2011 Annual Report and Accounts - Investing In Africa

Notes to the Financial Statements (continued)
5 Segment information (continued)
A reconciliation of adjusted EBITDA to profit before tax is provided as follows:
2011 2010
Shs’ 000 Shs’ 000
Adjusted EBITDA 1,268,725 1,108,018
Depreciation (330,834) (257,617)
Share of profit from associate 19,332 1,088
Finance costs – net (104,090) (158,556)
Profit before tax 853,133 692,933
The entity is domiciled in Kenya. Its revenue from external customers in Kenya is Shs 3,177,879,000 (2010: Shs
2,644,445,000), and the total of revenue from external customers from other countries is Shs 2,263,632,000 (2010:
Shs 1,968,362,000). The breakdown of the major component of the total of revenue from external customers from
other countries is disclosed above.
There are no significant revenues derived from a single external customer.
6 Expenses by nature
The following items have been (credited)/charged in arriving at profit before income tax:
Group
2011 2010
Shs’000
Shs’000
Loss/(gain) on disposal of property, plant and equipment 1,562 (81,953)
Impairment of goodwill (Note 20) - 20,008
Net foreign currency exchange movements 83,902 (15,903)
Receivables – provision for impairment losses (Note 23) 30,378 (2,575)
Auditors’ remuneration (Company:
2011: Shs 2,265,901 2010: Shs 2,109,910) 12,010 12,498
Employee benefit expense (Note 7) 1,576,219 1,335,351
Repairs and maintenance of property, plant and equipment 115,264 97,013
7 Employee benefits expense Group
2011 2010
Shs’000
Shs’000
The following items are included within employee benefits expense:
Salaries, wages and other staff costs 1,479,514 1,268,983
Retirement benefits costs:
- Gratuity charge (Note 16) 26,138 10,115
- Defined contribution scheme 28,966 24,343
- National Social Security Funds 41,601 31,910
1,576,219 1,335,351
62 TPS EASTERN AFRICA LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS 2011