INDEX ANALYSIS

Index Analysis
year 2006 year 2007 year 2008 year 2006 year 2007 year 2008
% % %
TOTAL CURRENT ASSETS
Stores & Spares 52498 47875 47747 100 91.2 91
Stock in trade 1256141 1363508 1696200 100 108.5 135
Trade debts 208742 128817 139004 100 61.7 66.6
Loans & Advances 21812 33369 21316 100 153 97.7
Trade deposits & Short-term prepayments 63078 101988 164785 100 161.7 261.2
Accrued profits 11739 5576 6594 100 47.5 56.2
Other receivables 45384 197280 35465 100 434.7 78.1
Taxation recoverable 295934 154598 258708 100 52.2 87.4
Cash & bank balances & financial assets 1608841 1096118 1051489 100 68.1 65.4
Total current assets 3564169 3129129 3421308 100 87.8 96
less:TOTAL CURRENT LIABILITIES
Trade & other payables 749439 881681 1346771 100 117.6 179.7
Net Working Capital 2814730 2247448 2074537 100 79.8 73.7
add:NON-CURRENT ASSETS
Fixed assets- property, plant, equipment 1437023 1516821 1560835 100 105.6 108.6
Long-term Loans & Advances 25306 25892 23580 100 102.3 93.2
Long-term deposits 3394 4393 4393 100 129.4 129.4
Long-term prepayments 5533 5133 5773 100 92.8 104.3
Total non-current assets 1471256 1552239 1594581 100 105.5 108.4
Company's net assets 4285986 3799687 3669118 100 88.7 85.6
less:NON-CURRENT LIABILITIES
Deferred taxation 44100 110414 100606 100 250.4 228.1
Shareholder's Funds 4241886 3689273 3568512 100 87 84.1

TOTAL SHAREHOLDER'S EQUITY

Issued, subscribed & paid-up capital 979003 979003 979003 100 100 100
Capital reserves 46097 46097 154777 100 100 335.8
Revenue reserves 3216786 2664173 2434732 100 82.8 75.7
Total Shareholder's Equity 4241886 3689273 3568512 100 87 84.1

Sales-net 5887748 6546371 7059011 100 111.2 119.9

Service fee for toll manufacturing 26433 38083 30152 100 144.1 114.1
5914181 6584454 7089163 100 111.3 119.9
less:cost of goods sold & services 3435553 3850568 4991510 100 112.1 145.3
Gross Profit 2478628 2733886 2097653 100 110.3 84.6
less: Operating Expenses
Selling & Distribution expenses 877137 844524 1334884 100 96.3 152.2
Administrative expenses 136563 110667 255737 100 81 187.3
1464928 1778695 507032 100 121.4 34.6
add:Other Operating Income 108722 173394 105545 100 159.5 97.1
less:Other Operating Charges 130020 179859 65051 100 138.3 50
1443630 1772230 547526 100 122.8 38
less:Finance Cost 3660 3202 2704 100 87.5 73.9
Profit before taxation 1439970 1769028 544822 100 122.9 37.8
less:Taxation-net 439962 559435 200842 100 127.2 45.6
Profit After Taxation / Net Income 1000008 1209593 343980 100 121 34.4