowings 14 466,694 420,757 1,615,296 1,657,965 Net current assets 799,633 678,017 11,516,544 10,265,172 The financial statements on pages 33 to 81 were approved for issue by the board of directors on 14 March <strong>2012</strong> and signed on its behalf by: Mr. Francis Okomo - Okello Chairman Mr. Mahmud Jan Mohammed Managing Director TPS EASTERN AFRICA LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS 2011 37
Page 1: 2011 Annual Report and Accounts
Page 4 and 5: Directors and Administration BOARD
Page 6 and 7: Operating Subsidiaries and Properti
Page 8 and 9: Notice of Annual General Meeting No
Page 10 and 11: Chairman’s Statement Mr. Francis
Page 12 and 13: Chairman’s Statement (continued)
Page 14 and 15: Taarifa ya Mwenyekiti (kuendelea) u
Page 16 and 17: The Managing Director’s Report Mr
Page 18 and 19: The Managing Director’s Report (c
Page 20 and 21: Taarifa kutoka kwa Meneja Mkurugenz
Page 22 and 23: Board of Directors 1 MR. FRANCIS OK
Page 24 and 25: Corporate Governance Statement The
Page 26 and 27: Corporate Governance Statement (con
Page 28 and 29: Corporate Social Responsibility At
Page 30 and 31: Charitable Donations Serena and its
Page 32 and 33: Directors’ Report The Directors s
Page 34 and 35: Report of the Independent Auditor t
Page 38 and 39: Company Statement of Financial Posi
Page 40 and 41: Consolidated Statement of Changes i
Page 42 and 43: Company Statement of Changes in Equ
Page 44 and 45: Notes to the Financial Statements 1
Page 46 and 47: Notes to the Financial Statements (
Page 84 and 85: Notes
Page 86:
FOLD 1 / KUNJA 1 Please afix Stamp
show all

2012 TPSEA Annual Report - Serena Hotels

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?