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) - <strong>In</strong>terim Paid - 1.30 Final & proposed 0.50 1.30 - 1.30 Total 0.50 - 1.30 - 2.60 4 EAST AFRICAN PORTLAND CEMENT COMPANY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS 2010/2011
EAST AFRICAN PORTLAND CEMENT COMPANY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS 2010/2011 FINANCIAL HIGHLIGHTS FOR THE YEAR ENDED JUNE 2011 2011 2010 Sh'000 Sh'000 NET REVENUE 10,172,140 9,408,711 Loss before tax (199,059) (338,571) Profit/ (Loss) attributable to to the shareholders of the East <strong>Africa</strong>n Portland Cement Company Limited 561,255 (284,051) DIVIDENDS - - Share Capital and Shareholders' funds Ordinary Share Capital 450,000 450,000 Shareholders fund 6,262,456 5,701,201 Earnings and Dividend per share Earnings Loss per share 6.24 (3.16) Dividend Per Share Final & proposed 0.50 - Total 0.50 - EAST AFRICAN PORTLAND CEMENT COMPANY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS 2010/2011 5