FAUJI FERTILIZER COMPANY LIMITED

INCOME STATEMENT AS PER YEAR END 2009

2009 2008

Sales 36,163,174 30,592,806

Cost of sales 20,515,044 18,234,692
GROSS PROFIT 15,648,130 12,358,114
Distribution cost 3,`174,505 2,668,571
12,473,625 9,689,543

Finance cost 944,947 695,371

Other expenses 1,272,448 895,647
10,256,230 8,098,525

Other income 2,800,987 1,942,558

NET PROFIT BEFORE TAXATION 13,057,217 10,041,083
Provision for taxation 4,234,111 3,516,000
NET PROFIT AFTER TAXATION 8,823,106 6,525,083

Earning per share(EPS) 13 9.62

 BALANCE SHEET AS PER
DECEMBER 31,2009

2009 2008
EQUITY AND LIABILITIES
EQUITY

Share Capital 6,785,271 4,934,742

Capital reserve 160,000 160,000
Revenue reserves 6,137,171 7,190,471
13,082,442 12,285,213
NON-CURRENT LIABILITIES

Long-term borrowings 4,578,809 5,378,214

Deferred taxation 3,035,757 2,431,895
7,614,566 7,810,109
CURRENT LIABILITIES

Trade and other payables 8,002,897 5,993,674

Interest and mark-up accrued 147,329 194,570
Short term borrowing 6,088,348 3,114,000
Current portion of long term borrowing 1,799,405 743,036
Taxation 1,816,595 1,778,361
17,854,574 11,823,641

38,551,582 31,918,963
 2009 2008

ASSETS
Non-Current Assets

Property,Plant and equipment 13,993,518 12,730,813

Goodwill 1,569,234 1,569,234
Long-term investment 7,727,528 7,744,779
Long-term loans and advances 337,541 163,102
Long-term,deposits and prepayments 6,305 1524
23,634,126 22,209,452
Current Assets

Stores, Spares and loose tools 2,996,633 3,034,268

Stock in trade 144,087 258,094
Trade debts 256,886 495,929
Loans and advances 130,219 136,944
Deposits and prepayments 37,653 107,369
Other receivable 734,062 ,1233,479
Short term investments 6,768,568 3,511,563
Cash and bank balances 3,849,348 931,865
14,917,456 9,709,511

38,551,582 31,918,963