TPCC Annual Report 2008.indd - HeidelbergCement
TPCC Annual Report 2008.indd - HeidelbergCement
TPCC Annual Report 2008.indd - HeidelbergCement
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Tanzania Portland Cement Company Ltd, <strong>Annual</strong> <strong>Report</strong> 2008<br />
Income statement<br />
Profit and loss accounts, TZS ‘000 Notes 2008 2007<br />
Revenue 9 148,709,578 119,764,889<br />
Cost of sales 11 (80,048,539) (60,647,709)<br />
Gross margin 68,661,039 59,117,180<br />
Other income 10 706,653 249,374<br />
Selling and marketing costs 12 (966,538) (1,093,907)<br />
Administrative costs 13 (10,970,349) (8,840,836)<br />
Depreciation and amortisation 8, 17 & 18 (3,320,711) (2,906,872)<br />
Other expenses 14 (1,238,495) (379,924)<br />
Write-off and increase in provision for obsolete stock 20 288,245 (904,731)<br />
Operating income 53,159,844 45,240,284<br />
Finance revenue 426,171 586,715<br />
Financial costs 15 (358,299) (355,843)<br />
Loss on foreign currency translation 16 (3,034,766) (1,889,594)<br />
Profit before tax 50,192,950 43,581,562<br />
Taxes on income 30 (15,230,630) (13,469,977)<br />
Profit for the year 34,962,320 30,111,586<br />
Earnings per share 37<br />
Basic earning per share (TZS) 194.32 167.36<br />
Diluted earning per share (TZS) 194.32 167.36<br />
The notes on pages 32 to 59 form part of these financial statements<br />
Independent auditors’ report on pages 26 and 27<br />
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