notes to the financial statements for the year ... - Investing In Africa

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STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 30 JUNE 2009AssetShare Share revaluation Retained Proposedcapital premium reserve earnings dividends TotalKShs’000 KShs’000 KShs’000 KShs’000 KShs’000 KShs’000East African Portland Cement Co. Ltd Annual Report and Financial Statements FY 2008/200930At 1 July 2007 450,000 648,000 1,146,997 1,362,100 - 3,607,097Transfer of excess depreciation - - (75,755) 75,755 - -Deferred tax on excess depreciation - - 22,727 (22,727) - -Surplus realised on disposal of revalued assets - - (966) 966 - -Deferred tax on disposal of revalued assets - - 290 (290) - -Profi t for the year - - - 536,652 - 536,6522007-fi nal dividend paid - - - (117,000) - (117,000)At 30 June 2008 450,000 648,000 1,093,293 1,835,456 - 4,026,749At 1 July 2008 450,000 648,000 1,093,293 1,835,456 - 4,026,749Revaluation surplus - - 360,973 - - 360,973Deferred tax on revaluation surplus - - (108,292) - - (108,292)Transfer of excess depreciation - - (47,602) 47,602 - -Deferred tax on excess depreciation - - 14,281 - - 14,281Surplus realised on disposal of revalued assets - - (5,893) 5,893 - -Deferred tax on disposal of revalued assets - - 1,768 - - 1,768Impairment of property, plant and equipment - - (14,671) - - (14,671)Profi t for the year - - - 1,834,054 - 1,834,054Final dividends proposed - - - (117,000) 117,000 -At 30 June 2009 450,000 648,000 1,293,857 3,606,005 117,000 6,114,862
CASH FLOW STATEMENTFOR THE YEAR ENDED 30 JUNE 2009Note 2009 2008KShs’000KShs’000OPERATING ACTIVITIESCash generated from operations 34(a) 1,909,147 871,370Interest paid 34(c) (80,272) (139,359)Interest received 29 61,810 84,215Taxation paid (9,675) (600,621)Net cash generated from operating activities 1,881,010 215,605INVESTING ACTIVITIESPurchase of property, plant and equipment 3 (1,091,337) (1,030,462)Purchase of intangible assets 4 - (3,681)Purchase of operating lease rentals 5 - (21,486)Proceeds from sale of equipment 7,617 1,660Proceeds from sale of leasehold land - 12,313Investment in restricted deposits (1,770) (1,776)Proceeds from sale of biological assets 8 1,765 2,295Net cash used in investing activities (1,083,725) (1,041,137)FINANCING ACTIVITIESDividend paid - (117,000)Loan repayment 34(b) (273,932) (248,362)Net cash used in fi nancing activities (273,932) (365,362)INCREASE/(DECREASE) IN CASH ANDCASH EQUIVALENTS523,353 (1,190,894)CASH AND CASH EQUIVALENTS AT THEBEGINNING OF THE YEAR 988,609 2,179,503CASH AND CASH EQUIVALENTS AT THEEND OF THE YEAR 34(d) 1,511,962 988,609East African Portland Cement Co. Ltd Annual Report and Financial Statements FY 2008/200931
Page 3: ContentsBusiness ReviewFive Year Fi
Page 6 and 7: FINANCIAL HIGHLIGHTSKshs million100
Page 8 and 9: CHAIRMAN’S STATEMENTEast African
Page 10 and 11: MANAGING DIRECTOR’S BUSINESS REVI
Page 12 and 13: CORPORATE SOCIAL RESPONSIBILITY (CS
Page 14 and 15: SportsEvery year the Company sponso
Page 16 and 17: BOARD OF DIRECTORSEast African Port
Page 18 and 19: THE BOARD AND STATUTORY INFORMATION
Page 20 and 21: STATEMENT ON CORPORATE GOVERNANCEEa
Page 22 and 23: East African Portland Cement Co. Lt
Page 24 and 25: STATEMENT OF DIRECTORS’ RESPONSIB
Page 30 and 31: INCOME STATEMENTFOR THE YEAR ENDED
Page 34 and 35: NOTES TO THE FINANCIAL STATEMENTSFO
Page 72 and 73: NOTICE OF ANNUAL GENERAL MEETINGNot
Page 74: NOTESEast African Portland Cement C

notes to the financial statements for the year ... - Investing In Africa

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