TPCC Annual Report 2008.indd - HeidelbergCement

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Tanzania Portland Cement Company Ltd, Annual Report 2008 9. Revenues TZS ‘000 2008 2007 Twiga extra 138,641,924 109,353,630 Twiga ordinary 12,460,435 11,807,249 Freight income 64,218 317,316 46 151,166,577 121,478,195 Less: Freight outbound (2,456,999) (1,713,306) 10. Other income 148,709,578 119,764,889 TZS ‘000 2008 2007 (Loss)/gain on disposal of property, plant and equipment 62,087 28,452 Rental income 312,262 55,428 Reversal of provisions - 23,991 Other income 327,304 141,503 Bad debts recovery 5,000 - 11. Cost of sales 706,653 249,374 TZS ‘000 2008 2007 Distribution costs 368,352 731,026 Variable costs 67,571,391 49,931,320 Fixed production cost 12,108,796 9,985,363 Fixed production costs includes: 80,048,539 60,647,709 Staff costs 4,131,785 3,603,446 12. Selling and marketing costs TZS ‘000 2008 2007 Staff costs 269,866 212,158 Marketing, advertising and sales costs 485,423 716,388 Increase in provision for impairment of receivables 65,877 74,638 Other expenses 145,372 90,723 966,538 1,093,907
13. Administrative expenses Tanzania Portland Cement Company Ltd, Annual Report 2008 TZS ‘000 2008 2007 Staff costs 2,758,416 1,688,758 Other administrative expenses 8,211,933 7,152,078 14. Other expenses 10,970,349 8,840,836 TZS ‘000 2008 2007 Local government levies and taxes 1,217,477 363,106 Property taxes 21,018 16,818 15. Financial costs 1,238,495 379,924 TZS ‘000 2008 2007 Interest on long term borrowing 156,379 64,810 Interest on short-term borrowing 25,645 67,823 Other interest expenses - 19,698 Bank charges 176,275 203,512 16. Gain/loss on foreign currency translation 358,299 355,843 TZS ‘000 2008 2007 Exchange gain - realised 25,830 4,795,407 Exchange gain - unrealised 7,084,388 234,548 Exchange loss - realised (887,049) (6,323,010) Exchange loss - unrealised (9,257,935) (596,539) (3,034,766) (1,889,594) 47
Page 1 and 2: Tanzania Portland Cement Company Li
Page 3 and 4: Table of contents Tanzania Portland
Page 5 and 6: Kwa Wanahisa, TANZANIA PORTLAND CEM
Page 7 and 8: Maelezo mafupi ya Mwenyekiti Tanzan
Page 9 and 10: Administrative costs were affected
Page 11 and 12: kutokana na uagizaji wa klinka kuto
Page 13 and 14: Mradi wa Upanuzi Mradi wa upanuzi w
Page 15 and 16: Tanzania Portland Cement Company Lt
Page 19 and 20: Taarifa Muhimu za Kampuni Eneo la s
Page 21 and 22: Directors’ remuneration Tanzania
Page 25 and 26: Malipo kwa Wakurugenzi Tanzania Por
Page 27 and 28: Walemavu Tanzania Portland Cement C
Page 31 and 32: Balance sheet Tanzania Portland Cem
Page 33 and 34: Cash flow statement Tanzania Portla
Page 35 and 36: IFRS 8 Operating Segments Tanzania
Page 37 and 38: Revenue recognition Tanzania Portla
Page 47: IFRIC 16 Hedges of a Net Investment
Page 51 and 52: 20. Inventories Tanzania Portland C
Page 53 and 54: 25. Other borrowings Tanzania Portl
Page 57 and 58: 29. Related party transactions Tanz
Page 59 and 60: 33. Incorporation The Company is in
Page 63 and 64: • • • • • • • • •
Page 65 and 66: • • • • • • • • •
Page 68: Tanzania Portland Cement Company Lt

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