EAPCC_Annual_Report_.. - Investing In Africa

2010/2011
EAST AFRICAN PORTLAND CEMENT COMPANY LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FIVE YEAR FINANCIAL REVIEW
2011 2010 2009 2008 2007
Shs'000 Shs'000 Shs'000 Shs'000 Shs'000
Turnover 10,172,140 9,408,711 8,101,377 7,204,479 6,402,736
Operating profit 653,640 90,015 1,247,045 1,120,355 757,337
Foreign currency exchange Loss/ (Gain) (655,909) (451,176) (837,522) (414,451) 307,311
Loss / (Profit) before tax (119,059) (338,571) 1,881,678 715,889 1,112,625
Taxation credit / (Charge) 680,314 54,520 (47,624) (179,237) (348,461)
Profit /(Loss) Attributable to Members 561,255 (284,051) 1,834,054 536,652 764,164
Dividends - 117,000 - 234,000
Capital Employed
Assets
Non current 10,358,801 9,125,885 8,904,918 6,411,608 5,768,197
Current 3,172,070 2,911,680 3,131,045 2,661,737 3,170,375
Total assets 13,530,871 12,037,565 12,035,963 9,073,345 8,938,572
Equity & Liabilities
Share holders funds 6,262,456 5,701,201 6,102,252 4,026,749 3,607,097
Non current liabilities 5,168,236 4,499,714 4,421,319 3,870,221 3,896,220
Current liabilities 2,100,179 1,836,650 1,512,392 1,176,375 1,435,255
Total Equity & Liabilities 13,530,871 12,037,565 12,035,963 9,073,345 8,938,572
Ratio Analysis
Profitability and Efficiency Ratios
Gross profit margin 23% 22% 31% 33% 27%
Operating profit margin 6% 1% 15% 16% 12%
Net profit margin 6% -3% 23% 7% 12%
Return on assets 4% -2% 15% 6% 9%
Return on Equity 9% -5% 30% 13% 21%
Liquidity Ratios /Working capital
Current ratio 1.5 1.6 2.1 2.3 2.2
Quick ratio 1.2 1.2 1.6 1.4 1.8
Earnings Loss per Share 6.24 (3.16) 20.38 5.96 8.49
Dividends per share (Kshs) -
Interim Paid - 1.30
Final & proposed 0.50 1.30 - 1.30
Total 0.50 - 1.30 - 2.60
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EAST AFRICAN PORTLAND CEMENT COMPANY LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS 2010/2011