Income Statement

2013-2014 2014-2015 2015-2016

(Year) (Year) (Year)

Revenue 1,727,217,669 1,886,505,385 2,091,553,854

Costs of Sales 1,353,202,996 1,496,547,549 1,685,339,370.00

Gross Profit 374,014,673 389,957,836 406,214,484

Distribution expenses 69,405,045 80,177,109 92,254,630

Administrative expenses 26,784,229 31,411,624 41,689,802.00

Depreciation and -- -- --
amortization

Marketing and Advertising 80,402,065 86,923,476 81,984,373

Expenses

Operating Profit/ (loss) 197,423,334 191,445,627 190,285,679

Employee benefits expenses 3,535,322 3,560,512 3,423,723.00

Finance Expenses 123,144,654 117,557,598 120,424,716.00

Other revenues and profits -- 882,709 2,037,214.00

Other expenses 36,912 -- --

Profit / (loss) Before Tax 70,706,446 71,210,226 68,474,454

Income Tax Expense 15,282,320 15,625,507 15,476,295.00

Profit / (loss) for the Period 55,424,126 55,584,719 52,998,159

Earnings Per Share - Basic 6.93 6.95 6.62

Short term 9,780,848 (53,094,067) 206,400,658.00

loans/Investments
Balance sheet

2013-2014 2014-2015 2015-2016

(Year) (Year) (Year)
Property Plant & 341,808,493 658,081,631 544,637,029.00
Equipment

Total Non Current Assets 341,808,493 658,081,631 544,637,029

Inventory 515,560,213 536,252,303 569,968,380.00

Trade & other receivables 74,962,348 83,144,358 118,263,356.00

Cash & cash equivalents 15,881,322 33,132,883 17,722,510.00

Advance, Deposits & 147,697,841 195,100,477 208,677,210.00

Prepayment

Total Current Assets 754,101,724 847,630,021 914,631,456

Total Assets 1,095,910,217 1,505,711,652 1,459,268,485

Stated capital 80,000,000 80,000,000 80,000,000.00

Share Premium 40,000,000 40,000,000 40,000,000.00

Revaluation Reserve 16,068,572 15,925,261 15,782,895

Revenue reserve -- -- 408,666,225

Retained Earnings 350,997,670 381,125,700 --

Reserves -- -- --

Shareholders' funds 487,066,242 517,050,961 544,449,120

Total Equity 487,066,242 517,050,961 544,449,120

Interest Bearing 42,707,500 -- 200,059,844.00

Borrowings

Defferred Tax Liabilities 24,897,012 22,340,083 17,227,309.00

Reirement Benefit -- -- --
Obligations

Other non-current -- 426,504,330 --

liabilities

Total Non Current 67,604,512 448,844,413 217,287,153

Liabilities

Trade & other payables -- 10,335,181 2,633,700.00

Tax payable 32,441,008 50,623,444 50,291,612.00

Dividends payable 4,784,886 5,022,770 5,146,675.00

Current portion of interest 42,707,500 70,944,059 27,862,204.00

bearing borrowings

Other current liabilities 43,934,817 38,613,639 40,920,178.00

Bank overdrafts -- -- 570,677,843

Short Term bank loan 417,371,252 364,277,185 --

Total Current Liabilities 541,239,463 539,816,278 697,532,212

Total Owners Equity & 1,095,910,217 1,505,711,652 1,459,268,485

Liabilities

Book Value Per Share 60.88 64.63 68.06