EAPCC_Annual_Report_.. - Investing In Africa
EAPCC_Annual_Report_.. - Investing In Africa
EAPCC_Annual_Report_.. - Investing In Africa
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EAST AFRICAN PORTLAND CEMENT COMPANY LIMITED<br />
ANNUAL REPORT AND FINANCIAL STATEMENTS<br />
2010/2011<br />
NOTES TO THE FINANCIAL STATEMENTS (continued)<br />
FOR THE YEAR ENDED 30 JUNE 2011<br />
Statement of<br />
comprehensive<br />
income<br />
At 30 June 2011<br />
1 July 2010<br />
KShs’000 KShs’000 KShs’000<br />
Deferred tax liabilities<br />
Property, plant and equipment 1,627,375 (301,531) 1,325,844<br />
Deferred tax assets<br />
Tax loss (business) (309,773) (260,600) (570,373)<br />
Tax loss (farming) (6,518) 6,518 -<br />
Provision for staff leave (21,969) (591) (22,560)<br />
Provision for staff gratuity (131,238) (24,020) (155,258)<br />
Provision for bonus (22,198) (1,123) (23,321)<br />
Obsolete stock provision - (14,305) (14,305)<br />
Staff debts provision - (15,068) (15,068)<br />
Bad debts provision - (16,636) (16,636)<br />
Legal fees provision - (10,916) (10,916)<br />
Unrealised exchange loss (135,959) (49,388) (185,347)<br />
(627,655) (386,129) (1,013,784)<br />
Balance as at 30 June 999,720 (687,660) 312,060<br />
EAST AFRICAN PORTLAND CEMENT COMPANY LIMITED<br />
ANNUAL REPORT AND FINANCIAL STATEMENTS 2010/2011 65
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